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Volkswagen: to build Trinity model at Zwickau, no further plant needed
Volkswagen (VOWG_p.DE) plans to build its Trinity electric vehicles (EV) at its factory in Zwickau, the company said in a statement on Friday. Key Points
ReutersWe are using generative AI to build core capabilities: MakeMyTrip’s Deep Kalra
The portal is tying up with leading tech players to build the tools. Kalra also opined that the funding winter would be short but sharp, and exacerbated by the banking crisis in the US and Europe. Key Points
Economic TimesSoft skills matter to telcos in 5G mode
Operators are broadening the skillset and being flexible while hiring employees in the 5G age with requirements like technology majors with a minor in design or engineers who have done a course in psychology, telecom executives and staffing firms said. This is an attempt to better sync the workforce with consumer and market demands and build more intuitive products and services. Key Points
Economic TimesGermany, Spain join Mazagon Dock, L&T in contest for Rs 40,000 crore Indian submarine deal
Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named because discussions are private. One bid is from Germanys Thyssenkrupp AG along with Mumbai-based Mazagon Dock Shipbuilders Limited, with the other was submitted by Spains Navantia in partnership with private shipyard Larsen & Toubro, the people said. Key Points
Economic TimesTaiwan's Powerchip targets listing in 5-7 years for Japan venture
Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp (6770.TW) aims to list a joint venture being set up to build a factory in Japan in five to seven years, an executive from the chipmaker said on Friday. Key Points
Reuters
Reliance Jio demonstrates ambition to deliver innovative services: Cisco CEO
US-based telecom company Cisco's CEO Chuck Robbins said that billionaire Mukesh Ambani-owned Reliance Jio has demonstrated impressive capabilities and has ambitious plans to delight customers with new offerings. Cisco is hopeful that it can help Reliance Jio in its journey. Robbins also said that 5G and private 5G is a big opportunity for Cisco and they have started working on it. Key Points
Economic TimesOil prices climb 2% on small build in US crude stocks, Fed rate cut seen
By Scott DiSavino NEW YORK (Reuters) - Oil prices climbed about 2% on Wednesday on a smaller-than-expected build in U.S. crude inventories, a big withdrawal from distillate and gasoline stockpiles and Key Points
ThePrintVolkswagen aims to bring under-$35,000 EV to US in 3-4 years-VW executive
Volkswagen (VOWG_p.DE) aims to bring an under $35,000 electric vehicle to the U.S. market in 3-4 years, while Chinese automaker Nio said it is still "debating" a 2025 entry into North America, senior executives said on Thursday at a Reuters conference. Key Points
ReutersNBCC rallies over 100% in just 1 month. Is there more upside left?
National Buildings Construction Corporation (NBCC) shares surged 47% following the government's push for affordable housing in the interim Budget. Finance Minister Nirmala Sitharaman announced plans to build 2 crore more houses for the rural poor and a scheme to help the middle class buy or build their own houses. This announcement has boosted optimism in the real estate and allied sectors. NBCC has already been experiencing positive momentum and the government's emphasis on capex further supported the stock. Key Points
Economic Times10 Quotes by Brian Chesky on Entrepreneurship and Innovation
Brian Joseph Chesky is an American businessman and industrial designer. He is the co-founder and CEO of the peer-to-peer lodging service Airbnb. Key Points
Times of India
Meta's pricey bet on AI comes with new custom chips, coder tools
On Thursday, the Facebook owner unveiled a slew of new technologies, including a new chip developed in-house to help train AI faster, and a tool that helps coders get suggestions for how to build their products. The company is also revamping its data centers to make it easier to deploy AI technology. Key Points
Economic TimesUS: Bannon associate sentenced to more than 4 years for Trump border wall fraud
Brian Kolfage was sentenced by U.S. District Judge Analisa Torres in Manhattan after pleading guilty last year to misappropriating funds for the "We build the Wall" campaign. Key Points
India TodayUS warned Iran of 'terrorist threat' before Jan. 3 attack: official
While the official said the warning about the Jan. 3 attack was routine, analysts said it may imply a US effort to build trust with Iran. | World News Key Points
Hindustan TimesiPhone maker Hon Hai plans $1.6 billion in India expansion bid
The announcement, made in an exchange filing in Taiwan late Monday, didnt give any further details, saying only that the investment was for “operational needs.” A spokesperson for the company declined to say where the new facilities would be or what they would build. Key Points
Economic TimesElectric bicycle-maker EMotorad bags Rs 164 crore in funding
EMotorad will use the funds to build a 150,000 square feet manufacturing facility, said its chief executive Kunal Gupta. The facility will be used to develop and manufacture in-house battery systems, motors, displays and chargers. Key Points
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Tesla to build 25,000-euro car in Germany - source
Tesla (TSLA.O) plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. Key Points
ReutersFoxconn arm denies signing Rs 1,600 crore deal to build facility in Tamil Nadu: Report
Foxconn Industrial Internet (FII) has denied reports of signing a deal with the Tamil Nadu government to develop a new electronic components plant in the southern Indian state. We did not sign any investment agreement, FII was quoted as saying by the Securities Times newspaper, adding the company had issued a statement in July refuting similar rumours. Key Points
Economic TimesUK's Barratt to build fewer homes in 2024
Britain's largest homebuilder Barratt Developments (BDEV.L) said on Thursday it would build far fewer homes this fiscal year as mounting worries over mortgage affordability and persistent inflation drive buyers away. Key Points
ReutersChhattisgarh Congress MLA calls for 'Hindu Rashtra', party says her 'personal opinion'
Congress MLA on Friday called for unity to build Hindu Rashtra. However, later the MLA clarified that her statement was wrongly projected by the Opposition. Key Points
India TodayIndia approves $3.9 billion hydropower project near China border
The government approved the estimated investment of 319 billion rupees ($3.9 billion) for the 2,880-megawatt Dibang project in Arunachal Pradesh, state-run hydropower producer NHPC Ltd. said Monday. The project is estimated to take nine years to build. Key Points
Economic Times
Earn a full-time job offer from your internship by following these tricks
Summer internships offer the opportunity to gain work experience and build professional relationships. Studies show that 70% of companies offer full-time job proposals to their interns. To increase your chances of securing a permanent role, understand the company and its business, express enthusiasm and take initiative, ask questions and stay curious, follow workplace etiquette, and focus on networking. Working hard and consistently, embracing professionalism, and clearly expressing ideas are also important to impress employers. Key Points
Economic TimesTurkey to build around 2,00,000 homes in earthquake-hit region: Erdogan
Turkey earthquake: A 7.8-magnitude tremor on February 6 and its aftershocks have killed more than 41,000 people in Turkey and left millions without homes. | World News Key Points
Hindustan TimesAuthenticity is important to be a good leader. But how difficult is it?
Authentic leaders have a lasting influence on teams and stakeholders. They prioritize self-awareness, ethics, empathy, and personal development. They build trust, value diverse perspectives, and create an inclusive environment for enduring change. Key Points
Economic TimesFrench parties rush to build anti-far right front
France’s political parties sought to build a united front aimed at blocking the path to government of Marine Le Pen’s far-right National Rally... Key Points
The Tribune IndiaFoxconn India to spend Rs 1,200 cr to build a factory, scale up operations
Foxconn plans to invest ₹1200 crore in a factory in India through its subsidiary, Hon Hai Technology India Mega Development. The investment is aimed at 'operational needs', following previous reports of Foxconn investing over $1.5 billion in an Indian construction project. Key Points
Economic Times
Vision 2047: Mega plan for building highways soon
According to official data, the country has been annually constructing over 10,000 kilometres of national highways (NH) since the launch of Bharatmala in October 2017. The goal of the scheme was to build 74,942 kilometres (km) of NH, of which 34,800 km was approved as the first phase for development (till September 2022) against ₹5.35 lakh crore investment. Key Points
Economic TimesAdani's data center JV seeking second dollar loan in six months
Data center provider AdaniConneX Private Ltd. will use the money to fund its growth plans this year, with a five year tenor under discussion, according to people familiar with the matter, who asked not to be identified because the matter is private. Key Points
Economic TimesONDC launches 'Build for Bharat' initiative to tackle challenges in digital commerce space
New Delhi [India], December 4 (ANI): The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud India, Antler in India, Paytm, Protean and Startup India, announced an initiative called ‘Build for Bharat’. The initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space. Show […] Key Points
ThePrint'It’s a geopolitical statement.' Anand Mahindra lauds Google's decision to build its largest office outsid
Google's ambitious project, led by British firm AHMM, involves a massive 3 million sq. ft. eco-friendly campus. It will accommodate 18,000 employees. Key Points
Economic TimesVodafone, Three execs tell lawmakers their UK merger will benefit 5G, jobs
Executives from Vodafone (VOD.L) and CK Hutchison's (0001.HK) Three UK unit said their 15 billion pound ($18 billion) merger would benefit Britain's consumers, infrastructure and jobs, as lawmakers scrutinise the planned tie-up. Key Points
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TSMC drops northern Taiwan site for advanced chip factory after protests
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) said it would not build a advanced chip factory in a rural part of northern Taiwan after local residents protested that they did not want to move to accommodate an expansion of an industrial park. The company said it would work with the government-run Science Park Administration "to evaluate land in Taiwan suitable for building semiconductor fabs". It did not mention potential alternative sites. Key Points
ReutersSamsung SDI, Stellantis choose Indiana for second joint EV battery plant
South Korea's Samsung SDI Co Ltd (006400.KS) said on Wednesday that it has chosen the U.S. state of Indiana to build its second joint electric vehicle (EV) battery plant with carmaker Stellantis NV (STLAM.MI). Key Points
ReutersBJP leader Shahnawaz Hussain suffers cardiac arrest; admitted to Mumbai's Lilavati Hospital
Shahnawaz Hussain was admitted to Mumbai's Lilavati Hospital after a complaint of high blood pressure earlier today. The ECG and 2D Eco reports showed he suffered a minor heart attack. Key Points
Economic TimesIndia to host Parliament-20 meeting mid-October: Official
India will host the Parliament-20 meeting next month, with speakers and presiding officers of G20 countries and invitee nations participating. The meeting aims to build political support for international commitments and will be held in the new Parliament building in Delhi. The event will showcase India as the mother of democracy and an exhibition will also be organized to coincide with the meeting. Key Points
Economic TimesExclusive: India's JSW in talks with Chinese carmaker Leapmotor for EV tech -sources
India's steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor (9863.HK) to license technology to build electric vehicles in India, according to people familiar with the discussions. Key Points
Reuters