New Delhi, March 10 (IANS) The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector. While 78 percent of all the mobile phones sold in the country in 2014 were imported, about 97 percent of the mobile phones are now manufactured in India. According to the industry body, India Cellular & Electronics Association (ICEA), mobile phone production, in value terms, surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold increase. Cumulatively, over 245 crore mobile phone…
Author: admin_fijitimes
New Delhi, March 10 (IANS) India and the four-nation EFTA bloc of European nations signed an economic agreement on Sunday India and the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland and Liechtenstein, signed an economic agreement on Sunday which will step up trade and foreign investment, capping nearly 16 years of negotiations, Commerce and Industry Minister Piyush Goyal said after the signing ceremony. The Trade and Economic Partnership Agreement (TEPA) is a binding agreement for the EFTA nations to invest $100 billion over 15 years in India, the world’s fastest growing economy, Goyal said. Switzerland’s Economic Affairs Minister,…
New Delhi, March 10 (IANS) Government’s ‘Sangam: Digital Twin’ initiative, which was unveiled last month by the Department of Telecommunications (DoT), is a technology that offers a solution by creating virtual replicas of physical assets, allowing for real-time monitoring, simulation and analysis for experimental iterations and feedback loop to adapt to the changes for achieving the best outcomes Department of Telecommunications (DoT), is a technology that offers a solution by creating virtual replicas of physical assets, allowing for real-time monitoring, simulation and analysis for experimental iterations and feedback loop to adapt to the changes for achieving the best outcomes. This…
Mumbai, March 7 (IANS) In an industry where films have traditionally been scripted around men, and woman-centric films have been the exceptions rather than the rule, a new generation of directors and screenwriters have overturned the gender imbalance, and delivered successful films centred around female protagonists. On the eve of International Women’s Day, here’s a selection of seven Bollywood films that celebrate woman power. ‘Gangubai Kathiawadi’, Alia Bhatt (2022): The Sanjay Leela Bhansali film, a biopic based on the life of ‘mafia queen’ Gangubai Kothewali, is centred around Alia Bhatt’s character, who was cheated and sold to a brothel in…
New Delhi, March 6 (IANS) The GDP forecast upgrade by Moody’s and India’s inclusion in the Bloomberg bond index have added to India’s growing importance in the global economy. Earlier this week, global ratings agency Moody’s raised India’s GDP growth projection for CY24 to 6.8 per cent, as against the 6.1 per cent projected earlier. Bloomberg on Tuesday announced the inclusion of India FAR bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index. “This is an important marker in the development of India’s financial markets and a reflection of India’s growing importance in the global economy,” said Michael…
New Delhi, March 7 (IANS) Global technology company HCLTech and digital workflow company ServiceNow on Thursday announced a partnership to deliver new generative artificial intelligence (genAI)-led solutions to enterprises. According to the company, the new offering will help enable enterprises to adopt ServiceNow’s genAI capabilities across the business quickly and efficiently. “HCLTech’s differentiated portfolio and engineering heritage positions it to deliver practical and customised genAI use cases to clients as they move forward with their digital transformation agendas,” C Vijayakumar, CEO & Managing Director, HCLTech, said in a statement. Under this partnership, HCLTech will offer consulting, design, implementation, and managed…
New Delhi, March 7 (IANS) India is now home to more than 8,000 startups that have women founders with a cumulative funding of nearly $23 billion till now, a report showed on Thursday. Women entrepreneurs’ share of startups in the Indian tech industry exceeds 18 per cent, and among funded companies, the share is more than 14 per cent, according to the report by Tracxn, a leading market intelligence platform. Women-led startups represent a significant 14.8 per cent share of the overall Indian tech funding pie at nearly $155 billion. The Delhi-NCR region takes the lead in terms of the…
New Delhi, March 7 (IANS) India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year (FY24) — a whopping 7,500 per cent increase in exports over a decade — top electronics industry body India Cellular and Electronics Association (ICEA) said on Thursday. The industry had set itself a target of Rs 20 lakh crore worth mobile phone production over the last 10 years (2014-2024). “It finished the decade at Rs 19,45,100 crore cumulative production. In…
New Delhi, March 2 (IANS) Meta-owned WhatsApp banned over 67 lakh bad accounts in India in the month of January, in compliance with the new IT Rules 2021 Between January 1-31, the company banned “6,728,000 accounts”. About 1,358,000 of these accounts were proactively banned, before any reports from users, WhatsApp said in its monthly compliance report. The most popular messaging platform, which has over 500 million users in the country, received another record 14,828 complaint reports in January in the country, and the records “actioned” were 10. “Accounts Actioned” denotes reports where WhatsApp took remedial action based on the report…
New Delhi, March 3 (IANS) Obesity, a known precursor for many conditions like diabetes, hypertension, mental health and cancers, must be efficiently controlled to curb these non-communicable diseases, said experts here on Sunday, a day ahead of World Obesity Day. World Obesity Day is observed every year on March 4 to raise awareness about the condition and its implications. A recent global analysis, published by The Lancet, showed that every eighth person or more than 1 billion people worldwide are living with obesity. While 43 per cent of adults were overweight in 2022, the numbers more than doubled worldwide in…