Latest news with #DLI
Business Recorder
3 days ago
- Business
- Business Recorder
World Bank extends ASPIRE programme by 3 years
ISLAMABAD: The World Bank (WB) has extended the Actions to Strengthen Performance for Inclusive and Responsive Education (ASPIRE) Program by three years with an additional financing of $33 million to support the government to respond to school disruptions caused by various crises, expand access and improve education quality; and enhance sector resilience and management through better coordination, with focus on lagging districts. Official documents revealed that the new closing date for the programme is set to be June 30, 2028. The progress towards achievement of project development objective, as well as, overall implementation progress has been rated satisfactory. The ASPIRE programme has been successfully completed and verified. Key achievements under this reporting period include completion of 2,094 classrooms under DLI 7 (Number of classrooms for grades 6–8 built or rehabilitated in lagging districts) and construction of 1,000 improved school WASH facilities under DLI 8 (Number of schools in lagging areas with improved WASH facilities). Comprehensive teacher training programs on distance learning, foundational literacy, accelerated learning programs, and formative assessment have been delivered under DLI 9 (Implementation of teacher training programs). The Federal Finance Department released US$30 million for FY25 ASPIRE implementation under DLR 10.5 (NEEP budget allocation and release). World Bank's Benhassine lauds Pakistan's economic turnaround The National Online Data Portal has been made operational in June 2025 under DLR 11.1 (Implementation of a functional national open-source data platform), while DLR 11.2 (Standardized data collection, analysis, and public release) has been completed with results from the 2023/24 Annual School Census publicly released in May 2025. Participation in the international Literacy and Numeracy Assessment has been achieved under DLR 12.3 (Participation in an international assessment covering math and language competencies), and foundational learning policies have been notified across provinces under DLR 13 (Notification of foundational learning policies in provinces). All completed DLIs and DLRs have been verified by the Independent Verification Agent (IVA). ASPIRE has been extended by three years with an additional financing of US$33 million, of which US$3 million is under the IPF. The new closing date is June 30, 2028. The proposed additional financing builds on the accomplishments of ASPIRE by: (i) expanding the program's scope and scaling up interventions that have demonstrated positive impact; and (ii) piloting a time bound performance-based transfer mechanism between the federal, provincial, and district governments. Six new DLRs have been introduced to ensure continued impact under the ASPIRE program, these include: i) DLR 1.2: Well-being and nutrition plans/ policies are developed and approved, ii) DLR 13.2: FLN policies implemented in 25 percent of primary schools in lagging districts, iii) DLR 11.3: Horizontal integration of all education data at the provincial level is completed and reported in NODP, iv) DLR 12.4 Provincial assessment frameworks are aligned with NAT and approved by the IPEMC, v) DLR 14.1 OOSC CF design is approved, vi) DLR 14.2 OOSC CF is established. Copyright Business Recorder, 2025
Mint
03-07-2025
- Business
- Mint
Made in India semiconductor chips are in focus. Watch out for these 5 stocks
There is big news from the Indian semiconductor sector. Kaynes Semicon, a subsidiary of Kaynes Technology, is setting up an outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat. It has secured its first anchor client in the US, Alpha & Omega Semiconductor (AOS) and has developed the first Made in India prototype chip sample. The sample will now be sent for qualification to AOS in August. It's the first company in India to reach this important milestone. In September 2024, the government had approved five companies under the Indian Semiconductor Mission (ISM) to set up facilities to kickstart the semiconductor manufacturing ecosystem in India. To that end, Kaynes has set up a 1,000 sq. ft. OSAT facility in Sanand CG Power and Micron Technology also have facilities there. As per media reports, Kaynes will begin production – the commercial rollout of Made in India chips – in the first quarter of next year, i.e. 2026, after it the qualification process is complete. It's plant has an initial capacity of 1.5 million chips per day. The company has invested about $22 crore for the same. It will invest another $22 crore to make more complex chips once the initial capacity is up and running. Kaynes has a five-year agreement with AOS for about 60% of the initial capacity. The company is in talks with many global chip firms for OSAT. These are the likes of ST Microelectronics, Broadcom, Intel, ROHM Semiconductor, Infineon Technologies and others. This news has once again ignited interest in Indian Semiconductor stocks. Here are five Indian semiconductor companies you should have on your watchlist… #1 Moschip Technologies Moschip Technologies is a semiconductor and system design services company. The company has over two decades of experience in silicon design and embedded solutions. The company operates across the entire chip design spectrum from concept and architecture to final silicon and system validation. It specialises in ASICs, SoCs, VLSI design and embedded software. Over the years, Moschip has become an important part of in India's semiconductor ecosystem. Due to the company's strong position in chip design, it was one of the early beneficiaries of the Design Linked Incentive (DLI) scheme of Indian government. Due to this and the booming demand for semiconductors in AI and high-performance computing, the company has shown strong growth over the last few years. Moschip Technologies Share Price – 1 Year Source: Equitymaster In July 2024, MosChip secured a ₹5,000 crore contract from C-DAC to design a high-performance computing (HPC) System on Chip (SoC) using 5 nm technology. The four-year engagement gave it a major leap and also includes long-term support and maintenance. In October 2024, where the company was inducted as an AI/ML design partner in the Renesas RZ partner ecosystem. This was a big development considering Renesas' strong position in the global semiconductor ecosystem. MosChip is currently focused on RISC-V architecture, HPC processor development, and custom IP design. While it's not into semiconductor manufacturing, its fabless design-first business model is scalable and asset-light. #2 Tata Electronics Tata Electronics is part of theTata Group. The company has expertise in manufacturing precision components. It's setting up a ₹27,000 crore OSAT facility in Jagiroad, Assam. Scheduled to become operational by mid-2025, this groundbreaking plant will generate approximately 27,000 jobs, with 15,000 direct positions and an additional 12,000 indirect roles. The company is also setting up India's first wafer fabrication (fab) unit in Dholera, Gujarat. This ambitious project will produce 50,000 wafers per month at an investment of ₹91,000 crore, and the first chips are expected by December 2026. The Tata sees semiconductors as a strategically important sector for long-term growth. Latest media reports suggest the company has sent around two hundred employees to Taiwan for hands-on training at the plant of the company's partner Powerchip Semiconductor. #3 Cyient Cyient is a technology company based in Hyderabad. It has over three decades of experience in engineering and software. The company is investing in chip design, digital engineering, and intelligent manufacturing via its new subsidiary, Cyient Semiconductors. This company is focused on end-to-end chip design, ASIC development, and embedded systems. Cyient's competitive advantage is in its expertise across sectors like transportation, communication, energy, aerospace, and healthcare. Cyient Share Price – 1 Year Source: Equitymaster The company's DET (digital, engineering & technology) business line complements its semiconductor aspirations, with a portfolio that includes design, prototyping, and system-level integration. In FY25, the DET business clocked revenues of $68.8 crore, with $37 crore in large deal wins in the year. #4 Kaynes Technologies Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for clients in automotive, industrial, aerospace and defence, space, nuclear, medical, railways, internet of things, IT and others. It specialises in delivering 'build to print' and printed circuit board assemblies (PCBA) to original equipment manufacturers (OEM). The company also offers a wide range of solutions, including smart metering technology, smart street lighting, and IoT solutions for smart consumer appliances and devices for original design manufacturers (ODM). Kaynes Technology Share Price – 1 Year Source: Equitymaster The company's subsidiary Kaynes Semicon is setting up an OSAT facility which will have the capacity to produce 6 million chips per day after fully scaling up. The chips will cater to a wide range of industries, including industrial, automotive,electric vehicles (EV), consumer durables, and telecom. It has already formed partnerships with key players in the semiconductor ecosystem, which will help accelerate its growth. #5 CG Power & Industrial Solutions CG Power and Industrial Solutionshas been part of theMurugappa Groupsince 2020. It's engaged in the design, manufacturing and marketing of products related to power generation, transmission, and distribution & rail transportation. The company has two business divisions namely industrial systems, and power systems. The former caters to motors and drives, and railways, whereas the latter caters to power industry and is used in transformers switchgears and allied products. CG Power and Industrial Solutions has recently entered into a joint venture with Renesas Electronics and Stars Microelectronics to establish an OSAT facility in India. The facility is expected to manufacture 15 million chips daily and will focus on packaging, assembling, and testing semiconductor chips for various applications, including consumer electronics, automotive, industrial, and power sectors. CG Power Share Price – 1 Year Source: Equitymaster To know more about the company, check outCG Power's financial factsheetand itslatest quarterly results. Conclusion Under Semicon 2.0, the government is doubling down on its semiconductor ambitions, aiming for a 5% share of global chip production by 2030. Back in 2021, India announced a $10 billion incentive package to build its semiconductor ecosystem from the ground up. That money is now finally moving. Funds are being disbursed, and five projects-across chip fabrication, OSAT, and ATMP have already been approved under the scheme. The idea is to pull in global chip players while also creating space for homegrown champions. If things go to plan, this policy shift could open up real opportunities for investors looking atIndia's semiconductor value chain. As policy incentives expand and chip demand rises, the companies mentioned here should benefit. However, this is a highly complex industry filled with numerous risks. The sector is also cyclical as well as capital intensive. Thus, investors considering investments in semiconductor stocks will have to keep their enthusiasm in check and be extremely careful. Investors should closely track company performance, policy developments, corporate governance, along with global semiconductor trends before making any investment decisions. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated
India Gazette
16-06-2025
- Sport
- India Gazette
Dream League of India strategist meets TCAI officials in Gwalior, discusses future pathway
Gwalior (Madhya Pradesh) [India], June 16 (ANI): Chetanya Nanda, the Chief Strategist of the Dream League of India (DLI), met with the Tennis Cricket Association of India (TCAI) Gwalior district general secretary to discuss the league's expansion and the upcoming season. The meeting also reviewed the recently concluded Tennis Cricket Federation Cup in Panipat. Launched by Servotech Sports in May 2025, the Dream League of India is India's first-of-its-kind national-level tennis ball cricket league, aimed at creating a structured, competitive ecosystem for grassroots tennis ball cricket across the country. Speaking on the sidelines of the meeting, DLI Chief Strategist Chetanya Nanda said, ' Had a very productive meeting with Mr. Aved Khan regarding the recently held Federation Cup and our road map for Dream League of India. We are aligned in our vision of taking tennis cricket to greater heights.' The Federation Cup was organised by the Tennis Cricket Association of India (TCAI), a member body of the International Tennis Cricket Federation( ITCF). Players for the Indian team slated to feature in the International Tennis Cricket series (against Russia and Poland) were to be picked from the Federation Cup. The Dream League of India (DLI) will now carry that momentum forward. Players featuring in the tournament will get the chance to represent India in the Tennis Cricket Ball World Cup and the Asia Cup. Scouts will keep a close eye on the Dream League of India as the tournament will be played across the country and will form a basis for the selection of players to represent India in the Tennis Cricket Ball World Cup and Asia Cup. The Dream League of India will be for both juniors (13-18) and seniors (18+), with six franchises participating across both categories. To play in the Dream League of India, player can register themselves on the league's official website or Starzpit App for the nationwide open fair trials, conducted across multiple districts and centres under the supervision of over 1,500 certified coaches. The core objective of the Dream League of India is to identify and nurture high-potential grassroots talent within the tennis cricket community. Top-performing players will gain exposure to national and potentially international opportunities through affiliations with the International Tennis Cricket Federation (ITCF). For Dream League of India, 860 junior and 860 senior players will be shortlisted for the auction, where six franchises per category will select their squads. Players shortlisted from the fair trials will enter the Dream League of India auction. Top performers stand a chance to be scouted by the International Tennis Cricket Federation (ITCF) selectors to represent Team India in tennis cricket at the big stage. Moreover, unsold players in the Dream League India (DLI) auction will compete in the country's biggest Inter-Zonal Tournament(best performers will get a platinum card to qualify for season 2 of DLI), with zonal champions advancing to an All-Zonal Championship. The winning team will face the Season 1 Franchise Champion in the Season 2 opener, ensuring every player gets a pathway to recognition and national glory. Bollywood actor Sonu Sood has been appointed as the League Commissioner for the Dream League of India. Joining the league as one of the 6 celebrity faces is acclaimed music icon Salim Merchant. (ANI)
Yahoo
14-06-2025
- General
- Yahoo
History hub has 'key role in present and future'
More than 120,000 people have visited a history centre in its first year of operation. The Story, in the restored Grade II listed Mount Oswald Manor House on the outskirts of Durham city, houses the county's archives going back nine centuries. The hub has a permanent, interactive exhibition space telling the story of the county and its people as well as being a venue for weddings and civil partnerships. Councillor Lyndsey Fox, cabinet member for economy and partnerships, said: "The Story may be the gateway to County Durham's past, but the last year has demonstrated its important role in our present and future too." The oldest document in the collection dates from 1122 and is a deed of land transfer from the Bishop of Durham. The centre also houses 15,000 objects from the Durham Light Infantry (DLI) following the closure of a dedicated museum in 2016. The collection includes the medals awarded to four brothers, thought to be one of the most-decorated families of World War One. Since 14 June last year, more than 2,000 births have been registered at the facility with more than 2,100 notices of marriage or civil partnership granted. Fox added: "I'm delighted The Story has enjoyed such a successful year and I would like to thank the staff and volunteers for their hard work. "I know the team has some amazing plans in store for future so this really is just the start. "It's state-of-the-art facilities and exhibitions are empowering people to discover more about their personal histories and connect with our region's heritage in new and exciting ways." Mount Oswald was built in the early 19th Century and was most recently used as a golf club before planning permission for The Story was granted in 2020. Follow BBC Sunderland on X, Facebook, Nextdoor and Instagram. WW1 hero's medals reunited with family archive History hub with records spanning 900 years opens Service commemorates museum closure The Story
India Gazette
01-06-2025
- Sport
- India Gazette
Dream League of India backed Federation Cup to be played from June 4 to June 6 in Panipat
Panipat (Haryana) [India], June 1 (ANI): Dream League of India (DLI) backed sixth Tennis Cricket Federation Cup will be played from June 4 to June 6, here in Panipat. 12 Teams from across the country will be participating in the Federation Cup from June 4 to June 6, in a day-night set-up. The Federation Cup is being organised by the TCAI, a member body of the International Tennis Cricket Federation( ITCF). Players for the Indian team slated to feature in the International Tennis Cricket series (against Russia and Poland) will be picked from the Federation Cup. Speaking about the same, Kanhiya Gurjar, president Tennis Cricket Association of India (TCAI), said, as quoted by the Dream League of India press release, 'We are thankful to the Dream League of India for sponsoring our tournament and backing us. Their support will be pivotal in shaping the future of tennis cricket. With their backing, we aim to add more professionalism and recognition to this exciting format, providing players with greater opportunities and exposure.' The 12 participating teams are from Uttar Pradesh, Maharashtra, Jharkhand, Goa, Bihar, Telangana, Chhattisgarh, Vidarbha, Haryana, Rajasthan, Mumbai, Madhya Pradesh. Speaking about the Federation Cup, Chetanya Nanda, Chief Strategist, Dream League of India, said, 'We are happy to sponsor the Federation Cup and look forward to witnessing the talent that will be unearthed. We believe in the future of tennis cricket, and this Federation Cup is a step towards nurturing and developing the next generation.' 'We will keep sponsoring grassroots tournaments like these in future to promote and give exposure to players from small districts. Keep an eye on our website for our upcoming Dream League of India tournament,' he added. Players featuring in the Dream League of India will get the chance to represent India in the Tennis Cricket Ball World Cup and the Asia Cup. Scouts will keep a close eye on the Dream League of India as the tournament will be played across the country and will form a basis for the selection of players to represent India in the Tennis Cricket Ball World Cup and the Asia Cup. The Dream League of India will be for both juniors (13-18) and seniors (18+), with six franchises participating across both categories. For Dream League of India, 860 junior and 860 senior players will be shortlisted for the auction, where six franchises per category will select their squads. Players shortlisted from the fair trials will enter the Dream League of India auction. Top performers stand a chance to be scouted by International Tennis Cricket Federation (ITCF) selectors to represent Team India in tennis cricket at the big stage Moreover, unsold players in the Dream League India (DLI) auction will compete in the country's biggest Inter-Zonal Tournament(best performers will get the platinum card to qualify for season 2 of DLI), with zonal champions advancing to an All-Zonal Championship. The winning team will face the Season 1 Franchise Champion in the Season 2 opener, ensuring every player gets a pathway to recognition and national glory. Bollywood actor Sonu Sood has been appointed as the League Commissioner for the Dream League of India. Joining the league as one of the 6 celebrity faces is acclaimed music icon Salim Merchant. (ani)
