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Time of India
an hour ago
- Time of India
IIT-P inks MoU with IT service company
Patna: The Indian Institute of Technology Patna (IIT-P) on Friday inked an MoU with Gemini Solutions, a leading IT service-based company, to promote industry-academia partnership. The MoU was signed by IIT-P director T N Singh and Gemini Solutions's vice-president Abhinav Badola in the presence of senior faculty members. Under this collaboration, IIT Patna and Gemini Solutions will jointly engage in cutting-edge research, facilitate student internships, conduct technical workshops, and promote knowledge-sharing initiatives. The partnership will focus on emerging technology domains such as Artificial Intelligence, cloud computing, cybersecurity, and data science, with an emphasis on applied research and consultations, said Singh. The director said such industry relations are crucial for expanding students' learning horizons and promoting translational research that directly benefits society and advances technological progress. Senior academics N K Tomar, Rishav Singh, Kripa Shankar Singh, Ashna Khurana and others attended the function. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
4 hours ago
- Time of India
Sony isn't giving up on Xperia just yet
Sony's struggling Xperia phone division got a lifeline this week when CFO Lin Tao declared the brand "a very important business for us" during the company's financial briefing. The reassurance comes as many wondered if Sony might finally throw in the towel on smartphones after years of declining sales and market retreats. But the timing was telling, this pep talk came right after a particularly messy chapter for the brand that's been going on for a few years at this point. Sony had already killed its smaller Xperia 5 series two years ago, and there's no sign of a new budget Xperia 10 model coming. Its Xperia 1 VII, one of the priciest phones, costing around $1,500, has been lambast for being too expensive and hasn't helped Xperia much beyond getting some eyeballs. But the latest troubles took things to a new level. Sony had to halt sales after the phones started mysteriously shutting down and dying, forcing the company to issue replacements for defective models. "We are very sorry that we caused inconvenience to the users. I would like to apologise," Tao said during the briefing. So why stick around? Sony's keeping Xperia alive for reasons that go way beyond phone sales, though. "Communication technology is a very important technology that Sony has cultivated for a long time," Tao explained, noting that these innovations get used "in areas other than smartphones." That might explain why Xperia survives despite its market struggles. Sony long ago abandoned two of the largest smartphone markets, India and the US. It also appears to be retreating from Europe. Even in Japan, Sony's home turf, Xperia has tumbled out of the top five smartphone brands. While it isn't helping them move numbers, but one thing Xperia phones have going for them is that they remain among the few ones still stubbornly committed to old-school quirks like headphone jacks and microSD cards. Plus Sony loads them with serious camera hardware drawn from their imaging chops. Now, most buyers couldn't care less about any of this, but the few who do treat Sony like a hero. Xperia's sales have been so dismal that Sony has stopped manufacturing its own devices, resorting to outsourcing manufacturing entirely. Although, Tao's pledge that Sony will "continue to grow this [Xperia] business" suggests the company isn't ready to abandon its niche just yet, even if that niche keeps getting smaller. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 hours ago
- Time of India
India may lose upto $30 bln electronics exports opportunity amid US tariffs
New Delhi: India's electronics industry faces a significant setback, with up to $20-30 billion in lost business opportunities in the coming years due to the heavy tariffs imposed by the US, and the likelihood of it being extended to semiconductors, said industry experts and company executives. This is despite multinationals such as Apple and Samsung likely to get tariff-related exemptions, including semiconductor tariffs of 100%, as both companies--who have manufacturing operations in India--have announced plans to make major investments in the US. 'The latest developments will make India even more reliant on smartphone exports, while the rest of electronics may suffer, which in turn will hurt the entire ecosystem,' said an executive. In FY25, India exported $14.6 billion worth of electronics to the US, with smartphones accounting for $10.5 billion or about 72%. The rest comprised non-smartphone items such as electric inverters, battery chargers, and transformer parts. Overall, India exported $38.6 billion worth of electronics in FY25. The US was the leading export destination with a 38% share, followed by UAE at 9.6%, Netherlands at 7.4%, and UK at 4.8%. Countries like the UAE and the Netherlands also act as transit hubs for Indian electronics exports to the US. As per a comparison of HS codes for products exported to the US, already nearly $4 billion worth of India's non-smartphone electronics exports to the US are exposed to the 50% tariffs. Rates on these and other products are set to go even higher due to the heavy tariffs announced on semiconductors. Not all electronics exports are exempted from reciprocal tariffs. The April 5 exemption order by the US customs and border protection specifically lists products that don't fall under the reciprocal tariffs like smartphones, tablets, laptops, servers and certain telecom equipment. The non-exempted electronics products have to pay 50% tariffs, of which 25% reciprocal tariffs have become effective, while the 25% secondary tariffs, specifically to penalise India for buying Russian oil, will come into effect from August 27. The rates of semiconductor tariffs on such products will depend on the percentage of semiconductor content in them. Lenovo-owned Motorola, which has been ramping up smartphone exports to the US from India may also face semiconductor tariffs as the company has not firmed up plans to invest. The industry had planned to reach $80 billion electronics exports to the US by 2030, but the target now looks unachievable as apart from smartphones, most of the products will draw huge tariffs, say industry executives. 'The incredible success story of electronics, particularly mobile phones, is the result of extraordinary industry and government partnership. We are cautiously optimistic that team India will be able to resolve the reciprocal tariffs,' said Pankaj Mohindroo, chairman of the India Cellular and Electronics Association (ICEA), which counts the likes of Apple, Google, Motorola, Dell, Dixon, HP, and Vivo as its members. The industry was targeting to enhance shipments of IT hardware, hearables and wearables, consumer electronics and components to the US given that an ecosystem has started to build in the country due to production linked incentives (PLI) schemes like that of smartphones, IT hardware and soon to commence components scheme. As per ICEA, non-mobile electronics exports grew at a robust pace in the June quarter, touching an estimated $4.8 billion from $3.53 billion, an increase of 36%. These include key product segments such as solar modules, switching and routing apparatus, charger adapters and parts and components.
