American company Apple, which makes the worldwide popular iPhone, is facing difficulties in the sale of its smartphones in Indonesia. Indonesia has also banned the sale of the company’s recently launched iPhone 16. To deal with this problem, Apple has offered to increase its investment in Indonesia by almost 10 times. According to Bloomberg report,…
Reliance Jio, one of the big telecom companies, has said that with its True 5G network, smartphone battery can last up to 40 percent longer. The company uses a standalone architecture along with other technical features for its 5G services whereby the bandwidth of the spectrum is specified according to the application. This improves the…
The scope of investigation by the Enforcement Directorate (ED) has increased against big e-commerce companies Amazon and Flipkart due to alleged violations of laws related to foreign investment. Under this investigation, ED may soon send summons to senior executives of Amazon and Flipkart. These companies say that they follow the laws of the country. However,…
Billionaire Mukesh Ambani is planning to launch an initial public offering (IPO) of his telecom business Reliance Jio. Analysts have put the valuation of this telecom company at more than 100 billion dollars (about Rs 8,41,090 crore). After this, Reliance Industries (RIL) can also list its retail unit in the stock market. About five years…
American devices maker Apple is preparing to increase the communication services of its iPhone. For this, the company will invest about $ 1.5 billion in Globalstar, which provides satellite communication solutions. In this, Apple will give about $ 1.1 billion in cash to Globalstar and will buy about 20 percent stake for about $ 400…
Toyota Kirloskar Motor (TKM), one of the big automobile companies, will set up its third plant in the country in Karnataka. For this, the company signed an MoU with the Karnataka government on Tuesday. With this, Toyota’s production capacity can increase by one lakh units. The company said that it will invest about Rs 3,300…
Tata Group, which is involved in business ranging from automobile to software, has applied to set up a semiconductor processing plant in Assam. An investment of Rs 40,000 crore will be made in this project. In the last few years, companies in some sectors like automobile have faced difficulties due to semiconductor shortage. Assam Chief…
Despite the volatility in the crypto market, the interest of investors in it is increasing. Software companies have also started betting in this segment. After MicroStrategy, Microsoft, one of the big software companies, can also invest in Bitcoin. The company has sought feedback from its shareholders for this. Microsoft has given this information in a…
There may be a process of licensing in providing spectrum for satellite internet services in the country. With this, the companies providing these services will not have to bid for spectrum. This could be beneficial for Starlink, the company of the world’s richest man Elon Musk. Starlink had lobbied against the auction for this spectrum….
Last year, wholesale sales of Toyota Kirloskar Motor (TKM), one of the big automobile companies, increased by about 46 percent to about 2.33 lakh units. The company’s models like Fortuner and Urban Cruiser Hyrider have been helpful in increasing its sales. TKM’s domestic sales in December stood at 22,867 units, an increase of nearly 119…