APPLES INDIA STORY
From 'Pariah' to '36 Days': Watch this week's latest OTT releases on Netflix, Prime Video, Disney+ Hotstar
OTT platforms and theatres are buzzing with a host of exciting new releases. From Riteish Deshmukh's gripping medical thriller 'Pill' on JioCinema to Emraan Hashmi's high-stakes drama 'Showtime Season 1 Part 2' on Disney+ Hotstar, there's something for everyone. Notable releases include the romantic comedy 'Fly Me to the Moon,' the sci-fi adventure 'Me' on Apple TV+, the Bengali thriller 'Pariah' on Hoichoi, and the family drama '36 Days' on SonyLIV.
Webtoon comic app Toonsutra registers over 1 million downloads
Toonsutra aims to establish the world's largest fandom and pop culture community in India over 700 million mobile youth market. The company has partnership with some of the biggest global publishers and creators to bring over more than 550 titles and 250,000 episodes of content into local Indian languages.
Apple supplier Foxconn rejects married women from India iPhone jobs
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
Flipkart-Swiggy deal talks; Corning’s India plan
Flipkart considered buying a stake in Swiggy months ago amid the rise of quick commerce. This and more in today’s ETtech Morning Dispatch.
India story strong but vulnerable to bit of profit taking in short term: Jonathan Schiessl
I think the underlying India story still looks very strong and so that yes, it is at the moment just the market is probably vulnerable to a bit of profit taking in the very short term.
India vs Mini India: Rohit & Co. eye better batting show against USA
India's batting prima donnas are set to face the impressive but inexperienced USA in their group league game of the T20 World Cup. India, classified as A1, needs just one win to ensure their Super Eight berth and would prefer a high-risk approach to the USA. The team, consisting of eight Indians, two Pakistanis, a West Indian, one New Zealander, a South African, and a Dutch, might find the gap with India too much to bridge.
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How AI-enabled innovation can fulfil the worth of a talent pool currently underused in mere messaging
Lessons from the past can help build a sustainable peace treaty between AI and humans. And, for this, we must reinvest in the inimitable magic of human creativity, which is currently being diminished by the lazy conveniences of tech, in cahoots with our love for jugaad. In terms of culture and practice, originality needs to make a non-negotiable comeback. And, in the case of 'copy-paste' India, make an appearance.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
FM Sitharaman bats for a bigger manufacturing play, looks to increase country’s share in global value chains
Finance Minister Nirmala Sitharaman advocated for a significant boost in domestic manufacturing to enhance India's self-reliance and integration into global value chains, rejecting the idea of solely focusing on services. Speaking at the Confederation of Indian Industry (CII) annual business summit, she emphasized the government's partnership with India Inc for national development. Sitharaman expressed confidence in Prime Minister Narendra Modi's re-election, planning to engage with CII post-elections for budget consultations.
Chipping in: N Chandrasekaran to chair Tata Electronics
Chandrasekaran will take over from Banmali Agrawala who has held the post for the last few years. Chandrasekaran who is already chairman of many key Tata group companies will take charge after requisite regulatory approvals. Agrawala, a key Tata Sons aide, has taken on an advisory role recently in the group.
Atlan’s valuation nearly doubles; decoding PB Fintech’s FY24 financials
Data collaboration software startup Atlan has raised $105 million at nearly double the valuation since its last round. Details on this and more in today’s ETtech Top 5.
iPads face stiff competition from Android tablets in March quarter
Following technological advancements such as 5G support, high-resolution display, stylus support and more, shipments of Android tablets in the consumer segment surged in the March quarter, which also saw easing of inventory bottlenecks. In contrast, iPad shipment growth remained nearly flat during the quarter at a time when the consumer segment grew 10% from a year earlier, according to IDC India.
Apple India sales grow; more sops for electronics makers
Apple's first-quarter revenue fell due to laggard sales in China, but CEO Tim Cook sees growth returning in the current quarter. This and more in today’s ETtech Top 5.
Govt seeks inputs from industry to lure manufacturers like Apple to design more here
Government collaborates with industry to boost electronics manufacturing in India, focusing on domestic value-add and encouraging smartphone and notebook design ecosystem. Emphasis on intellectual property and localization for global market competitiveness.
De-risking startup investing; Apple eyes more India manufacturing tie-ups
Happy Tuesday! The Centre is charting a plan to cut investment risks for pension funds and insurance companies. This and more in today’s ETtech Morning Dispatch.
Employees despair as bell tolls for Paytm Payments Bank; and other top startup & tech stories this week
While the regulatory action on Paytm Payments Bank managed to bring the entire business to a standstill, its largest business partner Paytm moved on to build new relationships with other lenders. Now its CEO who had joined the bank hardly a year back is set to leave by June 26.
Quick-commerce grows beyond grocery; Tribe Capital’s latest India bet
Happy Friday! Quick-commerce platforms like Zepto, Swiggy’s Instamart, and Zomato-owned Blinkit are seeing a surge in sales for non-grocery items as they take on ecommerce rivals. This and more in today’s ETtech Morning Dispatch.
IT hiring shows signs of life; Amazon seller Appario sold
After an extended lull, major IT companies are showing signs of increased hiring activity — the first such rise in 20 months. This and more in today’s ETtech Top 5.
Regulatory actions prompt rethink among fintechs; and other top startup stories this week
Fintech industry faces regulatory challenges, affecting players like Paytm Payments Bank. Market dynamics shift with increasing regulatory scrutiny. Fintech startups adapt to changing landscape and consumer-focused regulations, emphasizing compliance and strategic recalibration.
Apple supplier Rayprus eyeing Bengaluru facility
The Foxconn subsidiary that makes high-quality precision camera and lens solutions is looking to set up its facility within the sprawling new Foxconn campus coming up in Bengaluru
The Apple of India's eye: Greg Joswiak speaks about the future of tech
Greg Joswiak, Apple's senior vice-president of worldwide marketing, discusses the company's growing ties to India in an exclusive interview. Apple is increasingly investing in India, recognizing its booming app economy and the potential for innovation within the iOS ecosystem. Joswiak emphasizes Apple's focus on supporting Indian developers through initiatives like iOS app development labs in universities.
India comes full circuit: Global tech giants set sights on the country for electronics production
The critical factor to achieving India’s aspirations of being a global electronics manufacturing hub is to get the component piece right. With several key suppliers to marquee brands like Apple and Samsung setting up shop in India, some pieces of the puzzle have started fitting in. But a lot more needs to be done.
Pune will become a part of Bombay with the Atal Setu; everything in between will be one huge megalopolis: Nadir Godrej
Nadir Godrej discusses the growth and diversification of Mumbai, mentioning the Atal Setu that has expanded the city's area. He also highlights the challenges of air pollution and the city's role as a financial hub.
Apple, Google block e-SIM apps in India; Multiverse of foodfluencers
Apple and Google have blocked two e-SIM apps – Airalo and Holafly – from their Indian app stores following a government directive. This and more in today’s ETtech Top 5.
Supply chain diversification could help India and other emerging markets: Fitch
In its report last month, Fitch projected the Indian economy would grow 6.3% in FY24 and maintain a 6.5% growth rate until FY28. It had also revised India’s potential growth outlook upwards, given the improvements in employment rate and higher labour productivity.
Tata Electronics acquires 100% stake in Wistron India
The Tata Group has signed an agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited to acquire full stake (100 per cent) equity stake in Wistron Infocomm Manufacturing (India), enabling the Tata Group to officially join the Apple supply chain as an iPhone assembler.
Apple India retail, online stores kick off Diwali celebrations with offers, creative sessions
HDFC Bank Credit card holders in India can enjoy up to Rs 10,000 instant savings on eligible products, including the iPhone 15 series and Apple Watch Series 9. The offer is available at the Apple Store Online and Apple retail stores from October 15 to November 14.
Make in India push: five of our must-read stories
Amid India’s push to woo chipmakers to India, several semiconductor makers are in talks to set up assembly and packaging facilities in the country. Besides semiconductors, the government is also looking to attract investments for electric vehicle (EV) manufacturing.
What is really happening with digital credit in India, and other top stories this week
The aftermath of Covid-19 and the subsequent moratorium on loan repayments burnt a massive hole in the loan books of lenders. While the large players managed their books somehow, fintech non-banking financial companies (NBFC) have grappled with ballooning non-performing assets (NPAs).
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