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The Economic Times
The Economic Times Samsung to expand chip packaging facilities for HBM
Samsung Electronics will expand its semiconductor package facilities in South Chungcheong Province to boost production of high bandwidth memory (HBM) chips, company officials said on Tuesday.
The Economic Times Semiconductor sector to create 1 million jobs in India by 2026, says report
As India is moving to become a semiconductor manufacturing hub, the industry is poised to generate 1 million jobs across varied sectors by 2026, a report said on Monday. This demand is expected to be seen in various categories, including an estimated 3,00,000 jobs in chip semiconductor fabrication, around 2,00,000 positions in ATMP (Assembly, Testing, Marking, and Packaging), and additional roles in chip design, software development, system circuits, and manufacturing supply chain management, said a report by talent solutions company NLB Services.
The Economic Times Vedanta Ltd. Reports Highest-Ever 1H EBITDA at $2.47 Billion
Vedanta Limited reported its highest-ever half-year EBITDA of $2.47 billion, a 46% year-over-year increase. The company attributed the strong performance to cost efficiency, volume growth, and favorable commodity prices. Vedanta expects continued growth in the second half of the year as growth projects come online and historically experiences stronger revenue generation in the latter half of the year.
The Economic Times Kamdhenu PAT grows to Rs 16 cr in Q2; board approves share split in 1:10 ratio
The board of the company also approved the sub-division or split of equity shares into a ratio of 1:10.
The Economic Times Commvault strengthens India operations with Coimbatore facility
Announcing the Coimbatore facility, Commvault in a release said it will also serve as an innovation hub for engineering and technical talent, focusing on supporting regulatory compliance and AI advancements.
The Economic Times Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement
According to a CCI notice, the proposed transaction is a two-stage acquisition process, initiated through two share purchase agreements (SPAs) on October 22, 2024, will see Ambuja Cements initially acquiring a 46.80 per cent stake in Orient Cement.
The Economic Times Zetwerk is said to consider raising $1 billion in Indian IPO
The Bangalore-based firm, backed by investors such as Peak XV Partners and Lightspeed India Partners, has held talks with investment banks to help prepare for a potential IPO in Mumbai next year, as per sources.
The Economic Times Plans afoot to put LLPs and cos on par in accounting
The Indian government is considering implementing new accounting standards for large limited liability partnerships (LLPs) to enhance transparency and accountability. These standards, aligned with those for companies, aim to improve financial disclosures and attract more investors to LLPs.
The Economic Times GST dept targets over 1k suspicious firms, Rs 124 cr tax evasion uncovered
A total of 1,057 dubious firms were detected by the GST department of which 205 firms were investigated by Madhya Pradesh team through data analytics whilst a list of 852 firms were communicated by other states.
The Economic Times GST Council call on insurance next month
The GST Council is set to discuss reducing the GST on term insurance plans to zero and offering similar relief for health insurance, particularly for senior citizens and those seeking coverage up to Rs 5 lakh. However, broader GST rate rationalization faces resistance from states concerned about revenue loss, potentially impacting decisions on essential goods and luxury items.
The Economic Times Integrated Air India-Vistara entity's first flight takes off from Doha
The first flight of the integrated Air India-Vistara entity took off for Mumbai from Doha on Monday night. The flight operating with the code 'AI2286' departed Doha at around 10.07 pm local time and is expected to land in Mumbai early on Tuesday morning.
The Economic Times RIL to pump Rs 65,000 cr into Andhra Pradesh for 500 biogas plants, its biggest RE investment outside Gujarat
Reliance Industries Ltd is set to invest a record Rs 65,000 crore in Andhra Pradesh. The company plans to establish 500 compressed biogas plants over the next five years, generating an estimated 250,000 jobs. This landmark investment, the largest outside Gujarat for RIL, aligns with the state's clean energy initiatives and promises significant economic benefits, including increased farmer incomes.
The Economic Times High-cost GPUs not fit for next phase of AI
The maker of SN40L reconfigurable dataflow unit (RDU) chip has positioned itself as a power-efficient alternative meant for better inferencing speed and accuracy as compared to Nvidia GPUs. Backed by investors like SoftBank, Blackrock, Intel Capital, GV, Walden International, Temasek and GIC, the AI chip maker is valued at $5.1 billion and serves customers like Saudi Aramco, Accenture and Analog Devices.
The Economic Times ED may summon Amazon, Flipkart executives as companies face heat in India
The Enforcement Directorate is intensifying its investigation into Amazon and Flipkart for alleged violations of foreign investment regulations. The agency conducted raids on sellers associated with both companies. The ED suspects that Amazon and Flipkart exert excessive control over inventory through these sellers. This practice potentially violates Indian laws governing foreign e-commerce companies. Both companies assert compliance with all regulations.
The Economic Times Hindalco to spend $4-5 bn on upstream expansion
Hindalco Industries plans to invest $4-$5 billion over three years to expand its aluminum and copper production facilities. The company reported a 78% jump in net profit for the September quarter, reaching ₹3,909 crore, driven by strong performance in its India business. This includes the construction of a new aluminium smelter, alumina refinery, copper smelter, and a copper recycling plant.
