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The Mohali-based chipmaker is also preparing for a rapid scale up of its strategic partnership with Germany’s Infineon, and the first devices are expected to roll out within months. This quick ramp up is backed by CDIL’s infrastructure and existing customer approvals across industries.
Applicants who previously applied for the schemes are now eligible to submit applications under the Modified Scheme.
Fed would reiterate its hawkish stance in the coming meetings as well. While a 75-basis-point hike is widely expected in the July meet, another 75-bps hike during the September meet cannot be ruled out
Gold prices have touched a six-month high on account of changing structural dynamics
One of these projects is a centre which would have a simulated virtual reality mine to provide training
An index of manufacturing activity retreated from a 2-1/2-year high in March amid modest declines in new orders and production, but a surge in manufacturing jobs indicated that the sector's energy-led recovery was gaining momentum.
US private job growth slowed in July, but a surge in services industry activity to a near-decade high suggested solid economic momentum that strengthens the case for a Federal Reserve interest rate hike this year.
U.S. futures point to lower open ahead of ADP jobs report, ISM
Factory activity expanded around the world, several business surveys showed, with Chinese manufacturers reporting the fastest upturn in 18 months. The Institute for Supply Management (ISM) said on Friday its index of US factory activity rose to 56.4 in October, its best reading since April 2011.
According to M Cary Leahey, the Federal Reserve is likely to pullback monetary stimulus as long as the US jobs data improves.
Japan's Nikkei share average climbed 1.3 percent to a 53-month high on Monday, led by exporters after data showed surprisingly strong US manufacturing and consumer sentiment.
Traders expect October to give the markets a scare, starting with news on the economy and jobs in the week ahead.
