Smartphone

Apple Sets $40 Bn Export Target For Made-In-India iPhones
The company aims to produce iPhones locally to benefit from India's PLI scheme. Under the incentive scheme, India aims to export mobile phones worth $100 Bn by 2025. Smartphone brands Oppo, Samsung and Vivo may also look to increase exports from India
 

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Telecom

Reliance Jio Added 6.55 Mn Users In January, Reveals TRAI Report
Reliance Jio currently owns 32.56% market share, followed by Vodafone Idea’s 28.45% share. Reliance became the largest telecom provider in November, surpassing Vodafone Idea. Meanwhile, it may raise investment from Saudi Arabia’s wealth fund
 

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TMT

Uber loses $2.9B, offloads bike and scooter business
The ride-hailing giant said it is offloading Jump, its bike and scooter business, to Lime, a company in which it is investing $85 million.

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FoodTech

Uber Reports $154 Mn In Pre-Tax Gains From Uber Eats India Sale To Zomato
Uber sold its food delivery business to Zomato back in January for $350 Mn. Uber also got 9.6% stake in foodtech unicorn Zomato in return. Zomato has become the largest players in the food delivery segment of India with this acquisition
 

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COVID-19- Startup Strategies
Startups get creative as coronavirus crisis fuels funding crunch

"I started selling masks because that's all I could sell," Sarkar said. "I have salaries to pay."
 

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