India wants to become a hardware giant with 40 billion and 27 partners
The Indian government has approved 27 partners who will build hardware in India. Participants include HP, Dell, Foxconn, Lenovo, Acer and Asus. With the new Production Linked Incentive (PLI), a market value equivalent to 40 billion euros would be realized.
With the so-called PLI, India expects t... Read more
Tim Cook visits NXP: ‘Sufficient competition on wireless payment market’
Tim Cook, CEO of Apple, says there is sufficient competition within the European wireless payment market. As far as he is concerned, the EU does not need to impose sanctions on Apple Pay in regard to antitrust regulation. In addition, the Apple top executive indicates that the tech giant will maint... Read more
AWS to invest billions in Indian cloud infrastructure
AWS is planning to splash cash on cloud infrastructure in India. The investment will add thousands of full time jobs as well as important skills training for Indian nationals.
Amazon Web Services (AWS) has announced it plans to invest INR 1,050,600 crores (€11.75 billion) into cloud infrastruc... Read more
India follows EU and demands USB-C charging port on smartphones
By March 2025, all smartphones and other mobile devices offered in India must include a USB-C charging connector as standard.
That comes three months after Europe announced a similar deadline, voting in October to mandate USB-C charging connections in almost all electronics sold in the... Read more
Indian IT outsourcers crack down on moonlighting
The companies fear that widespread moonlighting may leak trade secrets to rivals.
India’s IT outsourcers have started cracking down on moonlighting among workers out of fear that staff will share corporate secrets with rivals, according to a report in the Financial Times.
Many outsourcers, ... Read more
Wipro and Infosys execs under investigation for insider trading
The Indian regulator is turning up the heat on two executives who may have illegally traded Infosys shares.
Markets regulator Sebi on Monday passed a confirmatory order (pdf) against an Infosys employee and his connected person, who was an employee of Wipro Ltd, in a matter related to alleged in... Read more