EXPERTS EMERGING TECHNOLOGIES
Bharat FIH plans factory reset on board, order woes
Foxconn group's Bharat FIH is facing challenges as it loses key directors and considers closing its Sri City facility due to reduced orders from Xiaomi, its main client. The company's dependence on Xiaomi has led to a decline, with industry watchers noting a lack of diversification. Bharat FIH struggles to pivot to other sectors and compete with PLI benefits offered to competitors like Dixon.
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
India has the second-highest open access quantum computing users after US, says IBM executive
In an interview to ET, Jay Gambetta, vice president of IBM Quantum, said he saw big opportunities for India to become a pioneer in quantum computing in use cases as varied as sustainability and green hydrogen, efficiency of CO2 recapture process or nitrogen in agricultural yield and logistics.
As new criminal laws come into effect, here's what experts think of their impact on legal system
It is said that these laws will affect a large number of citizens at some point in time or the other in their lives. The passing of the three criminal law bills in Parliament last year sparked a series of debates regarding the need to take such steps towards evolution in the field of law with the introduction of new criminal laws.
After iPhone, Foxconn’s next big revenue project in India is AI servers
Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities, sources told ET.
Elastocalorics, carbon-capturing microbes among top 10 emerging technologies: WEF
The WEF said these top 10 emerging technologies focus on applications in health, communication, infrastructure and sustainability. The report also states AI will enable researchers to make unprecedented connections and advancements in understanding diseases, proposing new materials, and enhancing knowledge of the human body and mind.
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Amara Raja shares rally 20% to fresh highs as company signs agreement for lithium ion batteries
Amara Raja Energy partners with Gotion High-Tech for advanced cell manufacturing, accessing technology, Gigafactory facilities, and battery materials. Collaborations with InoBat strengthen LiB battery development.
Vedanta promoted Hindustan Zinc's shares jump 6% on MoU with US battery maker
Hindustan Zinc's shares surged 6% after signing an MoU with AEsir Technologies, Inc. for zinc supply, a key material for next-gen batteries. AEsir specializes in zinc battery tech, part of global energy transition efforts.
MFs cut weight on technology stocks by 170 bps in just 3 months. What are cues for investors?
In May, several MFs reduced tech stock weights by 0.1%-0.9%, with HSBC making the highest cut at 0.9%. HDFC MF, Mirae, and Franklin Templeton increased weights by up to 0.2%.
Nephro Care India IPO: Deepak Parekh-backed company to raise around Rs 40 crore via public issue on NSE Emerge
Deepak Parekh-backed multi-speciality healthcare provider Nephro Care India Limited (NCIL) is likely to raise around Rs 40 crore through the initial public offering (IPO) to fund its expansion plans.
Hot Stocks: Brokerages view on Kotak Bank, Tata Motors, Uno Minda, and Tata Technologies
Macquarie upgraded Kotak Mahindra Bank, City Union Bank, and Bandhan Bank to outperform with raised target prices. They downgraded SBI to underperform but increased its target price.
AI jobs command premium pay as companies fill specialised roles
Experts and staffing firms told ET that qualified AI professionals in India are raking in serious cash. Compared to traditional IT roles, AI specialists can command a salary premium of up to 40-80%. The demand for AI talent is exploding as companies race to fill these new and specialised positions.
IPO Calendar: Ixigo's Rs 740 crore issue, 4 listings on primary market radar next week
The IPO of Le Travenues Technology which operates the travel platform Ixigo is set to launch on June 10, along with Kronox Labs' debut. Analysts foresee a surge in IPO activity in the coming days.
How the Indian GCC boom is lighting up prospects of IT firms
With India emerging as a hub for global capability centres (GCCs), IT services companies are cashing in, setting up projects, looking for partnership opportunities, and even acquiring such centres.
A realistic way to protect kids from social media? Find a middle ground
Ahmed Othman, a teenager from Massachusetts, avoids TikTok and credits his parents, computer scientists, for teaching him about social media's impact on mental health. He is among the minority of teens not on TikTok, as per Pew Research Center data.
Global capability centres lease 17% more space in FY24
Global capability centres (GCCs) increased their space usage by 17% in FY 2023-24, reaching 22.5 million sq ft, driven by engineering, BFSI, and technology sectors, according to CBRE. GCCs are a key driver in India's office sector, projected to lease 40-45 million sq ft by 2025, with India hosting over 1,900 GCCs.
How much is Indian MFs' exposure to US tech stocks & how have they performed? Prasad Sawant explains
Prasad Sawant from IIFL Securities mentions high returns from Mirae Asset and other US tech-focused mutual funds. Nvidia's success led to a 170% return. Indian mutual funds have exposure to US tech stocks like Microsoft, Apple, Google, and Nvidia.
Not booking any profits now; more money coming in which have to be put to work: Mark Mobius
Mark Mobius says not booking any profits because they have more money coming in and they have to put it to work. ans that is not a problem because the markets are very deep now and we can see lots of opportunity, not only in India, but in other parts of the world.
IAF chief VR Chaudhari inaugurates first-ever emergency medical response system in Bengaluru
Chief of the Air Staff Air Chief Marshal VR Chaudhari inaugurated the Indian Air Force's (IAF's) first Emergency Medical Response System at Command Hospital Air Force in Bengaluru. The facility will provide expert guidance and care for serving personnel and their families nationwide. The 24/7 telephonic helpline connects callers with medical professionals who offer immediate advice and coordinate with the nearest IAF medical facility.
After Singapore Airlines turbulence accident, flight crews urge buckling up
Flight attendants and pilots are emphasizing the importance of wearing seatbelts following a Singapore Airlines flight's severe turbulence that resulted in one passenger's death and numerous injuries. The flight, traveling from London to Singapore, encountered heavy turbulence over the Indian Ocean, descending rapidly before making an emergency landing in Bangkok. Weather experts noted the development of "explosive thunderstorms" near the flight path, highlighting the unpredictable nature of turbulence.
Digital India sparks rush for new-age software engineers
Demand for software engineers trained in emerging technologies is rising, creating 9-10 lakh additional jobs in the next 18 months. The surge is fueled by advancing technology and digital adoption, leading to fresh opportunities in AI and related fields like AI specialists and data scientists. GenAI is enabling non-technical employees to become citizen developers.
SP Jain Institute launches Wise Innovation Studio for Emerging Technologies
SPJIMR's WISE Tech fosters societal advancement through wise innovation with initiatives like accelerators, Entrepreneurship Fellowship, and Wise Innovation Conclave. Manoj Mohan leads the executive team, supported by R. Ramanan and Haresh Chawla from True North.
ET Road Safety & Safer Mobility Forum: Experts spotlight strategies for elevating employee well-being and operational efficiency in transportation
Global road fatalities dropped by 5%, but India saw a 15% rise. The ET Road Safety & Safer Mobility Forum discussed safety culture and technology's role in employee transportation. Leaders emphasized driver safety, tech integration, and collaborative efforts for a safer future.
IPL portfolio: Momentum stocks may not deliver sustainable returns, says Robin Arya
Robin Arya recommends investors stick with consistent stocks for steady growth over time, similar to reliable IPL teams. He suggests a diversified portfolio with equities, bonds, and alternative investments for stability and growth potential in uncertain market conditions. High-risk, high-return opportunities may seem enticing in the short term, the power of compounding and steady growth over time typically outperforms volatile ventures.
China may surge 30% in next 12 months but India is vastly superior to any emerging market long term: Mark Matthews
Mark Matthews views India as a superior long-term investment over China, citing the capex cycle and potential growth in private banks. He emphasizes the positive energy and entrepreneurship in India, indicating a promising outlook for the economy and stock markets. Matthews further says that accoeding to him the Indian market is still going up.
Over 99% independent candidates lost deposits since 1991
Data compiled by the Election Commission of India show that since independence, even as the number of independent candidates has remained high, numbers of those winning polls have come down from over six per cent in 1951 and eight per cent in 1957, to around 0.11 per cent in 2019.
Bulk of correction in small, midcaps over; days of IT largecaps are numbered: Nilesh Shah, Envision Capital
Nilesh Shah anticipates largecap IT decline, supports specialised technology services growth. He believes online consumer or the online fintech space are the businesses which are making rapid strides. While acknowledging market froth, advises against tactical allocations. shifting funds from small and midcaps to largecaps Further, Shah emphasizes bottom-up opportunities, energy sector potential, and regulatory risks in the insurance sector.
FM Nirmala Sitharaman in huddle with experts on developed India goal
The participants included experts from various industries, start-ups, sunrise and emerging sectors, fintech, infrastructure, banking and financial services, social sector, academia and think tanks, the finance ministry said in a statement. The deliberations focused on ways to leverage digital public infrastructure to bolster banking and insurance sectors; use of technology to promote ease of living; inclusive growth and socio-economic development; achieving goals for Atmanirbhar Bharat; green and sustainable growth, the ministry said.
Xi holds the Trump card
So far, Beijing has been silent about how it will deal with this possible Made-in-America challenge. Premier Li Qiang recently presented his 'work report', the Chinese version of a budget speech, without revealing much about the country's economic strategy to deal with this and other issues. Chinese leaders are watching the evolving situation within its own economy and the US political scene, instead of rushing to formulate new policies.
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