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News on Medial
Ceat’s tech focus could offer it an edge
Livemint
·
1y ago
Medial
Ceat Ltd, a tyre manufacturer, has the potential to increase its production capacity of truck and bus radial (TBR) tyres and passenger car radial tyres at its Chennai plant. The company's focus on digital and technological advancements has been well received by analysts, with automation and digitisation levels at the plant being praised. Ceat expects growth in the double digits in the TBR replacement segment and aims to increase its export contribution to over 25% of sales in the next few years. However, potential margin pressure from increasing input costs like rubber is a concern. Ceat plans to expand its capacity through brownfield expansion rather than greenfield investment to improve return ratios. The stock has experienced significant gains over the past year, but further upside may be limited.
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Drug Discovery to Spacetech: Here Are Info Edge’s 18 Deeptech Startup Investments
OutlookIndia
·
4m ago
Medial
Info Edge, an Indian company, has invested in 18 deep tech startups across various domains like spacetech, drug discovery, and robotics. These investments reflect Info Edge's focus on ventures with significant research and development, long gestation periods, and high impact potential. Despite challenges in funding timelines and commercialization, Info Edge remains committed to supporting deep tech from its balance sheet, aiming to bridge the gap between scientific breakthroughs and market readiness in India.
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Abu Dhabi's G42 invests in edge computing and AI start-up Analog at WEF launch
Startup News FYI
·
1y ago
Medial
G42, an Abu Dhabi-based AI and cloud computing firm, has invested in Analog, a new edge computing and AI start-up. Analog aims to develop AI-powered solutions in edge computing to enhance the speed and efficiency of individuals and businesses. It will utilize edge computing to create an interconnected relationship between people, locations, and objects, delivering custom solutions for various sectors. G42 is the biggest investor in Analog and plans to focus on edge computing AI in its portfolio. Analog's unique proposition is its ability to capture and use real-world data.
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NVIDIA seeks to deepen its ties with Indian companies to deploy its AI solutions
IndianStartupNews
·
1y ago
Medial
NVIDIA is strengthening its presence in India by partnering with local companies to develop AI solutions tailored to the country's needs. It has recently teamed up with Yotta Data Services, investing in 16,000 NVIDIA GPUs for a cutting-edge data center. This move aims to address the low rate of AI research in India and foster an environment conducive to deep tech innovation. NVIDIA has also collaborated with other Indian conglomerates such as Tata Group and Reliance's Jio Platforms to offer AI supercomputer technologies.
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For these companies, it feels good to be in Nvidia’s orbit
Livemint
·
1y ago
Medial
Companies such as HSBC, Capital One, and Wells Fargo are participating in Nvidia's GTC event in order to attract AI talent and enhance their tech credentials. Traditionally, cutting-edge tech companies have dominated the IT talent market, but now there is more opportunity for non-tech enterprises to attract AI professionals. Conferences like GTC offer a platform for these companies to showcase their technology advancements, dispel misconceptions about their industries, and engage with the wider tech ecosystem. The presence of companies like Nvidia and Microsoft can also entice tech talent to explore opportunities in sectors like banking and energy.
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AI disruptions will be brief as reskilling drives new jobs: Karnataka IT minister Priyank Kharge - The Economic Times
Economic Times
·
1m ago
Medial
Karnataka's IT Minister Priyank Kharge predicts brief disruptions from AI, as reskilling initiatives like Nipuna Karnataka aim to equip 500,000 individuals for future tech jobs. Kharge highlights the state's lead in technology sectors, supported by significant IT exports, startups, and GCC presence, attracting real estate investments. The focus is on advancing skills in AI, cybersecurity, and digital forensics, ensuring both local and global industry demands are met while maintaining Karnataka's competitive edge.
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Three-day Bengaluru Tech Summit to be held from November 19
Economic Times
·
1y ago
Medial
The Bengaluru Tech Summit (BTS) is set to take place from November 19 to November 21, 2024. The event expects participation from over 40 countries, featuring more than 460 speakers in 85 sessions, with thousands of delegates, start-ups and exhibitors. The Karnataka Chief Minister expressed that the state boasts a strong economy, with a GSDP growth rate of 14.2% in FY23. The summit will cover various tracks including IT, biotech, startups, and an added focus on electro-semiconductors. The aim is to showcase cutting-edge advancements and drive innovation in key industries.
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Flipkart Big Billion Days Sale: Top deals on mobiles from Nothing, Samsung, more
Livemint
·
11m ago
Medial
The highly anticipated Big Billion Days Sale 2024 by Flipkart is set to offer substantial discounts on various product categories, including smartphones. Some notable deals include the Samsung Galaxy S23 FE 5G priced under ₹30,000, Samsung Galaxy S23 5G at an effective price of ₹36,999, Google Pixel 8 at an effective price of ₹31,999, and Motorola Edge 50 Pro 5G for ₹27,999. Affordable options include Motorola Edge 50 Fusion 5G and Realme P2 Pro 5G both priced at ₹19,999. Additionally, there are exchange bonuses, no-cost EMIs, and bank discounts available, making it an attractive opportunity for consumers.
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Indian companies sit on a cash mountain—will shareholders reap the rewards?
Livemint
·
8m ago
Medial
An analysis by IiAS finds that 66 companies, including HCL Tech and Wipro, hold ₹2.7 trillion in cash reserves, with ₹99,100 crore unused. Despite returning ₹57,397 crore to shareholders in FY24, these firms are urged to allocate excess cash through dividends or buybacks instead of hoarding it. The report highlights weak dividend policies and advises aligning payouts with profits. Companies like Honeywell India could offer significant incremental dividends. The study calls for clearer financial strategies.
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Info Edge To Invest INR 4 Cr In Legal Tech Startup LegitQuest
Inc42
·
9m ago
Medial
Info Edge, an Indian company, plans to invest in a legal tech startup called LegitQuest in two equal tranches within the next year. After the second investment, Info Edge will own 27.98% of LegitQuest. LegitQuest was founded in 2017 and specializes in providing generative AI solutions to lawyers.
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Apple’s A20 Chip With 2nm Tech, Integrated RAM, 15% Faster Speed, and 30% Efficiency to Power iPhone 18 Pro, Pro Max, and Fold | DeepNewz Business
Business Bytes
·
3m ago
Medial
Apple is reportedly set to introduce 2nm application processors (APs) with next year's iPhone models, incorporating advanced packaging technology. The company aims to leverage this cutting-edge technology to enhance performance and efficiency in its upcoming devices. The 2nm APs are expected to offer improved processing speeds and better energy efficiency, aligning with Apple's continued focus on innovation and technological advancement in its iPhone lineup.
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