Nothing To Open First India Store On 14 Feb
Nothing will open its first flagship store in India on February 14 in Bengaluru, marking its second global retail outlet and a broader push into local manufacturing and investment
Nothing will open its first flagship store in India on February 14 in Bengaluru, marking its second global retail outlet and a broader push into local manufacturing and investment
Republic Day sales boost India’s e-commerce, with Amazon, Flipkart and Croma seeing strong demand across electronics, lifestyle and wellness categories.
Xiaomi reported a 22 per cent rise in third-quarter revenue, supported by strong EV performance, record margins, and growing contributions from new business segments.
India has had a robust 12 per cent annualised growth in merchandise exports, amounting to USD 41.4 billion in February, despite facing global headwinds. This growth has narrowed the contraction in the first 11 months of 2023-24 by 3.6 per cent, reaching USD 395 billion. Services exports for February were estimated at USD 32.15 billion, […]
India’s electronics industry witnessed a big surge in exports during the fiscal year 2022-23, as reported by the Electronics and Computer Software Export Promotion Council (ESC). The sector experienced a growth rate of over 50.25 per cent compared to the previous year, culminating in exports totaling USD 23.58 billion. This surge in exports was attributed […]
Lava International’s subsidiary SOJO Manufacturing Services (AP) has recently been approved for IT hardware manufacturing under the Centre’s production-linked incentive (PLI) scheme. The PLI will allow SOJO to manufacture consumer electronic durables such as smartphones, feature phones, accessories, tablets, laptops and other IT hardware for Lava International and other Indian and global brands. In a […]
Chinese tech giant Huawei Technologies is reportedly expected to exceed its revenue by USD 98.5 billion for 2023, indicating a 9 per cent YoY revenue growth from last year, according to a media report on Friday. The forecast further suggested Huawei’s rebounding after US sanctions in 2019 that damaged some of its business lines. The […]
Realme, the Chinese smartphone manufacturer, said it has shipped over 200 million phones since its inception just over five years ago. According to the company’s data, most of these shipments were out of China, indicating that Realme is the fifth fastest smartphone maker to reach this significant milestone. BBK Electronics, the Chinese consumer who owns […]
One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
The global smartphone market is expected to decline for the full year of 2023, plummeting to its lowest level in the past decade. According to the latest report, the primary reason behind this drastic downturn is a notable shift in device replacement patterns, especially within developed markets. The Counterpoint Research report revealed that the third […]