Author: Senjuti Bhattacharya

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,…

For more than a hundred years, Cambodia and Thailand have been locked in a heated dispute over the ownership of the ancient Hindu temple, Preah Vihear. This contention dates back to Cambodia’s independence in 1954 when Thailand assumed control of the temple, leading to ongoing tensions between the two nations. The disagreement extends beyond just the temple itself, with conflicts over the surrounding land exacerbating the situation, occasionally erupting into violence. Notably, a clash occurred in October 2008, and in April 2009, Thai soldiers reportedly caused damage to 66 stones of the temple by firing across the border. Moreover, in…

India is expected to witness a robust growth of 9.3% in power generation, reaching 1,900 billion kilowatt hours (kWh) by March 2025, as projected by the internal federal power ministry. This acceleration, the swiftest since at least 2011-12, is attributed to intense heatwaves and a rebound in the economy, resulting in an average annual increase of around 8% in electricity production post the pandemic slump in 2020-21. The surge in power generation is anticipated to be primarily driven by fossil fuel-fired plants, constituting over 76% of the total output for the second consecutive year. Coal-fired power output is expected to…

India’s e-commerce landscape is poised for exponential growth, with projections indicating a surge to USD 325 billion by the same year, while the digital economy is anticipated to soar to USD 800 billion. Invest India reports India as the second-largest Internet user-base globally, expected to become the third-largest online retail market by 2030, with 881 million users. By 2030, India aims to cement its status as a global e-commerce leader, buoyed by a flourishing digital economy and a rapidly expanding internet user base. Forecasts envision India as a frontrunner in online shopping, with an estimated 500 million shoppers. Presently, India’s…

Defence Minister Rajnath Singh, speaking at an election rally in Greater Noida, emphasized that Prime Minister Narendra Modi refrains from politics based on religion or societal divisions. Singh pointed out a past remark by former Prime Minister Dr. Manmohan Singh in 2006 about extending reservation for Muslims, which Modi referenced in a recent rally in Rajasthan. Singh defended Modi against opposition criticism, highlighting their efforts to undermine the Prime Minister’s reputation. He questioned the objections raised over the surveying of properties mentioned in the Congress manifesto, urging clarity from the Congress on their stance. Referring to Dr. Manmohan Singh’s remarks,…