The DBT scheme cut EVs cost by 25-30 per cent for end buyers

Dixon to Manufacture Alcatel Smartphones in India

Padget Electronics, a wholly owned subsidiary of Dixon Technologies, has signed a contract manufacturing agreement with NxtCell India to produce smartphones for the Alcatel brand under the ‘Make in India’ initiative. Dixon Technologies is India’s largest home-grown, design-focused electronics manufacturer, catering to consumer durables, lighting and mobile phones. The company has actively expanded its partnerships in recent months. On 30 April 2025, Dixon announced a joint venture with Taiwanese hardware firm Inventec to create Dixon IT Devices Private Limited, with a sixty to forty owne..

Porter Raises $200 Million, Valuation Hits $1.2 Billion

Logistics startup Porter has raised $200 Mn in a Series F funding round led by Kedaara Capital and Wellington Management, valuing the company at approximately $1.2 Bn. The round included both primary investment and secondary share exits by existing investors.Founded in 2014, Porter plans to utilise this capital to expand into new cities, build its team, and advance its technology. The company aims to serve Mns of micro, small and medium enterprises (MSMEs) and offer opportunities to over one Mn gig workers.Porter had entered the unicorn club in its previous funding round. Now marking ten years..

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India’s semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..