India has surpassed the US to become the second-largest market for 5G handsets, according to the latest research from Counterpoint’s Market Monitor service. The shift occurred during the first half of 2024, driven by a surge in budget 5G handsets. Notably, brands like Xiaomi, vivo, and Samsung have contributed to this growth by offering affordable 5G options.
Deepu John, Qualcomm’s Senior…
The news agency Asian News International (ANI) has taken legal action against Netflix and the creators of the series IC 814: The Kandahar Hijack, accusing them of copyright and trademark infringement. ANI alleges that the streaming giant and the show’s producers have used exclusive archival footage without proper licensing or consent.
The Lawsuit Details
According to ANI, the series has…
Apple Inc. is accelerating its efforts to expand and diversify its production capabilities in India, seeking partnerships with local manufacturers to enhance value addition and reduce dependency on Chinese suppliers. The move aligns with Apple’s broader strategy to fortify its global supply chain and mitigate risks associated with geopolitical tensions and supply disruptions.
Karnataka-based…
Clean Electric, a promising startup in the energy storage sector, has successfully raised ₹48.5 crore (approximately $6 million) in its Series A funding round. This marks the second round of significant investment for the company in less than two years.
Clean Electric’s Series A Investment Details
According to internal documents accessed through the Registrar of Companies (RoC), Clean…
In a significant move for India’s venture capital landscape, Vikas Choudhary, the former president of Jio, has launched his new investment firm, Playbook Partners. The firm has successfully completed the first close of its inaugural fund, securing $130 million (approximately INR 1,091 crore) out of its targeted $250 million (approximately INR 2,099 crore). This achievement comes within just four…
Chai Discovery, a nascent AI-driven biology startup, has secured nearly $30 million in funding from prominent investors Thrive Capital and OpenAI. Founded just six months ago, Chai aims to revolutionize drug discovery by utilizing AI to predict the structure of biochemical molecules and manipulate their interactions, a critical step in developing new medications.
Joshua Meier, the company’s…
Tata Electronics has announced a major collaboration with Tokyo Electron (TEL) to enhance semiconductor manufacturing capabilities in India. This partnership is set to support the establishment of Tata Electronics’ chip fabrication unit in Dholera, Gujarat, and an assembly and test facility in Jagiroad, Assam. The combined investment in these facilities amounts to a staggering Rs 118,000 crore…
Leonid Radvinsky, the owner of OnlyFans, has taken $631 million from the platform over the past two years, as user engagement and subscriptions continue to rise sharply.
Fenix International, which owns the popular platform known for its diverse range of content creators, reported pre-tax profits of $658 million for the year ending November 2023, according to newly filed accounts. The platform saw…
The Securities and Exchange Board of India (SEBI) has introduced new regulations aimed at simplifying the registration process for Foreign Venture Capital Investors (FVCIs). This move is set to streamline how these investors engage with the Indian capital markets, making the framework more efficient and investor-friendly.
Key Changes in FVCI Registration Process
Under the revised rules, SEBI has…
Turning your idea into a thriving business empire involves a series of deliberate, strategic steps. From identifying the right market need to ensuring long-term profitability, this guide offers a blueprint for success based on personal experience and proven practices. Here’s how to transform your vision into a flourishing enterprise.
1. Define Your Vision
Success begins with clarity. Reflect on…
