GENERAL ELECTRIC
Need even distribution of global solar investment: ISA
Ashish Khanna of the International Solar Alliance (ISA) highlighted the unequal distribution of solar energy investments, noting that only 15% reaches low- and middle-income countries, with less than 2% going to Africa, despite its high solar potential.
Air India plane tragedy: Crash of a fail-safe aircraft baffles pilots and investigators
The Boeing 787 aircraft have clocked millions of flying hours without being in a fatal crash.
Restore Article 370 and full statehood to take people of J&K into confidence: M A Baby of CPI(M)
CPI (M) leader M A Baby addressed a gathering in Srinagar. He urged for the restoration of Article 370 and full statehood for Jammu and Kashmir. A party delegation visited Kashmir, including Uri and Pahalgam. They met political leaders and families of terror attack victims. Baby emphasized restoring democratic rights to combat terrorism.
Indian firms target overseas assets to fast-track semiconductor ambitions
Indian firms including Tata Electronics and L&T Semiconductor Technologies (LTSCT) have recently made significant moves to acquire foreign assets even as they invest in greenfield facilities within the country.
Waymo leads autonomous taxi race in the US
Waymo's autonomous vehicles have become part of the everyday landscape in a growing number of US cities, serving as safe transport options, tourist attractions, and symbols of a not-so-distant future. But for tourists and business travelers, their first Waymo ride often becomes the most memorable part of a trip to the Golden Gate city.
General Motors to invest $4 billion to ramp up US production
General Motors shares increased following the announcement of a $4 billion investment to shift some production from Mexico to US plants. This move comes as the automaker navigates potential tariffs that could increase prices. The investment will support the production of gas and electric vehicles, including moving Chevrolet Blazer and Equinox production to US facilities by 2027.
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Maharashtra govt forms task force to prepare integrated bus transport plan for MMR
The Maharashtra government has established a 12-member task force, led by BEST's general manager, to create an integrated bus transport plan for the Mumbai Metropolitan Region (MMR). This initiative aims to provide commuters with a seamless travel experience through a single-ticketing system. The task force includes municipal commissioners from various cities within the MMR and will coordinate public transport undertakings.
Nidec expands India footprint with launch of Orchard hub manufacturing campus in Hubli, Karnataka
Nidec Corporation launched Orchard Hub, a manufacturing campus, in Karnataka. The facility will produce generators, EV components and energy storage systems. Production is set to begin later this year. The company invested $55 million in the project. Orchard Hub is expected to generate over 2,000 jobs. Nidec aims to make the campus carbon-neutral by 2028.
'Just managing': US tariffs leave Indian shrimp farmers struggling
Indian shrimp farmers face potential ruin due to rising costs, stagnant demand, and looming U.S. tariffs. President Trump's proposed 26% tariff threatens to make Indian shrimp too expensive for the crucial U.S. market, jeopardizing livelihoods. The industry seeks government intervention to reduce input costs and explore new markets to alleviate the crisis.
US Stock market: Wall Street nears all-time high, Tesla share price soars
US Stock market indexes S&P 50, Dow Jones, Nasdaq on Tuesday performed in green as Tesla share price made tremendous gains.
US stocks muted as US-China trade talks in focus
U.S. stocks experienced mixed performance on Tuesday, influenced by ongoing trade talks between the United States and China. While the S&P 500 and Nasdaq saw slight gains, the Dow remained virtually unchanged. Uncertainty surrounding global trade policies continues to impact companies, as evidenced by Designer Brands' revised financial forecasts, while some companies like Tesla and TSMC saw positive movement.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Reliance Power, Hybrid Financial Services, Creative Eye, Indef Manufacturing and Quality Power Electr, hit their fresh 52-week highs during the day.
Kaynes Semicon, L&T arm to acquire Fujitsu General’s power modules business
Fujitsu will transfer the business to Larsen & Toubro’s fabless chip company and related production facilities to Kaynes, which will in turn manufacture these products for LTSCT, the companies said.
Auto companies 'in full panic' over rare-earths bottleneck
Global automakers are alarmed by China's rare-earth export restrictions, fearing a new supply chain crisis. With limited alternative magnet sources, companies are stockpiling and seeking workarounds to avoid factory shutdowns. The industry's reliance on China for critical raw materials raises concerns about future leverage and potential disruptions.
ET Interview | GE eyes engine deal for India’s stealth fighter, ramps up jet deliveries
General Electric is vying for a contract to manufacture engines for the Indian Air Force's advanced medium combat aircraft, viewing India as a strategically important market. GE is also increasing jet engine deliveries to Hindustan Aeronautics Ltd (HAL) for the Tejas Mark-1A fighter, addressing previous delays.
Is Elon Musk’s feud with Donald Trump a teaser for his political ambitions? Rumors spiral as 'Muskians' weigh in
Tensions between Elon Musk and Donald Trump have erupted into a high-profile spat, raising questions about Musk’s future in politics. With accusations flying and contracts on the line, Republican circles are unsettled. Congressman Thomas Massie believes Musk’s motives are patriotic, not financial—leaving many to ask: is this feud just the beginning of Musk’s political ascent?
China rare earth curbs choke India automakers, add to tensions
Indian automakers are facing challenges in importing rare earth magnets from China, leading to potential production disruptions. China has reportedly rejected India-bound shipments while approving those to other countries.
ULFA leader Paresh Baruah backs Chinese Hydel power project on upper reaches of Brahmaputra
Self-exiled ULFA leader Paresh Baruah supports China's dam project on the Brahmaputra, disregarding potential risks to India while criticizing the Indian government on various issues, including its handling of the Indo-Pak conflict. He simultaneously praises Assam's Chief Minister and reaches out to the Congress leader, attempting to maintain relevance by commenting on Assam's politics and appealing to religious sentiments.
You won’t believe how much each Nvidia employee is worth as the company rides the AI gold rush
Nvidia's $3.5 trillion valuation, achieved with only 36,000 employees, highlights a trend of high market value per worker. A Deutsche Bank analysis reveals that while employment density fluctuates, history demonstrates a constant evolution in job distribution across sectors. Technological advancements are reshaping work, leading to shifts rather than outright job elimination.
ETtech Deals Digest: Startups raise $142.7 million this week, up 8.5% on-year
Startups across seed, early and late stages raised the funds through 14 deals, compared to 64 in the year-ago period. Top deals across the week included Syfe, Udaan, Pepperfry and Stable Money.
'Double engine' model emanating only smoke, not delivering results: Sachin Pilot
Sachin Pilot criticized the BJP's "double engine" government model, calling it an illusion that fails to deliver results in Rajasthan. He accused the state government of neglecting projects initiated by the previous Congress administration and prioritizing pleasing central leaders over effective governance. Pilot expressed optimism about Congress's future prospects and directed officials in Tonk to address public concerns.
Tesla stock slides over 15% after Elon Musk criticizes Donald Trump, President says he's disappointed
Tesla stock dropped by more than 15% following escalating tensions between CEO Elon Musk and President Donald Trump. Musk's criticism of Trump's tax legislation, labeling it a "disgusting abomination," ignited the conflict. Trump expressed disappointment, claiming Musk opposed the bill only after learning about the electric vehicle mandate cuts.
Tesla shares fall 9% as Musk steps up criticism of ally Trump
Elon Musk's criticism of President Trump's tax legislation has impacted Tesla's stock, dropping 3% amid investor concerns. Musk, formerly aligned with the administration through his role in DOGE, now opposes the bill, citing its impact on cost-saving efforts. This shift, coupled with protests, has negatively affected Tesla's sales and stock performance, raising questions about the future of his business ventures.
Not just India's worry, China’s rare earth chokehold tests the mettle of global industry
Global automakers and governments are raising concerns as China's restrictions on rare earth magnet exports disrupt supply chains. These restrictions, citing national security, impact critical industries like electric vehicles and defense. Nations like India, Japan, and the US are scrambling to mitigate the effects, seeking alternative sources and domestic production to reduce reliance on China.
HAL shares gain 2% as defence PSU denies report of stalled GE414 engine deal
Hindustan Aeronautics (HAL) shares will be in focus after the company dismissed a media report claiming stalled talks with GE over local production of GE414 engines. HAL called the report “factually incorrect and misleading,” reaffirming that negotiations are on track and it is not in talks with any other engine manufacturer for the LCA Mk2 programme.
Choice International block deal: BNP Paribas sells shares worth Rs 78 crore in multibagger stock
Choice International share price: BNP Paribas offloaded 11 lakh shares of Choice International worth ₹78 crore in a block deal, with Societe Generale also selling nearly the same amount. Despite the sale, the stock remained steady, backed by strong fundamentals and solid FY25 earnings.
HAL refutes report of stalled GE414 engine deal, says negotiations on track
Hindustan Aeronautics Ltd (HAL) has refuted reports claiming that negotiations with General Electric (GE) for the local production of GE414 engines have stalled, clarifying that discussions are progressing well. HAL emphasizes that it is not engaged in talks with any other company regarding engines for the LCA MK2. The agreement with GE Aerospace, signed in June 2023, remains on track.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
Rohit Kapoor on Swiggy’s food delivery slowdown; Group life insurance gains traction
Happy Tuesday! As the food delivery market cools, aggregators are scrambling to find growth avenues. This and more in today’s ETtech Morning Dispatch.
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