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Business Economy


T-Works to be operational by Dec 2018: Minister

Hyderabad, Dec 5 (UNI) Telangana Industry Minister K T Rama Rao on Tuesday said that the T-Works, an incubator especially for hardware, will be operational by December 2018.
In his inaugural address at the two-day 17th India Design Summit, organized by Confederation of Indian Industry (CII) alongwith the National Institute of Design and Government of Telangana held at HICC here,
Mr Rao said said T-Works one of the worlds largest Maker Spaces coming up in 2.5 square feet arear about 3 kms from Hi-Tech city by the same time next year.
This space would allow anyone with an idea to collaborate and create new offerings. Already three companies were tied with T-Works and many more coming into it.
He said that Industry 4.0 was India’s opportunity to lead the world and added that today, collaboration and open sourcing was making an unprecedented opportunity available for Hardware Entrepreneurship as it did for software based entrepreneurship a few years back.
Mr Rao emphasized that good design helps elevate our quality of life and physical environment, bringing about tangible economic and financial dividends in attracting talents and businesses and fostering creativity and hence it is of critical importance for business and society. He expressed that a maturing and growing India requires, without a doubt, excellence in design, as it was not any more a desirable factor, but an essential factor.
Dr Naushad Forbes, Immediate Past President of CII, and Chairman of India Design Council talked about the need to scale the impact of design.
He quoted that India produces hardly about 5000 designers every year whereas South Korea with just 3 per cent of India’s population produces around 25000 designers per year.
Dr Forbes expressed that design must be larger as an enterprise and should get more prominence than it gets now.
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Cadence Delivers Machine Learning-Optimized Xcelium Logic Simulation with up to 5X Faster Regressions

12 Aug 2020 | 10:24 PM

SAN JOSE, Calif. and BENGALURU, India, Aug. 12, 2020 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that the Cadence® Xcelium™ Logic Simulator has been enhanced with machine learning technology (ML), called Xcelium ML, to increase verification throughput. Using new machine learning technology and core computational software, Xcelium ML enables up to 5X faster verification closure on randomized regressions.

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CenturyPly sees a positive EBITDA of over 5 Crore in first qr of FY 2020-21

12 Aug 2020 | 10:20 PM

Kolkata, Aug 12 (UNI) India’s leading plywood company, Century Plyboards (India) Ltd.,
today announced its results for the first quarter of FY 20-21 with a net revenue from
operations at Rs 200.68 crore, a decrease of 65 per cent over corresponding period of
last financial year ( Rs. 573.71 crore).

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Ashok Leyland Q1 FY ’21 revenues at Rs 651 Cr

12 Aug 2020 | 9:17 PM

Kolkata, Aug 12 (UNI) Ashok Leyland Limited, flagship of the Hinduja Group, reported
a revenue of Rs. 651 Cr for Q1 FY ’21 as against Rs. 5684 Cr for the same period
last year.

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Tanla announces un-audited financial results for Q1FY2021

12 Aug 2020 | 9:11 PM

HYDERABAD, India, Aug. 12, 2020 /PRNewswire/ -- The Board of Tanla Solutions Limited (NSE: TANLA) (BSE: 532790) at its Board Meeting held on August 12, 2020 announced the un-audited financial results for the quarter ended on June 30, 2020 for FY21.

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I-Day Celebrations : GCOT announces 'Gramodaya Bandhu Mitra Puraskar'

I-Day Celebrations : GCOT announces 'Gramodaya Bandhu Mitra Puraskar'

12 Aug 2020 | 7:44 PM

Hyderabad, Aug 12 (UNI) Gramodaya Chamber of Commerce and Technology (GCOT), a non for profit Social Enterprise, founded by the Alumni of Osmania University, to emancipate the life of Rural dwellers, on Wednesday announced “Gramodaya Bandhu Mitra Puraskar” on the eve of 74th Independence Day Celebrations.

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