CHINA MOBILE INTERNATIONAL
Purplle’s Rs 1,000 crore funding; FirstCry, Unicommerce IPOs cleared
Omnichannel beauty platform Purplle has closed a Rs 1,000 crore funding round. This and more in today’s ETtech Top 5.
India catching up with China, Vietnam on phone exports
India is rapidly narrowing the gap with China and Vietnam in mobile phone exports. In FY24, while mobile phone exports from China and Vietnam declined by 2.78% and 17.6% respectively, Indian exports surged by 40.5%, according to officials citing global trade data. India has captured nearly 50% of the reduction in mobile phone exports from these two countries, aligning with its objective of absorbing a significant portion of the supply chain shift from China.
Mobile phone exports: India captures 50% share of fall in shipment from China, Vietnam
India's proactive strategies in capturing supply chain shifts, coupled with diversification efforts through the China+1 strategy, have propelled the country into a leading position in mobile phone exports. The remarkable growth in exports, particularly in the iPhone segment, signifies a significant milestone for India in the global market.
Huawei's Harmony aims to end China's reliance on Windows, Android
Huawei's recent strong selling smartphone launches have been closely watched for signs of advances in China's chip supply chain, the company has also quietly built up expertise in sectors crucial to Beijing's vision of technology self-sufficiency from operating systems to in-vehicle software.
Tencent's 'Dungeon & Fighter' game dominates China's mobile download charts
Industry experts Liam Mo, Casey Hall, and Miyoung Kim shed light on Tencent's strategic gaming moves and revenue challenges, unveiling the evolving dynamics of mobile gaming.
In China's backyard, America has become a humbler superpower
Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for the century to come: the Asia-Pacific.
- Go To Page 1
Why India needs micro EVs ?
The 2nd car. The small car for the city. The wife's car. The college kid’s car. The urban machine - affordable, efficient, compact, cheerful. And that’s something the small EVs can be really good at. Yet, how many EV brands are launching cars that fit that description? And those that are closest to the brief e.g. the MG Comet EV, are not exactly inexpensive.
How solar companies are surpassing Big Oil
The rise of Chinese solar power cos like Tongwei and Longi is challenging the dominance of traditional oil giants such as Exxon Mobil and Shell. Solar firms are already rivaling Big Oil in energy production efficiency, longevity, and environmental impact, signaling a significant shift in the global energy landscape.
India to lead world in fuel demand growth: IEA
India, the third-largest oil importer globally, is set to drive oil demand growth according to the IEA. Forecasts predict a significant rise in consumption by 1.3 million barrels between 2023 and 2030, with India's demand exceeding China's. The nation's expanding economy and growing population are key factors in this surge. With a focus on road transport fuels and limited petrochemical growth, India's refining capacity is also expected to increase to meet rising demands, making the country heavily reliant on oil imports.
ABB Mulling Sale of Some Electric Mobility Assets
ABB is considering selling part of its E-mobility business, including EV charging stations and R&D facilities in China, with potential buyers showing interest. The sale could fetch $100-200 million, but ABB may opt against it. The assets include ABB E-mobility's direct and alternating current charger operations. ABB has not commented, but notes it has sold over 1 million EV chargers globally. The company's CEO sees growth potential in China.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
Airtel's $100b market capitalisation reflects a stable economy under a solid leader: Sunil Mittal
Sunil Bharti Mittal, Chairman of Bharti Enterprises, emphasized that Airtel's resurgence post the challenges posed by Reliance Jio's entry and the AGR ruling showcased India's stable economy and supportive policies under strong leadership. Reflecting on Airtel's path to the $100-billion milestone, Mittal highlighted the company's resilience amidst industry disruptions. He noted that Airtel's achievement as the first-generation Indian company to reach this milestone was significant, especially considering the competitive landscape.
India vs China: Watch as Indian troops triumph in Sudan UN Peacekeeping tug of war
Indian and Chinese troops recently engaged in a friendly "Tug of War" during their deployment in Sudan as part of a United Nations Peacekeeping mission. The Indian team emerged victorious, drawing cheers from their supporters. This event highlights the camaraderie and spirit of international cooperation among UN peacekeepers. The UN peacekeeping efforts are commemorated annually on May 29, honoring the sacrifices and dedication of personnel worldwide, with India being a significant contributor.
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
Expect good response on EV policy, FDI reforms in new govt; prepare for low tariff regime: DPIIT Secretary
India anticipates a positive response from numerous automobile companies to its electric vehicle (EV) policy, according to Rajesh Kumar Singh, DPIIT secretary. He noted that the government has adjusted tariffs to attract manufacturers without direct spending. Additionally, he stated that India might further liberalize FDI norms in select areas under the new government.
China plans to float nuclear reactors in disputed South China Sea, analysts see it 'risky for environment'
China's development of marine nuclear power platforms in the South China Sea raises concerns for regional stability and security. The US warns of the risks posed by China's plans to power disputed islands with floating reactors. Analysts highlight the potential for radiation leaks, weaponization, and security implications in the region.
Few Chinese electric cars are sold in U.S., but industry fears a flood
American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in electric vehicle and battery manufacturing facilities in the United States.
India signs deal with Iran to run Chabahar port
At the end of the 10-year period, both sides will extend their cooperation in Chabahar. IPGL will invest about $120 million in equipping the port, officials said. India has also offered a rupee credit window equivalent to $250 million for mutually identified projects aimed at improving Chabahar-related infrastructure, they said.
International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
India all set to overtake Japan as 4th largest economy by 2025, predicts Amitabh Kant
The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022. Just a decade ago, Indian GDP was the eleventh largest in the world. Currently, India's GDP is estimated to be around USD 3.7 trillion.
Vivo PMLA case: Delhi High Court issues notice to ED on Lava MD Hariom Rai's plea seeking extension of interim bail
The Delhi High Court notified the Directorate of Enforcement (ED) about a petition by Lava International's managing director, Hariom Rai, requesting an extension of his interim bail due to health reasons. Rai, arrested in a PMLA case involving Vivo, sought six-month bail extension for heart-related issues, supported by medical documents from AIIMS. The court set a hearing for May 13.
NDA is already near 200 seats, on track to get past 400: Amit Shah
Union Home Minister Amit Shah is confident that the BJP will achieve its 400-paar figure this election and says the party would win up to 200 of the 283 seats in the first three phases alone. In an interview with Rahul Tripathi and Pranab Dhal Samanta, he says that elections will be held in Jammu & Kashmir ‘according to court dates’ and opposes any reservation based on religion. Excerpts:
India breaks record with over $111 billion in remittances in 2022
India leads 2022 remittances with over USD 111 billion, facing challenges like rights violations in Gulf States and COVID-19 impact on migration patterns, highlighting migrant workers' struggles worldwide.
On a hi-fibre, wi-fi diet
India's digital growth, focusing on mobile connections, payments, and 5G rollout, requires enhancements in optic fibre, satellite connections, Wi-Fi networks, and public Wi-Fi hotspots. Balancing all these elements is crucial for sustainable progress.
Car models crowd in as EVs spark in India
India's electric vehicle market is expanding rapidly with government support and increasing consumer awareness. Tata Motors leads the market with a range of popular models, while MG Motor India, Mahindra & Mahindra, and BYD are also prominent players.
In age of AI, companies put focus on tech & soft skills and ‘internal mobility’
LinkedIn's Workplace Learning Report reveals that companies plan to enhance employees' skills in 2024. The report emphasizes upskilling, aligning learning programs with business goals, and creating a learning culture. Soft skills, such as problem-solving and critical thinking, are crucial in the era of AI.
DoT may not include 600 MHz band in its next spectrum sale
The DoT plans to conduct the next spectrum sale in March as permits of Bharti Airtel and Vodafone Idea (Vi) expire in 2024 in some circles such as West Bengal, Assam, Bihar and Odisha. The auction is unlikely to see heavy bidding as 5G spectrum needs have been met for the time being.
ITU reaches agreement to open new 6 GHz spectrum band for 5G, 6G
According to ITU-recognised body IAFI, spectrum in 6 Ghz band has last set of radio frequencies available that can be used for 5G and 6G services at affordable costs while other set of frequencies marked for them are in higher frequency bands.
Vivo PMLA case: Court issues fresh notice to Jail Superintendent to file medical report of Lava International MD
The Managing Director of Lava International, Hariom Rai, has recently filed a bail petition in trial court citing medical grounds. The plea also stated that the allegations made against him were false and absurd. He has no direct or indirect control over Vivo's business, nor has he derived any monetary benefit, nor has he engaged in any transaction with Vivo or any entity allegedly related to Vivo, let alone having been associated with any alleged 'proceeds of crime'.
Load More
