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Texas governor visits Samsung Electronics' chip facility

Texas governor visits Samsung Electronics' chip facility

Texas Governor Greg Abbott visited Samsung Electronics’ semiconductor facility in South Korea on Tuesday, expressing his appreciation for the company's investments in the U.S. state.

He toured Samsung's Pyeongtaek Campus, located approximately 60 kms south of Seoul, looking around the chip production line and various products, according to industry sources.

Samsung Electronics officials, including Vice Chairman Jun Young-hyun, who heads the tech giant's semiconductor business, accompanied him, reports news agency.

India sees 33 pc surge in diversity hiring, BFSI & IT sectors lead

India sees 33 pc surge in diversity hiring, BFSI & IT sectors lead

The country saw a 33 per cent surge in diversity hiring in June (year-on-year growth), with the banking, financial services and insurance (BFSI) and IT-software services industries leading the way, a report showed on Tuesday.

Delhi, Mumbai and Bengaluru led as hiring hubs, showcasing positive diversity hiring trends.

Overall hiring activity witnessed a 12 per cent yearly increase (June 2024 vs June 2023) and a 2 per cent monthly rise, according to the report by talent platform foundit.

Tata Motors Group clocks 2 pc growth in global wholesales in April-June quarter

Tata Motors Group clocks 2 pc growth in global wholesales in April-June quarter

The global wholesales of Tata Motors Group, including Jaguar Land Rover, reached 3,29,847 vehicles in the April-June quarter of the current fiscal (FY25), up 2 per cent compared to Q1 FY24, the company said on Monday.

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q1 FY25 were at 93,410, higher by 6 per cent over Q1 FY24.

The company recorded global wholesales of passenger vehicles (including electric vehicles) at 138,682, lower by 1 per cent.

After Microsoft Azure, it's time for Indian developers to exit Google Maps: Ola CEO

After Microsoft Azure, it's time for Indian developers to exit Google Maps: Ola CEO

Bhavish Aggarwal, co-founder and Chairman of the Ola group, said on Monday that after exiting Microsoft Azure Cloud, it is time for the developers to shun Google Maps, as he announced one-year free access to all developers to Ola Maps on AI-driven Krutrim platform, along with more than Rs 100 crore in free credits.

Last week, the ride-hailing company Ola exited Google Maps and shifted to in-house Ola Maps for cab operations. The move has apparently saved the company nearly Rs 100 crore a year.

“We’ve been using western apps to map India for too long and they don’t get our unique challenges: street names, urban changes, complex traffic, non-standard roads, etc,” Aggarwal said.

73 pc Indian firms plan to use GenAI to enhance security measures: Report

73 pc Indian firms plan to use GenAI to enhance security measures: Report

About 73 per cent of Indian organisations plan to harness generative artificial intelligence (GenAI) within the next 12 months to enhance security measures and align IT objectives with broader business goals, a new report said on Monday.

However, only 8 per cent of organisations showed high confidence in effectively implementing GenAI technologies, according to the exposure management company Tenable.

"Despite the rise of AI, many Indian businesses are still developing their technology maturity and often lack the resources or skills needed to properly create, train, and implement AI, as well as maintain high standards of data governance," said Nigel Ng, Senior VP, Tenable APJ.

Consulting firm Mercer appoints Siddhartha Gupta as India President

Consulting firm Mercer appoints Siddhartha Gupta as India President

US-based consulting firm Mercer on Monday announced the appointment of Siddhartha Gupta as its India President.

Gupta brings a wealth of experience and expertise to this role, having most recently served as Mercer Mettl's Chief Executive Officer.

"I am excited to take on this role and lead efforts to further strengthen Mercer's position as a trusted partner for organisations seeking to unlock their workforces' full potential. Together with the talented teams at Mercer, I look forward to continuing to deliver exceptional value to our clients," Gupta said in a statement.

Maruti Suzuki 1st automaker to send 2 mn vehicles via Indian Railways towards 'green logistics'

Maruti Suzuki 1st automaker to send 2 mn vehicles via Indian Railways towards 'green logistics'

In a bid to help the government towards its net zero emissions target by 2070, Maruti Suzuki India on Monday said it surpassed 2 million cumulative vehicle dispatches using Railways as part of its ‘green logistics’ goals.

The company has rapidly scaled up its vehicle dispatches through Railways from 65,700 units in FY 2014-15 to 447,750 units in FY 2023-24.

The feat makes Maruti Suzuki India’s first automobile company to attain this eco-milestone.

Today, the company dispatches vehicles to 20 destinations, serving over 450 cities using Indian Railways.

Welspun One raises Rs 2,275 crore to boost logistics infra in India

Welspun One raises Rs 2,275 crore to boost logistics infra in India

Integrated fund and development management platform Welspun One on Monday said it has raised a second fund worth Rs 2,275 crore, inclusive of co-investment commitments, to strengthen logistics infrastructure in the country.

The funds were raised from a diverse pool of approximately 800 Limited Partners (LPs), including high-net-worth and ultra-high-net-worth individuals, family offices, corporates, and domestic institutions.

Combined with ‘Fund 1’, Welspun One's investor base now comprises approximately 1,000 unique investors, it said in a statement.

Welspun One had raised Rs 500 crore as part of its first fund in early 2021.

X manually reviewing users’ direct messages, Musk has no clear answer

X manually reviewing users’ direct messages, Musk has no clear answer

In a worrying trend, Elon Musk-owned X is manually reviewing certain users’ direct messages (DMs) to investigate reported violations and misuse of its service, “or to comply with laws or governmental requests”.

When an X user with @kimdotcom account posted this policy update, the tech billionaire on Monday did not provide a clear answer to the query, which goes against the policy of providing end-to-end encryption to every content on the platform.

“It currently works in a clunky way for one to one messages (if you turn it on). We’re working on making it easy to use and apply to group messages too,” Musk replied.

LG Energy Solution’s operating profit plunges 58 pc as EV sales slip

LG Energy Solution’s operating profit plunges 58 pc as EV sales slip

LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Monday its second-quarter operating profit plunged 58 per cent from a year earlier due to slowing sales of electric vehicles.

Operating profit for the three months ended in June is estimated to have plummeted to 195.3 billion won ($142 million) from 460.6 billion won in the same period of last year, LGES said in a statement.

"Decreased lithium and other metal prices weighed on EV battery prices, and lower demand from automakers resulted in the decline in profit," the statement said, reports news agency.

Sales are projected to fall 30 percent to 6.16 trillion won from 8.77 trillion won during the cited period.

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