As US President Donald Trump threatens to impose tariffs on trading partners, India has lowered its basic customs duties in its latest annual budget and is reportedly reducing the agriculture infrastructure and development cess.
India cuts import taxes on electronics components to boost local manufacturing
In a bid to strengthen India's position in global supply chains and boost local manufacturing, the Indian government has eliminated import taxes on several electronics components as part of its newly unveiled federal budget for the 2025-26 fiscal year.
India reportedly reviewing import tariffs to avoid trade tension with US
According to Reuters, India is set to review import tariffs on more than 30 items, such as luxury cars, solar cells, and chemicals. This move may increase imports from the US amid rising global trade tensions. While no timeline for the review process was provided, analysts suggest it could take several months.
Sam Altman highlights India's pivotal role in AI, especially in small model development
On the concluding stage of his Asian tour, OpenAI CEO Sam Altman highlighted India's capacity to become a leader in artificial intelligence (AI), especially in developing smaller models. With OpenAI seeking to broaden its market, Altman pointed out the company's keen interest in India's vibrant developer ecosystem as a key component of its expansion strategy.
Cadence aims to strengthen its presence in India's growing data center sector
Cadence Design Systems is deepening its presence in India's data center sector, focusing on localized R&D, tailored solutions, and partnerships with Indian tech companies, academic institutions, and the government. The company aims to drive innovation through its Reality DC Design tool, leveraging AI and digital twin technology to optimize energy efficiency and infrastructure for India's growing AI and data center market.
Apple surpasses 10% market share in India as MediaTek leads smartphone SoC market
In 2024, India experienced slight growth in smartphone shipments but saw a significant increase in revenue driven by premiumization. MediaTek maintained its lead in the smartphone SoC market, while the iPhone captured over 10% market share for the first time in India.
Pegatron cuts shareholding of Indian iPhone plant to 40%
Pegatron has disclosed that it has reduced its holding in an Indian subsidiary to 40%, confirming reports saying India's Tata Electronics has acquired a 60% stake in the Taiwanese maker's iPhone manufacturing plant in the South Asian country.
Shein returns to India in partnership with Reliance under market-for-technology
Shein, the Chinese fast-fashion company, has returned to India nearly five years after a ban, partnering with Mukesh Ambani's Reliance Retail, highlighting India's adoption of a market-for-technology approach similar to China's.
India, Europe diverge from the US on DeepSeek, igniting AI ambitions
Hangzhou-based AI startup DeepSeek has made global waves with the launch of its large language model (LLM). While US mainstream media remains largely critical, international coverage—especially in India and Europe—has taken a more optimistic stance on its potential impact.