Latest news with #Hariharan
Time of India
2 days ago
- Automotive
- Time of India
Hyundai says no impact on production due to rare earth magnet shortage
Hyundai Motor India on Wednesday said the company is not facing any production issues due to the shortage of rare earth magnets. Replying to a query in the company's earnings conference call, Hyundai Motor India Head of Investor Relations K S Hariharan noted that the company is maintaining an adequate inventory of the rare earth magnets. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science MBA CXO Technology Operations Management Management Leadership Others Finance Design Thinking Project Management Artificial Intelligence Healthcare MCA Digital Marketing PGDM Product Management Public Policy Data Analytics others Degree healthcare Data Science Cybersecurity Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details "We are not facing any issue. We are continuously working with our vendor partners to take care of the inventory. We are already having adequate inventory for the near term," Hariharan said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo The automaker is continuously working with the supply partners to mitigate any kind of supply chain disruptions at the production facilities, he added. The recent imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks impacting the user industries, including the auto and electronics sectors. Live Events China currently dominates the global rare earth magnet supply chain, controlling over 90 per cent of global processing capacity. These magnets are essential components across sectors like automobiles, household appliances, and renewable energy. The Chinese government has mandated, from April 4 onwards, that special export licences be required for seven rare earth elements and associated magnets.
News18
2 days ago
- Automotive
- News18
Hyundai says no impact on production due to rare earth magnet shortage
New Delhi, Jul 30 (PTI) Hyundai Motor India on Wednesday said the company is not facing any production issues due to the shortage of rare earth magnets. Replying to a query in the company's earnings conference call, Hyundai Motor India Head of Investor Relations K S Hariharan noted that the company is maintaining an adequate inventory of the rare earth magnets. 'We are not facing any issue. We are continuously working with our vendor partners to take care of the inventory. We are already having adequate inventory for the near term," Hariharan said. The automaker is continuously working with the supply partners to mitigate any kind of supply chain disruptions at the production facilities, he added. The recent imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks impacting the user industries, including the auto and electronics sectors. China currently dominates the global rare earth magnet supply chain, controlling over 90 per cent of global processing capacity. These magnets are essential components across sectors like automobiles, household appliances, and renewable energy. The Chinese government has mandated, from April 4 onwards, that special export licences be required for seven rare earth elements and associated magnets. PTI MSS MSS SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 30, 2025, 17:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
2 days ago
- Business
- Business Standard
Redington records 12% YoY growth in Q1 PAT; clocks EBITDA of Rs 450 crore
Redington has posted 12% increase in consolidated net profit to Rs 275 crore on a 22% rise in revenue to Rs 26,002 crore in Q1 FY26 as compared with Q1 FY25. The companys Mobility business grew by 44% YoY, supported by growth in the premium segment. The Cloud business grew 41% YoY, maintaining strong momentum with the hyperscalers. The Technology Solutions Group (TSG) grew 21% YoY, driven by large deal wins. EBITDA improved by 6% to Rs 450 crore in Q1 FY26 from Rs 424 crore in Q1 FY25. The company said that it continues to evolve as a holistic technology solutions provider addressing the market demand for smartphones, PCs, servers, storage, networking, software solutions for hybrid work and learning environments, consumer, SMB and enterprise customers. It is also responding to the emerging technology requirements fueled by growing adoption of cloud, generative AI, cyber security and sustainable technologies. V.S. Hariharan, managing director & group CEO, Redington, said: In Q1 FY26, our growth has been stellar led by cloud, mobility & technology solutions business with strong double digit growth rates. India, UAE & KSA continue to provide us with the momentum by delivering a high growth, outperforming the market, while Africa continues to remain stable. With our enhanced focus on software, cyber-security and application software, we have embarked on the next wave of digital transformation that will further strengthen our growth trajectory." The companys net debt equity ratio was at 0.23x at the end of Q1 FY26 as against 0.21x at the end of Q1 FY25. Return on equity (RoE) and return on capital employed (ROCE) for Q1 FY26 was 12.6% (down 40 basis points YoY) and 14.5% (down 160 basis points YoY), respectively. Provision for accounts receivables for Q1 FY26 was 0.39% as against 0.02% for Q1 FY25. Redington is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services in India, the Middle East, Turkey and Africa.
CNBC
16-07-2025
- Business
- CNBC
This data center stock will be a winner as Nvidia resumes China shipments, JPMorgan says
Shares of GDS Holdings may see a boost as artificial intelligence darling Nvidia resumes shipments to China, according to JPMorgan. The firm upgraded the data center stock to overweight from neutral and raised its price target to $46 from $34. That updated target calls for about 22% upside from Monday's closing level. Earlier this week, Nvidia said that it hopes to start deliveries of its H20 general processing units "soon" after the U.S. government assured it that licenses would be granted. The company halted sales back in April after the U.S. government said that it would need a license to sell the chips to China. "We are upgrading GDS to OW, given the resumption of H20 shipments into China … should drive an upside case for the domestic DC business," analyst Gokul Hariharan wrote. "Demand indications from Tier-1 [cloud solution provider] customers remain quite strong for AI inference compute (as seen by the 150 MW order from Alibaba in 1Q25) and we see a pathway to continued upgrades in the China pipeline and revenue growth." U.S.-listed shares of the China-based company were more than 1% higher in the premarket following the move. Shares have also rallied more than 90% in the past three months and around 66% in the past six. GDS 3M mountain GDS, 3-month The analyst also noted that although capacity for AI training compute in China could be "balanced or in mild oversupply" due to an "aggressive" buildout in remote locations such as Ulanqab, he thinks that GDS has "very limited" exposure to that area of the market. Even with some oversupply, there could be some pricing upside next year as more AI inference demand kicks in, he added. Beyond China, the analyst said that GDS's international business has been "quite strong" and thinks that its international arm known as DayOne should continue to see gains even with rumblings of GPU restrictions in countries like Malaysia. "We believe that aggregate growth for DayOne … should continue, given the opening up of new markets (Thailand, Europe) and continued strong demand from its largest Chinese social media customer," Hariharan also wrote. Most of Wall Street is similarly bullish on the name, as 17 out of 18 analysts have a strong buy or buy rating, LSEG data shows. Its consensus target of almost $45 also implies more than 18% upside from here.
Time of India
02-07-2025
- Time of India
Woman tips off cops, husband and friend held for ganja supply
Chennai: A woman's alert to police led to the arrest of her husband, a techie involved in buying and distributing ganja, in Thiruvottiyur on Tuesday. Police also arrested his friend, who assisted him in the trade. The accused, Raja, 28, lived in a private apartment in Thiruvottiyur and worked for an IT firm on Anna Salai. According to police, he purchased ganja in bulk and stored it at home where he split it into smaller packets for distribution among friends and acquaintances. Despite repeated objections from his wife and frequent quarrels, he continued the activity. Police said he also physically assaulted her when she protested. Worried about the consequences of his drug dealings, his wife eventually contacted the Chennai Police control room and shared their address. A team of the Thiruvottiyur police immediately conducted a search at the residence and seized ganja. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai During questioning, Raja disclosed that he procured the narcotic from Hariharan, 25, a resident of North Railway Station Road in Thiruvottiyur. Hariharan, in turn, sourced it from a dealer in North Chennai. Police said they admitted to acquiring it through a WhatsApp group in which there are more than 100 members and earned a commission in the form of ganja for every sale Raja facilitated. Both Raja and Hariharan were remanded in judicial custody. Police have registered a case and are now investigating others linked to the distribution network.
