Mobile Phone

Debt-ridden Vodafone Idea to raise Rs 2,000 cr from Vodafone Group

Debt-ridden telecom firm Vodafone Idea on Thursday said its board will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group's announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. " a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing. British telecom firm Vodafone's 3 per cent stake in Indus Towers is valued at around Rs 2,800 crore. The company had announced that after settling the debt, it intends to contribute the residual proceeds from the placi

Apple rings in $10 billion in iPhone production freight on board

This equates to a $15 billion market value, with 70% exported

Mobile industry calls for bigger air cargo capacity amid export surge

Mobile phone players want Indian airports to ramp up their existing cargo handling capacity to support a projected eight-fold increase in device exports to USD 180 billion by 2030, industry body ICEA said. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo told PTI that the turnaround time at customs is a major hurdle for the electronics industry which delays shipments' processing further. "In China, while the factory to export take-off from the cargo terminal is achieved on Day 1, in India, the export take off happens only by Day 2. This is a glaring chasm especially when seen in the context of the volume of exports which in the case of China is more than 30 times electronics output (USD 959 billion) compared to India (USD 29 billion) in 2023," Mohindroo said. Electronics is already India's largest export in air cargo while it's ranked third overall behind engineering and petrol. "To keep pace with the expected growth in exports, concerted efforts are need

French Ambassador Mathou's mobile stolen; files e-complaint, 4 arrested

Delhi police arrested four people who reportedly stole the mobile phone of French Ambassador Thierry Mathou. The device has also been recovered

Half of India to have 5G mobile subscribers by 2030, projects GSMA

This unprecedented growth in 5G subscribers in India will also lead to a massive expansion of data consumption, impelling Indian telcos to make large investments

After 37-day strike, bonhomie in sight at Tamil Nadu Samsung plant

Employees were told to return to work from Monday onwards

IAEA interested in mobile irradiators developed by India: DAE official

The International Atomic Energy Agency (IAEA) has shown interest in mobile irradiators developed by India which can be used to prolong the shelf-life of food products, a top official said on Tuesday. An India-made mobile irradiator was demonstrated at the IAEA office in Vienna last month, said Department of Atomic Energy secretary A K Mohanty at an event here. "The IAEA is interested. If India or BRIT (Board for Radiation and Isotope Technology, a wing under the DAE) can make more (mobile irradiators), the IAEA can install them in other countries. The Director General of IAEA has written that he will be visiting (India) and if we can give him a few samples, the IAEA will put these in other countries which they need more," he said. Irradiators are useful for prolonging the shelf-life of food products and minimising crop loss, Mohanty said, adding that the technology would be especially useful in countries like Ghana where ginger is a cash crop (and needs preservation). At the event

PLI investment in mobiles, production surpasses target: IT secretary

Investment in mobile phone manufacturing under the PLI scheme as well as production has surpassed the targets, Electronics and IT Secretary S Krishnan said on Wednesday. Addressing reporters on the completion of 10 years of Make In India initiative, the official said the overall production of electronics in India has increased to Rs 9.52 lakh crore with an annual compounded growth rate of 17.4 per cent from Rs 1.9 lakh crore in 2014-15, he said. "If you look at what the PLI scheme has done in the mobile sector, the overall production we have reached is far in excess of the target. We have reached Rs 6.61 lakh crore is the total value of production, well above the target that has been set. The overall investment has been Rs 9,100 crore, which is again well above the target," Krishnan said. The government had set a target of Rs 7,000 crore cumulative investment during the five-year scheme period and Rs 5,488 crore till 2023-24, according to official data. The mobile PLI scheme set a

Competition heats up: Samsung goes to war, cuts prices to dare Apple turf

South Korean mobile giant drops price of flagship S24 range by 15-35% to duel iPhone 16

Samsung's Sriperumbudur strike may impact India's manufacturing: GTRI

Besides, foreign investors are closely watching the situation at Samsung, and concerns over prolonged labour unrest may lead them to reconsider their plans in India

Meity may not change value addition target for mobiles under PLI scheme

A majority of global vendors of mobile phones and electronics are located in China. Most of them are Chinese companies

Apple, mobile devices charge up 22% growth in electronics exports

Apple's contribution to electronics exports has grown steadily over the years

Nokia mobile networks assets said to draw Samsung's preliminary interest

The Finnish company has been having discussions with advisers about potential options for its mobile networks business, which has struggled for years to compete with larger rivals like Huawei

JioBharat J1 4G with pre-installed Jio apps for UPI, TV, and more launched

The JioBharat J1 4G is available on Amazon India at Rs 1,799. The feature phone is offered in sole dark grey colour

How basic customs duty cut on mobile phones will affect cost benefits

Smartphones like Google Pixel and some iPhone Pro models are likely to get some benefit out of the rationalisation

Nokia reports double-digit Q2 profit drop, expects better second half

Wireless and fixed-network equipment maker Nokia Thursday reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology. The Espoo, Finland-based company reported a net profit of 328 million euros (USD 359 million) for the April-June period, down 20 per cent from 409 million euros (USD 447 million) a year earlier. Net income attributable to shareholders was 325 million euros (USD 355 million), down from 410 million euros a year earlier. Similarly to its Nordic rival Ericsson of Sweden, Nokia has suffered in the past year from operators cutting back on investments into 5G and other telecom technology because of economic uncertainty and high financing costs. Our financial performance in the second quarter continued to be impacted by the ongoing market weakness with net sales declining 18 per cent year-on-year in constant currency, Nokia CEO Pekka Lundmark said in a statement. Nokia's sales

DoT suspends 24,229 fraud mobile connections linked to three numbers

Many of the mobile numbers found in the latest reported cache of connections showed suspected activity and have been disconnected in one go, officials said

Indkal Technologies inks deal with Acer to manufacture, design smartphones

Indkal Technologies will launch a "wide range of smartphone models" under the Acer brand in mid-2024, with a focus on smartphones priced between Rs 15,000 to Rs 50,000, the company said

Nothing shares glowing first look of Phone 2a Community Edition: Check here

Announcing the Stage 1 winners of its Community Project Edition, Nothing unveiled the Phone 2a concept with green-tinted phosphorescent material on the back that it said emits a soft glow in the dark

Revoke licences of POCO OnePlus for anti-trade practices: Retailers to CCI

The All India Mobile Retailers Association (AIMRA) said POCO and OnePlus are violating national regulations and statutes, attributing them as the primary source of various trade issues