BUSINESS
Samsung Display continues to dominate smartphone panel market in H1: report
Samsung Display, an affiliate of top smartphone maker Samsung Electronics Co., grabbed a 48 per cent revenue share in the global smartphone display panel market in the first six months of 2021, down from a 50 per cent share a year earlier, according to a report from market researcher Strategy Analytics. China's BOE Technology Group Co. came in second with a 15 per cent share followed by Tianma Microelectronics Co. with 8 per cent.
Coal inventory critical, India stares at power crisis this festive season
Over half of the country's 135 coal-fired plants are sitting on coal stocks of less than three days, while in others as well, fuel inventories are well below the stipulated 22-day stock, data from the Central Electricity Authority showed. The situation is critical for state-run power generation units where poor financial condition of utilities has prevented them from proper stocking of coal.
Positive data, hopes of healthy Q3 results lift markets
Prior to the rise, the two key indices had a gap down opening and remained subdued for the better part of the day's trade. Globally, Asian shares followed a broad sell-off on Wall Street to weaken for a third straight session on Tuesday, as investors feared oil prices hitting multi-year highs would add to inflationary pressures caused by supply chain disruptions.
Ola acquires geospatial provider GeoSpoc to build new mobility maps
Ola founder and CEO Bhavish Aggarwal said that GeoSpoc scientists and engineers will join Ola to develop technologies that will make mobility universally accessible, sustainable and convenient, across shared and personal vehicles. "As shared and personal mobility penetrates deeper to cover 50-100 per cent of India's population in the coming years," he said.
Silicon, hydrogen to emerge as 'New Oil' for RIL
The strategy is to provide supporting infrastructure in areas of hydrogen, integrated solar PV and grid batteries – all areas with high entry barriers, technological advances and good returns. It plans to create four gigafactories with a $12 billion investment, offering the entire spectrum of renewable/distributed energy solutions, as it capitalises on India's quartz and silicon resources.
Relief for telcos as DoT willing to review appeal in one-time spectrum charge case
In a short affidavit, the Department of Telecommunication (DoT) under the Ministry of Communication, said the amount involved, which is the subject matter of adjudication, would be imposition of financial liability on various telecom service providers (TSPs)to the tune of Rs 40,000 crore approximately.
MetLife to buy out Elpro and IGE's stakes in PNB MetLife
According to Elpro, it will receive a sum of about Rs 1,424.69 crore while I.G.E. (India) will get about Rs 481.32 crore. MetLife International Holdings LLC has entered into a share purchase agreement with I.G.E. (India) and Elpro for the purpose. Elpro said the tentative date for completion of the transaction is November 30, 2021 subject to regulatory approvals.
GDP contribution of domestic electronics component manufacturing to double soon
IESA is the key industry body representing the Electronics Systems Design and Manufacturing (ESDM) and intelligent electronics industry in India. Through its deep connection with its member companies, IESA aims to grow the ESDM and electronics business segment in India while making India the preferred destination for electronics and semiconductor design and manufacturing.
Silicon, hydrogen to emerge as 'New Oil' for RIL
The strategy is to provide supporting infrastructure in areas of hydrogen, integrated solar PV and grid batteries – all areas with high entry barriers, technological advances and good returns. It plans to create four gigafactories with a $12 billion investment, offering the entire spectrum of renewable/distributed energy solutions, as it capitalises on India's quartz and silicon resources.
Licious becomes India's first D2C unicorn after raising $52mn
The fresh animal protein brand achieved a $1 billion valuation after receiving funding in Series G round led by IIFL AMC's 'Late-Stage Tech Fund'. "The fresh meats and seafood sector is still largely underserved and unorganised that holds a vast opportunity of $40 billion. As the category leader, we aim at paving the way for a second wave of young start-ups that can join hands in fully harnessing the potential that the industry has to offer," said Vivek Gupta and Abhay Hanjura, co-founders, Licious.
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