Minister of Electronics and Information Technology, Ashwini Vaishnaw, took to social media platform X to announce achievement in the mobile industry. In a post, he revealed that the Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in just nine years. Minister Vaishnaw posted on X, “Met Mobile industry to […]
Unicommerce, an ecommerce enablement Software-as-a-Service (SaaS) platform, reported a 43 per cent rise in order item volumes on its platform for the festive season sale month of 2023 (7th Oct – 5th Nov) as compared to last year’s festive season (22nd Sep – 21st Oct). Over 3000 online sellers processed over 70 mn order items […]
Smartphone maker Xiaomi Corp posted a forecast-beating jump in third-quarter net income on Monday, while revenue also topped estimates as flat device shipments outperformed the wider market. The company’s sales for the period totalled 70.9 billion yuan, beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG. Net income jumped by […]
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 […]
Reliance Jio Infocomm Limited on Wednesday announced a partnership with network services and consumer experience pioneer Plume to provide market-leading smart home and small business services to its subscribers across India. Reliance Jio said that this partnership will deliver state-of-the-art services, through Plume’s highly scalable cloud platform, to about 200 million premises in India. “As […]
India is rolling back its earlier plan to impose restrictions on laptop imports, months after abruptly announcing such plans which came under criticism from industry and Washington. “India will not impose restrictions on laptop imports,” Trade Secretary Sunil Barthwal told a press conference on Friday. He said the government “only wants importers to be on […]
The domestic direct-to-consumer (D2C) market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 40%, reaching a Gross Merchandise Value (GMV) of USD 35 billion by 2027, according to a report by Redseer Strategy Consultants released on Friday. Third-party logistics providers (3PLs) are identified as significant beneficiaries of this growth. By 2027, the […]
boAt, an audio and wearable brand, has partnered with Reliance Digital, the technology retail chains, to offer consumers a unique retail experience using 3D Hologram Projections to introduce the boAt Smart Ring. This marketing initiative between boAt and Reliance Digital aims to revolutionize the Indian retail industry by introducing an immersive experience for customers that […]
India’s Ola Electric plans to file regulatory papers for its up to USD 700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was valued at USD 5.4 billion in a recent […]
Microsoft’s product chief, Panos Panay, is set to depart from the technology giant, as announced by Rajesh Jha, the executive vice president, to employees on Monday. Panay is reportedly being hired by Amazon to oversee its hardware business. The move comes after Dave Limp, the longtime Amazon hardware chief, announced his plans to retire from the […]
