Mobile Phone Production in India May Reach 500 Million in 2 Years: DoT

Mobile Phone Production in India May Reach 500 Million in 2 Years: DoT

Mobile Phone Production in India May Reach 500 Million in 2 Years: DoT
Mobile phone manufacturing in the country may reach 500 million units in coming two years on the back of good base of talent and an incentive policy, a top Department of Telecom (DoT) official said Sunday.

This year, India produced 100 million phones as compared to 45 million last year.

“The number of phones being manufactured was 10 million sometime back (which increased) to 45 million last year and 100 million this year. The time has come when we will reach 500 million, may be in 2 years,” Telecom Secretary J S Deepak said in New Delhi.

(Also see: Mobile Phone Production in India Reaches 100 Million)

He was speaking on the second day of a seminar on Telecom and Broadcasting theme – ART (Adjudication, Regulation, Telecommunication) of Convergence, TDSAT.

He added that apart from phones, the differential tariff is helping domestic manufacturers to get into other areas like medical electronics, consumer electronics as well as broadband equipment, set up boxes.

“Today with base of talent and incentive policy, India is becoming a global hub for manufacturing of phones and specially low-end phones,” he added.

The government is making efforts to reduce imports of electronic products and meet requirement of domestic market through indigenous production.
The government has received proposals worth Rs. 1.13 lakh crore in the electronics manufacturing segment from major brands under the modified special incentive package scheme (M-SIPS).

M-SIPS has been extended till July 2020, which was earlier valid till July 2017. The scheme offers capital subsidies to large investments in electronics manufacturing and system design.

The Secretary also said that making high-speed broadband available to individuals in rural areas is a priority of the government.

According to a survey, he said, while Internet users may have touched 400 million, broadband users are in the range of 40-50 million and growing very slowly in rural areas.

“May be 7 percent people in rural areas use Internet.

More importantly, it’s the issue of digital divide. We have only 14 percent rural households which are digitally literate…this needs to change,” he said.

Tags: DoT, Mobiles, Telecom

[“Source-Gadgets”]

LeEco Membership Extended to 3 Years for Buyers of Both Smartphones, TVs

LeEco Membership Extended to 3 Years for Buyers of Both Smartphones, TVs

Global Internet and technology conglomerate LeEco on Friday announced the extension of its membership programme from one year to three years for buyers of both its ‘Superphones’ and Super TVs.

LeEco currently bundles one year of LeEco Membership with every handset, starting with the Le 1s in Eco in May. With the launch of its Super TVs, LeEco offered two years of membership.

Superphone users can now extend their membership to three years with the purchase of a Super TV.

LeEco at the beginning of August launched its Super3 series of televisions in India. Three models of the series are being made available in the country, the 55-inch Super3 X55, the 65-inch Super3 X65, and the 65-inch flagship model – the Super3 Max65. All three offer 4K Ultra HD (3840×2160) resolutions, while only the flagship model supports FPR 3D and comes with bundled glasses.

The LeEco Super3 X55 has been priced at Rs. 59,790, while the LeEco Super3 X65 has been priced at Rs. 99,790, and the LeEco Super3 Max65 has been priced at Rs. 1,49,790.

x

The LeEco televisions launched in India come preloaded with the company’s own content-viewing apps, such as Le Vidi, Le Live, LeView along with other tailor-made apps like Panosearch. LeEco says this will users access to roughly 2,000 films from Hollywood and Bollywood, more than 100 satellite TV channels, 3.5 million songs (which will come soon via software upgrade), and more than 50 live concerts.

Written with inputs from IANS

Share a screenshot and win Samsung smartphones worth Rs. 90,000 by participating in the #BrowseFaster contest.

Tags: LeEco, LeEco Super3 Tvs, 4K TVs, Home Entertainment, LED TVs

 

[“Source-Gadgets”]

SecureWorks Raises $112 Million in Year’s First Technology IPO

SecureWorks Raises $112 Million in Year's First Technology IPO

Dell Inc’s cyber-security unit SecureWorks Corp raised $112 million in the first US initial public offering of a technology company in 2016, less than it had hoped for, amid investor skepticism over its profit margins and prospects.

Market jitters and fluctuations in technology stocks have kept investors skittish about the sector. This time last year, six technology companies had already priced their IPOs, raising a total of $1.6 billion, according to Thomson Reuters data.

SecureWorks priced 8 million shares on Thursday at $14, missing its previously indicated $15.50-$17.50 range, according to a person familiar with the matter. The company was originally aiming to price 9 million shares.

The source asked not to be identified ahead of an official announcement. SecureWorks did not immediately respond to a request for comment.

Technology investors are hoping SecureWorks will open the door for other IPOs in the sector. Technology companies such as storage provider Nutanix Inc have kept their IPO plans on hold, waiting for a more favourable market environment.

In November, payment provider Square Inc completed an IPO that valued it at $2.9 billion, nearly half of the $6 billion valuation that private investors had previously assigned to it.

x

Founded in 1999, SecureWorks helps small- and medium-sized businesses manage their security services and protect their networks. Large technology and services firms have bought many of SecureWorks’ rivals in recent years such as Solutionary, Trustwave and SilverSky. It has 4,200 clients in 59 countries.

Cyber-security companies captured investors’ attention last year, amid a spate of high profile hacker attacks. Nevertheless, several of the cyber-security companies that went public in recent years have faltered in the public market. Firms such as FireEye continue to trade under their 2013 IPO price.

Several security companies remain on deck for an IPO. SoftOptiv Security LLC and Blue Coat Systems Inc have both hired investment banks for IPOs expected to come later this year.

The IPO comes as its parent company Dell Inc, which purchased SecureWorks in 2011, is awaiting approval for its proposed acquisition of EMC Corp. SecureWorks has said it will use proceeds from the offering to fund growth initiatives and not support Dell’s own business.

SecureWorks shares are scheduled to start trading on Nasdaq on Friday under the symbol “SCWX.”

Bank of America Corp, Morgan Stanley, Goldman Sachs Group Inc and JPMorgan Chase & Co are among the underwriters for SecureWorks’ IPO.

© Thomson Reuters 2016

Share a screenshot and win Samsung smartphones worth Rs. 90,000 by participating in the #BrowseFaster contest.

Tags: Apps, Dell, Internet, Laptops, PC, SecureWorks

[“Source-Gadgets”]

Aditya Birla Nuvo, Grasim fall most in 8 years after merger announcement

The merger is not only complicated in its structure, but also unconvincing on several other elements, including the valuations of the holding company and its disadvantage to minority shareholders. Photo: AFP

The merger is not only complicated in its structure, but also unconvincing on several other elements, including the valuations of the holding company and its disadvantage to minority shareholders. Photo: AFP

Mumbai: Aditya Birla Nuvo Ltd shares on Friday tanked close to 24.63% intraday as analysts and minority investors disapproved of its proposed merger with Grasim Industries Ltd. The merger is not only complicated in its structure, it is also unconvincing on several other elements, including the valuations of the holding company and its advantage to minority shareholders.

Grasim shares declined close to 8.35% intraday.

Both stocks saw their biggest single-day fall in eight years,Bloomberg data showed.

Aditya Birla Nuvo touched a low of Rs1,180 a share, a level last seen on 30 June, and fell as much as 24.63%, its steepest fall since 24 October 2008. It closed the day at Rs1,290.15, down 17.6% from the previous close.

Grasim Industries touched a low of Rs4,160 a share, a level last seen on 11 June, and fell as much as 8.35%, its steepest fall since 11 December 2008. It closed the day at Rs4,565, up 0.57% from the previous close.

HSBC Securities and Capital Markets India Pvt. Ltd trimmed its target price as well as stock recommendation on Grasim to “hold” from “buy”. Other domestic and international brokerage firms are reviewing their forecasts based on the management commentary following the merger announcement on Thursday evening.

“Merger will likely remain an overhang as increasing complexity will be perceived negatively. Concerns regarding increasing complexity with addition of several non-core businesses remain,” said an HSBC note.

ALSO READ | Aditya Birla to merge Nuvo, Grasim

Emkay Global Financial Services Ltd saw the merger transaction as a negative for existing shareholders. “Grasim becomes a holding company for the financial services business (in addition to being the holding company for cement business, UltraTech). Likelihood of using cash flows to fund Idea’s requirements is an additional negative. We don’t see any synergistic benefits from this transaction,” it said, downgrading its recommendation on Grasim to “reduce” from “buy”.

Analysts said that minority shareholders are likely to raise objections to the merger deal as Grasim will continue to get the same or higher holding company discount when compared with Aditya Birla Nuvo. This is simply because Grasim will become the holding company of Idea Cellular Ltd and the demerged financial services entity which will be named Aditya Birla Financial Services Ltd under the new structure.

“There is no value unlocking foreseen through the deal,” said an analyst with an American broking firm, on condition of anonymity due to the firm’s compliance rules.

CLSA in a note to investors wrote that the transaction creates a complex conglomerate and adds confusion for minority shareholders. “The new company has multiple businesses that share no commonality whatsoever,” it said.

The Aditya Birla Group is merging two of its main companies, Aditya Birla Nuvo and Grasim Industries, both of which also serve as holding companies, in an attempt to create a stronger entity, and unlock shareholder value by spinning off and listing one of Nuvo’s subsidiaries, Aditya Birla Financial Services Ltd (ABFSL).

ALSO READ | The rise of Aditya Birla Financial Services

“Grasim will suffer the holding company, conglomerate discount that Aditya Birla Nuvo suffered for all these years. Sector-focused investors will not invest in such a diversified entity when there are direct operating entities listed,” said Shriram Subramanian, founder and managing director at proxy advisory InGovern Research Services Pvt. Ltd.

“If you see the beneficial interest of promoters in each of the companies, it is in the range of 20-30%, yet the promoters are able to retain control through cross-holdings and layering,” Subramanian said. So, the to-be-listed Aditya Birla Financial Services will have only 26% minority shareholders, and promoters will have 74% control, while the “true” beneficial interest of the promoters is only 39%, he said.

“We always advocate simple shareholding structures and business structures, but this maze of businesses will disappoint investors,” Subramanian added.

The merger will create an entity with yearly revenue of Rs59,766 crore, net profit of Rs4,245 crore and earnings before interest, tax, depreciation and amortization, a measure of operating profitability, of Rs12,000 crore.

Each shareholder of Nuvo will receive three new equity shares in Grasim for every 10 held. That means a shareholder with 100 shares of Aditya Birla Nuvo will end up with 30 shares of Grasim. And each shareholder of Grasim (post-merger) will receive seven shares in ABFSL for each share held. That means a shareholder with 100 Grasim shares will also get 700 shares of the finance company. In aggregate, each shareholder of Aditya Birla Nuvo who owns 100 shares will receive 30 shares in Grasim and 210 in ABFSL, Mint reported.

“It’ll come up for voting. I think we looked at multiple options of restructuring and when we looked at all the options, I think we felt as a management team, this is a restructuring which makes sense for both sets of shareholders,” Ajay Srinivasan, chief executive, ABFSL, said during a conference call to investors’ concerns over dilution in the holding in the financial services business and whether the board had other alternatives to the merger plan.

“…there would be pros and cons for every structure, which one can consider. And I think we can keep debating on that, but at the end of the day when we looked at the shareholders’ perspective and what makes sense for shareholders, we thought this is a great way of restructuring and giving access to shareholders directly to financial services, and at the same time take care of the residual, a smaller holding company, which would have risen as a result of a demerger of financial services.

“What we presented to shareholders to look at is a very strong company, which offers pretty much a proxy to the India growth story. It’s a mix of manufacturing and services businesses. It is the story which delivers significant growth going forward and this is an option to shareholders to either invest in this company or look at investing in each of the operating businesses, which we are giving as an option,” Srinivasan explained.

[“Source-Livemint”]

20 Years Later, Quake Gets a New Free Episode

20 Years Later, Quake Gets a New Free EpisodeHIGHLIGHTS

  • With Quake turning 20, a new episode has been released.
  • It’s free and can be installed easily.
  • The new episode is developed by Machinegames.

In celebration of classic first-person shooter Quake turning 20 last week, Machinegames – developers of the superb Wolfenstein: The New Order and its expansion, Wolfenstein: The Old Blood, comes a new episode for the game. And it’s free.

“Happy 20th to Quake @idsoftware! As a gift to the fans, we created a new episode of the gamehttp://cdn.bethsoft.com/quake/dopa.rar,” tweeted the developer.

As for installing the episode, simply extract the archive in its own subdirectory within the Quake directory on your PC. After this, run the file labelled Dopa. This works on both GOG and Steam versions of the game.

The seminal shooter has been in the news of late due to the announcement of its the next entry in the series, Quake Champions. At E3 2016, publisher Bethesda revealed that Quake Champions would be a multiplayer-only affair exclusively for PCs. Though we suspect it will make its way to consoles soon enough.

Along with Doom, Quake pioneered the first-person shooter genre and multiplayer gaming as we know it. Prior to E3, a slew of job listings for id’s Texas and Frankfurt offices discovered by Tweaktown indicate the possibility of a new Quake game.

“id Software is looking for a Senior Physics & Simulation Programmer to work as part of a development team on legendary id game properties like DOOM and QUAKE,” reads one of the listings at the time. It could mean nothing. But when combined with the sheer number of open positions and the fact that Doom has just been released, could mean that id is working on a new Quake title in addition to Quake Champions or perhaps an entry into its other franchises.

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

Tags: 20th anniversary Quake, Bethesda, First Person Shooter, FPS, how to install new Quake episode, id, id software,Machinegames, PC Games, PC Gaming, Quake, Quake 1, Quake 1996, Quake anniversary, Quake Champions,Quake New Episode Download, Quake New Episode Free Download, Quake Reboot, Wolfenstein
[“Source-Gadgets”]

twenty years Later, Quake gets a brand new free Episode

20 Years Later, Quake Gets a New Free Episode

HIGHLIGHTS
With Quake turning 20, a brand new episode has been released.
it is loose and may be established without problems.
the new episode is developed by means of Machinegames.
In party of conventional first-man or woman shooter Quake turning 20 ultimate week, Machinegames –developers of the splendid Wolfenstein: the brand new Order and its growth, Wolfenstein: The vintageBlood, comes a brand new episode for the sport. And it’s free.

glad twentieth to Quake @idsoftware! As a gift to the lovers, we created a new episode of the sporthttp://cdn.bethsoft.com/quake/dopa.rar,” tweeted the developer.

As for putting in the episode, truly extract the archive in its personal subdirectory in the Quake directory to your computer. After this, run the document labelled Dopa. This works on each GOG and Steam variationsof the sport.

The seminal shooter has been within the news of overdue because of the statement of its the subsequent access inside the series, Quake Champions. At E3 2016, writer Bethesda discovered that Quake Champions could be a multiplayer-only affair exclusively for desktops. though we suspect it’llmake its manner to consoles quickly sufficient.

along with Doom, Quake pioneered the firstindividual shooter genre and multiplayer gaming as wecomprehend it. previous to E3, a slew of process listings for id‘s Texas and Frankfurt offices discoveredvia Tweaktown indicate the opportunity of a new Quake game.

identity software is seeking out a Senior Physics & Simulation Programmer to paintings as a part of adevelopment team on mythical identification sport properties like DOOM and QUAKE,” reads one of thelistings at the time. it can mean nothing. but while combined with the sheer variety of open positions and the truth that Doom has just been launched, could suggest that identification is running on a brand new Quake identify similarly to Quake Champions or perhaps an entry into its other franchises.

down load the gadgets 360 app for Android and iOS to stay updated with the ultra-modern tech news, product evaluations, and distinctive deals at the famous mobiles.

Tags: 20th anniversary Quake, Bethesda, First individual Shooter, FPS, the way to set up new Quake episode, id, id software program, Machinegames, computer games, laptop Gaming, Quake, Quake 1, Quake 1996, Quake anniversary, Quake Champions, Quake New Episode down load, Quake New Episodeunfastened download, Quake Reboot, Wolfenstein

large B: Shah Rukh, Salman and Aamir must paintings For every other 100 Years

Amitabh Bachchan

“SHAH RUKH, SALMAN AND AAMIR ARE DOING incredible work. i’m hoping THEY continue AS they’re. THEY have to maintain (paintings) FOR any other a hundred YEARS. they may be INSPIRING a lot ofhumans. they’re A exceptional source OF concept, joy. I desire THEM all of the quality,” statedAMITABH BACHCHAN
Actor Amitabh Bachchan stated that the 3 Khans of Bollywood – Salman, Shah Rukh and Aamir, are doingextraordinary work and that they need to keep working for every other a hundred years.

they may be doing super paintings. i hope they continue as they’re. They have to retain (work) forsome other a hundred years,” stated Mr Bachchan.

they may be inspiring a lot of people. they’re a tremendous supply of idea, joy. I desire them all theexcellent,” he delivered.(also examine: The Khans Are Turning 50: Katrina Says ardour keeps Them Going)

Mr Bachchan, who turned 73 on October eleven, stated that he wants to keep working as long asfeasible.

let me pass the way i’m going. I don’t know what’s going to happen within the destiny. i’d need tokeep running so long as i’m able to do,” he said.

The actor is pretty enthusiastic about his new television display Aaj Ki Raat Hai Zindagi.

it is an interesting, quality display. There are people who do good paintings, assist others, deliver a smile on the face of others. I feel that I also can do it via my medium,” he stated.

Mr Bachchan additionally stated that the cancellation of Pakistani singer Ghulam Ali’s live performance is a political be counted.

it’s far a political matter and i’m not in politics. So it isn’t right on my component to say an awful lot. Thegovernment ought to give you guidelines and one will comply with that,” he introduced.

Ghulam Ali’s concert in Mumbai became cancelled following threats from the political party Shiv Sena.

regarding the FTII difficulty, Mr Bachchan stated: “i’m no longer privy to the difficulty. It isn’t right to say anything on it.”

the students of the movie and television Institute of India had been protesting for over one hundred twenty days against the appointment of television actor and BJP member Gajendra Chauhan as its chairman.

Sony Posts largest Annual profit in eight Years on Restructuring, games

Sony Posts Biggest Annual Profit in 8 Years on Restructuring, Games

jap electronics maker Sony Corp on Thursday stated its largest annual operating profit since monetary2007 due to value cuts in its struggling cellphone commercial enterprise and brisk call for forplaystation four videogames.

running earnings extra than quadrupled to CNY 294.2 billion ($2.70 billion) for the year ended March,roughly in line with the company‘s forecast introduced in advance this month.

however between the lines, Sony’s growth prospects can be referred to as into query as its devicescommercial enterprise, consisting of image sensors which have been crucial to revival in current years, swung to a loss of CNY 29 billion from a earnings of CNY 89 billion a year prior.

as it had previously flagged, Sony did no longer difficulty any income steerage for this business 12 months because it endured to assess the impact of earthquakes this month that halted production at itsphoto sensor plant in southern Japan. On Thursday, it stated the halt should causepredominant losses”.

The income bounce indicates that massive restructuring in patron electronics divisions consisting of cellphones and televisions is paying off after years of losses.

Sony has been transferring attention to better-margin products inclusive of sensors, but a worldwideslowdown due to the fact that past due remaining 12 months inside the market for highendsmartphones – which feature excessive-spec cameras – has dented sensor sales.

Its most important customers consist of Apple Inc, which on Tuesday mentioned its first-ever decline in iPhone sales because it struggles with an increasingly saturated market.

© Thomson Reuters 2016

down load the gadgets 360 app for Android and iOS to stay updated with the modern-day techinformation, product reviews, and different offers on the famous mobiles.

Tags: Gaming, domestic leisure, Mobiles, Sony

EU Privacy Watchdogs Could Seek US Data Pack Review in 2 Years: Reports

EU Privacy Watchdogs Could Seek US Data Pack Review in 2 Years: Reports

European privacy watchdogs could ask for a review in two years of a new transatlantic data pact designed to help companies such as Microsoft and IBM to shuffle around user data, according to three people familiar with the matter.

European data protection authorities are assessing whether to endorse the EU-US Privacy Shield, a framework agreed in February that will allow companies to move Europeans’ data to the United States without falling foul of strict EU data transferral rules.

But the regulators have concerns about how much data US government agents can collect and access as well as the independence of a new US “ombudsperson” to handle EU complaints about US surveillance practices, the people said.

“Who is independent enough? Independence is a key criteria to addressing the real position of this person,” Isabelle Falque-Pierrotin, chair of the group of 28 EU data protection authorities, said last week in Washington when asked about the ombudsperson.

The regulators also have doubts about US assurances that Europeans’ data transferred to the United States will not be subject to indiscriminate mass surveillance, two of the people said.

The EU regulators might ask for the framework to be reviewed when a stricter EU data protection law comes into force in 2018 to see if it still meets EU privacy standards, the people said.

That would be separate from the annual review already foreseen in the agreement with Washington.

Falque-Pierrotin had hinted at the idea at a hearing in the European Parliament in March.

The regulators’ opinion will be published on Wednesday at the end of a two-day meeting. While non-binding, it is important because the regulators enforce EU data protection law and can suspend specific data transfers.

In addition, the opinion will be watched closely by EU member state representatives who have to give their approval for the Privacy Shield to be formally adopted.

Commercial data transfers to the United States have been conducted in a legal limbo since October last year when the top EU court struck down Safe Harbour, a framework that for 15 years allowed over 4,000 companies to avoid cumbersome EU data transfer rules by stating that they complied with EU data protection law.

Revelations almost three years ago by former intelligence contractor Edward Snowden of mass US Internet surveillance programmes sparked outrage in Europe.

While privacy and consumer groups have urged the regulators not to lend their support to the Privacy Shield, arguing that it does not solve fundamental flaws with US enforcement of privacy, businesses have appealed for it to be swiftly approved.

© Thomson Reuters 2016

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

Tags: Data transfer, Facebook, IBM, Internet, Microsoft, Privacy Shield, Social
[“Source-Gadgets”]

Micromax Says May Invest Rs. 2,000 Crores in Manufacturing in the Next 5 Years

Micromax Says May Invest Rs. 2,000 Crores in Manufacturing in the Next 5 Years

Micromax, country’s second-largest handset maker is likely to invest around Rs. 2,000 crores in the next five years in manufacturing and new product lines, its co-founder Rajesh Agarwal said Thursday.

He said the company is expected to clock Rs. 15,000 crores revenues during the current fiscal. It recorded Rs. 12,000 crores revenues last year.

“We are planning to manufacture accessories such as batteries, chargers here in the country. The backward integration will happen in a period of next five to six years.

I think over next five to six years we will be investing Rs. 2,000 crores on complete manufacturing activities,” Agarwal told reporters in Hyderabad.

The new manufacturing facility of Micromax was Thursday inaugurated in Hyderabad by Telangana IT Minister K T Rama Rao in presence of state Transport Minister P Mahendra Reddy.

Spread across 19 acres, the facility will make mobile handsets, LED TVs, LED lights among others.

The mobile maker has a plant in Rajasthan also. He said the current size of mobile phone market in the country is 220 million units per annum and the brand enjoys a market share of 14 percent.

“We are talking a growth of about 25 percent this year. Our target this year would Rs. 15,000 crores. Today, we are selling around 2.5 million units per month. That’s our run rate. We launched LED television sets around one and half years ago. We are one of the fastest growing LED TV companies in the country,” he claimed.

Agarwal said they are open to join with other companies to bring in the electronic component manufacturing to the country. “We will request the Telangana Government to allot some land for setting up Research and Development facility here,” he added.

The company has already invested over Rs. 100 crores in its Hyderabad project in the first phase, he said.

On exports, the co-founder said Micromax is currently exporting to around five countries and has plans to expand the footprints to African and European countries in future.

The Telangana facility currently employs 700 people and will increase the number to 1,000 in the next two months, boosting employment opportunities in the state.

“Telangana government strongly believes in the vision of ‘Make in India’ and has always encouraged corporates to establish their factories and R&D centres in the state,” Rao said.

Agarwal said the company aims to be India’s largest indigenous phone manufacturer by 2017.

By the end of the year, it plans to have two more plants in Rajasthan and Madhya Pradesh that will give the company a total capacity of five million units.

These facilities will manufacture both phones and televisions. The projects will entail investment of Rs. 300 crores and create job opportunities for over 10,000 people by 2017.

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

Tags: India, Make in India, Micromax, Micromax Canvas 6, Micromax Canvas 6 Pro, Mobiles
[“source-Gadgets”]