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Chinese   smartphone   maker   OnePlus   might manufacture its latest device   OnePlus 3   in India. The company last month suspended local production of its   OnePlus X   smartphone within five months of launch, due to tepid demand. But, demand for its latest OnePlus 3 model is outstripping supply and the Chinese company could make the handsets at the Foxconn factory in India. “We are facing a supply crunch. Since we dropped the invite-only approach, demand is higher than expected,” said Vikas Agarwal, general manager, India, OnePlus. “We are importing handsets from China but are looking to start assembling in India by the end of this year. We are searching for component suppliers for OnePlus 3,” he added. “We ceased production of OnePlus X recently,” Agarwal said. “The demand was not enough to justify production,” he added. According to a CMR report published in June, OnePlus became one of the top five in the high-end smartphone ma...

Patanjali Ayurved successfully bids for food park in Nagpur Patanjali Ayurved Ltd, founded by yoga guru   Baba Ramdev , has successfully bid for setting up a modern food park at Mihan here. Maharashtra Airport Development Company (MADC) earlier floated two global tenders (in May and July 2016), but failed to get any bidder. In the third call, MADC has received   Patanjali Ayurved   as the technically qualified bidder, the state-run agency said in a release here on Friday. MADC has decided to develop agro, food, herbal and forest -based industrial park on a sprawling 230 acres of land in Mihan. The project is part of the company's efforts to develop the Vidarbha region. According to conditions set by the company, the bidders should have a minimum turnover of Rs 300 crore per annum from agro, food, herbal and forest-based processing business in the last three years. Also, their net worth should be Rs 75 crore in the last financial year, the release said. P...

Samsung unveils Galaxy Note 7 with iris scanner for Rs 59,900 Giving a refreshing look to its Note series, South Korean giant   Samsung   on Thursday launched its flagship device   Galaxy Note 7   in India with iris biometric scanner for enhanced security, upgraded S Pen and a dual-curved screen. "Galaxy Note 7 is the combination of all our learnings to take   smartphone   experience to a whole new level and I am confident that the new edition will help Samsung Note loyalists to achieve more in life," H.C. Hong, President and CEO, Samsung Southwest Asia, told reporters here. The company also launched a new wearable portfolio with new Gear VR, Gear Fit2 fitness tracker and Gear IconX earplugs. "Our wearable portfolio comprising Gear Fit2, Gear IconX and Gear VR will further strengthen Samsung's commitment to a connected ecosystem strategy," added Manu Sharma, Vice President, Mobile Business, Samsung India Electronics. Samsung Galaxy Note 7 ...

Azim Premji and Shiv Nadar in Forbes list of 100 richest tech tycoons Wipro   Chairman Azim Premji and   HCL   co-founder   Shiv Nadar   are the only two billionaires from   India   in Forbes' list of the world's 100 richest people in technology, ranking in the top 20 ahead of Google boss Eric Schmidt and Uber CEO Travis Kalanick. The '100 Richest Tech Billionaires In The World 2016' list has been topped by Microsoft founder Bill Gates with an estimated fortune of USD 78 billion. Premji ranks 13th on the list with a net worth of USD 16 billion and Nadar comes in on the 17th spot with USD 11.6 billion of net worth. Two Indian-American technology czars Symphony Technology Group CEO Romesh Wadhwani and founders of IT consulting and outsourcing company Syntel Bharat Desai and his wife Neerja Sethi are also on the list. Forbes   said Premji, who heads India's third-largest outsourcer, Wipro has been on a buying spree in the past year to boo...

Electric car charging station companies issue warning over VW settlement Electric vehicle charging companies are calling for independent oversight of the $2 billion Volkswagen AG is required to invest in clean car infrastructure, saying   VW   should not have the power to shape the nascent   electric car   charging space. The German automaker agreed to invest the money, which includes $1.2 billion nationally and $800 million in California, as part of its penalties for equipping hundreds of thousands of its diesel vehicles sold in the   United States   with software designed to cheat tailpipe emissions tests. While charging station companies called the money a potential "game changer," they worry that if it is misspent, it could hurt competition. "The agreement shouldn't pick winners and losers, especially given that this emerging market transition will in no small part define 21st century transportation," twenty eight companies, including Char...

RJio is choking our networks: telcos The war that had so far been brewing silently between incumbent telecom operators and  Reliance Jio   has come out in the open. Industry body Cellular Operators Association of India (COAI) fired a salvo at Jio on Monday by writing to Telecom Secretary J S Deepak alleging that Jio was masquerading full-blown services in the guise of a trial, which they said amounted to predatory pricing. The COAI's letter was a response to one sent by Jio to the Department of Telecommunications (DoT) claiming that incumbents were not providing enough interconnect bandwidth. In response, the incumbents have alleged that the burgeoning voice traffic emanating from  RJio   is choking their networks, given that 1.5 million subscribers of Jio are calling people who are on the networks of other leading telcos. When a subscriber of one network makes a call to a subscriber of another network, the point at which the two networks connect are known ...

Wal-Mart buying Jet.com to lift online sales, battle Amazon Wal-Mart Stores Inc, vying to better challenge Inc, will pay about $3 billion for internet retailer Jet.com   and its innovative pricing software in the largest-ever deal for an   e-commerce start-up. The deal disclosed on Monday follows a five-year e-commerce acquisition spree in which Wal-Mart , the world's biggest traditional retailer, has already bought 15 start-ups, seeking the talent and technology needed to make it a dominant player online and narrow the massive gap with market leader   Amazon . Wal-Mart's online division has underperformed against Amazon, posting its slowest growth in a year in the first quarter as it struggled to gain traction with consumers, especially millennials. Jet.com   was launched by internet entrepreneur Marc Lore in July 2015 and includes software that can offer a customer lower prices as they add items to their shopping cart. Wal-Mart has said it would integra...