niftify.in

CNBC TV18

Apollo Micro Systems shortlisted by DRDO for PRACHAND order

The company has also secured a ₹5.72-crore order from Reliable Technosystems India for the supply of electronic modules. Shares of Apollo Micro Systems Ltd ended at ₹109.90, up by ₹3.05, or 2.85%, on the BSE.

Business Standard

Street awaits US Federal Reserve's first interest rate cut in 4 years

History suggests that the start of a rate-cut cycle alone is not a reliable trigger for market rallies

The Economic Times

The broken relationship between market-cap and GDP

The traditionally reliable Buffett indicator is signaling trouble in the USA, with the market-cap-to-GDP ratio hitting an all-time high of 2x. This surpasses the 1.4x ratio seen just before the GFC in 2008 and the dot-com bubble in 2000. India is also in a high range with a ratio of 1.3x, the highest in over a decade, but still below the 1.7x recorded in 2008 and the 2.2x peak in 1992.

Business Standard

Epsilon Advanced Materials plans Rs 9,000 cr anode facility in K'taka: MD

Battery materials manufacturer Epsilon Advanced Materials is planning to set up a Rs 9,000-crore anode plant in Karnataka with an annual production capacity of 90,000 tonne, a top official of the company said. The investment in the plant would be made in two phases. In the first phase, Rs 4,000 crore would be invested and the remaining Rs 5,000 crore would be pumped in in the second phase, Epsilon Group Managing Director Vikram Handa said. "So, we are looking to build a 30,000-tonne anode plant in India by Q4 2026, which will entail an investment of about Rs 4,000 crore. The plant will be scaled up to 90,000 tonne (capacity) by 2031. The total capex outlay is Rs 9,000 crore for our annual business in the next eight years," Handa explained. With increasing demand of electric vehicles in India, there is a need for Indian cell manufacturing companies to set up battery plants in the country. Epsilon products will act as a sustainable and reliable supplier of anode and cathode material t

The Economic Times

Rural broadband project lags over planning glitches

BharatNet aims to provide broadband connectivity across rural India but faces delays and increased costs. Equipment worth crores is poorly stored in village panchayat buildings. The government plans improvements and expansions, including connecting an additional 47,000 gram panchayats in Phase 3. Changes include better network architecture and upgraded technology for reliable service.

Business Standard

L&T Semiconductor Technologies, IBM ink pact to develop advanced processors

Under the collab, both IBM and L&T Semiconductor Technologies anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable computing for range of apps

The Economic Times

L&T Semiconductor Technologies, IBM to collaborate in R&D to design advanced processors

L&T Semiconductor Technologies and IBM have announced a collaboration to design advanced processors, focusing on innovation, functionality, and performance. The partnership aims to develop reliable, secure, and scalable computing solutions for various applications. This initiative was revealed at the SEMICON India 2024 event. L&T Semiconductor Technologies is a fabless semiconductor product company based in India.

The Economic Times

Monkeypox RT-PCR Test: A step-by-step guide for accurate results

Discover how to accurately use the Monkeypox RT-PCR test kit: from sample collection to handling and lab processing. Ensure reliable results with these essential steps.

The Economic Times

Railways, Amazon sign deal to scale up use of train network for faster delivery of customer packages

Amazon India and the Indian Railways have signed an MoU to strengthen their parcel transportation partnership. The agreement focuses on creating a hub-and-spoke model, enhancing transit times, and expanding parcel volumes via railways. The collaboration aims to streamline logistics for the e-commerce sector, ensuring faster and more reliable deliveries across India.

CNBC TV18

TCS extends partnership with international retailer Primark to transform, grow its operations

TCS Share Price | As per the expanded partnership, TCS will help improve the retailer's technology operating environment to make it more resilient, reliable and efficient. It will help reduce time-to-market for the retailer, align with its strategies for future growth. TCS said it will help Primark adopt a more agile and product-based operating model by enabling automation through intelligent automation and DevOps technologies. The new operating model will integrate and optimise application development, testing and maintenance processes, it said.

The Economic Times

Operational expansion to 'Foxconn City': A look at Foxconn's India announcements

Foxconn chairman Young Liu said Taiwan can become India’s “most trusted and reliable partner” and that Foxconn is looking to position itself in that way. The company has dialled up investment in the country, as it looks to manufacture more than just iPhones and move up the value chain.

The Economic Times

Hybrid may lose pull as clean power builds storage, says SECI chief

SECI is getting a lot of interest as states and distribution companies realize the implications of non-compliance of renewable purchase obligations, the agency's chief said. More interest is expected from states as prices of storage and demand-based auctions get more attractive, Gupta said, adding that the demand in the future will also depend on the establishment of renewable power as a reliable source of energy.

Business Standard

Cisco cuts 7% of workforce, as it shifts focus to AI, cybersecurity

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose, California, did not specify the number of jobs it is cutting. It had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs. The networking equipment maker said in June that it would invest $1 billion in tech startups like Cohere, Mistral and Scale to develop reliable AI products. It recently also announced a partnership with Nvidia to develop infrastructure for AI systems. Cisco's layoffs come just two weeks after chipmaker Intel Corp announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. Intel's quarterly earnings report disappointed investo

The Economic Times

F&O stocks: Maruti Suzuki, Apollo Tyres among 5 stocks with long buildup

When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase

Business Standard

Coal production from captive, commercial coal mines grow by 35% in Apr-Jun

The government on Wednesday said that coal production from the captive and commercial coal mines grew by 35 per cent to 39.53 million tonnes (MT) in the first quarter of this fiscal. The coal production from captive and commercial coal mines was 29.26 MT in the first quarter of FY24. "Similarly, dispatch has shown a growth of 34.25 per cent YoY, from 34.07 MT in Q1 of FY24 to 45.68 MT in Q1 of FY25," the coal ministry said in a statement. The coal output for the power sector has seen a substantial increase, rising from 25.02 MT in the first quarter of last year to 30.16 MT in the first quarter of this year, marking a 20.5 per cent year-on-year growth. The government said that it remains firmly committed to assisting all coal block allottees to overcome challenges and optimise their operations. The primary goal of the coal ministry is to significantly augment coal production, ensuring a consistent and reliable supply to meet the nations' escalating energy needs. "Through collabora

Business Standard

Volkswagen launches first certified pre-owned store in Coimbatore

German automaker Volkswagen on Wednesday said it has launched its first brand store under its Certified Pre-Owned business segment here in Tamil Nadu. The company, in line with the brand's global transition has rebranded its used car business 'Das WeltAuto' to 'Volkswagen Certified Pre-Owned' cars. Witnessing more than 10 times of volume growth over the last five years, the auto major said the Pre-Owned vertical would continue to offer customers same high-quality, reliable vehicles backed by a comprehensive inspection processes and warranty coverage. Volkswagen India operates 139 touchpoints trading in certified pre-owned cars across the country, with 36 of these functioning as exclusive certified pre-owned outlets. Volkswagen plans to expand this footprint in a phased manner by March 2025, a company statement said here on Wednesday. The company's popular sedan 'Virtus' has been driving the sales volume and holds 30 per cent market share in the segment in Tamil Nadu. The strategi

The Economic Times

Volkswagen launches first certified pre-owned store in Coimbatore

Volkswagen launched its first brand store in Tamil Nadu, rebranding its used car business to 'Volkswagen Certified Pre-Owned' cars, aiming to offer customers high-quality, reliable vehicles with comprehensive inspection processes and warranty coverage. With 139 touchpoints nationwide, including 36 exclusive outlets, Volkswagen plans to expand by March 2025. The strategic rebranding leverages the brand's strength and trust, with the popular sedan 'Virtus' driving sales in Tamil Nadu.

The Economic Times

Serentica seeks partners for supply of 800 MWh battery energy storage systems

Serentica Renewables on Thursday said it has invited expressions of interest (EoIs) from interested players for supply of battery energy storage systems. "Serentica is seeking technical partners worldwide to supply BESS capable of delivering reliable energy storage. Serentica invites EoIs for 800 MWh standalone battery energy storage from across the world," it said in a statement.

The Economic Times

Farm loan waivers to negatively impact banks' asset quality: Macquarie

Macquarie Capital warned that farm loan waivers could negatively impact banks' asset quality, particularly for public sector banks. States like Telangana, Jharkhand, and Punjab are either implementing or considering such waivers. Macquarie's Suresh Ganapathy highlighted that these waivers create moral hazards and deteriorate credit culture, as even reliable farmers might start defaulting.