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News on Medial
Electronics makers enter standby mode - The Economic Times
Economic Times
·
1d ago
Medial
Electronics companies in India are reconsidering expansion plans due to new US tariffs, losing the pricing edge over China. Smartphones and key items remain exempt, but other electronics face 50% tariff duties. Some companies, like Dixon Technologies, are in waiting mode, while others explore alternative markets. Industry associations express concerns about impacts on exports. Despite potential losses in the US market, India's domestic consumption remains a significant allure for multinational companies.
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Tata Electronics to manufacture electronics parts for India-made Teslas
Livemint
·
1y ago
Medial
Tata Electronics Pvt. Ltd has been chosen by Tesla to manufacture electronics parts for its cars assembled in India. Tesla has decided to bypass its international partners Foxconn and Jabil Inc. for this project. The deal allows Tesla to achieve local value-addition in India and take advantage of the government policy to lower import duty for electric vehicle makers. Tata Electronics is also setting up India's first chip fabrication plant, which will manufacture semi-conductors for various industries. The partnership could serve as a model for other foreign companies looking to enter the Indian market.
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Cheap TVs’ incessant advertising reaches troubling new lows
Arstechnica
·
4m ago
Medial
In an op-ed, the issue of intrusive ads on budget TVs is highlighted, with reports of controversial content like political messages during idle screens. A Vizio TV user described encountering immigration ads in standby mode, showcasing how cheap TVs monetize idle time through ads. This raises concerns about poor ad choices, especially as companies seek ad revenue amid declining hardware sales. There’s a fear that unchecked advertising could drive customers away from certain brands.
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MeitY's SAMRIDH scheme has supported 175 startups, MoS Rajeev Chandrasekhar tells Lok Sabha
Economic Times
·
2y ago
Medial
The "SAMRIDH" scheme by the Ministry of Electronics and Information Technology (MeitY) has provided support to 175 startups, as reported by The Economic Times. The scheme aims to nurture and uplift startups in India by offering various forms of assistance and guidance.
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ShareChat launches WhatsApp Branded Shares in beta for advertisers
Economic Times
·
2y ago
Medial
ShareChat introduces "WhatsApp Branded Shares" in beta mode for advertisers, as reported by Economic Times. The new feature allows advertisers to utilize WhatsApp for promoting their content and brand. This move aims to leverage the popularity of WhatsApp in India as a marketing channel and offers advertisers a unique opportunity to engage with a wider audience through the platform.
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Ola plans to open dark stores to enter quick commerce sector: ET
Hindustan Times
·
1y ago
Medial
Ola Cabs parent ANI Technologies plans to set up dark stores to enter the growing quick commerce segment, The Economic Times reported. The EV company will reportedly offer dark stores as a service "where the whole setup will be delivered with significant automation". Dark stores are small neighbourhood warehouses which stock products delivered by quick commerce services.
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LIVE | ET Startup Awards 2024: Celebrating India's excellence
Economic Times
·
10m ago
Medial
- The Economic Times Startup Awards is celebrating its tenth edition in Bengaluru today, October 5. - The event will feature top entrepreneurs, policymakers, investors, and business leaders. - Ashwini Vaishnaw, union minister for railways, information and broadcasting, electronics, and IT, will be the guest of honour. - The ceremony will include past and present winners and nominees as prestigious speakers. - The event aims to recognize and celebrate the best of Indian entrepreneurship.
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Stock market fatigue: Nifty at 21,800? 2 key concerns & Nomura's top stock picks
Business Today
·
5m ago
Medial
Nifty's valuation multiple has decreased from 21.3 times (September 2024 peak) to 19 times one-year forward earnings due to economic and earnings growth falling below expectations.
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Ashwini Vaishnaw will be guest of honour at ET Startup Awards
Economic Times
·
10m ago
Medial
Union minister Ashwini Vaishnaw will be the guest of honour at the 10th edition of The Economic Times Startup Awards. The event, held on October 5th in Bengaluru, celebrates India's entrepreneurial excellence. Vaishnaw, who oversees the ministries of railways, information and broadcasting, electronics and IT, has played a key role in the government's initiatives such as Make in India and responsible AI development. The event will feature prominent founders, investors, and policymakers, highlighting India's thriving startup ecosystem. Past editions of the awards have recognized successful startups like Zomato, Swiggy, Freshworks, Delhivery, Zerodha, and Razorpay.
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Apple powers India’s record Rs 2 lakh crore FY25 smartphone exports
Economic Times
·
4m ago
Medial
India's smartphone exports surged to over Rs 2 lakh crore in the last fiscal year, driven by Apple’s iPhones contributing Rs 1.5 lakh crore. The electronics industry grew fivefold over a decade, with exports increasing six times. A new Rs 22,919 crore electronics component manufacturing scheme aims for export-led growth. The government plans to double value addition in electronics manufacturing within five years. Nearly 100,000 jobs are expected, boosting domestic production and exports.
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TVS Electronics' new SMT line set to focus on defence and railways
Economic Times
·
1y ago
Medial
TVS Electronics, a subsidiary of TVS Group company, plans to enter the electronics manufacturing services (EMS) segment for defence and railways products. The company is expanding its presence in the EMS space and aims to scale up its production from its surface mount technology (SMT) line. The SMT line, operationalized earlier this year, is currently catering to captive demand at the Tumakuru plant in Karnataka. TVS Electronics is also in talks with multiple tech partners to have six SMT lines operational by 2028. The company aims to offer end-to-end solutions encompassing PCB assembly, product testing, box building, and supply chain management.
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