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Intel CEO Pat Gelsinger inherited a troubled company that had lost its edge in manufacturing skills and had ceded to rivals the hugely lucrative markets for chips used in mobile phones and artificial intelligence. 1968 — Robert Noyce and Gordon Moore found Intel, helping reshape California's Santa Clara Valley from fruit orchards into the Silicon Valley tech hub. 1971 — Intel introduces the 4004, the world's first commercially made programmable microprocessor, with 2,300 transistors. These were among the first chips that could be programmed to perform specific functions, unlike previous processors that were hardwired only for a certain task — a turning point in the history of the semiconductor industry that laid the groundwork for the development of CPUs.

While the deliveries of LCA Mk1a jets have been delayed due to late supplies of engines, officials have been in regular touch with US manufacturer GE and there is a degree of confidence that things will stabilise by March 2025, they said on condition of anonymity. Engine supplies have been disrupted due to the bankruptcy of a South Korean defence firm — a key supplier of parts and components, according to the people. After the company ceased operations, GE had to establish an alternative line of suppliers, leading to a delay of almost two years, they said.

Gold imports are surging to cater to festive demand and have been added by sharp duty cuts in this year's budget. Central banks, including RBI, are also propping up demand for gold as they bulk up reserves in an effort to diversify their reserves. The metal is still serving as a safe haven, with economic data from advanced economies not offering investors clarity on the extent of economic slowdown.

Donald Trump. Yet, there's an even chance that he'd emerge victorious from the Nov 5 US presidential election. How do Trump and his team manage to distort reality so well? A big part of the problem is what sociobiologist Edward O Wilson identified: humans have palaeolithic emotions, mediaeval institutions and godlike technology. Trump is tall, walks taller, talks loud, is rich, and projects power. That is enough to make him leader for 21st-century cavemen in MAGA tees and baseball caps. He feeds fear of the outsider, with his charge that illegal immigrants are rapists, killers and drug peddlers, and promises to undertake the largest deportation of aliens the world has seen. The tribe, forever wary of strangers, rallies around this protector.

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

dispute settlement body (DSB) has accepted a request from India and Taiwan to further defer the adoption of the ruling against New Delhi’s import duties on certain information and technology products till April 25 next year. This is the fifth time the adoption of the ruling has been deferred. The two were earlier given time until September 19, 2023 then December 18, then April 26, 2024 and then October 31 to resolve the dispute regarding New Delhi’s import duties on certain information and technology products.

Honeywell Automation India reported a 5.6% fall in its second-quarter profit on Tuesday, hurt by slowing demand. The Indian arm of U.S. conglomerate Honeywell International said its profit fell to 1.15 billion rupees ($13.7 million) for the three months ending Sept. 30 from 1.22 billion rupees a year ago. Honeywell Automation India provides building automation solutions to industrial clients and designs emission-curbing and energy transition products. Growth in India's manufacturing industry cooled in August and September, according to a business survey. Analysts have said that Indian exporters are bearing the brunt of increased shipping costs due to the Red Sea crisis.

Defence Ministry on Tuesday issued a clarification on possible penalties that could be imposed on General Electric Co. for severe delays in the delivery of jet engines that power the country’s light-combat aircraft. «It has been noted that some media organisations have carried a story that India plans to impose penalties on General Electric for delay in delivery of Tejas engines. The story is factually incorrect as there was no such proposal under consideration. The contract is between HAL and GE,» said a defence ministry official. Just last year, GE had signed a memorandum of understanding with Hindustan Aeronautics to produce an advanced version of the jet engines for India’s next generation light-combat aircraft.

Subscribe to enjoy similar stories. Syrma SGS Technology Ltd, an electronic system design and manufacturing company, aims to clock $1 billion in revenue by FY27 and is 'seriously evaluating’ opportunities in manufacturing semiconductors and printed circuit boards, managing director Jasbir Singh Gujral said in an exclusive interview with Mint. Having reported revenue of ₹833 crore and a lower-than-expected profit of ₹39.6 crore in the quarter ended September, Gujral maintained that the company’s revenue will grow at 35-40% with an EBITDA margin of 7%.

Donald Trump has placed tariffs and tax cuts at the forefront of his economic plan, appealing to voters who largely view the economy as the leading issue in the 2024 election. Analysts estimate Trump's tax cut proposals could add between $3.6 trillion to $6.6 trillion to the federal deficit over ten years. In comparison, Democratic candidate Kamala Harris' proposals would have a smaller impact, potentially even reducing the deficit by up to $400 billion.

Subscribe to enjoy similar stories. Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Aircraft Complex in Vadodara, Gujarat, where India’s first privately built C-295 aircraft will be made by a Tata-Airbus partnership. It’s a military transport plane and India is to receive 16 of these in fly-away condition directly from an Airbus plant in Spain, while another 40 are to be made in Vadodara.

import quotas to electronic hardware manufacturing companies that can step up domestic production under the production-linked incentive (PLI) scheme for information technology (IT) hardware, said people with knowledge of the matter. In a meeting with stakeholders last week, government officials asked all companies to provide concrete production plans for the next fiscal year for products such as laptops, tablets, all-in-one personal computers, ultra-small form factor computers, and servers. “The idea is that companies must increase the domestic value addition for their products,” an official said. “All (companies) have been given enough time and we must look for ways in which it (domestic value addition) can be improved without any major business disruptions.”

Tata-Airbus aircraft complex, that will produce the C295 military transport aircraft, can pave the way for developing and manufacturing civil aircraft to meet the needs of India and the world in the future, Prime Minister Narendra Modi said on Monday. Speaking after inaugurating the complex with his Spanish counterpart Pedro Sanchez, the Prime Minister stressed that the facility reflects the work culture of a new India and is in line with the 'Make in India, Make for the World' slogan. The complex in Vadodara will produce at least 52 of the military transport aircraft, with the first expected to be ready by 2026. Noting the growing demand of civil aircraft in India, the PM said that domestic airlines have ordered 1,200 planes in the recent past as air connectivity is being increased to hundreds of small cities as well.

nominal GDP (unadjusted for inflation) growth. At the starting point, nominal GDP growth is at 4%, significantly lower than the 10% rate the country routinely churned out between 2017 and 2019. This is because the GDP deflator (the broadest measure of prices in the economy) has been stuck in negative territory for six consecutive quarters, the worst run since the late-1990s. So, lifting the GDP deflator back toward a 2-3% growth run rate will be key. It is through this lens that one must evaluate the recent slate of policy actions, specifically, whether they will revive nominal GDP growth and lift China out of the debt-deflation loop. These measures are supportive, but not sufficient yet.

Amazon Great Indian Festival Diwali Sale: Up to 50% off on washing machines and refrigerators from LG, Samsung and moreThe Faber 4L Digital Air Fryer is a multifunctional kitchen appliance designed for healthy cooking. With a powerful 1350-watt motor, it allows you to fry, bake, roast, toast, grill, and reheat with 85% less oil, making meals healthier without sacrificing flavour.

Adani Cement «achieve targeted growth ahead of time», said Adani Group Cement Business CEO Ajay Kapur in an investors' call on Monday. The Adani group, which had last week announced the acquisition of Orient Cement, aims to have a manufacturing capacity of 140 million tonnes per annum (MTPA) by FY28. «Adani Cement will benefit from accelerated growth, lower costs and good synergies, all of which will contribute to leading the market and achieving sustainable performance in the near future. The pace of capex has increased, which will help to achieve targeted growth ahead of time,» said Kapur. Ambuja Cement, part of Adani Group, which houses all cement assets, is a debt-free company and as of September 2024, cash and cash equivalent for the company was at Rs 10,135 crore, said Kapur.

Indian Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez have inaugurated India’s first private military aircraft plant

The head of Volkswagen's works council says the company has informed employee representatives that it wants to close at least three plants in Germany

Elon Musk made bold claims regarding potential federal budget cuts under a Trump-led administration. Addressing a crowd of supporters, Musk asserted that he could reduce the federal budget by at least $2 trillion if Donald Trump wins the 2024 presidential election. He criticized current government spending and positioned himself as an advocate for fiscal efficiency. “Your money is being wasted,” Musk declared, adding that he would work to “get the government off your back and out of your pocketbook, as quoted in a report by The Crypto Times.

Subscribe to enjoy similar stories. Boeing’s new boss wants to return the manufacturer to its engineering roots. Starbucks’s new chief executive says the chain must embrace its own origins as a coffeehouse.

Hitesh Doshi, Chairman & MD, Waaree Energies, says ALMM is one of the non-tariff barriers which is helping to promote Make in India. Just by bringing ALMM in for a short span, Indian module manufacturing capacity has increased and our exports have also increased. Doshi believes that this will not be restricted only to the module and in the coming days, we will see that more such things are coming for the entire value chain where the Waaree is also planning to expand in all these areas. You did this fundraiser to support the capex, but you are not alone in that. A lot of conglomerates right from Tatas to Adanis have announced their capex in this sector. Do you anticipate a threat of a supply glut if not immediately, maybe three to five years out? Hitesh Doshi: Of course, there is a huge demand which we had discussed in the last interview and this demand we also discussed right from 500 gigawatt of the present mission, as well as hydrogen, batteries, so all this we will need a huge supply chain. So, Waaree is going as per the plan, but it is not going to meet the entire requirement of the country. Apart from this, globally people are looking for India as a second supply chain. So, personally, I do not see there is going to be a glut or all that. This is the need of the hour and we will need this.