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Industry Updates

DRI clarifies 10% import duty on component imports, providing significant relief to industry

In Short:Department of Revenue Intelligence (DRI) clarified that input components attached to mobile phone display assembly will attract a 10% import duty rate, resolving...

Are banks closed for second Saturday on June 8th? Check out the details here.

In Short:Today, June 8, is a bank holiday in India, with all public and private banks closed, including SBI. June 2024 will have 12...

EIH Ltd MD Vikramjit Singh Oberoi reports hotels with 90% occupancy rates

In Short:EIH Ltd, running Oberoi and Trident hotels, sees potential for 90% occupancy rates and higher room rates in the future. The company reported...

RBI’s centenary goals include globalizing rupee and reviewing inflation framework

In Short:The Reserve Bank of India (RBI) unveiled its goals for its centenary celebrations in 2034 to become a "model central bank" and leader...

Realme’s Top Executive Confirms Development of 300W Fast-Charging Tech

In Short:Realme GT Neo 5, launched last February, had 240W fast charging. Now, Realme is working on 300W charging for future phones to compete...

Brakes India partners with Japan’s ADVICS to manufacture advanced braking products in new joint venture

In Short:Brakes India and ADVICS plan to create a joint venture to make advanced braking products for Indian cars. They will invest ₹500 crore...

Telecom companies seek 6 GHz spectrum band and non-commercial power tariff

In Short:The telecom industry in India has demanded the 6 GHz frequency band for 5G services and industrial electricity tariff rates for infrastructure. They...

Samsung Galaxy S25 Ultra US Variant Possibly Seen on IMEI Directory

In Short:Samsung Galaxy S25 Ultra, the upcoming flagship, has been spotted in the IMEI database with model number SM-S938U, hinting at a possible US...

Samsung plans to introduce new time-check feature on Galaxy devices, even when screen is off, says report.

In Short:Samsung is rumored to be working on a new way for Galaxy phone users to check the time even when the screen is...

Vodafone Idea aims for 2.2x ARPU increase to meet payout commitments

In Short:Analysts said Vodafone Idea needs to increase its average revenue per user (ARPU) 2.2 times to around Rs 320 by FY27 to meet...

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