
Tata Tech–Emerson Partnership Cuts Mobility Testing Time by 67%
In a major step towards redefining how future vehicles are tested, Tata Technologies and Emerson have teamed up to develop smarter, faster testing and validation solutions for electric, autonomous, and next-gen software-driven vehicles.
This partnership brings together Tata Technologies' deep know-how in mobility engineering with Emerson's cutting-edge tools for testing and automation. The goal? To help global carmakers, aerospace giants, and commercial vehicle manufacturers cut down development time and build better products—faster.
And it's already showing results. In one of their pilot projects with a top European luxury carmaker, the two companies managed to build EV powertrain test rigs in just five months. That's a whopping 67% faster than the industry standard. Another collaboration saw them run over 30,000 test scenarios on an infotainment display system, significantly shrinking the product development timeline.
'We're excited to work with Emerson on building intelligent and automated testing tools,' said Nachiket Paranjpe, President and Head of Automotive Sales at Tata Technologies. 'It's part of our bigger vision—to make the future of mobility software-defined, efficient, and customer-focused.'
Echoing this enthusiasm, Shitendra Bhattacharya, Country Head of Emerson's Test and Measurement business in India, said the partnership represents a 'powerful synergy' that will help automakers simplify the complex task of bringing next-gen vehicles to market.
Pilot programs are already live in India, Europe, and North America, with more global rollouts in the pipeline. For both companies, this is more than a partnership—it's a shared commitment to accelerating the shift to smarter, cleaner, and safer mobility.
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CNBC
40 minutes ago
- CNBC
Fund managers are going all-in on Europe's banking stocks, Bank of America finds
Fund managers are becoming increasingly bullish on European equities, according to the latest iteration of Bank of America's European Fund Manager Survey. European stocks have broadly enjoyed a significant rally this year, amid a diversification away from U.S. assets , the promise of massive fiscal stimulus in Germany , and a bull run in the region's defense sector . Between July 4 and July 10, BoA polled 222 fund managers who collectively manage assets worth $504 billion. The findings, published Tuesday, showed that a net 81% of European investors see upside for European equities in the coming 12 months, with the proportion of managers overweight on the region — a net 41% of respondents — hitting a four-year high. Last month, 75% of fund managers told BoA they were forecasting upside for European stocks over the next 12 months. More than 20% of those invested in the region said they believed the upside for regional stocks in the coming year would be more than 10%. It's important to note, however, that the survey was completed before U.S. President Donald Trump announced plans to slap 30% tariffs on goods imported from the European Union . Three-quarters of the fund managers polled told BoA that they believe German fiscal policy, European defense spending and further regional integration can end Europe's structural underperformance. Fiscal easing was seen as something that should help "insulate the region from US headwinds." Meanwhile, 23% of fund managers said they were underweight U.S. equities. According to the survey results, 63% of those surveyed are anticipating economic growth in the United States will slow in the coming months — but BoA's strategists said in a note accompanying the findings that "Europe is seen as immune." "[Sixty-three percent] think European fiscal spending will be impactful enough to lead European macro and markets to decouple from US policy headwinds, up from 25% last month," they said. "This has also led investors to turn less sanguine on the European inflation outlook, with a net 4% seeing scope for European inflation to rise over the next twelve months, the highest since March 2022." Where is the money going? When it comes to how fund managers are allocating capital to Europe, regional banking and technology stocks led the way, with more than one in five saying they were overweight on those sectors. European banks outperformed almost every other sector in the region in the first half of the year, with the Stoxx 600 Banks index gaining almost 30% in the first six months of 2025. Several European lenders, including Deutsche Bank and Barclays, hit decade-highs in recent weeks amid strong returns and a flurry of M & A activity. More than half of the fund managers surveyed by BoA said the European banking sector "still looks attractive after the strong rally." 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European retail, mining and media stocks were also among the most unloved sectors among fund managers in July, BoA's survey results showed. Germany's in, Switzerland's out When it comes to individual countries in Europe, BoA noted that "Germany remains the most preferred equity market in Europe, followed by Italy, while Switzerland is the least preferred, followed by France." Around 40% of fund managers named Germany as their preferred equity market in Europe. The country's benchmark DAX index has surged almost 22% this year, thanks to major rallies among the likes of arms manufacturer Rheinmetall , up around 200% year-to-date, and Commerzbank, which has added 84%. Germany's MDAX index, home to the country's midcaps, has also added 22% since the beginning of 2025, lifted by a regional bull run in defense that has boosted German defense players Renk , Hensoldt and Thyssenkrupp by 310%, 204% and 182%, respectively. Meanwhile, around 40% of the fund managers polled by BoA said they were underweight Switzerland. Switzerland has come under pressure in recent months, as market volatility fueled demand for its safe haven currency — but a rising Swiss franc creates various challenges for domestic policymakers. Any intervention in the FX market, however, could cause contention in the U.S., where the government has placed Switzerland on a "Monitoring List" of trading partners "whose currency practices and macroeconomic policies merit close attention." — CNBC's Jenni Reid and Ruxandra Iordache contributed to this report.
Yahoo
an hour ago
- Yahoo
US inflation accelerates to 2.7% as Trump's tariffs start to bite
Consumer prices rose 2.7% in June from a year earlier, the US Labor Department said on Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month. Worsening inflation poses a political challenge for President Donald Trump, who promised during last year's presidential campaign to immediately lower costs. The sharp inflation spike of 2022-2023 was the worst in four decades and soured most Americans on former President Joe Biden's handling of the economy. Higher inflation will also likely heighten the Federal Reserve's reluctance to cut its short-term interest rate, as Trump is loudly demanding. Trump has often insisted in comments on social media that there is "no inflation" and that as a result, the central bank should swiftly reduce its key interest rate from its current level of 4.3% to around 3%. Excluding the volatile food and energy categories, core inflation increased 2.9% in June from a year earlier, up from 2.8% in May. On a monthly basis, it picked up 0.2% from May to June. Economists closely watch core prices because they typically provide a better sense of where inflation is headed. 'While US inflation remains on the benign side of things compared to recent history, today's figures perhaps mask darker signs that may just push the US one step closer to a stagflationary environment," Lindsay James, investment strategist at Quilter, said, adding that inflation as well as core inflation are both "moving away from the Federal Reserve's 2% target". The uptick in inflation was driven by a range of higher prices. The cost of gas rose 1% just from May to June, while grocery prices increased 0.35%. Appliance prices jumped for the third straight month. Trump has imposed sweeping duties of 10% on all imports, plus 50% levies on steel and aluminium, 30% on goods from China, and 25% on imported cars. Just last week, the president threatened to hit the European Union with a new 30% tariff starting 1 August. Related EU trade ministers discuss €72 billion retaliatory tariffs on US goods Which European economy stands to suffer the most from US tariffs? The acceleration in inflation could provide a respite of sorts for Federal Reserve Chair Jerome Powell, who has come under increasingly heavy fire from the White House for not cutting the benchmark interest rate. Powell and other Fed officials have emphasised that they want to see how the economy evolves as the tariffs take effect before cutting their key short-term rate. The Fed chair has said that the duties could both push up prices and slow the economy, a tricky combination for the central bank since higher costs would typically lead the Fed to hike rates while a weaker economy often spurs it to reduce them. Trump on Monday said that Powell has been "terrible" and "doesn't know what the hell he's doing". The president added that the economy was doing well despite Powell's refusal to reduce rates, but it would be "nice" if there were rate cuts, because people would be able to buy housing a lot easier". 'Trump continues to bang the drum for the strength of the US economy and the need for lower interest rates, but that is not what the data is suggesting," said James. "With labour markets remaining pretty solid so far, the objective of price stability would usually warrant either a hold or a hike in interest rates at the Fed." Last week, White House officials also attacked Powell for cost overruns on the years-long renovation of two Fed buildings, which are now slated to cost $2.5 billion (€2.14bn), roughly one-third more than originally budgeted. While Trump legally can't fire Powell just because he disagrees with his interest rate decisions, as the Supreme Court has signalled, he may be able to do so for a clear cause such as misconduct or mismanagement. 'It is now seeming likely that the second half of the year will see further price pressures, coupled with potentially stagnating growth," James said, adding that "so far inflation has been held in check by the high level of inventories built up before Liberation Day". Some companies have said they have already raised prices or plan to do so as a result of the tariffs, including Walmart, the world's largest retailer. Automaker Mitsubishi said last month that it was lifting prices by an average of 2.1% in response to the duties, and Nike has said it would implement "surgical" price hikes to offset tariff costs. But many companies have been able to postpone or avoid price increases, after building up their stockpiles of goods this spring to get ahead of the duties. Other companies may have refrained from lifting prices while they wait to see whether the US is able to reach trade deals with other countries that lower the duties. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Rivian taps Google to bring custom maps into its EVs and app
For 18 months, Rivian and Google engineers worked together. Today, they're showing off their work. Rivian is pushing out a software update that will bring a unique version of Google Maps into its EVs. It's the latest step in Rivian's continued effort to distinguish its vehicles with software — an effort that has helped it strike up a joint venture with one of the world's biggest automakers, Volkswagen. This isn't a typical the Google Maps integration and it's unlike the tech company's other collaborations in the automotive sector. For years, Google has pushed into automotive through its smartphone projection app called Android Auto as well as Google built-in, an Android Automotive operating system that integrates Google services directly into the vehicle and is used by automakers like Volvo. The collaboration with Rivian is neither. Instead, Rivian customers who use the in-car navigation will no longer see the Mapbox-based maps. Now, they'll see Google Maps, but with a lot of Rivian DNA sprinkled on top, including its trip planner, user interface and design, and EV charger locations, according to Rivian's chief of software Wassym Bensaid. 'We obviously closely watch customer feedback, and I think one of the areas where we had some level of criticism was navigation,' Bensaid said. The company could have tried to incrementally improve its existing in-car navigation. Instead, it started working with Google to launch a new product. Rivian's challenge: it didn't just want the default Google Maps application. 'Google really wanted to embrace a new model of collaboration with a more open integration down to the API levels for Google Maps, and that required working with a tech partner on that journey to integrate both solutions, and I think we're really super happy with the result of this collaboration,' he said. The new maps feature will include estimated time of arrival, traffic updates, place information, and satellite imagery from Google Maps, all of which is integrated into Rivian's navigation system. The in-car navigation will also include tappable points of interest. Carrying over Rivian's trip planner is crucial as it showcases EV range estimates and charging stop selection, all powered by A Better Routeplanner. Other Rivian features like its 'range on arrival,' charging stops and preferences, and the EV maker's charging score, which gives a rating for individual charging sites based on plug-in data from Rivian vehicles, have also been folded into the Google Maps. The new Google-based maps will start to roll out today via a software update in Rivian vehicles and its mobile app. The updated Rivian mobile app will include additional trip planning features as well. Rivian said it added place photos, place descriptions and satellite view (with a Connect+ subscription), as well as the ability to see traffic and traffic incidents in the app. Users can also continue to share destinations and trips from the Rivian mobile app to their vehicle.