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Samsung India Electronics Ltds FY20 standalone net profit was Rs 2,902.30 crore on revenue of Rs 78,651.20 crore, as per data provided by business intelligence firm Tofler. The company gets around 70% of its India revenue, or around Rs 55,000 crore, from the mobile phone segment. The companys India revenue from mobile phones for FY21 is also in the same range, said people aware of the matter.
India smartphone brands double down amid China dominance, COVID-19 delays India brandâs smartphone share has been dismal, at least in the first quarter of 2021. Share To meet the demands of India’s growing mobile-first market, domestic brands are ramping up manufacturing amid mounting challenges—from their Chinese rivals and the constantly changing consumer demand amid delays brought on by the ongoing COVID-19 pandemic. China brands dominating mobile-first India India is considered the next smartphone capital of the world— second to China—with an estimated 820 million users in ...
As India doubles down on local manufacturing to help homegrown brands shine on the world map, domestic smartphone manufacturers are currently facing an iota of problems before they ramp up production and face the mounting Chinese challenge ...
New Delhi [India], April 16 (ANI/NewsVoir): Optiemus Infracom Limited, leading telecommunications enterprise today announced the completion of the acquisition of 27,60,000 (Twenty Seven Lakh Sixty Thousand) Equity shares (19.91 per cent of the total share capital) of Optiemus Electronics Limited, Subsidiary and Joint Venture Company, by way of transfer from Wistron Corporation. Optiemus Infracom Limited already holds 80.09 per cent of the total equity share capital of Optiemus Electronics Limited. Earlier on December 18th, 2020, the Board of Directors of the Company considered and approved th...
Photograph by Rajwant Rawat On March 10, the $274 billion, Cupertino, California-based Apple Inc. announced it is starting production of the 5G-compatible iPhone 12 in India. It appeared like a routine announcement. After all, Apple has been assembling older generation iPhones in India through contract manufacturers since 2017. It wasn't. It might have been a small step for Apple but was a giant leap for Indian manufacturing. India's new Production Linked Incentive (PLI) Scheme to reduce import dependence and promote local manufacturing had lured three of Apple's Taiwanese original equipment...