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Industry Updates

L&T secures solar power projects in the Middle East

In Short:Larsen & Toubro's renewable energy arm has won contracts to build two large-scale solar PV plants in the Middle East. The company did...

Apple orders more periscope lenses for iPhone 16 Pro, possibly offering 5x optical zoom: report

In Short:Apple is two months away from revealing its next iPhone family, with the focus on advanced camera features for the Pro models. The...

Major banks experiencing decrease in deposits and credit since March; smaller banks performing better

In Short:Two major Indian banks, HDFC Bank and Bank of Baroda, reported a decline in loans and deposits in the June quarter of FY25....

Seven investors including Kaynes to invest in Mysuru’s electronics cluster

In Short:The Government of Karnataka is planning to set up an electronics manufacturing cluster in Mysuru district at a cost of Rs 245.67 crore,...

Samsung to integrate Galaxy AI-Powered Live Translate into WhatsApp Calls.

In Short:Samsung announced that its Live Translate feature will support third-party apps, possibly including WhatsApp calls, through Galaxy AI. The feature is expected to...

Potential impact of new UK government on Tata Steel job cuts at Port Talbot

In Short:The change in the UK government could impact Tata Steel's job cuts and plant closure in Port Talbot. The Labour Party is focused...

Karnataka Minister announces meeting for potential sites of Bengaluru’s second airport

In Short:Karnataka's Infrastructure Development Minister MB Patil announced plans for a second airport in Bengaluru, considering factors like passenger load and connectivity to the...

Department of Telecommunications seeks applications for Quantum Communications research

In Short:The telecom department is inviting applications from the communications industry for standardizing and testing of quantum technologies to benefit communication networks. Quantum technology...

FMCG firms witness improved demand, rural growth up in Q2

In Short:FMCG industry saw volume growth improve and gradual recovery in rural demand trends in June quarter. Analysts predict low-to-mid single-digit volume growth for...

The disappearance of Chinese banks in current times

In Short:Starting in the mid-1980s, America's banks faced the Savings and Loan crisis due to poor risk controls and property downturn. Similarly, Chinese small...

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