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NEW DELHI: India’s steadily rising mobile phone exports, which generated $11 billion in revenue in the first six months of the current fiscal, are expected to take a multi-billion-dollar hit as a result of a prolonged impact of the Iran war on consumption, imports and freight transit in the Gulf region.Executives, analysts and brokerage firms estimate a loss of $2 billion-3 billion on India’s electronics exports, largely because electronics manufacturing services (EMS) companies export a sizeable quantity of mobile phones to the Gulf area—a key trade and consumption hub.Mobile phones are among the top five most-impacted commodities as a result of the Gulf nations and the West Asia region being directly affected in Israel and the US’s war on Iran, analysts Suvodeep Rakshit and Swarupjit Palit at brokerage firm Kotak Institutional Equities wrote in a note to investors on 6 March.The analysts cited India’s commerce ministry data to say that mobile phone exports to the Gulf and West Asia rose to $3.1 billion in FY25, accounting for 12% of the country’s net electronics exports. This entire chunk may be affected and EMS companies that rely significantly on mobile phone manufacturing may be substantially hit, at least in the current quarter and next.If the conflict continues, the entire $3 billion in export value may be wiped off in the next fiscal year, the Kotak analysts said.

Subscribe to enjoy similar stories. The European Union’s (EU) decision to set up a “Legal Gateway Office" in India under the EU-India Comprehensive Framework of Cooperation on Mobility, announced alongside the conclusion of the India-EU free trade agreement, will not create any special immigration rights or fast-track visas for Indians seeking to work or study in Europe, lawyers told Mint.

Subscribe to enjoy similar stories. South Korean gaming giant Krafton will acquire a controlling stake in Pune-based Nautilus Mobile for ₹118 crore and the transaction is expected to give JetSynthesys a part exit.

Krafton — the name behind popular esports title Battlegrounds Mobile India (BGMI) — is actively looking to invest and acquire in India, which is among its top five markets globally and where mobile-first gaming culture, rapid smartphone adoption, and a young, tech-savvy population are driving prospects of steady growth in online gaming. Krafton India CEO, Sean Hyunil Sohn sees the gaming industry here becoming much more sizable and impactful, and asserts the company would not be tied down to fixed investment limits for this «promising» market. Krafton has already invested USD 200 million in the country. Reflecting on India's regulatory landscape and past challenges faced by Krafton, he highlighted the company's positive outlook on regulations. Sean said India's approach to norms are supported by defined processes, constructive feedback, and a calibrated approach before actual implementation of guidelines.

Cincinnati Bearcats will be taking on the 12th-seeded Oklahoma State Cowboys in the first round of the 2025 Big 12 Tournament on Tuesday afternoon. The two teams met just days ago in the regular-season finale. Oklahoma State took home a 78-67 win in the final game. But Cincinnati came into the tournament as 7.5-point favourites, seeking to snap a three-game losing streak. The tip-off is scheduled for 12.30 pm ET (5.30 pm GMT) at the T-Mobile Centre in Kansas City, Missouri. The victor of this match-up will advance to play 5-seed Iowa State in the second round on Wednesday, according to the CBS Sports report.

Samsung India, Mobile Experience, Vice President, Aditya Babbar said the new A series devices would be made in India. «As per Counterpoint Research, there are 89 million happy customers on A series. We are targeting greater than 100 million devices in A series this year,» he noted. Babbar said that according to Counterpoint Research, last year, Samsung was an absolute leader in the price segments of Rs 25,000-35,000 and Rs 35,000 to Rs 50,000 in which Galaxy A56 and Galaxy A 36 are being launched, and the company expects to maintain that trend.

SS United States, once the fastest ocean liner to cross the Atlantic, departed Delaware Bay on Thursday for its final journey. After spending more than 30 years docked at a Philadelphia pier, the legendary vessel will soon meet its end in the waters off Florida’s Gulf Coast.

Florida and other southern towns appear to have shattered snowfall records in what many are calling a once-in-a-lifetime chance to witness sandy snowscapes on beaches, of all places. So much of the white stuff piled up across the South that snowballs flew on Bourbon Street in New Orleans and children and parents who don’t own sleds used inflatable alligators, laundry baskets and yoga mats to slide down snow-covered Mississippi River levees.

Cape Town Convention that mainly pertains to leasing of aircraft will soon get legal backing in the country with the Union Cabinet recently approving a bill in this regard, according to a senior official. India is one of the world's fastest growing civil aviation markets and domestic carriers have placed orders for more than 1,200 planes.

Yaba tablets and Brown Sugar worth around Rs 62 crores from Mata Village in Manipur’s Churachandpur District.

Garena Free Fire is reportedly making its return to India soon. Rumors about the return of Garena Free Fire to India has spread like wildfire. The popular battle royale game was previously banned, but recent activity suggests a possible relaunch. The rumours started after Garena posted job openings on LinkedIn for positions in India, includiang data analysis, marketing, esports, and strategic operations. This has led to speculation that the company is preparing to reintroduce the game, potentially under the name Free Fire India. While a September 5, 2023 launch date was previously rumored, it did not happen. Garena has not officially confirmed a new release date, nor have they commented on the speculation surrounding the job postings. Some fans believe the game may launch in 2025.

Krafton India, the local unit of the South Korean maker of Battlegrounds Mobile India, has become the anchor investor in IMM Investment’s maiden India fund. The IMM India Fund is an extension of IMM Investment, a multi-asset South Korean fund managing $7 billion in assets. It will focus on backing startups across sectors such as consumer technology, software-as-a-service (SaaS), fintech, gaming, media and deep tech. The fund will primarily target growth-stage companies with strong potential for an initial public offering, leveraging South Korean expertise and capital, said a company statement.

Subscribe to enjoy similar stories. Basic communication devices like pagers and walkie-talkies, used by Hezbollah to avoid being tracked by Israel, were manipulated to detonate, killing many and injuring thousands. Are basic devices the only ones that can be targeted? What about mobiles? Mint explains: Hezbollah had advised its members to stop using mobile phones to prevent Israel from tracking them.

Executives with military shipbuilder Austal say settling an accounting fraud investigation is the best outcome for the company and that new financial controls have been put in place

A shipbuilder for the U.S. Navy has agreed to admit wrongdoing and pay $24 million to settle an accounting fraud investigation

security forces was helping families of eight SIMI activists killed in an encounter with police in 2016, a senior official of the Madhya Pradesh Anti-Terrorism Squad said on Monday. The ATS last week arrested Faizan Sheikh, a mechanic who was influenced by the ideologies of the Indian Mujahideen (IM) and the Islamic State (IS), from the communally-sensitive Khandwa town. «Sheikh was bringing together and helping the families of SIMI activists killed in an encounter with police. He conducted recees to carry out lone-wolf attacks on police personnel in Khandwa town,» Inspector General (IG-ATS) Ashish told PTI. The accused was arrested on July 4 and remanded to ATS custody for five days, he said.

T20 World Cup final on Saturday, a 1,000-strong audience cheered for esports champions at the Battleground Mobile India (BGMI) series event at Hyderabad. This signifies the increasing popularity of such pursuits even in a cricket-crazy nation like India.

Calls have intensified for Justin Trudeau to resign as head of the party he almost single-handedly pulled back from the brink after a decimating electoral defeat in 2011.Still, Trudeau has been steadfast in his intention to lead the party into the next election.But even as several former elected Liberals, party faithful and strategists declare it’s time for the prime minister to step aside for fear of dragging the party down along with his personal polling numbers, many also admit a Liberal leadership race would be a risky and messy affair.The party hasn’t selected a new leader since 2013, when the Liberals changed the rules to give ordinary citizens a bigger say in who would take the reins of the party.It was part of the board’s “road map to renewal” plan to rebuild the party.The changes allowed a political movement to form behind Trudeau, who won the race easily and reinvigorated the party after a time of crisis.“It doesn’t matter to me if you were a Chrétien Liberal, or a Turner Liberal, or a Martin Liberal or any other kind of Liberal,” Trudeau told the cheering crowd after being voted in.“The era of hyphenated Liberals ends right here, right now, tonight.”His leadership did usher in a new era of Liberal unity, but Conservative strategist Ginny Roth said the party was also remade in his image.“The Liberal party was kind of rebuilt around Trudeau as a bit of a cult of personality, and that worked when he was popular,” said Roth, who served as Pierre Poilievre’s director of communications during his leadership race.Now that it’s no longer true, the very identity of the party is at stake.“I think a lot of Liberals are concerned about what a leadership race could mean, because there’s no real establishment.”If Trudeau