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The OnePlus Nord 5 is here — and it packs some serious specifications at a competitive price. With a Snapdragon 8s Gen 3 chipset, 6800mAh battery, and a 144Hz AMOLED display, it packs premium performance at a starting price of Rs 31,999.
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Economic Times
24 minutes ago
- Economic Times
Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology
Elevation Capital (formerly Saif Partners India) has sold 1.01 crore shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, the company said in a filing. At Tuesday's closing price, the transaction was worth Rs 226 crore. Global investor Schroder International Selection Fund is said to have acquired these shares, with the fund now having around a 5% stake in the company, as per sources. Earlier it had acquired 53.6 lakh shares in the company worth Rs 96.9 crore. The venture firm has been reducing its shareholding in the company. Last month, it sold 53.9 lakh shares in Ixigo for Rs 97.4 crore. Prior to this, Elevation Capital sold 21.5 lakh shares in Ixigo in May for Rs 38.27 crore. According to a stock exchange filing, Elevation had around a 9.04% stake in the company, holding around 3.53 crore shares. The early-stage venture capital firm continues to hold a 6.45% stake in the company. Elevation Capital had invested Rs 63.1 crore in Ixigo through various tranches. Prior to this, the venture capital firm had sold shares worth Rs 100 crore through a pre-IPO secondary sale and sold shares worth around Rs 181 crore from the offer for sale (OFS) component of the company's IPO. The company saw its operating revenue increase by 73% year-on-year (YoY) to Rs 314 crore for the quarter ended June on account of growth across all lines of business, effective cross-selling and up-selling to its user base, and artificial intelligence (AI)-driven efficiency. The company posted a net profit of Rs 19 crore for the quarter, marking a 27% rise from Rs 15 crore in the same period last in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets while offering various utility tools and services such as train PNR status and confirmation predictions and updates on train seat availability. It also provides personalised recommendations and automated customer support. According to the company, it has 544 million annual active users with 83 million monthly active users.
The Print
an hour ago
- The Print
Govt gets investment proposal worth Rs 16,000 cr under electronic component scheme
'Received proposals worth around Rs 16,000 crore under ECMS,' an official source said. The government had opened applications for the Rs 22,805-crore electronics component manufacturing scheme (ECMS) on May 1. New Delhi, Jul 24 (PTI) The government is learnt to have attracted investment proposals worth Rs 16,000 crore under the Electronics Component Manufacturing Scheme, according to sources. An industry body also confirmed the development, based on its discussion with government officials and industry players. According to the government source, the approval process has started and shortlisted projects are expected to be announced in September. 'The scheme has received a good response from both domestic and foreign companies,' the source said. Sources had earlier mentioned that Tata Electronics, Dixon Technologies, and Foxconn were among the big players that have shown interest in the scheme. Recently, Dixon signed separate agreements with Chinese electronic component firms — Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology — for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. The scheme aims to address the demand-supply deficit in the electronic component segment. Electronic Industries Association of India (Elcina), the country's oldest industry body of the Indian electronics sector, estimates that the demand-supply deficit for inputs in the electronics segment will increase to USD 248 billion (about Rs 21 lakh crore) by 2030 to cater to projected USD 500 billion electronics production, and it would be met largely by imports in absence of any measure from the government. The major portion of the scheme, Rs 21,093 crore, is earmarked for sub-assemblies like camera module, multi-layered printed circuit board (PCB), flexible PCB, and passive components that are fixed on the PCB by machines. A total of Rs 1,712 crore has been earmarked for making parts used in sub-assemblies and capital goods used in electronics manufacturing. The scheme classifies display module and camera module sub-assembly in category A, while category B products include bare components like non-surface mount devices (non-SMD), multi-layered printed circuit board, lithium-ion cells for digital applications, enclosures for mobile, IT hardware products and related devices. Category C includes components like flexible PCB, SMD passive components. Besides, components used in making items listed under A, B and C categories, as well as capital goods used in electronics manufacturing, have been clubbed under the D category. The government has opened the application window for A, B and C categories initially for three months starting May 1, and for two years for D category items. PTI PRS MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
2 hours ago
- Time of India
Driven by government support, semiconductor startups in India attract record investment
The semiconductor design ecosystem in India is getting stronger as startups supported under the Ministry of Electronics and IT 's (MeitY) Design Linked Incentive (DLI) Scheme and Chips to Startup (C2S) Programme are now gaining significant traction, said Ministry of Electronics & IT in an official a major boost to the sector, Netrasemi, a startup supported under the government's chip design scheme, has received Venture Capital (VC) investment of Rs 107 company is working on making chips for smart vision, CCTV cameras, and Internet of Things (IoT) Minister for Electronics and IT, Ashwini Vaishnaw, welcomed the development and stated, "India has significant design capabilities. With India Semiconductor Mission supporting Design in India, the success of Netrasemi will encourage other Indian startups."Since the launch of the DLI Scheme in 2022, the government had committed the support of Rs 234 crore for chip design projects from 22 companies with a total project cost of Rs 690 crore. These chips will be used in CCTV cameras, mobile networks, satellites, cars, smart devices, and under these schemes have together raised over Rs 380 crore from venture Capital (VC) investors. Notably, five startups have already built and tested their chip designs with global chip addition, more than 72 companies have been given access to advanced software tools to help them design chips.A few other examples of startups getting backed through private investment include: Mindgrove Technologies (CCTV chip design) raised Rs 85 crore, Fermionic Design (satellite communication chip) raised Rs 50 crore Morphing Machines, InCore Semiconductors, and BigEndian Semiconductors are progressing rapidly towards production the spirit of becoming a 'product nation', the government is encouraging young companies to take bold steps in chip design, while private investors are now supporting them to grow and bring their chips to the market.
