"We are investing in India... We've already launched an app accelerator centre. That's on top of working with the channel and looking at expanding our go-to-market in general," Cook said during the company's third quarter earnings call on Tuesday.
Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety, emissions, vehicle registration, along with a rise in interest cost/EMI, have impacted demand.
Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
During the meeting with Finance Minister Nirmala Sitharaman, the auto industry broadly presented factors such as issues regarding availability and affordability of financing, increasing cost of acquisition of vehicles and change in axle load capacity for commercial vehicles that have hurt demand.
"We are working with laptop manufacturers and OEMs to bring to the market low-cost Internet-based devices at an affordable price," said Qualcomm Vice-president and Country Manager, Technology, Sandeep Sibal. From a user's perspective, he added, the new device would be all about connected computing. Unlike a traditional laptop, Internet connectivity would be built into the device. Besides lower price and smaller size, it would also have a long-lasting battery life.
The company also maintains that its original equipment (OEM) partners such as Taiwan-based Asustek Computer, HTC, HCL, Gigabyte and Palm, will start rolling out cheaper internet-enabled notebooks and handsets at prices that will drive mass adoption in emerging markets.
"We are seriously looking at launching our own mobile brand, offering a complete range of handsets to bring better value to our customers. We are currently negotiating with a couple of original equipment manufacturers (OEM)," Rajiv Agarwal, chief executive officer and director, The MobileStore, said, while refusing to give details.
Bosch Ltd, a supplier of automotive components to original equipment makers, has reported 69.4 per cent drop in net profit to Rs 49.3 crore for its first quarter ended March 2009, compared with the corresponding quarter last year. Its net sales for the quarter dropped 20.6 per cent to Rs 991.6 crore.
Leyland expects the digital drive to help tap its in-house strength as well as segments such as passenger cars and two-wheelers.
QNX Software Systems and Hughes Software Systems Ltd formed an alliance to offer integrated solutions to the telecom space.
Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery.
The ministry of defence has bought two regiments of the indigenous Pinaka multi-barrelled rocket launcher for Rs 3,230 crore.
Indian players like Tata and Mahindra have low R&D spends (1 per cent and 1.5 per cent of sales respectively) as compared to the global players (about 4 per cent of sales), AT Kearney's 10th Townsend report said.
iGate Global Solution plans to hire over 100 IT professionals in Japan over the next 6-12 months targeting the huge Japanese IT services market with its Integrated Technology and Operations model.
The government on Monday said it was planning to make it mandatory for original equipment manufacturers to load fonts of major Indian languages in computers to facilitate language computing.
Microsoft Corporation, the global PC software major, said that OEM sales of the Windows XP Starter Edition OS should commence by June 2005 in India.
Taiwan-based technology firm Winstron Group is exploring the feasibility of setting up a manufacturing base in India, a top official said on Saturday.
DSP technology product firm Ittiam Systems on Thursday announced a tie-up with US-based DivX Networks to develop solutions to enhance performance of electronic products including video players.
There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.
The defence and aerospace sectors have seen at least over Rs 10,000 crore worth of MoUs being signed during the summit.
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
The contracts with Israel Aerospace Industries will condemn the Tejas Light Combat Aircraft to a marginal presence in the IAF's future fleet.
Qualcomm has been playing a key role driving India's wireless revolution
Gabriel India Ltd has posted a net profit of Rs 40.90 million for the quarter ended December 31, 2002 (DQ-02) as compared to Rs 9.80 million in the quarter ended December 31, 2001 (DQ-01).
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
The deal was "put on hold" only in 2013 after corruption was "proved", he said adding the Congress chief should answer who was behind the delay.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
A Chinese company named Shanghai AdUps has been sending massive data about phones and users to servers in China.
Cutting down competition as of now to just two fighters -- F-16 by Lockheed Martin and Gripen by Saab -- Defence Minister Manohar Parrikar on Tuesday said India will select one more single engine aircraft other than Tejas for indigenous manufacture under 'Make in India' route.
Automobile makers in India are embracing taxi-hailing apps such as Uber and Ola, hoping to ride on their expansion to sell more cars, a contrarian view to companies in Western markets that fear a drop in car sales due to them
The processor is just 5 per cent of the overall cost of a computing device.
Driving the Scorpion MK IV feels like driving a sports car with 40-inch tall tyres.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
RJio's LYF, Videocon and other smartphone makers to also get notices
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