Fueled by government initiatives like the PLI scheme, smartphone exports reached $24.14 billion in 2024-25, marking a 55% increase. This growth has positioned India as a major global manufacturing and export hub for smartphones.
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PhonePe, backed by Walmart, is preparing for an IPO. The company’s revenue heavily depends on its payments business. Financial services contribute a small portion to its total income. Rivals like Paytm generate more revenue from financial services. PhonePe’s insurance business…
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Union Bank of India’s report indicates India’s trade outlook faces uncertainty due to potential US reciprocal tariffs, projecting a wider current account deficit of 1.2% of GDP in FY26. April 2025 saw a significant widening of the merchandise trade deficit,…
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India, of course, we hope they get a trade deal with the US, whatever that means, but India is less vulnerable to pressure on the tariff front than are some of these other markets. And I agree with Rajat in…
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Vaishnaw said that while some of the big players have applied, there has been huge interest in the scheme from small and medium players.
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In his first extensive public comments since Byju’s downfall, founder Byju Raveendran outlined a comeback strategy he calls “Byju’s 3.0”, stressing his resolve to rebuild the edtech giant. In a wide-ranging interview with ANI, he reflected on toxic work culture,…
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