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How global part shortages could impact India's price-sensitive smartphone market

How global part shortages could impact India's price-sensitive smartphone market

Timelines

16 Apr 2021

Global chip shortages will continue until 2023, TSMC says

The global chip shortages show no signs of abating. Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for most of world's semiconductor requirements, has stated that it doesn't see the supply shortages ease until 2023.

15 Apr 2021

Flipkart to acquire Cleartrip to diversify its offerings

On April 15, Walmart-owned Flipkart confirmed that it will acquire Cleartrip, a leading online travel technology company.

15 Apr 2021

New WhatsApp privacy policy could face intervention from German regulators

The Hamburg Commissioner for Data Protection and Freedom of Information, Johannes Casper, has opened proceedings to stop WhatsApp from implementing a controversial privacy policy that allows it to share user data with Facebook.

14 Apr 2021

Apple's 'Spring Loaded' event confirmed for April 20

Apple has announced an event for April 20 at 10:00 AM PDT (10:30 PM IST). This will be the brand's first major event for 2021.

14 Apr 2021

Fortnite-maker Epic Games raises $1 billion; Valued at $28.7 billion

Epic Games has raised $1 billion in latest funding round at a current valuation of $28.7 billion. It has added nearly $10 billion to its valuation after Sony had pumped $250 million last year.

13 Apr 2021

Microsoft buys Siri co-creator Nuance in $19.7 billion deal

Microsoft Corp has bought AI speech tech company Nuance in an impressive $19.7 billion acquisition deal. The firm famously helped Apple develop its Siri voice assistant with its pioneering work in the text-to-speech field since its founding in 1992.

12 Apr 2021

Flipkart strikes deal with Adani; to create 2,500 more jobs

Walmart Inc.'s Flipkart and Adani Group on Monday announced a strategic partnership to strengthen logistics and data center capabilities.

12 Apr 2021

Sensex nosedives over 1,400 points in early trade

Equity benchmark Sensex plummeted over 1,400 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, ICICI Bank, and Reliance Industries as spiking COVID-19 cases in the country spooked investors amid negative cues from global markets.

11 Apr 2021

Signal Payments announced with support for cryptocurrency

Signal, the secure messaging app, recently announced that it is rolling out a beta version of its app which brings the new Signal Payments feature.

10 Apr 2021

US official calls Tim Cook's voting on iPhone suggestion 'preposterous'

Ohio's Secretary of State, Frank LaRose, called Apple's CEO Tim Cook's idea of voting on the iPhone "preposterous."

10 Apr 2021

A Cricketer's Guide to Crypto Investing

Cricket is a sport that does a better job of bringing all Indians together than any religion in the world. While the IPL league offers us so much entertainment, we thought it would be more interesting to explain crypto in the language of cricket.

08 Apr 2021

Indian social media platform ShareChat raises $502 million, becomes unicorn

It's raining unicorns in India. ShareChat is the latest entrant to the billion-dollar club after raising $502 million from Tiger Global Management and LightSpeed Venture Partners. This pegs the Indian social media platform's valuation to $2.1 billion.

08 Apr 2021

Following outcry, Tesla refunded customers who were double-charged for cars

Late last month, we reported that several Tesla customers were charged twice for their new electric cars. One of the affected customers, Christopher T. Lee, who goes by the name Everyday Chris on YouTube even made a video detailing his experience.

08 Apr 2021

Sensex surges over 300 points in early trade

Equity benchmark Sensex surged over 300 points in early trade on Thursday, tracking gains in index heavyweights HDFC twins, ICICI Bank and Infosys amid a positive trend in global markets.

07 Apr 2021

Mukesh Ambani dethrones Jack Ma as Asia's richest person

India has the third-highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine.

07 Apr 2021

RBI MPC keeps repo rate unchanged at 4%

The Monetary Policy Committee (MPC) of the Reserve Bank of India today kept the repo rate unchanged at 4 percent and maintained its accommodative stance for as long as necessary to sustain growth.

06 Apr 2021

CRED's valuation skyrockets to $2.2 billion following fresh investment

In March, we had reported that Bengaluru-based fintech start-up CRED was in talks to raise around $200 million.

06 Apr 2021

Sensex jumps over 300 points in early trade

After starting on a weak note, equity benchmark Sensex rebounded over 300 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Infosys, and ICICI Bank.

06 Apr 2021

BYJU's acquires Aakash Educational Services for $1 billion

Popular online teaching platform BYJU's announced on Monday that it has acquired Aakash Educational Services Limited, a chain of physical coaching centres in the country, for nearly $1 billion.

05 Apr 2021

Musk wants to hire you even without a college degree

Elon Musk, the billionaire CEO of Tesla and SpaceX, may want to hire you.

05 Apr 2021

LG announces shutdown of global smartphone business

LG has officially announced that it will shut down its mobile phone business after failing to find a buyer for its faltering consumer technology arm.

05 Apr 2021

Sensex plummets over 1,400 points amid spurt in COVID-19 cases

Equity benchmark Sensex tumbled over 1,400 points in the morning session on Monday, dragged by massive losses in financial stocks amid concerns over spiking COVID-19 cases in the country.

05 Apr 2021

HP announces gaming scholarship with benefits worth Rs. 12 lakh

HP has announced the OMEN Esports Gold Quest in India in collaboration with AMD. The scholarship is meant to help esports players establish their gaming careers.

04 Apr 2021

TSMC's silicon wafer price hike could affect Apple's iPhone 13

Apple's longstanding primary source for silicon, the Taiwan Semiconductor Manufacturing Company (TSMC), was expected to hike prices by 15% for its silicon wafers when the auto industry was facing a chip crunch.

04 Apr 2021

Tesla sold more cars than it produced in Q1 2021

Tesla has announced that it has delivered more cars in the first quarter of 2021 than it produced in the same period.

03 Apr 2021

Amazon explored opening discount stores to clear out unsold products

Amazon Inc. has been exploring an idea of opening physical stores to offload the unsold inventory at heavy discounts, reveals Bloomberg. The information was disclosed by two people familiar with the plan.

02 Apr 2021

Apple knowingly sold MacBooks with defective displays: US Judge

A California federal judge, Edward Davila, has allowed a new class-action lawsuit against Apple to pass. The suit claims that Apple has sold MacBook Pro laptops with defective display panels, where the bottom part of the screen suffers from alternate dark spots.

02 Apr 2021

Government will give $1 billion to chip-makers manufacturing in India

The government of India will offer more than $1 billion in cash to every company that sets up a semiconductor manufacturing unit in the country.

01 Apr 2021

PSU bank merger: How it impacts you as a customer

The Indian government's ongoing merger of certain public sector banks will bring in a range of sweeping changes for customers of eight banks starting today (April 1).

01 Apr 2021

Google cancels April Fools' Day pranks for second consecutive year

Search giant Google will refrain from wisecracks for the second consecutive year. The Verge and Business Insider received confirmation from the company that owing to the coronavirus pandemic, jokes for this year's April Fools' Day have been paused.

01 Apr 2021

Within hours, Modi government rolls back small savings rate cut

Less than 12 hours after announcing a steep reduction in small savings interest rates, the government has scrapped the order, saying it was issued by oversight.

31 Mar 2021

Deadline for linking Aadhaar and PAN extended till June 30

The deadline to link PAN (Permanent Account Number) and Aadhaar has been extended till June 30, 2021.

31 Mar 2021

Parler warned FBI over 50 times before Capitol Hill protests

Free speech platform Parler reportedly informed the FBI of violent content on its platform in the days leading up to the Capitol Hill riots.

31 Mar 2021

Apple loses Steve Jobs' trademark catchphrase to Swatch

A London court recently ruled that Apple Inc. could not keep Swiss watchmaker Swatch from using the phrase "one more thing" as its own trademark.

31 Mar 2021

India freezes TikTok parent ByteDance's bank accounts in fresh blow

Indian authorities have frozen the bank accounts of TikTok owner ByteDance on grounds of alleged tax evasion by the Chinese firm.

31 Mar 2021

Aadhaar-PAN linking last date: Here's how you can do it

The last date to link the PAN card and the Aadhaar card is March 31 (today).

31 Mar 2021

Tesla customers double charged; Forced to seek help from banks

In a strange development, multiple Tesla customers have reported being charged twice for their new electric cars. Christopher Lee is one such customer who documented his ordeal in a YouTube video, where he was billed $56,579 twice for the Tesla Model Y.

31 Mar 2021

Sensex tanks over 400 points in early trade

Equity benchmark Sensex tumbled over 400 points in early trade on Wednesday, dragged by losses in index majors HDFC twins, Infosys, and ICICI Bank amid a negative trend in global markets.

30 Mar 2021

Xiaomi to make smart electric vehicles, announces $10 billion investment

Chinese tech giant Xiaomi has announced its entry into the automotive industry. According to an official filing with the Hong Kong Stock Exchange, the company will set up a "wholly-owned subsidiary" to commence and operate a new smart electric vehicle business.

30 Mar 2021

Visa to allow payments using cryptocurrency

Visa Inc. will wade deeper into digital currency waters as it green-lights the use of cryptocurrency to directly settle payments on its network.

30 Mar 2021

87% Indian businesses considering long-term work from home plans: Survey

87 percent of businesses in India are mulling over making work from home a permanent option for their employees, according to a survey report by BCG-Zoom.

30 Mar 2021

Petrol and diesel prices see third cut in a week

Petrol and diesel prices on Tuesday were cut for the third time within a week on the back of softening international oil prices.

30 Mar 2021

Sensex rallies over 500 points in early trade

Equity benchmark Sensex rallied over 500 points in early trade on Tuesday, tracking gains in index majors HDFC twins, HUL and ICICI Bank amid largely positive cues from the Asian peers.

29 Mar 2021

Life insurers spend Rs. 2,000 crore on COVID-19 death claims

A total of 24 life insurance companies spent crores of rupees on COVID-19 death claims that are over and above the death claims that they usually receive every year.

27 Mar 2021

From today, banks to remain closed for 7 days

In case you are planning to visit your bank in the coming week, you may have to reschedule it as banks across the country will remain closed for seven days between March 27 and April 4.

27 Mar 2021

Redmi K40 series crosses one million sales milestone in China

Redmi has managed to sell over one million units of the K40 series in China in just 23 days, an official Weibo post has confirmed. The line-up includes the K40, K40 Pro, and K40 Pro+ models.

26 Mar 2021

Congress' five-hour questioning of Big Tech didn't yield actionable answers

In the first appearance before Congress since the US Capitol Hill riots, Big Tech faced criticism for around five hours about its handling of extremism and misinformation during the pandemic and the protests.

26 Mar 2021

Win for Tata Sons; Supreme Court upholds Cyrus Mistry's sacking

The Supreme Court on Friday set aside an order of the National Company Law Appellate Tribunal (NCLAT) reinstating Cyrus Mistry as the Chairperson of Tata Sons Limited.

26 Mar 2021

Reddit parts way with controversial employee after site-wide protests

Reddit was compelled to part ways with former UK politician Aimee Challenor after hundreds of high profile subreddits went private to protest the platform's censorship.

26 Mar 2021

Sensex rallies over 500 points in early trade

Equity benchmark Sensex rallied over 500 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and L&T amid a positive trend in global markets.

25 Mar 2021

Petrol and diesel prices cut for the second straight day

Petrol and diesel prices were on Thursday cut for the second straight day as international oil prices fell on prospects of a speedy recovery in consumption getting clouded by the second wave of COVID-19 cases.

25 Mar 2021

Sensex sinks over 400 points in early trade

Equity benchmark Sensex dropped over 400 points in early trade on Thursday, dragged by losses in index majors Reliance Industries, Infosys, and HDFC Bank amid foreign fund outflow and a weak trend in global markets.

24 Mar 2021

Petrol, diesel prices reduced after more than a year

In the first reduction in rates in over a year, the petrol price on Wednesday was cut by 18 paise per liter and diesel by 17 paise a liter as international oil prices tumbled to the lowest since early February.

24 Mar 2021

Here's why Intel's Foundry Services is a brilliant strategic gambit

It's no secret that Intel is in dire straits after being bested by AMD and recently losing its chip contract for Apple's Mac range. It will now focus on making chips for other companies.

23 Mar 2021

LG might shutter smartphone business as sale seems unlikely

LG Electronics might be forced to shutter its smartphone business according to a report from a South Korean outlet Dong-A Ilbo. LG had been trying to sell off its loss-making mobile phone unit, but it can't seem to find buyers.

23 Mar 2021

Microsoft in talks to buy Discord for $10 billion

Microsoft is reportedly in talks with Discord to buy the gaming-centric voice and chat platform for a whopping $10 billion. According to unnamed sources privy to Bloomberg, Xbox chief Phil Spencer is allegedly involved in the talks.

23 Mar 2021

Microsoft will open Redmond headquarters next week in limited capacity

Big Tech is committed to get its workers back into offices. And Microsoft wants that as early as next week. Microsoft will be easing more workers back to its headquarters in Redmond, Washington beginning next Monday.

22 Mar 2021

App Store privacy analysis finds Instagram, Facebook most invasive apps

Apple's privacy campaign keeps on giving. Cloud Storage firm pCloud rummaged through Apple's brand-new privacy labels and came back with a privacy report card for apps with results that will shock no one.

22 Mar 2021

#DealOfTheDay: OnePlus 8T available with benefits worth Rs. 3,500

Looking to buy a flagship smartphone? This deal should meet your expectations. Amazon is offering a discount of Rs. 2,500 on the OnePlus 8T model with 8GB of RAM and 128GB of storage.

20 Mar 2021

#DealOfTheDay: Motorola RAZR is available with Rs. 75,000 off

If you are looking to buy a foldable smartphone, this might be a great deal for you. Flipkart is offering a massive discount of Rs. 75,000 on the Motorola RAZR.

19 Mar 2021

Google will inject $7 billion in data centers and offices

As vaccines begin rolling out, Google is already preparing for the resumption of normal office operations. The company has earmarked more than $7 billion to real estate across the US for the year 2021 alone.

19 Mar 2021

Intel's new ads featuring Justin Long mock M1 Macs

Actor Justin Long who did the "I'm a Mac, and I'm a PC" commercials back in the day has been hired by Intel for a series of advertisements.

19 Mar 2021

Sensex tanks over 600 points in early trade

Equity benchmark Sensex tanked over 600 points in early trade on Friday, tracking losses in HDFC Bank, L&T, and Reliance Industries amid negative cues from global markets.

18 Mar 2021

Sensex tumbles 585 points, Nifty drops below 14,600

Extending its losing streak to the fifth consecutive session, equity benchmark Sensex tanked 585 points on Thursday, tracking losses in index majors Infosys, Reliance Industries Ltd., and TCS.

18 Mar 2021

CBI books Cadbury for corruption, fraud; several premises searched

The Central Bureau of Investigation (CBI) has booked Cadbury India Private Limited (now known as Mondelez Foods Private Limited) for alleged corruption for obtaining licenses for its factory in Himachal Pradesh, officials said on Wednesday.

18 Mar 2021

Indian organizations record highest adoption of digital tools during pandemic

A new survey from Ernst & Young Global (EY) and Imperial College London's Institute of Global Health Innovation (IGHI) revealed that India has witnessed the highest adoption of digital technologies by organizations specializing in Health and Human Services (HHS).

18 Mar 2021

Volkswagen Group's EV plans push market value toward $150 billion

With a 9% surge in stock prices, Volkswagen's market value is staring at $150 billion as the world's second-largest automaker has shared details about its expansion in electric driving.

17 Mar 2021

Wikipedia will charge Big Tech for leeching off its content

While the Big Tech loves taking exorbitant revenue cuts from developers and businesses for the use of their platform, Apple, Amazon, and Google have been freeloading off Wikipedia for far too long.

17 Mar 2021

Sensex tanks 562 points, Nifty cracks below 14,800

Dropping for the fourth straight session, equity benchmark Sensex tumbled 562.34 points on Wednesday following losses in index majors Reliance Industries, HDFC Bank, and ICICI Bank amid a weak trend in global markets ahead of the US Federal Reserve's policy outcome.


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