Manufacturing Financial News

recruitment of artificial intelligence (AI) talent in India, at least for 132 companies looking to hire such talent from the technology, finance and manufacturing sectors, according to a senior executive at Deel. The San Francisco-based payroll and compliance provider offers hiring and payments services to companies enrolling international employees and contractors. Mark Samlal, general manager for Asia-Pacific at Deel told ET in an interview that demand for AI expertise is on the rise but finding candidates proficient in skills can be very tough.

Mint. Interestingly, the compensation of women independent directors has doubled in these five fiscal years, while their male counterparts have seen a 1.7x increase in the same timeframe.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The government has approved a new pension scheme, which promises government employees 50% of their last salary as a retiral payout, and other benefits. Meanwhile, India's economic growth may have slowed in April-June, according to a Mint poll.

INS Arighaat, was commissioned on Thursday. Vizag-made indigenous submarine has undergone thorough trials and is ready for deterrence patrols. It joins INS Arihant, India’s first such submarine that undertook first deterrence patrols in 2018.

Applied Materials will be signing a Memorandum of Understanding (MoU) with the Tamil Nadu government on Friday to establish an advanced AI-enabled technology development Center of Excellence focused on semiconductor manufacturing and equipment in Taramani, Chennai. The MoU is to be signed in San Francisco in the presence of the Tamil Nadu Chief Minister, MK Stalin and President of the Semiconductor Products Group at Applied Materials, Dr. Prabu Raja. “Investment in key sectors such as advanced electronics and semiconductors will help us achieve the $1 trillion economy goal by 2030. We want to make Tamil Nadu the most advanced knowledge and innovation hub in South Asia,” Tamil Nadu Chief Minister MK Stalin said in a statement.

Berkshire Hathaway touching the $1 trillion mcap. This massive market capitalization was earlier unheard of for nanotech companies, but Berkshire Hathaway has made it possible as the world's first company to achieve this target.

Beijing, on a visit with the stated aim of keeping communications open between the two powers, as the relationship between China and the United States has become increasingly tense in recent years. Sullivan, on his first trip to China in his capacity as the main adviser to President Joe Biden on U.S. national security issues, has met with senior Chinese officials including Foreign Minister Wang Yi and a senior general of the Central Military Commission. China and the U.S. have become increasingly at odds over various issues, starting with a trade war dating back to 2018, and which now encompasses global security matters, such as China's claims over the South China Sea, and industrial policy on things like automobile and solar panel manufacturing. Sullivan's trip this week is meant to keep the tensions from growing further.

Tech Mahindra on Thursday said it has inked a pact with UK-based engineering service provider Marshall Group to combine their digital solutions and engineering capabilities to spur advancements in aerospace and the defence industry. Tech Mahindra in a statement said it will assist Marshall's engineering programmes in aircraft design and manufacture, special mission platforms, and the development of digital maintenance, repair, and overhaul (MRO) technologies. Marshall will also make use of Tech Mahindra's suite of data analytics and intelligent field support technologies to enhance its infrastructure solutions' operational efficiency and reliability. «Combining Tech Mahindra's global engineering and technology capabilities with Marshall's rich heritage and specialised knowledge, we are poised to create a powerful collaboration to drive innovation, deliver exceptional customer value, and enable the industry to scale at speed,» Narasimham R V, President, Engineering Services, Tech Mahindra, said.

Electric vehicles (EVs) have become popular because of several reasons, including zero tailpipe emission, which reduces pollution, and gives better fuel efficiency, which keeps customers’ expenses down. According to the latest Vahan data, EV sales stood at 178,948 units in July, marking a strong year-on-year increase of 53%. This is also the second-best performing month for EV sales in the calendar year to date, after March of FY2024 at 213,036 units, showing buoyant interest among buyers. However, EVs have also been in the news every now and then for catching fires and other problems. These raise significant concerns about the trustworthiness of EV technology, depressing its growth in India.

Data centres, often dubbed the "data factories of the world," are vital to the modern digital ecosystem. These seemingly modest facilities house the technology that stores, processes, and manages vast data. This storage enables the smooth operation of the technologies we depend on daily.

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Anshul Saigal, Founder, Saigal Capital, says putting new money in spaces that have done well recently and where you are chasing returns is a fool's paradise. It is that space where an investor can burn his fingers and then be out of the market for the next four to five years and come back again when the markets are at peak. That is not the space to look at now. It is really the Nifty 50 and the large-caps which have relative value. If you want to put new money to use, it is there that you should be investing. Do you think the underperformance in banks is finally coming of age because while the Nifty is still at a fresh all-time high, so are a lot of other individual indexes, which is not quite the case with Nifty Bank? Anshul Saigal: Yes, banks have been a rank underperformer in the last six-eight months. While other segments of the market have rallied as they have, banks have done nothing. Some of that is because banks have been in over-owned space in the last so many years. Because they are about 30% to 35% of the index as a constituent, banks are highly owned by the Street and at this time even though valuations look reasonable because of certain headwinds on their operations, banks are not the favoured space.

Abhishek Basumallick, Founder & Chief Equity Adviser, Intelsense Capital, says IT looks to be picking up. Chemicals, look interesting, as are pharma, auto, and auto ancillaries. Basu mallick says he is fairly bullish on the Indian manufacturing theme, not only for the near future but at least for the next three to five years. India is focusing on manufacturing and we are seeing changes happening slowly. This is a definite theme. It is not going to happen overnight. The results are going to take five years, maybe even a decade to play out. Markets are again hitting fresh highs, at least the Nifty. But given the current scenario and the valuations in the market, is it advisable to go all in? Abhishek Basumallick: The markets have been slightly on the expensive side for a while now. Globally, other than the US, we are the only market where we are seeing strong GDP growth and strong business performance. I doubt if the Indian markets are going to get cheap anytime soon. We might see intermediate corrections once in a while and that is par for the course in a bull market. But I do not see that valuations are going to be very cheap anytime soon.

Indian economy has remained resilient but the outlook seems softer due to moderation in a couple of high-frequency indicators, according to the Monthly Economic Review for August. The review was released by the National Council of Applied Economic Research (NCAER). The report said bank credit growth of scheduled commercial banks (both food and non-food) moderated in June 2024. Personal loan credit growth and bank credit for the services sector has decelerated, it added.

PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement. The company has successfully completed the QIP raising Rs 430 crore (around USD 51 million). The QIP attracted robust interest from institutional investors, with a subscription exceeding two times the issue size, PDS Ltd said in a statement. «This fund raise enables PDS to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet,» the company said.

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has offered about 2,000 acres of land to Taiwanese contract manufacturer Foxconn to set up a 'Foxconn City', similar to its facilities in its home country and China. Karnataka and Tamil Nadu are also aggressively courting the company to set up the industrial township. As India's place gets cemented into Foxconn's future plans, here's a look at major expansion announcements made by the company recently: Total investment: Foxconn has invested $1.4 billion in India till date. Chairman Young Liu, a Padma Bhushan awardee, said India is an integral partner for the company and its business here has grown to over $10 billion till 2024.

«So, all of this on the back of a lot of optimism, great returns from the market, a lot of optimism from the investors who continue to come into the markets through essentially mutual funds and other platforms, I think it is still the tip of the iceberg,» says Akhil Chaturvedi, CBO & ED, MO AMC. Congratulations, what a proud moment. You have managed to surpass that Rs 1 lakh crore mark when it comes to your AUMs. Tell me, given that one has seen a big move in the equity markets in the last decade, but we are still scratching the surface and the penetration levels still are not that deep. What is it that we could look at in terms of visibility for your AUMs in the next sayd four to five years or even ten years hence? Akhil Chaturvedi: Thank you so much. Yes, it is indeed a big milestone we have crossed at a lakh crore. It has been quite a journey. I think over the last 10 years literally we were at Rs 2,000 crores. From there, crossing a lakh crores is almost 50 times growth. It is all credit to the way our economy is doing and the same is reflecting in the capital markets.

₹1 trillion mark. The stock has delivered staggering 30-fold returns since its listing in 2019. Is this steep rise justified? To answer that we first need to understand RVNL’s business model.

Storch Advisors CEO Gerald Storch reacts to Target’s decision to cut prices on 5,000 common items during an appearance on ‘Varney & Co.’ 

Tata Motors 36 times. If demand fails to match expectations, earnings growth could suffer, and so could their stocks. Another second-order impact of weak demand could be on vehicle loans.