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The Economic Times
The Economic Times Indian IT industry to see 30-35 pc high demand for niche tech roles in 2025
The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, according to a new report.
The Economic Times Google-backed Pixxel raises additional $24 mn in Series B round
The funds will enable Pixxel to accelerate the development and launch of its entire constellation of 18 commercial hyperspectral satellites planned for the near future, Pixxel said.
The Economic Times Edge AI chip startup Netrasemi raises Rs 10 crore in pre-Series A round from Unicorn India Ventures
Anil Joshi, Managing Partner, Unicorn India Ventures, said, “There are attractive opportunities in the Edge AI software market and there is absolutely no denying that the AI industry has the potential to transform various sectors. The funding accelerates Netrasemi’s mission to deploy the solutions on a better scale.”
The Economic Times PLI had led to Rs 1.25 lakh crore investments: PM Modi
Prime Minister Modi announced that India's Production Linked Incentive (PLI) schemes have attracted over Rs 1.25 lakh crore in investments, boosting manufacturing and exports. He highlighted Rajasthan's potential in electric vehicle and electronics manufacturing at the Rising Rajasthan Global Investment Summit, where Rs 35 lakh crore worth of investment agreements were signed.
The Economic Times India-Russia tie-up gives Navy its latest hi-tech stealth frigate
"India and Russia will enter a new era of cooperation by taking advantage of each other's expertise in areas such as AI, cyber-security, space exploration and counterterrorism," Singh said, adding that INS Tushil's commissioning was "a significant milestone" in the long-standing strategic partnership between the two nations.
The Economic Times Bengaluru court orders OnePlus to pay Rs 5,000 for not giving user manual to Nord CE 3 smartphone buyer
The man complained about having trouble using his new phone due to lack of user manual, and approached the court. The court ordered OnePlus to pay him Rs 5,000, in addition to court costs.
The Economic Times Amazon India commits $80 billion in MSME exports, launches Amazon shipping and freight
Amazon India pledged $120 million to support startups focused on domestic manufacturing and brand exports at its Amazon SMBhav 2024 event.
The Economic Times Rockwell Automation looks at India as important manufacturing hub
Rockwell Automation, expanding beyond software and IT, is establishing a Chennai manufacturing hub. The two-phase factory, starting production in May 2024, will initially focus on the semiconductor sector and later on data centers. This move aligns with India's goal of boosting manufacturing's GDP contribution and creating jobs.
The Economic Times LG plans to set up manufacturing unit at Andhra, fears competition from parent entity
However, it also added that despite localisation efforts, there is a persisting reliance on foreign components and finished products, especially in the premium segment.
The Economic Times Cadbury parent Mondelez exploring Hershey acquisition: Report
Mondelez International, the owner of Cadbury, is considering acquiring Hershey, potentially creating a confectionery giant. Hershey's shares surged 17% following the news of the preliminary approach, while Mondelez's dipped about 4%. This isn't Mondelez's first attempt; a $23 billion bid was rejected in 2016. There's no guarantee a deal will be reached.
The Economic Times Reliance Industries seeks up to $3 billion loan for refinancing
Reliance Industries is discussing a potential $3 billion loan with banks to refinance debt due in 2025. This move would mark the conglomerate's return to offshore borrowing since raising over $8 billion in 2023. The loan comes as the Indian rupee weakens and Reliance Industries maintains a credit rating higher than India's sovereign grade.
The Economic Times Outgoing RBI Governor Shaktikanta Das highlights inflation-growth balance, cybersecurity, and geopolitical risks as key challenges ahead
Outgoing RBI Governor Shaktikanta Das Highlights Restoring Inflation-Growth Balance, Cybersecurity, and Geopolitical Risks as Key Priorities for Central Bank in Future.
The Economic Times Lenskart to set up world’s largest eyewear manufacturing facility in Telangana with Rs 1500 crore investment
Lenskart is investing Rs 1500 crore to build the world's largest eyewear manufacturing facility in Telangana, India. The factory at Fab City will produce eyewear and accessories for domestic and international markets, creating about 2100 jobs. Telangana was chosen for its business-friendly environment, and an R&D facility may also be established later.
The Economic Times Digital India has laid foundation for ‘Viksit Bharat’ by 2047: Minister Kirti Vardhan Singh
Over the past 11 years, the government has brought a digital revolution, inspiring citizens to work digitally, which has had an unprecedented impact on 1.4 billion people, the minister said during a press conference on ‘Digital Infrastructure and Connectivity’.
The Economic Times Shaktikanta Das remembers Late Arun Jaitley; extends gratitude to PM, FM
Shaktikanta Das finished his term as RBI Governor. He thanked Prime Minister Modi, Finance Minister Sitharaman, and the late Arun Jaitley. Das acknowledged the support of the RBI team and stakeholders. He oversaw the bank during challenging times. Sanjay Malhotra, the current Revenue Secretary, has been named the new RBI Governor.
