Consumer electronics major Samsung is aiming 40 per cent market share in the microwave segment in India by the end of this year on the back of more innovative range of products, a top company official has said.
In 2017, Samsung had 33 per cent market share in the segment by volume in the country and 35.5 per cent by value in 2017. In 2013, it had 22 per cent market share by volume and 23.5 per cent by value.
"We are looking to better our market position and we would be touching 37 per cent (market share) by the end of first half of 2018)... We would touch market share of 40 per cent by the end of this year as we launch more innovative products," Samsung India vice president consumer electronics business Rajeev Bhutani told
(ET, Apr 23, 2018)
The European Union and Japan have questioned the preliminary safeguard duties of 70 per cent on imported solar cells recommended by the Directorate General of Safeguards in India, adding to the on-going debate on the appropriateness of the duties.
“In a meeting of the World Trade Organization (WTO) Safeguards Committee on Monday, the EU and Japan criticized the conduct of the investigations and the initial findings leading to the proposed safeguard duties on solar cells in India. New Delhi, however, stated that it follows WTO rules and regulations on the imposition of safeguard measures,” a Geneva-based trade official told BusinessLine.
(BusinessLine, Apr 25, 2018)
India has initiated a probe into the alleged dumping of EVA sheets used in solar cell industry, imported from China, Malaysia, Saudi Arabia, South Korea and Thailand.
The investigation on imports of 'Ethylene Vinyl Acetate (EVA) sheets for solar modules' is carried out by the Directorate General of Antidumping and Allied Duties (DGAD), which is an arm of the commerce ministry.
In the probe, the directorate would determine the existence, degree and effect of the dumped products on the domestic industry.
(BS, Apr 17, 2018)
Indian mobile manufacturing industry is expected to touch Rs 1,32,000 crore by end of 2018, said Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology.
In India, about 110 million mobile phones were manufactured in 2015-16 as compared to 60 million in 2014-15 thereby recording over 90% growth.. Moreover, India’s mobile manufacturing industry produced mobile phones worth Rs 54000 crore in FY15-16 as compared to Rs 18900 crore in FY14-15. By the end of 2017, the number reached Rs 94000 crore.
(ET, Apr 26, 2018)
Mobile phone-maker Nokia, which re-entered Indian markets in June last year, is looking at a “faster growth” in the North-East. Apart from leveraging its brand recall, Nokia is ramping up the portfolio spanning all price points (across feature and smartphones) as its USP in the region.
Typically, the North-East includes Assam, Tripura, Manipur, Mizoram, Arunachal Pradesh, Nagaland, Meghalaya and Sikkim.
According to Amit Goyal, Business Head, North and East, HMD Global — makers of Nokia phones — the company is already ramping up its distributor network there with focus on smaller towns.
(BusinessLIne, Apr 25, 2018)
Taiwanese electronics company Asus launched a new smartphone in affordable range in India in exclusive partnership with Flipkart.
The smartphone, named Asus Zenfone Max Pro M1 will come in three variant. The Zenfone Max Pro has been priced at Rs 10,999 for the 3GB + 32 GB variant. The device with 4GB + 64GB variant will come at Rs12,999, the variant with 6GB + 64GB will come at Rs 14,999.
The phone sports a 5.99-inch FullHD and it will be powered by Qualcomm Snapdragon 636 processor.
(Zee Media Bureau, Apr 23, 2018)
Xiaomi, India’s largest smartphone maker intends to keep its “startup culture” intact even as it expands into new categories such as TVs.
The Chinese company has not defined performance parameters or sales targets for its 400-plus employees in India, making it a one-of-a-kind organization in the Rs 1.5 lakh-crore mobile and consumer electronics industry, where chasing numbers is the norm. Xiaomi entered India four years ago and now counts the country as its second-largest market, after China. It moved into a new office in Bengaluru earlier this week, with a capacity for 750 seats, a likely indicator of plans to ramp up the headcount according to three senior industry executives.
(ET, Apr 20, 2018)
Samsung Electronics has been chosen as the most trusted brand in India, a mega market of 1.2 billion people, for the second consecutive year. LG also ranked third from two years in a row, enhancing its brand value
On April 18, the Economic Times, a major economic daily in India, reported that Samsung Electronics was selected as the most trusted brand in India according to a survey conducted by TRA Research, a market research agency in India. Since being established in Mumbai, India in 2011, TRA Research has conducted a brand survey and announced the results every year.
Samsung, which ranked 18th in 2016, has come in first since last year. Japan's Sony and LG nabbed the second and third spots, respectively. India’s Tata Group placed fourth. Apple sat fifth, one notch down from last year. PC maker Dell came in sixth and Japanese automaker Honda, seventh. Nike, a sportswear maker, climbed by 29 notches to No. 8. PC maker Hewlett-Packard and automaker Maruti Suzuki finished ninth and tenth, respectively. Oppo, China's smartphone maker, landed on 11th place and Google, 18th place.
(Business Korea, Apr 19, 2018)
Noida-based Lemon Mobiles will be spending Rs 150 crores in setting up a manufacturing facility for mobile phones and LED televisions, the firm in a statement Wednesday said.
The production unit, according to the company, would be equipped to produce 1 million mobile handsets every month, and is expected to become operational by 2020.
The firm also claimed to hit Rs 1,000 crore top line in next three years, and said that it would also company come up with an R&D and testing lab in Shenzhen, China to design the next-generation mobile handsets.
(ET, Apr 18, 2018)
US-based i-Life Digital Technology, today announced signing an exclusive partnership with Flipkart, India’s largest e-commerce platform, to enter the Indian electronics market. I-Life has started accepting pre-orders of its top-selling “ZED” range of budget-smart products for Indian consumers in its maiden sale and will start delivering from May 3 onwards. The company is targeting first-time buyers and consumers in tier 1&2 cities by leveraging Flipkart’s country-wide network.
The “ZED” series includes: ZED Book 2-in-1 Detachable Laptop (in gold and grey), ZED Air laptop (in silver and grey) and ZED Air Pro (silver) ultra-slim notebook (the slimmest notebook in its category). These products, according to IDC, ruled the top spot in the entry-level notebook and tablet category last year in the META region. All the products are attractively priced in the INR 10,000 -15,000 range.
(BW Online Bureau, Apr 23, 2018)
With the rapid rise in video consumption over digital platforms, broadcasters are pushing for bundled advertising sales for television and digital to unlock greater value. For IPL 2018, Star India is offering bundled advertising spots across Star Sports and Hotstar at Rs 10 lakh per 10 seconds compared with just Rs 5.85 lakh to Rs 6.5 lakh for a 10-second TV spot last year on Sony.
The response has so far been mixed. While some advertisers like Vivo and Coca Cola have opted for the bundled deals, others have chosen either TV or digital. But the concept has definitely created a buzz in the market. Most media experts agree that with falling data prices and increasing smartphone penetration, bundling is definitely a trend to watch for.
(ET, Apr 23, 2018)
Indian intelligence services are "closely following" the progress of Russia's ongoing effort to shut encrypted messaging giant Telegram, a senior government official has told Business Standard. The move comes amid mounting concerns in India over the use of encrypted messaging services by criminal organizations and terrorists -but also about illegal surveillance by the government.
Last week, Russia's top court granted a request by the country's federal security service, the FSB, to block Telegram after it declined to decrypt messages sent by an individual involved in the St Petersburg metro bombing on April 3, 2017. Sixteen people were killed, including the perpetrator, and another 64 people were injured in the jihadist attack.
(BS, Apr 21, 2018)
San Jose and Chennai based Syrma Technology, an exporter of electronic products and solutions announced its foray into the domestic market with a $10 million investment in its fifth manufacturing unit in the Delhi-Mumbai corridor. The unit will service the opportunities in the Indian market and will focus on the Auto, Industrial, Aerospace & Defence and Healthcare sectors which the company already makes products for.
Syrma designs and manufactures RFID tags, Magnetic products, Printed Circuit Boards Assembly (PCBAs) and box builds for a range of applications. In addition to two units in the Madras Export Processing Zone (MEPZ), Chennai the company has two manufacturing units located in Tamil Nadu and Maharashtra.
(ET, Apr 26, 2018)
Dutch electronics giant Philips today posted a 27 per cent drop in first quarter profits, hit partly by the costs of restructuring and some acquisitions as it evolves its portfolio.
Net income fell in the first three months to 94 million euros (USD 115 million) compared to 128 million euros over the same period in 2017, the company reported in a statement.
Best known for the manufacture of light bulbs, electrical appliances and television sets, the Amsterdam-based company has gradually pulled out of these activities in face of fierce competition from Asia.
It focuses now more on high-end medical and health technology, such as computer tomography and molecular imaging, as well as household appliances.
(PTI, Apr 23, 2018)
India and Finland have reached an accord on the tax dispute with Nokia under the Mutual Agreement Procedure (MAP), clearing the way for the sale of the company’s Chennai plant, which has been idle for more than three years, officials said. This involves a payment of Rs.1,600 crore, a sum that was deposited with the government by Nokia in March. The resolution covers disputes pertaining to Nokia India as well as Nokia Corp., said the officials.
Soon after taking over in 2014, the Narendra Modi government had pledged to put in place a taxpayer friendly regime and take steps to reduce litigation. Nokia India had been issued a demand notice for Rs 2,500 crore in 2013, which underwent rectification to remove errors to Rs 1,600 crore. A Rs 10,000 crore tax raised on Nokia Corp. for the same transaction on the grounds that it had a permanent establishment in the country — a move regarded as overzealousness on the part of the department by some — was not found sustainable and has been dropped.
(ET, Apr 20, 2018)
Commerce and Industry Minister Suresh Prabhu on Wednesday assured exporters of taking up the issue of Goods and Service Tax (GST) refund with the finance ministry and said he plans to call a ministerial meeting to discuss export related issues.
As exports dipped in March after a gap of four months, Prabhu sought a detailed action plan from exporters of all sectors in an interaction with them here.
“I have asked exporters to give me the details of the pending refund. GST refund is a major issue for exports. I will take it up with the finance ministry,” he said.
(ET, Apr 19, 2018)
Moneycontrol reported that at the Annual General Meeting of US industry body Amcham, Telecom Secretary Aruna Sundararajan informed that the direction of the new policy, which is likely to be early as on May 1, will be reform-oriented.
She further said that it will be investor friendly and bring down the cost of compliances and that the proposed NTP 2018 will be placed for public comments for 15-20 days.
After the public comments, the Department of Telecom (DoT) will start inter-ministerial consultation on the policy and thereafter approach the Cabinet for final approval, she said.
The NTP 2018 is expected to present a growth road map of the Indian telecom sector, which is reeling under debt of around Rs. 7.8 lakh crore, for a period of next five years. Telecom operators have demanded that the government lower spectrum usage charges, licence fees and other levies on the sector to make business viable.
(Electronics B2B.com, Apr 27, 2018)
A think tank of key stakeholders headed by commerce minister Suresh Prabhu will finalize a framework for a national e-commerce policy in six months’ time that will settle India’s stand on key issues such as taxation, competition policy, foreign investment and server localization, among others.
India has been finding it difficult to arrive at a consensus on a domestic e-commerce policy to effectively respond to a proposal for multilateral discipline in e-commerce at the World Trade Organization (WTO) as various government departments have contradictory views on the matter, Mint first reported on 7 March, 2017.
For example, while the department of telecom wants server locations of global e-commerce companies operating in India to be based in the country, the ministry of electronics and information technology supports no such restriction.
(LiveMint, Apr 25, 2018)
Nidhi Markanday, director at Intex Technologies, has revealed how some of the latest guidelines in India are encouraging phone companies to step up manufacturing in the country.
Intex, one of the leading device companies in India, is setting up a new manufacturing facility in Kasna, Greater Noida (Uttar Pradesh) as part of its strategy to consolidate all the Noida manufacturing capacity at a single location. The Kasna manufacturing unit will have mobile production capacity of 40 million per annum against the current capacity of 2 million per month.
The expansion plans of Intex reflect the consumer demand in India. India’s mobile subscriber base of over 1.05 billion creates enormous opportunities for handset manufacturing companies in India. The Indian electronics industry is anticipated to reach $400 billion in 2022 with projected growth of compound annual growth rate (CAGR) of 24.4 percent during 2012-2020.
(TelecomLead, Mar 19, 2018)
China’s Huawei Technologies is set to significantly ramp up handset production capacity at its Chennai factory and also increase the number of its original equipment maker (OEM) partners as part of its efforts to boost local smartphone manufacturing in a bid to target a 10%-plus market share in India from the present level of about 2%.
“We have given a commitment to India’s telecom minister Manoj Sinha to deepen our ‘Make in India’ engagement and build local capacity, and India will play a much bigger role towards our goal of becoming the world’s third-largest smartphone brand in the next five years,” Peter Zhai, president, Huawei India’s Consumer Business Group, told ET on the sidelines of Mobile World Congress
(ET, Mar 18, 2018)
Telecom regulator Trai today said it hopes to finalize in about a month the recommendations on promoting telecom equipment manufacturing in the country. The Telecom Regulatory Authority of India (Trai) held open house discussions with industry representatives on the issue today.
"I think we will take about a month or so to firm up our views on this," Trai Chairman, R S Sharma told reporters after the open house meeting. The deliberations revolved around short to long term policy measures that are required to boost innovation and productivity of local telecom manufacturing.
In its consultation paper issued in September last year, Trai had also asked whether patent laws as also mechanism for certification and testing in India were sufficient to address the issues of local manufacturers.
It had also sought industry's suggestions on fiscal incentives that can propel domestic manufacturing in telecom.
(BS, Mar 14, 2018)
The Cabinet was on Wednesday informed about a Memorandum of Understanding (MoU) signed between India and Sri Lanka for promoting co-operation in Information Technology (IT) and Electronics field. The pact was signed on January 15, 2018 during the visit of Minister of Electronics and Information Technology Ravi Shankar Prasad to Sri Lanka.
An official release said that the Cabinet meeting chaired by Prime Minister Narendra Modi has been “apprised of a MoU between India and Sri Lanka for promoting co-operation in the field of Information Technology and Electronics”.
(Indian Express, Mar 14, 2018)
Leaders of Apple Inc., Google and other U.S. technology giants head to China this weekend to pursue a familiar goal: To do more business in the world’s most populous nation. The effort has had mixed results, at best, in the past.
With a trade war brewing between the world’s two largest economies, the goal has gotten loftier still.
Tim Cook, chief executive officer of Apple, Sundar Pichai, CEO of Google, and Ginny Rometty, head of IBM, are scheduled to attend the China Development Forum, an annual gathering that helps Western corporations build relationships with the country’s government officials.
(ET, Mar 24, 2018)
The entry of China’s giant e-vehicles company BYD in India by bagging large tenders for electric buses is worrying Indian auto majors but the Union government is weighing their concerns against the benefits of competition, which has led to a sharp fall in prices.
Indian industry executives say the decision to allow a company the size of BYD to participate in the recent tenders goes against the government’s ‘Make in India’ mission and will create jobs in China instead of in India.
(ET, Mar 23, 2018)
A number of Chinese companies across various sectors have converged here in Hyderabad to take part in the Sm@rt Urbanization meet to explore the possibilities of working on projects in the upcoming smart cities projects in India.
The delegation headed by Shiyong Hong, Vice President, China Chamber of Commerce and Export Machinery and Electronics Products (CCCME), is seeking to facilitate interface between Chinese and Indian companies exploring the potential to work on upcoming projects.
The Smart Cities Council India, part of the global consortium of smart cities, is organizing the 5th Smart Cities Summit Sm@rt Urbanization at Hyderabad International Convention Centre to analyze the learnings and impact assessment.
Speaking at the conference being held here, Shiyong Hong, Vice President, China Chamber of Commerce and Export Machinery and Electronics Products (CCCME), said, “China and India are the two largest developing countries with same strategies and dreams. Chinese President and Indian Prime Minister have met each other more than 10 times in the last 3 years. We need to match our strategies and explore potential for mutual growth.”
(Business Line, Mar 21, 2018)
The government has halved the basic custom duty on open cell displays used in the manufacturing of LED television panels whereby leading television makers like Samsung, LG, Panasonic and Sony are now likely to roll back the price increase on television sets.
A notification issued by finance ministry on Friday evening said the government has reduced duties on open cell displays of 15.6-inch and above from 10% to 5%. This constitutes almost 95% of the television market. The government had imposed 10% duty on open cell panels in the last Budget as compared to nil which was earlier.
(E, Mar 23, 2018)
Union Minister Manoj Sinha on Tuesday said the new telecom policy is almost ready and will be brought in the next session of Parliament after a Cabinet nod.
“The new telecom policy is almost ready, and, this month, we will place it on the Department’s website for public comments. We will bring it in the next session of Parliament,” said Sinha on the sidelines of ‘Deendayal SPARSH Yojana’ award ceremony.
He said the recent Cabinet nod to the telecom relief package — that entails giving more time to companies to pay for the spectrum they bought as well as liberalized spectrum caps — will ensure that the historic success of the sector continues unabated.
(Business Line, Mar 21, 2018)
Responding to exporters’ complaints that field officers were arbitrarily demanding documents for processing Goods and Services Tax (GST) refund claims, which was leading to rejection of several applications, the Centre has decided to notify a standardized list of documents that all officers will have to stick to while processing claims.
“The Revenue Department has agreed to come up with a specific list of documents so that exporters know what papers to produce while claiming refunds and can't be harassed for more,” a government official told Business Line.
The standardized list will be circulated to all field offices and States and it would be made clear to all that no document beyond what is mentioned in the list could be demanded from exporters, the official added.
(Business Line, Mar 21, 2018)
Vice President M Venkaiah Naidu has said that India has huge potential to become the leader in solar energy sector. Mr Naidu said this while addressing the inaugural session of ELECRAMA 2018, organized by the Indian Electrical and Electronics Manufacturing Association in Noida, Uttar Pradesh on Saturday.
He said, various initiatives taken by the government have improved India’s rank in World Bank’s Ease of getting electricity Index from 99 to 26.
The Vice President said, electric vehicles and hybrid electric vehicles will be driving the automobile industry in the coming years.
He further said that the government had already unveiled the National Electric Mobility Mission Plan and set a target of 60 to 70 lakh units of Electric Vehicles and hybrid electric vehicles by 2020.
(The Indian Awaaz, Mar 12, 2018)
Wistron, the Taiwanese contract manufacturer that makes iPhones for Apple in India, is set to invest Rs 682 crore on expanding operations, having got approval to acquire additional land near Bengaluru, a senior Karnataka minister said.
“The industries department had cleared Wistron’s proposal for about 43 acres in the state… they will invest about $100 million,” RV Deshpande, Karnataka’s minister of large, medium industries and infrastructure, told ET. The minister said earlier the company plans to make Apple smartphones in the new facility.
(ET, Mar 14, 2018)
Telecom minister Manoj Sinha has asked India’s top carriers to focus on improving services instead of fighting among themselves, especially now that the government has cleared measures for immediate relief, which should drive investments.
“The most important thing for the telcos to do now is to give good services to consumers,” the minister told ET. He was responding to a question about the bitter fight between Bharti AirtelBSE 0.19 %, Vodafone India and Idea Cellular on one side and Reliance Jio Infocomm on the other on issues including the need for financial relief.
(ET, Mar 09, 2018)
The government on Wednesday cleared a relief package for the debt-ridden telecom sector, giving more time to operators to pay for the spectrum bought in auctions.
It has also relaxed the spectrum holding limit for the telecom operators, according to an official spokesperson.
The package was cleared by the Cabinet today based on the recommendations of the Inter-
Ministerial Group (IMG) on the telecom sector.
(TOI, Mar 07, 2018)
India is the fastest-growing e-commerce market and is expected to reach US$ 188 billion by 2025. The growth of the online segment can be attributed to our increasing dependency on smartphones for professional networking and personal requirements, easy availability of cost effective handsets, easy and interest free finance options for high cost handset purchase, low cost data and online availability of leading brands across tier 2 and 3 locations. It is estimated that the number of consumers who purchase online will cross 100 million by this year compared to 69 million users making online purchase in 2016.
(Newsbarons, Mar 10, 2018)
Make-in-India is one of the key cornerstones of the current government to raise growth rates and create employment. It has been almost four years since the initiative was launched, with much hope and fanfare. The government has, since then, initiated several useful steps and reforms to actualise it. The most recent upgrade in credit rating and the 30-odd point jump in the Ease of Doing Business rankings will get us some mileage. However, it is clear that the delivery of Make-in-India is rather patchy. Several reasons have been advanced for its lack lustre show, including highly overvalued currency, unfavourable ASEAN-India Free Trade Area, tight and unyielding monetary policies, very high real interest rates, high logistics costs, etc. All of them have a degree of truth. But it has to be recognised that beyond all these, an entrepreneur or corporate will invest only if they get remunerative prices and returns are competitive to what the other sectors yield. This last aspect has not been addressed at all by the government or inflation conscience keepers. Had this single factor been corrected, Make-in-India would have had a far better report card to show.
(FE, Mar 12, 2018)
Unlike voting machines in some countries which are connected to a network, Indian EVMs are standalone. Tampering an EVM through the hardware port or through a Wi-Fi connection is not possible as there is no frequency receiver or wireless decoder in the EVM machine.
This would mean that the institutional safeguards to protect the EVM (sealing and hardware checks, among others) are breached to fit a device within the EVM and to manipulate it from outside. In M3 machines, this is also technologically ruled out, as they shut down in the event of tampering.
(The Hindu, Mar 10, 2018)
Mobile penetration in India is now passed As phones get ‘smarter’ and more ‘affordable’, the next big development in the telecom sector is the increasing usage of mobile data. Betting big on India’s growing mobile data consumption, Aruna Sundararajan, Chairman, Telecom Commission, and Secretary, Department of Telecommunications, asserts that the current situation will facilitate a surge in the country’s internet and mobile economy applications, which is emerging as a key economic driver. There is a large volume of money transactions happening through online platforms, and this is expected to accelerate, especially with the commencement of 4G and 5G services, she adds. She was in Kochi to launch Funds Genie app, an online mutual fund investment platform, developed by Geojit Financial Services. Excerpts:
BusinessLine, Mar 10, 2018
In support of government's electric mobility drive, leading power and energy management company Delta Electronics India Pvt. Ltd. on Tuesday launched its complete range of energy efficient electric vehicle (EV) charging solutions in India.
The advanced EV charging solution offerings from Delta will enable the ecosystem to keep pace with the growing demands for a robust electric automobile infrastructure.
Exhibiting at Elecrama 2018, Delta showcased its diverse portfolio of EV solutions with DC Quick, AC Chargers and Site Management System.
These chargers can be conveniently installed in multiple applications such as parking spaces, highway service, as well as residential and commercial buildings.
(ANI, Mar 13, 2018)
Electronic items are weighing heavily on India’s trade deficit. Relentlessly rising imports of electronic items, especially mobile phones, at a time when crude oil prices are firmer, pose a risk to the country’s current account deficit (CAD).
In January 2017, India’s net electronic imports increased 12% compared to a year ago. The chart alongside shows the annualized electronic goods deficit touched $50 billion for April-December. That is as much as 30% higher on a year-on-year basis.
In fact, the magnitude of the impact this variable can have on overall trade deficit has risen over time. For perspective, “Electronic goods deficit is now very close to 9MFY18 annualised oil deficit of $64 billion,” pointed out Edelweiss Securities Ltd in a report on 28 February, adding that the category accounts for 25% of the trade deficit widening during the period.
(ANI, Mar 13, 2018)
The Ministry of Defence (MoD) has begun a project to build IT systems that would help streamline operations and take faster decisions as it looks to increase domestic production of arms and equipment for the armed forces.
So far, officials say, lack of a single-technology platform is among the reasons that has affected faster decision making in local procurement and has led India to depend hugely on imports. The technology platform is also being designed for planners in the military to get a single view of expertise of domestic manufacturers in arms and equipment, helping them shortlist vendors. The vendors have the provision to file certifications, products and licences to the defence ministry.
(ET, Mar 12, 2018)
Increasing import duty hikes on electronic goods has left the sector in limbo. The surge in rates in recent months, once in December last year and another in the Union Budget in February has put pressure on vendors, and traders fear it may affect margins. And with no new proposals on the cards to set up component manufacturing units, Chinese firms assembling locally in the country are expected to be at an advantage against their Indian counterparts
Since last December, import duty on electronic goods, including cellphones, smart watches and wearables, have gone up to 20 per cent from 10 per cent. For key components such as printed circuit board assembly (PCBA) for handsets and LCD, LED and OLED panels for televisions, the rate has been hiked to 15 per cent from almost zero.
(BS, Mar 12, 2018)
India could see investments of up to $900 million (about Rs 6,000 crore) in the next two years from leading handset makers and global contract manufacturers that are seeking to increase the local content in their instruments by assembling printed circuit boards (PCBs) in the country.
Industry insiders say that Chinese handset makers such as Vivo, Oppo and OnePlus, besides Indian players including Micromax and Lava, have earmarked higher investments to take advantage of the recently imposed duties on some components and the expected levy on imports of PCBs, which make up 50% of the cost of making a mobile phone. Further investments are also planned by contract manufacturers such as Foxconn and Dixon.
(ET, Feb 20, 2018)
The government is likely to impose basic customs duty on mobile phone components such as populated printed circuit boards (PCBs), camera modules and connectors from April 1, according to senior officials. These products are currently imported without any levy.
Imported mobile handsets such as the latest iPhones have become costlier after the February 1 budget raised customs duty on the devices to 20% from 125%. Domestic handset makers had expected the imposition of duty on components too in the budget. Whether that will also lead to an increase in the price of phones will depend on manufacturers absorbing the levy or passing it on to consumers, experts said.
(ET, Feb 13, 2018)
A software professional who recently joined consumer lending startup MoneyTap as a senior Android developer was taken aback when asked to recount the most embarrassing incident from his life at an all-hands meeting during his first week at work. He told them about the time when as a newly married man, he had to introduce his wife to a friend and realized her name had just slipped his mind.
(ET, Feb 20, 2018)
State-run Energy Efficiency Services Ltd (EESL) will soon float another global tender for 10,000 electric vehicles to be deployed across the country for government use, a senior executive has said.
EESL, which is a joint venture of PSUs under the power ministry, will also sign a memorandum of understanding (MoU) with the government of Andhra Pradesh this week to supply 10,000 electric vehicles.
(ET, Feb 19, 2018)
One of the major sectors where the government is promoting digital payments is fuel retailing and digital payment companies are targeting the state-owned fuel retailing agencies for rapid digitisation of fuel pumps, which can push up transaction numbers and also create consumer stickiness. From Fino Payments Bank to Paytm to payment entities like Mobikwik and PhonePe all are trying to bring in technology innovations in this space to ensure fast yet reliable digital payments at fuel outlets.
“We need digital payments to be accomplished within less than 15 seconds for each consumer, which will ensure there is no queuing up and no problems for our customers,” said Sanjay Sinha, general manager, retail sales and loyalty at Indian Oil. “Any form of inconvenience will force them back to cash.”
(ET, Feb 19, 2018)
In recent years, Industry 4.0 has evolved rapidly from a distant, esoteric concept to something companies now believe is real and tangible.
Industry 4.0 is a collective term for the new technologies that are significantly changing the manufacturing landscape. These technologies that are significantly changing the manufacturing landscape. These technologies include 3D printing, sensors, advanced robotics, Internet of Thing (IoT), simulation, augmented reality, Artificial Intelligence (AI), Big Data ad Advanced Analytics. The level of maturity across technologies as well as the stage of their cost evolution varies, and hence their applicability across industries in India is different. Still, there is no doubt that these technologies can substantially improve cost, productivity, quality, and flexibility and employee satisfaction.
(ET, Feb 13, 2018)
The government must be disruptive in its fiscal incentives and offer policy certainty to attract investment in the upstream sector to meet its ambition of cutting oil import by a tenth, the chief executive of Vedanta’s Oil and Gas business has said.
Vedanta has submitted 13 applications for exploration licenses and may bid for more in the first auction for exploration licenses and may bid for more in the first auction under the new licensing policy, which is under way, Sudhir Mathur, CEO of Vedanta’s Oil and Gas unit, told ET in an interview. But for the licencing rounds to succeed, the government must offer contacts for longer 30-year horizon so that companies can plan investments with certainty, and clearly defined, fiscal terms that can’t be overridden by new policy measures, he said.
(ET, Feb 13, 2018)
The country’s top angel networks are in active consultations with the Department of Industrial Policy and Promotion (DIPP) on giving formal recognition to angel groups. “The DIPP is very receptive to the idea of giving legal recognition to angel groups and is looking at finding ways to resolve the issue,” said a person closely aware of the developments.
As per industry insiders, there are two suggested ways to certify or give a legal structure to angel networks which channel a large number of angel deals. One of them is the ‘angel fund’ structure wherein angel networks would be recognised by the Securities and Exchange Board of India (Sebi) with their members continuing to invest in individual capacities as angel investors.
(ET, Feb 19, 2018)
List of Electronic items on which GST reduced from 28% to 18% (As announced on 10th November 2017)
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 industry and other stakeholders is slotted for the last week of September.
According to a senior official of the ministry of electronics and IT (MEITY), work has already started on new draft.
The idea is that we have reached a certain level of momentum, now how do we take off from there,” Ajay Kumar, additional secretary, MEITY told ET. One of the big focus areas of the current government has been to develop India not only as a domestic manufacturing hub but also as a large-scale export destination.
Kumar added that due to continuous efforts of the last few years, India has already taken a lead in the areas such as mobile manufacturing, automotive, LED and consumer appliances.
(ET Sep 17, 2017)
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). It said international termination charges should be paid to the terminating access service provider. The recommendations are meant for service providers holding valid telecom licences and exclude calls made from mobile apps such as Whatsapp, Viber and Google Duo.
(Business Line, Oct 25, 2017)
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 the recent WannaCry ransom ware.
While researching the latest activities of the infamous cybercriminal group, Kaspersky uncovered a number of compromised servers being used as part of the threat actor’s global command-and-control infrastructure, the software company said.
(Business Line, Oct 25 2017)
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 (MLI) to prevent base erosion and profit shifting (BEPS) comes into force.
BEPS refers to the reporting framework mooted by the Organisation for Economic Co-operation and Development (OECD) and signed by over 100 countries, including India to prevent exploiting gaps and mismatches in tax rules to shift profits by multinational companies (MNCs) artificially to low-tax regimes.
(BS, Oct 31, 2017)
The Swedish company is working on the major initiative where all its businesses are coming together to develop strong solutions on smart city.
Pramod Kaushik, President, Hexagon India, said they had already developed technologies which can find out what is below the ground, above the ground and in the air.
Hexagon's ground-penetrating radars can find what is under the ground at 30 to 40 metres, thus helping in locating the position of electric, fibre optic cable, water, sewerage and other lines and for coming out with the best solution.
(BS, Oct 13, 2017)
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 valleys. This sector is less developed in terms of border infrastructure as compared to the LAC’s western and eastern sectors and in some areas it takes four days by foot for soldiers to reach forward defence locations.
It also has two disputed areas, including one, which has witnessed regular Chinese incursions in the past, therefore necessitating the setting up of adequate border roads to ensure quick mobilisation of troops and supplies.
(ET, Oct 14, 2017)
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 business and retail fixed-line and broadband business. Besides, it would have a 32 per cent stake in Viom Networks.
Going by the announcement, Bharti Airtel would not take any debt liability of Tata Teleservices (TTSL) and Tata Teleservices Maharashtra (TTML), except for a small spectrum payout liability.
(BS, Oct 13, 2017)
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 McDermott dismissed the appeals bought by three campaigners, who were concerned about the environmental impact of the project, which is to occupy nearly 166,000 square meters in County Galway, west Ireland.
(BS, Oct 13, 2017)
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 platform said.
The online retailer, which is already working with Microsoft on productivity features for Alexa such as calendar interactions, will put the user first in pursuit of any other partnerships, said Toni Reid, Amazon’s vice president of Alexa and Echo devices, who has been on the team since 2014.
(BS, Oct 13, 2017)
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 with Street expectations, and was helped by improved business from clients but profits were ahead of analysts’ estimates aided by better margins and other income.
(BS, Oct 13, 2017)
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 5.7 per cent.
The Hyderabad firm, which provides engineering services, registered a net profit of Rs.111.40 crore as against Rs.97.3 crore in the comparable quarter, a growth of 14.60 percent.
(Business Line, Oct 13, 2017)