Author: Rahul Surkund

Indkal Technologies announced on Thursday that it has signed a deal with Acer to design, manufacture, and sell smartphones under the Acer brand in India. This will be the first time Acer-branded smartphones are available in the Indian market. This news comes after Indkal raised $36 million (about Rs 300 crore) last month, which will be used to develop products like air conditioners, TVs, washing machines, and refrigerators at a new research and development facility. Indkal plans to launch a variety of smartphone models priced between Rs 15,000 and Rs 50,000 in mid-2024. The company aims to produce one million…

Cummins India Ltd., despite the challenges posed by a recent surge in commodity prices, expects to see an expansion in margins following the implementation of new pollution regulations. Managing Director Ashwath Ram stated that the company has successfully managed costs and improved efficiency to achieve better margins, even as commodity costs fluctuate. Cummins India raised product prices in response to rising commodity costs and maintained them when prices fell, demonstrating resilience and strategic pricing. The company reported a significant 54.4% increase in net profit for the fourth quarter of fiscal 2024, leading to upgraded ratings from brokers Nomura and Citi,…

In a move set to bolster India’s manufacturing prowess and expand the country’s footprint in the telecom sector, Dixon Technologies, a prominent homegrown electronics manufacturer, has announced a significant partnership with global telecommunications giant Nokia. Dixon’s subsidiary, Dixon Electro Appliances Private Limited (DEAPL), sealed the deal with Nokia Solutions and Networks OY, a renowned developer and supplier of advanced communications equipment, terminals, accessories, and connectivity solutions. The collaboration, disclosed via an exchange filing on Monday, signifies a strategic alignment aimed at tapping into the burgeoning telecom product market. Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies, expressed…