Tag Archives: Local

Qualcomm Design in India Challenge II Announced Alongside Local Expansion Plans

Global chip maker Qualcomm on Tuesday announced investment of $8.5 million (roughly Rs. 57.7 crores) for expansion of its design initiatives in India, which would primarily include funding its Innovation Labs at Hyderabad and Bangalore. A portion of the investment earmarked for design initiatives will also be utilised for its Design in India Challenge 2017, a programme that nurtures promising ... Read More »

Apple Said to Be Meeting Inter-Ministerial Panel on January 25 to Discuss Local Manufacturing

A team of the US-based iPhone maker Apple will meet a group of senior officials from ministries, including IT and finance, on January 25 to discuss its demands for setting up a manufacturing unit in the country. Officials from departments of commerce, industrial policy and promotion (DIPP), revenue, environment and forest, electronics and information technology (DeITY) will take part in ... Read More »

Axis Bank Denies Local Media Report Of Threat To Its Banking Licence

Axis Bank said it has strong systems and controls in place as per central bank rules. Mumbai: Axis Bank on Monday slammed a regional newspaper report stating authorities were preparing to revoke the bank’s licence as “false and malafide”, saying it had strong systems and controls in place as per central bank rules. Axis, India’s third-biggest private sector bank, said ... Read More »

government Says No to Apple local Sourcing Waiver: report

India has said Apple Inc have to meet a rule obliging foreign stores to promote at least 30 percent domestically-sourced goods if it needs to open stores within the country, a senior authorities respectable told Reuters. Apple is hoping to expand its retail presence in India, one of the world’s quickest-developing cellphone markets, at a time while sales within the ... Read More »

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India. “The company has sought permission from the Department of Industrial Policy and Promotion (DIPP)for opening single brand retail trading (SBRT) in India. They also want exemption from the mandatory local sourcing norms,” sources said. When ... Read More »

DoT May Make It Mandatory for Mobiles to Support Local Languages

The Department of Telecom (DoT) is likely to come out with regulations in 3-4 months that will make it mandatory for mobile phones to support Hindi and at least one regional language. The move is aimed at making users communicate in local languages and access government services like e-payment through mobile phones. “Three months down the line, there will be ... Read More »