Author: Senjuti Bhattacharya

Apple’s fiscal year 2025 commenced with a significant upsurge in iPhone exports originating from India, as official figures reveal a nearly twofold increase in export worth to $1.1 billion (Rs. 9,000 crore). This surge is particularly notable given the typically subdued export activities observed globally in April, underscoring India’s evolving status as Apple’s second-largest manufacturing base for iPhones beyond China. Analysts foresee Apple surpassing the $11.98 billion (Rs. 1 trillion) export milestone in fiscal year 2025, consolidating India’s pivotal role in its manufacturing framework. Currently, approximately 14-15% of Apple’s production has transitioned to India, a figure expected to escalate to…

External Affairs Minister S Jaishankar emphasized the imminent upheaval in global dynamics, projecting a tumultuous decade ahead due to escalating conflicts, power dynamics, and heightened competition. Drawing upon his extensive diplomatic experience spanning nearly five decades, Jaishankar outlined a vision of the future markedly different from the current landscape, foreseeing significant transformations by the end of the 2020s. Describing a scenario marked by multiple conflicts and tensions across various regions, Jaishankar underscored the urgent need for stable and adept leadership in India amidst the unfolding global turmoil. He highlighted the waning influence of the United States, ongoing conflicts such as…

Yuvraj Singh, the ICC Ambassador, propelled the ICC Men’s T20 World Cup 2024 Trophy Tour into high gear during the Miami Grand Prix, parading the coveted silverware that 20 international teams will compete for between June 1-29 in the West Indies and the USA. The collaboration with Formula One elevated the Trophy Tour’s second leg in the USA, with the Trophy showcased alongside prestigious trophies like the NBA’s Larry O’Brien Trophy and the Miami Grand Prix Trophy, as per an ICC media release. Initially launched with Chris Gayle and Ali Khan illuminating New York’s Empire State Building, the Trophy Tour…

Lehigh University has selected Indian American Manoj K Malhotra as the new dean of its College of Business, effective July 1, 2024. Malhotra will take over from Georgette Chapman Phillips, who will retire next month. His appointment follows a thorough nationwide search for the right candidate to lead the College into its next phase of development and innovation. Formerly the John R. Mannix Medical Mutual of Ohio Professor of Operations Management and dean of the Weatherhead School of Management at Case Western Reserve University, Malhotra has a track record of implementing successful initiatives. These efforts led to notable increases in…

In 2022, India made history by becoming the largest recipient of remittances globally, exceeding $111 billion, a milestone no other country had reached before. This noteworthy feat was highlighted in the World Migration Report 2024 by the International Organisation for Migration (IOM). Apart from India, countries such as Mexico, China, the Philippines, and France also ranked among the top recipients of remittances. India’s prominent position in this regard underscores the significant role of labor migration from the subregion, with numerous migrant workers contributing to the substantial inflow of remittances. The report emphasized India’s exceptional status as the foremost recipient, surpassing…

Tata Electronics Ltd, in a move aimed at enhancing India’s semiconductor capabilities, has commenced exporting semiconductor chips packaged at a pilot line located in its Bengaluru-based research and development center, as per sources familiar with the matter. Additionally, the company is nearing the final stages of successfully completing the design process, known as tape-out, for semiconductor chips in various nanometer nodes, including 28, 40, 55, and 65 nm. According to sources, after undergoing multiple rounds of testing and refinement, some of these chips are being sent to select customers for feedback and testing, with commercial production scheduled for 2027. The…

During the earnings call on Thursday, 2 May, Apple’s CEO Tim Cook announced that the company experienced robust double-digit revenue growth in India, reaching a new record for the March quarter. Cook expressed excitement about India as a market, emphasizing its strategic importance to Apple’s operations and growth. Attributing the record revenues to operational efficiencies and expanding retail presence, Cook highlighted the significance of local production for competitiveness. He mentioned the successful performance of Apple’s stores in Delhi and Mumbai, which reportedly generated substantial revenues, with plans to open more stores in Pune, Bengaluru, and Noida. Cook also noted the…

The recent unveiling of India’s T20 World Cup squad has sparked discussions, notably surrounding the absence of Rinku Singh. While the team selection appears somewhat expected, concerns arise regarding India’s potential to clinch the tournament and the exclusion of Rinku, a proven performer. As of May 1, India doesn’t seem to be favored for the World Cup win. Bowling emerges as a key worry, with only Jasprit Bumrah and Kuldeep Yadav displaying consistent form. The fast-bowling department faces limitations, particularly with Mohammed Shami sidelined due to injury. Spinners also need to step up in terms of their wicket-taking ability. The…

Citroen, the renowned French automaker, eyes India as a future powerhouse market. Thierry Koskas, the company’s global CEO, aims to make India their second-largest market within five years, closely trailing France. This optimism stems from India’s status as the world’s third-largest automotive market, offering immense growth potential. To actualize this vision, Citroen is implementing a threefold strategy. Firstly, they plan to expand their dealership network across India, aiming to triple their presence to 200 touchpoints by 2024. This expansion will enhance accessibility to Citroen products for a broader Indian consumer base. Secondly, Citroen will continue introducing new offerings like the…

Gopesh Anand and Ujjal Kumar Mukherjee note that firms gain greater insights from design-related recalls compared to process-related ones. They analyze organizational learning from failures, categorizing them into “slip-ups” and “knowledge gaps.” “Slip-ups” entail knowing the correct course of action but failing to execute it, while “knowledge gaps” involve unknowingly making mistakes. Their study, based on voluntary product recalls of over 100 publicly traded US firms in medical devices and pharmaceuticals from 2000-2016, reveals that firms learn more from design-related recalls. The scholars find that firms with a focus on innovation, evident from accumulated patents and research and development investments,…