Page 47 - Surajeet Das Gupta

India tops airfare spike in APAC, West Asia study, shows research

The study says that airlines are capitalising on low competition and pent-up demand to increase profits and recover losses suffered during the Covid-19 pandemic

Plea to I&B on smoking, tobacco warning: Prevent authority duplication

The OCCPs' letter argues that the I&B Ministry drafted the IT rules of 2021 only after a detailed study of global best practices, making them well-founded

Uber gears up for an electric vehicle future amid rising competition

It has drawn up plans to include more electric vehicles in its fleet by tying up with manufacturers, fleet owners and charging stations

Smartphones break into top-5 club in exports; value nearly doubled in FY23

Up from 9th spot in HS code ranking

Swedish furnishing major IKEA to bring in funding arm, expand retail biz

The Ingka Group has deployed the first tranche in opening IKEA stores in Hyderabad, Bengaluru, and Navi Mumbai apart from some smaller city stores in Mumbai

Administrative spectrum allocation in sync with SC's order: SpaceX to Trai

In mobile services, the allocation of spectrum is exclusively for the use of the operator

Semicon policy: India aims to leverage potential of high-growth chip market

MeitY eyes a more robust response to a reoriented incentive scheme based on stakeholder feedback

Govt's 20% TCS policy unfair on domestic operators: Travel agents

Overseas travel firms have been granted exemption of up to Rs 7 lakh before TCS kicks in; no such benefit for domestic ones

Auction spectrum by districts to satellite operators, Jio tells Trai

For spectrum which would be required to connect user terminals (like individual homes), Jio has suggested it should be auctioned frequency-wise and exclusively to an operator at a pan-India level

Govt in talks with US-based Micron Technology for semiconductor fab factory

The $30.8 billion Micron has 11 manufacturing sites spread across the US, Japan, Malaysia, Singapore, Taiwan and China

Betting big: Global subsidy race puts a spanner in India semicon works

But other countries are also ramping up their chip manufacturing plans

Govt invites new applications for semiconductor manufacturing unit

New applications for setting up semiconductor fabrication units in the country can be made from June 1

Conventional 2W makers take prime spot in EV sales, courtesy Bajaj, TVS

Ola has said it is ramping up its two-wheeler capacity from 500,000 to 2,000,000 with incremental investment

Tesla's U-turn on India in search for new EV manufacturing destination

With plans to import and sell cars off the table, Elon Musk's flagship is exploring the challenging prospect of an assembly plant for a cheaper electric vehicle

E-com firm Meesho hints at IPO in 2025; focus shifts to generating profits

In FY22, Meesho saw its revenues jump 4.5 times year-on-year to Rs 3,232 crore, while its losses rose even more steeply by 7.5 times to Rs 3,247 crore

Ola Electric gears up for India's largest automotive IPO by early 2024

Ola Electric founder Bhavish Aggarwal owns about 40% stake in the firm at present

BSNL looks to ring in 100 million 4G customers in a couple of years

Bharat Sanchar Nigam Ltd (BSNL) and MTNL have a combined 105 million total telecom subscribers, or around 9.1 per cent of the total market, though they are 2G or 3G users.

SoftBank eyes five Indian start-ups; may invest up to $100 mn in each

SoftBank also looking at secondary-sale opportunities in growth firms that have postponed their IPO plans

PC shipments fell by 30% in first quarter, notebooks fared the worst

The hope is that global companies like HP, Dell, Acer, Asus, and Lenovo will move their production to India by giving contracts to EMS players

Ola Electric secures $300-million funding at $6-billion valuation

In the previous deal, Ola Electric had raised $200 million from investors like Tekne Private Ventures, Alpine Opportunities Fund, and Edelweiss