Reliance Industries’ Jio Platforms, which is involved in businesses ranging from telecom to petroleum, may soon launch satellite internet service in the country. For this, Jio Platforms has formed a joint venture Orbit Connect with Luxembourg’s SES. Billionaire Elon Musk’s Starlink and a unit of e-commerce and technology company Amazon have also launched satellite internet…
Honda Motorcycle and Scooter (HMSI), one of the big two-wheeler companies, has sold 4,82,597 units in June. This is an increase of approximately 59 percent on a year-on-year basis. The company’s exports have increased by almost 70 percent last month. Activa scooter and Shine motorcycle have a major share in its sales. The company may…
The use of Artificial Intelligence (AI) has increased rapidly in the last few years. The AI market is expected to grow rapidly in the coming years. A major reason behind this will be the increasing use of technology by companies and governments. This market is estimated to grow to around $990 billion (about Rs 82,75,424…
In the last few months, the central government and the private sector have taken steps to manufacture semiconductors in the country. In this series, the Tata group has tied up with American semiconductor manufacturer Analog Devices. Tata Electronics, a semiconductor company of the Tata Group, has planned to invest $11 billion to build a laboratory…
Anil Ambani’s company Reliance Infrastructure, which has been facing financial difficulties for the last few years, plans to manufacture electric cars. For this business, Reliance Infrastructure has hired a former executive of China’s EV maker BYD. One from Reuters Report It has been reported quoting sources that Anil Ambani’s company has also hired consultants to…
Licensing will not be implemented for import of computers and laptops in the country. However, shipments of these devices will be monitored. Earlier in August, the central government had announced the implementation of licensing requirement for import of some products including computers, laptops and tablets from November 1. Commerce Secretary Sunil Barthwal told reporters told“We…
The popularity of cryptocurrencies has grown rapidly in the last few years. Governments of some countries have also invested in Bitcoin, the most valuable cryptocurrency in this market. India’s neighboring country Bhutan is also included in these. The government of Bhutan has more than 13,000 bitcoins. The value of these bitcoins is more than 750…
American technology company Google’s Play Store has banned about 22.8 lakh apps last year due to policy violations. Google said that it has also banned about 3,33,000 developer accounts due to malware and repeated policy violations. The company has also implemented new policies to improve user experience on its app marketplace. Google has also informed…
The demand for semiconductors has grown rapidly in the last few years. In India, the central government has planned to promote this segment. Recently, an agreement related to semiconductors was signed with Singapore. Netherlands-based company NXP Semiconductors has informed about investing more than one billion dollars (about Rs 8,400 crore) to double its research and…
Jabil, a supplier of Apple which makes the world famous iPhone, has planned to set up an electronics manufacturing plant in Tamil Nadu. An agreement has been made with the state government for this. An investment of Rs 2,000 crore will be made in this plant. This will create about 5,000 employment opportunities. This agreement…