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Industry Updates

Gokaldas Exports to Fully Integrate Atraco and Matrix by FY25 End

In Short:Gokaldas Exports aims to integrate its new Atraco and Matrix units by FY25, despite a 16.5% profit drop due to high costs and...

AC Manufacturers’ Profits Surge in April-June Due to Record Heat

In Short:Air-conditioner manufacturers saw significant revenue and profit growth from April to June, driven by high demand during the hot summer. Companies like Voltas...

Cisco to Lay Off 7% of Workforce to Focus on AI and Cybersecurity

In Short:Cisco plans to cut 7% of its global workforce as part of a restructuring to invest in growth areas like artificial intelligence, cloud,...

Karnataka Government Directs Departments to Close SBI, PNB Accounts: Reasons Explained

In Short:The Karnataka Government has ordered all its departments and organizations to stop using the State Bank of India and Punjab National Bank due...

HAL Reports 77% Surge in Q1 FY25 Net Profit to ₹1,437 Crore

In Short:Hindustan Aeronautics Ltd (HAL) reported a 77% jump in net profit to ₹1,437 crore in Q1 FY25, boosted by aircraft manufacturing contracts. Revenue...

Huawei’s Upcoming Tri-Fold Smartphone Expected to Launch with High Price

In Short:Huawei is reportedly developing a tri-fold smartphone, recently seen with a top executive. The engineering prototype costs around $4,900, and the future retail...

MTNL Board Approves 10-Year Service Agreement with BSNL for Telecom Services

In Short:The board of Mahanagar Telephone Nigam Limited (MTNL) has approved a 10-year service agreement with Bharat Sanchar Nigam Limited (BSNL). This move aims...

Honor to Launch Global Rollout of Intent-Based Eye-Tracking Tech Soon

In Short:Honor is rolling out its AI-based eye-tracking feature globally starting August 27. Initially available for the Honor Magic 6 Pro in China, this...

Multiplexes Aim for Increased Occupancy with Independence Day Releases

In Short:After a slow start to FY25's second quarter, multiplexes may boost their fortunes with six film releases on Independence Day. Key Hindi movies...

MediaTek Committed to Providing Affordable, Genuine 5G Smartphones

In Short:MediaTek, a Taiwanese semiconductor company, aims to enhance 5G experiences with affordable mobile devices. They hold a 54% share in India’s smartphone chipset...

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