BUSINESS
Amazon India ramps up investments to expand operations network for festive season demand: Abhinav Singh, VP
To meet the heightened demand for festival goods, the number of sellers has increased from 14 lakh to 16 lakh in the past few months. It has also onboarded over 110,000 seasonal job opportunities, including direct and indirect jobs, across cities such as Mumbai, Delhi, Pune, Bangalore, Hyderabad, Kolkata, Lucknow and Chennai.
BUSINESS
Karnataka wants Apple and its partners to expand manufacturing ecosystem beyond iPhones
Apple's partner Tata Electronics makes iPhones in Karnataka at the Wistron factory it acquired last year. The factory has been producing iPhones in the state since 2017. Foxconn, a more prominent Apple partner by volume, and Pegatron make iPhones in Tamil Nadu.
BUSINESS
Telcos must shift to authorisation regime after licence expiry, consultation paper on satellite spectrum soon: Trai
Trai’s recommendations came after the Telecommunications Act of 2023, which paved the way for replacing the present licensing regime with an authorisation mechanism.
BUSINESS
Airtel's Vittal seeks regulatory oversight of WhatsApp, other messaging apps to combat spam
Airtel has launched an AI-powered spam detection solution for its customers to tackle pesky calls and messages. The free-of-charge facility will be available from September 26
COMPANIES
Airtel launches India's first Al-powered network solution for spam detection
A first-of-its-kind solution by a telecom service provider in the country, the tool will alert customers in real-time to all suspected spam calls and SMSes
BUSINESS
Centre diverting semiconductor investments using political influence: Karnataka IT Minister Priyank Kharge
Kharge expressed frustration over the lack of a level playing field for Karnataka in the semiconductor sector, stating that while the state contributes over 10% to India’s electronics manufacturing output, it is being sidelined in favour of other states.
BUSINESS
Govt assessing impact of SC’s rejection of telcos’ curative petition: Telecom Minister Scindia
Scindia previously told Moneycontrol the government wouldn't interfere in Vodafone Idea's operations, in which the Centre owns a 23.8 percent stake.
TELECOM
Vodafone Idea in talks with Centre on AGR dues; expects debt funding to conclude in next 7-8 weeks: Akshaya Moondra
Moondra was speaking during an investors call a few days after Supreme Court rejected 19 petitions filed by 19 telecom operators, including Bharti Airtel and Vodafone Idea, for the re-calculation of adjusted gross revenue (AGR) dues
BUSINESS
Vodafone Idea seals $3.6-bn network deal. What does it mean for users and vendors?
The deal aims to revitalise the company and boost its infrastructure, fuelling hope for various stakeholders, including equipment vendors and its subscribers
BUSINESS
Vodafone Idea inks $3.6 bn 4G network expansion, 5G rollout deal with Nokia, Ericsson, Samsung
The company has continued with its existing long-term partners, Nokia and Ericsson, and has onboarded Samsung as a new partner.
BUSINESS
Vodafone Idea sees no impact of SC ruling on debt-funding, capex plans
The SC ruling could delay the telco’s debt-funding plans, hinder capex execution and lead to further market share losses, analysts say.
BUSINESS
Domestic telecom gear makers kick off 5G trials for MTNL using BSNL's 700 MHz spectrum
As part of a public-private partnership, BSNL (MTNL) invited Indian companies to deploy and showcase their 5G solutions in their live operational network. For these trials, BSNL is providing its spectrum, towers, power supply, and infrastructure support for equipment housing.
BUSINESS
Electronics industry to discuss '$500 billion by 2030' goal with PMO, FM; flag issues facing Chinese firms
The Indian Cellular and Electronics Association plans to take discuss at length the ways to enhance India's manufacturing capabilities while emphasising the need for Chinese firms in building a robust ecosystem
BUSINESS
Chip design sops may extend to large Indian firms, but DLI 2.0 unlikely to cover foreign MNCs
The government allocated Rs 1,000 crore for DLI 1.0 to provide financial incentives and infrastructure support over five years for developing and deploying semiconductor designs for integrated circuits, chipsets, and system-on-chip
BUSINESS
Gorilla glass maker Corning doubles down on India, eyes semiconductor, aerospace & defence industries
Next year, Corning will begin making cover glasses for mobile at its Chennai facility and vials for injections at its Hyderabad unit. It is also in talks with companies in the semiconductor industry to provide glass for lasers, direction systems
BUSINESS
Vodafone Idea pings new lenders for funding needs, says fundraising on track with bank evaluation completed
The banks requested an evaluation from a top consultancy to determine the telecom company’s creditworthiness and the amount of loans that could be provided
BUSINESS
Second phase of semiconductor mission to focus on component, raw material companies: Ashwini Vaishnaw
The introduction of the second phase is expected to take three to four months.
BUSINESS
NXP Semiconductors to invest over $1 billion in India, doubling its R&D effort, says CEO Kurt Sievers
The company has four semiconductor design centres in India and about 3,000 employees. At the local R&D centres, artificial intelligence (AI) is one of its key focus areas for getting into more advanced systems for automotive and other applications.
BUSINESS
PM Modi sets $500-billion target for India’s electronics sector by 2030
Currently, the nation’s electronics market is valued at approximately $155 billion
BUSINESS
Uttar Pradesh to attract semiconductor units, says Minister Ashwini Vaishnaw
Uttar Pradesh is prepared to offer a capital subsidy of up to 25 percent to companies establishing semiconductor fabs in the state, Chief Minister Yogi Adityanath said
TECHNOLOGY
Samsung to layoff employees amid falling sales, rising competition in India
Sources said the company may lay off employees across functions such as sales, marketing and operations. One person familiar with the matter said the job losses could be in “high single digits”. Others cited higher numbers.
BUSINESS
Abu Dhabi’s G42 plans AI-focussed large data centers, supercomputer, Hindi LLM: India CEO
Jain, who previously led Xiaomi’s India operations, G42, through its subsidiary company, Inception, invested “millions of dollars” to develop this Indic LLM. He said the LLM will launch commercially in India in 4-5 months.
BUSINESS
Govt mulls raising subsidy outlay for semiconductor scheme, awaits formal fab proposal from Tower-Adani JV: Mission chief
Tripathi, who heads the Rs 75,000-crore ISM, said there are around 20 additional proposals from semiconductor chip fabrication units, display fabrication companies, raw material suppliers, and chip packaging companies.
BUSINESS
iPhone 16 series to drive sales this festival season; Apple likely to ship 13 million phones in 2024
Strong iPhone sales along with MacBooks and iPads will push up Apple's India 2024 revenue by 18 percent from the previous year. The double-digit growth will continue in 2025, analysts have said
