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The Economic Times
The Economic Times India to help 85,000 students design semiconductor chips within 5 years
India is boosting its semiconductor design capabilities by granting 20,000+ students and 45 startups access to advanced chip design infrastructure through the ChipIN Centre. This initiative aims to empower 85,000 students to design chips within five years.
The Economic Times T9L Qube partners with Sumedha Fiscal Services to boost startup ecosystem
T9L Qube and Sumedha Fiscal Services have partnered to bolster India's startup ecosystem. Following funding from Virender Sehwag and other investors, T9L Qube will leverage its incubation expertise to nurture high-growth startups. Sumedha Fiscal aims to capitalize on India's burgeoning startup scene through this collaboration.
The Economic Times Sealmatic Inaugurates Its New Manufacturing Unit in Kaman (Vasai)
Mumbai (Maharashtra) [India], Sealmatic India Ltd, listed on the Bombay Stock Exchange (BSE: BOM: 543782) is pleased to announce the inauguration of its new state-of-the-art manufacturing facility at Kaman-Vasai, a significant leap towards enhancing its production capabilities. This new facility, spanning an impressive 25,000 sq ft, signifies a remarkable expansion, thus, this will enhance 65% of its production capacity to the existing production capacity housed at Mira Road. The new unit of Sealmatic in Kaman became fully integrated and operational on November 26th 2024.
The Economic Times The turnover of pharmaceutical industry in India reached Rs 4,17,345 Cr in 2023-24, registering a growth of 10% over 2022-23
New Delhi [India], The pharmaceutical industry in India is currently valued at $50 Bn. India is a major exporter of Pharmaceuticals, with over 200+ countries served by Indian pharma exports. India supplies over 50% of Africa's requirement for generics, 40% of generic demand in the US and 25% of all medicine in the UK. Hailed as the "pharmacy of the world", the booming pharmaceutical industry of India is a leading source of cutting edge innovation especially when it comes to providing life-saving medicines at affordable prices to people. Presently, it's the largest international provider of generic drugs, which are the cheaper- but similar medicines as brand name medicine.
The Economic Times Manufacturing sector driving up warehouse property deals in India's top cities
The manufacturing sector is driving up warehouse transactions across eight key Indian markets which has shot up by 20 per cent to 14.65 million square feet (mn sq ft) in Q3 2024 (July - September) compared to the same period last year. Notably, 41 per cent of these transactions involved Grade A spaces, according to a Knight Frank India report released on Tuesday.
The Economic Times Indian entrepreneurs outpace global peers in spending on real estate, luxury goods and experiences: HSBC Report
Indian entrepreneurs lead globally in allocating personal wealth to investments, with 82% investing in stocks, bonds, and real estate.
The Economic Times SA 600: NFRA says can reconsider remedial measures if ICAI provides strong evidence of concentration risks
NFRA is firm on its revised auditing standards, particularly SA 600, but remains open to reconsidering the approach if ICAI or any other regulatory body presents compelling evidence of audit concentration risks. However NFRA holds a strong view that currently no substantial evidence to suggest that the changes will lead to an undue concentration of audit work.
The Economic Times Shashi Ruia, Essar group co-founder, dies at 81
Shashi Ruia Passed Away: Indian billionaire Shashi Ruia, co-founder of Essar Group, passed away at 80. Starting in 1969 with a construction contract, the Ruia brothers expanded Essar into diverse sectors like energy, steel, and telecom. Despite facing financial challenges later, Ruia held significant roles in national and international business forums, even joining the elite group, The Elders.
The Economic Times BharatNet Phase-III to create nearly 25k jobs: TeamLease
"The recently launched phase III of BharatNet marks a significant shift in strategy," said Subburathinam P, chief strategy officer at TeamLease Services. "This phase prioritises last-mile connectivity through innovative solutions such as Wi-Fi hotspots (2-5 per gram panchayat) and fibre-to-the-home (FTTH) services. Targeting 6.25 lakh villages, phase III leverages public-private partnerships (PPP) and advanced technologies to deliver high-speed internet of 100 Mbps or more."
The Economic Times AI in tax operations seen as a game changer by 94% of Indian CFOs, tax leaders
A recent EY survey revealed that 94% of Indian CFOs and tax leaders believe Generative AI can revolutionize tax functions. Indian companies are leading in GenAI adoption, but face talent shortages. Cost pressures and new regulations are driving changes in operating models, while the industry grapples with a looming talent crisis.
The Economic Times Uniparts India names former Laxmi Organic CFO Tanushree as Whole Time Director
Bagrodia holds a Bachelor’s degree in Computer Engineering from Vivekananda Education Society’s Institute of Technology, along with an MBA from INSEAD. Her professional journey started as an investment banker in London and Mumbai, where she collaborated with prestigious American, European, and Indian investment banks.
The Economic Times India registers higher growth in better quality formal sector jobs
India's employment in the formal sector, which offers better quality jobs, has kept up its growth momentum during the first half of the current financial year with an increase in new additions across the three social security schemes compared to the same period last year, according to official figures.
The Economic Times Byju’s faces new probe over financial, accounting practices
Indian authorities have launched an investigation into Byju's financial practices, including potential misreporting and fund diversion. This follows a previous probe that revealed corporate governance issues at the struggling edtech giant, currently battling insolvency proceedings and facing significant investor losses.
The Economic Times Shikayathai.com: The Silent Revolution Giving Indian Consumers a Voice
Two Russian entrepreneurs, Alexander Turilin and Alexander Eroshkin, launched a platform in India to empower consumers. Frustrated by unresponsive customer service, many Indians found success reclaiming refunds and services through the platform. The platform aims to hold businesses accountable and shift the power dynamic in the Indian marketplace.
The Economic Times DPIIT, WinZO sign MoU to propel India’s interactive entertainment ecosystem
This collaboration will focus on building a robust ecosystem of over 2,000 startups, innovators, and students, providing them with mentorship, industry insights, and access to global opportunities.
