Latest news with #SurajeetDasGupta
&w=3840&q=100)
Business Standard
12 hours ago
- Business
- Business Standard
Maruti has magnet stock till July, looking for alternatives: Chairman
R C Bhargava says commercial battle helps neither Indian nor Chinese companies Surajeet Das Gupta Delhi Listen to This Article Maruti Suzuki has stocks of rare earth magnets imported from China that will last only until the end of July. The company will prepare a contingency plan, including exploring alternatives, if the ongoing issue remains unresolved by then. Asked about the impact of China not clearing imports of rare earth magnets — an item for which automotive companies must now seek a licence — Maruti Suzuki Chairman R C Bhargava said: 'We have stocks of rare earth magnets till July-end, and everyone, including us, is hopeful that China will resume supplies. We are also looking at alternatives, but there is
&w=3840&q=100)
Business Standard
12 hours ago
- Business
- Business Standard
Apple in talks with home-grown companies to produce iPhone gears
The move is significant, as the import of critical capital equipment and machines - mostly made in China and essential for assembling the latest phones Surajeet Das Gupta New Delhi Listen to This Article US-based technology giant Apple Inc is in talks with home-grown companies to manufacture capital equipment and machines required to make iPhones in India. These machines would then be supplied to the company's iPhone vendors in the country as they expand capacity and launch new phones. The move is significant, as the import of critical capital equipment and machines — mostly made in China and essential for assembling the latest phones — is currently facing indefinite delays at ports. The effort to identify potential local suppliers would help reduce business risks. Confirming the development, a senior Ministry of Electronics and Information
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Lenovo will double output of Make-in-India devices in 2 years: Katyal
We assembled 6.4 million Made-in-India devices across segments in 2023-24. We doubled it in FY25, Shailendra Katyal, Lenovo India vice-president and managing director said Surajeet Das Gupta Listen to This Article It is the largest personal computer (PC) player in the world and holds the second spot in India in terms of market share. Its smartphones under the Motorola brand name are already among the top 7 in terms of sales in the country and are also exported to North America. Shailendra Katyal, Lenovo India vice-president and managing director, shares the company's India strategy in an interview in Bengaluru with Surajeet Das Gupta. Edited excerpts:
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Taiwanese electronics giant Foxconn's India share in global assets hits 11%
From outside the top 5 to third place globally in two years, India now outpaces Taiwan, US, and Mexico Surajeet Das Gupta New Delhi Listen to This Article Taiwanese electronic manufacturing services giant Foxconn (Hon Hai Technology Group) has recorded its fastest global growth in India, with the country's share of the company's non-current global assets rising fourfold in just three years and more than doubling in the last two. Over the same period, however, its asset share in China has gradually slid. According to global research by S&P Global Ratings, Hon Hai's India share of global assets stood at just 2.6 per cent in 2022 — the year the production-linked incentive scheme for mobile devices was launched. This figure has since sharply risen to 10.8 per cent
&w=3840&q=100)
Business Standard
4 days ago
- Automotive
- Business Standard
IT companies, BPOs set target of 100% electric vehicle cab fleet by 2030
The target is rather ambitious. It means converting 95 per cent of the existing fleet of over 900,000 cabs, which transports corporate employees from home to office and back Surajeet Das Gupta New Delhi Listen to This Article Most global and Indian corporates in the information technology/IT-enabled services (IT/ITES), business process outsourcing (BPO) and knowledge process outsourcing (KPO) spaces — which offer transport services to their employees —want all their cabs to be electric vehicles (EVs) by 2030. The target is rather ambitious. It means converting 95 per cent of the existing fleet of over 900,000 cabs, which transports corporate employees from home to office and back. The figure is 90 per cent in the case of five cities — Benguluru, Chennai, Hyderabad, Pune and Delhi-NCR, as they have a higher EV penetration.
