INDIAN SMARTPHONE BRANDS INCENTIVES
'Croma on turnaround path as losses narrow, quality of growth gets better': CEO
Infiniti Retail, Croma's operator, is on a strong turnaround path, significantly reducing losses. The company achieved operational profitability in FY26, swinging to a profit of ₹159 crore. Total income grew thirteen percent to ₹21,784 crore, with sales growth nearly doubling. Infiniti Retail closed thirty-five unviable stores and plans to add forty-five new outlets. Continuous cost optimization is now a habit in the business.
Understanding the engineering behind Samsung’s latest foldables
Samsung's Galaxy Z Fold8 series takes foldable technology to the next level with a sleeker design and Flex Titanium technology that enhances display efficiency while maximizing internal capacity. The series boasts advanced battery systems and dual-path charging for a power boost. Durability is key, as Samsung has conducted rigorous reliability tests to ensure these devices can handle everyday use with ease.
Fintech Paramotor Digital Technology gets Sebi nod for IPO
Paramotor Digital Technology has received Sebi approval for its IPO after confidentially filing draft papers in May. The fintech and enterprise technology company operates across spend management, rewards, digital gifting and software services through four business platforms.
India plans Rs 13,000 crore in aid to spur battery parts output
India's new plan aims to reduce reliance on Chinese producers and boost local manufacturing. The government sees fostering a domestic battery supply chain as a strategic priority. Existing incentives for cell manufacturing have faced delays due to supply chain issues.
India gets ready to build its own Samsung, Vivo or Xiaomi
India has emerged as a major global smartphone manufacturing hub, but it is yet to build a home-grown brand of comparable scale. A new Rs 62,500 crore government scheme aims to bridge that gap by incentivising Indian-owned brands, design, R&D and domestic sourcing, with companies such as Lava positioned to benefit.
A91 Partners and Sixth Sense-backed Pushp Brand gets SEBI nod for IPO, to offer 74.45 lakh shares via OFS
Pushp Brand, backed by A91 Partners and Sixth Sense, has received SEBI approval for its IPO, comprising an OFS of up to 74.45 lakh shares. The Indore-based packaged spices company has expanded across 24 states and union territories, while posting strong revenue, EBITDA and profit growth alongside improving margins.
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The smartphone king Apple killed is back, but not in your pocket
BlackBerry has completed a remarkable corporate turnaround after its smartphone business collapsed. The company now thrives by providing secure software for cars and industrial systems. Its QNX platform is embedded in millions of vehicles worldwide, ensuring critical functions. Robotics and physical AI represent the latest growth areas for BlackBerry's embedded software. Analysts are now paying attention to BlackBerry as a vital infrastructure software provider.
Study of 5,227 kids find early social media use linked to lower maths and language scores. Studies reveal one way to reduce impact
Recent studies suggest early smartphone use may negatively impact academic performance. Research indicates social media exposure can affect learning outcomes in students. Even phone presence can interfere with memory recall and cognitive tasks. However, researchers caution against direct causation, noting observational limitations. The focus shifts to managing device use after children receive smartphones.
Singapore records over 600,000 Indian visitors in first half of 2026
Singapore received over 600,000 Indian visitors in the first half of 2026, while tourism receipts from India rose 8% to S$374 million in Q1. Singapore is expanding partnerships, cruise tourism and new experiences while targeting younger Indians, repeat visitors and corporate travellers.
Tilaknagar Industries open to another large deal after Imperial Blue buyout, chairman says
Tilaknagar Industries is open to another large deal after its recent acquisition. Consolidation is gathering pace in India's dynamic liquor market. The company seeks to broaden portfolios and gain scale through acquisitions. Tilaknagar will focus on craft spirits within super premium segments. India is projected to become the world's largest spirits market by volume.
Exports key for mobile brands to maximize Mobile Phone Manufacturing Scheme incentives: Kotak
New mobile phone manufacturing incentives will prioritize export growth for brands. Domestic market growth alone may not meet scheme targets. Exports are seen as the key lever for maximizing incentive payouts. The scheme aims to boost India's global manufacturing competitiveness. It also supports domestic brands in achieving technological sovereignty.
Xiaomi launches new Xring chip, partners with TSMC for production
The introduction of Xring O3 comes a year after Xiaomi launched its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung Electronics and Huawei in developing its own chips.
PLI 2.0 for mobiles set to reward scale, exports; Dixon a key beneficiary: Motilal Oswal
The government’s new mobile phone manufacturing incentive scheme is set to favour companies with scale, export capabilities and strong domestic supply chains. Motilal Oswal said Dixon Technologies is well positioned to benefit, while higher incentives for incremental sales and domestic sourcing could boost volumes and support greater backward integration across the sector.
Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Xiaomi introduced its new Xring O3 smartphone processor, aiming for greater component control. This chip, made by TSMC using its 3nm technology, targets future flagship devices. The company expects to ship between 200,000 and 300,000 units of this new processor. This move aligns with rivals like Apple and Samsung developing their own internal chips. Xiaomi's strategy seeks to reduce reliance on external chip suppliers like Qualcomm.
Bank unions threaten nationwide strike on September 11 to press for 5-day banking, other demands
Bank unions will strike nationwide on September 11 due to unresolved demands. This action follows a government 'negative attitude' towards key union proposals. The strike will impact banking services for four days, including holidays. Further strikes are planned for September 28 and an indefinite one from October 26. Unions seek five-day banking, pension improvements, and a uniform incentive scheme.
Kaynes Tech, Dixon Tech, Syrma shares rise up to 2% after govt notifies Rs 62,500 cr mobile manufacturing scheme
Shares of Kaynes Tech, Dixon Technologies and Syrma SGS gained after the government notified its Rs 62,500 crore Mobile Phone Manufacturing Scheme. The five-year initiative offers incentives to manufacturers and Indian brands, aiming to boost domestic value addition, exports, intellectual property, employment and India’s position as a global electronics manufacturing hub.
Indian pharma has little reason to fear Trump
US tariff threats on Indian generic drugs face significant obstacles. These duties could increase American healthcare costs and potentially cause shortages. Indian firms operate on low margins, making tariff absorption difficult. Recent US manufacturing experiences offer little incentive for relocation. Targeted incentives offer a more direct approach to supply chain resilience.
Apple may expand manufacturing in India beyond iPhones
In an effort to bolster its device manufacturing sector, India has launched a new scheme aimed at enticing industry leaders like Apple and Google. The government has put forth a Rs 62,500-crore plan designed to elevate domestic value addition and empower Indian smartphone brands. With notable growth in mobile phone exports, this initiative endeavors to encourage both local sourcing and increased production from global firms.
India attracts capital. Now it must build what the world pays royalties for
India has emerged as a major investment destination, but much of the value generated by foreign companies still flows overseas through dividends, royalties and intellectual property payments. The column argues that India must move beyond being a manufacturing and consumption base by building globally competitive brands, proprietary technology and Indian-owned intellectual property.
PM Modi says ‘production-linked punishment’ era once held back Indian industry; pegs India as world’s fastest-growing economy
Prime Minister Narendra Modi on Friday said India had moved from the Licence Raj-era “Production Linked Punishment” model to incentivising production through the PLI scheme, which he said has generated ₹2.5 lakh crore in investment, ₹22 lakh crore in production and sales, ₹15 lakh crore in exports and over 14 lakh jobs.
India-designed mobile phones likely in 10-14 months under MPMS; no place for copycats: Ashwini Vaishnaw
New indigenously designed mobile phones with Indian IP rights will launch in 10-14 months. The government will strictly screen brands, preventing "copycats" from benefiting. Companies must prove ownership of design intellectual property rights for scheme eligibility. The Mobile Phone Manufacturing Scheme aims to boost domestic brands and production. This initiative seeks to establish technological sovereignty and capture greater economic value.
India set to approve $1.2 billion incentive plan to make building equipment, sources say
India is set to launch a $1.2 billion incentive scheme to stimulate local manufacturing efforts. This initiative aims to draw in $1.8 billion of new investments over the next seven years, focusing on essential machinery such as tunnel boring machines and fire-fighting equipment. A major goal is to lessen reliance on imports, particularly from China, while establishing local value-addition targets for machines that are fully imported.
Mobile phone makers with turnover of Rs 10,000 cr in FY26 eligible for MPMS: Govt
The government’s Rs 62,500-crore Mobile Phone Manufacturing Scheme (MPMS) will cover mobile phone makers and electronics manufacturing services firms meeting specified turnover and Indian ownership criteria.
Smartphone prices rise as memory costs surge: Realme, Oppo, Vivo, Samsung, OnePlus hike rates
Smartphone prices are increasing due to higher component costs for manufacturers. Several brands like Realme and Samsung have already raised prices on select models. Consumers are becoming more cautious about spending and waiting for discounts. Sales have remained below previous levels, with promotions offering temporary relief.
No easy entry for India Inc in China as Beijing tightens business visa rules
Indian companies face significant challenges securing Chinese business visas. Many firms are now relocating crucial executive meetings to other Asian nations. This visa tightening affects executives, engineers, and technical specialists. Chinese smartphone brands and auto parts majors are among the affected entities. These visa issues follow earlier restrictions imposed by India on Chinese firms.
Get bullish about 'it's so bad that it's good'
A Chinese animated film, 'Niu Lai', has become a viral sensation due to its poor quality. Audiences are flocking to see the movie for its perceived flaws and crude graphics. This unexpected success mirrors India's past regional cinema, which pioneered the 'so bad it's good' genre. These cult flops could now be ripe for digital resurrection and inspiration. Indian kitsch could brand this revival as Parallel Cinema 2.0.
Independence Day sales surge up to 25%, lifting festive demand
This year's Independence Day sales have brought impressive growth for brands and retailers, with value sales soaring by up to 25% and volume sales increasing by 5-7%. Such encouraging figures foreshadow a vibrant festive consumption period ahead. Major players like Reliance Retail and Lifestyle have documented remarkable sales performance, while online platforms have also witnessed demand surpassing expectations across diverse product categories.
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