American devices maker Apple’s supplier Foxconn has demanded billions of rupees of outstanding subsidy from the central government under the Production-Linked Incentive Scheme. The government had launched a scheme of more than Rs 41,200 crore to increase electronics manufacturing. Manufacturers were given subsidy in this. Bloomberg’s Report Quoting sources having knowledge of this matter, it…
The Central Government has given incentives in the last few years to encourage electronics manufacturing in the country. Subsidy can be given by the government for electronic component makers. Along with this, tariff on imports can also be reduced. Smartphone manufacturing companies including Apple can especially benefit from this. According to a Bloomberg News report,…
American devices maker Apple has rapidly expanded its manufacturing in the last few years. India’s share in the company’s manufacturing is also continuously increasing. Apple’s iPhone manufacturing in the country has reached $10 billion (about Rs 84,000 crore) between April and October of the current financial year. However, China has a major stake in the…
South Korean electronics maker Samsung has been fined about $118 million in the US for patent infringement. The case concerns technology to improve data processing in high-performance memory chips. Samsung will have to pay this fine to computer memory firm Netlist. Last year also, the company was ordered to pay more than $300 million in…
Electronics manufacturing has increased in India in the last few years. The central government has planned to give incentives worth five billion dollars (about Rs 42,221 crore) to companies in this sector for local manufacturing of components from laptops to smartphones. This will reduce the supply from China. In the last six years, electronics manufacturing…
The business of Sony, one of the big consumer electronics companies, is growing rapidly in the country. Sony’s consumer electronics business can achieve a revenue of one billion dollars in the current financial year. Over the past few years, Sony has diversified its business beyond television. In a media report, Sunil Nayyar, Managing Director of…
The Great Summer Sale of e-commerce company Amazon has started. In this, discounts are being given in many product categories like smartphones, laptops, electronics and appliances. In this sale, headphones of popular brands like Sony, Bose, Sennheiser and JBL can also be purchased at low prices. This Cell Instant discount of up to Rs 3,000…
The Great Summer Sale of Amazon, one of the big e-commerce companies, has started from May 2. In this, huge discounts are being given in many product categories. These include smartphones, laptops, electronics and appliances. In this sale, information about some of the best deals on earphones under Rs 5,000 is being given here. it…
Great Indian Festival sale of e-commerce company Amazon is going on. In this, discounts are being given in smartphones, laptops, tablets, appliances and many other product categories. Bank discounts and exchange offers are also being offered in this sale. In this, we are giving information about the best selling deals on smartphones, smartwatches, tablets and…
Japanese consumer electronics company Sony has increased its revenue and profit forecasts for the current financial year. The company’s music and software divisions have performed well in the first quarter. Sony’s operating profit for the quarter ended June increased to JPY 279.1 billion (about $1.9 billion). It was about JPY 253 billion in the same…
