On September 11, 2024, semiconductor stocks experienced a significant rise following Prime Minister Narendra Modi’s speech at the Semicon India 2024 event. He emphasized India’s commitment to boosting its semiconductor infrastructure and highlighted the country’s potential to become a global leader in chip manufacturing. Modi stated that India holds 20 percent of the world’s talent ...
 "Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.")
Dixon Technologies (India) has recently announced plans to sell its 50% stake in the joint venture AIL Dixon Technologies to Aditya Infotech. The move comes with approval from India’s fair trade regulator, the CCI, which has also cleared Aditya Infotech’s acquisition of a stake in AIL Dixon Technologies. The joint venture specializes in manufacturing electronic ...
 "Huawei’s new Mate XT foldable phone garners 3.6 million pre-orders, overshadowing Apple’s latest iPhone amid fierce competition in China.")
Huawei has launched its new three-way foldable smartphone, the Mate XT, aiming to strengthen its position against Apple in China’s competitive smartphone Market. The device garnered over 3.6 million pre-orders on Huawei’s website, even before its official release on September 20, coinciding with the expected launch of Apple’s latest iPhone model. Despite Huawei’s success in ...
 "Apple unveils the AI-enhanced iPhone 16, igniting competition with Huawei’s tri-fold phone amidst rising consumer demand for advanced features.")
On September 9, 2024, Apple CEO Tim Cook unveiled the highly anticipated iPhone 16 during a special event at the Steve Jobs Theater in Cupertino, California. The new iPhone features advanced AI capabilities and is powered by the new A18 chip, along with a customizable button for enhanced camera controls. As Huawei’s tri-fold phone racked ...
Union Home Minister Amit Shah has been re-elected as the Chairperson of the Parliamentary Committee on Official Language, a role he first assumed in 2019. During a recent meeting in New Delhi, he expressed gratitude for the unanimous support from committee members. Shah highlighted the need to promote Hindi as a working language alongside local ...
 "Ather Energy aims to raise Rs 4,500 crore for expansion amidst India’s booming EV market, despite widening losses and fierce competition.")
Ather Energy, an Indian electric scooter manufacturer, has filed for a ₹4,500 crore (approximately $536 million) initial public offering (IPO) at a valuation of $2.5 billion. This move comes as the company aims to enhance its presence in the booming electric vehicle Market, following the recent IPO of competitor Ola Electric. From the total offering, ...
 "Corporate elites, drawn to the costly allure of padel and pickleball, are transforming India’s athletic landscape amidst luxury and competition.")
Padel and pickleball are gaining popularity among India’s corporate elite, but they come with a hefty price tag. For instance, a high-quality pickleball racquet can cost as much as Rs 45,000, and building a court may set you back over Rs 10 lakh. This trend is highlighted by the presence of a padel court on ...
 "You.com secures M funding, totaling M, to enhance its AI-driven search and productivity tools amid fierce competition.")
You.com, an AI-driven search engine and productivity tool founded by Richard Socher, has successfully raised $50 million in funding, boosting its total to $99 million. The investment round was led by Georgian and included support from notable backers like Nvidia, Duck Duck Go, and Salesforce Ventures. As competition in the AI search Market intensifies with ...
 "Intel Unveils Power-Efficient Core Ultra 200V Processors to Rival Competition")
Intel has recently launched its new Core Ultra 200V series processors, also known as Lunar Lake chips, competing against Qualcomm’s Snapdragon X Elite and AMD’s Ryzen AI 300 series for PCs. These processors promise improved power efficiency while maintaining high performance and application compatibility. PCs powered by this series will receive Microsoft’s Copilot+ features in ...
 "Indian Manufacturing Slumps: PMI Falls to Three-Month Low Amidst Competition")
In August 2024, India’s manufacturing growth slowed to a three-month low, with the Purchasing Managers Index (PMI) dropping to 57.5 from 58.1 in July. Despite the decline, any PMI figure above 50 indicates expansion. The slowdown was attributed to softer growth in new orders and output, partly due to intense competition. However, input cost inflation ...
