HAPPINESS FACTORY
In solidarity with their solitary kids
While their children's voluntary solitary confinement is befuddling, one also wonders why parents need to go through the same gig. They could try and 'understand' their state of mind, not the reaction to it.
Biden's China tariffs are the end of an era for cheap Chinese goods
Biden's decision this past week to codify and escalate tariffs imposed by Trump made clear that the United States has closed out a decades-long era that embraced trade with China and prized the gains of lower-cost products over the loss of geographically concentrated manufacturing jobs. A single tariff rate embodies that closure: a 100% tax on Chinese electric vehicles, which start at less than $10,000 each and have surged into showrooms around the world but have struggled to crack government barriers to the U.S. market.
Honda announces new engine assembly line at its Global Resource Factory in Haryana
Honda Motorcycle & Scooter India unveiled a new engine line in Haryana for CKD exports, emphasizing innovation and efficiency. The assembly line, capable of producing 600 engines daily, caters to diverse customer needs and plays a vital role in the company's global expansion.
Tata Group in talks to acquire majority stake in Pegatron's Chennai iPhone factory
Pegatron in talks to sell Chennai iPhone unit to Tata. A person in the know said the transaction amount is set to be lower than that for the Wistron deal. Experts said Apple may want the deal closed as soon as possible because it wouldn't want any ownership confusion ahead of its annual launch.
India set to become exporter of forged wheels used in railways: Ashwini Vaishnaw
The Integral Coach Factory here has achieved the distinction of producing over 73,700 coaches since its inception in 1955 which is the highest by any passenger coach manufacturer in the world. ICF has exported more than 875 coaches and components to Thailand, Burma, Taiwan, Zambia, Vietnam and other countries totalling about Rs 1,004 crore of trade.
Google's once happy offices feel the chill of layoffs
Google's layoffs have included the YouTube vendor manager teams, causing disruptions in other areas of the business. Employees fear that the company may struggle to comply with the European Digital Markets Act by the deadline. Google has started rolling out consent screens but job reductions may impact compliance efforts.
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Ad agencies make a beeline to secure BJP's poll business
The Bharatiya Janata Party (BJP) has reportedly invited advertising agencies to pitch for its advertising business in the lead-up to the 2024 elections. Thirteen agencies, including Ogilvy and McCann Worldgroup, participated in the creative pitch, with a second round scheduled for February 6. In the 2014 elections, Ogilvy's sister agency, Soho Square, handled the 'Ab Ki Baar Modi Sarkar' campaign. In 2019, the campaign continued with taglines such as 'Fir Ek Baar Modi Sarkar' and 'Modi Hai Toh Mumkin Hai.' The BJP appears keen to secure effective advertising support as it heads into the upcoming elections.
Samsung to make Galaxy S24 series in Noida for sale in India, exports
Samsung will manufacture its latest Galaxy S24 series, featuring artificial intelligence (AI), at its India factory for domestic and international markets. The flagship devices include AI-based applications such as real-time voice call and message translation, improved image editing, camera effects, and Corning Gorilla Armor glass.
'Set things right at the earliest': BRS leader take a swipe at Revanth Reddy govt after top Apple supplier shifts to Tamil Nadu
BRS leader M Krishank criticized the newly elected government of Revanth Reddy in Telangana after Corning, a major investor initially considering the state, reportedly opted for Tamil Nadu. Krishank expressed concern over Telangana losing the company and hoped the new Congress government would rectify the situation. Previously, in September, BRS leader KT Rama Rao shared Corning's decision to establish a Rs 934 crore manufacturing unit in Telangana for Gorilla Glass production, creating 800 jobs.
Foxconn looks to expand Chennai iPhone facility; awe and nostalgia at Apple’s Mumbai store launch
Driven by the sharp increase in exports of Apple products from India, Foxconn is strengthening its manufacturing presence in the country. This and more in today's ETtech Morning Dispatch.
Watch video: Apple employees in China run away with whatever they have
Several workers in northern China were put under quarantine due to the coronavirus outbreak. Things went haywire when the Apple iPhone 14 assembly workers tried to escape to avoid the COVID restrictions. They left their workplace with whatever they had.
Equity investors aren't happy with better-than-expected US jobs data. Here's why
Officials at the Federal Reserve have been keeping a close eye on hiring and wages as they proceed with a series of rate increases meant to combat inflation. The job data indicates that, for now, they are doing so without tipping the economy into a recession that would throw millions out of work.
Chinese factory churns out British flags after queen's death
They turned out at least 500,000 the first week, according to general manager Fan Aiping.
Maruti to invest Rs 18,000 crore in Sonipat plant to roll out 10 lakh units per annum in 8 years
Currently, MSI has a cumulative production capacity of around 22 lakh units per annum across its two manufacturing plants in Haryana and parent Suzuki Motor's facility at Gujarat. The two plants in Haryana -- at Gurugram and Manesar -- together roll out around 15.5 lakh units per annum.
Toyota, VW plotting to beat Tesla, pouring billions into electric cars
Tesla, the pioneer and pacesetter, has dominated the early rounds of the new-energy age, capturing investors’ imaginations with a vision for what the next generation of vehicles looks like and seizing the nascent market for fully electric cars.
Ola’s dream of world’s biggest e-scooter factory hits hurdle
The Bengaluru-based unicorn, which has already delayed initial deliveries to mid-December from October, is pledging to fulfill rest of the orders by February. But people familiar said Ola, which counts heavyweights SoftBank Group Corp. and Tiger Global Management LLC as backers, is struggling to iron out manufacturing wrinkles and is able to make only as many as 150 units a day -- a slow pace if it has to deliver on time the 90,000 orders Aggarwal said it had received.
IAF base attack: Probe points at involvement of ordnance factory across border
"Picking up this kind of a target has added a new dimension to our security threats from terrorists. We have taken countermeasures. Certain additional technologies have been deployed along the border. We are trying to take extra precaution with regard to vital installations," Singh said.
Working with Daddy: ‘My daughter brings a sense of fulfilment that no colleague, boss ever can’
Children who started working with their fathers took home a special learning.
China factories go into overdrive but exporters are not happy
If exporters raise dollar prices in response to the yuan’s rise, that could hurt demand for their goods, but if they accept lower profits, they won’t have the money to invest in new capacity.
It's not a 'Happy Diwali' for firecracker industry as Covid fear looms
Governments have banned crackers as bursting these will lead to a spike in air pollution and that, with the winter air, could affect Covid patients. Besides, discouraging people from getting together to burst crackers would also help in controlling the spread of the infection.
Ram temple in Ayodhya: Hope, happiness and worries overflow
Shops along the Naya Ghat road in Ayodhya remained open but saw very few buyers. Some larger shops had doubled up as spots for locals to congregate and watch the puja proceedings and listen to the addresses of the PM and CM, among others, on television.
Chinese App Ban: AliExpress escapes the axe
AliExpress, which ships individual packages, had managed to keep a low profile despite allegedly using similar tactics.
View: India’s ban on Chinese apps sends out the right signal
After considering several wrong sanctions, it has found the right ones. India has banned 59 Chinese mobile apps.
OFB exports its newly developed 52-calibre barrels to Bofors
The OFB chairman said that it has exported two 52-calibre barrels to Swedish arms manufacturer Bofors AB, from which it had imported 155 mm howitzer guns in the mid-80s.
Club Factory’s seller base up four-fold
Over 200 sellers on the platform clocked in more than 15,000 orders per day, in the recently concluded Black Friday Sale in November. Most of the sellers were onboarded after June.
Netherlands to cooperate with India to become the food factory of the world
The Netherlands is the second largest exporter of agricultural products in the world (2018: US$ 100 billion) and has vast experience in managing supply chains for fresh vegetables, food and flowers to market destinations all over the world.
PM props Vande Bharat train as symbol of people's aspirations; its production still in limbo
The railways recently said that it has decided to float fresh tenders for components for the third edition of the country's first indigenous train.
Australia shares fall on weak China factory data; NZ flat
The index advanced for a fourth straight month in April, gaining 2.3 per cent.
Happy with receipts, government hints at GST cut
With collections showing signs of improvement, there is expectation of a fresh round of cuts before next year’s general elections.
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