The Cabinet is likely to approve a Rs 25,000 crore scheme for semiconductor manufacturing in the country, ET Now reported on Wednesday. The announcement is expected to come out in the afternoon after a Cabinet meeting, which is underway, concludes.

In May, Finance Minister Nirmala Sitharaman said that the Centre is prioritising attracting more investments in India by expanding the production-linked incentive (PLI) schemes to include semiconductors and components.

The India Meteorological Department (IMD) on Wednesday sounded a Red alert as cyclone 'Biparjoy' warning for the Saurashtra and Kutch coasts in Gujarat.

It is very likely to move nearly northeastwards and cross Saurashtra and Kutch and adjoining Pakistan coasts between Mandvi (Gujarat) and Karachi (Pakistan) near Jakhau Port (Gujarat) by the evening of June 15, informed the IMD.

Sanjive Narain, the owner of Assam's oldest news channel, and Sanjay Aditya Singh, the promoter of a cabin crew training academy, are launching a regional airline with business and premium economy service in northeast states.

Jettwings Airways will be based in Guwahati and will connect places with twin class Embraer E175 aircraft. The airline plans to launch in October after securing an initial no objection clearance from the civil aviation ministry.

Shares of One97 Communications (Paytm) hit a 52-week high of Rs 854.90, gaining 2 per cent on the BSE in Wednesday's intra-day trade. In the past six trading days, the stock of the fintech company has rallied 20 per cent after brokerage firm BofA Securities upgraded the stock to 'buy' citing its dominant position in the payment industry. The foreign brokerage firm has upgraded the target to Rs 885 per share.

At least nine people died, while ten others were injured in fresh violence reported in Agijang village on the border between Imphal East and Kangpokpi districts in Manipur on Tuesday.

According to the police, firing was reported after a group of armed assailants descended upon the area and launched an attack, police said on Wednesday.

Shares of Vodafone Idea leaped 10 per cent to Rs 8.48 apiece on the BSE in Wednesday's intra-day deals amid reports that promoters are planning to infuse funds in the debt laden telecom company.

At 9:53 AM, shares of the telecom services provider were ruling 5.6 per cent higher at Rs 8.14 per share as against 0.18 per cent dip in the benchmark S&P BSE Sensex. A combined 210.73 million shares had changed hands on the counter on NSE and BSE till the time of writing of this report.

Cummins India Ltd has received its CPCB IV+ compliance certification from the Automotive Research Association of India (ARAI) effective from July 1.

The certification shows that the company can provide its customers with various CPCB IV+ emission norms-compliant gensets.

The National Commission For Scheduled Castes has served a notice to online food delivery aggregator Zomato for portraying a Dalit character in one of its ad campaigns for World Environment Day, a report by NDTV said.

A government panel has now announced that it will investigate the matter and has also issued a notice to Zomato founder Deepinder Goyal, the report said.

Bharti Airtel and Reliance Jio are competing for Vodafone Idea’s postpaid customer base in the international roaming services sector.

Vodafone Idea, also known as Vi, has been facing financial troubles and striving to retain its customers. According to data released by the Telecom Regulatory Authority of India (Trai), Vi lost 1.21 million wireless users during the month of March and its mobile subscriber base decreased to 236.7 million in March from 237.9 million in the previous month.

A day after market regulator Sebi barred Zee promoters Subhash Chandra and CEO Punit Goenka from holding key positions, Zee Entertainment Chairman R Gopalan said the board was reviewing the order.

"The Board is currently in the process of reviewing the detailed order, and appropriate legal advice is being sought in order to take the next steps as required.

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