Towards becoming an integral part of the global value chain – Deccan Herald – Bangalore

The interim budget presented by Finance Minister Nirmala Sitaraman has far-reaching implications for India’s manufacturing trajectory and supply chain ecosystem. One, strengthening and expanding the manufacturing and charging ecosystem for electric vehicles sets the direction for automotive manufacturers as they plan their investments in the high-growth Indian automotive market.

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Foxconn Warns of Chip Shortage sees ‘Slightly Better’ 2024 – The Economic Times – Mumbai

Taiwan’s Foxconn, Apple’s biggest iPhone assembler and the world’s largest contract electronics maker, expects its business this year to be “slightly better” than last year but is facing a shortage of chips for AI servers. “We did pretty well last year, although we had a rather large write off in the first quarter,” Foxconn chairman Liu Youngway said on Sunday, referring to awritedown related to its 34% stake in Japanese electronics maker Sharp.

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Calligo’s 1st Silicon with ‘Posit’ Chops this Month – The Economic Times – Mumbai

Bengaluru-based semiconductor startup Calligo Tech is expecting its first silicon for general purpose computing with alternative number system Posit this month, a senior company executive told ET. Posit is a system, which when used in silicon, claims to deliver better performance and accuracy for high performance applications — specifically those that involve significant mathematical computations.

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Tech salaries get reset as startup talent becomes affordable amid crises at Byju s, Paytm – The Economic Times

Executive search and recruitment services firms ET spoke with said the ongoing funding winter, a hiring slowdown, layoffs, and regulatory troubles at some companies have made startup talent much more affordable While many employees of cash strapped edtech firm Byju s have been in the job market for a while now, troubles at Paytm after the central bank imposed curbs on its payments bank unit have made a number of its staffers jittery, driving them to explore other options

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The interim budgets emphasis on innovation and growth is promising Geetanjali Vikram Kirloskar – The Week

Sharing her views on the focus laid on innovation and R&D, Geetanjali Vikram Kirloskar, Chairman and Managing Director, Kirloskar Systems Limited said, the announcement of a corpus of Rs 1 lakh crore for long term, interest free loans is aimed at boosting innovation. This move is expected to encourage industries to have a more focused approach towards research and innovation, particularly in emerging areas such as renewable energy and battery storage.

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Tech salaries get reset as startup talent becomes affordable amid crises at Byjus, Paytm – The Economic Times

Empower Your Corporate Journey with Strategic Skill Courses Offering College Course Website MIT MIT Technology Leadership and Innovation Visit Indian School of Business ISB Leadership in AI Visit A glut of CVs in the job market from laid off startup and ecommerce employees, and those looking to exit companies like Byjus, is leading to a sharp reset of salaries from the stratospheric levels scaled in the postCovid 202122 hiring frenzy

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Beyond Bengaluru

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