Current Updates

New industrial policy to promote “Ease of Doing Business” at district level

The New Industrial Policy will focus on reducing regulations and promoting ease of doing business at the district level, Commerce and Industry Minister Suresh Prabhu has said.

Interacting with members of industr

Higher duty on toys won’t cut reliance on Chinese imports

Increasing import duty on toys and artificial jewellery will do little to cut the country’s dependence on Chinese imports in these sectors, according to domestic players, who say the government should instead ra

 Imported equipment may attract 70% safeguard duty

The Director General (Safeguards) has recommended imposing a 70% safeguard duty on imported solar cells, panels and modules for a minimum period of 200 days, likely dealing another blow for developers who bid for proj

Consumer durable players take the CKD route to beat higher import duties:

The Centre may have doubled import duties on high-end televisions and microwaves to encourage domestic production of these goods but manufacturers are in no mood to make higher capital investments. Most players plan t

Carmakers want 5% GST, income tax sops to push e-vehicles

Carmakers have sought a number of incentives to push electric vehicles — a 5 per cent goods and s

Hike in customs duty on electronics likely to boost revenue collection

The recent hike in customs duty on electronic goods is expected to not only discourage imports and boost domestic manufacturing, but could also benefit the Exchequer in a year of muted revenue growth.

The duty i

DyCM elucidates Bihar's industrial policy before entrepreneurs

To encourage Information Technology, food processing, textiles, apparels and leather industries in Bihar, the state government would give 10 per cent interest grant on bank loans of those industries, Deputy Chief Mini

List of Electronic items on which GST reduced from 28% to 18%

List of Electronic items on which GST reduced from 28% to 18% (As announced on 10th November 2017)

Government to hold talks on new electronics policy

In order to strengthen the ongoing momentum in domestic production of electronic goods, the government is looking at drafting a new electronics manufacturing policy and as a first step, a consultation with the industr

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Trai slams RCom for refusing to refund consumers’ balance

Telecom regulatory Telecom Regulatory Authority of India (TRAI) slammed Reliance Communications for “usurping” un-spent pre-paid balances and security deposit of its mobile customers after operations were

Budget Impact: iPhones costlier by up to Rs.3, 200

Apple raised the prices of all its mobile phones, except the iPhone SE, for the second time in two months, after the government increased basic customs duty (BCD), a move which increases pressure on the company to exp

DoT to float draft telecom policy in a week

The Department of Telecom (DoT) is likely to float draft of the National Telecom Policy (NTP) 2018 within a week for public comments, an official source said.

The draft (of the NTP 2018) is very likely to be iss

IPhone sales dip by 9% in India

Apple iPhone sales in India dipped in the October-December quarter.

According to Counterpoint Research, iPhone sales declined by 9 per cent in volume terms and 7 per cent in volume terms and 7 per cent by revenu

Four Telcos battle it out for 150mn Mobile Users looking to port numbers

India’s top four telecom services providers are vying to sign up more than 150 million mobile users who may be looking to port their numbers, thanks to a rapid consolidation that has seen reliance Communications

Tim Cook stumbles at his specialty, shipping Apple products on time

As Apple Inc.’s longtime chief operating officer, Tim Cook was known for ensuring that new products hit the market on schedule.

With Mr. Cook as CEO, though, Apple’s new gadgets are consistently late

Trai targets $100-bn investment in communications sector

The Telecom Regulatory Authority of India (Trai) has issued a consultation paper seeking views of stakeholders on a New Telecom Policy, which is slated to be announced by March this year.

 Besides, the new

India witnessed explosive growth in 4G data usage in 2017

Well, 2017 has been a wild run for telecom operators, experimenting with new data plans and tariffs, trying to retain and at the same time attract new users as well as venturing into the mobile phone segment.

An

Smartron invests in MiQasa to bolster IoT play in India

Smartron, the maker of smartphone and Internet of Things (IoT) products, said

TRAI suggests norms for app-based calls

The Telecom Regulatory Authority of India proposed that internet telephony calls originating from international out roamers should be routed through the gateway of licenced International Long Distance Operators (ILDOs

Telecom exposure of Tata group stands at Rs.47,000 crore

After its exit from  the consumer mobile business, the Tata group, which had invested Rs.47,208 crore In  in the past 15 years through equity and debt, would now have two businesses – enterprise busine

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Auto Cos charged up, to unveil 50 electric and hybrid vehicles

Nearly 50 electric and hybrid vehicles will be unveiled at Auto Expo 2018 that starts in Greater Noida this week; in what will be an affirmation of automakers’ commitment to India’s ambitious goal on elect

IT sector may see muted Q3

Third-quarter results at Indian Information Technology  companies are expected to be a muted affair as seasonal slowness is exacerbated by low demand in the sector’s largest business verticals – banki

Visakhapatnam soon to have Centre of Excellence for Internet of Things

The Port City will soon have a Centre of Excellence for Internet of Things (IoT) that would boost the start-up ecosystem in a huge way, said B Krishna Murthy, senior director in the Union Ministry of Electronics and I

Domestic IT spend to grow 11.6% to Rs 2.33L cr in 2018: Report

India's domestic IT spending is estimated to grow at 11.6 per cent to Rs.2,33,273 crore this year, helped by government's push for digital services, a report by Coeus Age Consulting said. 
The domest

German multinational BASF eyeing e-vehicles segment

In a bid to find new revenue streams, German multinational BASF is eyeing the growing electric vehicles (EVs) segment. BASF makes chemicals required in batteries for EVs and the company could make fresh investments in

Samsung forays into budget Tablet Market in India

As tablet shipments continue to slump in India, Samsung India on Thursday said the company will launch affordable products this year, predicting the tablet industry is set to make a strong comeback.

"2017 w

Shock and awe: India has a date with electric vehicles

In hindsight, 2017 may well turn out to be the watershed year for the Indian electric vehicles (EV) industry. After New Delhi said it would replace its entire fleet with the electric powertrain by 2030, about a dozen

Noida, Yamuna expressway declared electronics manufacturing zone:

The Yogi Adityanath government has released its ‘Uttar Pradesh electronics manufacturing policy’ under which Noida, Greater Noida and the Yamuna Expressway region has been declared as an electronics manufa

Digital, IoT Empowering Banking Industry

With the BFSI sector going through a transition in adopting the latest technologies and focusing on technological innovation, internet banking has emerged as the biggest focus area in the ‘Digital Transformation

NASSCOM signs deal with China's top internet hub

India's IT industry association NASSCOM today signed an agreement with China's top internet hub to co-develop a collaborative technology platform which is expected to provide a major opening for Indian IT-SMEs

Cyber-criminal gang took over, used Indian servers: Kaspersky

IT security software maker Kaspersky Lab has detected some servers in India that were used by notorious cyber-criminal gang Lazarus, which is believed to be behind large-scale cyber-attacks across the world including

Hexagon developing solutions for Indian smart cities

Hexagon AB, a global provider of information technology solutions, is integrating various technolo

Apple’s €850-mn data centre gets approval from Ireland

Ireland gave the green light for tech giant Apple to build an €850-million ($1.0-billion) data centre, following a battle with conservationists who were seeking to preserve a forest.

High Court judge Paul M

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TV makers may review plans to Make in India

Consumer electronics makers Samsung, LG, Sony and Panasonic are reviewing their 'Make in India' strategy for televisions — which may lead to scaling down of local assembling operations — following

Govt. must direct all incentives at EVs: Tata Motors chief

Tata Motors has said that the government’s incentives must be directed towards electric vehicles (EVs) only, as the industry would have to develop technologies such as hybrids in order to meet the future regulat

Hero Electric eyes capacity expansion

Electric two-wheeler maker Hero Electric will invest Rs 700 crore in capacity expansion over the next three to four years as it expects demand for green mobility solutions to pick up soon. 

Naveen Munjal, c

Eicher launches first Electric Bus

Eicher Trucks and Buses launched its first electric bus “Skyline Pro E”.  The buses are certified to ply on Indian roads and we are confident they will bring great value to commuters, city transportat

No Angel Tax on startups with up to Rs.10 cr funding

Startups incorporated before 2016 that have got up to Rs.10 crore in angel funding won’t face the so-called angel tax, once changes in the regime are finalized by the Department of Industrial Policy and Promotio

Electric buses will take over half the world fleet by 2025

Nearly half of the municipal buses on the road worldwide will be electric within seven years.  With China expected to dominate the global market as it aims to cut urban pollution and support domestic manufacturer

Imports will not decline with Customs duty hike : Experts

The government raised the basic customs duty on a range of products from consumer goods and automotive parts to fully and partly built vehicles and medical devices, among others.  The hike was to the tune of 5-10

ISRO set to launch 31 satellites

India will launch 31 satellites, including earth observation spacecraft Cartosat, on January 12, instead of its earlier tentative schedule on January 10, a space official said.

“The rocket launch to carry

Sops in the works for States that promote exports: Prabhu

The Commerce and Industry Ministry nulls incentives for States that play a  proactive role in promoting exports as it will help boost economic growth, Union Minister Suresh Prabhu said.

He said he has sough

Chhattisgarh signs agreement to lay 32,000 km optical fiber network in villages

The Chhattisgarh Government today signed a memorandum of understanding (MoU) with the Centre for the second phase of the Bharat Net project under which 5987 village panchayats will be connected through optical fi

NITI eyes use of Blockchain Technology

Niti Aayog, the government’s premier policymaking body, is exploring the use of blockchain technology in legally approved areas such  as education, health and agriculture.

The Aayog set up in place of

Investment In Electronic Manufacturing Grew By 27 Percent In 2017

Digital India has made rapid progress in the year 2017. The Ministry of Electronics & Information Technology (MeitY), as a key ministry under the Government of India and the enabler of Digital India program, has u

Metal printing used to make flexible, stretchable electronics

Scientists have developed a technique for directly printing metal circuits, to create flexible, stretchable electronics.

The technique can use multiple metals and substrates and is compatible with existing manuf

Indian Navy deploys submarine, P8I aircraft for naval exercise with Oman

The Indian Navy deployed a submarine and the P8I long-range maritime aircraft for the first time for a bilateral naval exercise with the Omani navy. 

The 11th edition of the exercise, 'Naseem Al Bahr

Plan budget better, panel asks defence ministry

The panel also pointed out that from “2012-13 onwards, the ‘Capital’ component of the budgetary allocation has witnessed a persistent decrease in comparison to ‘Revenue’ component of the

Bill amendment: Easier to acquire land for national security, defence

Lok Sabha passed Wednesday a bill to make it easier for the government to acquire immovable property for “national security and defence purpose” by changing the rules for payment of compensation. The Requi

Indian Navy deploys submarine, P8I aircraft for naval exercise with Oman

The Indian Navy deployed a submarine and the P8I long-range maritime aircraft for the first time for a bilateral naval exercise with the Omani navy. 

The 11th edition of the exercise, 'Naseem Al Bahr

Defence Ministry allows private sector to manufacture eight selected ammunition for Indian Army

ØThe move comes around six months after the government unveiled the ambitious strategic partnership model under which Indian private sector companies will be allowed to form joint ventures with foreign defence

E-tailers’ global warehouses may come under tax net

Warehouses of e-commerce companies based in countries such as Australia, Japan, Italy, Spain, the Netherlands and Russia may not be exempted from paying the  income tax in India once the multilateral instrument (

Lessons from Doklam: Defence ministry okays big infra enhancement along Chinese border

With an aim to further strengthen the defence infrastructure along its frontier with China, India is focusing on the central sector of the Line of Actual Control (LAC) by planning to connect its primary passes and val

Amazon to team up with Apple, Google for Alexa voice assistant

Amazon is willing to team up with competitions Apple and Alphabet’s Google if it would help improve customers’ experience with its Alexa voice-activated virtual assistant, an executive working on the platf

TCS net falls 2%, but beats estimates

Tata Consultancy Services (TCS) said its second-quarter profits dropped 2.16 per cent per-on-year to Rs.6,446 crore, while revenue grew 4.3 per cent to Rs.30,541 crore.  The revenue performance  was in line

Cyient profit rises 15% to Rs.111 crore in Q2

Cyient Ltd., formerly Infotech Enterprises, has posted revenues of Rs.965.40 crore in the second quarter ended September 30,  2017, as against Rs.913.60 crore in the same quarter last year, showing a growth of 5.

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