CLUSTER 2
Kaynes, six others plan investment in Mysuru’s electronics cluster
State IT minister Priyank Kharge said Bengaluru will be the semiconductor design hub of the country but Mysuru will be a complementary cluster. Kaynes Technology has proposed an investment of Rs 150 crore on 20 acres land.
Rafah is a dusty, rubble-strewn ghost town 2 months after Israel invaded to root out Hamas
Following Israel's incursion, Rafah in Gaza lies in ruins, with most civilians evacuated. Hamas forces nearly defeated, but humanitarian crisis deepens with aid delivery stalled. Hospitals facing fuel shortages as combat continues. International media witnesses devastation in the war-torn city.
IBM, Gujarat govt ink pact to establish AI cluster at GIFT City
Under this partnership, IBM will provide software technologies and platforms over a cloud environment enabling financial institutions to customise and fine-tune large language AI models in a sandbox environment. IBM will also aim to build a digital assistant-based solution that facilitates the onboarding and integration of these customised large language models for financial institutions.
NASA's Chandra telescope reveals stunning details of Milky Way's super star cluster
In a groundbreaking study, NASA's Chandra X-ray Observatory has revealed new insights into Westerlund 1, the largest and closest 'super' star cluster to Earth. Led by astronomers from the Italian National Institute of Astrophysics in Palermo, the Extended Westerlund 1 and 2 Open Clusters Survey (EWOCS) project marks a significant milestone in understanding this cosmic phenomenon. Chandra's observations, combined with data from other NASA telescopes, show a vibrant star cluster with active star formation and a halo of hot gas surrounding its core.
Is the 45-day payment rule helping the MSEs?
The 45-day rule for expediting payment to MSEs has led to price cuts of 3-5% as big brand retailers demand concessions due to shorter payment cycles.
Time to stop 'FLiRT'ing: Here is what we know about the Covid variant
A new Covid variant is spreading rapidly across the US, raising alarms within the medical fraternity. There are also concerns about a possible summer wave around this new Covid variant.
View: Overturn cultural practices and dogmas to spur our companies to spend on R&D
WhatsApp showcases tales of ancient glory, while global reports highlight India's rankings in hunger, press freedom, and sustainable development. India ranks 40th on the GII 2023, above all BRICS nations except China.
KIMS: Healthy prospects ahead; why analysts are bullish on this stock
KIMS operates a network of 12 hospitals across Telangana, Andhra Pradesh and Maharashtra with a total bed capacity of 3,975 beds. A JM Financial report is bullish on the stock due to expansion-led growth, stable margins, and valuation comfort. It trades at a 12-month forward EV/EBITDA of 21.4 times, a 12.4% discount to the industry median, according to Reuters-Refinitiv data.
We wish to grow in SOBO market which will see resurgence of residential developments: Boman Rustom Irani, Keystone Realtors
Keystone Realtors, led by Boman Rustom Irani, are expanding into SOBO due to city infrastructure growth. FY25 outlook is positive, with FY24 surpassing expectations. Strong OCF, acquisitions, and partnerships contribute to the company's success. The real estate sector in Mumbai is poised for growth, driven by infrastructure development and a surge in redevelopment projects.
Evaluation of infrastructure requirements for achieving $1 trillion exports by August-September: Official
A study by the Asian Development Bank is underway to assess infrastructure needs and identify industry clusters to achieve India's USD 1 trillion merchandise export target by 2030. In 2023-24, exports dipped to USD 437 billion and imports to USD 675.4 billion. Investments in roads, ports, airports, and railways are crucial for handling the projected USD 2.5 trillion trade. Key sectors expected to drive export growth include electronics, pharmaceuticals, and marine products, with clusters in Chennai, Bengaluru, Gujarat, Odisha, and West Bengal.
A brief history of the 2,000-pound Mark 80 bombs central to U.S.-Israeli tensions
The Mark 84 is a 2,000-pound bomb, part of the Pentagon's Mark 80 series. President Biden delayed a shipment to Israel of these bombs amid concerns over their use in Gaza, where civilian casualties have occurred. Israel mainly acquires these bombs from the United States.
Why the US paused weapons shipment to Israel amid Gaza conflict
Amidst escalating violence in Gaza, the US has suspended a shipment of heavy bombs to Israel, citing concerns over civilian casualties. President Joe Biden emphasized the commitment to Israel's defense but stated that offensive weapons for densely populated areas would not be supplied. The decision comes amid a military assault in Rafah, raising questions about the impact of US arms in conflict zones. This development reflects a broader effort to balance support for allies with humanitarian considerations in conflict zones.
We are hoping to be closer to 25% of MSME lending in India in 2-3 years: SIDBI’s Prakash Kumar
Prakash Kumar, DMD, SIDBI explains the various initiatives being undertaken by them to reform the MSME ecosystem and why bringing more micro enterprises within a formal structure is essential to growth.
SIDBI ET MSME Conclave: Last session in Aurangabad on March 19 to focus on cluster development and improving MSME competitiveness
The programme is now entering its last session which will be held in the city of Maharashtra with the aim to host and uplift its entrepreneurs and small businesses.
Accenture Strategy makes most offers in Cluster 1 of IIM Ahmedabad final placements
Prominent recruiters in consulting included regulars such as Oliver Wyman, BCG, McKinsey, Kearney, Strategy& Middle East, Monitor Deloitte, Simon-Kucher, Praxis Global Alliance, PwC, TCS and KPMG. Companies in the Investment Banking and Markets space included Goldman Sachs, Avendus Capital, Arpwood Capital, Barclays, HSBC, and DE Shaw.
Mahindra World City, Chennai signs MoU with Government of Tamil Nadu, to invest over Rs 1,000 Crores
Mahindra World City Developers Limited (MWCDL) has inked a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest over Rs 1,000 crore in the next five years. This investment, centered around the launch of Origins by Mahindra – Phase II at Eliambedu village in Chennai, is expected to create employment opportunities for more than 2,000 people in the state.
Aster DM Healthcare to set up 55-acre solar project to power seven hospitals in Kerala
Aster DM Healthcare has announced plans to build a 55-acre solar plant in Kasargod, India, aimed at powering seven hospitals in Kerala. The project, part of the company's sustainable healthcare practices, is expected to produce 10 MW of power, with the first phase covering a 27-acre plot set for completion by March 2024.
Maharashtra cabinet approves guidelines for cluster universities
Cluster universities will be public universities and the Maharashtra Governor, as chancellor of the universities, will appoint their vice chancellors, it said. At present there are three cluster universities in the state.
Mahindra top recruiter in Cluster 2 of IIM-Ahmedabad summer placements
The firms that participated in Cluster 2 for the PGP class of 2025 comprised seven cohorts - advertising and media, consumer electronics, consumer goods & durables, consumer services, conglomerates, retail B2B & B2C, and pharma and healthcare. "We saw a large pool of recruiters offering around 60 roles in the process," the institute said.
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