All stories by Surajeet Das Gupta
Meity plans jobs push in proposed electronic components PLI scheme
Rediff.com4 days agoThe Ministry of Electronics and Information Technology (Meity) is looking at a proposal to generate 1.5-2 direct jobs for every Rs 1 crore invested by companies under the proposed electronic components production-linked incentive (PLI) scheme. If this plan fructifies, a Rs 10,000 crore investment under the proposed PLI scheme would bring with it the expectation of creating 15,000-20,000 direct jobs in electronic components sector.
Planning A Trip To Dubai? Read This
Rediff.com5 days agoThe bulk of Indian carriers flying to Dubai are low-cost carriers, which include IndiGo, Air India Express, and SpiceJet.
Bajaj looks to pip TVS to second spot in e2W mkt
Rediff.com2 Sep 2024The country's legacy two-wheeler giants - Bajaj Auto and TVS - are fighting a neck-and-neck battle for market share, with the former threatening to dislodging its rival soon. The Pune-based giant, which was trailing far behind TVS just two months ago in e-two-wheelers (e2Ws), has upped the ante. It has increased its market share based on Vahan registrations from 11.6 per cent in June (when it sold only 9,046 electric two wheelers) to 19.3 per cent (when it sold 14,977 this month till August 30).
Indians Prefer Lakshadweep To Maldives
Rediff.com30 Aug 2024Passenger traffic to Lakshadweep more than doubled from April to June this year.
Last Call for Visa-Free Thailand
Rediff.com27 Aug 2024The new visa-free regime allows travellers to stay for up to 60 days instead of only 15 earlier.
Indians Now Boarding For Central Asia
Rediff.com23 Aug 2024Just over a three-hour flight from Delhi, Kazakhstan, Uzbekistan, Azerbaijan and Georgia have seen a big jump in visitors.
Large deals power paradigm shift in India's venture capital terrain
Rediff.com23 Aug 2024India's venture capital (VC) landscape saw a strategic shift during the first half (H1) of the calendar year (CY) 2024, with a notable increase in larger-sized investments. This was evident from a 45.3 per cent rise in disclosed funding value year-on-year, despite a 2.1 per cent drop in deal volume, according to GlobalData, a data analytics and consulting company.
Rs 1.82 trn GST from cell phones 5x what PLI allocated
Rediff.com16 Aug 2024Goods and services tax (GST) collections from mobile device companies, amounting to Rs 1.82 trillion between 2020-21 (FY21) and 2023-24 (FY24), have already generated more than five times the revenue for the government compared to the Rs 34,149 crore allocated under the production-linked incentive (PLI) scheme for mobile devices over six years ending 2025-26 (FY26). Currently, the GST on mobile devices stands at 18 per cent.
Google Pixel Phones Now Made in India
Rediff.com16 Aug 2024'The plan is to assemble most of the new phones in India within three years.'
Ather's $450 mn IPO the next big spark in electric revolution
Rediff.com15 Aug 2024Bengaluru-headquartered electric two-wheeler manufacturer Ather Energy is all set to file its draft red herring prospectus within the second week of September to the Securities Exchange Board of India (Sebi) for its maiden initial public offering (IPO), in which it is expected to raise over $450 million. On Tuesday, the fourth-largest electric two-wheeler maker in the country by volume raised Rs 600 crore from its existing investor, the National Investment and Infrastructure Fund (NIIF), catapulting itself into a unicorn with a valuation of $1.3 billion.
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.