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<ul><li><keyword id="1731609" type="General" weightage="20" keywordseo="oppo" source="Orion">Oppo</keyword> was spotted filing trademarks for <keyword id="6354973" type="General" weightage="20" keywordseo="electric-vehicles" source="Orion">electric vehicles</keyword> in India earlier this month.</li><li>It is now reportedly planning to launch electric vehicles by 2023 end or early 2024.</li><li>Oppo would be joining smartphone companies like Xiaomi who is also working on its electric vehicles.</li></ul>Chinese smartphone maker <a href="https://www.businessinsider.in/tech/news/oppo-starts-rolling-out-coloros-12-for-find-x2-reno-6-pro-series-in-india/articleshow/87759007.cms">Oppo</a> is reportedly venturing into electric vehicles. The company is planning to launch its first lineup of electric vehicles in India by the end of 2023 or early 2024, according to a <a href="https://www.91mobiles.com/hub/oppo-electric-vehicles-ev-india-launch-timeline-exclusive/">report</a> by 91mobiles. This isn’t the first time we’re hearing about Oppo’s electric vehicle plans but a launch time for the Indian market hasn't been tipped yet. Earlier this month it was reported that Oppo along with its sister brands Realme and Vivo filed trademark applications for electric vehicles in India. Oppo had filed trademarks for electric vehicles, reversing alarms for vehicles, automobiles, motorcycles, vehicle wheels and more. This doesn’t confirm that Oppo will indeed launch EVs in India but it does hint at the company’s expansion plans of products beyond smartphones. According to the latest report, Oppo’s plans for electric vehicles are already in the works and the launch is scheduled for 2023 end or early 2024. As for what kind of EVs we can expect from Oppo isn’t known yet. It was reported earlier this year in May that Oppo has already started work on its electric vehicle manufacturing, and the company’s CEO Tony Chan has held meetings with battery manufacturers and parts suppliers for Tesla. There’s a lot to expect from Oppo’s electric vehicles since it’s a smartphone brand and this would be the first time the company’s venturing beyond mobile devices. It’s also interesting to see how the company plans on handling the manufacturing and assembling of the vehicles — whether it would opt for local manufacturing or import vehicles. This could soon be a growing trend with rival company <a href="https://www.businessinsider.in/tech/enterprise/news/xiaomi-registers-car-company-named-xiaomi-qiche-co-founder-lei-jun-announces/articleshow/85824497.cms">Xiaomi </a>also planning to mass-produce its electric vehicles in the first half of 2024. Xiaomi announced its plans to enter the EV market in March this year and invest $10 million in this business over the next 10 years. It also registered its electric vehicle business Xiaomi EV, Inc. last month. It’s interesting to see how companies like Oppo, Realme and Xiaomi which already have a strong presence in the Indian smartphone market would disrupt the EV market. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/apple-electric-cars-3d-model-gives-a-sneak-peek-at-how-it-might-look-according-to-patents/articleshow/87646301.cms" data-type="tilCustomLink">Apple electric car’s 3D model gives a sneak peek at how it might look according to patents</a> <a href="https://www.businessinsider.in/business/auto/news/qualcomms-chipsets-will-drive-bmws-next-gen-cars/articleshow/87754100.cms" data-type="tilCustomLink">Qualcomm's chipsets will drive BMW's next gen cars</a>

Oppo reportedly plans to launch electric vehicles in India by 2024

<ul><li><keyword id="168792" type="General" weightage="20" keywordseo="foxconn-technology-group" source="Orion">Foxconn Technology Group</keyword>’s Indian subsidiary <keyword id="12295528" type="General" weightage="20" keywordseo="bharat-fih" source="Orion">Bharat FIH</keyword> has filed for ₹5,000 crore <keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword> with <keyword id="35210" type="General" weightage="20" keywordseo="sebi" source="Orion">SEBI</keyword>.</li><li>The IPO comprises a fresh issue of ₹2,500 crore and an offer for sale of ₹2,500 crore.</li><li>In the last three years, the revenues from Xiaomi have been shrinking because of increased competition in the mobile phone market from large players like <keyword id="10591" type="General" weightage="20" keywordseo="samsung" source="Orion">Samsung</keyword>.</li></ul>Taiwan-based Foxconn Technology Group’s Indian subsidiary Bharat FIH, which manufactures Xiaomi phones in the country, has filed for a ₹5,000 crore initial public offering (IPO) with India’s market regulator – the Securities and Exchange Board of India (SEBI). The IPO comprises a fresh issue of ₹2,500 crore and an offer for sale (OFS) of ₹2,500 crore. Bharat FIH is among the largest electronic manufacturing services (EMS) providers in India, with approximately 15% market revenue share in the financial year 2020-2021 (FY21). It runs operations across three campuses in India, which integrates manufacturing, warehousing, logistics and accommodation facilities. The company derives most of its revenue from Xiaomi, which is the leader in the Indian smartphone industry with 27% market share by volume in FY21, according to its draft red herring prospectus (DRHP). In the last three years, the revenues from Xiaomi have been shrinking because of increased competition in the mobile phone market. The company is losing market share to companies like Samsung, <keyword id="215177" type="General" weightage="20" keywordseo="vivo" source="Orion">Vivo</keyword> and <keyword id="1731609" type="General" weightage="20" keywordseo="oppo" source="Orion">Oppo</keyword>. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2019 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹30,094 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2020 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹23,501 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹14,908 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>“The concentration of our sales in Xiaomi exposes us to a number of risks that could have a material adverse effect on our revenue and profitability. Sales of our services to Xiaomi could decline as a consequence of several factors, such as lower demand for Xiaomi’s mobile phones in the Indian market on account of changing consumer preferences or an increase in the market share of Xiaomi’s competitors, or on account of our inability to fulfil Xiaomi’s purchase orders in the required quantities or quality and on schedule,” the company said in its DRHP. <div type="image" title="xiaomi market share (2)" msid="88450867" hostid="261"></div> The company is also expanding business into industries other than mobile phones, with a focus on high-growth industries that benefit from market tailwinds, including mechanics, electric vehicles, televisions, and hearables. In the electric vehicle segment, it supplies critical electronics components such as infotainment, battery management system, engine control systems, hands-free communication system etc for manufacturing of electric vehicles. In fact, it wishes to expand this segment of business and intends to apply for the electric vehicles (components category) and hearables’ production-linked incentives (PLI) schemes when applications are available. <div type="image" title="bharat FIH" height="900" width="1200" msid="88450893" hostid="261"></div> The electronic manufacturing services (EMS) player will utilise the IPO proceeds towards funding capital expenditure requirements for upgradation and expansion of existing campuses. Another unit of Foxconn, which is FIH Mobile, is listed in the Hong Kong market. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/5-chinese-1-indian-company-lost-their-unicorn-status-hurun-global-unicorn-list-2021/slidelist/88448999.cms">Nine companies lost unicorn status</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/no-india-crypto-bill-in-sight-even-after-winter-session-of-parliament-comes-to-a-close/articleshow/88449161.cms">India ends Winter Session of Parliament with no crypto bill in sight</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/medplus-health-services-ipo-makes-a-positive-stock-market-debut/articleshow/88445242.cms">MedPlus Health Services debuts on a good note with 27% premium</a>

IPO-bound Xiaomi phone maker in India faces tough challenge from a prowling Samsung

Chinese smartphone maker <keyword id="1731609" type="COMPANY" weightage="20" keywordseo="Oppo">OPPO</keyword> on Tuesday announced its <keyword id="6630153" type="UNKNOWN" weightage="20" keywordseo="flash-charging">flash charging</keyword> project 'The Flash Initiative' to help bring faster charging to every area of <keyword id="60468" type="ORGANIZATION" weightage="20" keywordseo="Consumers">consumers</keyword>' lives. The project's <keyword id="2364519" type="COMPANY" weightage="20" keywordseo="new-partners">new partners</keyword> include FAW-Volkswagen, Anker and NXP Semiconductors --leaders in their respective fields of automobiles, portable charging, and <keyword id="10814016" type="UNKNOWN" weightage="20" keywordseo="chip-manufacture">chip manufacture</keyword>. Each partner will work with proprietary technical designs developed by OPPO, which has applied for more than 2,950 flash charging patents worldwide, with over 1,400 already granted. "The Flash Initiative reflects OPPO's belief in human-centric technologies that make a difference in people's everyday lives. And thanks to our new partners, our proprietary technologies can reach more people than ever before. This is a vital step in freeing consumers to use their devices, however they want no matter what they need to do or where in the world they are," Adler Feng, Senior Director of Intellectual Property at OPPO said in a statement. Accoding to the company, 'The Flash Initiative' was born from OPPO's commitment to make consumers' lives as easy as possible, as it takes its groundbreaking IP beyond consumer's phone chargers at home, expanding to cars, public spaces and chips inside a wide variety of technologies. Meanwhile, company's VOOC flash charging can be seen in action at Mobile World Congress, Shanghai (MWCS), at booth number N2-E40. Technology certification laboratory CTTL (China Telecommunication Technology Laboratory) will test and certify any partner products made with VOOC flash charging technology. The smartphone maker has also worked with CTTL to develop a technical paper that shares valuable information on flash charging technology, especially around device and consumer safety. OPPO's VOOC technology launched in 2014, and the 30+ smartphone models that feature VOOC have so far delivered the ultra-fast charging experience to over 175 million users around the globe. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/indian-startup-founders-are-wary-of-chinese-investors-prioritise-follow-up-funding-over-term-sheet-conditions/articleshow/81166682.cms">Indian startup founders are wary of Chinese investors, prioritise follow-up funding over term sheet conditions</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-says-he-will-make-batteries-ahead-of-a-boom-in-electric-vehicles/articleshow/81166590.cms">Mukesh Ambani says he will make batteries ahead of a boom in electric vehicles⁠</a> <a href="https://www.businessinsider.in/business/startups/news/sachin-tendulkar-picks-up-a-strategic-stake-in-edtech-unicorn-unacademy-will-also-develop-a-sports-learning-category-on-the-platform/articleshow/81166377.cms">Sachin Tendulkar picks up a strategic stake in edtech unicorn Unacademy – will also develop a sports learning category on the platform</a> <a href="https://www.businessinsider.in/stock-market/news/heranba-industries-ipo-is-off-to-a-decent-start-heres-why-investment-experts-and-retail-investors-are-excited/articleshow/81169631.cms">Heranba Industries IPO is off to a decent start — Here’s why investment experts and retail investors are excited</a>

OPPO is bringing fast charging to automobiles, accessories and more

<ul><li>Chinese startup EdisonFuture recently unveiled a solar and <keyword id="3518174" type="General" weightage="20" keywordseo="electric-truck" source="Orion">electric truck</keyword> dubbed the EF1-T.</li><li>It features a retractable solar panel that also acts as a cover for a 6.5-foot bed inside.</li><li>The EF1-T looks futuristic but also very much like the CyberTruck.</li></ul>Tesla is yet to release its CyberTruck but there’s already a rival of the futuristic vehicle. A Chinese startup showcased a new electric pickup truck concept at the Los Angeles Auto Show this week, and it looks quite like the <a href="https://www.businessinsider.in/thelife/news/elon-musk-promises-a-cybertruck-update-in-january-this-year-has-been-such-a-supply-chain-nightmare-and-its-not-over/articleshow/87992971.cms" data-type="tilCustomLink">Tesla CyberTruck</a>. The electric and solar truck is dubbed the EF1-T and it has been created by Chinese electric car startup EdisonFuture. It features a retractable solar cover that charges the car when it's out during the day. The company says the solar roof can deliver between 25 and 35 miles of range per day. The solar cover when closed makes the EF1-T pickup truck look very much like the <keyword id="8304544" type="General" weightage="20" keywordseo="tesla-cybertruck" source="Orion">Tesla CyberTruck</keyword>. It otherwise looks like a futuristic pickup truck. There’s more to the retractable solar cover of EF1-T. It’s also called “Armadillo Armor” which is very aptly named as it features a sloped shape design and the layered look of the solar panels make it look like an armadillo. The Armadillo Armor also protects whatever’s inside the 6.5-footbed of the pickup truck. There are no bulletproof claims of this armour though like the Tesla CyberTruck. Inside the EF1-T electric and solar pickup truck, there’s ambient lighting, a 17.5-inch infotainment screen, mirror camera screens, door-mounted toolbox and roof-mounted reading lights. There’s no price set for the EF1-T but the company plans on <a href="https://www.autoweek.com/news/green-cars/a38332435/edisonfuture-ef1-t-electric-pickup-truck/" data-type="tilCustomLink">launching the truck</a> in 2025. It’s also planning to offer a series of EF1-T trucks. The lineup includes a single-motor EF1-T Standard model, a dual-motor model EF1-TP Premium, and a tri-motor model EF1-TS Super that promises a range of up to 450 miles, and a 3000-lb payload. EdisonFuture has a lot planned for the EF1-T but there’s still time before we see the electric and solar pickup truck. And it looks like Tesla will lead the way first with the CyberTruck expected to launch sometime next year. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/oppo-reportedly-plans-to-launch-electric-vehicles-in-india-by-2024/articleshow/87846882.cms" data-type="tilCustomLink">Oppo reportedly plans to launch electric vehicles in India by 2024</a> <a href="https://www.businessinsider.in/business/auto/news/apple-electric-cars-3d-model-gives-a-sneak-peek-at-how-it-might-look-according-to-patents/articleshow/87646301.cms" data-type="tilCustomLink">Apple electric car’s 3D model gives a sneak peek at how it might look according to patents</a>

This electric and solar truck is a Tesla CyberTruck look-alike, and it’s coming out in 2025

<ul><li>Indian companies are dependent on imports from China in several key sectors apart from smartphones and smart TVs. </li><li>Products like air conditioners, cars, electric vehicles and even medicines are highly dependent on material from China. </li><li>Even though companies might make many of these products in India, the heavy dependence on Chinese imports could hurt them if the <keyword id="3763841" type="PERSON" weightage="20" keywordseo="boycott-china">boycott China</keyword> campaign prevails. </li></ul>The dominance of Chinese products in electronics, particularly, smartphones and smart TVs is widely known. But, did you know that even many of the ‘made in India’ products rely on parts imported from China? These are the top 7 sectors that will be hurt the most if the boycott China campaign prevails: <ul><li>Cars – 27% of the imports come from China, including key components used in engines, wheels and electric vehicles. China is the key supplier for sub-components used in engine, electrical, electronics, alloy wheels, tyres etc. Also, it supplies key components for EVs, including lithium-ion battery cells, according to a Motilal Oswal, a broking firm, report.</li></ul>“Tata Motors, Motherson Sumi and Bharat Forge would be the least impacted due to their business’ diversified nature and global operations,” the report said. Also read: <a href="https://www.businessinsider.in/business/auto/news/checkout-the-list-of-indian-startups-working-on-electric-vehicles-and-batteries/slidelist/76562429.cms">Here are the startups fuelling India’s electric vehicle dream</a> <ul><li>Consumer durables – Supply chain dependence on China is high for components like compressors, LED lights, motors and mobile displays. Up to <a href="https://economictimes.indiatimes.com/industry/cons-products/electronics/duty-on-led-panels-could-go-to-keep-make-in-india-on-big-screen/articleshow/67534491.cms">70% of the cost</a> of a smart TV is the display and most of them come from China.</li></ul>For instance, Voltas will be the most affected in case the Indian government hikes tariffs on imports from China. On the other hand, companies like Havells will be the least affected since 90% of its manufacturing is in-house. Other makers of electrical appliances depend on China in the range of 20-60%. <div type="Article" hostid="261" msid="76419573" title="The boycott of China’s products will be easier said than done –⁠ smartphones, ACs and cars may become more expensive" mstype="2" mssubtype="0"></div> <ul><li>Pharmaceuticals – 60-70% of key materials come from China and the Chinese raw material is 20-30% cheaper than domestic production. </li></ul>The situation is worse in cases of antibiotics and penicillin, for which more than 90% of the imports are from China. However, Sun Pharma and Cipla would be the least impacted as they are fully integrated and have considerable exposure to the branded business, Motilal Oswal said. <ul><li>Telecom – Airtel and Vodafone Idea use telecom equipment from Huawei and ZTE in a total of 10 circles out of 22. Over 75% of smartphones in India are imported from China. </li><li>Chemical and Agro Chemicals – 10-50% of raw materials are sourced from China depending on the product. Companies are trying to reduce their dependence on China by identifying other countries to source from. Agrochemicals refer to pesticides used by farmers.</li></ul>Rallis, Dhanuka, Sumitomo India and Insecticide will be the worst hit while SRF, Aarti Industries and Bharat Rasayan which make agrochemicals will benefit from the crackdown on Chinese imports. <div type="Article" hostid="261" msid="76297080" title="Arun Bharat Ram and Arvind Lal — the two businessmen who became billionaires during the lockdown" mstype="2" mssubtype="0"></div> <ul><li>Ecommerce and tech startups – Major ecommerce players and tech startups like Info Edge, Zomato and Paytm have high investment exposure to China. The government has already started enforcing some regulations like asking these companies to <a href="https://www.businessinsider.in/business/ecommerce/news/india-tells-amazon-flipkart-paytm-mall-and-all-other-ecommerce-companies-to-show-country-of-origin-next-to-the-products/articleshow/76568106.cms">label Chinese-origin products</a>. </li><li>Utilities – 80% of India’s solar module imports come from China and some thermal plants also depend on China for equipment.</li></ul>Companies like Tata Power and Adani Group may be able to step up manufacturing and fill in the gap left by the relegation of Chinese imports in this space. These are the market shares of Chinese companies in key product segments The consumer durables and appliances segment which includes products like air conditioners, smartphones, smart TVs, refrigerators and more is dominated by Chinese companies. For instance, 28% of all air conditioners in India are imported. According to data from<a href="https://www.counterpointresearch.com/india-tv-shipments-climb-record-15-million-units-2019-15-annually"> Counterpoint Research</a>, Xiaomi leads the smart TV category with a 27% market share, more than the cumulative share of Samsung and LG. <div type="image" title="TV market share" msid="76618714" hostid="261" caption="&amp;lt;p&amp;gt;In the TV industry, they hold 42% market share&amp;lt;/p&amp;gt;"></div> In the smartphone category, Chinese companies like Xiaomi, Oppo, Vivo and Realme have an overwhelming presence with a market share of 76%, according to<a href="https://www.idc.com/getdoc.jsp?containerId=prAP46289820"> IDC</a>. <div type="image" title="Smartphone market share" msid="76618729" hostid="261" caption="&amp;lt;p&amp;gt;Chinese companies hold 76% of the smartphone market amongst themselves&amp;lt;/p&amp;gt;"></div> Electrical equipment, including smartphones and TVs account for over 22% of India’s imports from China. In the year 2018-19, imports in this category stood at more than $20 billion. According to data obtained from the Ministry of Commerce and Industry’s<a href="https://commerce-app.gov.in/eidb/"> Export &amp; Import Data Bank</a>, here are the top three imports from China to India in 2018-19: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">India’s imports from China </td></tr><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Electrical equipment </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">$20.63 billion </td></tr><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Nuclear reactors </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">$13.4 billion </td></tr><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Organic chemicals </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">$8.6 billion </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/inside-indias-50000-crore-scheme-to-woo-electronics-manufacturing-including-smartphones/articleshow/76207462.cms">Inside India’s ₹50,000 crore scheme to woo electronics manufacturing including smartphones</a> <a href="https://www.businessinsider.in/policy/economy/news/the-boycott-of-chinas-products-will-be-easier-said-than-done-smartphones-acs-and-cars-will-become-more-expensive/articleshow/76419573.cms">The boycott of China’s products will be easier said than done –⁠ smartphones, ACs and cars may become more expensive</a> <a href="https://www.businessinsider.in/india/news/fm-nirmala-sitaraman-announces-six-steps-for-msme-sector/articleshow/75717258.cms">Finance Minister Nirmala Sitharaman announces six measures for the MSME sector</a>

A quarter of your car, 70% of your TV, 90% of antibiotics come from China

<ul><li>Bengaluru-based <keyword id="9299137" type="General" weightage="20" keywordseo="log9-materials" source="Orion">Log9 Materials</keyword> announced the launch of the first commercial lithium-ion cell manufacturing facility on Friday.</li><li>The company’s new facility will support the production of large-form cylindrical cells ranging from 22 series to 66 series, suitable for different vehicles.</li><li>The company claims its cells have improved energy densities, shorter processing times, and reduced efficiency losses.</li></ul> <keyword id="9167436" type="General" weightage="20" keywordseo="log9" source="Orion">Log9</keyword> Materials, a Bengaluru-based battery-technology startup, on Friday, announced the launch of the country’s first commercial lithium-ion cell manufacturing facility in Bengaluru at its Day Zero event. Electric vehicles have become quite popular over the years, and while a lot of the parts are being sourced locally, one of the biggest components of an EV, the battery pack, is currently imported from other countries. The company’s new facility will support the production of large-form cylindrical cells ranging from 22 series to 66 series, suitable for different vehicles. "Our cells are designed from the ground-up in India, for India; to suit Indian operating conditions, climate, and customers, and are hence going to play a crucial role in making India self-reliant while helping the nation realise its ambitious electric mobility vision," said Dr. Akshay Singhal, co-founder and CEO, Log9 Materials. Singhal told Business Insider India that made-in-India battery cells could take the localised components to value up to 90%. Further, he also said that the market is large enough, so any competition is welcome in this segment. He noted that Log9 alone couldn’t cater to the entire market’s demands. Log9 has claimed that the cells produced by the company have improved energy densities, shorter processing times, and reduced efficiency losses. The company has claimed that It has been able to cut down the processing time by 40%, required equipment by 35%, and cut down the cost per kWh by 6%. The company’s current production capacity stands at 50MWh per year. During the first year, the company will start a pilot program to test its battery cells and supply them to its OEM partners. In addition to the cell manufacturing facility, the company also announced the launch of Chervik - the company’s custom <keyword id="6711745" type="General" weightage="20" keywordseo="battery-management-system" source="Orion">battery management system</keyword> (BMS). The company has claimed that the indigenously developed BMS offers high safety and reliability for high-power applications. Charvik integrates the electronic voltage controller (EVC), telematics, the slave BMS and the vehicle control unit (VCU) into a single motherboard, which it says will make packaging easy. The company says this technology enables the cells to rapidly charge in 5 to 45 minutes, fast charge between 45 to 90 minutes, and slow charge in over 90 minutes. <cmsannotation type="cmsannotation" annotationid="Ola Electric too plans to manufacture battery cells locally" comment="subhead" text="Ola Electric too plans to manufacture battery cells locally">Ola Electric too plans to manufacture battery cells locally</cmsannotation> Ola Electric unveiled its first indigenous battery cell in July last year and announced plans to manufacture it locally in India by 2023. The company has been allotted a capacity of 20GWh under the ACC PLI scheme by the government, and the cell manufacturing facility is currently in the works. The company said it would hire around 500 engineers and PhDs. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-20-in-q1-2023-as-per-canalys/articleshow/99633303.cms">Oppo bucks the trend as India’s smartphone shipments drop 20% in Q1 2023: Canalys</a> <a href="https://www.businessinsider.in/business/auto/news/unpaid-subsidies-worth-1200-crore-leading-to-serious-liquidity-crisis-among-ev-makers-says-industry-body/articleshow/99589401.cms">Unpaid subsidies worth ₹1,200 crore leading to ‘serious liquidity crisis’ among EV makers, says industry body</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-13-ultra-with-support-for-camera-accessory-scheduled-to-launch-on-april-18/articleshow/99550135.cms">Xiaomi 13 Ultra set to launch on April 18: Flagship camera with 60-minute battery life at 1% charge</a>

Log9 Materials aims to catch the EV drift with India's first lithium-ion cell manufacturing unit

<ul><li><keyword id="6370252" type="General" weightage="100" keywordseo="ces" source="Orion">CES</keyword> 2023 will commence at Las Vegas from January 5 to January 8, 2023.</li><li>Like every year, we can expect some new products and technologies being showcased from leading tech brands.</li><li>Business Insider India will be reporting on CES with all the major happenings.</li></ul>The new year 2023 will start with one of the biggest consumer electronic show CES in Las Vegas, Nevada from January 5, 2023, to January 8, 2023. Product unveilings, standalone events, and keynotes will take place at various locations around Las Vegas. We usually see prominent names front the industry showing up at the CES for launches, announcements and revealing roadmaps. Some notable leaders are also expected to present keynotes and yearly plans. We also expect new startups showcasing their products alongside big names like Apple, <keyword id="10591" type="General" weightage="50" keywordseo="samsung" source="Orion">Samsung</keyword>, Intel, Asus, AMG, Qualcomm and others. This year is expected to be bigger than last year as rules for visitors seem to be more relaxed, as the official website only states ‘CES encourages all attendees’ to get the booster shots and vaccine. <cmsannotation type="cmsannotation" annotationid="What to expect from CES 2023" comment="subhead" text="What to expect from CES 2023">What to expect from CES 2023</cmsannotation> Last year, several big names decided not to participate in the event due to concerns over the Covid-19 pandemic. This year many tech giants have confirmed that they will return to the show. Those known to be taking part include <keyword id="10387" type="General" weightage="50" keywordseo="microsoft" source="Orion">Microsoft</keyword>, Google, <keyword id="6358540" type="General" weightage="50" keywordseo="sony" source="Orion">Sony</keyword>, LG, Garmin, Asus, Nvidia, and many more. Other than big tech companies, visitors can expect to see concepts and new commercial EVs from the brands like Mercedes-Benz, <keyword id="6374528" type="General" weightage="50" keywordseo="toyota" source="Orion">Toyota</keyword>, BMW, Honda, and many others. Below, we look at some big consumer tech products and technologies that we may see at CES 2023. <cmsannotation type="cmsannotation" annotationid="Micro LEDs to wireless OLED TV" comment="subhead" text="Micro LEDs to wireless OLED TV">Micro LEDs to wireless OLED TV</cmsannotation> 2022 witnessed innovations such as a roll-up screen and 8K resolution, this year at CES 2023, we may see 100-inch-plus MicroLED models from Sony and Samsung. Also, the world’s first totally wireless OLED TV from the new US manufacturer Displace may make its debut at CES 2023. <cmsannotation type="cmsannotation" annotationid="Innovative wearable technology" comment="subhead" text="Innovative wearable technology">Innovative wearable technology</cmsannotation> Upgrades in wearable technology will also make its way to CES 2023. It is expected that smartwatches showcased at CES 2023 will be able to monitor more aspects of our wellness and health. <cmsannotation type="cmsannotation" annotationid="Sony/ Honda Mobility" comment="subhead" text="Sony/ Honda Mobility">Sony/ Honda Mobility</cmsannotation> Sony and Honda have joined hands to build electric vehicles, and it is expected that these two companies will be making some sort of announcement at CES this year. At CES, Sony showcased its concept car, the Vision S prototype. <div type="twitter" handle="SonyGroup_JP" handlename="Sony Group - Japan" image="http://pbs.twimg.com/profile_images/1551376841226989568/_PEGnmzn_normal.jpg" favoritecount="396" retweetcount="120" status="ソニー・ホンダモビリティー株式会社ティザー動画公開2023年1月に米国ラスベガスで開催される #CES2023 ソニー・ホンダモビリティ株式会社がソニープレスカンファレンスに登壇し発表を行います。どうぞご期待ください！… https://t.co/gO65Hcna4n" createdat="1671503400000" id="1605027708819251200"></div> <cmsannotation type="cmsannotation" annotationid="Audio" comment="subhead" text="Audio">Audio</cmsannotation> There are plenty of speakers, headphones, soundbars, and other audio equipment from brands like Sony, LG, JBL, and more at CES 2023. <cmsannotation type="cmsannotation" annotationid="Automotive" comment="subhead" text="Automotive">Automotive</cmsannotation> Cars and EVs are always hot topic at CES events. This year, new technologies in electric cars, self-driving tech, and more may make a debut at CES 2023. <div type="twitter" handle="EvanKirstel" handlename="🇺🇦Evan Kirstel #B2B #TechFluencer" image="http://pbs.twimg.com/profile_images/1602390330799685636/XtDFRE20_normal.jpg" favoritecount="46" retweetcount="19" status="What a ride #CES2023 @MercedesBenz https://t.co/4UxgwfF9Ki" createdat="1672245494000" id="1608140278321352705"></div> <cmsannotation type="cmsannotation" annotationid="Computing" comment="subhead" text="Computing">Computing</cmsannotation> Laptops and PC components are expected to remain the show’s main focus, with dozens of new devices and updates. Asus, Lenovo, Dell, and HP are all expected to unveil new slates of laptops and 2-in-1s for 2023. <div type="twitter" handle="ASUSIndia" handlename="ASUS India" image="http://pbs.twimg.com/profile_images/1569653581036552193/KrOdYiez_normal.jpg" favoritecount="58" retweetcount="5" status="Change is in the air.See you at @CES with #ASUS #CES2023 #ASUSLaunchEvent #ASUSIndia https://t.co/yb5rJSR3Sk" createdat="1672230600000" id="1608077808647000064"></div> <cmsannotation type="cmsannotation" annotationid="Mobile" comment="subhead" text="Mobile">Mobile</cmsannotation> While the smartphone tech has come to introducing incremental upgrades in its tech, we might still see cameras getting better, processors increasing efficiency, maybe new battery and charging tech. Almost every major OEM from Samsung, Xiaomi, Oppo to smaller players are expected to showcase new concepts and technologies. <cmsannotation type="cmsannotation" annotationid="Product and Technology by Samsung" comment="subhead" text="Product and Technology by Samsung">Product and Technology by Samsung</cmsannotation> Samsung will be showcasing its innovative products and technologies for consumer and industry products. Samsung will be unveiling 2nd Gen smart SSD, automotive processor and Ultra-fine pixel technology for mobile photography. <cmsannotation type="cmsannotation" annotationid="Keynotes at CES 2023" comment="subhead" text="Keynotes at CES 2023">Keynotes at CES 2023</cmsannotation> <ul><li>Dr. Lisa Su - Chair and CEO, AMD</li><li>Oliver Zipse - Chairman of the Board of Management, BMW AG</li><li>John May - Chairman and CEO, John Deere</li><li>Gary Shapiro - President and CEO, Consumer Technology Association (CTA)</li><li>Jeremi Gorman - President, Global Advertising, Netflix</li><li>Francine Li - Global Head of Marketing, Riot Games </li></ul>SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-s23-galaxy-s23-ultra-images-leaked-ahead-of-launch-heres-what-all-we-know/articleshow/96515584.cms">Samsung Galaxy S23+, Galaxy S23 Ultra images leaked ahead of launch: Here’s what all we know</a> <a href="https://www.businessinsider.in/tech/news/iphone-15-to-reality-pro-vr-headset-check-out-the-list-of-upcoming-apple-products-in-2023/articleshow/96448076.cms">iPhone 15 to Reality Pro VR headset — check out the list of upcoming Apple products in 2023</a>

CES 2023: Dates, news, products, and what to expect

Here's what you need to know before the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> open.1. <a href="https://markets.businessinsider.com/news/stocks/stocks-market-news-drop-after-fed-predicts-bleak-future-jobs-2020-6-1029299798">Global stocks plunge after the Fed predicts a bleak future for jobs and the US economy.</a> In the US, futures underlying the Nasdaq, S&amp;P 500 and Dow Jones are set to fall between 1.3% and 2.1%. Major European indexes are down more than 2%, while in Asia, the Nikkei was down 2.8%, Hong Kong's Hang Seng was down 2.3% and the Shanghai Composite dropped 0.8%. <a href="https://markets.businessinsider.com/news/stocks/carl-icahn-blasted-occidental-petroleums-warren-buffett-deal-again-2020-4-1029131899"></a>2. <a href="https://markets.businessinsider.com/commodities/news/oil-price-reaction-investors-fear-a-second-wave-covid-19-2020-6-1029299936">Oil dives 3% as investors fear a second wave of coronavirus and the US reports surging crude inventories.</a> Oil prices dropped on Thursday as fears resurfaced that a second wave of coronavirus could hit the US and stunt economic activity, while data showing that US oil inventories surged last week also subdued prices.3. <a href="https://markets.businessinsider.com/news/stocks/stocks-could-tank-10-percent-pandemic-fallout-revealed-peter-boockvar-2020-6-1029299872">Stocks could tank more than 10% when the pandemic's true cost is revealed, the boss of a $4.5 billion wealth manager says</a>. Stocks have shrugged off slowing US growth and surging unemployment to <a href="https://markets.businessinsider.com/news/stocks/nasdaq-hits-10000-first-time-ever-tech-shares-rally-stocks-2020-6-1029294365?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">post fresh highs</a> in recent weeks, but wealth manager Peter Boockvar thinks a big fall could be on its way.4. <a href="https://www.businessinsider.com/lloyds-bank-fined-81-million-for-mortgage-arrears-failures-2020-6?r=US&amp;IR=TIR=T">Lloyds Bank fined $81 million for mortgage arrears failures.</a> Britain's Financial Conduct Authority said on Thursday it has fined Lloyds Bank £64 million ($81.26 million) for failures in handling mortgage arrears.5. <a href="https://www.businessinsider.com/mitsubishi-electric-to-acquire-plant-from-sharp-to-boost-ev-power-chip-output-2020-6?r=US&amp;IR=TIR=T" target="_blank" rel="noopener noreferrer">Mitsubishi Electric to acquire plant from Sharp to boost EV power chip output</a>. Japan's Mitsubishi Electric Corp said on Thursday it would buy part of a plant in western Japan from Sharp Corp to meet growing demand for power management chips used in electric vehicles6. <a href="https://www.businessinsider.com/softbank-buyback-puts-financial-rigor-in-question-says-sp-2020-6?r=US&amp;IR=TIR=T">SoftBank buyback puts financial rigour in question, says S&amp;P.</a> Credit-rating firm S&amp;P Global Ratings on Thursday questioned SoftBank Group Corp's financial discipline as the tech conglomerate pursues a massive 2.5 trillion yen ($24 billion) share buyback program in volatile markets.7. <a href="https://www.businessinsider.com/chinese-smartphone-brands-in-india-turn-to-expensive-imports-as-plants-struggle-sources-2020-6?r=US&amp;IR=TIR=T">Chinese smartphone brands in India turn to expensive imports as plants struggle: sources.</a> China's Xiaomi Corp and Oppo are importing some smartphone models into India as their local plants struggle to get back to production levels needed to meet demand that built up during lockdown, sources familiar with matter said.8. <a href="https://www.businessinsider.com/aclu-calles-amazon-blanket-ban-rekognition-sales-2020-6?r=US&amp;IR=TIR=T">The ACLU says Amazon's 1-year suspension on selling facial recognition to law enforcement falls short and it wants a longer ban.</a> Amazon took an unusual step on Wednesday, recusing itself temporarily from the facial recognition market.9. <a href="https://markets.businessinsider.com/earnings-calendar?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">First-quarter earnings coming in</a>. PVH Corp and Lululemon Athletica are coming in. 10. <a href="https://markets.businessinsider.com/economic-calendar?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Economic data releases today</a>. US EIA Natural Gas Storage Change, and a US four-week Treasury auction is due.

10 things you need to know before the opening bell

<ul><li>The <keyword id="6359231" type="General" weightage="20" keywordseo="Central-Bank-of-India" source="Orion">Central Bank of India</keyword> is recruiting 115 people in India under various profiles like Data Scientist, Economist, Income Tax officer and many more.</li><li>The online applications for all these positions will commence on November 23, 2021 and the last date to apply is December 17, 2021.</li><li>Candidates will also have to pay an application fee of ₹850 plus GST.</li></ul>Central Bank of India, a Mumbai-based government owned bank, is recruiting 115 people in India under various profiles like Data Scientist, Economist, Income Tax officer and many more. The online applications for all these positions will commence on November 23, 2021 and the last date to apply is December 17, 2021. These are the roles available with the Central Bank of India — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Role </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eligibility criteria </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Economist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 5 years of work experience in commercial banks or any other PSUs with PhD in Economics/ banking/commerce /economic policy/public policy. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Income Tax Officer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chartered Accountant (preferably passed in one attempt) with minimum 10 years post qualification experience (as on 30.09.2021) in the field of direct taxation -- supervisor in any financial institution/PSU bank/private sector banks/big four CA firm/category 1 chartered accountant firm prescribed for bank audit as per RBI guidelines. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Information Technology (scale V) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 10-12 years’ experience in a similar role in designing and launching digital products/platforms in BFSI Sector or Fintech companies with compulsory bachelor’s or master’s degree in engineering disciplines like computer science/information technology(IT)/electronics and communication or master’s in computer application from any recognised university or institution. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Data Scientist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 8-10 years of relevant post-qualification experience in the area of data analytics/data science/data statistics/data mining in commercial bank/financial companies/financial services organisations/IT services companies with financial domain with Post graduate degree in statistics/econometrics/mathematics/finance/economics/computer science or bachelor’s of engineering (B.E)/bachelor’s of technology (B.Tech) in computer science/IT from any recognised university or institute. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Credit Officer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chartered Accountant (CA)/ chartered financial analyst (CFA) with three years of post qualification experience Or MBA in finance with at least 4 years of post qualification work experience. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Data Engineer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 5 years of relevant post-qualification experience in the area of data analytics/data science/data statistics/data mining in commercial bank/financial companies/financial services organisations/IT services companies with financial domain with post graduate degree (or equivalent diploma) in statistics/econometrics/mathematics/finance/economics/computer science or B.E./B.Tech in computer science/IT. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IT Security Analyst </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 6 years of post-basic qualification experience in IT, out of which minimum 3 years in ethical hacking /red teaming /threat hunting /application security/digital forensic analysis with engineering graduate in computer science /IT/master’s in computer application(MCA) /master’s in science (IT or computer science) from recognised university or institute. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IT SOC Analyst </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 6 years of post-basic qualification experience in IT, out of which minimum 3 years in operations like event analysis, rule creation, automation,asset integration, incident management, monitoring and compliance with graduation in engineering in computer science /IT/MCA / M.Sc.(IT or computer science) from a recognised university or institute. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Risk Manager </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 3 years post-qualification experience in risk management/credit / treasury with MBA in finance/ banking or post graduate diploma in banking/finance/statistics. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Technical Officer (Credit) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3 years of experience in total enterprise value (TEV) study or project appraisal with banks or financial institutes with a degree in engineering in civil/mechanical/production/metallurgy /textile/chemical. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Financial Analyst </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CA or MBA in finance with 3 years experience as an officer in a public sector bank/undertaking in the reputed field. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Information Technology (scale II) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 years of work experience in the IT field with 3 years engineering degree in computer science/computer applications/information technology/electronics/ electronics and telecommunications /electronics and communications /electronics and instrumentation. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Law Officer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 3 years of post-qualification experience of practice at Bar or Judicial service or 2 years as a law officer in the legal department of a scheduled commercial bank or the central/state government or of a public sector undertaking. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Risk Manager </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum 2 Years of post-qualification experience in risk management/credit/treasury with MBA/post graduate diploma in banking/finance or post graduate in statistics/math/banking &amp; finance with aggregate of at least 60% marks from any Indian university or institute. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Security (scale I &amp; II) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">For scale I — Ex-Junior commissioned officers with minimum 5 years of service as JCO in Indian Army or equivalent rank from Air Force, Navy and Para Military Forces. For scale II — Ex-Commissioned officers of the Rank of Captain or above from Indian Army with minimum 5 years service or equivalent rank from Air Force, Navy and Para Military Forces. </td></tr></tbody></table> Selection procedure — <ol><li>Selection will be done through an online written test and personal interview. </li><li>The online test is scheduled for January 22, 2022 at these locations -- Ahmedabad, Bengaluru, Bhubaneshwar, Bhopal, Chennai, Chandigarh, Delhi, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, Pune, Raipur &amp; Patna centres. </li><li>Candidates who manage to clear the online test will be called for the next round i.e., personal interview.</li></ol> Candidates will also have to pay an application fee of ₹850 plus goods and services tax (GST) ( for applicants belonging to general category) and ₹175 plus GST (for applicants belonging to schedule caste (SC) or schedule tribe (ST). Interested candidates can seek out more information <a href="https://www.centralbankofindia.co.in/sites/default/files/2021-11/Notification_Recruitment_of_Specialist_Officers-2022-23.pdf">here</a> and can apply <a href="https://www.centralbankofindia.co.in/en/recruitments">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/if-you-are-travelling-from-india-to-singapore-heres-how-to-apply-for-your-vaccinated-travel-pass/articleshow/87846159.cms">If you are travelling from India to Singapore, here’s how to apply for your Vaccinated Travel Pass</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/oppo-reportedly-plans-to-launch-electric-vehicles-in-india-by-2024/articleshow/87846882.cms">Oppo reportedly plans to launch electric vehicles in India by 202</a>

Central Bank of India is hiring for 115 vacancies across various domains

<ul class="summary-list"><li><keyword id="6356116" type="UNKNOWN" weightage="60" keywordseo="LG">LG</keyword> announced Monday that it would be closing its mobile business unit.</li><li>The decision shows how difficult it is to challenge market leaders <keyword id="6354427" type="ORGANIZATION" weightage="60" keywordseo="apple">Apple</keyword> and <keyword id="10591" type="CITY" weightage="60" keywordseo="Samsung">Samsung</keyword>.</li><li>Samsung established itself as an early challenger to Apple, setting it up for long-term success.</li></ul>LG is officially bowing out of the smartphone market.The South Korean tech giant <a href="https://www.lg.com/us/press-release/lg-to-close-mobile-phone-business-worldwide">announced</a> on Monday that it was exiting the "highly competitive" smartphone business by closing its mobile unit, which signaled the end of an era for a company that was once a top-tier handset maker.Its decision underscores how difficult it is to compete with industry giants like Samsung and Apple, particularly in the US, which is part of the <a href="https://www.gartner.com/en/newsroom/press-releases/2021-02-03-gartner-says-worldwide-smartphone-sales-to-grow-11-percent-in-2021">third-largest smartphone market</a>.LG was once among the top five smartphone makers. But it failed to stand its ground as Samsung and Apple dominated the US market and companies like Huawei and Xiaomi snatched up market share abroad.Together, Apple and Samsung account for 81% of the US smartphone market, with Apple accounting for 65% and Samsung responsible for 16% as of the fourth quarter of 2020, according to <a href="https://www.counterpointresearch.com/us-market-smartphone-share/">Counterpoint Research</a>. LG, meanwhile, came in third with just 9% of the market, and Samsung and Apple were the only two smartphone companies to show growth in the US during the fourth quarter of 2020.Worldwide, Apple took the No. 1 spot in the fourth quarter of 2020 with 23.4% of the market, while Samsung came in second with 19.1%, according to <a href="https://www.idc.com/getdoc.jsp?containerId=prUS47410621">the International Data Corp</a>.Samsung and LG are longtime rivals in the electronics and home-appliances industries, but there's one critical advantage the former has that the latter lacks when it comes to <keyword id="6354775" type="TECHNOLOGY" weightage="60" keywordseo="Smartphones">smartphones</keyword>. Samsung established its phones as the primary competitors to the iPhone when the smartphone market was still fairly young in 2012. Back then, it had a blockbuster hit on its hands with the Galaxy S3, which overtook the iPhone 4S to become the best-selling smartphone in 2012, according to <a href="https://www.businesswire.com/news/home/20121108005702/en/Strategy-Analytics-Samsung-Galaxy-S3-Becomes-Worlds-Best-Selling-Smartphone-Model-in-Q3-2012">Strategy Analytics</a>.The Galaxy S3's successful launch helped shape a narrative that the smartphone market had become a two-horse race between Apple and Samsung. It fueled headlines in outlets like <a href="https://www.nytimes.com/2013/02/11/technology/samsung-challenges-apples-cool-factor.html">The New York Times</a>, <a href="https://www.vanityfair.com/news/business/2014/06/apple-samsung-smartphone-patent-war">Vanity Fair</a>, and <a href="https://www.theguardian.com/technology/2013/jan/25/apple-samsung-won-smartphone-wars">The Guardian</a> declaring the two tech giants as the winners of what had become the biggest shift in computing in recent history. No <keyword id="6355645" type="UNKNOWN" weightage="60" keywordseo="Android">Android</keyword> phone maker had anything that came close to the popularity of the Galaxy S3 at the time. It put Samsung's Galaxy S series on the map, setting it up to be the iPhone's main competitor for years to come.And other Android phone makers simply couldn't keep up, despite being more innovative in some ways. For example, tech critics praised <keyword id="16129" type="CITY" weightage="60" keywordseo="HTC">HTC</keyword> in 2013 for its eye-catching <a href="https://www.cnet.com/reviews/htc-one-review/">One M7 phone</a>, which outpaced every Android phone on the market in terms of build quality and design. But it <a href="https://techcrunch.com/2019/01/04/the-hurt-thus-continues/">never had the sales</a> to match those accolades, and HTC <a href="https://www.businessinsider.com/google-completed-1-billion-dollar-acquisition-of-htc-smartphone-business-2018-1">sold a chunk of its smartphone business to Google</a> in 2018.<keyword id="11148" type="CITY" weightage="60" keywordseo="Motorola">Motorola</keyword>'s original Moto X from 2013 was also ahead of its time with hands-free voice controls that preceded the Amazon Echo and was well-received by reviewers. But <keyword id="6355629" type="DEFINITION" weightage="60" keywordseo="google">Google</keyword> sold off Motorola's mobile unit to Lenovo 2014, and the PC giant has <a href="https://www.wsj.com/articles/lenovo-thought-it-knew-how-to-fix-tarnished-brandsthen-it-bought-motorola-1484586006">struggled to boost its presence</a> in the smartphone market. Even Google, which operates Android, has had a hard time breaking into the smartphone business. It pivoted to selling less-expensive Pixel smartphones <a href="https://www.theverge.com/2019/4/29/18523162/google-pixel-3a-sales-lead-up-announcement-smartphone-competition">after it had trouble selling</a> high-end phones designed to compete with the iPhone and Samsung's Galaxy S line. LG took a similar path. It was ahead of competitors in some ways, such as its decision to bring <a href="https://www.businessinsider.com/samsung-galaxy-s10-isnt-first-phone-with-ultrawide-camera-2019-3">cameras with a wider field of view</a> to its smartphones years before Apple and Samsung did. But its smartphone division incurred losses totaling $4.5 billion over six years, which resulted in the decision to shut down the unit after Bloomberg reported the electronics maker <a href="https://www.bloomberg.com/news/articles/2021-03-21/lg-electronics-may-close-down-mobile-phone-business-donga">failed to find a buyer</a>. LG will instead focus on areas like smart-home devices, electric-vehicle components, robotics, and artificial intelligence. Of course, the success of Samsung and Apple is just one element that's influenced the market for mobile phones, albeit a big one. Popular Chinese brands that have stood out for their more accessible price points, like Huawei, Xiaomi, Oppo, and OnePlus, also rose in popularity about the time LG's market share began slipping around 2015, Gartner data provided to Insider indicated.Still, Samsung and Apple have been comfortably at the top of the smartphone market for years, and LG is just the latest casualty.

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