Rural Demand May Boost Indian Consumer Companies This Earning Season
Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Local equities may ride the uptrend in Asian markets this morning, after the S&P 500 closed at a record high on Monday. The India–US trade deal will be in focus, following a White House statement that both countries are finalizing agreements. Non-bank lenders too will be in the spotlight after the Reserve Bank of India said they remain in good health.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
The Outlook Really Is Very Cloudy
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord, where you can hang out and talk with us and with other listeners 24/7.
TechCrunch
an hour ago
- TechCrunch
Amazon deploys its one millionth robot, releases generative AI model
After 13 years of deploying robots into its warehouses, Amazon reached a new milestone. The tech behemoth now has one million robots in its warehouses, the company announced Monday. This one millionth robot was recently delivered to an Amazon fulfillment facility in Japan. That figure puts Amazon on track to reach another landmark: its vast network of warehouses may soon have the same number of robots working as people, according to reporting from the Wall Street Journal. The WSJ also reported that 75% of Amazon's global deliveries are now assisted in some way by a robot. TechCrunch reached out to Amazon for more information. The company also announced it's releasing a new generative AI model called DeepFleet for its warehouse robots. This AI model, which can coordinate the robots' routes within the company's warehouses more efficiently, will help increase the speed of its robotic fleet by 10%, according to Amazon. The company used Amazon Sagemaker — the AWS cloud studio that helps build and deploy AI models — to create DeepFleet. Amazon trained the model on its own warehouse and inventory data. Amazon's one-millionth robot represents more than just a number. The company has improved its fleet of robots in recent years, adding new capabilities and models. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW In May, the company unveiled its latest robot, Vulcan. This model has two arms, one designed for rearranging inventory, and another with a camera and suction cup to grab items. Most notably, these Vulcan robots have a sense of 'touch' that allows it to feel the items it is grabbing, according to Amazon. In October 2024, the company announced its 'next-generation fulfillment centers' which would include 10x as many robots as their current facilities, in addition to human workers. The first of these new robotic-powered centers opened shortly after in Shreveport, Louisiana, near the state's Texas border. Amazon originally started building up its robotic capabilities back in 2012 alongside its acquisition of Kiva Systems.
New York Times
an hour ago
- New York Times
Explosion at Indian Pharmaceutical Factory Kills 36
At least 36 people were killed and another three dozen seriously injured, officials said Tuesday, after a large explosion at a pharmaceutical factory set off a fire in the southern Indian state of Telangana. A day after the explosion, which occurred on Monday, firefighters had quenched the fire and were sifting through the burned wreckage of the plant at an industrial park about 30 miles from the state capital, Hyderabad, according to G.V. Narayana Rao, the state's fire services director. Emergency workers toured a scene of twisted metal and charred concrete as excavators worked their way between heaping piles of wires, pipes and other debris. Many of the injured were hospitalized with burns or suffering from smoke inhalation, but Mr. Rao said the death toll was not expected to rise. India is the world's largest manufacturer of generic pharmaceuticals, and industrial accidents at drug factories are common. However, Mr. Rao said, the death toll from Monday's incident is the largest from a fire in the state in more than 25 years. The plant, in Sangareddy, is owned by Sigachi Industries. It was manufacturing microcrystalline cellulose, a substance used in the production of medical capsules. While it remains unclear what caused the fire, Mr. Rao said initial clues pointed to a pressure buildup in a dryer system that may have resulted in a 'dust explosion.' In an post on social media, Prime Minister Narendra Modi of India wrote he was 'anguished by the loss of lives' and pledged 200,000 rupees, about $2,335, through his National Relief Fund to each of the deceased victims' next of kin.
