In the pursuit of self-sufficiency in mobile phone assembly, India has witnessed a significant shift in its manufacturing landscape. Between 2014 and 2022, the nation achieved a remarkable milestone by shipping 2 billion domestically assembled smartphone and feature phones under the “Make in India” initiative, marking a CAGR of 23% during the period. This drive … [Read more…]
In a shift from its heavy reliance on China, Apple has made substantial investments in India to diversify its production chain. Those investments have already started to reflect substantially in Apple’s annual numbers. Noted analyst Ming-Chi Kuo’s report on Medium revealed that approximately 14% of the iPhone units shipped in 2023 were assembled in India, … [Read more…]
In a significant development, Mukesh Ambani’s Reliance Industries Ltd. is on track to acquire the India operations of mass media and entertainment giant Walt Disney. According to several reports, the Indian conglomerate is on the cusp of finalizing a monumental cash and stock deal with Walt Disney Co. in a bid to secure a significant … [Read more…]
In a strategic move to align with the Indian government’s “Make in India” initiative and expand its presence in one of the world’s fastest-growing smartphone markets, Google revealed its intentions to produce Pixel smartphones in India. The announcement was made during Google’s annual “Google for India” event, emphasising the company’s commitment to the Indian market … [Read more…]
Spotify is making a renewed attempt to increase the number of its paid users in India, and a rather aggressive one at that. Instead of rolling out new incentives and features to persuade users to empty their pockets, Spotify is introducing limitations on the features available to free-tier users in the world’s second-largest internet market. … [Read more…]
In a significant move towards enhancing public safety, Google has joined forces with the National Disaster Management Authority (NDMA) and the National Seismology Center (NSC) in order to introduce an Earthquake Alert System designed to provide early earthquake alerts for Android users in India. This team-up ensures that the system is finely tuned to the … [Read more…]
WhatsApp may have become a household name when it comes to instant messaging and social media, but when it comes to digital payments, it hasn’t really managed to hold a candle to the likes of PhonePe, Paytm, and Google Pay. Meta, WhatsApp’s parent company, has been actively working to rectify this, and now, it is … [Read more…]
Among Apple’s most prominent suppliers, Taiwan HQed Foxconn has been accelerating its diversification from China-based production lines to India. Now, the electronics manufacturer is set to make even more substantial investments in the South-Asian country. V Lee, Foxconn’s representative in India, conveyed these ambitious plans in a LinkedIn post, coinciding with Indian Prime Minister Narendra … [Read more…]
You may soon see Indian firms listing on the likes of the London Stock Exchange. India is revisiting the idea of permitting local companies to list on foreign exchanges, according to Finance Minister Nirmala Sitharaman. This move, which had been put on hold previously due to concerns and opposition, could open up opportunities for Indian … [Read more…]
Paytm had brought in a literal revolution of sorts, when it introduced the hugely innovative and popular payments soundbox. A nifty little gadget that sits on the desks of 1000s of small merchants across India and pops up an audio announcement as and when you use a QR-code to make a payment. India’s mom and … [Read more…]