Industry - general
Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion
23 Nov 2023
In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)
Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion
23 Nov 2023
In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)
Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion
23 Nov 2023
In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)
OneWeb India gets IN-SPACe nod to launch satellite broadband service
23 Nov 2023
The authorisation allows Bharti Airtel, a promoter of Eutelsat OneWeb, to launch satellite-based broadband services once it is allotted the required spectrum by the Department of Telecommunications
Google Gemini: Learn about the new innovation by Google
21 Nov 2023
Google's Gemini, celebrated by CEO Sundar Pichai as a groundbreaking innovation, has been creating ripples since its announcement.
Indian investigators seek to revive the Adani probe and request Supreme Court assistance
17 Nov 2023
Indian investigators are making renewed efforts to reopen a probe into the Adani Group over allegations of coal import overvaluation.
Government plans overhaul of SEZ Act, proposes reduction in tax incentives, and increased integration
09 Nov 2023
The government seems poised to refrain from introducing fresh direct tax incentives for businesses in special economic zones (SEZs).
Piyush Goyal is scheduled for a meeting with Tesla CEO Musk to discuss potential market entry
09 Nov 2023
In a significant development, Indian Commerce Minister Piyush Goyal is scheduled to meet with Tesla CEO Elon Musk in the United States next week.
Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027
08 Nov 2023
Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.
The National Industry Quarterly report states 8.6% volume growth in the FMCG sector
08 Nov 2023
India's fast-moving consumer goods (FMCG) industry has experienced a significant uptick in growth during the July–September quarter of fiscal year 2024 (Q2 FY24).
Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal
07 Nov 2023
Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.
India's automobile retail sales witnessed an 8% dip in October, but Navratri boosted the sector
06 Nov 2023
In a mixed bag for the Indian automobile sector, the latest data from the Federation of Automobile Dealers Associations (FADA) reveals that the country's automobile retail sales for October 2023 have experienced an 8% decline compared to the same period last year.
Shell to cut more low-carbon jobs and cut back on investments amid an overhaul
26 Oct 2023
Shell Oil Corporation, one of the largest in the world, will cut at least 15% of the workforce in its low-carbon solutions division and cut back
Honasa Consumer, parent company of Mamaearth, set to launch IPO on October 31
25 Oct 2023
One of India’s fastest-growing startups, Mamaearth’s parent company, Honasa Consumer Ltd., will launch its initial public offering (IPO) on October 31, 2023.
Kotak Mahindra Bank faces uncertainties with new external CEO and potential acquisition
23 Oct 2023
Kotak Mahindra Bank Ltd. has released its September 2023 quarter results, which stood up to expectations. The bank reported a 24% growth in profit
Netflix raises prices and gains subscribers amidst strikes
19 Oct 2023
Streaming giant Netflix has increased subscription prices for some plans in the U.S., Britain, and France. These new prices became active on Wednesday
India-UK free trade deal unlikely by month's end
19 Oct 2023
India and the United Kingdom are unlikely to agree on the expected trade deal by the end of October. It was reported that negotiations are still ongoing
China’s Belt and Road Initiative will shift to a greener approach after a decade of big projects and big debt
17 Oct 2023
The Belt and Road Initiative, which was undertaken by China a decade ago, looks to become smaller and greener.
Sir Jim Ratcliffe close to buy 25% of stake in Manchester United Football Club
16 Oct 2023
After months of negotiations and several bids being rejected, Qatari prince and investor Sheikh Jassim bin Hamad bin Khalifa Al Thani pulled out of the race
Reliance in talks with potential partners for chipmaking foray: report
08 Sep 2023
Oil-to-retail conglomerate Reliance Industries Ltd (RIL) is reported to be in talks with global leaders in semiconductor business in a bid to explore a possible entry into the high technology business
G20 leaders’ summit buzz: Biden may question laptop import restrictions
04 Sep 2023
While visiting New Delhi to participate in the upcoming G20 Leaders’ Summit this week, US President Joe Biden is expected to engage in discussions with Prime Minister Narendra Modi regarding India’s import restrictions on items such as laptops and other electronic products, according to individuals familiar with the matter.
President Biden issues order restricting technology investments in China
10 Aug 2023
On 9 August 2023, US President Joe Biden signed an executive order that enforces restrictions on certain new American investments in China, specifically targeting sensitive technologies such as computer chips. The order also mandates government notification for investments in other technology sectors in China.
Indian government imposes restrictions on laptop and PC imports to boost local manufacturing
05 Aug 2023
In a move to promote domestic production in the electronics sector and especially curbing imports from China, the Indian government has imposed immediate restrictions on importing laptops, tablets, and personal computers falling under the HSN 8741 category.