india semiconductor manufacturing

Morgan Stanley initiates coverage on CG Power, sets Rs 799 target; stock jumps 4%

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Morgan Stanley initiates coverage on CG Power, sets Rs 799 target; stock jumps 4%

Global brokerage Morgan Stanley initiated coverage on CG Power and Industrial Solutions, a multibagger that has delivered 3,252.67% returns in the past five years, with an ‘Overweight’ rating and a target price of Rs 799. Following this, the stock advanced 4.3% to an intraday high of Rs 724 on the BSE on Monday. Morgan Stanley … Read more

India Outlines $10-Billion Plan to Woo Global Chip Makers

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India Outlines -Billion Plan to Woo Global Chip Makers

India has approved a $10 billion (roughly Rs. 76,090 crore) incentive plan to attract semiconductor and display manufacturers, technology minister Ashwini Vaishnaw said on Wednesday, as part of a deepening push to establish the country as a global electronics production hub. Under the plan, the government will extend fiscal support of up to 50% of a project’s … Read more