Udupi, Jan 16: The historic city of Barkur, which was the capital of Alupa's during their rule in the Tulunadu, is getting set for the Alupa Utsava, which will be held from January 25 to 27. Hence, the cleaning process at the Barkur Fort has been initiated.
Alupas, who ruled in Tulunadu during the 11th century, had shifted their capital from Udyavara to Barkur.
The Alapa Utsava is being funded by the Kannada and Culture Department.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
New Delhi: The Adani Group has reportedly paused its discussions with Israel’s Tower Semiconductor for a proposed $10 billion chip project, citing concerns over the project's strategic and commercial viability.
According to a Reuters report, the decision to pause talks was made after Adani Group’s internal assessment flagged uncertainty about how much demand, particularly in India, the business can generate.
"It was more of a strategic decision. Adani evaluated it and decided, let's wait," news agency Reuters quoted its source as saying.
Another source revealed that the Adani Group was not satisfied with the amount of financial contribution Tower was willing to make into the partnership. Tower was to provide technological expertise in the deal, but "Adani wanted Tower to have more skin in the game" in financial terms, the source added.
The semiconductor facility, announced in Maharashtra last September, was envisioned to produce 80,000 wafers per month and generate approximately 5,000 jobs.
The report further noted that Adani’s rethinking of the plans could be another potential blow to Indian Prime Minister Narendra Modi’s "Make in India" initiative aimed at promoting the semiconductor industry.
Meanwhile, India still lacks an operational chipmaking facility. A proposed $19.5 billion joint venture between Indian conglomerate Vedanta and Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, was called off in July 2023 due to concerns from the central government over rising project costs and delays in incentive approvals.