84% manufacturing firms globally embraced software over hardware: Report

NEW DELHI: With the device manufacturing industry embracing software over hardwareas its primary business model, a new report said on Friday that 84 per cent of the organisations in the sector globally have already put software at its core in delivering services and generating revenue. According to a report by global IT security firm Gemalto, nearly all (94 per cent) device makers … Read more 84% manufacturing firms globally embraced software over hardware: Report

Samsung to Invest Rs. 4,915 Crores to Expand Phone, Refrigerator Manufacturing in India

Samsung over the years has enjoyed a pretty solid foothold in the Indian market. The South Korean giant leads in smartphone sales in the country partly thanks to its wide range of smartphones that cover each price segment as well as its production capacity. Speaking of the latter, Samsung India on Wednesday announced that the … Read more Samsung to Invest Rs. 4,915 Crores to Expand Phone, Refrigerator Manufacturing in India

Apple Assured of Full Support for Its Manufacturing Facility by Karnataka Government

Expressing “delight” over US tech giant Apple’s decision to begin initial production of iPhone SE in the city, the Karnataka government on Thursday assured full support to the company. “I am delighted to know that one of the most valuable technology companies in the world Apple has decided to manufacture its iPhone SE models in … Read more Apple Assured of Full Support for Its Manufacturing Facility by Karnataka Government

Apple to Create $1-Billion US Advanced Manufacturing Fund

Apple plans to create a $1 billion (roughly Rs. 6,421 crores) fund to invest in US companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker’s latest effort to show how it is creating US jobs. The Cupertino, California company will announce the fund’s first investment later in May, … Read more Apple to Create $1-Billion US Advanced Manufacturing Fund

Apple’s India Manufacturing Demands Will Be Looked at After GST Rollout: Sitharaman

Commerce and Industry minister Nirmala Sitharaman on Monday said Amercian phone-maker Apple’s demand for tax incentives to set up a manufacturing unit in the country will have to be looked at after the Goods and Services Tax (GST) is rolled out. “GST will be coming soon. So, tax-related incentives demanded by Apple will have to … Read more Apple’s India Manufacturing Demands Will Be Looked at After GST Rollout: Sitharaman

Apple to start manufacturing iPhone SE in India

Last month Apple reportedly selected Wistron as the primary manufacturer for all its iPhones in India. The Taiwanese partner of the Cupertino-based company set up a plant in Bengaluru in order to start the local production. According to industry sources speaking to Reuters, iPhone SE assembly will begin in the coming months. Apple’s midranger is … Read more Apple to start manufacturing iPhone SE in India

DU: First public university to hoist “monumental” flagpole

The national flag will be hoisted at Hansraj college today, i.e. January 25, by Naveen Jindal, the member of Parliament and President, Flag Foundation of India. RELATED STORIES CBSE Board Exam 2017: Peon allegedly steals blank answer sheets Rajasthan: University to offer certificate, diploma courses on birds SSC CGL Tier II Re-Examination 2016: Answer keys … Read more DU: First public university to hoist “monumental” flagpole

Apple plans for manufacturing in India gain momentum

Apple’s plans to manufacture in India made headway on Wednesday as executives of the company presented detailed plans to the country’s federal government. It may be some time though, before Apple gets permission for its proposal to manufacture in India as it reportedly involves a request for deep cuts in the import duties for components. … Read more Apple plans for manufacturing in India gain momentum

Construction spending down 0.7% in Aug; ISM manufacturing index hits 51.5 in Sept.

U.S. construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors. The successive declines suggest home building might not help economic growth in the third quarter. The Commerce Department said on Monday construction spending dropped 0.7 percent … Read more Construction spending down 0.7% in Aug; ISM manufacturing index hits 51.5 in Sept.