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For China’s government planners, one of the most important roles for artificial intelligence (AI) and automation is addressing looming challenges in the labor market. After nearly four decades of the one-child policy, China’s aging population is growing, while the number of working-age people (15-64) is decreasing.
Lakshmi Machine Works gained 1.33% to Rs 5163.30 after the company's consolidated net profit zoomed 10 times to Rs 33.26 crore in Q3 FY21 from Rs 3.26 crore in Q3 FY20.Net sales jumped 49.4% to Rs 478.56 crore in Q3 FY21 from Rs 320.33 crore in Q3 FY20. The result was announced after market hours yesterday, 27 January 2021. The company's profit before tax came at Rs 46.62 crore in Q3 FY21, six times higher than Rs 7.46 crore in Q3 FY20. Tax expense jumped to Rs 13.35 crore in Q3 FY21 from Rs 4.2 crore in Q3 FY20. On the segmental front, the revenue from the textile machinery division was at R...