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Gabriel: EVs, sunroof offer a wide playing field on growth

Money Control

Money Control · 1y ago

Gabriel: EVs, sunroof offer a wide playing field on growth

Gabriel India, a leading shock-absorber manufacturer, delivered a strong performance in Q3FY24. The company's improved realisations were the key driver behind their quarterly results. They hold a leadership position in the aftermarket, export, and electric vehicle segments, presenting significant growth opportunities. The recent joint venture in the car sunroof segment also adds to their growth prospects. Although valuations are not cheap, the medium-term outlook for the company has improved. Analysts recommend accumulating the stock on any corrections.

Related News

Mahindra calls for EV level playing field amid Tesla's India entry plans

Reuters · 1y ago

Mahindra calls for EV level playing field amid Tesla's India entry plans

Indian automaker Mahindra & Mahindra has urged the government for a level playing field between domestic and foreign players in the electric vehicle (EV) market. They emphasize the promotion of local manufacturing as India plans to attract Tesla and other global carmakers. Mahindra, along with Tata Motors, have privately requested not to reduce import taxes on EVs to protect domestic firms and their foreign investors. Indian EV sales experienced significant growth in 2021, with Mahindra expressing their commitment to listing their EV unit in the future.

Discounts offered on inflated prices on ecommerce must be curbed by govt

Economic Times

Economic Times · 1y ago

Discounts offered on inflated prices on ecommerce must be curbed by govt

Think tank CUTS International has urged the government and regulatory bodies to take action against unethical practices, such as offering discounts on inflated prices in the e-commerce sector. Instead of banning flash sales, the report suggests strengthening consumer protection measures and ensuring a level-playing field. The report also emphasizes the need for differentiating between 'deep discounting' and 'predatory pricing' and urges e-commerce platforms to maintain platform neutrality and offer content in regional languages.

New Developments in AI: The Rising Demand for Custom Chips in the Generative AI Field

Robots · 1y ago

New Developments in AI: The Rising Demand for Custom Chips in the Generative AI Field

The demand for custom AI chips is growing due to a hardware shortage caused by the rise in generative AI. Startups like d-Matrix offer cost-effective alternatives to GPU-based solutions, potentially leveling the playing field for smaller companies in the AI industry. Major players like Microsoft, Amazon, and Meta are also investing in their own in-house AI chips for inferencing. Additionally, AI is making progress in fields like drone racing, scent quantification, wildlife tracking, healthcare, and language models, showcasing its diverse applications across industries.

Paytm CEO asks govt to bring payment devices under PLI scheme

Inshorts · 1y ago

Paytm CEO asks govt to bring payment devices under PLI scheme

On Monday, Paytm CEO Vijay Shekhar Sharma called on the government to include payment devices in the Production Linked Incentive (PLI) Scheme. Sharma highlighted that Paytm soundboxes are entirely manufactured in India, yet they face import duties, creating an uneven playing field. He emphasized the need for India to focus on manufacturing to boost job creation, moving away from a service-centric approach.

Govt tells industry to expect e-commerce policy soon, unveils core tenets

Money Control

Money Control · 1y ago

Govt tells industry to expect e-commerce policy soon, unveils core tenets

The Indian government concludes its last consultation on the e-commerce policy with industry stakeholders, revealing key principles. The policy aims to foster a level playing field, support domestic businesses, and promote consumer rights. The government seeks to balance the interests of all stakeholders while fostering a robust and fair e-commerce ecosystem, addressing concerns and shaping the regulatory framework for the sector.

Mint Explainer: Meta Orion takes AR glasses a step further into a sci-fi future

Livemint

Livemint · 9m ago

Mint Explainer: Meta Orion takes AR glasses a step further into a sci-fi future

Meta's CEO Mark Zuckerberg unveiled the Meta Orion, a pair of augmented reality (AR) glasses that resemble regular spectacles. These glasses offer a wide field of view and holographic interfaces, and they work without any attached wires. The biggest challenge in developing the glasses was fitting the necessary components into a small form factor. However, the Orion still requires a puck and a neural wristband for additional processing and input recognition. The glasses are not commercially available as Meta plans to use the 1,000 units produced as prototypes for future iterations.

Finally, a telescope named 'Einstein' is heading to space

Gizmodo

Gizmodo · 1y ago

Finally, a telescope named 'Einstein' is heading to space

The Einstein Probe, a space-based X-ray telescope, is set to launch next month. Developed in collaboration with the Chinese Academy of Sciences, the European Space Agency (ESA), and the Max Planck Institute for Extraterrestrial Physics, the telescope aims to study transient events in X-ray light and investigate black holes and gravitational waves. Equipped with the Wide-field X-ray Telescope and the Follow-up X-ray Telescope, the probe will utilize innovative lobster-eye optics to capture data from a wide field of the sky. It will launch from China's Xichang Satellite Launch Center and is expected to operate for three years.

How Companies are Drafting Policies to Support Women at WorkPlace

StartupTalky

StartupTalky · 1y ago

How Companies are Drafting Policies to Support Women at WorkPlace

The article highlights the importance of creating a gender-inclusive work environment and features quotes from various women entrepreneurs and leaders discussing the policies and initiatives they have implemented in their companies to support women in the workplace. These policies include equal pay, flexible working hours, mentorship programs, childcare facilities, and support for women returning to work after maternity leave. The women featured in the article emphasize the need for a level playing field and the benefits of diversity and inclusion in driving growth and success in organizations.

Indian Startups Pledge Support to Draft Digital Competition Bill; Say Ex-ante Norms Game-changer

OutlookIndia

OutlookIndia · 7m ago

Indian Startups Pledge Support to Draft Digital Competition Bill; Say Ex-ante Norms Game-changer

Nearly 40 Indian startups have come out in support of the draft digital competition bill, advocating for its 'ex-ante' regulations as a potential solution to combat anti-competitive practices of big tech companies. The startups, including Matrimony.com, TrulyMadly, Innov8, QuackQuack, Magicbricks, Hoichoi, and Medibuddy, have written to the Ministry of Corporate Affairs expressing their support and urging the government to move forward with the bill. They argue that the bill will address long-standing concerns and create a level playing field for Indian ventures while ensuring the growth and innovation of startups.

Walmart seeks fair play in global game, says CEO

Economic Times

Economic Times · 17d ago

Walmart seeks fair play in global game, says CEO

Walmart CEO Doug McMillon emphasized the importance of a level playing field and consistent policies across countries for the company. Amid ongoing trade negotiations between the U.S. and India, McMillon stated that Walmart aims to comply with local rules, likes buying locally, and welcomes potential changes allowing inventory holding in India. Walmart focuses on maintaining low prices and sourcing locally to manage tariffs and provide value to customers.

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