Seoul, July 22 (IANS) Samsung Display said on Tuesday its latest foldable organic light-emitting diode…

Seoul, July 22 (IANS) Hyundai Motor Group’s export of electric vehicles (EVs) from South Korea to the United States fell nearly 90 per cent on-year in the first five months of the year, as the automaker shifts production of America-bound vehicles to its new U.S. facility, according to industry data on Tuesday.According to the data from the Korea Automobile & Mobility Association (KAMA), Hyundai Motor and Kia combined exported 7,156 EVs to the U.S. between January and May this year, down 88 percent from 59,705 units during the same period a year earlier, reports Yonhap news agency.Hyundai Motor Co., including its premium Genesis line, shipped 3,906 units, marking an 87 percent decline, while Kia’s exports dropped 89.1 percent to 3,250 units.The volume represents the lowest level for the January-May period since Hyundai Motor Group began accelerating its electrification strategy in 2021.The decline is largely attributed to Hyundai’s ongoing efforts to localise EV production in the U.S.In the first half of the year, the automaker completed construction of its dedicated EV plant, Hyundai Motor Group Metaplant America, in Georgia. It produced 28,957 units of the Ioniq 5 and 4,187 units of the Ioniq 9 at the facility.At the same time, Hyundai and Kia have also faced challenges in the U.S. EV market. According to industry tracker Wards Intelligence, the group sold 44,555 EVs in the U.S. in the first half of 2025, down 28 percent from a year earlier.Industry watchers say that the outlook for the remainder of the year may be bleaker due to the scheduled termination of U.S EV tax credits in September under the One Big Beautiful Bill Act, a major tax reform bill spearheaded by U.S. President Donald Trump.A recent report by the Federation of Korean Industries (FKI) recently estimated Hyundai Motor Group could lose up to 45,828 units in annual U.S. EV sales, equivalent to US$1.95 billion in sales. The U.S. market accounted for 36 percent of Hyundai Motor Group’s total EV exports last year.—IANSna/

New Delhi, July 22 (IANS) More than 1.6 crore candidates have been trained under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) over the last 10 years, out of which 1.29 crore have been certified (as on June 30).Minister of State (Independent Charge) of Skill Development and Entrepreneurship (MSDE), Jayant Chaudhary, said in a written reply in the Lok Sabha that under other programmes of National Skill Development Corporation (NSDC), around 1.74 crores candidates have been trained.“NSDC has facilitated over 2.32 lakh trainer certifications through Awarding Bodies. The trainer-to-beneficiary ratio varies depending on the type of training, batch size, sector norms and geography,” the minister informed.For the implementation of PMKVY, MSDE released Rs 1,538.29 crore during FY 2024-25.Under PMKVY 4.0, training is being imparted in accredited and affiliated Training Centres (TCs), monitoring of TCs through physical and virtual mode. Legal action such as filing FIR, blacklisting, suspension, financial recovery, etc. are taken against non-compliant TCs.PMKVY is implemented across the country and its benefits are available to all the sections of society including the marginalised communities.To promote inclusivity, mobilising candidates from marginalised communities through targeted outreach, industry-aligned curriculum offerings, and the introduction of futuristic courses to bridge the digital divide are emphasised.“Also, to ensure equitable skill development, accessibility is promoted by mandating geographic spread, with training centres across districts, including dedicated efforts under Special Projects and specific allocations for Aspirational and Left-Wing Extremism (LWE)-affected districts,” the minister noted.Under PMKVY, MSDE has undertaken a range of strategic initiatives aimed at enhancing the employability of youth through market aligned skill training.A comprehensive mapping of job demand is undertaken through insights driven from regular skill gap studies conducted across national, state/district levels, District Skill Development Plans (DSDPs), and industry-specific inputs representing over key sectors and all job roles are aligned with the National Skills Qualification Framework (NSQF) to ensure that the curriculum is responsive to evolving market trends and future workforce requirements.Under PMKVY 4.0, job roles in Artificial Intelligence, Electric Vehicle, Robotics, 5G, and Data Analytics have been introduced to enhance employability in future-ready sectors.—IANSna/

Mumbai, July 21 (IANS) Chief Minister Devendra Fadnavis on Monday said that Maharashtra has taken the lead in digital regulation and systems, asserting that digital governance is not just a requirement but a necessity.

“All government services, government schemes will reach the people easily through this online system. Common people will get all government services in one place. ‘No Office Day’ means that no person will have to come to the office and offline processes will end,” he said at the MoU signing function between the Directorate of Information Technology and the ‘Samagra’ organisation.Stating that all individuals must participate in this online process, CM Fadnavis said that all government services are being brought on platforms like WhatsApp because it is becoming easier for common people to use WhatsApp.“A schedule will be set for this process, and targets and time limits will also be set for each department. Therefore, it will be possible to reach these services to the common people as soon as possible,” he added.CM Fadnavis said that if all the departments work in coordination to provide all government services online, government services will be made available to the people efficiently, and this will increase credibility.He wished for the fundamental transformation that would be brought about by the agreement signed with the Information Technology Department and Samagra.On this occasion, Cultural Affairs, Information and Technology Minister Ashish Shelar, Additional Chief Secretary to the Chief Minister and Additional Chief Secretary of the Cultural Affairs Department Vikas Kharge, Additional Chief Secretary of the Home Department Iqbal Singh Chahal, Principal Secretary of the Rural Development Department Eknath Dawle, Managing Director of the Directorate of Information Technology Kanhuraj Bagate, Development Commissioner Dipendra Singh Kushwaha, Founder and CEO of ‘Samagra’ Gaurav Goyal, Chief Technician Rahul Kulkarni, Manager Anay Gogate, Director Alkesh Vadawani among others were present.–IANSsj/dan

Mumbai, July 21 (IANS) Oberoi Realty on Monday reported a 28 per cent year-on-year (YoY) drop in its consolidated net profit to Rs 421 crore for the quarter ended June (Q1 FY26), compared to Rs 585 crore in the same period in previous fiscal (Q1 FY25).The decline in profit was driven by a steep fall in revenue, which dropped nearly 30 per cent to Rs 988 crore from Rs 1,405 crore in the year-ago quarter, according to its stock exchange filing.Its operating performance also weakened during the quarter. EBITDA fell 36.2 per cent to Rs 520 crore from Rs 815 crore, and margins shrank to 52.7 per cent, down from 58 per cent in the same quarter previous year.Despite the year-on-year (YoY) decline in financials, Oberoi Realty saw a healthy pickup in business activity.The company recorded a 30.2 per cent increase in units booked, rising to 181 units from 139 a year earlier.The carpet area booked also grew significantly by 67.3 per cent to 3.53 lakh square feet, while gross booking value jumped 53.6 per cent to Rs 1,639 crore from Rs 1,067 crore.Oberoi Realty also announced an interim dividend of Rs 2 per share, with July 25 set as the record date to determine eligible shareholders. The dividend will be paid on or before August 7.Shares of Oberoi Realty closed flat at Rs 1,835.5 on the Bombay Stock Exchange (BSE) on Monday, just before the results were announced, while the benchmark Sensex gained 0.54 per cent for the day.“This is to inform you that the Board of Directors of the company at their meeting held on July 21 has declared interim dividend for FY25-26 at the rate of Rs 2 per equity share, i.e. 20 per cent of the face value of equity shares of Rs 10 each,” the company informed the BSE through the filing.–IANSpk/na

Mumbai, July 21 (IANS) Havells India on Monday reported a net profit of Rs 347.53 crore in the first quarter (Q1) of FY26, down 32.78 per cent on quarter-on-quarter (QoQ) basis from Rs 517 crore in Q4 FY25.Revenue from operations also dropped by 16.63 per cent, falling to Rs 5,455.35 crore from Rs 6,543.56 crore in the previous quarter, according to its stock exchange filing.Total income for the quarter also followed suit and stood at Rs 5,524.53 crore — marking a 16.45 per cent decline from Rs 6,612.28 crore in Q4 FY25.Year-on-year (YoY), the company also saw a drop in its profit. Consolidated profit after tax (PAT) fell 14.75 per cent from Rs 407.51 crore in the April-June quarter of the previous fiscal.Revenue from operations also declined 6 per cent YoY from Rs 5,806.21 crore in Q1 FY25.The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to Rs 570 crore, slightly lower than Rs 576 crore in the same quarter previous year.The EBITDA margin dropped to 5.6 per cent, compared to 9.9 per cent a year ago, as per its exchange filing.Havells attributed the weak performance to an unusually mild summer this year, which hurt demand for cooling products like fans and air coolers.It noted that while industrial and infrastructure demand remained strong, consumer sentiment was weak.”Tepid summer this year, in contrast to the strong season last year, led to significant decline in cooling products,” the company said in its exchange filing.Among its segments, wires and cables performed strongly, with revenue rising 27.1 per cent to Rs 1,933 crore compared to Rs 1,521 crore a year ago.However, the lighting and fixtures business slipped 3.1 per cent to Rs 374 crore.The company also highlighted that the performance of its Lloyd brand was impacted due to unseasonal rains and a shorter summer, leading to higher inventory levels and flattish growth in the first half of the calendar year.The results were announced after market hours. Ahead of the announcement, Havells’ stock closed 0.95 per cent higher at Rs 1,533 on the National Stock Exchange (NSE).–IANSpk/na

New Delhi, July 21 (IANS) Deepak Bagla has officially assumed charge as the Mission Director of the Atal Innovation Mission (AIM), said NITI Aayog on Monday.“Bagla joins AIM with an extensive background spanning banking, investment promotion, policy advisory, and institutional leadership,” NITI Aayog said.“His experience extends across multilateral institutions, the private sector, and Government, bringing a unique blend of strategic insight and operational execution to the role,” it added.Before this, Bagla served as the Managing Director and CEO of Invest India, a national investment promotion and facilitation agency.Under his leadership, Invest India received multiple global accolades and emerged as a key institution supporting entrepreneurship, innovation, and startup growth across the country.Bagla has also served on several high-level government committees and represented India in multiple international forums, including as President of the World Association of Investment Promotion Agencies (WAIPA).He holds a Bachelor’s degree in Economics from St. Stephen’s College, University of Delhi, and Master’s degrees in International Diplomacy and International Trade and Finance from Georgetown University, Washington, D.C.“It is a privilege to join Atal Innovation Mission at this pivotal moment. As AIM enters a new phase with an expanded mandate, there is an immense opportunity to further strengthen India’s innovation landscape,” Bagla said.“I look forward to working collaboratively with government, industry, academia, and civil society to nurture a robust ecosystem that drives inclusive growth and positions India at the forefront of global innovation and deliver on the Hon’ble Prime Minister’s vision of a Viksit Bharat,” he added.Established in 2016, AIM is a flagship initiative of NITI Aayog, which continues to play a central role in advancing the government’s mission on innovation and entrepreneurship. It aims to promote and encourage entrepreneurship, employing self-employment and talent utilisation.–IANSrvt/

Mumbai, July 21 (IANS) The Aditya Birla Group-owned cement company UltraTech Cement on Monday reported a net profit of Rs 2,220.91 crore in the April-June quarter (Q1) of current fiscal, down 10.26 per cent from Rs 2,474.79 crore in the previous quarter (Q4 FY25).Revenue from operations also declined by 7.75 per cent, falling to Rs 21,275.45 crore in Q1 from Rs 23,063.32 crore in Q4, according to its stock exchange filing.Similarly, total income dropped 7.38 per cent to Rs 21,455.68 crore, while total expenses were down 8.18 per cent to Rs 18,405 crore compared to the previous quarter.However, when compared to the same quarter last year (year-on-year), the company showed strong growth.Net profit jumped 49 per cent year-on-year (YoY) from Rs 1,493.45 crore, and revenue rose 17.7 per cent from Rs 18,818.56 crore in Q1 of the previous fiscal.The improved annual performance was driven by a 9.7 per cent increase in sales volumes, reaching 36.83 million tonnes, helped by the recent integration of The India Cements Limited and the cement business of Kesoram Industries.The company also saw stronger cement prices in southern and eastern markets due to rising demand in infrastructure and real estate, along with market consolidation.UltraTech’s EBITDA rose 44 per cent year-on-year to Rs 4,591 crore. Operating EBITDA per tonne improved to Rs 1,248, up Rs 337 from the same quarter previous financial year.The operating margin stood at 21 per cent in Q1 FY26, compared to 16 per cent in the year-ago period, the company said in its filing.Following the results, UltraTech Cement’s shares closed the Monday’s trading session at Rs 12,561, up by 0.5 per cent or Rs 63 apiece on the National Stock Exchange (NSE).In last five days, the shares gave almost flat return of Rs 59 or 0.47 per cent, as per the official data.Meanwhile, earlier this month, reports surfaced regarding a probe by the Competition Commission of India (CCI) into alleged cartelisation involving UltraTech Cement’s subsidiary, India Cements.The investigation stemmed from a complaint by ONGC, which accused several cement companies of colluding during its tendering process.However, UltraTech Cement denied any such investigation. In a stock exchange filing on July 5, the company dismissed the media reports as “false and misleading.”–IANSpk/na

Mumbai, July 21 (IANS) Snapping the losing streak, the Indian stock market closed in the positive territory on Monday, following value buying in banking heavyweights, as Sensex gained over 442 points.Sensex settled at 82,200.34, up 442.61 points or 0.54 per cent. The 30-share index opened in green at 81,918.53 against last session’s closing of 81,757.73. However, the index experienced a volatile session, hitting intra-day low at 81,518.66.Nifty50 closed at 25,090.70, up 122.30 or 0.49 per cent.Analysts said that positive results from banking majors supported the market to rebound after many days of consolidation.“The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation,” they added.The manufacturing segment gained today as the government is reviewing the scope of expanding the infrastructure spending to support growth.In the Sensex basket, Zomato, ICICI Bank, Adani Ports, HDFC Bank, Mahindra and Mahindra, BEL, Kotak Bank, Tata Motors, Bajaj FinServ, L&T, Power Grid and Kotak Mahindra Bank settled in positive territory. While Reliance, HCL Tech, Hindustan Unilever, TCS, and ITC were closed in red.Meanwhile, 28 stocks advanced, 21 declined, and one remained unchanged from the Nifty50.Among sectoral indices Bank Nifty soared 430 points or 1.62 per cent and, Nifty Auto jumped 0.67 per cent or 160 points. At the same time Nifty IT and Nifty FMCG ended the session in red.Broader indices witnessed a sharp rally with Nifty 100 closed 121 points higher, Nifty Midcap 100 surged 363.85 points, and Nifty Next 50 settled 278 points up.”Persistent uncertainty surrounding ongoing trade negotiations between the US and India tempered overall market gains, with investors closely monitoring the outcome of these high-stakes discussions for further cues, according to Ashika Institutional Equities.Rupee traded weak by 0.18 per cent at 86.25 as focus shifts to this week’s Fed Chair Powell’s speech, which is expected to drive volatility in the dollar index.Additionally, key economic indicators such as Manufacturing and Services PMI will be closely tracked by market participants, said Jateen Trivedi from LKP Securities.–IANSaps/na

New Delhi, July 21 (IANS) Over 1.53 lakh offers have been made by the top companies in the country to youth during the first two rounds of the Prime Minister Internship Scheme (PMIS) that was launched in October 2024, Minister of Finance and Corporate Affairs, Nirmala Sitharaman, informed the Lok Sabha on Monday.The minister said in a written reply that in round one of the PM Internship Scheme Pilot Project, the partner companies posted more than 1.27 lakh internship opportunities on the PMIS Portal across the country.Against this, more than 6.21 lakh applications were received from about 1.81 lakh candidates. Partner companies made over 82,000 internship offers to over 60,000 candidates, out of which more than 28,000 candidates accepted offers to join the internship, and over 8,700 candidates joined their internship.She further stated that in round two of the PM Internship Scheme Pilot Project, which commenced on January 9, 2025, about 327 partner companies have posted over 1.18 lakh internship opportunities (new and edited unfilled opportunities of previous round) across 735 districts of the country.Over 4.55 lakh applications were received from over 2.14 lakh applicants, in this round. As on July 17, 2025, partner companies have made over 71,000 offers to youth and over 22,500 offers have been accepted.”Currently, rolling out of offers and the process of acceptances/ joining by interns is in progress,” Sitharaman added.The PM internship scheme was announced in the Union Budget 2024-25. It aims to provide internship opportunities to one crore youth in top 500 companies in five years.As an initiation to this scheme, Ministry of Corporate Affairs launched a Pilot Project of the scheme on October 3, 2024, which is targeted to provide 1.25 lakh internship opportunities to the youth in one year.Youth between the age group of 21-24 years, who have passed High School, Higher Secondary School, possess a certificate from an ITI, hold a diploma from a Polytechnic Institute, or are graduates with degrees such as BA, B.Sc, B.Com, BCA, BBA, B. Pharma, etc. and are not employed full-time and not engaged in full-time education are eligible to apply.The Ministry of Corporate Affairs is actively working with various stakeholders such as state governments, industry associations, educational institutions etc. for promotion and implementation of the scheme, Sitharaman said.The ministry is also carrying out information, education and communication activities to reach out to the target groups across the country, she added.–IANSsps/na