Is it time for Indian startups to start taking manufacturing seriously?

For-Kotak-Startup-Manufacturing-Story_ThinkstockPhotos-471824724In the coming years, there are a few surefire industries in which Indian startups are going to be concentrated. There has been much publicity about the startup boom in sectors such as e-commerce, finance, food, entertainment, pharma, education, software, and travel. However, one area which startups are currently under-emphasising is the manufacturing industry. Manufacturing is […]

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Apple to start India manufacturing soon with iPhone SE

Apple to start manufacturing in India by April with iPhone SEApple India Pvt. Ltd, the local arm of Cupertino-based Apple Inc., will soon start assembling iPhones in India at a plant in Bangalore being set up by its Taiwanese manufacturing partner Wistron Corp, a financial daily reported on Friday. Wistron will assemble units of the iPhone SE starting April this year, a report in The […]

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China launches $14.6 bn investment fund to support internet companies

Funding_0008China has launched an investment fund worth 100 billion yuan ($14.6 billion) to support internet firms, state-run Xinhua news agency reported. The fund has already raised around 30 billion yuan from state-owned banks and companies out of which 10 billion yuan has been invested by the Industrial and Commercial Bank of China (ICBC), the news […]

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Alibaba rakes in $12 bn at half-way mark on Singles’ day

AlibabaAlibaba Group Holding Ltd looked set to surpass its Singles’ Day sales record after notching almost $12 billion in sales around the half-way mark of its shopathon, according to a report in Bloomberg. Singles’ Day is celebrated in China on November 11 every year and Alibaba has transformed this day into one of the biggest […]

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Chinese ride-hailing firm Didi Chuxing to acquire Uber’s local business

uber_texiUber Technologies Inc., the ride-sharing company with a reputation of slugging it out with rivals and regulators to capture market share, is giving up in China after agreeing to sell its local business to homegrown firm Didi Chuxing. The deal will end the most watched rivalry in the global cab-hailing sector in a market that […]

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Chinese ride-hailing firm Didi Chuxing to acquire Uber’s local business

uber_texiUber Technologies Inc., the ride-sharing company with a reputation of slugging it out with rivals and regulators to capture market share, is giving up in China after agreeing to sell its local business to homegrown firm Didi Chuxing. The deal will end the most watched rivalry in the global cab-hailing sector in a market that […]

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