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In line with the Murugappa group's vision of growing and expanding its sugar business, the Rs.1,147 crore turnover EID Parry (India) Ltd will acquire majority stake in the Rs.235 crore GMR Industries.

Global Leader Discusses Challenges and Reveals Secrets to Success in Rapidly Growing Industry

"The global magnetic sensor market size is expected to reach USD 3.2 billion by 2025, exhibiting a 6.8% CAGR over the forecast period. Growing emphasis on automobile safety, coupled with steadily declining prices of sensors, has supported product demand. Integration of sophisticated technology in consumer electronics is also expected to drive the magnetic sensor market. In addition to smartphones, magnetic sensors are being increasingly integrated into wearables such as fitness bands and smartwatches. The trend of embedding these components with giant magnetoresistance (GMR) films has gained a lot of importance. This procedure aids in detecting and reading data from microelectromechanical systems (MEMS), such as MRAMs, temporary memory processing units, and hard drives."