Asia
The Hindu BusinessLine

Over 68,000 students trained in semiconductor chip design under C2S programme

More than 68,000 students have been trained in semiconductor chip design and 254 chip designs have been successfully taped out under the government’s Chips to Start-ups (C2S) Programme as per the Ministry of Electronics and Information Technology. The programme is aimed at building an industry-ready talent pool and strengthening chip design capabilities in the country as India expands its domestic semiconductor ecosystem. In a release issued on Friday, the Ministry said, “More than 68,000 students have been trained under the programme so far.” The C2S Programme aims to generate 85,000 industry-ready professionals at B.Tech, M.Tech and PhD levels specialising in semiconductor chip design. The Ministry said the programme was initiated for “capacity-building across the country and to address the issue of workforce talent gap and chip design infrastructure in the semiconductor design area.” Apart from training students, participating academic institutions have successfully taped out 254 chip designs. Tape-out refers to the stage when a completed chip design is sent to a semiconductor foundry for manufacturing. “Participating institutions have successfully taped out 254 chip designs, comprising 175 designs at the 180 nm technology node at SCL, Mohali, and 79 designs at overseas semiconductor foundries,” the Ministry said. The government has also provided 332 academic institutions across the country with access to advanced Electronic Design Automation (EDA) tools used for designing and developing semiconductor chips. These include tools from companies such as Synopsys, Cadence, Siemens EDA, Ansys, Keysight, Silvaco and AMD-Xilinx, among others. The Ministry also highlighted semiconductor research projects being supported at academic institutions in Andhra Pradesh, including work on a secure RISC-V processor for cryptographic applications at IIT Tirupati and a hardware accelerator for high-performance computing and cyber-physical systems at IIITDM Kurnool. Other projects include an energy-efficient neuromorphic processor for edge Internet of Things applications at NIT Andhra Pradesh and a memory-efficient co-processing unit for edge artificial intelligence applications at Shri Vishnu Engineering College for Women, Bhimavaram. “The projects are currently at various stages of design and development,” the Ministry said, adding that depending on their scope and maturity, they are expected to progress towards prototype validation, including tape-out at semiconductor foundries wherever applicable. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Over 68,000 students trained in semiconductor chip design under C2S programme
Asia
The Hindu BusinessLine

Q1 Results Today Live: BDL, Ashok Leyland, 3M India Q1 PAT rise y-o-y, Electrotherm, NATCO Pharma, Alkem Lab PAT decline, NMDC, Voltas, Cochin Shipyard, Physicswallah, PTC Ind, Borosil to announce Q1 results

Indian rupee money bag and increasing stacks of coins. Rise in profits, budget fees. Investments. Raise incomes, increase salaries. Financial success. Economic growth, GDP. Savings and accumulation. | Photo Credit: Andrii Yalanskyi Q1 Results Today, 14th August 2026 Live Updates: Find all the latest Q1 results 2026 updates of Ashok Leyland, NMDC, Alkem Laboratories, Bharat Dynamics, Voltas, 3M India, Cochin Shipyard, Physicswallah, Cholamandalam Financial Holdings, PTC Industries, Natco Pharma, Borosil, Jupiter Wagons, Max Estates, Patanjali Foods, Reliance Infrastructure, Tube Investments of India, Turtlemint Fintech Solutions, Solarworld Energy Solutions, and Saatvik Green Energy. Prime Fresh reports a 51% net profit increase and 17% revenue growth, driven by strong demand in key produce categories. Revenue stood at ₹794 crore marking a decline of 43% in the quarter under review as against ₹1,390 crore for the corresponding quarter last year. Anupam Rasayan reports a 5.7% net profit increase to ₹51.21 crore, fueled by 36% sales growth in Q1. Muthoot MCred Limited (formerly known as Muthoottu Mini Financiers Limited), one of India’s trusted gold loan NBFCs, announced strong financial performance for the quarter ended June 30, 2026. Profit After Tax (PAT) increased by 232.73% year-on-year to ₹100.29 crore. AUM grew 58.53% year-on-year to ₹7,098.38 crore. Total income stood at ₹399.64 crore in Q1 FY27, registering a 76.38% year-on-year growth. The Company continued to maintain strong asset quality and operational discipline, with Gross NPA at 0.59% and Net NPA at 0.24% as of June 30, 2026. Return on Assets (ROA) improved significantly to 5.17% in Q1 FY27, compared with 2.84% as of March 31, 2026, reflecting a strong improvement in the Company’s profitability and asset utilisation. The ROA achieved during the quarter positions Muthoot MCred among the leading performers in the industry. Electrotherm (India) reported standalone PAT of Rs 6.86 crore in Q1FY27, down over 75% from Rs 27.67 crore in Q1FY26. Board approved allotment of 6 per cent non-cumulative redeemable preference shares of ₹10 each to five existing preference shareholders, excluding Ahmedabad Aviation and Aeronautics Limited, in lieu of redemption of the existing preference shares. The allotment amounts to ₹10.95 crore and will be on the same terms and conditions as the original issue. The company will also redeem 10,50,000 preference shares of ₹10 each at par, amounting to ₹1.05 crore, to Ahmedabad Aviation and Aeronautics Limited, a non-consenting preference shareholder Sensex shed 70.71 pts or 0.09% to end at 78,009.25 after hitting a low of 77,684.37. Nifty 50 dipped 29.85 pts or 0.12% to 24,366. Ashok Leyland reports a 1.5% net profit increase to ₹667.77 crore in Q1, with record commercial vehicle sales and strong revenue growth.

Q1 Results Today Live: BDL, Ashok Leyland, 3M India Q1 PAT rise y-o-y, Electrotherm, NATCO Pharma, Alkem Lab PAT decline, NMDC, Voltas, Cochin Shipyard, Physicswallah, PTC Ind, Borosil to announce Q1 results
Asia
The Hindu BusinessLine

Oil prices rise over 2% amid dent to US-Iran peace hopes

Oil prices rose more than two per cent on Tuesday as hopes of a near-term US-Iran peace deal weakened amid US President Donald Trump’s remarks that Washington would seek reparations from Tehran and that the US Navy has “100 per cent control” over the Strait of Hormuz. At the time of reporting, Brent crude was trading at $89.806 per barrel, up 2.1 per cent, while US crude was at $84.386 per barrel, up 2.3 per cent. The rise in oil prices came after Trump said Iran should pay for damages he claimed it had caused over the past 50 years, while asserting that the US Navy currently controls the Strait of Hormuz. “The only one that has control of the Strait of Hormuz right now is the United States Navy,” Trump told reporters at the Oval Office, adding that Washington had a blockade in place and controlled which vessels could enter the strait. Trump also said the US would seek compensation from Iran in any future negotiations. “They asked for reparations, they asked for money for the damage that we’ve done. And I said, that’s a good idea. Well, we’re to ask for money for the damage they’ve done over a 50-year period. So if there’s damages to be paid, I think Iran should pay those damages,” he said. Earlier, Trump had rejected Iran’s demand for financial compensation over damages incurred during US-Israeli military operations in the country. In a post on Truth Social, Trump said Iranian representatives were seeking compensation for damage caused during the “last five months Military Conflict”, which he said began after Iran refused to give up its nuclear weapons ambition. Trump said he had instructed US representatives to include his demands in all future negotiations with Tehran. The US President demanded compensation from Iran for casualties and injuries he attributed to Iranian actions, citing alleged Iranian involvement in various conflicts and also mentioning victims of the 2000 USS Cole bombing. The latest comments come after Tehran linked its war reparation claims to conditions for a possible reopening of the Strait of Hormuz, alongside the lifting of US sanctions and the end of naval blockades. The developments have added to uncertainty over the prospects of a diplomatic settlement between Washington and Tehran, with oil prices responding to the changing expectations around the conflict and potential disruption to energy flows. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

Oil prices rise over 2% amid dent to US-Iran peace hopes
Europe
BBC Business

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

Image source, Getty ImagesByRorey BosottiPublished2 hours agoGerman energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with President Donald Trump's Department of the Interior (DoI). RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana. "After careful consideration, it was determined there is no path forward to permit these projects in the US for the foreseeable future," the company said in a statement. RWE said it has agreed to relinquish its leases off the California and Louisiana coasts as well as in the New York Bight. Overall, the German firm plans to invest approximately €17bn (£14.5bn; $19.6bn) in the US over the next six years "to grow its generation capacity". Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on "costly subsidies". "We welcome RWE's agreement and voluntary investment in projects that strengthen our nation's energy security," he added. The deal is the latest the Trump administration has reached this year as Trump, a vocal supporter of the fossil fuel industry, continues his push to halt offshore wind projects. Trump has sought to boost government support for fossil fuels after campaigning for the presidency under the slogan "drill, baby, drill". Days after his return to office, he said "we're not going to do the wind thing" and called them "big, ugly windmills" that were dangerous to wildlife. In March 2026, the DoI reached a deal with TotalEnergies putting an end to the French company's offshore wind projects in the US. Instead, the firm agreed to reroute investment to build a LNG plant in Texas and to develop "upstream conventional oil" in the Gulf of Mexico.

US strikes $1.2bn deal to pay German firm to halt offshore wind projects
North America
CNBC Finance

Larry Berg named next Major League Soccer commissioner

Larry Berg has been named the next commissioner of Major League Soccer, the league announced on Monday. Berg will take the helm from longtime commissioner Don Garber next year. Garber will stay on as chairman through the end of his contact at the end of 2027. Berg is currently co-owner of MLS' Los Angeles Football Club, though he will have to sell his stake upon becoming commissioner, the league confirmed. Berg was formerly a senior partner at Apollo Global Management for three decades. At LAFC, he helped build the club into one of the most valuable MLS franchises, and won the MLS Cup in 2022. "Having worked closely with Larry over the past decade, I've seen firsthand the qualities that make him an exceptional leader, and I have complete confidence he is the right person to serve as Major League Soccer's next Commissioner," Garber said in a statement. Garber, 68, has held the commissioner position since 1999, transforming the league from a struggling startup into a multibillion-dollar sports league. During his tenure, he's grown the league from 10 to 30 clubs and overseen the development of 26 soccer stadiums. He's also attracted a new generation of owners that have led to record-high valuations. In CNBC's Official Global Soccer Team Valuations 2026, MLS franchises made up seven of the top 30 most valuable franchises in the world, led by Inter Miami at $1.6 billion. "Major League Soccer has achieved tremendous success, but I believe our greatest opportunities are still ahead. We have an extraordinary opportunity to strengthen the quality of our competition, develop more world-class players, deepen our connection with supporters, and continue elevating Major League Soccer's place in the global game," Berg said in a statement. Among Berg's first major challenges will be negotiating a new collective bargaining agreement with MLS players. The current agreement expires at the end of January 2028. He will also oversee the league's next media rights negotiations after its deal with Apple expires following the 2028-2029 season. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Larry Berg named next Major League Soccer commissioner
Europe
BBC Business

Why Trump Media's sale of fast access to market-moving social posts is controversial

From trade wars to military wars, anything the US president says can shift markets, and so teams of traders - as well as a host of automated computer systems - monitor his statements to perform trades within seconds. Trump Media & Technology Group (TMTG) now wants to charge for such market-moving information put out on its Truth Social platform. It has launched a paid service to give Wall Street firms and institutional investors the "fastest access" to the social media site's most influential accounts. TMTG has not directly said the service includes the account of the president himself, but with some 13 million followers - the most on the site - it's fair to say that his posts would be among, if not the, most influential. However, the move has prompted a series of legal questions and ethical musings, including whether it is right that a company - of which the president's family remains the majority shareholder - stands to profit from his own public statements. The service launched by TMTG is called Truth API. It is a new data feed that provides real-time access to posts in "milliseconds" from the "highest-ranking Truth Social accounts". The service was anticipated to become available to institutional customers on 1 August. The Financial Times reported, external that customers could be charged as much as $100,000 a month for high-speed access, but TMTG has not confirmed the figure. TMTG says it expects it to create a steady source of new revenue for the firm, which is currently loss-making. While anyone can pay for the service, it is mainly designed for so-called high-frequency and algorithmic trading firms - those TMTG states are "most impacted by the cost of a delay in information". For these firms, financial trading is automated. Electronic systems using algorithms buy and sell much faster and at a greater scale than humans, according to Charles Schwab. It is a case of "blink, and you'll miss it", the investment bank says. "Such systems are often designed to make just a tiny profit on each transaction, but through sheer speed and volume, they can generate large returns for their firms," it adds. There has been a wall of silence in terms of who has signed up to the service so far. TMTG says it had customers register in advance of the launch date, but has not revealed how many.

Why Trump Media's sale of fast access to market-moving social posts is controversial
Europe
BBC Business

BP's $5.7bn profit highest since 2022 as Iran war pushes up oil price

Image source, Getty ImagesByEmer MoreauBusiness reporterPublished4 August 2026, 10:04 BSTUpdated 1 hour agoProfits at BP have surged to the highest since 2022 after the war in the Middle East pushed up oil prices. The oil giant reported a profit of $5.73bn (£4.26bn) between April and June. That was more than double the $2.35bn made a year earlier and the highest quarterly profit since 2022 when the Russia-Ukraine war began. The price of crude oil has jumped since the outbreak of the Iran war earlier this year due to major disruption to global supplies of oil and gas through the Strait of Hormuz. Environmental and poverty campaigners blasted BP for "profiteering" off skyrocketing oil prices. Crude oil prices shot up after the outbreak of conflict in the Middle East, which in turn pushed up petrol and diesel prices and domestic energy costs around the world. BP said Brent crude – the global benchmark for oil prices – averaged $103.85 a barrel in the April-to-June quarter, up from $67.88 in the same period last year. The rise in the oil price has benefited all energy companies, not just BP, with rival Shell also reporting a doubling in quarterly profits last week. On Monday, US President Donald Trump said American oil firms ExxonMobil and Chevron were "making too much money". He told reporters: "I don't like it, and I should be the last one to say because I'm a big free enterprise guy. "They ought to give some of that back to the public, and they better cut the retail price, the consumer price." Despite the big rise in profits, BP chief executive Meg O'Neill said the company was not reaching its full potential. BP, which employs nearly 14,000 people in the UK, confirmed plans to move further away from clean energy, revealing plans to sell off its US renewable natural gas business Archaea.

BP's $5.7bn profit highest since 2022 as Iran war pushes up oil price
North America
CNBC Finance

Are Americans ready to embrace tiny 'cars'? These companies think so

A growing number of companies, including auto giant Stellantis, are betting Americans are ready to embrace smaller, less expensive vehicles amid yearslong affordability concerns for the U.S. auto industry. But the vehicles aren't technically "cars." They're electric low-speed vehicles, or LSVs, that are essentially a step above a traditional golf cart but below a typical light-duty car or truck sold in the U.S. "We have seen the popularity of many different form factors of electric, small low-speed vehicles continuing to grow," Keith Simon, co-founder and CEO of Waev, which owns several LSV brands such as ex-Polaris brand GEM, told CNBC. "I think it's evident by the number of new entrants across many different vehicle types. There's a lot of new players. … It's been growing significantly." Attention on such vehicles has been magnified during the past year by President Donald Trump. He has discussed opening U.S. roadways and regulations to better allow for smaller vehicles, including LSVs from Europe and Japan's "Kei cars," on U.S. roadways. "I'm giving all American car companies the right to build what are known as tiny little tiny cars," Trump said during a speech last week at General Motors' Milford Proving Grounds in Michigan. "I go over to Europe and I see these little cars all over the place and I say, 'Why aren't we making them?'" Small cars have historically not performed well in the U.S., but those involved with LSVs believe they could be a growth market for Americans who want an affordable, easy-to-drive vehicle for short distances. They also can typically be charged overnight with a traditional household outlet compared with regular, more expensive EVs that need special chargers that can cost thousands of dollars. Reliable data on the U.S. LSV market is limited since of the vehicles don't need to be registered, but they're part of a larger "micromobility" segment, which consulting firm McKinsey & Co. last year estimated could more than double in size globally by 2030. "The global micromobility market is on the upswing. McKinsey estimates that the market was worth about $160 billion in 2022; by 2030, it's estimated to reach $340 billion," according to its McKinsey's Center for Future Mobility. That includes North America's market growing from $20 billion in 2022 to $35 billion by 2030. For U.S. consumers, companies such as Stellantis' Fiat, Waev and startup Chip Motors are focusing on electric streel-legal LSVs, many of which are starting around $15,000, a fraction of the nearly $50,000 average price tag for a new traditional car or truck. LSVs vary in form and can be heavily customized, including the number of seats, electric range and available features, such as optional doors. They're typically used for short distances, often for people living in closed community settings such as retirement homes or condominium complexes. Their main competition has traditionally been golf carts, not small cars. "The use case for these kind of vehicles has become more interesting as people have evolved their lifestyles, and a vehicle like this fits into their lifestyles," Simon said. The market is loosely regulated compared with the light-duty vehicle market that dominates the U.S.. but the vehicles must not go faster than 25 mph and have to be equipped with standard safety features such as headlamps, turn signals, mirrors and a windshield that conforms to the federal motor vehicle safety standard. They're not required to have airbags and they're allowed on roadways with speed limits of up to 35 mph.

Are Americans ready to embrace tiny 'cars'? These companies think so
North America
CNBC Finance

Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams

Visa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion in cash, expanding the payment giant's push into cybersecurity as banks confront a surge in artificial intelligence-powered scams and account takeovers. Under the deal, Visa will get BioCatch's behavioral biometrics platform, which analyzes data including keystroke timing, touch screen pressure and other signals to distinguish real users from scammers and bots. Visa said it is acquiring the firm from London-based private equity firm Permira and other investors. The acquisition underscores how payments companies are racing to strengthen fraud defenses as generative AI makes attacks cheaper, faster and more convincing. Visa estimates that scams and account takeovers cost the global economy more than $1 trillion annually. The acquisition is also the latest move by Visa to expand its value-added services business, which sells fraud prevention, cybersecurity and analytics software to financial institutions and has become one of the company's fastest-growing divisions. "BioCatch will help our clients stop fraud before it reaches the point of payment," Andrew Torre, Visa's president of value-added services, said in a statement. The acquisition of BioCatch is expected to close by the end of Visa's fiscal second quarter in 2027, subject to regulatory approvals. Other financial terms weren't disclosed. While the Israeli startup said it currently protects 760 million users across roughly 350 banks, Visa's global rails connect nearly 14,500 financial institutions, processing over 329 billion transactions annually worth more than $17 trillion. In a blog post accompanying the announcement, BioCatch said joining Visa will allow it to scale its impact amid a rising tide of global fraud. "The reality is, as a society and industry, we are not winning this fight," the firm said. "The value of fraud and scam losses and the number of fraud and scam attempts, mule accounts, and victims of these financial crimes all continue to grow (in some cases, exponentially) every year, all around the world." Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams