India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Indonesia said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday. Indonesia in November banned sales of Apple's iPhone 16 after it failed to meet requirements that smartphones sold domestically should comprise at least 40% locally-made parts. Indonesia has also banned the sale of Alphabet's Google Pixel phones over a similar lack of use of local components. Indonesian authorities last week said Apple had put forward the investment proposal to lift the sales ban. Apple did not immediately respond to a request for comment. "We have done an assessment and this (proposal) has not met principles of fairness," Industry Minister Agus Gumiwang Kartasasmita told a press conference, comparing the proposal to Apple's bigger investments in neighbouring Vietnam and Thailand. Apple has no manufacturing facilities in Indonesia, but has since 2018 set up application-developer academies, which Jakarta considers a way for the company to meet local content requirement for the sale of older iPhone models. Apple iPhone 16 sales blocked in Indonesia due to local parts rule Companies usually increase the use of domestic components to meet such rules through partnerships with local suppliers or by sourcing parts domestically. Agus said Apple had an outstanding investment commitment of $10 million it should have carried out before 2023. He also wanted Apple to commit to new investment until 2026. The ministry would invite Apple to visit Indonesia to negotiate further, Agus said. Published - November 26, 2024 02:41 pm IST Read Comments
Hyderabad: UK-based Nothing Technology Limited launched its first-ever flagship smartphone, the Nothing Phone (3), in India. The latest device features a 1.5K AMOLED display, a Snapdragon 8s Gen 4 chipset, up to 16GB RAM, up to 512GB storage, and a 50MP triple rear camera setup. It packs a 5,150mAh battery with 65W fast charging support and runs Nothing OS 3.5 based on Android 15. The new handset comes with a transparent back panel and a unique design, and ditches the iconic Glyph interface, replacing it with Glyph Matrix. The Glyph Matrix is a programmable mini-LED screen that can show time, ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47-Year-Old Man Dies by Suicide After Failing to Arrange Funds for Son's Engineering College Admission. ...Read More >
NEW DELHI: Choosing a new smartphone can be overwhelming, especially when we are talking about Apple. The brand continues its tradition of unveiling a new line of smartphones every September, each with a different look and new features. This time, however, Apple has elevated the game, with even its base model featuring a top-notch, almost bezel-less, anti-reflective display and a base storage of 256 GB. So, how can you spot the right model that suits your lifestyle? Here's a simple guide to help you find the model in the new iPhone 17 family that's just for you. The first thing you need to kee ...Read More >
NEW DELHI - Foxconn, the main iPhone maker for Apple, has sent over 300 Chinese engineers and technicians back home from its factories in southern India. This decision started around two months ago, just as Apple was stepping up its efforts to move production away from China. The sudden loss of skilled workers could slow Apple's growth plans in India, especially as the company prepares to start making the iPhone 17 series in 2025. The reasons behind this recall are not clear. Neither Foxconn nor Apple have explained the decision. Industry insiders think it may be linked to China's push to co ...Read More >
New Delhi: Indian-origin business executive Sabih Khan, 58, has been appointed the new chief operating officer of Apple, the tech giant said in a statement on July 8. Praising Khan's commitment and dedication, Apple's CEO Tim Cook said that Khan will make an exceptional chief operating officer. Khan has been with Apple for 30 years. Currently serving as Apple's senior vice president of operations, Khan oversees the company's operations and global supply chain. Announcing Khan's appointment, Apple said that it was part of a long-planned succession. The iPhone maker said in a statement, "Apple ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
New Delhi, December 3: Apple is expected to enter the foldable smartphone market with its first-ever foldable iPhone by 2026. The tech giant delivers premium design and innovation in their products, is reportedly working on a foldable iPhone that could bring a significant shift to its product line. While details remain limited, multiple reports suggest that Apple is focusing on durability, user experience, and integration of advanced features. For several years, there have been many rumours and leaks about the possibility of the first foldable iPhone. It appears that Apple is now looking to t ...Read More >
New Delhi: Shipments in the Indian smartphone market grew 1-5% to about 153 million to 156 million units in 2024, with Chinese brands Vivo and Xiaomi taking the top two slots, pushing Korea's Samsung to third, according to market trackers Counterpoint Research and Canalys. Counterpoint estimates the Indian smartphone market to have grown 9% by value in 2024 to a record high, led by Apple, as more consumers purchased expensive smartphones with 5G and artificial intelligence-enabled capabilities. "2024 began on a positive note, with early growth, steady inventory levels and a favourable market ...Read More >
New Delhi, July 6: Apple is preparing to launch the iPhone 17 series in September 2025, with speculation indicating a release window between September 8 and 10. The series will reportedly include four models the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max. Among them, the iPhone 17 Air may replace the previous Plus model and it is expected to stand out as Apple's slimmest phone. The iPhone 17 Air is expected to have a thickness of about 5.5mm, achieved by removing the USB-C port and other physical connectors. It reflects a strategic evolution in Apple's product design. Addi ...Read More >
New Delhi, July 14: Samsung is reportedly preparing to introduce its next smartphone lineup, the Samsung Galaxy S26 series, which is expected to launch in early 2026. While the official announcement is still far away, speculation regarding the upcoming models from the Galaxy S26 series has already started. The Galaxy S26 series is expected to include the Samsung Galaxy S26, Samsung Galaxy S26 Edge, and Samsung Galaxy S26 Ultra smartphones. Among the upcoming models, the Samsung Galaxy S26 Ultra seems to be attracting the most attention at the moment. The Samsung Galaxy S25 series was launched ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
Kharagpur: A day after 21-year-old Ritam Mondal was found hanging in his hostel room, IIT Kharagpur authorities on Saturday have decided to set up a student-led task force at the wing level of every hostel. This initiative aims to ensure that students themselves remain vigilant about their peers and can report any noticeable behavioural changes to the hall council and hall management committee for prompt action.It is the fourth death in seven months and the fifth in a year that the premier institute has witnessed. IIT Kharagpur has 21 hostels, 16 for boys and five for girls, accommodating more ...Read More >
New Delhi, August 18: Apple is reportedly planning to introduce the iPhone 17 series in September 2025, hinting at a possible September 9 launch date. The series is said to include four models, possibly iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and a new addition called iPhone 17 Air. The Air model is rumoured to be the thinnest iPhone ever made, with a thickness of around 5.5mm. Reports suggest the series could bring design tweaks and hardware improvements. The Pro and Pro Max models may feature a new rear camera arrangement and a repositioned Apple logo, while the standard iPhone 17 migh ...Read More >
Mumbai (Maharashtra) [India], August 26 (ANI): The Indian stock market on Tuesday witnessed a sharp sell-off after the Trump administration issued a notification to impose an additional 25 per cent tariff on Indian imports. The secondary tariffs will come into effect from August 27 and take the total tariff on Indian goods to 50 per cent. Stock markets traded under pressure today and slipped below crucial support levels, derailing the recent recovery momentum. Also Read | Trump's 50% Tariff Takes Effect From August 27: Exporters Worried As Tariff Hike Can Severely Impact India's Exports to t ...Read More >
Mumbai, September 13: Apple iPhone 17 Pro Max has been launched in India at a lower-than-expected price. The smartphone was expected to launch at INR 1,64,900 according to rumors; however, it is priced much lower. The iPhone 17 series launches at a more competitive price compared to previous models. Even the standard model now comes with 256GB storage, priced the same as the iPhone 16. Being a top-end Apple model, it is in high demand in India and globally. Apple has introduced its new Pro series lineup with a rectangular bump on the rear, breaking away from the long-running design. iPhone 17 ...Read More >
New Delhi, July 10: iPhone 17 series is expected to launch globally in September 2025, with a possible announcement event scheduled between September 8 and 10. The lineup will reportedly include four models, the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max. The iPhone 17 series is expected to offer major upgrades in performance, imaging features, display technology, and wireless charging. The iPhone 17 Air could be Apple's thinnest phone ever, replacing the iPhone 16 Plus in the lineup. At approximately 5.5mm thick, the iPhone 17 Air may remove the USB-C port and other physi ...Read More >
New Delhi [India] July 16 (ANI): Driven by falling gold and crude oil shipments, India's merchandise imports show a declining trend in June 2025; however, exports remained flat, said Global Trade Research Initiative (GTRI) in its latest analysis. The June 2025 trade data released by the Ministry of Commerce on Tuesday shows that merchandise exports stood at USD 35.14 billion, a negligible increase of 0.05 per cent compared to June 2024. However, key sectors like electronics exports surged 47.1 per cent to USD 2.8 billion, reflecting rising iPhone and smartphone shipments to major markets, su ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
The upcoming iPhone 17 Pro, expected in 2025, may feature significant design and performance upgrades. Leaks suggest a return to aluminium frames, replacing the titanium used in previous models, alongside a revamped rectangular camera module made of aluminium. The Pro models might also sport a hybrid rear panel with aluminium and glass for enhanced durability and aesthetics. Performance upgrades include the A19 Pro chip, built on TSMC's 3nm process, promising faster speeds and better efficiency. Additionally, the iPhone 17 Pro Max could feature 12GB of RAM, marking a first for Apple’s flagship ...Read More >
New Delhi, July 17: Apple has set a new benchmark in smartphone manufacturing in India, achieving its fastest-ever growth in iPhone production as well as exports during the first half of 2025, the government said on Thursday. The Prime Minister's Office (PMO) took to social media platform X to celebrate the achievement, posting, "Apple harvests record iPhone output from its India orchard," highlighting the country's growing role in global tech manufacturing. According to data by market research firm Canalys, iPhone production in India jumped 53 per cent year-on-year (YoY) between January and ...Read More >
New Delhi, June 20: Vivo is expected to launch its next smartphone from the V-series soon in India. The Vivo V60 launch in India may take place in August 2025. The upcoming Vivo V60 is expected to deliver multiple improvements over its predecessor, the Vivo V50, which launched in India in February this year. Vivo recently launched the Vivo X200 FE in India. It now seems to be preparing for the debut of another smartphone with a focus on photography, possibly the upcoming Vivo V60. As per reports, the Vivo V60 is expected to be available in three colour options, which are said to be Moonlit Bl ...Read More >
Mumbai: Bombay High Court has now got its fifth bench, located in Kolhapur. The HC bench at Kolhapur will start functioning from Aug 18, as stated in a notification issued on Friday."I, Alok Aradhe, Chief Justice of the High Court of Judicature at Bombay, with the approval of the Governor of Maharashtra, appoint Kolhapur as a place at which Judges and Division Courts of the High Court may also sit, with effect from August 18, 2025," the notification dated Aug 1 said. The other benches of the HC are at Nagpur, Aurangabad, and Goa, apart from the principal bench in Mumbai.Lawyers and bar associa ...Read More >
New Delhi, January 13: OPPO is expected to launch its latest foldable smartphone, the OPPO Find N5 soon. The Find N5 is anticipated to launch in February 2025. Early reports suggest the OPPO Find N5 might be the thinnest foldable phone upon its debut, and it may set a new benchmark for design and innovation for the smartphone industry. OPPO has yet to confirm full details, but rumours have provided information on key features of the OPPO Find N5. As per reports, the smartphone could transform foldable technology with its ultra-thin build and upgraded features. Speculation points to its debut ...Read More >
Hyderabad: Apple appears to be getting ready to expand its retail footprint in Mumbai with a second retail store in the city. According to documents accessed by real estate data firms CRE Matrix and Propstack, the tech giant has rented over 12,616 square feet of retail space in Borivali (East), a suburb in Mumbai, for a long-term lease of 10 years and 10 months. The upcoming store, reportedly located on the ground floor of Oberoi Realty's Sky City Mall, will be the fourth Apple Store in India. The company already owns two operational stores in the country -- one in Bandra-Kurla Complex (BKC) ...Read More >
New Delhi, August 4: Vivo Y400 5G is launched today in India. The Y400 5G comes as a mid-range smartphone and includes a large battery with AI features. The Vivo Y400 5G price in India starts at INR 21,999, and the sale of the smartphone will start on August 7, 2025. Vivo said, "The vivo Y400 5G is built to be more than just a smartphone. It is your all-in-one daily companion." The smartphone also features an in-display optical fingerprint sensor with a sleek design. The Vivo Y400 5G is available in two colour options, which include Glam White and Olive Green. While the Glam White variant wei ...Read More >
Bengaluru: Apple Inc is expanding its India presence, having leased several office and retail store spaces across Mumbai and Bengaluru over the last two years, underscoring the country's growing importance as both a consumption hub and manufacturing base for the iPhone maker. According to lease documents reviewed by ET, Apple and its partners have leased or committed to leasing almost a million square feet of prime real estate in marquee business districts and shopping centres since 2023. These ...Read More >
New Delhi, June 8: Apple is likely to introduce its next iPhone lineup, the iPhone 17 series in September 2025. Reports suggest the company will unveil four models this year. These may include the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and a brand-new model expected to be called the iPhone 17 Air. The iPhone 17 Air is rumoured to feature a more compact design and is said to replace the Plus model. The iPhone 17 Air is expected to be Apple's slimmest iPhone so far, with reports suggesting a thickness of 5.5mm. To achieve this ultra-thin design, Apple may introduce some major changes, whi ...Read More >
New Delhi The Department of Telecommunications (DoT) issued an emergency alert to Android and iOS mobile phone users across India on Saturday. The pop-up alert, received by smartphone users first in English around 1pm, followed by a Hindi version around 1:30pm, contained a test message informing the users about the government's initiative. "This is a TEST Cell Broadcast message sent by Department of Telecommunications, Government of India. Please ignore this message. No action is required from your end. 28/06/2025 #002. To STOP TEST messages, Android users can go to 'Settings' - 'Safety and e ...Read More >
NEW DELHI: Despite US President Donald Trump's regular rants about Apple's manufacturing in India, company CEO Tim Cook on Thursday confirmed what is generally now more or less known - the "majority" of iPhones sold in the US in the past quarter were Made in India. China - the erstwhile production giant - is only playing a second fiddle and is used more to service non-US markets.Cook, speaking to analysts post the company's quarterly results, said India has been the mainstay when it comes to producing iPhones for the US, while Vietnam is the location for making other products for America such ...Read More >
NEW DELHI, Sept 26 (Reuters) - Taiwan is seeking to double its exports of chips and electronics to India over the next five to seven years as smartphone shipments from the country ramp up thanks to demand from the U.S., the head of the island's main trade body said. India's smartphone exports to the U.S., which are currently exempt from elevated tariffs, jumped nearly 40% from a year earlier to $8.43 billion in the first five months of the fiscal year that started in April, according to industry ...Read More >