kaynes technology

Indian stock markets saw a big jump. This happened after US President Trump paused some tariffs. The Sensex and Nifty both rose significantly. Investors feel more confident because of this change. India is also seen as a safe place to invest. Some sectors like auto and banking did well. People are watching to see what Trump does next with tariffs.

Proceeds from the fresh issue will be used to repay debt, funding capital expenditure for its manufacturing facilities at Mysore and Manesar and for working capital requirements.

Mumbai-based integrated electronics manufacturer kaynes technology is investing Rs 2,800 crore in setting up a semiconductor OSAT (outsourced semiconductor assembly and test) manufacturing and compound semiconductor facility in Telangana.

The company has cut the fresh issue size to Rs 530 crore from Rs 650 crore planned earlier. Besides, there would be an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder.

The issue kicked off for subscription on Thursday, November 10 and closed on November 14. The IPO was subscribed over 34 times on the last day of bidding.

Gujarat plans to establish its first overseas office in Taipei City to attract investment in the semiconductor and tech sectors. Key global companies, particularly from Taiwan, are setting up in Gujarat. Significant semiconductor projects are already underway, including a packaging cluster and a fab by TATA Electronics. An Indian Semiconductors Conference is also planned.

On March 13, 2013, India had to destroy its nuclear-ready cruise missile Nirbhay which was on its first flight trial.

On March 13, 2013, India had to destroy its a nuclear-ready cruise missile ‘Nirbhay’ during its first flight trial after it deviated from its intended course, creating fear.

Wall Street's main indices ended Monday roughly down amid fears that China could resume stricter measures to fight Covid-19 after it said it faces its most severe test of the pandemic.

Noida is poised to become a major semiconductor hub with two significant investments approved. Tarq Semiconductors, a Hiranandani Group venture, will invest Rs 27,000 crore in a 'fab' facility, while Vama Sundari Investments (HCL Group) will invest Rs 3,700 crore.