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Smartphone brand realme on Monday said it will export 'make in India' smartphones to Nepal from the ongoing third quarter, as the fastest-growing company aims to be among the top 2 smartphone brands in the neighbouring country by 2022.
Business Standard
Tata Motors has also established itself as the frontrunner in the EV space, a journey it started 3 years ago, with the R&D support from Jaguar Land Rover. The EV version of its Nexon has helped it to fast- track penetration in the personal EV space, something which the competition has not been able to do successfully.
The U.S.-based manufacturer is planning a vertically integrated thin-film solar module manufacturing facility in India. The factory will likely be built in Tamil Nadu and become operational in the second half of 2023.
PV Magazine
The use of hydrogen power for mobility is an "interesting alternative" for India, especially as it would reduce dependence on lithium imports, the chairman of Maruti Suzuki, said India's top-selling carmaker.
Reuters
The upcoming Punggol Digital District (PDD) project will feature four global firms, as well as SIT's new campus. As for Bosch, the German company has established its regional HQ and innovation hub, Grow.
Human Resources Online
Ola's entry into the online automobile retailing comes at a time when the segment has received increased investor attention.
Inc42
India's smartphone shipments grew 82% on year to reach over 33 million units in first-quarter 2021, according to the latest research from Counterpoint.
Counterpoint
American electric vehicle maker Tesla may set up manufacturing unit in India if it first succeeds with imported vehicles in the country, according to company CEO Elon Musk. He, however, said at present import duties in India are "the highest in the world" and is hoping for "at least a temporary tariff relief for electric vehicles."
The Economic Times
The collaboration is part of Airtel's 5G roadmap for India as it transforms its networks to allow its customers to reap the full possibilities of the hyperconnected world where Industry 4.0 to cloud gaming and virtual / augmented reality become an everyday experience
livemint.com
Saankhya's core BRH product, which is already certified by US Federal Communications Commission (FCC), enables convergence of broadcast and mobile broadband networks, allowing digital terrestrial broadcasters to boost their reach and, potentially, market share.
ETTelecom
Samsung Electronics is looking to expand its mobile device manufacturing capabilities in Pakistan. The company has reportedly entered an agreement with Lucky Motor Corporation - a joint venture by Lucky Corp. and Kia Motors - for the purpose of manufacturing phones locally.
SamMobile
The company behind Indian mobile-payment app Paytm plans to raise up to US$2.2 billion through one of India's largest-ever initial public offerings, capitalizing on a boom in the country's stock market.
Wall Street Journal
Vietnamese factories serving Samsung and a major Nike and Adidas supplier have suspended operations after detecting cases of coronavirus at their facilities, the country's health ministry said on Wednesday.
Nikkei Asia
The UK's largest chip maker based in Newport has been bought by Nexperia, which is wholly-owned by Chinese tech firm Wingtech for 瞿65m.
BusinessLive
Twitter no longer enjoys the liability protection against user-generated content in India, the government has indicated in a court filing, as tension escalates between the two over the South Asian nation's new IT rules.
TechCrunch
Tata Motors is steering its underlying business toward sustainability, promising to bring 10 battery-powered vehicles to the Indian market by 2025 after having set the same deadline globally for a fumes-free Jaguar range.
The Economic Times
China's Internet regulator has ordered app stores to stop offering ride-hailing company Didi Chuxing's app.
BBC News
A global shortage of semiconductors is continuing to put the brakes on Japan's car-manufacturing industry.
NHK World
Vietnam is asking Samsung Electronics and other foreign companies to find Covid-19 vaccines for their workers as the nation grapples with a virus surge, the government website reported.
Bloomberg
Production of some MacBooks and iPads has been postponed due to the global component shortage, Nikkei Asia has learned, in a sign that even Apple, with its massive procurement power, is not immune from the unprecedented supply crunch.
Nikkei Electronics Asia
Apple is slashing its planned production of the iPhone 12 mini for the first half of this year as part of a broader adjustment to output plans it formulated late last year, Nikkei Asia has learned.
Nikkei Electronics Asia
The European Union is considering building an advanced semiconductor factory in Europe in an attempt to avoid relying on the US and Asia for technology at the heart of some of its major industries.
Bloomberg
Singapore is rushing to reinvent itself as Asia's financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy.
Reuters
China's surprise devaluation of the yuan couldn't have come at a worse time for some Asian currencies.
Bloomberg
American chip manufacturers argue that, without the trade deal, they will be squeezed out of the growing Asian market for computer chips by competitors in countries like China.
New York Times
China launched the Asian Infrastructure Investment Bank (AIIB) in October of 2014 and has met with nothing but opposition from the US. Officially, the objection cited by the US is a lack of clarity about AIIB's governance, as well as concerns about whether the AIIB will adhere to strict environmental and labor standards in its operations.
Washington Post
The North has also shut down an emergency military hotline between Seoul and Pyongyang.
BBC News
Booming sales in Asia have helped German car firm BMW shrug off the gloom in Europe to report a record third quarter pre-tax profit.
BBC News
18 Jun 2012
Oil rose to near US$85 a barrel Monday in Asia after Greek election results suggested the country will stay in the euro common currency, reducing the risk of a major upheaval in financial markets and the world economy.
Washington Post
Infineon's chief executive Peter Bauer has said the company wants to generate 50% of its total sales from Asia over the long term. Since it made over 40% of sales from Asia in fiscal 2011, it is clearly making progress on its target.
Wall Street Journal
The International Monetary Fund (IMF) has cut its growth forecasts for Asia over worries about eurozone debt and new fears for the US economy.
BBC News
Moody's now holds rating for Japan at Aa3, on a par with rival agency Standard & Poor's, which rates the world's third-largest economy at AA-, the same level as China.
The Financial Times
European companies in China ranked Shanghai as the most attractive city to locate their Asia-Pacific headquarters as the Chinese city provides companies with direct access to the region's biggest market, according to a survey.
Reuters
China has offered to send earthquake rescuers and extended its "deep sympathy and solicitudes to the Japanese government and people" on Friday, marking some of the first sober words exchanged between the two nations in months. Last fall relations between Beijing and Tokyo reached their worst point in years.
The New Yorker
Asian currencies were set for a weekly decline, led by the Taiwan dollar and South Korea's won, as an uprising in Libya pushed up oil prices and sapped demand for emerging-market assets.
Business Week
Micron Technology has acquired Canon's interest in Tech Semiconductor Singapore for about US$121 million, according to filings with the Securities and Exchange Commission. Micron also seems to be taking the lead in its joint venture with Intel.
IdahoStatesman.com
The bourse, formed through the integration of the Hercules and Jasdaq markets at the Osaka Securities Exchange, listed 1,005 companies with a total market value of 8.816 trillion yen as of the end of September.
The Japan Times
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