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New-age job roles: How India can engineer a future beyond software
With nearly 1,600 international corporations operating captive units, 1.7 million highly educated professionals are employed. It might theoretically increase its pool of relevant talent if it made a concerted effort to improve both the number and calibre of the more than 2.5 million Ph.D.s and graduates in science, technology, engineering, and medicine that India produces each year.
Counterstrike! China eyes trade war targets across Europe
Trade war: China is preparing to retaliate against the European Union over proposed tariffs on electric cars. Targeted products include brandy from France, pork from Spain, wine primarily from France, and cars from Germany. The potential trade barriers aim to comply with WTO rules but could impact European exporters significantly.
Can India’s Rafale slay China’s ‘Mighty Dragon’ deployed near LAC?
New satellite imagery reveals the deployment of J-20 stealth fighter jets by PLA Air Force near LAC. India seems confident that newly-acquired Rafale fighters and S-400 air defence systems can effectively thwart any Chinese threats
Tata Motors to revive Jaguar Land Rover's Freelander as a Made-in-China EV
Jaguar Land Rover is reviving the Freelander as an electric vehicle for the Chinese market through a partnership with Chery Automobile. Produced under their CJLR joint venture, the new Freelander aims to compete in China’s EV market and boost Tata Motors' electric profitability. Global expansion plans are also in place
In China's backyard, America has become a humbler superpower
Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for the century to come: the Asia-Pacific.
iCET Meet: Doval, Sullivan focus on co-production, co-development, R&D
NSA Ajit Doval and US counterpart Jake Sullivan met for the second iCET meeting, focusing on co-production, co-development, and R&D. They emphasized staying at the forefront of innovation and coordinating with allies for secure technology solutions. They highlighted the need to safeguard sensitive technologies from leaks to countries of concern, without naming China.
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Japan's economy is shrinking, although slightly less than previously thought
Japan GDP growth: Revised government data shows Japan's economy shrank at an annual rate of 1.8%, an improvement from the initial estimate of 2.0%. Private sector investments were revised to minus 0.4%. Weak consumer spending, a depreciating yen, and a scandal involving improper vehicle tests at major automakers are among the challenges faced. The Bank of Japan's next move is closely watched.
Third term for Modi likely to see closer defense ties with US as India's rivalry with China grows
Prime Minister Narendra Modi emphasizes on boosting India's military preparedness and clout, focusing on expanding defense production and exports to counter China's influence in the Indo-Pacific region.
Very strong relations with India; co-producing armored vehicles: US Defence Secretary Lloyd Austin at Shangri La Dialogue
At the Shangri La Dialogue in Singapore, US Defence Secretary Lloyd Austin praised the strong US-India relationship. He talked about advancements in co-producing armoured vehicles and fighter jet engines. He emphasised the shared values between the two nations and predicted continued progress and momentum in the partnership. The strong ties are important for the two countries amid trouble in the Indo-Pacific region.
India bankers brace for IPO surge as election uncertainty lifts
About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.
BYD launches new hybrid vehicle tech that promises 100 km with just 2.9 litres fuel
BYD in China launches latest plug-in hybrid technology achieving record low fuel consumption of 2.9 litres per 100 km. Unveiled by Chairman Wang Chuanfu in Xian, Shaanxi province, site of BYD's first automaking factory.
China slammed in G-7 show of unity threatening trade escalation
Group of Seven finance chiefs criticized China's global trade practices, escalating tensions. The G-7 expressed concerns about China's non-market policies affecting economies and hinted at retaliatory measures.
Slowing EV sales are upending banker climate strategies
The global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and US. Policy interventions are expected due to China's dominance and US tariff increases on Chinese imports.
If China invades Taiwan, ASML and TSMC can disable chip machines
ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have measures in place to remotely disable chipmaking machines in the event of a Chinese invasion of Taiwan. The US government has expressed concerns about the impact of such an attack on the global semiconductor supply chain. ASML's advanced EUV machines are crucial in this scenario, with TSMC being a major client. The stakes are high as Taiwan produces around 90% of the world's most advanced chips.
Starbucks India-origin CEO shares touching story behind his missed Harvard chance and his mother's role in it
Starbucks CEO Laxman Narasimhan recently expressed deep gratitude on LinkedIn for his late mother's profound influence, particularly poignant as he faced his first Mother's Day without her. He credited her resilience and selflessness, emphasizing how her sacrifices shaped his life's trajectory.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
Tariffs and timidity are driving US carmakers into a ditch
Biden's Inflation Reduction Act aims to boost the economy and shift to zero-emission cars. Ford, GM struggle with EV targets. Tesla cuts workforce, US EV sales rise modestly. Biden plans tariffs on Chinese clean tech, facing challenges ahead.
Tesla ramps up job cuts in China as sales slowdown bites
Tesla Inc. is escalating job cuts in China to regain market share, with layoffs extending to various departments at its Shanghai plant. The company faces challenges amid a global EV demand slowdown, intense competition, and shrinking market share. Despite layoffs, Tesla secured approval for its driver-assistance system in China.
Mercedes retreats to gas guzzlers as EVs fail to boost profit
Mercedes-Benz Group AG is adjusting its electric-vehicle goals due to weakening sales, opting for combustion engines longer. CEO Ola Källenius cites slower transformation, pledging to make combustion and hybrid vehicles into the 2030s if demand persists. Disappointing electric model orders and lower margins prompt the shift, reflecting wider industry challenges.
China’s solar panel giants say prices are near the bottom
The companies are trying to turn a corner after solar manufacturers saw profits vanish as a wave of new factories that were aimed at capturing a growing market came online in the past year.
KPIT Tech Q4 Results: Net profit zooms 49% to Rs 165.9 crore; co expects slower revenue growth in FY25
Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins.
Titan, Murugappa may make iPhone camera parts to keep China out
Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.
Maldives signs deal with China for redeveloping airport
The redevelopment of Kadhdhoo domestic airport into an international airport entails a 2.45-km runway with a terminal capable of handling 300 passengers during peak hours, according to a press release by the Maldives President's Office.
How China beat the US in the great EV race
US lags behind China in EV market despite initial advantage. China's strategic policies and dominance in battery tech contribute to its success. Differences in intent and systems shape each country's approach to vehicle electrification.
Janet Yellen sees 'more work to do' as China talks end with no breakthrough
Despite a warm welcome on her second trip to China as Treasury secretary, which included meetings with the premier and with senior economic and finance officials, it was evident that the level of trust between the two sides does not run deep.
Megha Engineering, the company that spent over ₹1,200 crore on electoral bonds, began life as a small pipe-maker in Hyderabad
Between April 2019 and November 2023, Hyderabad-based Megha Engineering & Infrastructures Limited shelled out ₹1,232 crore — some of it directly and some through its associated companies. MEIL spent ₹966 crore, while its offshoots Western UP Power Transmission Co Ltd, SEPC Power, and Evey Trans Pvt Ltd spent ₹220 crore, ₹40 crore, and ₹6 crore, respectively.
India halts Pakistan-bound ship from China suspected of carrying nuclear cargo
Indian security agencies have intercepted a Pakistan-bound ship from China at Mumbai's Nhava Sheva port, suspected to be carrying a 'dual-use consignment' for Islamabad's nuclear and ballistic missile programme. The consignment included a CNC machine by an Italian company, inspected by customs officials and DRDO. This highlights concerns of Pakistan using China as a conduit for restricted items. Previous instances include China supplying an autoclave under the cover of an "industrial dryer" to Pakistan in 2020.
Just how climate-friendly are timber buildings? It’s complicated
The wood components are strong enough to hold up an office tower or apartment block, and building with them is thought to emit much less CO2 than using standard materials.
Electronics industry needs China help now for design, engineering, but will become self reliant: Boat CEO
Boat, a homegrown wearables brand in India, believes that the local electronics industry needs engineering and design support from Chinese companies due to a lack of capabilities. However, Boat aims to reduce its dependence on Chinese suppliers in the long run to become self-reliant. The company acknowledges that China plays a significant role in the electronics manufacturing ecosystem.
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