Apple supplier Salcomp has said that it plans to double its headcount in India to 25,000. The Finland-based company aims to do this over the next three years. In addition to increasing its workforce in the country, Salcomp is also targeting annual revenue of USD 2-3 billion by 2025. The news of the development from […]
Voltas, a supplier of air conditioning and engineering services, declared a consolidated net loss of Rs 110.49 crore for the third quarter ended December 2022, owing to provisioning on international projects. Voltas reported a consolidated net profit of Rs 96.56 crore in the October-December quarter of the previous fiscal year in a regulatory filing. Its […]
Consumer hardware startup, Up has launched its Smart Cooking Assistant, delishUp . The product aims to level up young Indians who are looking to cook more often at home. The 8 inch touchscreen displays a wide selection of recipes with simple instructions and the smart cooking jar automates the tedious processes of cooking including chopping […]
Symphony, a producer of air coolers and appliances, announced an 85.71 per cent increase in consolidated net profit at Rs 39 crore for the third quarter ending December 2022 on Wednesday. Symphony reported a net profit of Rs 21 crore in the October-December quarter a year earlier in a regulatory filing. Revenue from activities increased […]
Apple CEO Tim Cook has called India a “hugely exciting market” for the company. Speaking at the company’s earnings call on Thursday, Cook stated that India will be a “major focus” for the company, which is looking to choose the country as an alternative production base to China and as a source of growth, Nikkei […]
The sales of total vehicle retail grew 14 per cent to 18,26,669 units in January from 16,08,505 units in the corresponding month of 2022, the Federation of Automobile Dealers Associations (FADA) said on Monday. According to FADA, passenger vehicles (PV) grew 21.92 per cent to 3,40,220 units in January 2023, against 2,79,050 during the same […]
India has been going big on electronic manufacturing for the last few years and in December 2022, Apple became the first company from the country to export smartphones worth USD 1 billion in a month. According to an article by Economic Times, December was the record month for the industry with mobile phone exports of […]
Bajaj Electricals on Thursday reported an increase of 26.88 per cent in its consolidated net profit to Rs 61.12 crore in the third quarter ended 31, December 2022, as per company’s regulatory filing. Bajaj Electricals reported a net profit of Rs 48.17 crore for the October-December quarter of the previous fiscal in a regulatory filing. […]
The Finance Minister Nirmala Sitharman unveiled the Union Budget 2023-24 on Wednesday, which analysts believe offers something for everyone. The retail industry praises it as a pro-growth, common man’s budget. According to industry experts, the Budget would raise customers’ discretionary money, improve the ease of doing business and infrastructure development, and promote a good industry […]
The Finance Minister Nirmala Sitharaman said that the government will grant customs tax reduction on the import of specific parts such as camera lenses and concessions on the import of lithium ion batteries to stimulate mobile phone manufacture in India. During her Budget 2023-24 statement on Wednesday, Finance Minister Nirmala Sitharaman reduced customs taxes for […]
