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Accenture acquires Excelmax Technologies to expand semiconductor design services
Accenture acquired semiconductor firm Excelmax, adding 450 professionals and expanding into AI, automotive, and consumer devices. Following the XtremeEDA acquisition and $2.3 billion in investments in Q3 FY24, CEO Patil cited new innovation opportunities. Group Chief Narain highlighted generative AI. Excelmax excels in design-to-layout execution, crucial for Accenture's comprehensive silicon solutions. Financial terms remain undisclosed.
Union Budget: Will Budget 2024 book tourism’s ticket to growth?
Budget Expectations: The 2024 interim Budget saw a 44.7% increase in tourism sector allocation, a promising sign for industry growth. With job opportunities on the rise, stakeholders eagerly await the upcoming Budget announcements. Strategic investments in infrastructure and connectivity are crucial for India's booming domestic travel market. Expectations include simplified GST regulations and tax reforms to drive sustainable tourism practices and economic growth.
Congress slams govt over mobile phone tariff hike by 3 leading firms
The Congress party criticized the Modi government for allowing three major private telecom companies—Reliance Jio, Bharti Airtel, and Vodafone Idea—to increase mobile service tariffs, accusing them of profiteering from 109 crore users. Congress leader Randeep Surjewala condemned the unilateral tariff hikes, highlighting that the companies collectively raised rates by an average of 15% effective July 3 and 4, 2024.
Beyond Kotak, is there a China connection to the Hindenburg exposé on Adani?
Social media is rife with claims that the wife of Mark Elliot Kingdon, the man on whom the spotlight fell following Sebi's revelations, has had ties with the Chinese Communist Party and thus China could be another actor in the Hindenburg saga.
Infra cos step up hiring betting on govt focus on sector
India's infrastructure sector is hiring millions in unskilled, semi-skilled, and skilled labor segments, with expectations that the new government will continue investing in infrastructure development, including highways, roads, and airports. An estimated 9.8 million jobs are expected to be created in FY25, driven by strategic investments and ambitious plans for transportation and logistics development.
Indian financial services sector is experiencing a significant upswing: Inventure Growth & Securities’ Kanji B Rita
India's financial services sector is poised for sustained growth. By leveraging the demographic advantage, embracing technological advancements, and prioritizing financial inclusion, a robust and inclusive financial ecosystem can be built, says Inventure Growth’s Kanji B Rita.
PM Gati Shakti scheme is transforming India's infrastructure: Morgan Stanley
In a recent report, Morgan Stanley has lauded India's PM Gati Shakti scheme, highlighting its significant impact on infrastructure development. The report emphasizes India's robust increase in infrastructure investment, projected to rise from 5.3% to 6.5% of GDP by F29, driven by a strong 15.3% CAGR. This growth is expected to total USD 1.45 trillion over five years, fostering high productive growth and enhancing investment rates. PM Gati Shakti integrates 16 ministries for coordinated infrastructure planning, focusing on multi-modal connectivity and logistics efficiency, which has shown tangible results in project completion and sectoral development.
10 Best TVs in India (May 2024): Step into the World of Entertainment with Leading Brands
Upgrade your home entertainment setup with the best TVs in India, offering an unmatched viewing experience. From renowned brands like Sony, Samsung, LG, and more, these TVs redefine visual excellence with features like 4K Ultra HD resolution, HDR support, and cutting-edge display technologies. With advanced audio technologies like Dolby Atmos and smart features such as Google Assistant and Voice Search, these TVs provide intuitive interfaces, and personalized recommendations. Read on and decide which tv to buy with ease.
10 Best TVs Under 50000 with Industry-Leading Technologies (2024)
If you have been planning to upgrade your TV set, then you are at the right place. In this article, we shortlisted the 10 best TVs within 50000, along with their salient features, to help you choose the right one based on your preferred size, display, and quality of sound.
UP Public Service Commission paper 'leak': Water bottle trick uncovered after arrest of 5 engineers
Six individuals arrested in Prayagraj for the paper leak of the Review Officer/Assistant Review Officer Examination-2024, which originated from a printing press in Bhopal. The individuals arrested include a printing press worker. The STF reported the seizure of a laptop, six mobile phones. Earlier, ten other individuals had been arrested in relation to this case.
Trai move to charge for numbers will increase cost for users, telcos say
Industry executives believe that charging telecom companies for numbering resources allocated by the Telecom Regulatory Authority of India will lead to increased costs for users. They argue that SIM cards are a necessity and any additional fees will be passed on to subscribers.
Minister & Policy Continuity: Will it lead to re-rating getting sustained ? 7 stocks of railway’s ecosystem.
While it became clear on the day of the election result only that the same government is going to continue. Some doubts were raised as to whether there would be a shift in policy focus. A part of the answer has come in the form of portfolio allocation. Some of the key sectors which mattered to the street because they had seen a re-rating and valuations are high, the continuation with the same minister is an indication that government is clearly focussed on continuation not only with a policy focus but it also does not want to waste time in getting a new minister and spending time in him/ her understanding the core work. Now this should bring relief to some companies as their projected plans and workflow will continue. Which means that expected growth which the market has put in its estimates of earning has a high probability of continuing.
SUVs roar on country roads as sales from rural India sees a spike
Hyundai Motor's top three cars sold in rural India during January-April 2024 were all SUVs, nudging out the small car Grand i10 from the podium for the first time. SUVs such as Exter, Venue, and Creta accounted for two-thirds (67%) of Hyundai's rural sales in the first four months of the calendar year.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
Best Selling Godrej ACs under 40000 in India 2024 (May)
The summer season has completely taken over the country and is making us bear extremely hot days. On such days, air cooling systems like air conditioners work like magic and provide much-needed relief from soaring temperatures. In this article, we have curated a list of the best Godrej ACs, equipped with the latest technologies including a 5-in-1 convertible mode, self-cleaning mechanism, and silent operation to help you get through the season.
Cabin crew crisis: Air India Express cancels over 100 flights; impacts 15,000 passengers
Air India Express has canceled over 100 flights impacting around 15,000 passengers as cabin crew protest alleged mismanagement. The airline will operate reduced flights until May 13 due to a shortage of crew. Civil aviation ministry seeks a report and urges prompt resolution. Passengers, mainly traveling to Gulf nations, faced delays and protests at airports in Kerala.
A startup needs to find balance between growth and profitability: Sanchi Connect’s Sunil Shekhawat
Sanchi Connect wants to build relationships and connections among deep tech early-stage founders with the institutional funding ecosystem.
NTPC Green Energy inks pact with Indus Towers to develop renewable energy projects
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed an initial agreement with Indus Towers Ltd (ITL) to collaborate on developing grid-connected renewable energy projects, including solar, wind, and energy storage solutions. This move aligns with the Indian government's push for a carbon-neutral economy.
View: Telecom connections just got better
The Telecommunications Bill 2023 is seen as a positive step, particularly for satellite services, as it introduces the provision for administrative assignment of spectrum, aligning with global practices. The shift away from spectrum auctions for satellite services is observed in countries like the US, Brazil, Australia, Germany, Britain, and Taiwan.
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