Page 32 - Surajeet Das Gupta

India share of venture capital funding lowest in 5 years, shows data

While the data shows that the world had 71 new unicorns (21 in Asia), India contributed only two of them, as compared with CY22 when it had 22

A slowing domestic mobile phone mkt presents challenges to Meity's targets

In spite of PLI incentives, India's gap with China, Vietnam is not fully bridged, leaving a gap of 4-5%. However, if tariffs are brought down, ICEA estimates that exports will go up to $50 bn by FY27

High import tariffs of mobile device parts offsetting PLI benefits

The high tariffs have also not helped in pushing localisation, an important goal of the government under the scheme where the aim is to reach 40 per cent value addition by FY27

Flying high: Phone exports near FY23's tally in just 9 months of FY24

iPhones have contributed $7 bn to India's total $10.5 bn exports

Chinese arrivals in Maldives rose to third spot in 2023, shows data

In CY 2023, Chinese footfall jump­ed to the third spot. They are very close to the numbers from India and Russia and may soon soar to the number 1 spot

Hero MotoCorp stake in electric scooter firm Ather Energy capped at 40%

Nikhil Kamath, founder of online stock trading platform Zerodha, who has also taken a stake in Ather, is believed to be willing to bet more in the company. But existing investors are not selling right

Indigo second in the world's top 20 airlines in growth of passenger seats

According to OAG, an aviation analytics company, IndiGo's seats per day rose by 29.7 per cent from 47,738 seats in December 2019 to 61,913 last month

Call of duty: Maruti Suzuki chairman advocates for low car tariffs in FTAs

The govt and Maruti believe the Indian car industry is no longer an infant and can face low-duty imports through FTAs, but not everyone is sure

VinFast's India entry: Tamil Nadu plant may start EV production by 2026

The money for the plant will come from the planned optimisation of its capital expenditure in 2024 and 2025, which will help save over $400 million of cash

Electric vehicle penetration likely to fall short of govt's 2030 plan

Subsidy reduction has hit industry's estimate of 1.2 mn E2W sales in FY24

Chinese brand Transsion rings a bell in India's smartphone market

In 2023 (CY23), Shenzhen-based Transsion won 8.6 per cent of the Indian smartphone market, according to data from Counterpoint Research

No reason for high tariffs on cars from UK, EU: Maruti Suzuki's RC Bhargava

Maruti Suzuki chief says costs of many models 20-30% lower in India

Indians downloaded 26 billion apps on mobile devices in 2023, shows data

Among app categories, gaming led the download numbers with 9.3 billion, followed by social (over 2.36 billion), and photo and video (1.86 billion)

Rs 26,400 cr on the cards for FAME-III, Rs 200 cr to support e-tractors

Further discussions on basic contours of scheme are currently ongoing. Focus of proposed scheme will clearly be on enhancing electric-based and environment-friendly public transportation in country

Ola Electric consolidates electric two wheeler leadership with market gain

India's overall electric two-wheeler market in 2023 fell short of the one million mark

Investments worth Rs 14 trillion in the works for rail overhaul: Vaishnaw

We are increasing the passenger capacity to 10 billion. By 2030, waiting lists will not exist, said Ashwini Vaishnaw

Electronics exports propelled by mobile show sharpest surge in top 10 club

Electronics exports up from sixth to fifth position this financial year

India 15th in top 25 AI nations but has 'greatest upward potential'

Dean of global business at the Fletcher School also believes that, with capital coming into India, it bodes well for AI startups but only if regulation is in place

Top guns not blazing in electronics sector, gain in low-cost device segment

The share of the top five in the volumes of smartphone sales has fallen from 80% in 2022 to 73% as projected for this year even as the overall market has slipped by 2%

NITI plans to boost India's electronics, auto global value chain share

In talks with industry, Centre, states for 4-pronged strategy