BHARAT FIH

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Foxconn group company Bharat FIH is in a rough spot, with three of its independent directors having exited its board in the past three months. Interglobe Aviation chairman Venkataramani Sumantran, Sify Technologies cofounder Ramaraj R and former IT ...

Foxconn group's Bharat FIH is facing challenges as it loses key directors and considers closing its Sri City facility due to reduced orders from Xiaomi, its main client. The company's dependence on Xiaomi has led to a decline, with industry watchers...

Bharat FIH diversifies beyond Xiaomi orders at Chennai campus to explore EVs, telecom equipment, and TVs. Leveraging Make in India initiative with PLI benefits, the company aims to support GOI's localization plans and expand capacity based on custom...

Industry executives view this as a notable uptick after the prolonged downturn in funding for technology ventures in India since 2021. While there is a considerable revival in large-size deals, the interest is largely in select good assets which hav...

Hostels for 60,000 workers are being built in Tamil Nadu's Sriperumbudur as Bharat FIH and other contract manufacturers, such as Foxconn International's India unit, Pegatron, and Tata Electronics, aim to expand iPhone manufacturing in India. The ris...

Foxconn Technology Group is losing its long-time executive, Josh Foulger, who will leave the company after nine years. Foulger, a three-decade veteran in the electronics industry, has helped Taiwanese contract manufacturer Foxconn and its customers,...

In a pointer to tough times ahead, fintechs are finding credit lines for small-ticket unsecured loans drying up following a recent central bank diktat.

The capital infusion in Rising Stars Hi Tech is seen as a "long-term investment for working capital and general corporate purposes."

​​On Thursday, Alphabet Inc’s chief executive Sundar Pichai announced that his company’s first made-in-India Pixel devices will be rolled out in early 2024, providing a significant boost to the country’s ambitions to emerge as a global electronics m...

For years, lack of proper marketing initiatives meant hockey remained a poor cousin to cricket, failing to protect its players and to draw in the crowds. The world cup has changed much of that. Fantastic infrastructure along with fan engagement init...

Investment bankers and primary market watchers said the Securities and Exchange Board of India (Sebi) has tightened checks on IPO-bound companies after investors lost money in some of last year's public offers, delaying approvals to launch issues.

"While we have historically been able to finance our capital expenditure through equity contributions from the promoter selling shareholder, Wonderful Stars, this may not be the case once we are a publicly-listed company. We will have to finance our...

Separately, market regulator SEBI has also sought clarifications from Lava Mobiles for its Rs 1500 crore IPO. The Noida-based smartphone brand and contract manufacturer had filed the draft prospectus in September 2021 that stated a fresh issue of eq...

The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to Rs 2,502 crore by promoter group and Foxconn unit Wonderful Stars, according to the Draft Red Herring Prospectus (DRHP).

These include printed circuit board (PCB) assemblies for battery management systems, dashboard assembly, peripheral controlling units and drive control modules, as per a statement from the company. The entire supply chain and logistics for these com...

As part of this partnership, Bharat FIH will be offering a host of manufacturing services that include printed circuit board (PCB) assemblies for battery management systems, dashboard assembly, peripheral controlling units and drive control modules.

"The initiatives aimed at driving innovation and manufacturing are a great impetus towards aiding the boom of the electronics and telecom industry of the country - helping promote economic growth, create jobs," a company spokesperson said in a state...

"The board is pleased to announce that the company proposes to spin-off and separately list BFIH, its Indian subsidiary, which is the largest electronics manufacturing services provider in India by share of EMS market revenue, on BSE and NSE, which ...