According to the Mint, Business Standard, and the Times of India, Tofler cited Apple India's corporate filing with the Registrar of Companies of India, disclosing that, driven by rising iPhone sales, the company's revenue reached INR671.216 billion (US$7.95 billion) in the fiscal year ending March 2024, a 36% increase compared to the previous year. The company's net profit rose from INR2.229 billion in fiscal 2023 to INR2.745 billion

Xiaomi will replace its GetApps store with PhonePe's Indus AppStore in India starting January 2025 to improve user experience, addressing concerns about intrusive ads and privacy. The Indus AppStore offers a wider range of apps, supports multiple languages, and has a more developer-friendly model. However, questions remain about its uninstallability and potential to replicate past issues

MediaTek is intensifying its efforts to challenge Qualcomm's dominance in India's premium 5G market. As the company gains traction with Chinese smartphone manufacturers for their high-end models, it is strategically positioning itself to expand its footprint in this competitive space

India's electric vehicle (EV) market is seeing contrasting trends, with passenger EV sales declining while the commercial segment grows rapidly. Recent data shows a 9 percent year-on-year drop in passenger EV sales in September 2024, marking the lowest point in 19 months

The Competition Commission of India (CCI) imposed a substantial fine of INR2.13 billion (approx. US$25.3 million) on Meta, the parent company of WhatsApp, citing the abuse of its dominant market position in India

LG Electronics is reportedly planning to establish a third plant in India, continuing its recent production expansions in the country. The move aligns with the company's potential IPO of its Indian subsidiary, signaling its commitment to growth in the region

Following reports about Foxconn's alleged recruitment practices in India, which excluded married women, the company reportedly has requested third-party human resources firms to stop referencing marital status, age, and gender in recruitment advertisements. Additionally, Foxconn decided to no longer use its name in these ads to avoid negative publicity

India, once the world's fastest-growing wearable market, saw a substantial fall in shipments for two quarters in a row as vendors reduced product launches and maintained cautious inventory policies

India is estimated to require 1 million jobs in the semiconductor industry. India-based electronics manufacturers will likely benefit from President-Elect Donald Trump's return to the White House

Tata Electronics has reportedly agreed to acquire a majority stake in Pegatron's iPhone manufacturing facility in India. This move is part of Apple's suppliers' efforts to prepare for potential changes in the global supply chain following Donald Trump's win in the US presidential election. Concerns about possible disruptions have led companies to strategically adjust their operations to mitigate any negative effects

Smartphone vendors in India recorded a 5.6% shipment growth in the third quarter of 2024, with the iPhone reaching a record shipment of four million units. However, overall smartphone shipments in India are expected to experience only limited growth throughout 2024

Despite existing incentives for local IT hardware production, India is reportedly planning to introduce stricter policies requiring PC and notebook manufacturers to reduce imports and increase domestic manufacturing

Three Chinese solar companies were found to have evaded taxes on approximately INR220 billion (US$2.64 billion) of profits earned from INR450 billion worth of solar product sales in India over the past decade

German optics giant Carl Zeiss AG has signaled a major commitment to India by opening its first global capability center (GCC) in Bengaluru and announcing plans to double its local workforce to 5,000 within three years. This move signifies India's growing importance as a strategic hub for global corporations, transcending its traditional role as an outsourcing destination, according to Reuters and Heis Online

India's semiconductor manufacturing ecosystem is experiencing rapid growth, with projections indicating the creation of 1 million jobs across various segments. According to a report by talent solutions provider NLB Services cited by the Press Trust of India, 300,000 positions will emerge in foundry operations and 200,000 in Assembly, Testing, Marking, and Packaging (ATMP). The remaining positions will span chip design, software development, system circuits, and manufacturing supply chain management