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Inox Wind reported a profit in the April-June period, the first quarter it has done so since the three months to December 2018. «We are just at the cusp of a massive breakout,» Devansh Jain, executive director, InoxGFL Group, said in an interview. The company, a fully integrated wind energy player, has a record 2.9GW order book. The stock market has lapped up the turnaround story. The Noida-based company has seen its stock surge over 11 times from the low of ₹19 in December 2018 to ₹212 on August 16, 2024. In the past year, it has jumped 331% while the Sensex is up 22%, lifting its market capitalisation to nearly ₹28,000 crore.

Apple Inc's business in India, including exports, crossed ₹2 lakh crore in fiscal 2024, driven not only by a surge in the local manufacturing and export of iPhones, but also a spurt in domestic sales of its other products including MacBooks, iPads and Watches. The US-based tech giant has likely exhibited the fastest growth in production and exports by any company in the last 50 years in India, making it the largest global value chain operating here, said officials. The company exported ₹1.35 lakh crore worth of iPhones, highest by any single brand in FY24 from India, while local sales were ₹68,000 crore. The Economic Survey 2023-24 mentioned Apple five times, underscoring the company's role in India's efforts to become a global smartphone manufacturing hub.

Agnibaan. The company used an industrial 3D printer to make the semi-cryogenic rocket engine as “a single piece in less than a week—right from the place where the fuel enters the engine, till the exhaust and nozzle," Srinath Ravichandran, Agnikul’s co-founder and CEO, told Mint. 3D printing, also known as additive manufacturing, fabricates complex objects by depositing materials layer by layer.

ISRO's latest satellite launch vehicle ' SSLV' is the first rocket in its category to be ready for commercialisation with two others, 'Vikram' from Skyroot and 'Agnibaan' from Agnikul Cosmos, expected to vie for market share to place small satellites in orbit. According to industry estimates, the satellite launch market in India is expected to grow from USD 720 million in 2022 to USD 3.5 billion by 2033 and small satellites are likely to be the most preferred modes for a number of applications ranging from providing internet connectivity to earth observation. Space start-ups such as Pixxel and Satsure have already announced plans to have constellations of small satellites for the range of services they plan to offer and Indian launch vehicles will vie to be the preferred rockets to place these satellites in orbit. «Larger launch vehicles are there, but with a large number of satellites being launched, companies do not want to wait, they want to launch a satellite as soon as they can and small vehicles are tailor made for them,» Lt Gen A K Bhatt (retd), Director General of Indian Space Association, told PTI.

Every US presidential election is consequential, but American voters face an unusually weighty decision in 2024. The outcome will have implications for US foreign policy, social policy and the integrity of the political system itself. But none of its consequences will be more profound or far-reaching than on global efforts to combat climate change.

Foxconn is working on plans to set up a Battery Energy Storage System unit in India, its chairman Young Liu said here. With an eye on the electric vehicle segment, Foxconn has been expanding its battery manufacturing business, with the first plant already set up in Taiwan. Liu told PTI that Foxconn's information and communication technology segment has just started in India. «We are also waiting to put our 3+3 future industry in India. I have been talking to the minister for industries here about how can we collaborate on BESS (Battery Energy Storage System) in Tamil Nadu...,» Liu said.

Taiwanese contract manufacturer Foxconn is looking to move up the value chain to go beyond smartphones and make products for sectors like information and communication technology (ICT), electric vehicles (EV), batteries as part of their EV strategy and digital health in its next phase of growth in India, its chairman Young Liu told ET on Saturday. “Foxconn is very well known for its vertical integration capabilities. Definitely, we want to move up on the value chain as much as we can in India. That’s what we will be doing in the ICT sector,” Liu said on the sidelines of the inauguration of the company’s massive industrial housing project in Sriperumbudur. “For sectors other than ICT, we think (we will focus on) EVs and energy and also the digital health industry, like wearables for personal use, home use type of medical devices,(and) in hospitals you can have cloud-based digital health systems,” he added. In the case of energy, Foxconn is looking to target batteries, which will be related to its larger EV strategy. Generative artificial intelligence (GenAI) will play a “very big part” in the company’s strategy as it makes “a lot of impossible things possible,” he said.

India hired around 152,000 people in the first half of 2024, up 14% from the previous six months but 9% lower than a year earlier, a survey has found. More than 75% of the hirings were to replace employees who had left. The gross hirings included attrition-linked replacement of about 118,000 employees and a net addition of 34,000, according to the survey conducted by specialist staffing firm Xpheno for ET, tracking data from 125 global capability centres (GCCs) that account for nearly three-fourths of India's total GCC headcount of 1.6 million. GCCs in semiconductor manufacturing, oil & gas and food & beverage services accounted for the largest number of net additions, both in the first half of 2024 and in the 12 months ended June 30, 2024, the survey has found.

India so far and plans more investment in the coming year, its Chairman Young Liu said on Saturday. Liu, a Padma Bhushan awardee, said that during his current visit he met various chief ministers and feels that India is on the rise. «So far, till last year, we have done USD 10 billion. We will do much more in this coming year,» Liu told PTI. He was speaking on the sidelines of the inauguration of the company's women-only residential complex near Foxconn's plant here.

Young Liu on Saturday asserted that the company hires employees regardless of gender but in India women, specially married women, have contributed greatly to its efforts. The chairman of the Taiwan-based iPhone contract manufacturer was speaking at the inaugural ceremony of its women-only residential complex here. The Foxconn chairman said there is an upward trend in all types of hiring by the Taiwanese electronics manufacturing major in India. "Foxconn hires regardless of gender, but women do make up a big part of our workforce here. I'd emphasise that married women greatly contribute to the efforts of what we are doing here," Liu said.

The industries department of the Delhi government has also collected feedback from stakeholders and the general public on three policies — Delhi Electronic System Design, Manufacturing and Refurbishment (ESDMR) Policy 2022-27, City Logistics Policy, and Industrial and Economic Development Policy 2023–33. This feedback will also be shared with the cabinet as and when it meets, sources told ToI. “We are ready with our draft proposal. We will start rolling them out once we get approval from the cabinet and the policies are notified,” said a Delhi govt official.

tariffs slowed the influx of Chinese-made electric vehicles in July, as the bloc moved to protect its automakers from low-cost competition. The number of new EVs that Chinese automakers like BYD Co. and SAIC Motor Corp.’s MG registered in the EU last month fell 45% from June, according to research from Dataforce, which compiled results across the 16 member countries that have reported July figures to date. The drop may have been exaggerated by carmakers rushing to get EVs to dealers before the added levies took effect July 5.

Texas Instruments said on Friday it would receive up to $1.6 billion in funding from the U.S. Commerce Department towards the construction of three new facilities, the latest government outlay aimed at bolstering domestic chip production. The funding, under the US CHIPS and Science Act, will help the company build two factories in Texas and one in Utah. Texas Instruments has pledged more than $18 billion through 2029 to the projects, which are expected to create 2,000 manufacturing jobs. The chipmaker also expects to receive about $6 billion to $8 billion in investment tax credit from the U.S. Treasury Department, and $10 million in funding for workforce development.

₹15-20 lakh, depending on the complexity of the model," Sidak Singh Grewal, 20, a member of Team Vicharaka and currently a third year undergraduate student at IISc. For comparison, Nasa’s Perseverance rover mission, which landed on Mars in 2021, is projected to cost approximately $3 billion (around ₹25,200 crore). “We constantly try to minimise costs by cutting down on direct procurement and relying on customized and indigenously developed technologies," says Grewal.

Karnataka Government, led by Chief Minister Siddaramaiah, conducted a strategic meeting on Friday with Young Liu, CEO and Chairman of Hon Hai Technology Group (Foxconn), to discuss strengthening the company's investment in Karnataka and exploring future expansion opportunities. The meeting stressed on Foxconn's ongoing and prospective projects that are expected to significantly boost the state's economic growth, job creation, and technological innovation. The meeting was attended by notable members of the Karnataka delegation, including Deputy Chief Minister D.K. Shivakumar, Minister for Large and Medium Industries and Infrastructure Development MB Patil, Minister for Information Technology and Biotechnology Priyank Kharge, Principal Secretary of the Department of Commerce and Industries Dr. Selvakumar S., and Commissioner for Industrial Development and Director of the Department of Commerce and Industries Gunjan Krishna. Foxconn will establish a major mobile phone assembly plant, known as Project Elephant, in Karnataka. The company has secured 300 acres of land in the ITIR Industrial Area, which spans Doddaballapura and Devanahalli Taluk in Bengaluru Rural District. With an investment of Rs 22,000 crore, this project is expected to generate over 40,000 jobs.

artillery guns that will be designed, developed and manufactured in India. It requires 400 of these gun systems in the first phase though the demand could rise manifold in the coming years as legacy equipment is replaced. The estimated Rs 7,000 crore acquisition of new Towed Gun Systems is seeing keen interest from the private defence manufacturing sector that has invested heavily in the past few years to develop artillery systems. Contenders for the contract will include Larsen & Toubro, which has already manufactured and supplied K9 Vajra Self Propelled artillery guns to the army. Bharat Forge and Tata Advanced Systems Ltd, which have developed the Advanced Towed Artillery Gun System (ATAGS) in partnership with Defence Research and Development Organisation and are currently competing for an army order, will also be top contenders.

Department of Pharmaceuticals (DoP) has started discussions with local manufacturers of rubber gloves to look into their complaints about poor quality products that are getting dumped in the country. Domestic glovemakers alleged that gloves from countries like Thailand, Malaysia and China are being dumped in India under different non-medical product codes. The department has been contemplating issuance of quality control orders in consultation with the Bureau of Indian Standards and has already invited comments from stakeholders on the matter.

AM/NS India — the joint venture between ArcelorMittal and Japan's Nippon Steel — will be looking at opportunities for acquisitions coming its way, said Dilip Oommen, the chief executive officer. It is one of the few steelmakers in the country that has grown by a series of deals in the past few years. «For sure we will be looking at (it), if there are any good opportunities coming our way, we are definitely interested and we will study it,» he told ET in an exclusive interaction. «It has to be viable,» he emphasised.

India has initiated an anti-dumping probe into the import of hot rolled steel products from Vietnam following a complaint by a domestic manufacturer. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'hot rolled flat products of alloy or non-alloy steel'. According to the DGTR notification, Indian Steel Association has filed an application on behalf of domestic producers — JSW Steel Ltd and ArcelorMittal Nippon Steel India Ltd — seeking initiation of an anti-dumping investigation on imports from Vietnam. The applicants have alleged that the product is being imported at dumped prices which is causing material injury to the domestic industry.

Taxpayers are expected to save billions after the Biden administration inked deals with pharmaceutical companies to knock down the list prices for 10 of Medicare’s costliest drugs