Foldable smartphone shipments up by 19% in India, Samsung leads

India registered a growth of 19% (year-on-year) in shipments of foldable smartphones in the first quarter (Q1) of 2024, as per a new report released Wednesday, July 10. The report mentioned Samsung as the market leader.

According to Counterpoint Research, Samsung led the foldable market with a 79% share, with the Galaxy Fold 5 accounting for half of the brand’s foldable shipments.

Indian startup raises $239K from US angel investors

An Indian startup in the student gig economy has raised ₹2 crores ($239K) from two US-based angel investors.

Founded by Mythri Kumar and Apoorv Sharma Prasad, Timbuckdo is an innovative platform designed to connect students with part-time gig opportunities, bridging the gap between students seeking flexible employment and businesses in need of part-time support.

India, Russia scale trade target to $100 billion by 2030, to move forward on FTA with EEU

India and Russia have scaled the trade target between themselves, setting it to $100 billion by 2030, India’s Foreign Secretary Vinay Kwatra said on Tuesday.

Indian Prime Minister Narendra Modi and Russian President Vladimir Putin discussed larger space of economic engagement, covering trade, capital linkages, energy, science and technology cooperation, and defence and security during the former’s two-day visit to the nation this week.

India’s multi-billion-dollar outsourcing industry could take a hit if Donald Trump is elected President

Former US President Donald Trump has promised to end outsourcing if re-elected, which should sound alarm bells across India’s multi-billion-dollar outsourcing industry whose largest customer is the US.

“Stop outsourcing, and turn the United States into a manufacturing superpower,” said Trump’s 2024 Republican Party Platform released ahead of the party convention next week to appoint him as the party nominee for the White House, in his third run.

Indian-origin Anima Anandkumar, Shrikanth Narayanan win IEEE 2025 Technical Field Awards

Two Indian American professors have received the IEEE 2025 Technical Field Awards for “exceptional achievements and outstanding contributions” and making a “lasting impact on technology, society, and the engineering profession”.

Bren Professor of Computing at California Institute of Technology, Anima Anandkumar and University of Southern California professor Shrikanth Narayanan have been named as winners for the prestigious award.

Multiple bugs found in Microsoft Edge, Indian cyber agency alerts users

The Indian Computer Emergency Response Team (CERT-In) has warned users of multiple vulnerabilities in Microsoft Edge (Chromium-based) which could allow an attacker to exploit the targeted system.

“Multiple vulnerabilities have been reported in Microsoft Edge (Chromium-based) which could allow an attacker to compromise the targeted system,” said the CERT-In advisory.

SEMICON West 2024 to spotlight investments in U.S. semiconductor manufacturing, AI

Government, industry leaders, and investors will gather at the SEMICON West 2024 from July 9-11 at the Moscone Center in San Francisco.

The event is hosted by SEMI, a global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. Through SEMICON expositions and events, technology communities, standards, and market intelligence the organization helps advance its members’ business growth and innovations in design, devices, equipment, materials, services, and software, enabling smarter, faster, more secure electronics.

India modernizes Telecom regulations: spectrum efficiency takes center stage

The Government of India on Friday, July 5, notified another set of sections of the Telecommunications Act 2023, which came into effect immediately.

A key aspect covered in the latest notification is the federal government’s focus on increasing efficiency in spectrum utilization through various means such as secondary assignment, sharing, and trading, the Ministry of Communications stated.

501 deals worth $21.4 bn recorded by India in April-June quarter: Reports

India saw 501 deals valued at $21.4 billion in the April-June period — highest quarterly volumes since Q2 2022 — as an anticipated policy clarity from the upcoming budget and political stability is expected to boost investor confidence and drive deal activity in the next six months, a report showed on Friday, July 5.

Mergers and acquisitions (M&A) and private equity (PE) deals together stood at 467, valued at $14.9 billion which is a 9% increase in volumes, according to the Grant Thornton Bharat Dealtracker.

Renowned Paris store okays India’s UPI

The flagship store of Galeries Lafayette on Haussmann Boulevard in Paris is now accepting India’s Unified Payments Interface (UPI) payments. This landmark move is a step further in realizing India’s vision of globalizing UPI, which is an Indian instant payment system developed by the National Payments Corporation of India (NPCI) in 2016.

“On July 3, 2024, the Unified Payments Interface (UPI) became live at the flagship store of the world-renowned Galeries Lafayette in Haussmann, Paris. This expands the acceptance of UPI in Paris after a successful launch at the iconic Eiffel Tower,” read a press release by Indian Embassy in France.

CERT-In finds multiple bugs in Google Chrome OS, GitLab, alerts users about cyber attacks

The Indian Computer Emergency Response Team (CERT-In), which comes under the Ministry of Electronics & Information Technology, has warned users about multiple vulnerabilities in Google Chrome OS and GitLab, which could allow an attacker to execute arbitrary code on the targeted system.

LTS channel for Google ChromeOS versions prior to 120.0.6099.315 is the affected software. On the other hand, the affected software in GitLab includes GitLab Community Edition (CE) versions prior to 17.1.1, 17.0.3 and 16.11.5, and GitLab Enterprise Edition (EE) versions prior to 17.1.1, 17.0.3 and 16.11.5.

Stock market: India registers 13.8% growth in June quarter, leads in world top 10

During the April-June period of FY 2024-25, Indian stock indices gave a stellar performance as market capitalization increased by 13.8%, the highest among the top 10 stock markets. Currently, the Indian equity market is the fifth largest stock market in the world with a market capitalization of $5 trillion.

Between April and June, the market valuation of US markets, the world’s largest stock market, increased by 2.75% to $56 trillion.

Kurt Campbell hails India’s ‘great ambitions’, says country will play key role in semiconductor industry

India may be at an early stage in semiconductor design and manufacturing, but its “ambitions are great” and it will increasingly play a key role in the field, US Deputy Secretary of State Kurt M. Campbell said Wednesday.

“So I think, what we’ve seen and I’ve said is that perhaps the area that has sparked the greatest set of ambitions is around (semiconductors)… the prospect for India to increasingly play a key role in semiconductors… both supply chains, development (and) design, basically across the board,” Campbell said in response to a question by IANS, on how India and US could help each other in ensuring free and fair availability of semiconductors, given the global crisis over their production and supply amid China’s ambitious designs.

High schoolers showcase their entrepreneurial drive at TYE Globals 2024 in San Francisco

With the theme ‘ignite, innovate and elevate’, over 250 high school aspiring entrepreneurs, participated in the first TiE Young
Entrepreneur (TYE) Global 2024 conference and global competition, held June 19 through 21 in the San Francisco Bay Area.

TiE Young Entrepreneur (TYE) is one of the programs of TiE Silicon Valley aimed at fostering the future generation of entrepreneurs.

EU charges Microsoft over possible breach of antitrust rules regarding Teams

The European Union (EU) has accused tech-major Microsoft of breaching its antitrust rules with the ‘abusive’ bundling of its Teams and Office products.

“The European Commission has informed Microsoft of its preliminary view that Microsoft has breached EU antitrust rules by tying its communication and collaboration product Teams to its popular productivity applications included in its suites for businesses Office 365 and Microsoft 365,” the commission said Tuesday in a Statement of Objections.

Partaking in India’s economic boom

India’s gross domestic product (GDP) growth over the last decade is averaging 5.5% – making India the fastest-growing economy in the world. India is poised to become the world’s third-largest economy by 2027, overtaking Japan and Germany, and have the third-largest stock market by 2030. This is all thanks to the key investments made in energy and technology. It is expected that India will have a $7.5 trillion GDP by 2031 and the Bombay Stock Exchange could deliver an 11% annual growth and reach a market capitalization of $10 trillion in or about that time frame.

US researchers develop new AI model to help prevent power outages

A team of researchers from the University of Texas at Dallas has developed an artificial intelligence (AI) model that could aid electrical grids prevent power outages by automatically rerouting electricity in milliseconds.

The automated system, published online in the journal Nature Communications, is an early example of “self-healing grid” technology. It uses AI to detect and repair problems such as outages and storm-damaged power lines on its own without human intervention.