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Tag: India

Tinubu considering ‘temporary subsidy’ on petrol - Reports
Economy

Nigeria has best return on investments, Tinubu tells Indian investors

Kazeem Owoseni     President Bola Ahmed Tinubu has commended the new Indian investors who have made pledges to invest about $14 b in the Nigerian economy, during the ongoing Nigeria-India Presidential Roundtable and Conference in New Delhi, India.   While lauding the new investors for their brilliant decisions, President Tinubu urged them against procrastination, […]

Google unveils AI-powered search in Japan, India
News Tech

Google unveils AI-powered search in Japan, India

Google is starting to push out its generative AI search experience outside of the United States. The company stated Thursday that it would first focus on expanding in Japan and India. In certain areas, Google’s Search Labs will start offering the new AI-powered search function, also known as SGE, which will add a new feature […]

Hyundai's Indian unit to acquire GM's Talegaon plant
Business

Hyundai’s Indian unit to acquire GM’s Talegaon plant

Hyundai Motor Co.’s Indian arm is set to acquire General Motors’ Talegaon plant in Maharashtra, a strategic move that not only enables the U.S. automaker’s exit from the Indian market but also propels Hyundai’s annual production capacity. By adding the Talegaon facility to its existing Sriperumbudur plant near Chennai, Hyundai is embarking on a mission […]

Apple, Foxconn partner to manufacture airpods in India
Tech

Apple, Foxconn partner to manufacture airpods in India

Apple is said to produce its renowned wireless earphones, AirPods, at Foxconn’s factory in Hyderabad according to reports. This move is expected to further solidify India’s position as a key hub in Apple’s global supply chain. Foxconn, a major player in electronic manufacturing, has greenlit a substantial investment of $400 million for the Hyderabad facility. […]

India hits break on PC importation ban
News Tech

India hits break on PC importation ban

The Indian government has suspended the law that directed all PC makers to obtain a licence before importing their equipment days after. The start of the permit programme was absolutely unanticipated, and it is said to have caused Samsung and Apple to stop shipping products. The licencing plan was updated on Friday by India’s Directorate […]

Laptop dealers struggle amidst high costs, low demand
Business

India bans foreign importation of laptops, tablets

In the bid to bolster local manufacturing, the Indian government has swiftly imposed restrictions on imports of laptops, tablets, and personal computers, as announced in a notice on Thursday. This move signifies a resolute effort to stimulate domestic production, with the notice stating, “Their import would be allowed against a valid license for restricted imports.” […]

Foxconn invests $600m in Indian iPhone component project
Tech

Foxconn invests $600m in Indian iPhone component project

Tech giant, Foxconn is set to inject a substantial $600 million into India’s tech landscape, as it embarks on two pivotal projects in the southern state of Karnataka. The Taiwanese company’s strategic move involves chip equipment manufacturing and casing components for iPhone models, signaling a significant investment in India’s burgeoning tech industry. Of the total […]

31.5 million Nigerians at risk of food crisis - Report
featured News

Rice prices to increase as India bans product exports

The world’s biggest rice exporter, India has banned some overseas sales of the grain “with immediate effect”, in a move that could drive international prices even higher.   Rice is a major world food staple and prices on international markets have soared to decade highs as countries, especially, Nigeria, grappled with the Covid pandemic, the […]

Tinubu, Dangote, Elumelu, Otedola, 35 others to attend business summit in Indian
Business

India to overtake China as Nigeria’s top trading partner – Report

In the coming decade, India is expected to overtake China as Nigeria’s top trading partner, according to a report by Standard Chartered and its partners. Nairametrics reported that the “Future of Trade 2030- Trends and Markets to Watch” research noted that Nigeria’s fastest and largest export corridor will be India, with exports anticipated to rise […]

Nigerian, Indian flag
Investment

India invests $20bn in Nigerian economy — Envoy

Indian companies have invested a total of $20billion into the Nigerian economy through the setting up of manufacturing companies and creating jobs.   According to The Nation, its Consulate-General in Lagos, Shri Chandramouli Kern, said Nigeria is also the biggest trading partner of India with trading volumes hovering around $15billion yearly.   Kern, made this […]

Apple first store in India
Business

Apple unveils first store in India 

Apple has on Wednesday unveiled the look of its first retail store in India, with people gathering outside to catch a glimpse of its black and yellow artwork. According to Reuters, the store is still in barricades and expected to open in April. Despite only having a 3% share of India’s smartphone market due to […]

Foxconn
Business

Apple supplier Foxconn plans $200m AirPod factory in India

Apple’s largest IPhone assembler, Foxconn has won an order to make AirPods for Apple and plans to establish the factory for the wireless earphones in India. This was according to the information Igotten from two individuals with direct knowledge of the company’s decision and told Reuters. This contract will make Foxconn an AirPod supplier for […]

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