Acer India has partnered with Plumage Solutions to inaugurate a new laptop manufacturing facility in Puducherry, developed under the Government of India’s Production Linked Incentive (PLI) Scheme for IT Hardware. The collaboration marks a significant milestone in Acer’s commitment to the ‘Make in India’ mission and strengthens domestic IT hardware production. Continue reading “Acer opens Puducherry facility to strengthen Make in India and domestic production”
India has ordered Samsung and its executives to pay $601 million (Rs. 5,174 crore approx.) in back taxes and penalties for evading tariffs on telecom equipment imports, marking one of the largest such demands in recent years, a government order cited by Reuters reported. This hefty fine targets the South Korean giant’s practices in a key market where it dominates consumer electronics and smartphones. Continue reading “Samsung faces $601 million tax penalty in India over import duties: Report”
Apple has initiated discussions with Bharat Forge, part of the Kalyani Group, to potentially include the company as one of its suppliers in India, according to a report by ETTelecom. Continue reading “Apple eyes Bharat Forge for component manufacturing in India: Report”
Apple has reached a significant milestone with its iPhone production, achieving a freight-on-board (FOB) value of $10 billion between April and October 2024. Continue reading “iPhone production surges to $10 billion in India in 2024”
