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The company achieved profitability in Q4FY24, marking a significant turnaround after nine consecutive quarters of net losses. Revenue from operations during this period came in at ₹1,171 crore, representing a remarkable 343% year-on-year increase.
India has notified the rules and incentives for the PLI Scheme 2.0 for IT Hardware. Companies interested can apply from June 1, 2023.
India has approved the 'PLI Scheme 2.0 for IT Hardware' with a budget of INR 170 billion. This follows industry feedback for enhanced outlay.
There's some way to go, but India hopes to build its own world-class mobile phone industry.
DoT extends telecom PLI scheme to 42 companies with outlay of Rs4,115 cr