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Phillips Machine Tools (PMT) will launch a dedicated 3D materials division to address India’s lack of locally available high-tech consumables and raw materials, including titanium. The company has plans to secure an import license in the next six months and cater to the defence, aerospace, renewable, electronics, and, in certain aspects, the health tech market and clean energy sectors, the company’s Managing Director, Terrence Miranda, told ET. PMT is a fully owned subsidiary of the USA-based Phillips Corporation. “To obtain this license, you need to demonstrate capabilities, such as owning the necessary equipment and conducting R&D on it. India does not yet produce aerospace-grade titanium in the quantities or quality needed. For sectors like space and defence, this poses a significant challenge,” he said, adding that the company will incorporate it into its new 20,000 sq. ft facility in Chakan, Pune. PMT is working to source titanium from international markets, including the US and Germany, while also exploring regional exports to make it easier to procure.

Reinforcing its support for the ‘Make in India’ mission, the facility will serve as a key local sourcing hub within the Camfil Group. This will enhance its global supply chain efficiency and position Camfil India as a critical contributor to international markets. The new facility represents a significant enhancement in production capacity, particularly for high-efficiency filters used in Air Handling Units (AHUs). By increasing its capabilities, Camfil is poised to better serve industries with the most advanced air quality solutions for HVAC systems. As part of this expansion, Camfil India will also begin manufacturing minipleated HEPA filters, widely known as Megalams. These cutting-edge filters cater to critical pharmaceuticals, hospitals, and microelectronics sectors. Developed using proprietary equipment and scanning technologies designed in Camfil’s global R&D centres, the filters promise unparalleled performance, energy efficiency, and adherence to industry standards.

Fantastic Four: First Steps. The movie is set to hit theaters in 2025. It marks the superhero quartet's introduction to the Marvel Cinematic Universe (MCU).

Indian Navy said on Tuesday. Addressing a press conference, Vice Admiral Sanjay J Singh, Flag Officer Commanding-in-Chief of the Western Naval Command, said the three warships — INS Nilgiri, INS Surat, INS Tushil — and submarine INS Vagsheer are expected to be commissioned in a month. «We have got four vessels that are due for induction within the next one month,» Singh said. INS Nilgiri is the first ship of Project 17A and was launched in September 2019, he said.

Venus will be transitioning into Aquarius while marking a significant shift in how we approach relationships and values, reported People. This astrological event encourages breaking free from traditional norms and societal expectations while promoting individuality and progressive connections. According to People, unlike its previous position in Capricorn, which put an emphasis on stability and commitment, Venus in Aquarius fosters a spirit of exploration and open-mindedness in our interactions. Also Read: Marvel's The Fantastic Four: First Steps: What we know about filming, cast and characters

In the Lost Lands, a fantasy movie based on George R.R. Martin short story, now has an official release date. This feature brings together a notable cast and director.

Banking Laws (Amendment) Bill, 2024 was passed on Tuesday in the Lok Sabha during the winter session of Parliament, proposing significant changes to banking regulations. «Banks are being professionally run today. The metrics are healthy so they can go to the market and raise bonds, raise loans & run their business accordingly,» said Finance Minister Nirmala Sitharaman in her address at the Lower House of the Parliament. Among its key provisions, the Bill allows depositors to nominate up to four individuals for their bank accounts or fixed deposits, replacing the current single-nominee system. The move aims to simplify fund distribution after the death of an account holder, a problem which arose during the COVID-19 pandemic.

The stock markets have been volatile, with benchmark indices down as much as 10% from their recent highs. The correction comes amid a record selloff by foreign investors, downgrades to corporate earnings, and slower economic growth.

CBSE) is considering introducing two levels of science and social science — standard and advanced — for students in Classes 9 and 10, according to officials. The board already offers two levels of mathematics for Class 10 students. Its curriculum committee has approved the idea, which is in line with the new National Education Policy (NEP). However, the board's governing body is yet to give its nod. According to the NEP, all subjects and corresponding assessments, beginning with mathematics, could be offered at two levels with some students studying subjects at the standard level and others at the advanced level. «The proposal was approved by the curriculum committee. However, the logistics and the framework are yet to be worked out. Currently, we offer only one subject at two levels in Class 10. While the syllabus for students opting for maths (standard) and maths (basic) is the same, the question papers and the difficulty level of the questions in the board exam differ,» a senior CBSE official said.

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Jaguar on Monday revealed its electric Type 00 concept car during Miami Art Week, showcasing the company's new design and electric vehicle strategy. The concept, a part of its newly rebranded identity, was released days after billionaire Elon Musk mocked its previous ad for being 'woke'. Last month, the company released a 30-second spot showing diverse models and bright colors. The advertisement was panned by several who said it was «woke» including Tesla and X CEO Elon Musk mocked the ad saying, “Do you sell cars?" The luxury British carmaker has filled in some of the blanks by revealing a concept car. The Type 00, named to represent zero emissions and its position as the first of a new generation, features a long hood, curved roofline, and boat-tail rear. This design was made possible by Jaguar's new electric platform called JEA. The company also confirmed plans for a new four-door GT car, set to release in late 2025. This production model is projected to have a range of up to 478 miles (770km) and fast-charging capability.

NYT Connections hints for Tuesday are out as readers can now get answers for December 3 New York Times (NYT) Connections puzzle. NYT Connections is game that is managed by New York Times' associate puzzle editor Wyna Liu. New York Times offers 16 chosen words that are required to be divided into categories. NYT Connections December 3 Purple Category has less sounded letter. Green Category has popular nicknames. Blue Category features American educational show characters. Yellow Category consists of TV shows.

Sebi) on Monday cancelled the SME IPO of Trafiksol ITS Technologies, which was earlier put on hold by BSE pending investigation, and asked the company to refund the money to the investors. «Trafiksol is directed to refund the money paid by the investors, who have been allotted shares in the Initial Public Offering,» Sebi's 16-page order said.

Defence Acquisition Council (DAC), under the chairmanship Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for five capital acquisition proposals worth over Rs 21,772 crore on Tuesday. This included the procurement of Water Jet Fast Attack Crafts, Fast Interceptor Craft, Electronic Warfare Suite, Next Generation Radar Warning Receiver and Advanced Light Helicopters. DAC granted the approval for the procurement of 31 New Water Jet Fast Attack Crafts (NWJFACs) for the Indian Navy. These are designed to perform the task of low intensity maritime operations, surveillance, patrol, and search and rescue (SAR) operations close to the coast. In addition, these vessels will also play a role in anti-piracy missions, in and around India's island territories.

capital on Tuesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity on Monday settled at Rs 79,200 per 10 grams. However, silver prices surged Rs 2,400 to Rs 92,400 per kg against the previous close of Rs 90,000 per kg. The bullish sentiment in the silver market is primarily driven by industrial demand, traders said.

Torrent Power Ltd.(up 6.49%), KPI Green Energy Ltd.(up 5.01%), Ravindra Energy Ltd.(up 5.00%), Indowind Energy Ltd.(up 4.99%), Indo Tech Transformers Ltd.(up 4.87%), GE Vernova T&D India Ltd.(up 4.66%), Jyoti Structures Ltd.(up 4.35%), Inox Wind Energy Ltd.(up 3.88%), CESC Ltd.(up 3.85%) and KEC International Ltd.(up 3.30%) stood among the top gainers.

Subscribe to enjoy similar stories. The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar.

Ola Electric Mobility rallied 16% in just two sessions after the pure-play EV company on Monday announced its plans for a four-fold expansion of its company-owned store network to 4,000 by December 20, 2024. With the current 800-store network, the company has set an ambitious target of opening 3,200 stores in less than three weeks. This translates into 178 stores per day.

C.E. Info Systems, which operates digital map maker MapmyIndia, have plunged over 14% in just two sessions hitting a 52-week low of Rs 1,534 on Tuesday after company's CEO and Executive Director Rohan Verma informed exchanges about his plans to float a new B2C company and pick up 10% stake in it. Verma will relinquish all executive responsibilities in the company and continue to be on the MapmyIndia board as a non-executive Director with effect from April 1, 2025, a company filing to the exchanges said.

The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, and list the shares on the NSE SME platform.

corporate earnings data and the market beginning to show early signs of revival, Quant Mutual finds itself close to fully deployed and believes that its risk-off phase is at the fag-end stage. “Although high-level macroeconomic and corporate earnings data merit tracking, most, if not all of these below-estimates data are factored in and timing is ripe for being optimistic about selective segments of the market. Hence, we are now close to fully deployed and believe that risk-off phase is in its fag-end stage,” the fund house said in its monthly release. Also Read | Taking stock: 70% equity mutual funds outperform their benchmarks in 2024