Explore Business Standard
Mobile Phone
South Korean electronics major Samsung is expanding its manufacturing portfolio in India, union minister Ashwini Vaishnaw said on Saturday. Globally, Samsung has its second largest mobile phone manufacturing unit in India and it is the second largest exporter of the handsets from the country after Apple. "Samsung continues to expand manufacturing of its advanced technology devices in Bharat, driven by talent and innovation. Its research unit in Bharat has more than 7,000 engineers," Vaishnaw said in a social media post. The minister on X posted a photo of his meeting with Samsung Southwest Asia, President and CEO, JB Park and Samsung Southwest Asia, Corporate Vice President, SP Chun. Earlier this year, Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh had said the company is preparing for manufacturing laptops in India. The company continues to make all smartphones that it sells in India including latest flagship smartphones Galaxy Z Fold7, priced in
Export of mobile phones from India increased by 127 times to reach Rs 2 lakh crore in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones "increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. "The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of Rs 8,44,752 crore with exports of Rs 4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. "PLI Scheme for Large Sc
The Congress on Thursday hit out at the Modi government over the "operational problems" related to the National Mobile Monitoring System application in MGNREGA for digital verification of attendance and works, and demanded the immediate withdrawal of the "unworkable" as well as "counterproductive" model. Congress general secretary in-charge communications Jairam Ramesh said FAST is the self-declared motto of the Modi government and it actually stands for - "First Announce Second Think". In May 2022, the Modi government introduced the National Mobile Monitoring System (NMMS) app in MGNREGA for digital verification of attendance and works, and ever since this was done the Congress had been highlighting the operational problems with NMMS and how it was damaging the letter and spirit of MGNREGA, Ramesh said in a statement. "Now in a notification issued on July 8th 2025 the Union Ministry of Rural Development has finally acknowledged the various problems associated with the NMMS. It was
Samsung Electronics reported Wednesday a sharp increase in consolidated revenue for the first quarter thanks to strong sales of its new smartphones, but its semiconductor business suffered a setback. The South Korean semiconductor and smartphone giant said in a statement that it posted 79.14 trillion won ($56 billion) in consolidated revenue for the January-March quarter, calling it an all-time quarterly high. It said its operating profit rose to 6.7 trillion won ($4.7 billion), up from 6.61 trillion won ($4.6 billion) in the same period last year. Samsung attributed the results to strong sales of its flagship Galaxy S25 smartphone and other high-value-added products. However, the operating profit of the company's semiconductor business fell to 1.1 trillion won ($774 million) from 1.91 trillion won ($1.3 billion) in the corresponding quarter last year. The company said its profits were squeezed by falling average sale prices, as well as reduced demand for high-bandwidth memory as .