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Tatas’ online retail platform Tata Cliq is likely to be integrated with Tata Neu super app and made a subsidiary of Tata Digital as the group seeks to consolidate its major ecommerce ventures under this entity, officials close to the development told ET.At present, Tata Cliq is run by Tata UniStore that is jointly owned by Tata Industries and the group’s lifestyle retail venture Trent.Tata Cliq has exited the consumer electronics category, which formed 50-55% of its business, and its consumer electronics, smartphones and appliances division has been integrated with Croma, Tatas’ flagship consumer electronics retail chain, officials said.Croma will be the primary entity enabling sales of electronics on Tata Neu app.“The group is still evaluating how to position Tata Cliq,” said senior executive at one of the group companies said. “For instance, its presence in categories like electronics was a conflict of interest for Tata Neu and Croma and hence it had to exit this category to focus on lifestyle and luxury categories where it has built a niche.”Emails sent to Tata Cliq and Tata Digital remained unanswered till press time Thursday.The holding company of Infiniti Retail, which owns Croma, has been recently changed from Tata Sons to Tata Digital, which is becoming the front face for all ecommerce business of the group.

Chip Makers Stall On Building New Semiconductor Plants As Subsidies Bill Languishes The Biden administration is laser-focused on sending Ukraine billions of dollars in weapons, including the latest round of anti-ship systems, artillery rockets, and rounds of 105 mm ammo for howitzer cannons that it has entirely lost focus on reshoring efforts to boost semiconductor production Stateside. Multiple manufacturers of semiconductor wafers have announced plans for new multi-billion dollar factories across the U.S. but are contingent on Congress allocating funds to aid in building facilities under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. Congress passed the CHIPS Act in January 2021 as part of last year''s National Defense Authorization Act, which proposed $52 billion in funding for increasing the domestic capacity of chip production, though the House and Senate have come to a standstill over disagreements on certain parts of the bill that have sparked so much uncertainty among companies set to build new factories.

Worries over higher interest rates drove investors into safer and slower-growing pockets of the economy in the second quarter as Tesla stock cratered 37%.

Three corporate giants that pledged to pay for employees to travel for reproductive medical care also contributed to the campaigns of anti-abortion governors.