To address the supply crunch, CII has suggested leveraging the existing excess capacity in the Indian industry; rolling back import duty hike to look for alternative sources of imports; expanding credit to manufacturing units with quick loan sanctions, and one-time emergency waiver of non-performing asset regulations for three months.
Apple Inc has requested the ministry of electronics and information technology (MeitY) to give it 18 to 24 months' exemption to comply with the European Union (EU) regulation of putting an USB charging port in all its older smartphones, mainly iPhone 13 and iPhone 14, which are assembled, exported and also sold in the domestic market. Apple's stance is different from that of Samsung, which has been pushing for an immediate implementation of the EU regulation. All smartphones by the South Korean giant already comply with the EU rules.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
'Chinese are going bang, bang, bang building 30-35 reactors.' 'We should announce a programme of 50 new reactors and show that we mean business on the ground and not just announcements.'
Out of the 1.7 billion expected subscribers in BRIC nations, India is likely to have 560 million mobile users, while China is expected to top the chart with 800 million, a report by eMarketers said. India would be followed by Russia with 189 million users and Brazil at 176 million.
Highlighting the role of MSMEs in enhancing exports and helping the country achieve self reliance, Union Minister Nitin Gadkari on Monday said India does not need to import from China. "Already in automobile sector, in many sectors now, in agriculture, automobiles, everywhere, we have already found the solutions. Now we don't need to import from China," said the minister. He observed that India was exporting a lot of items instead of importing them.
India may be 15th among the top 25 Artificial Intelligence nations, but it has the 'the greatest upward potential' according to research by Tufts University's business school, the Fletcher School. At the top is the US, followed by China, fighting for global leadership in AI followed by the UK, Japan, and Germany. In the 15th spot, India is ahead of Brazil, Argentina, Indonesia, Mexico, Turkey, Indonesia and Thailand.
Indian telcos have been able to garner over 20 million 5G customers in less than four months after the official launch of the service last October, according to industry estimates. With telecom operators like Reliance Jio and Bharti Airtel aggressively rolling out their 5G services in over 190 cities across the country to date, India is now only behind China and the US in terms of the number of cities in a country where 5G services have been extended. Top executives in telcos say that the number of 5G subscribers in India is a conservative estimate and that it will rise as the roll-out gains momentum.
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
The Delhi police on Tuesday arrested two persons including NewsClick founder Prabir Purkayastha in connection with a probe in the portal's foreign funding, officials said.
An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain
'The Chinese have taken to telling their Indian interlocutors to bear in mind the 5:1 disparity in the sizes of the two economies.' 'The message from Beijing, says T N Ninan, is clear: Acknowledge superior Chinese power, and behave accordingly.'
As the Delhi police continue to raid different premises linked to NewsClick, a team reached at Communist Party of India-Marxist General Secretary Sitaram Yechury's residence on Tuesday morning to question his staffer Sri Narayan's son Sunmit Kumar.
According to industry insiders, India has 400 million smartphones and is the world's fastest-growing app market. So the addition or deletion of apps impacts the global valuations of these platforms. "Based on calls given by various local organisations to delete Chinese Apps, there will be an impact," said Blaise Fernandes, director at foreign policy think tank Gateway House. "All of them eventually will go the IPO (initial public offering) route so there would be economic impact also."
His comments come little over a week after Vodafone sold its entire 3.2 per cent shareholding in China Mobile Ltd for about 4.3 billion pounds.
New mobile subscriptions in India are likely to surge 50 per cent in 2007 from the previous year, mainly driven by growth in the ultra low cost market, global equity research firm Citigroup forecasts.
Giving an account of India's overall military modernisation, Lt Gen Pande also said that an in-principle approval has been given to new combat formations called the Integrated Battle Groups (IBGs) which can mobilise fast with a more effective approach.
Firm had opened India office in 2011, its first facility outside China.
Keen to capitalise on the growing geopolitical support from African nations after the recently concluded G20 Summit, India is working with the African Union to hold the fourth India-Africa Forum Summit later this year in Kenya's Nairobi, sources said. Prime Minister Narendra Modi is expected to attend the mega meet along with as many as 50 African leaders, they added. First held in New Delhi in 2008, the India-Africa Forum Summit marked India's initial diplomatic efforts to seek a comprehensive partnership with the African bloc of nations as a whole, at a time when China had begun its own outreach.
With its new line-up, the firm has managed to touch the right chords, but to regain market share from the established players, Micromax will have to fight a protracted battle.
The social media usage is primarily driven by the rising number of active Internet users
The Indian arm of global FMCG major Unilever, Hindustan Unilever, was ranked at the fourth spot, Aditya Birla Group was at the sixth spot, Infosys Tech was ranked eighth and another IT major Wipro cornered the 10th slot.
German engineering giant Siemens is likely to follow in IBM's footsteps by selling off its mobile phone business to a Chinese company, says the German newspaper Frankfurter Allgemeine Sonntagszeitung.
Also, the combination of a new entrant and new technology is not necessarily good.
Royal Philips Electronics is making an ultra low cost mobile handset, priced below (Rs 1000), for India and plans to launch the product sometime next year.
Mobile broadband subscriptions have grown more than 20 per cent annually in the last five years and are expected to reach 4.3 billion globally by the end of 2017.
Nokia is hiring software experts, testing new products and seeking sales partners.
The new technology also includes a special application that can be activated if the smart phone is confiscated by security authorities.
While Indians are increasingly using mobile platforms and technology for various financial transactions and purchases like bill payments, ticket bookings, entertainment, travel and banking transactions, cross border mobile remittance is yet to see the light of the day.
Qualcomm has agreed to pay a hefty fine of $995 million.
In a world without politics, time zones would change by an hour for a shift of 15 degrees of longitude. But, of course, political considerations apply, explains Devangshu Datta.
Demand of mobile handsets in the country is expected to reach 350 million units per annum by 2020, says a study by industry body FICCI with market analyst firm Ernst and Young (E&Y).
The phone is lighter than Lumia 920 and will hit the market in June.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
DRDO's failures over the decades have contributed significantly to India becoming the world's biggest weapons importer, points out Lieutenant General Prakash Katoch (retd).
Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
China on Friday officially launched the world's first dual-mode mobile phones, which function in both GSM (Global System for Mobile Communications) and CDMA (Code Division Multiple Access) networks.
