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'Vietnam grew 3x faster than India': Wealth advisor questions broken manufacturing model
Business Today
·
3m ago
Medial
Despite being smaller, Vietnam's export growth since 2005 reached 983%, significantly outpacing India's at 339%. China's goods exports stand at $3.58 trillion, with Vietnam achieving $347 billion compared to India's $428 billion. India's manufacturing GDP is 13%, half that of Vietnam, Indonesia, Taiwan, and China. Structural reforms in education and governance are essential for India to improve its manufacturing sector. Investment focuses on infrastructure, industrial corridors, and skilling programs.
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Apple shares rise after strong quarterly results amid tariff woes, competition - The Economic Times
Economic Times
·
7d ago
Medial
Apple shares rose by 2% in premarket trading after posting strong quarterly results, driven by a rebound in iPhone sales and the fastest revenue growth since 2021. Despite facing global trade tensions, tariff impacts, and intense AI competition, Apple projected better-than-expected growth, with a "mid to high single digit" forecast. The company continues to balance its manufacturing across India and Vietnam, dealing with competitive pressures from rivals like Samsung and Alphabet in both hardware and AI spaces.
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'India may remain a middle-income country...': Wealth advisor warns services alone won’t scale - BusinessToday
Business Today
·
2m ago
Medial
India's economic growth might stagnate earlier than anticipated due to a deficit in innovation, despite existing ambitions. According to Chakravarthy V, a wealth advisor who initiated a discussion on LinkedIn, the country might continue to be a middle-income nation within our lifetime. The reliance on services alone for economic scaling might not suffice, indicating the need for diversified growth strategies to ensure upward economic mobility and avoid potential future stagnation.
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Early investors set to gain from new-age IPO windfall
Economic Times
·
1y ago
Medial
Investors who got in early on the upcoming IPOs of FirstCry and Ola Electric could see significant returns. Companies like SoftBank, Tiger Global, Mahindra & Mahindra, and Matrix Partners India are expected to see their stock value surge by three to ten times. This means SoftBank's gains in FirstCry could exceed 3X based on its acquisition cost, while Mahindra & Mahindra could see a nearly 6X gain. Similarly, early backers of Ola Electric like Tiger Global and Matrix Partners India could achieve gains of more than 6X and nearly 10X, respectively. Latecomers may face notional losses due to moderated valuations. Founders of FirstCry and Ola Electric, Supam Maheshwari and Bhavish Aggarwal, are expected to accumulate significant wealth through the IPOs.
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Asia manufacturing shows resilience amid trade turmoil—India surges, China slows
Livemint
·
4d ago
Medial
In July, Asia's manufacturing sector showed mixed results amid global trade tensions. India and Vietnam reported gains in manufacturing activity, while China's factory momentum weakened. Southeast Asia, however, faced challenges due to weak external demand and uncertainties in global supply chains. The S&P Global ASEAN Manufacturing Purchasing Managers’ Index climbed to 50.1, slightly indicating growth. Despite these challenges, some markets demonstrated resilience in a turbulent trade environment.
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As Fisker fails, EV startups need to learn from China
Livemint
·
1y ago
Medial
Electric vehicle startup, Fisker, may face failure as it runs low on funds and struggles with its asset-light model of outsourcing production. The company aimed to save billions of dollars by outsourcing manufacturing to third parties, but this approach may not work in the car industry where profitability relies on factories operating at capacity. Chinese EV startups have shown a faster time to market, reducing costs and draining less cash. Car manufacturers need to cut costs and lighten capital requirements rather than relying on others.
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Zomato liquidates 10 overseas subisidiaries in less a year
Livemint
·
1y ago
Medial
Zomato has liquidated its subsidiaries in Vietnam and Poland as it continues to cut costs, marking its exit from ten international markets in less than a year. The online food delivery platform has previously withdrawn from Canada, the US, the Philippines, the UK, Qatar, Lebanon, and Singapore. However, Zomato is still operational in Indonesia, Sri Lanka, and the UAE. The company reported two consecutive quarters of profit in FY2024 and its revenue from operations grew by 71%.
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Exclusive: Nvidia CEO says his AI chips are improving faster than Moore's Law
TechCrunch
·
7m ago
Medial
Nvidia CEO Jensen Huang claims the company's AI chips are advancing faster than Moore’s Law, which historically predicted transistor doubling every two years. Nvidia's latest chips are reportedly over 30 times faster than previous generations, driven by simultaneous innovations in architecture, chips, systems, libraries, and algorithms. As AI demands increase, Huang emphasizes creating high-performance chips to reduce costs, citing a trend of decreasing AI model prices due to Nvidia's breakthroughs, and foreseeing continued advancements in AI reasoning models.
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Foxconn India revenue rises to over $20 billion, employee count up at around 80,000
Economic Times
·
3m ago
Medial
Foxconn's revenue in India more than doubled to exceed $20 billion in the financial year 2024-25, driven by increased iPhone production. The company's workforce in India grew by over 65% to around 80,000 employees. Foxconn plans further expansion, including a new facility in Bangalore and a manufacturing unit in Uttar Pradesh, potentially creating thousands of jobs. Additionally, it has started producing AirPods for export and is investing in a semiconductor joint venture with HCL.
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Trump’s tariff threat, China’s retaliation leave Apple stuck between a rock and a hard place - The Economic Times
Economic Times
·
1m ago
Medial
Apple is facing challenges from both the U.S. and China, with tariffs potentially impacting its manufacturing plans. China is retaliating by pulling Chinese workers from Apple's Indian facilities and tightening tech restrictions. India is trying to reduce its dependence on China by ramping up domestic electronics production, aiming for 38% value addition in five years. Meanwhile, Vietnam capitalizes on trade deals with the U.S., potentially threatening India's aspirations as a key Apple manufacturing hub.
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Fisdom ropes in former SBI executive Girish Venkat to head wealth management biz
Economic Times
·
1y ago
Medial
Bengaluru-based wealthtech startup Fisdom has appointed Girish Venkat as the head of its wealth management business. Venkat previously worked as the head of the wealth management division at State Bank of India and has experience with Aditya Birla Capital and ICICI Bank. Fisdom operates a wealth management model in partnership with 15 major banks in India, offering services such as mutual funds, stock broking, portfolio management, and insurance. With over 120 wealth managers at 25 locations, the company plans to expand its network across multiple cities in the next year.
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