VERTICALS
Advanced Air Mobility can improve accessibility, create new economic opportunities in India: WEF report
A new report by the World Economic Forum and India's civil aviation ministry suggests that Advanced Air Mobility (AAM) solutions like air taxis and air ambulances could revolutionize transportation in India. The report highlights AAM's potential to alleviate traffic congestion, improve accessibility, and connect rural areas.
Best geysers (Water Heaters) from top brands offering high efficiency, quick heating, and reliable performance
Choosing the right geyser can greatly improve efficiency and comfort. This collection reviews top geyser brands like Crompton, Havells, AO Smith, Bajaj, and more. These brands provide models known for high energy efficiency, quick heating, and reliable performance. From affordable options to high-tech designs, we explore the best geysers for every household need. Discover which water heater matches your lifestyle and keeps you cosy throughout the colder months.
Piramal Pharma deploying USD 85 mn capex this fiscal: Nandini Piramal
Piramal Pharma is investing USD 85 million this fiscal for initiatives like capacity expansion and maintenance. They have already used USD 30 million in the first half. Part of the funds will be for domestic use and some for the US. The company aims to reach USD 2 billion in revenue by FY30.
Best water heaters (Geysers) in India: Top picks for energy efficiency, durability, and quick heating in 2024
Selecting the right water heater (geyser) for your home can be challenging, but this list of the best options in India for 2024 simplifies your choice. Prioritising energy efficiency, durability, and quick heating, these top-rated models provide consistent performance while keeping electricity bills in check. Whether you're looking for tankless, storage, or instant heaters, these picks offer advanced features and long-lasting reliability, making them ideal for modern households aiming to save energy and water.
Two new survey-focused verticals created within NSS
The government has restructured the National Sample Survey (NSS) by creating the Household Survey Division and the Enterprise Survey Division to enhance survey methodologies and expedite report releases. Additionally, financial autonomy has been granted to 71 department heads to improve operational efficiency.
Stock to watch: Tata Elxsi shares in focus ahead of Q2 results. Here's what to expect
Tata Elxsi's Q2 results are anticipated to show an 8% growth in net sales to Rs 956 crore and a 21% QoQ jump in net profit to Rs 223 crore. Analysts are keenly watching demand outlook, especially in SDS, transportation, media, and communications verticals.
Tellado Realty divests its hospitality business to StayVista
Tellado Realty has sold its hospitality business to villa rental brand StayVista, which will offer fully-serviced stays at Tellado's villa establishments in Goa. This partnership enables Tellado to concentrate on building luxury villas while StayVista takes over operations and management.
Stock to watch: Nykaa shares in focus after update on Q2 revenue
Nykaa witnesses strong performance in Q2 with consolidated net revenue growth in mid-twenties. Beauty vertical, omnichannel retail, and eB2B distribution show robust growth. Fashion vertical sees NSV growth in early teens. Nykaa expands Dot & Key ownership to 90%. Festive season expected to boost demand.
No light and air for slumdogs who hoped for millionaire houses, end up in vertical slums
The Bombay High Court has criticized the poor construction of slum redevelopment buildings in Mumbai, calling them 'vertical slums' due to lack of space, ventilation, and sunlight. The court emphasized the need for better implementation of the Maharashtra Slum Area Act and directed concerned parties to submit suggestions for improvement.
Top 10 best geysers Under 15,000 in India for effortless comfort
Finding the best geyser under Rs.15,000 in India is easy with options that deliver efficient heating, safety, and durability. These budget-friendly geysers offer advanced features such as energy-saving technology, rapid heating, and corrosion-resistant tanks. With multiple capacities and sleek designs, they cater to households of all sizes. Whether you need an instant geyser for quick showers or a storage heater for large families, the best geysers under Rs.15,000 combine performance and affordability, making them ideal for every home.
DGCA issues circular advising airworthiness certification requirements for vertical take-off, landing
The Directorate General of Civil Aviation (DGCA) has issued an advisory circular detailing the baseline airworthiness criteria for type certification of Vertical Take-Off and Landing capable aircraft (VCA). This move aims to streamline the certification process and ensure safety and reliability of electric vertical take-off and landing (eVTOL) technologies in India, encouraging innovation in the sector.
L&T creates renewable EPC vertical
A Ravindran, senior vice president, Larsen & Toubro, has been appointed as the head of renewable business. "The growth of renewable EPC business has accelerated in recent years," said Larsen & Toubro chairman SN Subrahmanyan. "Thanks to our early start and investments, we have built an organisation that is uniquely placed in the value chain of creating sustainable energy infrastructure. This space is promising. Multiple opportunities are visible."
Credvest launches new proptech vertical, Parking Capital
Credvest has launched Parking Capital, a new proptech platform offering asset-backed investments to a wider audience. This service allows developers to receive essential capital for land acquisition and provides investors with the opportunity to earn passive income through real estate bonds with flexible interest payout options.
LTTS aims at $1 billion revenue for each of its three verticals
Analysts at Nuvama said, ¡°Management forecasts India¡¯s share of global ER&D (engineering and research and development) outsourcing market would expand at a CAGR (compound annual growth rate) of 17¨C22% over 2023¨C30. They anticipate global ER&D spend to touch $540 billion in the auto segment, $280 billion in transport & off-highway and $120 billion in aerospace & rail by 2030.¡±
BigBasket¡¯s q-comm comeback; decoding PB Fintech¡¯s bull run
Happy Tuesday! Tata-owned BigBasket is planning to ride full speed ahead into the red-hot quick commerce sector. This and more in today¡¯s ETtech Morning Dispatch.
Healthcare vertical keeping heart rates up at Indian IT services companies
In recent months, the healthcare vertical of India-centric IT services firms has been in the spotlight, seeing a lot of activity and grabbing headlines for both good and bad reasons. This is in the backdrop of Cognizant TriZetto, a unit of Cognizant Technology Solutions, suing Infosys in a US court for allegedly stealing its trade secrets related to its healthcare insurance software.
MoSPI creates two survey-based verticals in recast
The Ministry of Statistics and Programme Implementation has restructured to improve survey frequency and reduce reporting delays. New Household and Enterprise Survey Divisions have been established, along with state and international cooperation units. The aim is to enhance data quality for policy-making, with plans to increase the periodicity of the Periodic Labour Force Survey data.
IT firm Happiest Minds reports growth in BFSI vertical
Happiest Minds experienced a 540 basis point increase in its BFSI vertical, influenced by the acquisitions of Aureus and PureSoftware. These acquisitions also contributed to a sequential revenue rise of 11.2%. However, net profit declined by 29.1%, attributed to acquisition-related expenses. The company's headcount grew significantly in the quarter.
Archer says Stellantis to help fund some air-taxi production costs
The funding will give Archer access to much-needed capital to fund the production of its flagship 'Midnight' aircraft to 650 units annually. The company had cash and cash equivalents of $360.4 million at the end of June. Archer has since secured an additional $230 million of equity capital, including from Stellantis and United Airlines.
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