MOBILE PHONE COMPANIES
Made-in-India smartphone shipments rose 6% in 2024: Apple, Samsung drove 94% of exports | Report
Smartphone manufacturing in India is expected to grow in double digits in 2025, alongside increasing local value addition. As per the report, Samsung was the top smartphone manufacturer in India in 2024, recording 7% year-on-year (YoY) growth. Vivo secured the second spot with 14% YoY growth, capturing a 14% shipment share, attributed to its offline retail expansion and enhanced distribution network.
Heading to London? Keep a firm grip on your mobile phone
London has become Europe's mobile-phone theft capital, with 70,095 recorded thefts in a year, fueled by the use of electric bikes. Despite a recent police crackdown resulting in numerous arrests, the trend persists, highlighting the need for public vigilance and improved anti-theft measures by technology companies.
What's in Germany's giant spending 'bazooka'?
Germany's substantial spending plan aims to enhance its military and modernise infrastructure, with a 500-billion-euro fund over 12 years. The initiative emphasises bolstering defence, fixing outdated infrastructure, and addressing economic challenges. Analysts believe reforms are necessary for sustained growth despite the fiscal boost. The package signifies a shift for traditionally debt-averse Germany.
India's $23 billion plan to rival China factories to lapse after it disappoints
India's $23 billion initiative to boost domestic manufacturing is set to lapse after four years. Despite promises of cash payouts to firms like Foxconn and Reliance Industries, many failed to meet production targets or faced delays in receiving incentives. The program's limited impact has sparked plans for alternative support measures.
Xiaomi eyes settlement route for release of ₹4,704.21 cr frozen assets
Xiaomi Technology India's ₹4,704.21 crore remains held up as authorities have attached its bank accounts amid ongoing investigations. The company is open to settlement negotiations and faces multiple probes related to tax and customs compliance. Despite legal challenges, Xiaomi had a 12% share in India's smartphone market in 2024, with India's sales rising by 26%.
Sebi bans former TV anchor Hemant Ghai, his family members from securities markets for 5 years
Sebi has barred former TV anchor Hemant Ghai and his family from securities markets for five years, citing regulatory violations. Ghai is accused of using his TV position to influence stock prices, benefitting his family through pre-planned trades. Sebi has ordered them to disgorge Rs 6.16 crore of illegal gains and pay additional penalties.
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ET MSME Awards 2024: Meet the nominees competing with their ‘innovative’ prowess
The Economictimes.com is back with ET MSME Awards 2024. The awards will honour the exceptional MSMEs in the country who are at the top of their game.
Apple ordered by EU antitrust regulators to open up to rivals
The move by the European Commission came six months after it opened so-called specification proceedings to ensure that the iPhone maker complies with the Digital Markets Act (DMA) which seeks to rein in the power of Big Tech.
QSRs go quick; Apple grows India suppliers
Several quick-service restaurant (QSR) brands are customising their top-selling products for quick commerce platforms. This and more in today’s ETtech Morning Dispatch.
Companies with strong financials back in focus with rise in volatility
Amid market volatility, nine ET 500 companies, including Dixon Technologies, Zomato, and Suzlon, have exceeded FY24 revenue and profit levels in nine months of FY25, demonstrating strong financial performance despite uncertain demand.
Apple reportedly considered iPhone 17 not having charging port, here's is what we know
Apple's upcoming iPhone 17 Air will feature significant design updates, including the absence of a USB-C charging port, hinting at a future portless design. The slimmer model will enhance durability and aesthetics by removing entry points for dust and water. Compliance with EU regulations and user dependence on wired data transfer pose challenges.
Smart about smartphones: India must act fast to retain electronics trade advantage amid US tariff shift
The US has imposed a 20% tariff on Chinese goods, offering India a chance to become a key supplier in the electronics market. However, reciprocal tariffs by the US on Indian exports could shift investments to Vietnam. Fast-tracking tariff reductions and securing a bilateral trade agreement with the US are crucial for India to capitalize on this opportunity.
Bear hug for Ola Electric, Mobikwik; Byju challenges NCLT
On Monday, Ola Electric and Mobikwik stocks suffered in an ominous sign for IPO-bound companies in 2025. This and more in today’s ETtech Top 5.
Malware data sharing: Beyond big tech, panel demands government clarity
Standing Committee questions reach of cybercrime information, seeks inclusion of local search engines and rural connectivity agencies.
Apple’s blue bubble chat to pop up on Indian android phones
Apple is negotiating with Google to bring its rich communication services (RCS) messaging to Indian users, allowing cross-platform compatibility with Android. This partnership aims to transform business communications in India, integrating with local telecom operators to enhance the messaging ecosystem.
Apple to export made-in-India AirPods to US, Europe from April
Apple has started exporting AirPods from India, with initial shipments beginning in April 2024, marking the second product after the iPhone to be made in India for export. Foxconn's Hyderabad facility is assembling two models, positioning India as a key manufacturing hub amid rising trade tensions and tariffs with China.
India's electronics manufacturing sector grapples with uncertainty over Trump's tariff threat
Donald Trump's proposed reciprocal tariffs could disrupt India's electronics and semiconductor industries, impacting smartphone exports and manufacturing incentives. Experts urge policy adjustments to safeguard India's role as a global manufacturing hub amid shifting geopolitical trade dynamics.
Govt sets tough conditions for Elon Musk's Starlink to enter India
The Centre has requested Starlink to establish a control centre in India. This will allow quick suspension or shutdown of communications for law and order. Starlink must also facilitate call interceptions through official channels. This move comes as Starlink nears its satellite communications licence approval, with agreements in place with Reliance Jio and Airtel.
JioStar likely to remove entertainment content from YouTube from May 1
JioStar plans to remove its entertainment content from YouTube by May 1 to curb subscriber migration from pay-TV to free digital streaming. This follows their strategy of placing content behind a paywall on JioHotstar, aiming to reduce churn and grow the paid subscriber base in the broadcasting industry.
Bharti Airtel partners with Elon Musk's Starlink for high-speed satellite internet in India
Bharti Airtel has partnered with Elon Musk's SpaceX to bring the Starlink satellite internet service to India, marking a significant development in the nation's emerging satcom sector. This agreement aims to enhance connectivity, particularly in underserved areas, and complements Airtel's existing alliance with Eutelsat OneWeb.
Simple Energy launches OneS electric scooter: Check price, range and features
Simple Energy launches the new electric scooter, Simple OneS, priced at Rs 1,39,999. With a 181 km range and top speed of 105 kmph, it caters to inter and intracity commutes. It includes features like 4 riding modes, 7-inch touchscreen dashboard, 5G e-SIM, Bluetooth, and safety options like Find My Vehicle and TPMS.
JioStar secures 20 sponsors for IPL 2025
JioStar is gearing up for IPL 2025 with 20 sponsors, including My11Circle, Google Search, and Amul. The tournament runs from March 22 to May 25, showcasing cricketing talent. It will be broadcast on JioStar’s sports network and JioHotstar. This offers brands a chance to engage with cricket fans across TV and digital platforms.
Satellite new addition to tech mix to enable users carry mobiles to remotest part: Sunil Mittal
Sunil Mittal announced that satellite technology will soon join 4G, 5G, and 6G, enabling mobile connectivity in remote areas, including skies and oceans. Indian telecom giants Bharti Airtel and Jio have partnered with SpaceX's Starlink to offer high-speed internet in India. Mittal urged collaboration between telecom and satellite firms to connect underserved regions.
Phonemaker says its screen is full of Motorola orders
Lenovo's Motorola plans to ramp up smartphone production and exports from India after US tariffs on Chinese imports. Dixon Technologies reports healthy volumes of over 1 million units monthly and expects a significant increase. Motorola aims to export 12-18 million units to the US, despite potential reciprocal tariffs, highlighting a shift from China to India and Vietnam.
Karnataka Budget: Key points for AI, startup and technology
The state’s budget, announced by chief minister Siddaramaiah, has proposed support to the state's technology and startup ecosystem, with a focus on artificial intelligence and electronics manufacturing.
Chinese AI firm iFlyTek eyes Europe expansion as US trade war heats up
iFlyTek, with a market capitalisation of 123 billion Chinese yuan ($16.97 billion) based on LSEG data, currently sells in France and Hungary, where it already has an office. It also plans to open an office in Paris this year or next, vice president Vincent Zhan said.
Chinese smartphone companies lean on Google for GenAI features
Brands such as Oppo, Xiaomi and Honor have announced deep partnerships with Google Gemini at the Mobile World Congress in Barcelona, embedding the language model across the user interface to offer fresh use cases to users.
Stock market woes hit retail sales across sectors
Recent stock market volatility is impacting consumer goods sales, including two-wheelers, luxury cars, and electronics, as many Indians shift their savings to investments. This decline in sales is attributed to negative sentiment around market fluctuations, affecting discretionary purchases and delaying consumption recovery.
South Delhi man paid ₹16,680 for a phone, got a biscuit instead: Online scam unfolds
A South Delhi man was left stunned after ordering a mobile phone online, only to receive a soap bar and a biscuit packet instead. The scam involved a fraudulent delivery agent who disappeared after receiving payment. Later, another agent arrived, demanding a second payment for the real phone. The case has raised serious concerns about online shopping security. Police have registered a case and launched an investigation into how customer details were leaked.
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