Reliance to Acquire U.S.-Based Solar Energy Software Maker

Reliance continues its green push by acquiring another solar energy company. Electronics manufacturing in India is picking up speed as Dixon secures sub-licensing rights for Google’s smart TVs.

Reliance to Acquire U.S.-Based Solar Energy Software Maker

Reuters reported that Reliance announced it would acquire a 79.4% stake in US solar power software developer SenseHawk for US$32 million. After announcing a green boost in 2021, Reliance has completed nearly ten acquisitions and investments in the renewable energy sector in less than a year.

Credit: AFP

Dixon secures sub-licensing rights for Google smart TVs in India

According to a company filing on the Bombay Stock Exchange website, Dixon informed the BSE and the National Stock Exchange of India that the company had signed an agreement with Google to sub-license the rights related to Android and Google TV, adding that Dixon is the first contract manufacturer in India to secure the rights.

Indian-made iPhones could reach 12 million units in 2022

The economic periodciting data from Counterpoint Research and Canalys, said the proportion of iPhones made in China increased from 98.2% in 2020 to 95.8% in 2021 and is expected to drop further to 91.2-93.5% in 2022. During the same period, the share of iPhones made in India increased from 1.5% in 2020 to 3% in 2021 and could account for 5-7% of global iPhone shipments in 2022, The economic period reports.

India seeks US help for semiconductor investment

According The economic period, Gautam Adani, chairman of the Adani Group, said at the India Ideas Summit organized by the US-India Business Council that US assistance would be essential to help India become a supply chain autonomous in semiconductors. The United States is said to be trying to build up a stockpile of chips in India-Pacific countries, including India, Nikkei Asia reports.

Tata Motors will launch more affordable electric vehicles in 2023

According Hindustan News CenterShailesh Chandra, MD of Tata Motors Passenger Vehicles, said that they will launch electric vehicles that are cheaper than current models from 2023, and Generation 3 electric vehicles, whose platform is fully designed for vehicles electric, will arrive by 2025.