Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
The IT ministry said it has received many complaints from various sources, including several reports about misuse of some mobile apps available on Android and iOS platforms for stealing and surreptitiously transmitting users' data in an unauthorised manner to servers which have locations outside India.
If completed, the move would create a 50-50 joint venture valuing Reliance Communications' cable assets at $1 billion.
According to analysts, most of the growth in the smartphone space will come from existing users, who will be lured to upgrade their handsets as new features and technologies turn existing features redundant, says Arnab Dutta.
Telecom gear makers say will take six to eight months for the top 10 cities to have some reasonable coverage of 5G network services.
Edward Snowden, a former private contractor with the Central Intelligence Agencywho leaked the controversial United States secret surveillance programme, on Sunday made fresh claims about America's cyber espionage against China, including intensive hacking attacks on a top university in Beijing.
Russia's Permanent Representative Vassily Nebenzia told an emergency UN Security Council meeting following the attack on the Zaporizhzhya nuclear plant in Ukraine, that radicals and extremists in Ukraine 'were and are' under the 'close guardianship and protection' of Western nations.
as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.
Two years ago this day, Astad Deboo, dancer extraordinaire, passed into the ages. A new exhibition Breaking Boundaries remembers the pioneer who redrew the margins of Indian dance.
Instead, increases in foreign-direct-investment levels; and reforms to make labour, land and capital more mobile.
Chinese handset maker Xiaomi has begun covering its retail store branding with white 'Made in India' logo amid fears of vandalism at outlets against the backdrop of Sino-India border tension, the All India Mobile Retailers Association said. The association had written to Chinese mobile brands to highlight the threat of vandalism at offline stores by people amid calls for boycotting Chinese products in certain sections.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
Vivo, a brand of BBK Communication Technology that makes smart devices such as 4G Xshot handset, is now set to enter the fastest-growing smartphone market in India with the first launch planned later this month.
Are the models calm or does all hell break loose?
India has repeatedly called on Russia and Ukraine to return to the path of diplomacy and dialogue and end their ongoing conflict.
Topics like 'Boycott China', 'Go China' and 'Go Chinese Go' have been trending on Twitter.
About 300 fintech firms are under investigation by the ED for allegedly partnering 38 non-banking financial companies for predatory lending practices to charge borrowers high interest rates.
The Congress released a booklet 'Nau saal, Nau sawaal', asking nine questions from Modi. The BJP rejected the Congress' criticism as a 'bundle of lies and mountain of deception' and said the questions are born out of 'pathological hatred' of the PM.
In a major push towards 'Make in India', Apple Inc is manufacturing 70 per cent of the mobile phones, in value terms, that it sells in the domestic market, in India, according to sources aware of the development. This is a sharp rise from the figure of 30 per cent just two years ago and marks a major shift in Apple's strategy following the government's Production Linked Incentive (PLI) scheme that kicked off in FY'21. One of Apple's three vendors here, Foxconn, is currently manufacturing the best-selling model, the Apple 11, along with the Apple 10 and the Apple 12. Another contract manufacturer, Wistron, makes the Apple SE 2020. (The third, Pegatron, has yet to start production). The only models that are imported (they have limited volumes but high value) are the Apple 12 Pro and Pro Max.
With a population of more than 60 million, the delta region accounts for nearly 30 per cent of China's exports.
India on Sunday announced temporary suspension of e-visa facility for Chinese travellers and foreigners residing in the neighbouring country and issued a fresh advisory saying anyone with travel history to China since January 15 can be quarantined.
India has over 4,000 medium tanks, but not a single light tank. It remains to be seen whether the Ladakh face-off with China galvanises a change, observes Ajai Shukla.
'India has to ensure its borders are properly sealed and there is no infiltration from PoK.
China's and India's nuclear doctrines mandate 'No First Use' of nuclear weapons, so use against each other seems unlikely.
World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
Outlining seven principles of engagement for closer cooperation between India and China, Prime Minister Manmohan Singh on Thursday said the two countries should show sensitivity to each other's interests and sovereignty and move quickly to resolve the boundary issue.
While moving towards the new technology is compelling and inevitable, powering 5G would also mean massive initial investments for telcos, says Surajeet Das Gupta.
A video shared by Qureshi's Pakistan Tehreek-e-Insaf (PTI) party on Twitter shows plain-clothed men taking him away, with him waving at party workers before departing from the location where he was detained.
To escape backlash, handset makers of all major Chinese brands who have their own manufacturing lines in India or outsource from third party vendors here have decided to highlight Made-in-India in their packaging more prominently from now.
A combination of robust vaccination programmes and strict physical distancing rules may be enough to prevent recurring peaks of COVID-19 without greatly restricting the mobility of people, according to a modelling study.
The number of new entrants is decreasing since 2015, as Indian market matures
The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations.
The Indian market is more in sync with mobile markets of advanced countries like the UK, Japan, and South Korea, where there are fewer players - three to four.
To ramp up domestic battery manufacturing capacity and reduce the dependence on imports, the government has initiated talks with a few lithium-rich countries to supply the mineral to Indian companies, industry sources informed Business Standard. The Ministry of External Affairs (MEA) held a meeting with the ambassadors of countries, including Argentina, Chile, and Bolivia, among others, to put forth its request.
Chinese mobile company Vivo replaced PepsiCo as the title sponsor of the high-profile Indian Premier League (IPL), a change necessitated by the beverage giant's sudden pullout from a five-year deal that was to end in 2017.
RIL has been talking to groups including Gionee, Huawei and Xiaomi
Lt Gen Dwivedi, who was referring to the clash between the Indian soldiers and Chinese troops in the Galwan Valley in June 2020, also said that PLA's aggression in eastern Ladakh was met with "swift mobilisation and appropriate force posturing".
Olympic bronze-medallist Saina Nehwal said the triumph at the China Open Super Series Premier was one of her "toughest" and it showed that the hard work was paying off.
The ban against the eight Chinese apps -- Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office -- will come into effect in 45 days from Tuesday.
Despite having the third-largest internet user base in the world, India does not feature in the top ten e-commerce markets
