SoftBank, which owns stakes in many Indian unicorns, is working to harness India’s potential in the AI era. Domestically, India could introduce another incentive to support local electronics manufacturers. An area that Apple is currently researching.
SoftBank CEO Reportedly Visiting India to Harness AI Potential
SoftBank CEO Masayoshi Son visited India for discussions with Prime Minister Narendra Modi and prominent startup executives, focusing on strategies for developing and implementing artificial intelligence.
India would offer $5 billion incentive to boost electronics manufacturing
India is preparing to roll out a new round of incentives of up to $5 billion, aimed at encouraging companies to manufacture electronic components in the country. Designed by India’s Ministry of Electronics, the initiative aims to produce parts for various gadgets, ranging from mobile phones to laptops. The move is part of India’s broader strategy to strengthen its electronics industry and reduce its dependence on Chinese imports.
Apple reportedly seeking Indian manufacturing partners to reduce dependence on China
India reportedly decides to open antitrust investigation against Apple
Apple’s attempt to delay the release of a report saying it was violating competition laws in India has been denied by the country’s antitrust authority, the Competition Commission of India (CCI), according to Reuters, which cited an internal order from the regulator. The decision allows the procedure against Apple to be advanced.
Indian antitrust regulator greenlights Alphabet’s investment in Flipkart
According to a press release issued by the Press Information Bureau of India, the Competition Commission of India (CCI) has given the green light to a major transaction involving the investment in Flipkart Private by Alphabet-owned Shoreline International Holdings. The development marks a significant milestone for Flipkart, a subsidiary of retail giant Walmart, as it continues to expand its presence in the Indian e-commerce sector.
Indian PC market on track for recovery despite slight growth in shipments in 3Q24
As India begins its annual festive season, PC shipments saw slight growth despite a weak consumer market. Acer achieved double-digit growth, driven by strong demand in education and other sectors.