
Apollo Tyres turns ₹174-cr. profit in Q2
The Hindu
Apollo Tyres Ltd. has posted a consolidated net profit of ₹174 crore for the second quarter ended September against a net loss of ₹246 crore in the year-ago period.During the period under review, the
Apollo Tyres Ltd. has posted a consolidated net profit of ₹174 crore for the second quarter ended September against a net loss of ₹246 crore in the year-ago period.
During the period under review, the company registered 18% growth in its revenue to ₹5,077 crore. Both Indian and European operations witnessed revenue growth, it said in a statement.
“The pressure on margin front continues, due to the rising raw material prices, despite taking multiple price corrections in the last few months,” said Onkar Kanwar, chairman.

GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










