BOOSTS
Samsung in talks with component partners to boost ops in India: TM Roh
Samsung sees India as a key market, with Noida and Bengaluru among its largest R&D centers. At Samsung Unpacked 2024, President TM Roh emphasized ongoing partnerships with Indian component suppliers and the importance of the Indian market for manufacturing. The event showcased new products, including foldable smartphones and the Galaxy Ring, highlighting India's growing influence in Samsung's operations.
Hiring in manufacturing gets a boost amid rapid growth
India’s manufacturing sector grew 40% between June 2022-2024. CNC jobs rose 160%, production supervisors 155%, machine operators 119%. Indeed attributes this to modernisation and specialised skills. Sashi Kumar cited communication skills (17% demand), CNC skills (10%), manufacturing (9%), English (8%), and CNC programming (6%).
L&T expects to win more global orders on ratings boost
Larsen & Toubro anticipates a surge in its international business following higher global credit ratings than the sovereign. With increased access to international projects, the company aims to strengthen its presence in the Middle East, focusing on renewable energy, urban infrastructure, and oil and gas projects.
Is the upcoming Paris Olympics turning into a financial flop? Here's what we know
The upcoming Paris Olympics was touted to boost tourism and uplift the financial condition of France but there are no certainties on this happening, leading to concerns around it being a failure in the economic aspect of things, suggest reports. Will this turn out to be a fruitful investment for France in the end?
GST, tax reforms will boost growth, equity in insurance sector
The insurance industry in India is gearing up for the Union Budget with expectations for tax reforms, universal health schemes, and social security measures. Collaborative efforts and proactive risk management strategies are highlighted as crucial for creating a financially secure and resilient India.
Govt to boost educational resources for deaf learners
ISLRTC and YUNIKEE join forces to enhance educational resources for deaf students. The agreement focuses on creating 23 sign language courses and 500 educational concept videos in Indian Sign Language. No financial involvement, just a strong collaborative effort.
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It is AI all the way for manufacturing majors looking to boost ops
Top Indian manufacturing leaders like Maruti Suzuki, Apollo Tyres, Godrej & Boyce, and Saint-Gobain are embracing artificial intelligence (AI) to boost efficiency and safety. AI adoption has streamlined operations, cut costs, and reduced workplace incidents significantly. Companies are deploying AI for tasks ranging from production optimization and sales forecasting to employee development and quality control. This strategic shift underscores a broader trend in the industry towards leveraging advanced technologies to drive productivity and operational excellence.
Budget 2024: For micro, small & medium cos, a major funding boost
The upcoming budget may introduce a scheme to address credit gaps for MSMEs, potentially exceeding ₹10,000 crore. Interventions could include interest subvention and credit guarantees. The aim is to enhance credit access for the sector and promote growth. Stay updated for further developments as the budget approaches.
Meta and Vodafone optimise video to boost network efficiency
Meta and Vodafone optimized video delivery across 11 EU networks, easing capacity. Ericsson reported 25% traffic growth by 2024, driven by video at 73%. Alberto Ripepi called it pragmatic amid Big Tech scrutiny. April trials cut Meta's UK traffic. Gaya Nagarajan stressed innovation; Telefonica also optimizes. EU 5G investment push stalled by 2023 end.
5 veggie superfoods to boost collagen naturally
Especially the red variety, are loaded with vitamin C and antioxidants that support collagen production and protect skin cells from damage.
Want more engagement on Instagram? Follow CEO Adam Mosseri's expert advice
Instagram Head Adam Mosseri shared valuable tips to help users boost their engagement on the platform. He emphasized the importance of monitoring post performance beyond the first few hours, engaging with comments for up to a week, and focusing on shares as a key metric of success. Mosseri also highlighted that carousels offer multiple opportunities for visibility and stressed that engagement rate is more important than follower count.
AI set to revolutionize global banking, boosting profits by $170 billion by 2028: CITI report
The report highlighted AI's role in combating financial fraud. While countries like the European Union, China, and Singapore have emerged as early adopters of AI regulation in finance, the United States has taken a cautious approach, lagging behind in regulatory initiatives. India, on the other hand, has shown a fluctuating stance on AI governance.
Budget 2024: Fin Min considering income tax rate cuts to boost consumption
BUDGET expectations: The Indian government is exploring personal tax cuts for individuals earning over ₹1.5 million annually to boost consumption and savings. This move, considered for the July budget after the BJP’s electoral setback, aims to address inflation and unemployment concerns. These adjustments may modify the existing 2020 tax scheme, potentially lowering the 30% top tax rate.
GDP to grow 8% in FY25 on agriculture, services boost: CII
According to the industry body, the agriculture sector is likely to grow at 3.7% in the current fiscal, compared with 1.4% last year, whereas the services sector may see a growth of 9% against 7.9% a year back.
Oracle gains as cloud infrastructure business gets AI boost
Oracle shares surged 9% on Wednesday due to high demand for its cost-effective cloud services for AI applications, potentially adding $28 billion to its $340 billion market value. The company's cloud unit aims to grow by offering affordable cloud computing and storage, competing with Google and Microsoft.
Electronics cos charged up for big revenue boost, set to double revenues to $55 billion by FY2027
India's EMS industry revenues are projected to double to $55 billion by FY27, driven by local component sourcing. Apple, Samsung, Lenovo, and other global firms are set to expand operations in India.
Nilesh Shah on factors that are driving the surge in FMCG stocks
When you want to play a game of bowling, you need guardrails and it does stop your ball going into other lanes. Regulatory supervision is the guardrail. If you want to play the game, guardrails are necessary. In my opinion, RBI is formulating rules, regulations, keeping in mind what is probably happening at the lowest common denominator.
China’s exports surge more than expected in boost for economy
Beijing is relying on sales abroad to offset weak consumer spending at home, where a real estate slump has led households to tighten their belts.
Naveen Patnaik seeks to boost morale of BJD leaders, assures them of leading from front
In a bid to uplift the spirits of the defeated party leaders, BJD president Naveen Patnaik reassured them of his unwavering leadership during a meeting held at his residence, Naveen Niwas, in Bhubaneswar. Despite losing power in Odisha after 24 years and failing to secure a majority in the state assembly as well as any Lok Sabha seats, Patnaik expressed his commitment to guiding the party forward.
Likely Modi win to boost Indian infrastructure, manufacturing stocks
Indian shares set to open higher on Monday as exit polls project third term for PM Narendra Modi. Gift Nifty at 23,353 points, indicating Nifty 50 to open higher. Market sentiment boosted by exit polls favoring incumbent government.
Ethereum ETF approval boosts Bitcoin, says Michael Saylor; Raboo Presale soars
ETF legitimisation positively impacts cryptocurrencies. Ethereum ETF approval boosts crypto prices, benefiting tokens like Raboo ($RABT) which raised $1.5 million in presale, expecting a 100x gain. Michael Saylor anticipates a BTC boom post approval, aligning with Raboo's potential for significant price gains.
This bank holiday 'hack' can help UK employees boost their retirement pots. All you need to know
Every employee wants to earn a few more bucks and boost his retirement pots but cannot figure out how. Well, it looks like we have got you covered as this bank holiday 'hack' will help boost their retirement funds by £3,000.
Dr Reddy's, Cipla, Sun Pharma & others to see FY25 revenue boost in key US market, says India Ratings and Research
Indian drugmakers, such as Dr Reddy's, Cipla, and Sun Pharma, are projected to maintain revenue growth in fiscal 2025, driven by drug shortages in the U.S. market. With 233 drugs in short supply, Indian companies are poised to benefit from the challenges faced by U.S.-based generic pharma manufacturers, leading to improved financial performance and increased market share in therapeutic categories.
India’s scorching summer brings earnings boost for these stocks
India recorded its highest temperature of 50C (122F) in Rajasthan on Saturday. The hot spell coincides with the nation’s weekslong elections that’s drawn million of voters to campaign rallies and polling stations.
Asia shares touch two-year top as China plans property boost
Brent crude futures touched a one-week high of $84.14 a barrel in early trade, with the crash, in heavy fog, of a helicopter carrying Iran's president drawing traders' attention to the Middle East. Gold hovered close to a record high at $2,423 an ounce.
10 Best Kadhas for immunity boosting in India (May 2024)
Explore the best kadhas for immunity-boosting in India, blending ancient Ayurvedic wisdom with modern wellness. Harnessing the power of traditional herbs and spices, these potent concoctions fortify the body's defences naturally. From tulsi and ginger to turmeric and cinnamon, each brew offers a holistic approach to strengthening immunity. Embrace centuries-old remedies and unlock the secrets to robust health in a single cup.
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