Page 4 - Electronics

Maharashtra bags around Rs 500-crore electronics cluster project

The central government has approved a Rs 500 crore project to make Ranjangaon in Pune, an electronics manufacturing cluster, in a move that is being seen as an apparent bid to make up for Maharashtra losing back-to-back big-ticket projects to Gujarat. Announcing the project, Minister of State for Electronics and IT Rajeev Chandrasekhar on Monday said the cluster will attract major investments from manufacturers, generate thousands of jobs and put the state in the league of locations that have emerged as vibrant electronics production hubs in the country. The announcement came amid a political slugfest over mining giant Vedanta switching to Gujarat for its Rs 1.53 lakh crore chip factory and Maharashtra also losing out on the Rs 22,000-crore Tata-Airbus transport aircraft project. While former Maharashtra minister Aaditya Thackeray has criticised the Eknath Shinde-led government for letting go of these projects, the Maharashtra chief minister has stated that Prime Minister Narendra .

Inga, TIH Singapore tie up to launch PE fund for mid-sized companies

The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore

Samsung's Q3 profit estimated to have declined nearly 32% amid weak demand

Samsung said that its preliminary third-quarter operating profit declined by nearly 32 per cent from a year earlier, as the company has faced macroeconomic headwinds that weakened consumer demand

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

PLI for IT hardware: Draft proposes raising financial outlay by 2.5 times

Earlier, Ministry of Electronics and Information Technology (MeitY) held discussions with global IT hardware makers who are looking to move part of their production capacity from China to India

Electronics Mart India IPO to open on Oct 4; price band at Rs 56-59/share

Consumer durables retail chain Electronics Mart India Ltd on Wednesday said it has fixed a price band of Rs 56-59 a share for its Rs 500 crore initial public offering (IPO). The initial share-sale will open for public subscription on October 4 and close on October 7, the company said in a statement. The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore, with no offer for sale component. The company intends to utilise the net proceeds to fund its capital expenditure, support incremental working capital requirements and pay debt. Funds will also be used for general corporate purposes. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Investors can bid for a minimum of 254 equity shares and in multiples of 254 thereafter. Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a

iPhone component hub near Hosur rings in promise of new roads, jobs, etc

Thousands of jobs being created, but most going to outsiders, complain locals

Flipkart's Big Billion Days sale goes live: Everything you need to know

From home appliances to laptops, electronic devices are being offered at heavy discounts and attractive offers in the Flipkart big billion days sale

Govt takes PLIs back to the drawing board amid critical challenges

With this signature manufacturing scheme facing critical challenges, the government is reworking parts of the programme in consultation with companies

E-governance: Draft rules on data anonymisation, mobile security released

The documents are open for public consultation and the comments would be accepted till September 21

Samsung initiates work on $15 bn next-gen chip at R&D complex

Samsung Electronics on Friday held a groundbreaking ceremony for its new semiconductor research and development (R&D) complex here, in a move to bolster its global leadership in cutting-edge chip technology.

Govt to meet industry leaders on common charger for all electronic devices

The government will hold a meeting with industry stakeholders on Wednesday to explore the option of adopting a common charger for mobile phones and other portable electronic devices

Amazon Great Freedom Festival sale starts today: Check all key details here

According to Amazon, "customers shopping during the Great Freedom Festival can save more by getting an extra 10 per cent instant discount with SBI Credit cards and Credit EMI"

Panel led by cabinet secy seeks more info on Central Electronics sale

Privatisation of state-owned firm held up after money laundering case against top bidder

Sahasra Semiconductors plans to invest Rs 750 cr to set up memory chip unit

Electronics firm Sahasra Semiconductors has said it expects to become the first company to set up a memory chip assembly, test and packaging unit in the country and start selling locally-made chips

Amazon Prime Day Sale 2022: Top deals on smartphones, electronic items

Amazon is offering an instant discount of up to10 per cent on purchases made using SBI and ICICI bank cards

The emerging stress in imports: Surprisingly, it's coal more than oil

Surprisingly, its coal more than oil that is emerging as a huge pressure point

Vivo's parent firm, BBK Electronics, owns 40% of India's smartphone market

Vivo India's share jumped from 10% in 2017 to 15% in 2021; sister concern Realme's quadrupled in last 4 years

Electronics firms to extend production cuts till August amid low demand

Consumer electronics inventory has piled up as consumers are holding back their discretionary spending, a report said

US passes world's first 'right to repair' law for digital electronics

In a world's first, New York passed the "right to repair" bill that will require digital electronics manufacturers to make parts, tools, information