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After a $7 billion chip loss in H1, Samsung will extend production cuts-thumnail

After a $7 billion chip loss in H1, Samsung will extend production cuts

On Thursday, Samsung Electronics announced plans to extend output cuts due to a cautious prognosis for the global semiconductor market and the fact that the demand recovery is mostly limited

Industry

Jul 27, 2023

Top semiconductor manufacturers like Foxconn, Micron, and AMD will attend the Semicon India expo in Gujarat on July 28-thumnail

Top semiconductor manufacturers like Foxconn, Micron, and AMD will attend the Semicon India expo in Gujarat on July 28

Leading chipmakers including Foxconn, AMD, Micron, and IBM will be present at the Gandhinagar, Gujarat, Semicon India conference.  The purpose of the event is to draw investment into the Indian

Industry

Jul 27, 2023

Russia’s Oil Exports Face a Shifting Landscape Amid Sanctions-thumnail

Russia’s Oil Exports Face a Shifting Landscape Amid Sanctions

In the wake of sanctions imposed on Russia following its 2022 invasion of Ukraine, major oil firms and commodity houses withdrew from business with Russian producers. As a result, Moscow

News

Jul 27, 2023

Automakers launch US EV charging network to compete with Tesla-thumnail

Automakers launch US EV charging network to compete with Tesla

In an effort to compete with Tesla (TSLA.O) and to benefit from Biden administration subsidies, seven major automakers announced on Wednesday that they were establishing a new company to provide electric vehicle charging in the United States.

Automotive

Jul 27, 2023

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand-thumnail

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand

The banking industry in India is grappling with a growing trend of attrition, particularly affecting the sales division. During an earnings call, Yes Bank’s CEO, Prashant Kumar, acknowledged the industry-wide issue and emphasized the bank’s efforts to control attrition, setting a target of limiting overall employee turnover to 25-30%.

Business

Jul 27, 2023

Indian households continue to be impacted by rising prices-thumnail

Indian households continue to be impacted by rising prices

According to new household statistics given by Kantar, Indian households continue to feel the pressure of high inflation, with the households most susceptible to price increases reporting a considerable decline in the purchase of goods including jams, ready-to-cook meals, floor cleaners, and soft beverages.

News

Jul 27, 2023

China export controls will hit companies’ revenue, says US commerce chief-thumnail

China export controls will hit companies’ revenue, says US commerce chief

The Biden administration is attempting to precisely target U.S. export restrictions to China, according to Gina Raimondo, Secretary of Commerce, but regulations will cost businesses some income.

Business

Jul 27, 2023

Customer experience SaaS platform Kapture CX gets $4 million in series A funding-thumnail

Customer experience SaaS platform Kapture CX gets $4 million in series A funding

Kapture CX, a platform that automates customer experience recently secured $4 million, in funding. The investment was led by Cactus Venture Partners.

Business

Jul 27, 2023

US regulators to unveil plan to build cash reserves for banks-thumnail

US regulators to unveil plan to build cash reserves for banks

Regulators in the United States are preparing to draft a rule that will likely dramatically increase the capital requirements for larger banks, requiring them to reduce expenses and hold onto profits in an effort to protect against future losses that would affect clients and investors.

Finance

Jul 27, 2023

European Companies’ Climate-Friendly Activities: A New Analysis Reveals Low Alignment with EU’s Taxonomy-thumnail

European Companies’ Climate-Friendly Activities: A New Analysis Reveals Low Alignment with EU’s Taxonomy

In a recent analysis published on Thursday, it has come to light that approximately two-thirds of European companies lack any revenue that meets the European Union’s (EU) list of climate-friendly activities.

Environment

Jul 27, 2023

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals-thumnail

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals

Aquapharm Chemicals, a company based in Pune and valued at, more than ₹4,500 crore has caught the attention of buyers such as RP Sanjiv Goenka Group, Bain Capital, and Dorf Ketal.

Business

Jul 27, 2023

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024-thumnail

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024

Foxconn, the electronics manufacturer is currently engaged in talks, with the government of Tamil Nadu regarding an investment of $200 million to establish a manufacturing plant for electronic components.

Business

Jul 27, 2023


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