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New HP India MD Ipsita Dasgupta sees 'no end' in India devices demand

Economic Times

Economic Times · 1y ago

New HP India MD Ipsita Dasgupta sees 'no end' in India devices demand

HP India has revealed plans for domestic expansion in response to growing demand for laptops and personal computers in the country. HP India Managing Director, Ipsita Dasgupta, stated that the company is in discussions with various Indian and multinational companies to expand its operations. With a low device penetration rate of less than 20%, the demand for laptops and PCs in India is expected to remain strong, particularly in the education sector. In addition, HP is looking to tap into the potential of AI-enabled devices and the refurbished PC market to further strengthen its position in the country.

Related News

HP plans retail expansion, affordable subscription models in India

Economic Times

Economic Times · 1y ago

HP plans retail expansion, affordable subscription models in India

HP is seeking to expand its presence in tier-2 and tier-3 towns in India to reach small businesses, first-time PC users, students, and those who haven't had access to laptops. The company's India MD, Ipsita Dasgupta, announced plans at the HP Amplify Partner Conference 2024 in Las Vegas, including the development of subscription models for rural areas, emphasizing device affordability. HP's global president, Enrique Lores, highlighted India's growing economy and the opportunity to bring technology to an additional two billion customers. Microsoft CEO Satya Nadella and Google CEO Sundar Pichai also attended virtually, discussing topics like AI and the future of computing.

US chipmaker Analog Devices increases India headcount by 30%

Economic Times

Economic Times · 1y ago

US chipmaker Analog Devices increases India headcount by 30%

Analog Devices has increased its India workforce by 30% in the last eight months, with a focus on sales and application teams. The company currently employs 1,500 people in India, including 1,200 engineers. Analog Devices sees significant market opportunity in India, with the country's total addressable semiconductor market projected to grow to $11 billion by 2030. The company aims to become one of the top three markets in India. Analog Devices is currently working with leading automotive OEMs and sees strong demand from the industrial automation sector. The company has not applied for India's semiconductor production-linked incentives at this time.

Google I/O 2025: From Gemini to Astra- Know All Updates & Announcements In Sundar Pichai's Keynote

OutlookIndia

OutlookIndia · 2m ago

Google I/O 2025: From Gemini to Astra- Know All Updates & Announcements In Sundar Pichai's Keynote

At Google I/O 2025, Google announced collaborations with Samsung on XR devices and new AI features like Gemini 2.5 Pro. Key highlights include free Gemini Live features, real-time translation in Google Meet, and a new AI-powered communications platform, Beam. Gemini's integration into Chrome and advances like Gemini Diffusion and Project Astra elevate AI interactions. Partnerships with HP aim to deliver Beam on devices by year-end, reflecting Google’s drive to enhance AI-powered experiences across platforms.

HP puts its money on AI PC to drive growth in India

Economic Times

Economic Times · 1y ago

HP puts its money on AI PC to drive growth in India

Personal systems major HP Inc. is focusing on developers, small businesses, creators, and gamers in the Indian market to boost its growth. The company plans to launch a range of new devices in India, which is considered one of its "high growth markets". This move comes as the PC market has experienced a slowdown in sales after a surge during the pandemic. HP aims to leverage AI and PC technologies to drive its growth in India.

HP And Google Join Hands To Manufacture Chromebooks In India

OutlookIndia

OutlookIndia · 1y ago

HP And Google Join Hands To Manufacture Chromebooks In India

HP has partnered with Google to manufacture Chromebooks in India as part of the Make in India initiative. The collaboration aims to provide affordable and high-quality computing devices to education authorities, schools, and institutions. The Chromebooks will be produced at HP's Flex Facility near Chennai starting from October 2023 and will cater to the demand for affordable PCs in the education sector. This move supports digital education in India and enables easier access to technology for students.

HP cuts annual profit forecast as tariffs weigh on demand, shares fall

Economic Times

Economic Times · 2m ago

HP cuts annual profit forecast as tariffs weigh on demand, shares fall

HP Inc lowered its annual profit forecast due to anticipated slower PC market growth amid global economic volatility, which led to a 14% drop in its shares after hours. U.S. tariff uncertainties are expected to negatively impact PC demand, with significant cost effects in HP's Personal Systems segment. HP plans to counter costs by year-end, shifting production outside China. Despite Q2 revenue of $13.22 billion, adjusted earnings of 71 cents per share missed estimates.

JM Financial's Sonia Dasgupta on a stellar FY24 and the ambition for a better FY25

VCCircle

VCCircle · 1y ago

JM Financial's Sonia Dasgupta on a stellar FY24 and the ambition for a better FY25

JM Financial, a leading investment banking firm, had a successful financial year in FY24. Sonia Dasgupta, MD & CEO of investment banking at JM Financial, spoke about the company's ambitions for an even better FY25. Established in 1973 by Nimesh Kampani, JM Financial has become a prominent player in the investment banking industry, competing with other major dealmakers. The firm offers a range of services, including M&A, equity, private equity, debt, and advisory.

Smile Group appoints former AstraZeneca exec to lead healthtech venture studio

VCCircle

VCCircle · 2m ago

Smile Group appoints former AstraZeneca exec to lead healthtech venture studio

Smile Group has appointed Gagandeep Singh Bedi, former AstraZeneca Pharma India MD, as managing partner to lead its new healthtech venture studio. Bedi brings 25 years of healthcare experience, having worked with firms like Boehringer Ingelheim and Eli Lilly. He significantly contributed to AstraZeneca India's growth and its COVID-19 vaccine response. Smile Group, focused on scaling ventures in high-growth markets, sees AI in healthcare as a booming $50 billion opportunity in APAC.

Festive season a boost for second-hand electronics sellers, but buyers undecided

Livemint

Livemint · 10m ago

Festive season a boost for second-hand electronics sellers, but buyers undecided

Refurbished electronics sellers in India are expecting increased business during the festive season. ReFit Global plans to sell over 350,000 units in the last three months of the year, while Cashify may double its smartphone procurement numbers. The festive season typically sees a 30-40% increase in demand for refurbished items, particularly in tier-2 and tier-3 cities. Refurbished devices offer a cost-effective way for users to access trendy smartphones and laptops. Additionally, the availability of monthly payment options further contributes to the attractiveness of refurbished devices.

HP tops revenue estimates on PC market recovery; shares dip on weak profit view

Economic Times

Economic Times · 5m ago

HP tops revenue estimates on PC market recovery; shares dip on weak profit view

HP surpassed revenue expectations in the first quarter due to its strong personal systems segment and increased demand for AI-capable systems, despite a planned workforce reduction under its restructuring plan. The company anticipates a surge in PC demand linked to the Windows 10 end-of-support deadline and AI advancements. However, its shares declined by over 3% due to a profit forecast below analysts' estimates, amidst concerns over tariffs on Chinese goods and supply chain adjustments.

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