BUSINESS
Apple leases office floors in Bengaluru for 10 years in a deal worth Rs 1,010 crore
Apple has leased the space for a monthly rent of Rs 6.31 crore, which translates into Rs 235 per square feet per month at Embassy Zenith, Sankey Road at Vasanth Nagar in Bengaluru. As part of the deal, Apple has leased 5th to 13th floor of the building.
BUSINESS
Vodafone Idea eyes non-bank funds, urges Centre to settle AGR dues to enable bank’s support by March
Outgoing CEO Akshaya Moondra's comments come days after Moneycontrol exclusively reported that Vodafone Idea has entered in early discussions with private credit funds including Davidson Kempner, Oaktree and Värde Partners to raise a small tranche of debt.
BUSINESS
Telecom sector’s operating profit to rise 12–14% in FY26, ARPU may climb to Rs 225: Crisil
ARPU levels could climb to Rs 220–225 in FY26, up from Rs 205 in FY25, Crisil Ratings’ director Anand Kulkarni has said. The rise will be driven by operators trimming low-data plans and linking 5G access to higher data packs
BUSINESS
Mohali-based chip maker CDIL plans power semiconductor push, EVs in focus after nod from Centre
The Mohali-based chipmaker is also preparing for a rapid scale up of its strategic partnership with Germany’s Infineon, and the first devices are expected to roll out within months. This quick ramp up is backed by CDIL’s infrastructure and existing customer approvals across industries.
BUSINESS
Vodafone Idea names Abhijit Kishore as CEO amid funding, AGR uncertainty
Kishore steps into the top role at a critical juncture for the debt-laden telecom operator, which is struggling to secure fresh debt financing amid uncertainty over adjusted gross revenue (AGR) liabilities.
BUSINESS
Vodafone Idea banks on govt AGR relief, fundraise to meet future liabilities: Ravinder Takkar
Vodafone Idea on August 14 reported a net loss of Rs 6,608 crore for Q1 FY26. This is higher than the Rs 6,432 crore net loss reported in Q1 FY25.
BUSINESS
Optiemus launches Corning tech powered screen protector brand RhinoTech, targets Rs 2,000 crore revenue by FY27
Optiemus says the RhinoTech launch is not only a push for Make in India but also a strategic revenue driver that positions the company for aggressive growth in the high-demand mobile accessories market.
BUSINESS
Vodafone Idea in talks with private credit funds as bank funding remains elusive
The struggling telco is in talks with Davidson Kempner, Oaktree and Värde Partners to raise a small tranche of debt
BUSINESS
Micromax-owned Bhagwati to manufacture OnePlus premium tablets in India
The collaboration will see flagship models like the OnePlus Pad 3 and OnePlus Pad Lite rolling out of BPL’s Greater Noida facility
BUSINESS
India smartphone market sees modest recovery in 1H25; Apple, Vivo lead growth
Apple’s shipments jumped 21.5% YoY to 5.9 million units in 1H25, with the iPhone 16 emerging as India’s top-selling model, contributing 4% of overall shipments.
BUSINESS
Private telcos raise red flag on direct enterprise spectrum allocation; warn of security threats, revenue loss
COAI said global comparisons with countries like the US, Finland, Germany, and the UK were misleading, as private networks in those markets are typically located in remote or underserved areas.
INDIA
India's easing China tensions smoothen road to electronics JVs in local manufacturing push
Experts believes such partnerships are critical to scaling up domestic manufacturing in certain sectors
BUSINESS
iPhone component maker Murata begins India production with advanced capacitor facility in Tamil Nadu
The new unit marks Murata’s manufacturing debut in India and is a part of its broader push to diversify production beyond Japan.
BUSINESS
Amber in talks with PE firms to raise funds for EMS subsidiary ILJIN, eyes new acquisitions, says CEO Singh
The company is also open to acquisitions for new verticals, Jasbir Singh has said. Amber is eyeing a 9% share in the PCB market with the help of the new Electronics Component Manufacturing Scheme (ECMS) and plans to set up India's largest plant in Jewar
TELECOM
India’s electronics exports surge 47% in Q1 FY26, smartphones lead the charge
ICEA has projected electronics exports to reach $46–50 billion by the end of FY26, building on the momentum from FY24 and FY25, when exports stood at $29.1 billion and $38.6 billion, respectively.
BUSINESS
Airtel awaiting govt response on AGR relief, expects fair treatment: MD Gopal Vittal
On the broader issue of mobile tariffs, Vittal flagged that India’s average revenue per user (ARPU) and data rates per GB remain among the lowest globally, even compared to countries with lower per capita income.
BUSINESS
5G drives India’s smartphone surge in Q2 2025; affordable 5G phones see 600% growth
Vivo led both the overall and 5G smartphone market with a 19% share, followed closely by Samsung.
COMPANIES
Private telco body calls for mandatory SIM-binding on OTT apps to tackle cyber fraud, national security threats
COAI warned that fraudsters are increasingly shifting to SIM-independent apps to bypass regulatory checks
BUSINESS
India needs more fabs, faster policy push to stay in the global chip race: Top industry bodies
Several global players are exploring direct investments or partnerships across the semiconductor equipment and supply chain and India should make the most of the opportunity, Ashok Chandak India Electronics and Semiconductor Association and SEMI India chairperson Ashok Chandak has said
BUSINESS
Sales hit by China's rare earth curbs, Indian audio electronic firms look to diversify supplier base
China accounts for over 90% of global dysprosium production, a rare earth metal used alongside neodymium to create high-performance magnets essential for audio electronics and other consumer devices
BUSINESS
DoT slashes telecom equipment evaluation fees by up to 95% to boost manufacturing, ease compliance
The new structure, effective August 1, is expected to significantly lower costs for manufacturers—particularly MSMEs—and accelerate the pace of product certification in India’s telecom sector.
BUSINESS
Wearable maker Boult rebrands to GOBOULT, plans global push and offline blitz ahead of IPO
The company has set an internal revenue target of Rs 1,000 crore in FY26, up from Rs 800 crore in FY25, and is pursuing aggressive expansion in retail, product design, and international markets as it gears up for its IPO in early 2027.
COMPANIES
Airtel launches sovereign cloud, AI software suit; signs pacts with global telcos
The newly launched Airtel Cloud, built entirely in India, is designed with telco-grade reliability and tailored to manage up to 140 crore transactions per minute
TELECOM
Dividend on hold as Indus Towers conserves cash amid evolving industry landscape, eyes inorganic bets
Indus attributed elevated capital expenditure during the quarter to new tower additions, maintenance of aging infrastructure, and replacement of older energy systems with lithium-ion batteries
