Tata Group is set to inaugurate India's first semiconductor fabrication unit in Assam, aiming for commercial production by 2026. Chairman N. Chandrasekaran disclosed plans to start chip manufacturing at 28 nanometres, serving various sectors. The venture, part of India's approved semiconductor projects, includes Tata-PSMC's facility in Dholera, Gujarat. With a total investment of ₹1.25 trillion, the initiative anticipates creating over 50,000 jobs. Industry experts praise the move, noting its significance in establishing India as a global semiconductor hub and ensuring technological sovereignty. Chandrasekaran emphasizes the industry's pivotal role in advancing multiple sectors and reducing dependency on international supply chains.

Malaysia Airlines is increasing its flight capacity to India by over 25% in 2024, responding to a surge in international traffic from India. With load factors exceeding 80% on India routes, the airline aims to carry approximately 2 million passengers from India-based destinations in FY24. Recent enhancements include new routes to Amritsar, Trivandrum, and Ahmedabad, with plans to further expand to northeastern and southern destinations. Additionally, the airline seeks deeper codeshare agreements with Indian carriers, building on its interline agreement with Vistara.

SpiceJet witnesses the departure of Chief Commercial Officer Shilpa Bhatia and Chief Operating Officer Arun Kashyap as they resign amidst the airline's revival efforts. Bhatia and Kashyap are speculated to venture into their own charter airline business, having previously co-founded Sirius India Airlines Pvt. Ltd. Kashyap, with extensive experience in airlines, notably departed SpiceJet in 2022 to join Air India, returning within a year. SpiceJet, amidst a restructuring phase and receiving Rs 1,000 crore funding, is set to lay off nearly 800 employees to streamline costs.

Bitcoin reaches an all-time high of $70,000, with traders diversifying into memecoins for greater returns. Dogecoin and Pepe see significant gains, while Ether approaches $4,000. Analysts predict a shift towards altcoins amidst Bitcoin consolidation. Ether's surge is fueled by anticipation of SEC approval for exchange-traded funds. Memecoins, like Shiba Inu and Dogecoin, gain traction among retail investors, positioning newer tokens for growth. Analysts anticipate emerging narratives driving the altcoin market. Despite lack of traditional fundamentals, memecoins offer high returns, reflecting the evolving landscape of cryptocurrency investment.

India's Union cabinet is set to review an agreement with the European Free Trade Association (EFTA), possibly announcing the first formal free trade deal on Sunday. The deal includes duty-free access for India's animal products, fish, processed food, and vegetable oils. EFTA nations - Iceland, Liechtenstein, Norway, and Switzerland - propose a $100 billion investment in India, potentially creating a million jobs. The agreement, under negotiation since 2008, offers immediate duty elimination on 40% of trade lines. Experts anticipate gains in services and investment, marking a significant achievement for India if the plan proceeds.

Fly91, a new airline co-founded by former Kingfisher Airlines senior executive Manoj Chako, has been granted the Air Operator's Certificate (AOC) by the Directorate General of Civil Aviation (DGCA). The airline, operating under the brand name FLY91, successfully completed its inaugural flight from Manohar International Airport, Mopa in Goa to Bengaluru on March 2. With its NOC obtained in April last year and recent completion of test flights, Fly91 is poised to connect tier 2 and tier 3 towns across India, marking a significant milestone in India's aviation sector.          

Apple faces a £1.5bn fine from the EU for favoring its own music streaming service, causing iPhone and iPad users to pay higher prices for subscriptions. The European Commission revealed that Apple withheld information about cheaper alternatives for over a decade. The penalty follows a complaint by Spotify, leading to a five-year investigation. Apple is accused of abusing its dominant position, preventing app developers from informing users about cost-effective subscription options. In response, Apple pledges to allow European iPhone users access to alternative app stores and payment systems. The fine, though significant, accounts for only 0.5% of Apple's global revenue.

Tata Motors' board greenlights the demerger plan, segregating the company into two distinct listed entities: commercial vehicles and passenger vehicles. Shareholders will maintain identical ownership in both entities. The move follows earlier subsidiarisation of PV and EV businesses in 2022, aimed at enhancing growth and agility. Tata Group chairman N Chandrasekaran highlights independent operations of the three automotive units, expecting the demerger to optimize opportunities. The process, facilitated by an NCLT scheme, anticipates completion in 12-15 months without adverse impact on stakeholders.

Reliance Industries, Walt Disney Co, and Viacom18 Media Pvt Ltd have officially inked agreements to merge their Indian media operations, creating a colossal Rs 70,000 crore entity. In this joint venture, Viacom18's media assets will integrate into Star India Pvt Ltd, with Reliance holding a dominating 63.16% stake, while Disney will have the remaining 36.84%. Reliance's investment of Rs 11,500 crore will bolster the venture's OTT business. The collaboration aims to become a major force in TV and digital streaming, boasting over 750 million viewers, promising diverse content and an innovative digital entertainment experience at affordable prices.

Shveta Sharma alleges fraudulent activities by an ICICI Bank manager, claiming she was duped of ₹13.5 crore. Having transferred funds from her US account for fixed deposits, she expected returns to exceed ₹16 crore. Sharma asserts the manager provided fake statements and altered her contact details to prevent withdrawal notifications. ICICI Bank suspends the accused pending investigation, assuring Sharma of full restitution upon verification. However, the bank highlights discrepancies, suggesting Sharma should have noticed irregularities earlier. An ongoing complaint with the Economic Offences Wing aims to unravel the complex case, underscoring the need for vigilance in financial transactions.