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Smartphones emerge as bright spot for Indian manufacturing

Thursday, October 25, 2018, 9:43 AM

India - Smartphone-maker Lava is a small player in India's booming mobile communications industry, but it has become a poster child for Prime Minister Narendra Modi's ambitious effort to make India a global hub for electronics manufacturing. Now it builds its own devices at two factories on the outskirts of New Delhi that employ about 3,500 people, and expansion plans are in the works.
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Nobel prize in economics awarded to William Nordhaus and Paul Romer

Monday, October 8, 2018, 4:00 PM

American economists William D Nordhaus and Paul M Romer were awarded the 50th Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel on Monday for innovation, climate and economic growth. While William was recognised for his work on climate economics, Romer was awarded for his work on endogenous growth theory. They will share a $1-million cash prize.

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