Seoul, April 24 (IANS) Hyundai Mobis, South Korea’s leading auto parts maker, said on Friday its first-quarter net profit fell 14 per cent from a year earlier as weaker global vehicle demand weighed on earnings.Net profit for the three months ending in March fell to 883.05 billion won ($596 million) from 1.03 trillion won a year earlier, the company said in a regulatory filing.”Rising external uncertainties linked to prolonged tensions in the Middle East dampened vehicle sales and parts demand,”…
Latest R&D News & Updates
Hyderabad, April 17 (IANS) The government is taking planned steps to develop Telangana into a strategic aerospace hub for the country, aligned with future industry needs, state minister for industries and information technology, D. Sridhar Babu, said on Friday. He stated that with an estimated demand for 42,000 new aircraft over the next 20 years (as projected by Boeing and Airbus), Hyderabad is being positioned to capture this opportunity.Speaking at the national conference organised by the Aer…
New Delhi, April 9 (IANS) Minister of State for Science and Technology, Dr Jitendra Singh, on Thursday called upon the private sector to step up participation in research and development (R&D), stressing that stronger industry engagement is key to building a robust innovation ecosystem in India.The minister said the government has taken several enabling measures, including opening up sectors such as space and nuclear energy to private players and introducing mechanisms like the Research, Dev…
New Delhi, April 6 (IANS) Global capability centres (GCCs) leasing in India reached a record 9.1 million square feet in the January-March period this year — the highest quarterly GCC absorption on record, a report showed on Monday.This comes against the backdrop of the country’s overall office sector registering a gross absorption of 20.7 million sq ft — the highest level recorded for any quarter, according to the report by CBRE South Asia Pvt Ltd.As compared to 19.7 million sq ft in Q1 2025…
New Delhi, March 18 (IANS) Around 65–68 per cent of the projected office supply in India during 2026–27 is expected to come up within integrated technology parks, a report showed on Wednesday.A report by CBRE said this suggested a rise from 54–58 per cent in 2024–25. India’s total office stock is also projected to cross the 1 billion sq ft mark this year.The report also noted that 2025 was the strongest year for the office market in terms of both leasing and supply.“Annual gross abso…
Bengaluru, Feb 25 (IANS) Job openings in the Indian semiconductor design global capability centres (GCCs) increased in the October-December period last year (Q4 2025), with November and December recording the strongest month-on-month uptick in job openings during the year, though hiring volumes remained below early-2025 levels, a report showed on Wednesday.According to Careernet’s ‘India’s Semiconductor Design GCC Talent Ecosystem-CY 2025’ report, an analysis of hiring data across the to…
New Delhi, Feb 23 (IANS) India’s GCC office market transition from cost‑cutting centres or back offices to global growth engines marks a watershed moment in the country’s economic history, a report said on Monday.The report from The Hindu said nearly 58 per cent of Global Capability Centres (GCCs) in India are investing heavily in Agentic AI, that can reason and execute complex tasks moving beyond experimentation to enterprise‑scale deployment.Indian GCCs now act as Centres of Excellence f…
New Delhi, Feb 9 (IANS) In the backdrop of the interim India-US trade agreement framework, India must prioritise trade openness and reforms to unlock long-term competitiveness, a new report showed on Monday.These priorities are correcting inverted duty structures, streamlining logistics and customs to cut input costs, fostering assembly-based manufacturing for scale and employment and reducing protectionism, expanding FTAs, boosting R&D, and easing land/labour/skills constraints, according t…
New Delhi, Feb 4 (IANS) European aerospace company Airbus on Wednesday announced the inauguration of a Centre of Excellence (CoE) for aerospace studies at the Gati Shakti Vishwavidyalaya (GSV) in Gujarat’s Vadodara to research into converting municipal waste into Sustainable Aviation Fuel (SAF).A key focus area of the CoE would be R&D into Sustainable Aviation Fuel and supporting student-led innovations in future aerospace technologies, the company said in a statement.The Centre aims to stre…
Seoul, Jan 28 (IANS) Hyundai Mobis, South Korea’s leading auto parts maker, said on Wednesday its fourth-quarter net profit dropped 39.9 percent from a year earlier due to losses from equity investment in group affiliates, as well as the effects of Washington’s sectoral tariffs.Net profit for the three months ended in December totalled 768.1 billion won (US$536.4 million), compared with 1.28 trillion won from the same period in 2024, the company said in a regulatory filing.Operating profit for t…