Electronic goods manufacturer Samsung Electronics expects to double its revenue from Indian market to Rs 200 crore (Rs 2 billion) in the digital imaging portfolio segment in the current year.
Samsung India Electronics is targeting to sell two million mobile handsets across all model ranges this year and expects to keep pace with the industry growth rate of 60 per cent.
Festive sales are expected to surge 27 per cent to cross Rs 120,000 crore in 2025, driving Amazon and Flipkart to expand warehousing capacity by millions of cubic feet and extend delivery networks to thousands of new pin codes -- an infrastructure buildout that could reshape India's retail landscape for years.
Dell emerges the most attractive among technology players.
Korean electronics major Samsung expects its new foldable devices Galaxy Fold 5 and Galaxy Flip 5 will enable it to capture half of the super premium smartphone segment in India, currently dominated by iPhone maker Apple.
Samsung India on Monday announced that the company is all set to export Indian made refrigerators, the second product category in its consumer electronics and home appliances portfolio, that would be exported from India in addition to colour televisi
The new hires will work in cutting-edge domains of artificial intelligence, machine learning, IoT, natural language processing, camera technology and 5G networks.
As it eyes $2 billion sales in India by 2008, Samsung said on Thursday it will set up a second plant in the country which would cater to the burgeoning demand in the market.
Cashing in on the interest generated in the three-dimensional world by films like Avatar, consumer electronics companies like Samsung, LG, Sony and Panasonic are gearing up to cajole Indian consumers to buy a 3D TV set
South Korea's Samsung Electronics on Wednesday announced commissioning of its refrigerator manufacturing plant in India and said it will achieve a 13 per cent market share by selling 400,000 refrigerators this year.
Exports of electronics goods has risen by 24 per cent from April to November as compared with the same period in the last fiscal, the largest increase out of India's top 10 export categories. The increase has been propelled by mobile exports under the Production Linked Incentive (PLI) scheme and has pushed electronics up from sixth to fifth position in the top 10. A gap of $200 million separates electronics from occupying the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion.
The Uttar Pradesh government and iPhone maker Foxconn have started discussions to set up an electronics manufacturing unit in the state, sources aware of the development said. The investment pitch was made by Invest UP to Foxconn at the time of the final land allocation for the HCL-Foxconn chip joint venture Vama Sundari.
Samsung has been facing competition from local mobile handset makers like Micromax, Lava and Karbonn but it has maintained its lead in smartphones.
Electronics major Samsung has received orders for around 1.4 lakh units of its premium smartphone Galaxy S23 worth a total of Rs 1,400 crore on the first day of its pre-booking for the device, a senior company official has claimed. Samsung India, Senior Vice President for Mobile Business, Raju Pullan told PTI that the pre-booking for Samsung Galaxy S23 is almost twofold compared to the previous version of the smartphone Galaxy S22. "We have clocked almost 1.4 lakh units as pre-book in the first 24 hours and this is almost two times of Galaxy S22.
Electronics manufacturing services firm Dixon Technologies is setting up a Rs 1,000-crore facility near Chennai and signed a Memorandum of Understanding with the Tamil Nadu government on Wednesday. The factory, which will come up at Oragadam in neighbouring Kancheepuram district, is expected to generate 5,000 jobs in the region, the state government said.
Samsung announced a global recall of the device after reports that the handset can explode while charging
After the government backtracked on its plan to impose Customs duty on pricier components, Samsung has decided to begin production of key mobile parts in Noida from April.
The company will meet DGCA next week and is putting in place a strategy to contain the damage
Describing Supreme Court's direction asking Samsung Electronics Chairman Lee Kun-hee to appear before a Ghaziabad court in a cheating case an "extreme step", Commerce and Industry Minister Anand Sharma on Friday said it would adversely impact investment and business climate.
The usually busy Greater Noida expressway is empty except small groups of commuters that gather at its sidelines, seeking lift from every passing vehicle.
The company might look to reduce workforce in its mobile phone division.
Samsung India Electronics Ltd, one of the leading companies in the field of digital technology, has brought the year's eagerly awaited cyber olympics called the World Cyber Games to Mumbai.\n
Samsung recently introduced its "S bike" mode, a feature targeted at India's legions of motorbike riders that, when activated, notifies callers that the phone's owner is riding and cannot answer
The Korean major, as part of its rural push, has begun an "attack district" project with focus on 80 key districts to increase sales of its TVs, refrigerators and washing machines
Electronics major Samsung India will invest $100 million in four years at its new manufacturing facility at Sriperumbudur near Chennai, a top company official said.
India's smartphone exports have set a new benchmark, surging past the $2 billion mark in October - the highest monthly total ever recorded. This milestone, according to estimates from the Indian Cellular and Electronics Association (ICEA), an industry body representing both global and domestic mobile device manufacturers, underscores the country's growing prominence in global mobile supply chains.
The company plans to bring more 4G-enabled devices in near future in a lower price range.
Samsung India said on Thursday it would invest $20 million on expansion and on research and development in the country this year with plans to earn 27 per cent of its revenues from the IT segment. \n
India is an important market for handset makers.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."
Samsung India on Monday said it has earmarked over Rs 10 crore (Rs 100 million) in 2004 to promote its association with the Olympics, including sponsorship of the Indian team and related advertising.
Unlike many other B-schools, IIM Ahmedabad follows a cluster system of final placements process where sectors are invited in cohorts at regular intervals.
Samsung is lining up new products, increasing focus on e-commerce channels and tightening its grip over retail outlets.
Smartphones have been a key success story of the government's production-linked incentive scheme, helping India become the second-largest mobile phone manufacturing country, after China.
Samsung Z1 is power-packed with amazing features.
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