New Zealand’s ministry of commerce and consumer affairs have warned the country leaders against keeping a slow approach on cryptocurrencies. In a recent development, minister Andrew Bayly has asked the Australian government to finalise its stance on crypto before it’s too late. This is the time that the crypto sector is just setting its roots … Read more
At least 32 international electronics companies have applied to India’s incentive programme to make laptops, tablets and servers in the country, a top minister said on Wednesday, weeks after the government announced restrictions on laptop imports. Prime Minister Narendra Modi’s government is pushing to boost domestic manufacturing capacity under its “Make in India” initiative, with … Read more
India concluded its general elections on June 1, with results last week paving the way for the re-election of Narendra Modi as Prime Minister for a third consecutive term. As part of PM Modi’s newly constituted cabinet, Nirmala Sitharaman has been re-assigned to serve as the finance minister of the country after first taking charge … Read more
Apple’s iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report, on Monday. This translates into a growth of 37 percent compared to the same period in FY24, courtesy of the government’s production-linked … Read more
Tech giant Apple plans to invest $1 billion (roughly Rs. 8,500 crore) in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia’s investment minister said on Thursday. In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically … Read more
Russian companies have begun using Bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related … Read more
Apple exported more than 1.5 trillion rupees ($17.4 billion) in iPhones from India in the last fiscal year, the nation’s technology minister said Tuesday, underscoring the company’s efforts to diversify away from China. As iPhone exports shot up, India has shipped out smartphones worth more than 2 trillion rupees in the fiscal year through March … Read more
Malaysian Prime Minister Anwar Ibrahim met Binance Co-Founder Changpeng Zhao on April 22. The aim of the meeting was to discuss Malaysia’s approach to engage with Web3 technologies like blockchain and digital assets. PM Ibrahim posted details about the meeting on X (formerly Twitter), claiming that he wishes to transform the Asian nation into a … Read more
Union Minister for Electronics and Information Technology, Railways, and Information and Broadcasting Ashwini Vaishnaw on Tuesday inaugurated two new state-of-the-art design facilities of Renesas Electronics India Private Limited located in Noida and Bengaluru, an official release from the Ministry of Electronics and IT said. Highlighting the uniqueness of the new facility, Vaishnaw informed that this … Read more