Government Said to Likely Give Time to Laptop Companies to Apply for Licences

[ad_1] The government is likely to give more time to companies to apply for licences to import laptops and other devices, extending stipulated timelines of import restrictions, IT Ministry sources said. The move will come as a part breather to companies. The timelines may be extended, maybe by a month or so, they said adding … Read more

Odisha to Get Rs. 30,000 Crore Semiconductor Unit Set Up by UK-Based Firm

[ad_1] A UK-based company is planning to set up a semiconductor fabrication unit in Odisha’s Ganjam district with an investment of Rs. 30,000 crore in the first phase, officials said. The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding … Read more

Lenovo Quarterly Revenue Falls 24 Percent as PC Demand Continues to Slump

[ad_1] China’s Lenovo Group on Wednesday reported a 24 percent fall in revenue for the January-March quarter, meeting market expectations, as demand for personal computers (PCs) continued to slump. The world’s largest PC maker said fourth-quarter revenue was $12.63 billion (roughly Rs. 1,04,497 crore), down 24 percent from the same period a year earlier and … Read more