LG Electronics announced on Monday that it is closing its mobile business unit. The decision was approved by its board of directors. LG's strategic decision to exit the incredibly competitive mobile phone sector will help the company focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.
The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
Prime Minister Narendra Modi and his visiting Danish counterpart Mette Frederiksen on Saturday held 'fruitful' talks with a focus on expanding cooperation in a range of key areas such as health, agriculture, water management, climate change and renewable energy.
In this mad race of smart phones it would be interesting to find out some features where iPhone takes beating from Android-based smart phones.
Equity investors became richer by over Rs 5.77 lakh crore on Tuesday, helped by a rally in the broader market where the BSE benchmark jumped nearly 2 per cent. The BSE Sensex zoomed 934.23 points or 1.81 per cent to settle at 52,532.07. Driven by the rally in equities, the market capitalisation of BSE-listed firms jumped by Rs 5,77,006.83 crore to stand at Rs 2,40,63,930.50 crore. "Absence of fresh selling triggers in the domestic and global economy along with falling commodity prices relieved the heavily discounted equity market to showcase recovery.
With the banking regulator lifting restrictions on HDFC Bank's digital initiatives, the largest private sector lender is now girding up to launch a clutch of customer-facing applications (apps), which will act as stepping stones in its journey to morph into a technology (tech)-led bank from a conventional one. Following repeated outages in its digital offerings, the Reserve Bank of India (RBI) had barred HDFC Bank from issuing new credit cards in December 2020 and prevented it from going ahead with its digital launches. The embargo on issuing credit cards was lifted in August 2021 and the ban on digital launches was lifted last week.
From teaching to YouTube, these ideas will help students chase their dreams early on.
Ford, which had announced to quit the Indian market last year, said it was exploring the possibility of using one of its plants in India to produce electric cars for exports.
Be brave to fail, learn, and lead, advises Abhilash R, founder and CEO, Bloombloom Dreambiz (P) Ltd and B-HUB Lifespaces.
A first-half strike from Pedri gave Barcelona a 1-0 win over Villareal to extend their lead over Real Madrid at the top of LaLiga to 11 points
Industry leaders are predicting hybrid cloud to be the next biggest trend in cloud computing.
Reliance Industries chairman Mukesh Ambani on Monday announced a Rs 2 lakh crore investment in deploying fifth-generation or 5G telephony with rollout in metro cities by Diwali. Jio, the nation's largest telecom operator, has deployed standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed internet, he said at Reliance Industries' 45th AGM.
Close to 9,000 start-ups are currently banking with HDFC Bank and it has the bank now dedicated SmartUp zones in 70 branches in 30 cities across India.
We give you five reasons to buy the Wickedleak Wammy One if you are looking to buy a smartphone under Rs 10,000.
India's traditional companies are now moving full scale into the renewable and alternative energy space that had been dominated by smaller players over the past decade. Companies such as government-owned NTPC and the Adani and the Tata groups restructured their businesses well in time to become major players in the green space. At the same time, other conventional companies, such as Larsen & Toubro and Reliance Industries Ltd (RIL), which have a presence both in the energy sector as well as myriad other activities - construction, technology and retailing - are tying up with new-age companies to hitch a ride to a greener path.
A sneak peek into the latest happenings in the world of gadgets, gaming and technology.
Though most of the voice-activated solutions are based in English, work is on to create solutions in Indian languages.
Indian mobile and Web consumers speak in 30 languages and around 1,600 dialects.
Modi cautioning that cryptocurrency can spoil the youth.
Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 as the base year.
Titan is investing heavily on research and development, which will do things beyond a smart watch can do today such as switching off lights, locking, and unlocking doors and making payments. Titan is also working closely with start-ups, too, to develop such futuristic features.
Ashish Narsale/Rediff.com looks at some of the most interesting heath products presented at the latest edition of the Consumer Electronics Show.
Rediff.com's Ashish Narsale handpicks some of the latest gadgets that are immensely useful.
After facing multiple outages that irked the regulator, the country's largest private sector lender, HDFC Bank, is revamping its technology infrastructure by making large scale investments, wherein it is bringing new talent, getting into cloud-native stacks, a shift from the traditional monolithic IT infrastructures, and working with strategic partners for better products and services. The bank management is clear that it will do whatever it takes in line with its growth path to ramp up its technology infrastructure.
India's internet subscriber base is 100-150 million, depending on whose estimates you take, and is growing at 20-30% a year.
No lives were lost after cyclone Biparjoy made landfall. Preparations for Biparjoy were not only extensive, they were also telecast far and wide. Ahead of the cyclone's landfall, Shyam G Menon observes there was considerable publicity on how much the government was geared up to face the storm and its aftermath.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
The ministry will engage 30 young graduates, postgraduates and PhD-holders in the fields of urban planning, urban design, engineering, information and technology, urban mobility, finance, social sector, and environmental issues.
From new and competitively-priced iPhones to slashing prices of its older models, it had a multi-pronged strategy.
Frugal but quality products are coming out of the country's premier engineering institute.
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
Asia's falling stocks have triggered an exodus of funds from the region.
Always respect your employees and treat them as equals.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Japanese auto major Honda Cars on Thursday unveiled its new offering for the Indian market -- City e:HEV sedan, marking its foray into the mainstream strong hybrid electric vehicle segment in the country. The company, which is present in India through a wholly-owned subsidiary, has commenced the bookings of the model and plans to introduce it in the market next month. As per the company, the model, an extension of its City model range, would feature self-charging two-motor strong hybrid system connected to a 1.5 litre petrol engine, entailing a peak power of 126 PS and fuel efficiency of 26.5 km per litre.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
'The BSF and other forces will undertake a counter-action at a suitable time'
Engineering, telecom and healthcare sectors are likely to add close to 12 million new jobs by FY26, largely due to the focus on recovery along with technology proliferation and digitisation in these segments, according to a report. A report by TeamLease Digital, the staffing division of TeamLease Services, said specialised staff or professional staff with high-skill and expertise will form nearly 17 per cent of the overall jobs created. The report -- titled 'Professional Staffing - Digital Employment Trends Report' -- is a qualitative research that has surveyed and interviewed more than 750 employers/ leaders from across engineering, telecom and healthcare sectors.
