logo
Phone 3 will be made in India, the company announces ahead of its launch on July 1

Phone 3 will be made in India, the company announces ahead of its launch on July 1

The Hindua day ago

Nothing on Thursday (June 12, 2025) announced that its upcoming flagship smartphone, Phone 3, will be manufactured locally in India. The London-based technology company also aims to increase its manufacturing capabilities in the region.
The Phone 3 will be produced at Nothing's manufacturing facility in Chennai.
Nothing currently operates five exclusive service centers in Bengaluru, Delhi, Mumbai, Hyderabad, and Chennai, along with 20 priority desks, with 10 more to be added soon, and over 330+ authorised service centers.
Nothing further claims that their retail presence has expanded from 2,000 stores at the beginning of last year to 10,000 stores currently.
(For top technology news of the day, subscribe to our tech newsletter Today's Cache)
'India has been an important market for us ever since the very beginning of Nothing. Every one of our smartphones has been manufactured here — and Phone (3) proudly joins that list. As we accelerate our growth here, we're doubling down on our investment in local manufacturing, talent, and innovation — fully aligned with the Make in India vision. Phone (3) marks a major milestone: our first true flagship, delivering the very best of Nothing. We can't wait for our Indian users to experience it,' said Akis Evangelidis, Co-Founder and India President.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IndiGo share price today: InterGlobe Aviation stock tanks 6%; reports suggest promoter planning $1 billion stake sale
IndiGo share price today: InterGlobe Aviation stock tanks 6%; reports suggest promoter planning $1 billion stake sale

Time of India

time15 minutes ago

  • Time of India

IndiGo share price today: InterGlobe Aviation stock tanks 6%; reports suggest promoter planning $1 billion stake sale

Earlier this week, IndiGo's shares reached a 52-week peak of Rs 5,474, bolstered by robust Q4 performance. IndiGo share price today: InterGlobe Aviation's stock, the parent company of IndiGo , fell by approximately 6% to Rs 5,175 on Friday following reports indicating InterGlobe Enterprises' potential sale of roughly 4% ownership through block transactions. According to a CNBC-TV18 report, the promoter group aims to generate approximately $1 billion from this stake sale. At present, InterGlobe Enterprises maintains a 35.70% ownership stake in the organisation. This development follows co-promoter Rakesh Gangwal's continuous reduction in shareholding, having disposed of shares valued at Rs 40,000 crore since 2022. Gangwal presently retains a 7.8% stake in the airline, an ET report said. Earlier this week, IndiGo's shares reached a 52-week peak of Rs 5,474, bolstered by robust Q4 performance and positive outlook regarding international capacity growth. However, Friday's decline indicates investor wariness regarding substantial promoter share sales. Investor sentiment also deteriorated following a tragic Air India Boeing 787-8 Dreamliner accident near Ahmedabad during its London-bound flight, resulting in several fatalities. The ET report said that the situation worsened due to heightened international conflicts. Israeli forces conducted operations against Iran's nuclear and missile installations, describing it as a "preemptive strike." The strike caused Brent crude prices to surge by approximately 10%, reaching $78.50 per barrel, marking its peak since January and recording a 12% weekly increase. Similarly, WTI experienced a rise exceeding 9%, reaching $74.47. Dr. V K Vijayakumar of Geojit Financial Services said: "This could have deep economic consequences if tensions escalate further. A retaliatory move like blocking the Strait of Hormuz could squeeze global supply and lift oil prices even higher." The substantial increase in crude prices particularly affected the aviation sector, as fuel expenses constitute a major operational cost, leading to increased pressure on airline stocks. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Flexo Rides the Flexible Workspace Wave as Demand Surges Across India
Flexo Rides the Flexible Workspace Wave as Demand Surges Across India

Business Standard

timean hour ago

  • Business Standard

Flexo Rides the Flexible Workspace Wave as Demand Surges Across India

India PR Distribution Mumbai (Maharashtra) [India], June 13: The flexible workspace segment is witnessing a remarkable transformation in India's commercial real estate landscape, with India's metro cities leading the charge. Amid this momentum, Flexo, a new-age commercial real estate advisory and marketplace, is positioning itself as a key enabler for companies embracing agile and cost-efficient workspace models. According to recent industry data, flexible workspaces accounted for over 12.5 million sq ft of office leasing in 2024, a 44% year-on-year jump. In Mumbai alone, vacancy rates dropped to 11.9% - the lowest in years - driven in part by strong uptake of managed offices and coworking spaces. "This isn't just a rebound. It's a fundamental shift in how companies think about space," said Vivek Kundnani, Founder and CEO of Flexo. "Businesses today want offices that are fast to set up, easy to scale, and designed around people. Flexibility is no longer a perk. It's a strategy." The post-pandemic era has accelerated the move toward hybrid work and decentralized teams. As a result, companies are rethinking traditional leases in favour of managed office solutions that offer plug-and-play readiness without the burden of capex or long lock-ins. India's flex office stock is projected to cross 125 million sq ft by 2027, and more than 14% of all new office leasing is now driven by coworking and managed operators. In Mumbai, Bengaluru, Hyderabad, and Pune, demand is particularly strong among global capability centers (GCCs), scaling startups, and enterprise teams seeking collaborative, high-quality work environments. Flexo's rise has coincided with this trend. The Mumbai-based startup blends the on-ground expertise of a traditional property consultant with the DNA of a tech start-up. It helps companies find and implement the right workspace strategies - whether it's a coworking space in Andheri, a managed office in BKC, or a fully customised corporate headquarters. "Our edge lies in local intelligence," said Kundnani. "We don't just aggregate listings - we understand micro-markets, operator strengths, lease dynamics, and how to match space to a company's culture and growth plans." What sets Flexo apart is its dual approach. The company advises on office leasing across conventional and flexible formats while also operating a discovery platform for coworking and managed offices across major Indian cities. This allows businesses to explore options ranging from fully built offices to warm shell units - all through one partner. As the workplace continues to evolve, Kundnani believes companies will adopt a more dynamic mix of formats. "The future of work if flexible," he said. "Leaders are asking: how can our offices adapt to new business realities, attract talent, and still control costs? That's where Flexo comes in." Flexo also plays a strategic advisory role for leading coworking spaces in Mumbai, helping them identify high-potential micro-markets, negotiate leases, and scale their footprint with precision. By leveraging data insights and on-ground intelligence, Flexo supports coworking operators in making expansion decisions that balance demand, occupancy potential, and long-term viability. With a strong base in Mumbai and growing reach across India, Flexo is carving out a niche in the flexible workspace economy - one that is increasingly shaping the future of commercial real estate in India.

Air India crash: Boeing CEO Kelly Ortberg to skip Paris Air Show 2025 after 787 Dreamliner mishap
Air India crash: Boeing CEO Kelly Ortberg to skip Paris Air Show 2025 after 787 Dreamliner mishap

Mint

timean hour ago

  • Mint

Air India crash: Boeing CEO Kelly Ortberg to skip Paris Air Show 2025 after 787 Dreamliner mishap

Boeing leadership was back in crisis mode on Thursday following the deadly crash of an Air India 787-8 Dreamliner jet minutes after take-off earlier in the day. The planemaker's new CEO Kelly Ortberg had been set to head to the Paris Air Show, the industry's biggest event of the year, after several key accomplishments in recent weeks as he tries to rebuild public trust in Boeing following a series of safety and production crises. But his plan to attend the show next week with Boeing Commercial Airplanes head Stephanie Pope has been scrapped, Ortberg said, as the company focuses on the investigation into the first-ever crash of a 787 jet, its most advanced model. "As our industry prepares to start the Paris Air Show, Stephanie (Pope) and I have both canceled plans to attend so we can be with our team, and focus on our customer and the investigation," Ortberg wrote in a message to employees on Thursday evening that was seen by Reuters. The Air India plane bound for London crashed in the Indian city of Ahmedabad, killing nearly all of the 242 people on board, in the world's worst aviation disaster in a decade. Air safety experts have said that at this time there is no reason to think a manufacturing or design problem was the cause, but the reason for the air disaster is not clear. "Safety is foundational to our industry and is at the core of everything that we do," Ortberg told employees. "Our technical experts are prepared to assist investigators to understand the circumstances, and a Boeing team stands ready to travel to India." The biggest challenge for Boeing could be getting lay people to understand that while a jet it made crashed, it is unlikely that Boeing is at fault, said John Nance, an aviation safety expert and former commercial pilot. Of course, accident investigators will consider every possibility, he added. With public perception of the planemaker still on shaky ground, that will fall to Boeing executives to address. Ortberg has been trying to move the company past a series of regulatory and safety crises, and was heading into the Paris Air Show after a busy month that included more than 300 new orders and a ramp-up in 737 production. "Previous production issues at Boeing will be very much on people's minds at the moment and the relatively new leadership at Boeing needs to be visible in the days to come," said Paul Charles, CEO of the PC Agency, a London-based luxury travel consultancy. Boeing shares closed 4.8% lower on Thursday. Boeing was deemed responsible for three high-profile accidents involving 737 MAX narrow-body planes in recent years, including two fatal crashes. A January 2024 incident, when a door plug blew off a new plane mid-flight, damaged its reputation and led to the departure of then-CEO Dave Calhoun, as well as head of commercial planes and its board chair. The Air India plane that crashed in the city of Ahmedabad was more than a decade old. It first flew in late 2013 and was delivered to Air India in January 2014. Since then, it accumulated more than 41,000 flight hours, including 420 hours during 58 flights in May and 165 hours during 21 flights in June, according to Cirium, an aviation data analytics firm, and FlightRadar24, a flight tracking website. Before the crash, airline executives had voiced greater confidence in Boeing's rebound in deliveries and in Ortberg's leadership after years of reputational damage for the planemaker. The public has not yet caught on, however. Last month, the Axios Harris poll of 100 recognizable corporate brands by reputation put Boeing at 88th, same as in 2024. The wide-body 787 planes have had a strong safety record. They were grounded in 2013 due to battery issues, but no one was reported injured. Boeing's narrowbody 737 MAX jets were grounded for years following two fatal crashes and have faced years of scrutiny and production delays. "Due to the crash, there could be enhanced scrutiny on manufacturing and quality procedures. However, at this time, we do not feel there will be a long-term impact to production," said Edward Jones analyst Jeff Windau. Shares of Spirit AeroSystems, a key supplier, and GE Aerospace, which makes engines for the jet, also fell about 2% each. Boeing's outstanding debt also sold off modestly after the crash.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store