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India News:
Stay informed with India’s latest headlines. Here we bring to you what transpired that has significance to the nation and its people. Read on to update yourself.
IT Sector Anticipates Hiring Rise In The Fiscal Year
In February, demand for technology talent surged to a new high for the fiscal year, hitting 124,000 hiring mandates, a 50% increase from January, reports Xpheno. The sector anticipates a 7-8% hiring rise in the latter half of 2024, with optimistic projections for March at 150,000 demands. Despite a drop in fresher hiring by 60%-65%, a turnaround is expected, catalyzed by economic recovery and increased IT spending, notes Teamlease. The trend reflects a shift towards specialized skills like cyber security and AI, with entry-level and mid-junior roles seeing notable growth.
Wipro GE Healthcare To Invest In Make In India
Wipro GE Healthcare, a leading medical technology innovator, plans to boost local manufacturing in India from 50% to 70–80%. The company intends to invest Rs 8,000 crore over five years, focusing on ‘Make in India for the World’. President Elie Chaillot aims to raise localisation by 10–15% annually. India’s competitive labor costs drive this initiative, with the potential for tenfold growth in the global market. Export destinations include Southeast Asia, Eastern Europe, the EU, and Latin America. Chaillot targets doubling export revenues and leveraging AI to reduce MRI machine costs. The move comes amid US-China tensions, emphasizing India’s strategic importance.
India And The US Bolster Operational Readiness In Defense
In Exercise Tiger Triumph 2024, over 700 Indian Army personnel are engaged in joint amphibious maneuvers with the Indian Navy and Air Force. Aimed at enhancing interoperability and disaster relief capabilities, the exercise unfolds in Visakhapatnam and Kakinada. The Indian Army showcases its prowess through an integrated battalion group, demonstrating newly acquired weapons and technological advancements. Key highlights include establishing an IDP camp and conducting joint drills for countering asymmetric threats. Through friendly exchanges and strategic maneuvers, India and the US bolster mutual understanding and operational readiness, reaffirming their commitment to joint defense and humanitarian assistance efforts.
Adani Ports Strengthens Its Maritime Dominance
Adani Ports strengthens its maritime dominance with the acquisition of Gopalpur Port, projecting significant growth in cargo handling and revenue. The company’s strategic expansion along the Indian coast and international ambitions position it to rival China’s maritime presence in the region. With an estimated cargo handling of 11.3 MMT and revenue of Rs 520 crore in FY’24, Gopalpur port adds momentum to Adani Ports’ impressive growth trajectory. This strategic move underscores Adani’s vision to capitalize on India’s burgeoning economy, with the ports sector playing a pivotal role in facilitating trade and economic growth.
Chennai Super Kings Extends Their Winning Streak
Chennai Super Kings extended their winning streak in the Indian Premier League (IPL) 2024 by defeating Gujarat Titans by 63 runs in match no. 7 at Chennai’s M.A. Chidambaram Stadium. Opting to bowl first after winning the toss, Gujarat Titans faced a daunting target of 207 runs set by the five-time champions. Shivam Dube’s quick fifty and Sameer Rizvi’s impactful cameo propelled CSK to a commanding total. Despite Rashid Khan’s crucial wicket, CSK’s formidable batting lineup proved too strong for Gujarat, securing another victory. This win reaffirms CSK’s dominance in the IPL 2024 season.
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