Page 9 - Electronics

FMEG major Havells India's positive outlook may be priced in valuations

Management sounded optimistic about growth in FY25

Electronic manufacturers should ensure nation's security interests: IT secy

Electronic component manufacturers should ensure the country's security interests while starting new projects, said Union IT Secretary S Krishnan on Saturday. Ministry of Electronics and Information Technology Secretary Krishnan said the government was opening up on this topic and has been instructing companies to ensure that while designing a project, the country's security interests should be taken care of. "We spoke about this briefly (in the past) and how cyber security is becoming more and more important. This is something I would especially want the senior citizens, here something we need to be extremely careful about on a day-by-day basis," Krishnan said. He made those comments while delivering the 10th G Ramachandran Endowment Lecture on 'Building Economic Resilience Through Technology' organized by the Madras School of Economics and The Southern India Chamber of Commerce and Industry (SICCI) here on Saturday. Elaborating, he said, "With this space (cyber security) getting

Cyient DLM stock surges 13% on strong Q4 show; upbeat FY25 outlook

Earnings impact on Cyient DLM stock price: Stock up 13% after Q4 net zooms 81% in Q4FY24; Stock brokers and company management are upbeat on FY25, FY26 outlook.

Orders for ABB globally fall, drag share price for India-listed entity

ABB India closed at Rs 6,367.20 per share on Thursday, down 4.21%

Powered by iPhone exports, electronics become India's fifth largest export

Apple's iPhone exports alone now constitute 35% India's entire electronics export goods basket

US electronics trade: India lags global peers in plugging China gap

Vietnam has been the biggest beneficiary. It saw an incremental increase in electronics exports worth $39.1 billion between 2018 and 2023

Smart TV prices to go up this year, shipments down 16% in 2023: Report

Prices of smart TVs are likely to increase in the first half of the ongoing calendar year as prices of panels have gone up in the international market, according to a report on Thursday. The brands are likely to pass on the increase in rates, resulting in a hike in smart TV prices, according to the latest research from Counterpoint's IoT Service. However, the report also expects "smart TV shipments to increase by 9 per cent" this year, as the demand for premium models will increase and consumers will likely upgrade to a larger screen. "The push towards online purchases is set to increase as consumers' confidence in online platforms is increasing, which will encourage them to buy premium models from these platforms. The increasing preference for premium TVs will drive the overall market's average selling price (ASP) further," it said. In 2023, India's smart TV shipments declined 16 per cent, impacted by a hit in the first half due to macroeconomic challenges and excess inventory, ..

'Mobile exports to grow to $50-60 bn, electronics sector to employ 2.5 mn'

Mobile phone exports from India will grow more than five-fold to USD 50-60 billion in the coming time from about USD 11 billion last year, Union IT and Communications Minister Ashwini Vaishnaw said on Wednesday. While speaking at a fintech event, the minister said employment in the electronics manufacturing sector will increase from about 10 lakh at present to 25 lakh in the coming days. He said that 10 years ago India imported 98 per cent of mobile phones and at present 99 per cent of the devices are made in India. "(Mobile phones worth) USD 11 billion were exported last year. In the coming days, you will see exports to the tune of USD 50-60 billion. 10 lakh people work in electronics manufacturing. In the coming days, 25 lakh people will work in electronics manufacturing," Vaishnaw said while sharing a presentation on India's growth story. He said India will become the third largest economy by 2027 while it was ranked 11th in 2014. A report published by Jefferies Equity Research

Haier aims to become 2nd largest appliance maker in India: NS Satish

The company expects the AC, TV, and washing machine categories to grow ahead of the refrigerator segment

Prospects of Havells India seen improving; but positives priced in

Havells has established two US subsidiaries in order to develop exports. The company is also eyeing the Middle East

The evenings are hard

Mounting stress upon India's grid engineers

Cabinet clears 3 semiconductor plants with investment of Rs 1.26 trillion

Cabinet approves three more semiconductor units; two in Gujarat and one in Assam

Tamil Nadu contributes to 32% of India's total electronics exports till Jan

The state has been making rapid strides in all areas of industrial growth, primarily due to its connection with stakeholders

India slowly gaining electronics export market foothold from China: Study

The impact is most pronounced in the UK and US, where geopolitical tensions with China have increased in recent years

Can India build a local electronics supply chain free from Chinese firms?

The good news is that the government is now willing to reassess its policy, as it starts discussions with stakeholders for a new PLI scheme specifically for electronic compon­ents

India needs multi-pronged approach for ESDM sector, says PwC India

India needs a multi-pronged approach for the Electronics System Design and Manufacturing (ESDM) sector to leverage the momentum for value chain resilience, as the window of opportunity created by the current geopolitical context is very small, according to a report. "Decisive policy action is the need of the hour," said PwC India's report on 'The India Opportunity: Developing Resilient Electronics Supply Chains'. It noted that India is uniquely placed among global economies, having garnered goodwill as a reliable partner for countries across the world. "The country must now leverage this momentum to ensure that its internal strategy and operations enable it to become future ready. A multi-pronged approach is essential to ensure that the centre of the ESDM sector in India holds firm," the report said. Emphasising that the next decade will be crucial for this, given the window of opportunity for India to be a part of the value chain -- created by the geopolitical context -- is very .

Mass production of LCD displays can start in India in 18-24 months: Innolux

A joint venture of diversified group Vedanta and Taiwan-based Innolux can begin mass production of LCD displays in India in 18-24 months after receiving government approval, a senior official of Innolux said. Vedanta has formed a joint venture with Innolux as a technology partner to set up a display screen manufacturing unit at an estimated cost of USD 3-4 billion in the country. The JV has submitted the proposal with the Ministry of Electronics and IT (Meity) under the programme for semiconductor and display fab ecosystem for incentives. Innolux President and COO, James Yang, who has an experience of project rollout, told PTI in an interview that the JV can begin the first phase of mass production of LCD displays within 24 months. "Once we decide to go, in 18 to 24 months, we can finish the first phase and start the mass production. Phase 2 might take another 6 to 9 months," Yang said. Innolux owns 14 TFT-LCD fabs and 3 touch sensor fabs in Jhunan and Tainan, Taiwan, with product

Workers at Apple supplier Flex's Tamil Nadu plant stage one-day strike

Many electronics manufacturers in India, including Foxconn and Pegatron, lack a union, while automobile factories have higher levels of organising, according to labour welfare workers

Crompton Greaves Q3 results: Net profit falls 3.1% to Rs 85.45 crore

Crompton Greaves Consumer Electricals Ltd on Wednesday reported a 3.1 per cent decline in its consolidated net profit to Rs 85.45 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 88.19 crore in the October-December quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. However, its revenue from operations rose 11.63 per cent to Rs 1,692.69 crore in the quarter under review. It was Rs 1,516.21 crore in the year-ago period. CGCEL's total expenses increased 12.22 per cent to Rs 1,596.90 crore in the December 2023 quarter. The total consolidated income surged 11.17 per cent to Rs 1,709.36 crore. In the December 2023 quarter, CGCEL's revenue from the electric consumer durables segment jumped 18.54 per cent to Rs 1,209.27 crore. However, revenue from lighting products was flat at Rs 249.36 crore. Revenue from its subsidiary Butterfly, which it had acquired earlier last year, was Rs 234.06 crore. Sha

Govt preparing electronics component linked incentive scheme: Meity Secy

The government is working on a new component-linked incentive scheme to encourage the production of electronics parts besides semiconductors, a top government official said on Tuesday. While speaking at the launch of made-in-India Milkyway tablets, Ministry of Electronics and IT Secretary S Krishnan said that the government has been talking to industry for design and make in India products and the other focus has been increasing local value addition. "The private sector is stepping up. We hope in Meity to have a component linked incentive scheme in the coming months which will assist this movement towards making India both a product nation and increasingly a nation that produces more components," Krishnan said. He along with Consumers Affairs Secretary Rohit Kumar Singh unveiled a 4G tablet developed by non-profit organisation EPIC Foundation. The tablet has been designed in India and will be produced locally by electronic manufacturing services company VVDN and JioPhone maker Unit