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Samsung Electronics shares gain on Apple chip deal

Samsung Electronics shares gain on Apple chip deal

News183 days ago
Seoul [South Korea], August 7 (ANI): Shares of Samsung Electronics rose sharply in early trading Thursday following reports that the tech giant will manufacture Apple's next-generation chips at its US-based foundry plant, as per Pulse Korea.As of 9:15am, Samsung was trading at 70,000 won (USD 50.45) on the Korea Exchange, up 1.74 per cent from the previous session, reclaiming the symbolic '70,000 club" status.Investor sentiment was buoyed by news that Apple is strengthening its collaboration with Samsung and other partners as part of a broader investment expansion in the United States. Market watchers also suggested that Samsung could be a key beneficiary of US tariffs on semiconductor imports proposed by US President Donald Trump.During an Apple investment announcement event held at the White House early Thursday (Korea time), Trump reiterated his plan to impose a 100 per cent tariff on certain chip products. However, he added that chips manufactured at US-based facilities would be exempt from the tariff–positioning Samsung's local operations favorably, as per Pulse.Meanwhile, shares of eco-friendly plastic and packaging companies rallied early Thursday after reports emerged that the Korean government is pushing a national roadmap for plastic reduction as part of its key policy agenda.As of 9:18am, shares of Samryoong were up 8.44 per cent to 9,510 won, while Serim B&G and EcoPlastic rose 4.75 per cent and 1.36 per cent, respectively.According to media reports, the Ministry of Environment recently submitted a detailed implementation plan for the roadmap to the Presidential Planning Committee. During his confirmation hearing last month, Environment Minister Kim Sung-hwan pledged to finalise the roadmap by year-end, emphasising a transition from a one-way consumption model to a circular economy structure.Samsung Electronics shares closed at 70,500 won on Thursday, up 2.47 per cent from the previous day. Shares of Samryoong stayed flat at 8,770 won while those of Serim B&G finished 0.16 per cent lower at 1,827 won and EcoPlastic 1.36 per cent lower at 3,635 won, as per Pulse. (ANI)
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We want to know the truth, we want transparency: US lawyer on AI 171 crash
We want to know the truth, we want transparency: US lawyer on AI 171 crash

News18

time33 minutes ago

  • News18

We want to know the truth, we want transparency: US lawyer on AI 171 crash

Ahmedabad (Gujarat) [India], August 11 (ANI): The lead US attorney, Mike Andrews, representing over 65 families affected by the tragic AI171 plane crash here, emphasised the importance of transparency and truth in the ongoing investigation.'We want to know the truth, we want transparency and exactly what happened," Andrews told ANI. 'These families want to know, and they deserve the respect to know what happened to their loved ones."'We also met the survivor and his family. This appears to be a very humble and hardworking family that is suffering a horrific tragedy. We are currently working on several potential theories that could have caused the throttle control malfunctioning system," he area of focus is the potential impact of moisture on the system. 'One question is whether or not moisture can affect the systems and cause a problem," Andrews explained. He also slammed the ongoing compensation delays for the victims' families, noting that such a 'bureaucratic process" would not have existed if former Chairperson of the Tata Group, Ratan Tata, had been highlighted the late Ratan Tata's legacy of compassion, suggesting his presence could have prevented such hurdles faced by the grieving families.'Even in the US, we know who Ratan Tata was. We know a little bit in the US about his work ethic and his focus on being humble and taking care of his employees and so we know that if he were here today, we don't believe employees and victims and people who were on the aeroplane and on the ground would be subjected to a bureaucratic process in which they're delayed payment," he July 26, Air India released Rs 25 lakh in interim compensation payments to the families of 147 of the 229 passengers who lost their lives in the crash and 19 others who lost their lives on the ground. These payments will be adjusted against the final compensation to be determined Tata Group has also established 'The AI-171 Memorial and Welfare Trust' in memory of the victims. The Trust has pledged an ex gratia payment of Rs 1 crore for each deceased individual and also supports the rebuilding of the BJ Medical College Hostel infrastructure, which was damaged in the accident, and provides assistance to first responders, medical personnel, and other support workers affected by the June 12, Air India flight AI171, a Boeing 787-8 aircraft, crashed shortly after it took off from Ahmedabad's Sardar Vallabhbhai Patel International Airport, killing 260 people, including 229 passengers, 12 crew members, and 19 people on the ground. (ANI)

Putting the puzzle together: Attorney Mike Andrews on AI171 crash
Putting the puzzle together: Attorney Mike Andrews on AI171 crash

News18

time33 minutes ago

  • News18

Putting the puzzle together: Attorney Mike Andrews on AI171 crash

Ahmedabad (Gujarat) [India], August 11 (ANI): The lead US attorney, Mike Andrews, representing over 65 families affected by the tragic AI171 plane crash here, outlined the complexities of the ongoing litigation and stated that the 'challenges initially are putting the puzzle together, finding out what happened."Speaking to ANI, Andrews said that the challenge lies in determining the cause of the crash and identifying whether or not there is a defect that contributed to the tragedy.'There are always challenges in litigation. There are many challenges in product liability litigation. Not only do we have to start where we are now in determining what happened, but we also have to determine whether or not there is a defect that caused this," Andrews explained. The investigation will examine potential design or manufacturing issues, as well as maintenance problems, to piece together the events leading up to the crash.'We need to determine whether the problem stems from design or manufacturing issues, or if it's a maintenance problem. Sometimes it's a combination of the two. So the challenges initially are putting the puzzle together, finding out what happened," he highlighted the intricacies of the case, stating, 'Did a defect render this product unfit for its intended purpose? Was it foreseeable that it was going to be used in this way? Did someone misuse it, and did it fail under its ordinary use?" The investigation will also scrutinise the aircraft's complex electrical and computer systems to determine if any uncommanded or erroneous inputs contributed to the crash.'So, in this case, the question is whether it is foreseeable that a plane will take off. What happened behind the scenes? This is a very complex, complicated, electrically driven, computer-operated aircraft. What other things could have gone wrong? Did the pilots make the inputs, or did the computer call for an uncommanded, uncontrolled, erroneous input that led to this?" he lawyer emphasised the importance of analysing alternative designs that could have prevented or mitigated the crash. 'Once we make those determinations, we begin to look at things like alternative designs. Are there designs out there that could have prevented this from happening, could have mitigated the injuries, could have made it less likely?" On June 12, Air India flight AI171, a Boeing 787-8 aircraft, crashed shortly after it took off from Ahmedabad's Sardar Vallabhbhai Patel International Airport, killing 260 people, including 229 passengers, 12 crew members, and 19 people on the Aircraft Accident Investigation Bureau (AAIB) of India later released the preliminary report into the tragic crash, outlining the harrowing sequence of events that unfolded within 90 seconds of takeoff. It noted that both engines of the aircraft shut down unexpectedly during the initial climb, leading to a catastrophic loss of thrust and rapid crash represents one of the deadliest aviation accidents in India in recent history. (ANI)

103% rise in booking e-tickets in Khurda Road rly division in 1st quarter: Data
103% rise in booking e-tickets in Khurda Road rly division in 1st quarter: Data

Time of India

timean hour ago

  • Time of India

103% rise in booking e-tickets in Khurda Road rly division in 1st quarter: Data

Bhubaneswar: Use of paperless general and platform tickets through the unreserved ticketing system (UTS) on the mobile platform has seen a 103% rise in the first quarter of 2025-26 compared to the similar period in 2024-25, according to latest data released by the Khurda Road railway division. The railway division oversees major stations like Bhubaneswar, Puri, Cuttack, Khurda and Berhampur. From April to June, the division issued 1.83 lakh paperless general and platform tickets, compared to 90,005 tickets issued in the first quarter of 2024-25. "Because of the rise in booking paperless tickets, stations are now witnessing a reduction in queues for unreserved tickets at booking counters," said an official. During 2024-25, the division issued 5.35 lakh paperless general and platform tickets through the UTS on mobile, serving over 22.41 lakh passengers and generating a revenue of Rs 4.76 crore. In 2023-24, it issued 2.56 lakh tickets for 14.81 lakh passengers, generating Rs 2.82 crore in revenue. In 2022-23, around 1.27 lakh tickets were issued for 8.95 lakh passengers, generating Rs 1.53 crore. "This year-on-year growth shows that people want hassle-free services without standing in queues for platform or general tickets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo This exponential growth is attributed to wider public acceptance, user-friendly technology and enhanced payment options such as UPI-based QR code transactions, leading to shorter queues and faster processing," read an official statement. The statement said passengers can now book journey, season and platform tickets directly from their smartphones, leveraging the UTS on mobile platform, eliminating the need for ticket printouts. "The app is available in Hindi, English, and regional languages, ensuring ease of use even for first-time users. Tickets are delivered directly to the app and can be shown to ticket-checking staff using the 'show ticket' option — no hard copy needed," an official source said. An official said passengers can now book unreserved tickets up to three days in advance for journeys above 200km and purchase half-yearly and yearly season tickets, apart from platform tickets, with ease. "The app supports multiple digital payment methods and is compatible with Android, iOS and Windows smartphones," the official added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

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