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Apple turns to Japan to ease China's rare-earth magnet supply squeeze
Apple turns to Japan to ease China's rare-earth magnet supply squeeze

Business Standard

time2 days ago

  • Business
  • Business Standard

Apple turns to Japan to ease China's rare-earth magnet supply squeeze

This squeeze had forced the company to close down the plant for two weeks till June-end - a move that was unprecedented Surajeet Das Gupta New Delhi Listen to This Article Apple Inc's Telangana factory, which is run by Foxconn to assemble its AirPods, is procuring rare-earth magnets for wireless earbuds from Japan in order to get over the Chinese government squeeze on their supplies to the company. This squeeze had forced the company to close down the plant for two weeks till June-end — a move that was unprecedented. Government sources privy to the development say that the quick action by Apple Inc has helped the company to restart production of AirPods at the factory in Kongara Kalan from the beginning of July. To ensure continuity in production, Apple Inc

Startup founders can't be Batman, Superman, Mandrake combined: Shivakumar
Startup founders can't be Batman, Superman, Mandrake combined: Shivakumar

Business Standard

time3 days ago

  • Business
  • Business Standard

Startup founders can't be Batman, Superman, Mandrake combined: Shivakumar

What's changed in the past five to 10 years is the advent of consumer technology (tech), and today, consumers are using more digital services than physical ones, says Shivakumar premium Surajeet Das Gupta New Delhi Listen to This Article His just-released book, The CEO Mindset, focuses on leadership qualities in a complex world. Shiv Shivakumar, operating partner at Boston-based $500 billion private equity (PE) major Advent International — who has straddled various companies from Hindustan Lever to Aditya Birla group — talks to Surajeet Das Gupta about management challenges and business models. Edited excerpts: What is your assessment of the impact of artificial intelligence (AI) on Corporate India? AI will take out aggregator jobs — for example, the executive who prepares the minutes of board meetings is gone. Most of these roles lie in middle and lower management, but

Ola Electric, TVS charge up plans to beat rare-earth magnet crunch
Ola Electric, TVS charge up plans to beat rare-earth magnet crunch

Business Standard

time22-07-2025

  • Automotive
  • Business Standard

Ola Electric, TVS charge up plans to beat rare-earth magnet crunch

Ferrite magnets are now globally considered a viable and cost-effective option due to their easy availability instead of rare-earth materials like neodymium, making it an affordable option Surajeet Das Gupta New Delhi Listen to This Article Ola Electric is planning to launch in the third quarter (September-December) some of its electric vehicles powered with ferrite motors as an alternative to those that go with heavy rare-earth magnets, whose supply the Chinese government has choked. Government sources Ola is in discussion with have said the company has been working for over two years on developing the technology and design for ferrite motors, where the magnet is made of iron (with some other metals added). The prototype has been internally validated and is being tested on some of its vehicles. The company has to go to the Automotive

India's own Foxconn? Dixon's PLI-powered roadmap could reshape electronics
India's own Foxconn? Dixon's PLI-powered roadmap could reshape electronics

Business Standard

time21-07-2025

  • Business
  • Business Standard

India's own Foxconn? Dixon's PLI-powered roadmap could reshape electronics

Dixon is transitioning from being predominantly domestic assembler - smartphone assembly accounted for 89 per cent of its revenue as of Q3 FY25 - to becoming a deeper player in electronics value chain Surajeet Das Gupta New Delhi Listen to This Article Dixon Technologies has earned a rare distinction: it is the only Indian company ranked among the top 20 global electronic manufacturing services (EMS) players by revenue in 2024, according to research agency Manufacturing Market Insider. In a league dominated by heavyweights like Foxconn, Pegatron, and Luxshare, Dixon's presence is a significant achievement for a homegrown brand. Still, the scale difference is stark. Dixon's 2024-25 (FY25) revenues, at ₹38,860 crore, are just a quarter of Foxconn's revenues from India alone (₹1.72 trillion), thanks largely to Apple Inc, which remains the dominant force in the Indian EMS landscape. Yet, Dixon has set its

Ctrl+Alt+Reboot: Artificial intelligence rewriting jobs, not ending them
Ctrl+Alt+Reboot: Artificial intelligence rewriting jobs, not ending them

Business Standard

time17-07-2025

  • Business
  • Business Standard

Ctrl+Alt+Reboot: Artificial intelligence rewriting jobs, not ending them

A survey finds most Indian job seekers are more curious than anxious about AI Surajeet Das Gupta New Delhi Listen to This Article For those worried about losing their jobs to artificial intelligence (AI), here's something to cheer about. A survey by the country's largest job site, released on Thursday, shows that only one in three job seekers (33 per cent) across age groups fear job losses due to AI, so the majority do not. Among fresher job seekers, one in three believes AI will create more jobs. In contrast, experienced professionals expect a balance — jobs created will likely match those lost. The survey is based on responses from over 60,000 job seekers across eight cities and more than 20 industries.

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