BUSINESS
India jumps six places to rank 38 out of 139 in Logistics Performance Index 2023
On four out of six LPI indicators, India has seen remarkable improvement on the back of various initiatives being implemented over the past few years, official sources said. The World Bank has acknowledged India's efforts towards increasing logistics efficiency, they added. The LPI index is a perception-based survey conducted across select stakeholders dealing with respective countries.
Hinduja Group company emerges as highest bidder for Reliance Capital
The bid by IndusInd International Holdings Ltd (IIHL) is higher than the Rs 8,640 crore offer made by Torrent Investments in the first round of the auction held in December last year. It is believed that the other two suitors -- Torrent Investments and Oaktree -- did not participate in the second round of auction, sources said.
Air India crew grounded by DGCA for 'in-flight hospitality' fiasco
In the incident, the pilot allegedly had entertained a female friend, who had entered in the cockpit, which violates DGCA safety norms. A cabin crew member had filed a complaint with DGCA, prompting an investigation. While the cabin crew member seems to have no role in the incident, the entire crew has been derostered pending investigations, said an official.
Bosch acquires US chipmaker TSI Semiconductors for $1.5 bn
Starting in 2026, the first chips will be produced on 200-millimeter wafers based on the innovative material silicon carbide. "With this planned investment in the US, we are also increasing our semiconductor manufacturing, globally," said Bosch Chairman Dr. Stefan Hartung.
Aadhaar authentication rose to 2.31 billion in March 2023: IT Ministry data
Also, Aadhaar-enabled e-KYC rose by 16 per cent as 21.47 million Aadhaars were updated successfully in March 2023. While a majority of the authentications transaction numbers were carried out by using biometric fingerprint, it is followed by demographic and OTP authentications, official sources said.
Global connected car sales grew 12% in 2022, Volkswagen leads: Report
Volkswagen Group led in connected car sales, closely followed by Toyota Group, according to Counterpoint Research. The US remained the strongest market for connected cars, followed by China and Europe. In 2022, these three markets accounted for nearly 80 per cent of the total connected car sales globally.
L&T Technology Services logs 22% growth in revenue, net profit in FY23
For the fourth quarter of FY23, the pure-play engineering services company recorded Rs 2,096 crore, a growth of 19 per cent YoY, with a net profit of more than Rs 309 crore, a 18 per cent growth. During the quarter, LTTS won a $40 million deal and three $10 million plus total contract value (TCV) deals.
Global chip revenue to decline 11% this year, short-term outlook grim
In 2022, the market totaled $599.6 billion, which was marginal growth of 0.2 per cent from 2021, according to the latest forecast from Gartner. The PC, tablet and smartphone semiconductor markets are stagnating. The combined markets will represent 31 per cent of semiconductor revenue in 2023 and total $167.6 billion.
Indian economy demonstrates strength & stability, GDP to grow at 6% in FY24: Acuite
In its monthly commentary on the economy. Acuite said that despite the global macro economy remaining characterised by contradictions and financial system instability risks coming to the fore, the Indian economy continues to demonstrate strength and stability. Most lead indicators at the start of 2023 continue to.
Patent filings soar 13.6% in India, tech domain leads
Further, the year witnessed a rise in the share of domestic filings to 44.4 per cent of total patents filed, compared to 41.6 per cent in FY2021, according to Nasscom which released the report on the occasion of World Intellectual Property Day. Out of the 584,000 patents filed in India between FY2010 and FY2022.
Don't Miss
Advertisement