At Prestige Polygon Towers in Chennai's Teynampet, hectic preparations are on for a mega global investors' meet under the aegis of Guidance Tamil Nadu (the state investment promotion agency) scheduled for January 2024. Asked about the key focus areas of the meet, the agency's managing director and chief executive officer, V Vishnu, said the state was betting big on electric mobility. This is no surprise, given that the state has signed electric vehicle (EV)-related memorandums of understanding (MoUs) with several companies in the recent past that may bring in investments worth around Rs 33,000 crore with the potential to create over 43,000 job opportunities.
Indian mobile handset market was worth Rs 8,805 crore (Rs 88.05 billion) in 2004-05 out of which share of GSM handset was 84 per cent at Rs 7,384 crore (Rs 73.84 billion) with Nokia capturing a sizable chunk of marketshare at 62.3 per cent.
In India, air pollution is most severe in the Indo-Gangetic Plain (northern India), where topography and meteorology concentrate pollution from energy, mobility, industry, agriculture, and other activities, the researchers said.
Mobile operators are divided on the consensus reached in the government to increase the base price for 3G auctioning to Rs 4,040 crore. Earlier, the base price for auctioning ranged from as low as Rs 1,020 crore to Rs 2,040 crore.
In 2006, online business conducted during Diwali was around Rs 115 crore which is expected to cross the Rs 250 crore mark this year, according to the report. Even the Associated Chambers of Commerce and Industry of India in its press release said e-shopping is a preferred mode this Diwali as it has already registered a growth of 40 per cent and is expected to register a further growth of 130 per cent.
As Google evaluates its response to two recent penalties slapped by the Competition Commission of India (CCI), here is a look at the app economy. Apps are bread and butter for mobile operating systems. India ranks second in the number of mobile downloads, with nearly 27 billion downloads in 2021, according to Deloitte. Accounting for 11.6 per cent of global app downloads, the Indian smartphone user spends over 4 hours a day on apps.
E-commerce in India has almost touched the Rs 5,000 crore mark and is expected to garner around Rs 9,500 crore by 2007.
It's Diwali time for marketeers in the online space, who are wooing the 37 million strong Indian online community with festival packages and Maha Diwali sales
T V Ramachandran, former director-general of the Cellular Operators' Association of India, iterates his wish that the differences in technologies would blur.
The executive committee of the Supreme Court Bar Association (SCBA) on Wednesday decided to call off the general body meeting scheduled for March 16 to vote on resolutions seeking explanation from senior advocates Kapil Sibal and Neeraj Kishan Kaul for apologising to CJI DY Chandrachud on behalf of the bar body.
On Sunday, at 12.07 am in Sriharikota, off the coast of the Bay of Bengal, it was almost like an early Diwali, with the sky lit up by the launch of 36 OneWeb satellites. The Indian Space Research Organisation (Isro) did the launch on a 43.5-metre-tall Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk III) rocket. After the countdown, which started 24 hours in advance, once the mega screen marked the launch, a select group of invitees at the gallery cheered by applauding the feat.
Sunil Mittal's Bharti Airtel maintained the top slot with a market share of 32.18 per cent and a total user base of 57.41 million. The company added 2.25 million users in January, up from 2.2 million added in December. COAI did not provide subscriber numbers of Reliance Communications, even though the CDMA major has GSM operations in the country's north-eastern circles.
In a major crackdown on the nexus between gangsters, terrorist groups and drug smugglers based in foreign countries including Pakistan and Canada, the National Investigation Agency conducted raids at 76 locations across eight states on Tuesday and seized a large cache of arms and ammunition and cash to tune of Rs 1.5 crores.
The prepaid cash card concept seems to have caught the fancy of online travel customers.
The counsel appearing for the Centre told the top court on Friday that they have written to the secretaries of the ministries of external affairs as well as health on the issue.
Students claimed that they were attacked when they were watching the documentary on their mobile-phones as the screening could not be held.
It was only in April that Byju's and BCCI had agreed on the extension of their partnership until the end of the 2023 ODI World Cup in India at a 10 percent increment.
Automobile manufacturers, new and old, as well as ancillary suppliers are set to spend a combined Rs 70,630 crore over the next five years on either entering the electric vehicle segment or stepping up their presence in it. Data culled from announcements made by firms shows India, the world's fifth largest automobile market, is poised to receive one of the biggest capex pushes ever to fuel the transition from internal combustion engines to electric motors and batteries as part of a green drive. The EV push, egged on by the government's emphasis on electric mobility to meet its net zero targets, is expected to yield at least 25 electric vehicles - new ones as well as electrified versions of existing vehicles running on internal combustion engines.
The pharmaceutical and the consumer durables sectors, which depend on China for imports, have not been impacted yet due to unrest in China with people protesting against lockdowns. But the lockdown could have an impact on the supply of components used in consumer durables if it continues for the next fortnight. In the pharmaceutical industry, Indian players import 66-70 per cent of their bulk drug requirements from China.
The Union Territory of Ladakh created history by successfully conducting its maiden 21-km trail running event in sub-zero temperature at 13,862 feet high Pangong Tso.
High spectrum charges would lead to rise in mobile services rates and adversely impact government's Digital India initiative by impeding telecom network expansion.
New government should consider reforming taxation rules.
The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies by setting aside the RBI's 2018 circular which had prohibited them. A three-judge bench, headed by Justice R F Nariman, said the Reserve Bank of India circular is liable to be set aside on the ground of "proportionality". "Accordingly, the writ petitions are allowed and the circular dated April 6, 2018 is set aside," said the bench, also comprising justices Aniruddha Bose and V Ramasubramanian.
Online festival sales jumped by a whopping 117 per cent to Rs 115 crore (Rs 1.15 billion) from Rs 53 crore (Rs 530 million) in 2004-2005 as a larger number of Indians shopped via Internet during the 2005-06 festive season, a study reported.
India, which accounts for the third largest online userbase globally after China and the US, has had the lowest Internet penetration growth in Asia Pacific (APAC) at 17.4 per cent so far this year, research firm eMarketer said in a report.
The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap. This estimate is lower than the Reserve Bank of India's GDP growth projection of 21.4 per cent for the April-June quarter. "Based on our 'Nowcasting' model, the forecasted GDP growth for Q1 FY22 would be around 18.5 per cent (with upward bias)," the report said. Higher growth in Q1 FY22 is mainly on account of a low base.
Will the warning shots from giants like Unilever and P&G break digital growth?
As 4G internet completes coverage of the entire country, rural markets have become the primary generator of sales.
Supreme Court judge Justice DY Chandrachud, who has been asking lawyers to adopt technological interventions, on Tuesday said that he saw someone recording the court's proceedings on a cell phone and wondered "how can he do so", but then he realised this was not a big deal as nothing is confidential in an open court hearing.
The government on Wednesday notified its decision to permit 100 per cent foreign direct investment (FDI) under automatic route in the telecom services sector. In a press note, the Department for Promotion of Industry and Internal Trade (DPIIT) said foreign investment in telecom services will be subject to the condition of Press Note 3 of 2020. Accordingly, cases requiring prior government approval under the provisions of Press Note 3 will continue to be in place.
Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw announced a delay in the 5G spectrum auction. India's telecom sector regulation has to be benchmarked with the global best, he said. It's another matter that many countries have either introduced or are about to roll out 5G services that will enable cutting-edge tech in diverse areas. For India, too, it will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps.
Additional sessions judge Shailender Malik granted relief to Mohd Manan Dar in a case lodged under the stringent Unlawful Activities (Prevention) Act and the IPC.
The latest blast occurred on Wednesday midnight behind the Guru Ramdas Niwas building, police said.
Sources said the actor will be questioned about some more issues related to Chandrashekhar.
Agni-V is a three stage missile, 17 metres tall, two metres wide and capable of carrying 1.5 tonne of nuclear warheads.
Nearly a decade ago, the first fully electric vehicle (EV) caught fire on the road in the US. It was a model from Tesla, the world's most admired EV maker. A metal fragment punctured the underbelly of the vehicle, penetrating its battery pack, leading to a fire. Indian lawmakers and automakers have had nine years to study the incident (in fact, three Tesla Model Ss caught fire in two months in 2013) but seem to have learnt little.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
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