The government has approved Rs 357.17 crore for Apple's vendor Foxconn India and Rs 58.29 crore for Dixon Technologies subsidiary Padget Electronics under the Production-Linked Incentive scheme for mobile phones. This is the first time the government has cleared an incentive of a global company engaged in electronics manufacturing in the country. "Foxconn Hon Hai Technology India Mega Development Pvt. Ltd is the first global company that has been approved under the target segment 'Mobile Phones' (in the category of invoice value of Rs 15,000 and above) to receive incentive under mobile manufacturing for the period 1 August 2021-31 March 2022 based on its incremental investments and sales figures.
Earlier, Maharashtra Anti-Terrorism Squad arrested one person from Pune for giving shelter to both the suspected terrorists.
The high court said he was a very powerful and influential person within the power corridors of the Delhi government as he had the responsibility of 18 portfolios in the city dispensation.
The cities where services have resumed include Bengaluru, Mysore, Pune, Ludhiana, Noida, Gurugram, Raipur, Lucknow, Hyderabad, Kolkata, Ahmedabad and Mumbai. Industry experts believe it would be at least 4-5 days before the backlog of orders can be cleared.
Taiwan-based Hon Hai Technology Group, the subsidiary of Foxconn Industrial Internet (Fii), is in talks with the Tamil Nadu government to invest around $200 million to set up an electronic components unit in the state. According to a Reuters report, FII, which makes communication, mobile network and cloud computing equipment, has shared the plan with the Tamil Nadu state officials. Business Standard had reported last week that Fii's chief executive officer (CEO) Brand Cheng met Tamil Nadu Chief Minister M K Stalin and Minister for Industries, Investment Promotion and Commerce TRB Rajaa.
N R Narayana Murthy addressed Infosys staff on Thursday for the first time since taking charge of the beleaguered company as the executive chairman.
Honda has also introduced new gear for child seats.
Over 60 per cent voter turnout was recorded on Monday in 49 constituencies in six states and two Union territories in the fifth phase of Lok Sabha elections, with Baramulla in Jammu and Kashmir recording its highest-ever voting percentage.
Plug-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.
Wednesday's Vikravandi by-election has become a referendum on the Stalin government, notes N Sathiya Moorthy.
E-commerce major Amazon will host Prime Day - its annual sale event - in India on July 15-16. The company will launch over 45,000 products from over 400 Indian and global brands. The announcement of the Prime Day event in India comes at a time when 900 workers at Amazon UK plan to strike for three days (July 11-13).
The agency also recovered an electronic circuit used in making explosives from the rented flat of the terror suspects in Pune's Kondhwa area along with 500 GB data from the devices, he said.
This is where 300-odd executives of Infosys and 30 I-T officials, headed by commissioner Sanjai Kumar Verma, process all I-T returns filed electronically (e-filing) across the country and all paper filings of Karnataka.
'If every city had the strongest tools that are currently available only to a few, the world's climate prospects would glow far more brightly.'
Enforcement authorities for long have been able to track movements of people with the help of the cell phone used by them, but now researchers at the Massachussets Institute of Technology have electronically mapped a whole city.
As online travel services pick up in India, car pooling services platforms are trying to keep up and lure more passengers.
The foundation for a Digital India will be intelligent networks.
At least two Karnataka State Road Transport Corporation buses and one of Bengaluru Metropolitan Transport Corporation have been set on fire, they said.
They were called to the special cell office in the afternoon and questioned till late evening, a Delhi police source said.
The one-time bellwether of the country's IT industry has slid to the third spot in terms of revenue, overtaken by a relative upstart, Cognizant Technologies (TCS is the largest).
The eight-page guide instructs the kidnappers to utilise captives as human shields if attacked, regardless of their religion, race, or gender. The hostages should be "killed when necessary," especially if there is any sign of revolt among them, it said, while instructed terrorists to document their actions live.
NR Narayana Murthy came out of retirement in June to run a floundering Infosys.
Prices in most areas have been stagnant but some regions are showing reasonable appreciation.
'It's dull because this time the election is spread over such a long period.'
Siemens Information Systems, a business unit of Siemens India, part of German technology giant Siemens is understood to have laid off around 500 people over the last five days.
The exercise will continue till 6 pm in all the polling stations except those in Maoist-affected areas of Balaghat, Mandla and Dindori districts where it ended at 3 pm, an official said.
Private sector helicopter charter company Deccan Aviation on Monday announced the launch of helicopter charter service from the Bangalore International Airport to select locations in the city.
Infosys employees presented Murthy and his family members a sketch of his on a rice grain.
Tell us which among these 25 Indian cities do you hate the most?
Prime Minister Narendra Modi on Friday flagged the use of artificial intelligence for creating deepfakes saying this can lead to a big crisis, as he urged the media to spread awareness about its misuse and impact to educate people.
Meet Chithra Priya, the only Indian female rider to have completed the Saddle Sore endurance ride.
Tata Motors plans to set up separate sales network for its electric passenger vehicles in current fiscal year as it looks to give differentiated experience to the buyers opting for the environment-friendly models, according to a top company official. The Mumbai-based auto major, which on Thursday introduced all-new versions of its Nexon EV and Nexon (internal combustion engine), said it will start experimenting with new outlets in some of the cities where EV volumes have gone up. "We'll have to separate them (sales outlets for EVs and ICE) given that we have different requirements of customers and also a growing portfolio (of EVs)" Tata Motors Passenger Vehicles managing director Shailesh Chandra told PTI in an interaction.
A woman drowned on Sunday after a car she was travelling in with her family got stuck in neck-deep water at KR Circle underpass in Bengaluru, just a stone's throw from Vidhana Soudha, the seat of power of Karnataka.
Infosys' co-founder on multitasking at Infosys and the game-changers that made the company.
E-commerce player Meesho, backed by marquee investors like SoftBank Group and Meta Platforms, will look at an initial public offering (IPO) only in 2025, and till then, its focus will be on generating profits after tax and not just on being Ebitda (earnings before interest, tax, depreciation and amortisation)-positive, top sources in the company told Business Standard in New Delhi. In a clear shift of strategy, the company, which has reduced its cash burn by 85 per cent, is now looking to trim its annual revenue growth target to 40 per cent from the 100-plus per cent earlier. The sources, however, said even this level of growth was far higher than that of most e-commerce companies.
Mumbai is also on the top-10 'improvers' list.
Among the metros, people in Delhi are the happiest while those in Mumbai are the least happy.
The Infosys facility in Mysore has been brought under CISF security cover, the third private sector installation to get government protection.
Different industry and trade bodies have extended their support to BangaloreIT.in, the premier annual IT event organised by the Karnataka government and STPI. The three-day event will be inaugurated on the 29th of October in the premises of Bangalore International Exhibition Centre (BIEC).
