The Open Network for Digital Commerce (ONDC), an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, launched the “ONDC Network Gift Card.”This network-level gift card is set to empower companies for corporate gifting and employee engagement, offering consumers the freedom to shop across […]
According to a post on social media by V Lee, a representative of Foxconn India, the board of directors of FIT Hon Teng (Foxconn) have approved the investment of USD 400 million in Telangana. It may be recalled that the Taiwanese contract manufacturer is the largest supplier to Apple. Posting the company’s disclosure on his […]
Shiprocket, an ecommerce enablement platform, launched a detailed trends report titled “eCommerce in the New Bharat and it’s Future” on Friday at its flagship event Shiprocket SHIVIR 2023 in New Delhi. The report was launched by Shiprocket’s CEO & Co-Founder, Saahil Goel, along with T Koshy, MD, & CEO of ONDC, and Bhaveh Pitroda, CEO, […]
The Directorate General of Foreign Trade (DGFT) has imposed restrictions on the import of specific laptops and computers falling under HSN code 8471. The new regulations, effective immediately, pertain to laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers. As per the notification issued by DGFT, importers are now required to obtain […]
Hon Hai Technology Group (or Foxconn) signed a Letter of Intent to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore in Kanchipuram district in the presence of Tamil Nadu Chief Minister MK Stalin on Monday. Giving this information, Tamil Nadu Industries Minister TRB Rajaa said in a tweet […]
India’s overall exports, both merchandise and services combined, in June 2023 are estimated to be USD 60.09 billion, registering a decline of around 13 per cent from June 2022, official commerce ministry data revealed on Friday. In June 2022, the exports were USD 69.20 billion. Overall imports in June 2023 are estimated to be USD […]
Hammer, an athleisure tech brand that appeared on the first season of Shark Tank, has seen extraordinary growth and success post getting a deal on the show. In an exclusive conversation with BW Retail World, the company’s founder & chief operating officer (COO), Rohit Nandwani revealed that at the time of the brand’s episode airing, […]
In a significant move towards establishing India as a global electronics powerhouse, the Indian government has initiated a pilot project called Electronics Repair Services Outsourcing (ERSO). The concerted effort seeks to make India the most appealing destination for outsourcing repair services for ICT products on a global scale. After consultations with the repair industry, MeitY […]
Homegrown smart accessories and home audio brand Gizmore has announced a partnership with Staunch Electronics India to expand its presence in the hearable and wearable categories. This collaboration, announced on Tuesday, will enable Gizmore to strengthen its market position while giving customers access to latest technology and premium quality products at an affordable price, according […]
Union Minister Rajeev Chandrasekhar has said electronic chains globally have reshaped themselves post-Covid and India is becoming more and more relevant in manufacturing cutting-edge technology and next-generation products and devices. The Union Minister of State for Skill Development and Entrepreneurship and Electronics and IT made the remarks while addressing the Deep Tech Summit – Transformation […]
