All stories by SURAJEET DAS GUPTA
Qualcomm launches India-made chip to compete with MediaTek in 5G market
Rediff.com31 Jul 2024Qualcomm launched its new affordable, India-designed chipset, the Snapdragon 4s Gen 2, on Tuesday. This chipset will enable mobile device makers to sell 5G smartphones operating on a standalone (SA) network for Rs 8,300 or less.
'You Can't Solely Rely On Electric Cars'
Rediff.com22 Jul 2024'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'
Can Bajaj's Freedom 12 Disrupt 2-Wheeler Market?
Rediff.com19 Jul 2024'They are testing the waters to see if there is a market. That is why they are not giving sales targets.'
Want A Job In The Movies? Click Here!
Rediff.com18 Jul 2024The ministry of information and broadcasting is working on a proposal to set up a mega movie production studio -- akin to those in Hollywood -- with an investment of Rs 10,000 crore (Rs 100 billion), which will be supported by the government.
Apple Sales In India Up to 67,000 Cr
Rediff.com16 Jul 2024Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
How to make India an electronic & semiconductor products nation
Rediff.com11 Jul 2024A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising its report, which is likely to recommend an allocation of Rs 44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands. The task force's recommendations include significant incentives: Rs 15,000 crore dedicated to electronic products (systems), Rs 11,000 crore for semiconductor products, and Rs 18,000 crore for various other incentives such as talent development, common infrastructure, logistics, and technology & IP (intellectual property) acquisition, a member of the panel revealed.
CRED's Kunal Shah Is Top Startup Founder-Investor
Rediff.com3 Jul 2024Kunal Shah has funded over 266 startups including Razorpay, Snapdeal, Zetwork, BlueSmart, Unacademy, Bliss Club, and Spinny, amongst others.
India now 3rd-largest domestic airline market; capacity doubles in 10 yrs
Rediff.com20 Jun 2024India is the third-largest domestic airline market in the world, up from number five position a decade ago, according to analysis based on OAG data. The data shows India's domestic airline capacity doubling in a decade from 7.9 million in April 2014 to 15.5 million in April 2024. In reaching the third slot, India has replaced Brazil (pushed to fourth place with 9.7 million) and Indonesia (relegated to fifth in the rankings with 9.2 million).
iPhone exports from India hit $2 billion in April-May
Rediff.com12 Jun 2024Technology giant Apple Inc has pushed the pedal on exporting iPhones from India by racking up exports valued at over $2 billion in the first two months of the current financial year (FY25), according to the data provided by vendors to the government. This accounts for 81 per cent of the country's total production of iPhones worth $2.6 billion. In May, Apple repeated its performance of April and once again crossed $1 billion of iPhone exports.
Feud in Godfrey Phillips: Samir Modi files FIR against mother Bina
Rediff.com4 Jun 2024Godfrey Phillips executive director Samir Modi has lodged an FIR in New Delhi's Sarita Vihar police station, alleging that her mother Bina Modi and Lalit Bhasin, one of the company's board members, orchestrated an assault on him during the board meeting. It further exacerbated the ongoing feud among the late KK Modi's family members over the distribution of the Rs 12,000 crore inheritance. Bina is also the director of Godfrey Phillips.
Are Plug-In Hybrid Cars The Future?
Rediff.com15 May 2024Plug-in hybrids have two engines and the electric part has a much larger battery than in the regular hybrids. Car companies, led by the Japanese, are pushing the Indian government to look at hybrids in the interim if it wants to reduce carbon emission.
Weizmann to move court against Western Union on trademark, logo issue
Rediff.com13 May 2024Mumbai-based Weizmann, part of a diversified group, will take to court its former partner Western Union Holdings, the American money-transfer giant, alleging that the United States-based company has imitated its trademark and logo. This, its lawyers say, constitutes a case of infringement and dilution of its intellectual-property rights.
In red-hot AI space, funds for Indian startups cooling down: Traxcn
Rediff.com11 May 2024Venture capital (VC) and private equity (PE) funding for Indian startups in the artificial intelligence sector has seen a dramatic decrease with deal sizes shrinking, notwithstanding the buzz around the country's potential as a major AI hub. Data from research agency Traxcn, which tracks PE/VC investments, shows that total funding for AI startups in India, which started with a bang in 2022 at $599 million, dropped sharply in 2023 to $168.4 million - a decrease of over 71 per cent.
Finnish phone maker HMD plans to make India its manufacturing hub
Rediff.com10 May 2024Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports. The company only began exporting late last year with the Nokia 105 Classic. What started mainly with feature phones will now extend to smartphones - it announced the global launch of models under the HMD brand for the first time a few days ago and these will be available in India too.
Top 6 Auto Brands Sold 92% Cars
Rediff.com10 May 2024The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
Needed Quickly! Semiconductor Experts
Rediff.com1 May 2024Semiconductor makers need thousands of engineers and technicians, and though India has one of the largest pool of engineers in the world, they do not have experience in the semiconductor manufacturing space.
How China Is Wooing Elon Musk
Rediff.com30 Apr 2024'Companies like Tesla and others have been given a long rope in India.'
India-made chips may soon power iPhones
Rediff.com26 Apr 2024Micron Technology, a global leader in memory and storage, is considering supplying Made-in-India chips from its Gujarat plant to one of its key global clients, Apple, whose vendors assemble iPhones in the country. Micron is setting up an assembly test marking and packaging (ATMP) plant in Sanand, Gujarat. Currently, Apple vendors import chips for manufacturing iPhones. Sources in the know say the aim is to use part of the production to supply to Micron's clients in India directly.
Tesla's India factory plan may materialise in 2025
Rediff.com25 Apr 2024Tesla's plan to manufacture its affordable electric car priced at $25,000 in India and Mexico could materialise sometime in 2025 or thereafter, with Elon Musk declaring that these models would be produced at its existing factories to utilise their full capacity before investing in new manufacturing lines. The company operates factories in Texas and Fremont in the US, Berlin in Germany, and Shanghai in China. By the end of the calendar year 2023, Tesla was manufacturing 1.8 million vehicles annually.
US electronics trade: India lags peers in plugging China gap
Rediff.com17 Apr 2024India is far behind global competitors such as Vietnam, Taiwan, and Mexico in increasing electronics exports to the US by making the most of Washington's tariff action against China. In 2018, the US imposed a 25 per cent punitive duty on a range of Chinese electronics items. The trade duties led to a sharp fall in Chinese electronics exports to the US from $207 billion in 2018 to $140.2 billion in 2019, down 32 per cent, according to Indian Cellular and Electronics Association (ICEA) data, which has been analysed by ITC Trade Map.