Apple Inc is expected to produce iPhones worth $12 billion (freight on board value) in India during 2023-24, according to discussions between the company's vendors and the government. This would account for around 12 per cent of Apple's global iPhone production-higher than the earlier plan of shifting around 9 per cent of the total to India by FY24, which is the third year of the PLI (production-linked incentive) scheme.
'It was tough financially for the first few years but my friends and family supported me and once he did well at the 2018 Commonwealth Games, there was no looking back.'
Afghanistan scripted history by qualifying for their maiden T20 World Cup semi-final with a win over Bangladesh on Tuesday.
Night temperatures have plummeted in Kashmir with the weekend recording the coldest nights of the season.
Mohammed Siraj took to Instagram and posted a story with a series of broken heart emojis. But what does his post mean?
Zetwerk is not exactly a household name, but this unicorn, boasting revenues of Rs 11,450 crore as of last year, is among the top four electronics manufacturers in India. The startup is capitalising on a notable trend in smart TV sales - fall in collective shipments from top brands like Xiaomi, Samsung, LG and an uptick in the market share of smaller, regional, and online brands. Emerging as a key Electronics Manufacturing Services (EMS) player, Zetwerk operates a plant in Haryana that caters to 10 per cent of the country's overall smart TV production capacity.
In order to ensure women safety, Delhi government has ordered all taxi operators to install GPS in their vehicles, failing which fitness certificate will not be issued to them.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
'I was in the US, where I met top executives of HP and Dell, and they are very keen to come to India.' 'Acer and ASUS have also evinced interest.'
The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to raise the minimum local content under public procurement order in government contracts. But several local suppliers and multinational companies (MNCs) are saying such a steep target is not attainable. Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent, while it may go up to 50 per cent from 20 per cent for Class-II suppliers.
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The Dreamliner's introduction on the daily Singapore route is on popular demand, said Nirbhik Narang, Air India's country manager in Singapore.
Maharashtra transport commissioner Vivek Bhimanwar told PTI that the Porsche car was imported in March by a dealer in Bengaluru and from there it was sent to Maharashtra on a temporary registration.
Enterprising creator, Ishwar Deen who poured in over two-and-a-half lakh rupees into his labour of love was ordered to dismantle the rotor that he had welded on to the roof of an old car to make it resemble a chopper.
Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).
Batters likely to set the World Cup alight with their big striking...
'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'
ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
US-based electric vehicle maker Tesla is looking to source components worth around $1.9 billion this year against $1 billion last year, Commerce and Industry Minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector. "Tesla already last year bought one billion dollars of components from I think all of you sitting here.... I have the list of companies who supply to Tesla.
The youth -- their dreams of government jobs unfulfilled -- are voicing their frustration.
Stimac has prioritised qualification to the third round and secure a direct entry into the 2027 AFC Asian Cup.
Lovlina Borgohain is aware that fierce competition awaits her at the Paris Olympics but the ace Indian boxer is quietly confident of snaring a second successive Games medal, having found considerable success in her new category, which is also closer to her natural body weight.
Rasna, which became a household name in the 80s and 90s and is still ruling the pre-mix market, is now looking at overseas franchise arrangements for manufacturing abroad. As part of the arrangement, the franchisee would invest in the plant and machinery and it would also take care of day-to-day operations. Rasna would supply the pre-mix, technical know-how and some financial support.
Former Pakistan captain Misbah-ul-Haq believes his country will find it difficult to edge past India when the two sides clash in next month's T20 World Cup as there seems to be a "mental block" when it comes to playing the arch-rivals in ICC events.
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
'There is a need for a national task force with a singular objective to increase automotive exports.'
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
As many as 32 companies, including global biggies like HP, Dell and Lenovo, have applied under the Production Linked Incentive scheme for IT hardware, Union Minister Ashwini Vaishnaw said on Wednesday. The expected incremental production under the scheme is pegged at Rs 3.35 lakh crore, said Vaishnaw, Minister for Electronics and IT.
Making the Pixel 8 in India will not necessarily bring the price down -- witness iPhones made in India that are more expensive than those in the US and Dubai.
Attempts to resume Manipur State Transport (MST) services on Saturday suffered a setback after buses heading from capital Imphal to the hill districts could not go beyond Imphal valley.
'Companies like Tesla and others have been given a long rope in India.'
Indian Navy on Wednesday said its ships and aircraft remain 'mission deployed' for maintaining enhanced surveillance and undertaking maritime security operations.
Based on discussions with stakeholders, the ministry is proposing to allocate Rs 26,400 crore for FAME-III subsidy alone with electric two wheelers getting around Rs 8,158 crore, electric buses Rs 9,600 crore and electric three-wheelers Rs 4,100 crore, according to sources in the know. Along with some other components like setting up an innovation fund and money for testing , the total allocation could cross Rs 33,000 crore, estimates suggest.
Ellyse Perry put up a sizzling display with both bat and ball to power Royal Challengers Bangalore into the Women's Premier League knockouts.
The statement comes after political leaders, including former chief ministers Omar Abdullah and Mehbooba Mufti, claimed they were put under house arrest.
Amir, Imad recalled to Pakistan squad for NZ T20I series
The trend of players plying their trade in overseas leagues right after their retirement from international cricket or IPL has irked the board.
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.
'I never thought we would get him for that price because of his performance being tremendous in the last couple of years in T20Is and ODIs for Australia.'
The government's ambitious vision document that aims at achieving electronics manufacturing with a value of $300 billion by FY26 (including exports of $105-130 billion) could end up far lower than the target, according to a reality check this month. The reality check came from the Indian Cellular and Electronics Association (ICEA), which partnered with the government in preparing the document. The members of the ICEA are mobile and electronics companies, and its assessment, based on current trends, indicates that the total electronics production in FY26 will be around $225 billion.
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