Latest trending news about the Apple, HCL Technologies, Wipro, Zerodha and Tata Motors news.
Apple now manufacturing iPhone 14 in India.
Apple's new iPhone 14 will be made in India, as the global tech titan places a large bet on the manufacturing process of the world's second-largest smartphone market after China.
Apple began manufacturing iPhones in India with the iPhone SE in 2017, and the Made-in-India iPhone 14 will begin to reach local customers in the coming days. Phones made in India would be sold in both the domestic and international markets. Foxconn, the world's largest contract electronics manufacturer, and primary iPhone assembler, will ship the iPhone 14.
"We're pleased to be manufacturing the iPhone 14 in India," Apple said. The new iPhone 14 series delivers groundbreaking new technology as well as critical safety features." The iconic brand has a long history in India, which started more than 20 years ago.
HCL Technologies rebrands itself to HCLTech.
HCL Technologies, India's third largest IT services company by revenue, said on Monday that it has rebranded as HCLTech, with a new brand identity and logo. According to an HCL senior executive, the renaming is part of efforts to improve differentiation between the parent group, HCL Enterprise, and the technology branch.
HCLTech said the rebranding will create a separate worldwide brand identity while maintaining continuity with HCL Group as the company approaches the $12 billion revenue mark. "Supercharging Progress is about accelerating the digital transformation for our clients every day, as well as the organization's ethos to advance our people's aspirations, contribute to a sustainable planet, and uplift local communities across our global footprint," Nadar Malhotra said in a statement.
Wipro fires 300 staff members found to be moonlighting for competitors.
Wipro fired 300 employees who were found working for competitors while still on the company's payroll, the company's executive chairman said on Wednesday.
Moonlighting is the practice of working multiple jobs at the same time. The fact, he said, was that Wipro staff were also working directly for the company's competitors, which was a "complete violation of integrity in its deepest form."
Premji was among the first top IT executives to address the issue of moonlighting. "There is no room for anyone to work for Wipro and its competitors x, y, or z." They (competitor companies) would have the same response if they discovered it. "As a result, I stand by my statement that it is a violation of integrity if any employee moonlights in any manner, shape, or form," Premji added.
Zerodha's Nikhil Kamath tops Hurun's self-made rich list 2022.
Stock trading platform Zerodha's co-founder Nikhil Kamath has topped the 'IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022' with a net worth of Rs 17,500 crore. Ola cofounder Bhavish Agarwal came in 2nd with a wealth of Rs 11,700 crore.
Neha Narkhede, a cofounder of Confluentat at 37, is the youngest self-made woman entrepreneur in India, while 19-year-old Kaivalya Vohra, of startup Zepto, is the youngest self-made entrepreneur on the list. Divyank Turakhia of Media.net was ranked 3rd in the rich list, and Nakul Aggarwal and Ritesh Arora of BrowserStack were both ranked 4th. Flipkart's Binny Bansal was 6th on the list. Alakh Pandey and Prateek Boob, the cofounders of Physics Wallah, are both ranked in 11th position.
As per IIFL, 47 of the 53 entrepreneurs reside in India, while Bengaluru, called India's silicon valley, housed the maximum (14) on the list.
Tata Motors launches India's cheapest electric vehicle priced at $10,000.
Tata Motors in India has launched the country's most affordable electric car so far. The carmaker has launched an electric version of its popular hatchback, the 'Tiago,' with the vehicle beginning at INR 849,000 (USD 10,370).
Previously, the cheapest EV in India was another Tata vehicle, the Tata Tigor compact sedan. The Tiago EV, on the other hand, is substantially less expensive than the Tigor, which starts at 14,940 USD.
According to reports, the INR 849,000 (USD 10,370) pricing is only available to the first 10,000 customers. The EV's base model, or the cheapest version, will have a driving range of 250 km on a single charge, while a higher, more costly version will have a range of up to 315 km on a single charge. Tata is now India's sole automaker manufacturing electric vehicles.