Pankaj Doval

Car companies in India are considering price hikes in the new year, despite a slowdown in demand and heavy discounts on existing inventory. Dealers are struggling with high stock levels, and industry experts suggest the price hike announcements are a tactic to clear unsold vehicles before year-end. However, actual increases may be limited to select models.

NEW DELHI: The IT and electronics ministry is likely to go to the Cabinet with a new production-linked incentive scheme for electronics components as .

NEW DELHI: Chinese phone giant Xiaomi is looking at a 100% transition to 5G smartphones by next year as the company competes with compatriots Vivo and.

Amazon India's senior VP, Amit Agarwal, amidst regulatory scrutiny, affirms compliance and advocates for progressive e-commerce policies. He emphasizes investments in logistics and infrastructure, not cash burn, and highlights a new quick commerce pilot program in Bangalore. Agarwal reiterates Amazon's long-term commitment to India's growth.

Telecom Minister Jyotiraditya Scindia affirmed continued government support for the mobile industry, emphasizing the importance of having at least four to five players. He stated satellite communication services will complement terrestrial networks to achieve complete coverage.

India is open to enacting a new law to regulate artificial intelligence, addressing ethical concerns and the spread of fake news. The government emphasizes the need for societal consensus and democratic technology access while promoting indigenous AI development and global leadership in AI governance.

Communications minister Jyotiraditya Scindia announced that the state-owned BSNL is recovering financially and will launch 5G services by mid-next year. BSNL's revenue has grown by 12% and it has become EBIDTA positive. The company plans to install 1 lakh indigenously-built 4G towers by mid-next year and will then upgrade some to 5G.

Vivo India and Dixon Technologies are forming a joint venture for contract manufacturing electronics, including smartphones. Dixon will hold a 51% stake. The partnership aims to boost local manufacturing and Vivo's presence in India, with the JV handling some of Vivo's OEM orders and potentially those of other brands.

Elon Musk's Starlink found itself in a controversy after Indian Army discovered its equipment during a raid on insurgents in Manipur. Musk denied Starlink's operational status in India, stating satellite beams are deactivated. The incident raises concerns as Starlink's license application, facing security scrutiny, is pending with the Indian government.

Japanese companies Honda and Nissan plan to merge operations in response to tough business challenges, potentially affecting their global and Indian markets.