Pankaj Doval

New Delhi

National Editor at The Times of India

National Editor @timesofindia. News hound, 4am friend, curious soul... Link: https://t.co/zfx9e9R0bM

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Articles

Satellite communication companies need to pay 4% fee on revenue: Trai

4 days ago | timesofindia.indiatimes.com | Pankaj Doval

Trending NEW DELHI: Telecom regulator Trai on Friday recommended a charge of 4% of adjusted gross revenue (AGR) for satellite communications operators, such as Elon Musk's Starlink, Bharti Enterprises-backed OneWeb and Jio-SES, and said the companies should be assigned spectrum for a period of five years, that can be extended by another two years.The regulator also proposed charges on satcom companies when acquiring customers in urban areas, while recommending subsidy for installation in dark...
Routematic raises $40 million in funding round

1 week ago | timesofindia.indiatimes.com | Pankaj Doval

NEW DELHI: Business-to-business ride services company Routematic has raised $40 million in a funding round led by venture capital firm Fullerton Carbon Action Fund and Shift4Good, senior company officials said on Wednesday.The company plans to use the fund to strengthen its business matrix and expedite its journey towards public listing, Founder and CEO Sriram Kannan said."We have signed a shareholder agreement for a $40 million fundraise.
Auto cos fear lower UK tariffs may lead to Chinese dumping

1 week ago | timesofindia.indiatimes.com | Pankaj Doval

The Indian auto industry is cautiously responding to the FTA with the UK, anticipating reduced import duties. While component manufacturers are optimistic about increased exports, car companies are wary of potential tariff replications and the risk of Chinese parts being diverted through the UK. New Delhi: The Indian automobile industry reacted with caution to FTA with the UK, which aims to reduce import duty to 10%.
'US trade deal mother of all opportunities'

1 week ago | timesofindia.indiatimes.com | Pankaj Doval

Dixon Electronics aims to capitalize on US tariffs and India's manufacturing advantages, positioning itself as a potential Foxconn. Chairman Sunil Vachani highlights India's large workforce, low-cost manufacturing, and government incentives as key strengths. He emphasizes the need for strategic partnerships with established component suppliers to accelerate growth and avoid missing the current opportunity.
Most US iPhones will be made in India now: Apple Tim Cook

1 week ago | timesofindia.indiatimes.com | Pankaj Doval

TrendingApple is shifting its iPhone manufacturing hub to India for US-bound shipments starting in the June quarter, with Foxconn and Tata Group scaling up production. This strategic move aims to mitigate potential tariff impacts from China.
Mahindra, Tata Motors push Hyundai out of top 3

1 week ago | timesofindia.indiatimes.com | Pankaj Doval

NEW DELHI: Hyundai was pushed out of the top 3 in Indian car market in first month of the new financial year as homegrown Mahindra & Mahindra and Tata Motors surged past the Korean car major. Maruti Suzuki was on top of the list. Mahindra emerged as the second-biggest in April, with wholesale dispatch of 52,330 units (28% growth). The company is driving strong with its set of SUVs, such as ScorpioN, Thar and XUV range, while also gaining some numbers with newly-launched electrics XEV9e and BE6.
Optiemus, Dixon sign deals with Taiwan companies

2 weeks ago | timesofindia.indiatimes.com | Pankaj Doval

NEW DELHI: With US tariffs looming large over global manufacturing hubs, some multinational electronics component suppliers started coming to India for partnerships and joint ventures.Leading electronics contract manufacturersDixon Technologies and Optiemus have struck partnerships with separate Taiwanese suppliers, growing their footprint in terms of product portfolio & potential client base. The development aligns with govt's focus on the Make in India programme.
Apps gave Apple $5.3 billion in India in 2024

2 weeks ago | timesofindia.indiatimes.com | Pankaj Doval

Apple's iOS app ecosystem in India has generated significant revenue, reaching $5.3 billion in 2024. This surge has propelled Apple's overall business engagement in India to nearly $27 billion, encompassing iPhone sales, exports, and app store transactions. Indian developers have greatly benefited, with their global earnings tripling in the last five years, marking a substantial economic impact.
Apple has no 'immediate' plan to make MacBooks, iPads in India

2 weeks ago | timesofindia.indiatimes.com | Pankaj Doval

While India benefits from iPhone manufacturing due to US-China trade tensions, Apple currently has no plans to move MacBook and iPad production to India. The decision is influenced by limited domestic sales and the complexities of establishing a robust supply chain. However, Apple is exploring expanding its India manufacturing base beyond iPhones and AirPods, signaling a potential shift in strategy.
Maruti goes slow on new plant amid sluggish sales

2 weeks ago | timesofindia.indiatimes.com | Pankaj Doval

Maruti Suzuki is slowing down land acquisition for its second Gujarat factory, a Rs 35,000-crore project, due to sluggish car sales growth. Chairman R C Bhargava stated that current expansion plans in Haryana and Gujarat are sufficient, given the market's 1-2% growth. NEW DELHI: Maruti Suzuki has decided to go slow on land acquisition for a planned Rs 35,000-crore second factory in Gujarat due to poor growth in car sales.