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Indian smartphone manufacturers including Lava and Bhagwati (Micromax) are struggling to meet their incremental targets under the production-linked incentive (PLI) scheme for the third year in a row in FY24, underlining challenges in the government's efforts to create local manufacturing champions. Dixon Technologies is set to be among a few exceptions as it has some big orders and signed some new ones, industry executives said. While global manufacturing companies such as Foxconn, Wistron and Samsung have helped the PLI scheme for mobile phones become a grand success, a top executive at homegrown smartphone brand Lava said the manufacturing industry needs more time to establish local champions.

By Joyce Lee

ICEA) has called on global and domestic supply chain stakeholders to capitalise on the revised Production-linked incentive scheme for IT hardware, adding that the industry and the nation will no longer endure the ramifications of a stunted domestic manufacturing sector in IT hardware. With a substantial budgetary outlay of more than USD 2 billion, the revised scheme heralds a significant pivot towards bolstering the IT Hardware manufacturing landscape in India, opening the doors for global and domestic supply chains to establish or expand their manufacturing bases in this vibrant market, the association said.

racing drones with improvised warheads. Ukraine’s defence ministry calls them kamikazes, because the warhead destroys the drone itself. They are also known as First Person View (FPV) drones because the operator dons goggles that show a video feed from them as they fly.

chipmakers, diamond processors and software-services providers. Saturday’s assault has sparked fresh concern about geopolitical risks among investors just when global financial markets were already grappling with the impact of high-interest rates and the slowdown in China’s economy. Oil surged more than 5% while US equity futures dropped in Asia trading, as the risk of the conflict escalating across the Middle East region remains acute. “The Israel-Hamas conflicts over the weekend may escalate geopolitical tensions in the Middle East region, causing risk-off trades,” Tina Teng, an analyst at CMC Markets wrote in a note. “Markets will be concerned about the rippling effects to the region.” The MSCI Asia Pacific Index treaded water as markets in Japan, South Korea and Taiwan were closed for a holiday, while trading in Hong Kong was halted due to a typhoon. Here are some global themes to watch: Technology Chip stocks from Nvidia Corp.

Hamas on Saturday represented an equally stunning intelligence failure by Israel that involved undetected warnings, overwhelmed missile defenses and a slow response by apparently unprepared military forces, former and current U.S. officials said. American officials said Hamas had achieved a complete tactical surprise, reflected in a death toll of at least 700 Israelis.

Follow our LIVE coverage on Assembly Elections 2023 here The EC on October 6 convened a meeting of general, police, and expenditure observers where Chief Election Commissioner Rajiv Kumar instructed them to ensure a comprehensive control of the influence of money power, ANI reported. The Commission, in an official statement, stated that during a briefing meeting for upcoming elections, Kumar directed observers to ensure a fair and impartial electoral process.

telecom industry has concerns regarding the data protection law, including the fact that the age gating provision as a validation mechanism lacks specifics, and has sought two years' time for its implementation. Telecom operators say that in conventional consent-taking methods, like for a customer acquisition form (CAF), a person gives consent with Know Your Customer (KYC) details. But the same can't be replicated in an internet-driven consent mechanism. «While there can be ways to validate the age of a person, like through Aadhaar, it needs to be clarified and the provisions should be added in the act,» said an executive of a telecom company, requesting not to be named. The executive said that a person below 18 years of age can't get a SIM card and that can be verified during the KYC process at the time of CAF. «The person who has signed the undertaking is accountable. But how can we verify the age of a person on the internet?» the executive said. «This should be clarified from whom and how we should take the consent.» Apart from age gating, there are other issues like grievance redress and languages that need clarification. The telcos said there is ambiguity around the number of languages that should be utilised for customer services and grievance-related queries.

NEW DELHI : Israel’s declaration of war on Hamas in response to attacks on its territory may cloud New Delhi’s ambitious plans to build an India-Middle East-Europe economic corridor (IMEEC), Indian exporters and trade experts said. The plan to develop shipping and railway links between the three regions was announced as part of the Delhi declaration of the G20 summit in India. Fears are growing in the Indian capital that the war could drive insurance premiums and shipping costs higher as was seen on the trade routes affected by the Russia-Ukraine war last year.

Mobile phone exports from India almost doubled to USD 5.5 billion, about Rs 45,700 crore, till August this financial year, according to industry body ICEA's estimates. ICEA said, mobile phone exports from India between April-August 2023 was around USD 3 billion, about Rs 24,850 crore. A source, who did not wish to be named, said, with Apple exported mobile phones worth more than Rs 23,000 crore, thereby accounting for a little over half of the total export.

Piyush Goyal and minister of state for electronics and information technology Rajeev Chandrasekhar sounded an emphatic note of confidence on the scope and promise of Indian startups, at the ninth edition of The Economic Times Startup Awards in Bengaluru. At an impressive event attended by founders, venture capitalists and policymakers, the two Union ministers assured that the Centre would catalyse the Indian innovation ecosystem and not create roadblocks with multiple regulations, as envisaged by Prime Minister Narendra Modi.

placement season, EV companies and startups as well as commercial vehicle makers with EV businesses are revving up hiring at engineering colleges for research and development (R&D), design, production and techno- managerial roles, among others. Placement cells at campuses such as NIT Calicut, NIT Warangal, and MNIT Jaipur, which have started final placements, said demand for talent has soared from these companies. The EV industry's strong appetite for talent is a positive sign in a year when overall tech hiring has been hit hard, and many companies across sectors are cutting back on hiring. Some colleges have even given coveted Day Zero slots to recruiters from the EV industry, signalling the popularity they enjoy among students. Tata Motors, Hero MotoCorp, Maruti Suzuki, Bajaj Auto, and Ola Electric, are among automakers recruiting from campuses such as MNIT Jaipur and IIT-BHU. «A tectonic shift towards EVs, particularly two-wheelers, has been happening. These companies need to expand hiring numbers, particularly in areas such as battery management, thermal management, power electronics, power systems etc,» said Praveen Sankaran, chairperson of Centre for Career Development at NIT Calicut. Chetak Technology — a wholly-owned unit of Bajaj Auto providing sustainable mobility solutions-, Tata Motors, and Caterpillar are among those that have rolled out offers for EV roles at NIT Calicut. In some cases, hiring numbers have doubled or even quadrupled over last year, said Sankaran.

Economic Times Startup Awards. Union minister for commerce and industry Piyush Goyal and minister of state for electronics and IT Rajeev Chandrasekhar will be the guests of honour at the high-octane event. An elite panel will discuss the best ways to build sustainable businesses for the future. The topic of the debate: New order for Startup Inc: Decoding the Playbook for Sustainable Businesses.

₹4,966.80 crore in the retail unit of Reliance Industries Ltd, following a 1.18% stake purchase in the company in October 2020. The fresh investment values RRVL at a pre-money equity value of ₹8.38 trillion, making it among India’s top four most valuable companies. The investment by ADIA will translate into an equity stake of 0.59% in RRVL on a fully diluted basis, the company said in a statement late on Friday.

Refer to Figure 1. This rapid growth in D2C and ecommerce is set against a backdrop of declining Venture Capital (VC) funding. Encouraged by the online surge caused during Covid-19, VC funding increased in the years 2019 all the way to 2021, and reached an all-time high at H2 CY2021.

remove child sexual abuse material (CSAM) from their platforms for Indian users, an official statement noted. “Any delay in complying with the notices will result in the withdrawal of their safe harbour protection under Section 79 of the IT Act, which currently shields them from legal liability," it added.

OnePlus Pad Go in India starts at Rs. 19,999 for the Wi-Fi only, 128GB storage variant. The LTE-enabled lower storage model is priced at Rs.

From the latest gadgets and fashion trends to home essentials and more, Amazon has something for everyone. Get ready to seize the unbeatable offers, stock up on your wishlist items, and indulge in a shopping spree like never before. Stay tuned for an extraordinary shopping extravaganza, curated exclusively for you!

X, YouTube and Telegram asking them to remove pornographic and child sexual abuse material (CSAM) present on their platform. In the notice sent by the ministry of electronics and information technology, all these platforms have been warned that non-compliance with the notice issued would lead to their safe harbour status being withdrawn.

child sexual abuse online, the Ministry of Electronics and IT (MEITY) on Friday issued notices to social media intermediaries X, Youtube and Telegram, warning them to remove Child Sexual Abuse Material (CSAM) from their platforms in India. The Ministry also warned the three social media intermediaries that any delay in complying with the notices will result in the withdrawal of their safe harbor protection under Section 79 of the IT Act, which currently shields them from legal liability. According to IT minister Rajeev Chandrasekhar, “We have sent notices to X, Youtube and Telegram to ensure there are no Child Sexual Abuse Material that exist on their platforms. The Government is determined to build a safe and trusted internet under the IT rules.

Amazon Great Indian Festival arrives on October 8th, with an exclusive early start for Prime members on October 7th at midnight. Unveil a treasure trove of savings with unbeatable discounts on cutting-edge ACs and high-quality TVs from renowned brands like Sony, LG, Samsung, Redmi, and more.