Business

17 Jul

Apple iPhone assembler joins wave of tech investment in India

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Apple Inc assembly partner Pegatron Corp is making preparations for its first plant in India, adding to a large influx of foreign tech investments in the country this year.In June, the Indian government set out a $6.6 billion plan to woo the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting up a local subsidiary and joining fellow Taiwanese electronics assemblers Foxconn Technology Group and Wistron Corp, who have already been making some iPhone handsets in southern India. Smartphones are a focal point for Prime Minister Narendra Modi's much-touted Make in India program. Ravi…

17 Jul

Reliance Industries looks to storm entry-level 4G, 5G smartphone business

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In 2017, Jio entered the mobile device space by launching 4G feature phones bundled with data. Four years ago, disbelief rippled through the audience at Reliance’s annual general meeting when Mukesh Ambani said he was launching 4G Volte smartphones under Reliance’s own brand name Lyf at an unbeatable price of Rs 2,999 when the average 4G smartphone at that time cost Rs 4000. On Tuesday, during the company’s first pandemic-forced virtual annual general meeting, Ambani outlined another vision to disrupt the mobile device market again. The company, with its new partner Google, will build entry-level 4G and 5G smartphones at the fraction of the existing cost…

17 Jul

Sony’s new Extra Bass wireless speaker range

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Sony India updated its Extra Bass speaker range with the launch of SRS-XB43, SRS-XB33 and SRS-XB23. The wireless speakers are equipped with enhanced audio quality and are designed to support deep and punchy bass which is perfect for house parties. The SRS-XB43 sports a unique rectangular diaphragm design which ensure deep bass and clear vocals, delivering best sound quality, SRS-XB33 is an all-rounder with tough design and long-lasting battery life and SRS-XB23 are perfect outdoor companion with easy portability and compact design. The new speakers support Google Assistant and Siri via voice assistant features for convenient use. The SRS-XB43 &…

17 Jul

An open-ended equity scheme – UTI Equity Fund

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Having a corpus of over Rs. 9,500 crores and having over 12 lakh investors (as on June 30, 2020), UTI Equity Fund is an open ended equity scheme investing across large cap, mid cap, small cap stocks,. This offering from UTI Mutual Fund is suitable for any long term investor. The scheme’s top ten holding consists of Bajaj Finance Ltd., HDFC Bank Ltd., Kotak Mahindra Bank Ltd., HDFC Ltd., L&T Infotech Ltd., Tata Consultancy Services Ltd., Infosys Ltd., Info-Edge (India) Ltd., Shree Cement Ltd. and Astral Poly Technik which accounts for around 42% of the portfolio’s corpus as of June…

16 Jul

RLG India’s Clean to Green Campaign Commences E-waste Collection Program in Five New Cities This Year

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Under the aegis of Ministry of Electronics and Information Technology (MeitY) and in line with the Digital India movement, RLG India drives the Clean to Green campaign to encourage safe and responsible disposal of electronic waste (e-waste). Through the campaign, RLG India reinforces its commitment towards building a sustainable and greener environment and preventing the poisoning of our ecosystem due to the flow of e-waste into landfills. Ms. Radhika Kalia, MD, RLG India, who drives the Clean to Green campaign, said, “Under this program, we acquire discarded and unwanted electronic products and recycle them to protect the environment. The e-waste…

16 Jul

OYO-Unilever partnership begins in India

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To enhance OYO’s ‘Sanitised Stays’ initiative with the help of Unilever’s leading home and personal hygiene brands which will be used in the cleaning and disinfecting of OYO properties, OYO Hotels & Homes, one of the world’s leading hotel chains has partnered with Unilever, the global consumer goods company. Through this partnership, select OYO properties will have Unilever hygiene kits for guests and cleaning supplies for staff. To provide a cleaner and more hygienic experience to guests right from check-in to check-out, OYO has upgraded its cleanliness and hygiene protocols to suit the ‘new normal’ with ‘OYO Sanitised Stays’. With…

16 Jul

GIA India organizes Knowledge Webinar

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GIA India recently presented a Knowledge Webinar on “The Big 3 – Ruby, Sapphire and Emerald”. More than 45 members of the Bangiya Swarna Shilpi Samity, Hanschara (West Bengal) attended the webinar to learn important information about the three gemstones. At the webinar, GIA India Instructor Mohit Agrawal shared insights on the colours, qualities, sources and treatments for rubies, sapphires and emeralds. The webinar taught the participants about laboratory-grown gems along with a few care and cleaning tips. Secretary of Bangiya Swarna Shilpi Samity (Hanschara), Sanjit Karmakar thanked the GIA India for providing this Knowledge Webinar on ‘The Big 3…

15 Jul

Google to pick 7.7 pc stake in Jio for Rs 33,737 crore.

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Google will pick up 7.7% stake in Reliance Industries’ technology venture for ₹33,737 crore, richest Indian Mukesh Ambani said on Wednesday. “We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest ₹33,737 crores for a 7.7% stake in Jio Platforms,” Mr. Ambani said at the company’s annual general meeting. This takes the cumulative fund raising by Reliance in less than three months to ₹2,12,809 crore, he said. This would be a rare instance of two FANG — Facebook, Apple, Netflix, Google —…

15 Jul

Jio says it will launch 5G service with Made-In-India.

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Jio Platforms has designed and developed a complete 5G solution from scratch. Jio's 'Made-in-India' 5G tech will be deployed and launched in a year once spectrum becomes available. Reliance Industries (RIL) claims that once it is proven in India, Jio Platforms will be well placed to be an exporter of 5G solutions to other telecom operators globally as a complete managed service. “Today, I have great pride in announcing that Jio has designed and developed a complete 5G solution from scratch. This will enable us to launch a world-class 5G service in India, using 100% homegrown technologies and solutions,” said…

15 Jul

TikTok’s India striving booms with 500k users added every hour

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In late June, when India banned 59 Chinese apps, including global sensation TikTok, the short-video platform stopped working for its 200 million local users. Within hours, an avalanche of new sign-ups pushed the servers of one of its Bangalore-based rivals, Roposo, to breaking point.Two weeks on, Roposo, which also offers short videos, says it’s peaking at 500,000 new users an hour and expects to have 100 million by month’s end. That’s almost double the 55 million it had before the ban and puts Roposo among a profusion of Indian startups to benefit from TikTok’s troubles in the country. While India summoned privacy…