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Google to manufacture smartphones in India
NEW DELHI:Google's announcement that it will produce its Pixel smartphones in India is poised to reshape the nation's manufacturing landscape. Following Google's launch of the latest Pixel smartphone series, Thursday's development successfully answers critical questions about India's manufacturing future and its ability to attract tech giants. It, however, also leaves several manufacturing requirements, such as manpower issues, to be addressed.
Rick Osterloh, Google's senior vice president of devices and services, has stated that the upcoming Pixel 8 will be the first device manufactured in India, with production set to begin in 2024. While Google has confirmed its partnership with domestic and international manufacturers, the details remain undisclosed.
Union minister for electronics and information technology Ashwini Vaishnaw welcomed Google's decision and made specific requests, stating, "We have asked Google to start manufacturing Tensor chips for Pixel phones in an Indian lab within the next three years. We have also urged them to bring their supply chain partners to India." This aligns with India's ambitious goal of achieving $300 billion in electronics product manufacturing by 2025-26.
This development parallels Apple's push to expand local production of its flagship iPhone devices in India. Tata Electronics, a Tata Group subsidiary, is already involved in manufacturing iPhone casings at its Tamil Nadu facility in Hosur and recently secured orders for the assembly of iPhone 15 and iPhone 15 Plus.
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Finance Minister Sitharaman tables new Income Tax bill in Lok Sabha
NEW DELHI: Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, in the Lok Sabha on Thursday as part of tax reforms aimed at streamlining and simplifying provisions to make them easier to understand and reduce the scope for legal disputes.
The legislation will replace ....
Mongolia's inflation rate climbs to 9.6 pct in January
Mongolia's inflation rate, as measured by the Consumer Price Index (CPI), rose to 9.6 percent in January, up from 9.0 percent in December 2024, local media reported on Thursday, citing official data by the country's National Statistics Office (NSO).
This represents a 2.0 percentage-point....
Rupee on historic decline! Falls 45 paise to Rs 87.95 per dollar
The rupee fell 45 paise to a record low of 87.95 per dollar in early trade on Monday amid the strength of the US currency in foreign markets and a negative trend in domestic stock markets.
Forex traders said the dollar index reached 108 after US President Donald Trump announced a new 25 percen....
RBI cut in repo rate to 0.25%,loan EMI to come down
MUMBAI: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced a reduction of 0.25 percent in the repo rate. The reduction in repo rate has a direct impact on the interest rates of loans and everything from home loans to car loans becomes cheaper.
The repo rate has been reduc....
Budget 2025:No words like inflation and unemployment from Finance Minister: Shashi Tharoor
Senior Congress leader Shashi Tharoor on Saturday termed the Union Budget presented by the finance minister Nirmala Sitharaman as 'disappointing' and said that it only tried to woo voters in Delhi and Bihar, which showed the Bharatiya Janata Party's (BJP) 'short-term thinking'.
He said that a ....
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