Latest news with #Frequency
Time of India
4 days ago
- Business
- Time of India
Homegrown Amber Group to buy controlling stake in Israel's Unitronics
New Delhi: Electronics manufacturer Amber Group has signed definitive agreements to take a controlling stake in Israel-based Unitronics , a global player in industrial automations and control systems, the company said in an exchange filing. The company did not disclose the financials of the acquisition. According to the terms of the acquisition, Unitronics will leverage Amber's electronics division -- IL JIN's extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India. The acquisition comes as the Amber group looks to expand its product portfolio in industrial applications. The acquisition will also help Amber with backward integration, enhancing competitiveness, and gaining access to global markets like US and Europe amid rising demand for industry 4.0 applications. "This transaction will significantly strengthen Amber's Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies," said Jasbir Singh, executive chairman and CEO, Amber Group said. Unitronics offers an extensive range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built- in business intelligence, supported by its all-in-one software for machine and process control across various industries, Amber said. Amber currently makes consumer durables, hearable and wearable devices, telecom equipment, automotive solutions, energy meters, and defence solutions. 'This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights," said Haim Shani, Joint Chairman of Unitronic. The executive will continue to serve on the board, and work closely with the Amber leadership, the joint statement added.
Business Standard
4 days ago
- Business
- Business Standard
Amber Group to acquire controlling stake in Israel based Unitronics
IL JIN Electronics India , a material subsidiary of Amber Group, has entered into definitive agreements for taking controlling stake in Israel based Unitronics (1989) (R"G). Unitronics offers an extensive range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built in business intelligence, supported by its all-in-one software for machine and process control across various industries. Unitronics has a robust global presence, delivering its solutions worldwide through an extensive sales network with US and European market contributing ~55% and ~40% of its sales respectively. Unitronics is set to leverage IL JIN's extensive electronic manufacturing expertise and pan-India presence to enhance operational synergies, accelerate innovation, and strengthen its product position in India. The acquisition aligns with Amber Electronic Division's strategy to expand its product portfolio in industrial applications. The combined strength lays a strong foundation for accelerated growth by localizing manufacturing through backward integration, enhancing competitiveness in India, and gaining access to global markets like the US and Europe amid rising demand for Industry 4.0 and real-time data technologies.
Time of India
19-07-2025
- Business
- Time of India
Another rate cut? RBI might soon cut rates by 25 basis points; ICICI flags weak demand, easing inflation
The Reserve Bank of India may have room to cut policy rates amid weak urban consumption and uncertain global demand, according to a report by ICICI Bank . These trends, combined with easing inflation, could prompt the Monetary Policy Committee (MPC) to consider lowering the benchmark interest rate by 25 basis points as early as August. The report said that with the RBI maintaining a neutral stance and following a data-dependent approach, the recent economic signals offer space for monetary easing. 'Monetary policy is forward looking and next year inflation prints are likely to move higher on the back of a low base, but weak urban and uncertain external demand (tariffs) has opened up room for easing,' the report said, cited by ANI. 'Given that the stance is neutral, which implies a data-dependent approach, a downward revision in inflation opens up room for further easing when growth is showing somewhat a downside bias or at least no reason for any upward revision. Hence, we believe this opens up policy space for an additional 25bps rate cut, taking the terminal rate to 5.25 per cent,' the bank said. Talking about when the apex bank might introduce the rate cut, ICICI said that August would be the perfect time to do so. 'When would the MPC cut the policy rate? We believe that August would be the appropriate time for the same, given the muted inflation scenario,' it added. Inflation readings have shown broad-based moderation, largely driven by food. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo In the first quarter of FY26, inflation came in 20 basis points below the MPC's projections, while forecasts for the second and third quarters are expected to fall even further below the central bank's estimates. Food inflation, at -1.1% year-on-year, is at its lowest in over seven years, led by a steep 19% decline in vegetable prices. Although the drop in vegetables is partly due to a high base, similar disinflation across pulses (-11.8% YoY), cereals (3.7% YoY), and spices (-3% YoY) points to a wider trend. The report also noted that with rainfall currently above normal, cereal output is likely to remain strong this year. Sowing activity so far is already 6% higher compared to last year. Looking ahead, ICICI Bank expects near-term inflation readings to stay low. Meanwhile, core inflation is gradually easing. On the external front, the report said weak global momentum is weighing down exports, with June trade data reflecting this impact. While shipments to the US remain firm, demand from other markets remains subdued. A mixed trend is also evident in various High Frequency Indicators (HFIs). For instance, GST collections, which had shown strong growth earlier in the year, slowed sharply to a 50-month low of 6.2% year-on-year in June (reflecting May collections). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hindustan Times
11-07-2025
- Science
- Hindustan Times
DRDO, IAF successfully test fire indigenous Astra beyond visual range missile from Su-30 Mk-I
Defence Research & Development Organisation (DRDO) and Indian Air Force (IAF) successfully conducted the flight-test of indigenous Beyond Visual Range Air-to-Air missile (BVRAAM) 'Astra' equipped with indigenous Radio Frequency (RF) Seeker from Su-30 Mk-I platform off the coast of Odisha on Friday. The missiles destroyed the targets with pinpoint accuracy.(ANI File) According to a statement from the Ministry of Defence, during the tests, two launches were carried out against high-speed unmanned aerial targets at different ranges, target aspects and launch platform conditions. In both cases, the missiles destroyed the targets with pinpoint accuracy. During the tests, all subsystems performed as per expectations including the RF seeker which has been indigenously designed & developed by DRDO. The flawless performance of the Astra weapon system was validated through flight data captured by Range Tracking instruments deployed by Integrated Test Range, Chandipur. These successful flight tests have re-established the accuracy and reliable performance of Astra weapon system with indigenous seeker, the release emphasised. Astra BVRAAM has a range exceeding 100 kms and is equipped with an art guidance and navigation system. In addition to various laboratories of DRDO, more than 50 public and private industries, including Hindustan Aeronautics Limited, have contributed towards the successful realisation of the weapon system. Defence Minister Rajnath Singh complimented DRDO, IAF and industry involved in the design and development of the RF seeker and stated that the successful testing of the missile with an indigenous seeker is a major milestone in critical defence technology. Secretary, Department of Defence R&D and Chairman, DRDO, Samir V Kamat, congratulated all the teams involved during the successful flight test. Earlier this week, the Defence Research and Development Organisation developed a new, powerful howitzer, the Indigenous 155mm/52 Calibre Mounted Gun System, which can quickly shoot and move. The DRDO lab, Vehicle Research and Development Establishment, developed the MGS. The goal was to develop a fully indigenous system that could operate effectively in challenging terrain and engage enemy targets quickly and accurately. Speaking to ANI, Director VRDE G Ramamohana Rao said, "This is a 155mm/52 calibre gun. Such guns already exist, but they are towed separately and take time to deploy. Our MGS is different. It is quick, just 80 seconds to deploy and 85 seconds to move. It is fully made in India and can also be exported to other countries" High mobility Artillery was a technology gap that needed to be addressed, for which the Mounted Gun System (MGS) was a viable solution. Accordingly, VRDE has taken up a Technology Demonstrator Project, 'Design and Development of 155mm/52 calibre Mounted Gun System (MGS) based on ATAGS'.
Korea Herald
30-06-2025
- Entertainment
- Korea Herald
WayV to drop 7th EP next month
WayV is gearing up to return with its seventh EP 'Big Bands' on July 18, label SM Entertainment announced Monday. The upcoming mini album will be dropped about eight months after the group's previous EP 'Frequency,' which charted in the top five on the iTunes Top Albums Chart in 19 regions and earned the band three trophies from the television music charts in Korea. The new EP will consist of six tracks, including Korean and Chinese-language versions of the title track. Soon after the album release, the band of six will launch its second concert tour, 'No Way Out.' After going live in Seoul on Aug. 2-3, it will visit fans in 13 more cities across Asia, from Beijing and Shanghai to Bangkok and Osaka, Japan. Meanwhile, WayV hit the stage in London on Saturday, joining the lineup for the label's all-star concert "SM Town Live 2025."
