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Sankalp Phartiyal

Sankalp Phartiyal

Journalist at Bloomberg Technology

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66
Phone
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Location
United States
Languages
  • English
Covering topics
  • E-Commerce
  • Technology
  • Business

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Recent Articles

bloomberg.com

India Cuts Some Import Taxes in Boost for Electronics Production: Budget 2025

India scrapped import taxes on several electronics components in the federal budget, as Prime Minister Narendra Modi’s administration seeks to bolster local manufacturing.
bloomberg.com

Apple, Google Face Pressure From India to Open Up App Stores

India is trying to pry open the doors of the world’s biggest app stores, setting up a likely clash with Apple Inc. and Alphabet Inc. over social services, safety standards and access to the country’s smartphones.
bloomberg.com

Vietnam’s VinFast to Roll Out Two Cars in 2025 in India Debut

Electric vehicle maker VinFast Auto Ltd. said it plans to begin selling two made-in-India cars in the South Asian country later this year, marking the Vietnamese carmaker’s debut in the world’s third-biggest car market.
bloomberg.com

MG Motor’s India Joint Venture Seeks Lower Taxes for Hybrid EVs

A joint venture between China’s SAIC Motor Corp Ltd. and India’s JSW Group plans to roll out a plug-in hybrid car next year and has sought lower local taxes to lure price-conscious Indians to these greener vehicles.
bloomberg.com

Infosys Raises Sales Forecast on Rising IT Services Demand

Infosys Ltd. shares declined after its sales forecast fell short of analysts’ estimates, signaling any recovery in demand for information-technology services is gradual.
bloomberg.com

TCS Misses Profit Estimates in Sign IT Spending Yet to Pick Up

Shares of Tata Consultancy Services Ltd. advanced after the company predicted an increase in technology spending by corporations, signaling an IT industry slowdown may be nearing an end.
bloomberg.com

Foxconn, Dixon Urge India to Pay Pending Production Subsidies

Apple Inc. supplier Foxconn Technology Group and Dixon Technologies India Ltd. are asking India to pay them billions of rupees in subsidies they think they are entitled to under the government’s production incentives program.
bloomberg.com

Apple to Begin AirPods Assembly in Southern India by Early 2025

Apple Inc. will begin producing its AirPods wireless earphones in India for the first time early next year, marking a milestone in the iPhone maker’s steady push to diversify beyond China.
bloomberg.com

Amazon Tests 15-Minute Delivery in India, Ramping Up Competition

Amazon.com Inc. will begin testing a rapid delivery service in India this month, marking the company’s determination to compete with top players in the country’s fledgling quick-commerce business.
bloomberg.com

Apple (APPL) Ships $6 Billion of iPhones From India in Big China Shift

Apple Inc.’s iPhone exports from India jumped by a third in the six months through September, underscoring its push to expand manufacturing in the country and reduce dependence on China.
bloomberg.com

Top Court Rejects Byju’s Settlement, Paving Way for Insolvency

India’s top court struck down a bankruptcy tribunal’s order that allowed Byju’s to settle debts with a key creditor, pushing the online tutor back firmly into the insolvency process.
bloomberg.com

Paytm Posts First Net Income After Selling Assets to Zomato

Paytm’s revenue fell sharply for the second straight quarter, reflecting the India fintech company’s struggles to revitalize its bottom line after a regulatory clampdown on some of its most important businesses.
bloomberg.com

Asia IT Leader TCS Lags Estimates In Sign of Weak Tech Spending

Tata Consultancy Services Ltd.’s quarterly profit missed analysts’ estimates, a sign that clients from banks to retailers remain hesitant to commit to large investments on information technology.
bloomberg.com

India Semiconductor Ambition Grows With L&T Joining Chip Effort

Larsen & Toubro Ltd. plans to invest more than $300 million to create a chip company, joining other Indian conglomerates in a push to build out a semiconductor industry in the world’s most populous country.
bloomberg.com

Black Box Targets Tripling in Revenue on US Networking Demand

Indian digital network builder Black Box Ltd. is seeking to nearly triple sales to $2 billion over the next four years, betting on growing demand for data centers and cybersecurity services in its largest market of North America.
bloomberg.com

Zepto Hits $5 Billion Valuation in Latest Big India Commerce Bet

Indian online grocer Zepto’s valuation climbed about 40% to $5 billion in a funding round led by General Catalyst Partners, marking the latest major bet by foreign investors in the country’s e-commerce market.
bloomberg.com

Zomato to Buy Paytm’s Movie Ticketing Business for $244 Million

Zomato Ltd. agreed to buy Paytm’s movie and events ticketing business for 20.5 billion rupees ($244 million) in cash, snapping up an asset from the fintech pioneer to move beyond food and grocery delivery.
bloomberg.com

Apple’s First India-Made iPhone Pro Models Coming This Year

Apple Inc. will make the most expensive iPhone Pro and Pro Max models in India for the first time this year, a milestone for the US company and the Asian country’s manufacturing sector.
bloomberg.com

Byju’s Averts Bankruptcy as Court Allows Settlement on Debt Case

Byju’s secured time to repay $19 million owed to India’s cricket governing board, a move that allows the online tutoring startup to avoid insolvency for now.
bloomberg.com

India's $45 Billion Startup Implosion Puts Tech Future in Doubt

The saga unfolding at India's high-profile startups Byju's and Paytm raises doubts about the nation’s ability to compete with the US and China. Here's a deep dive into what went wrong.
bloomberg.com

India’s First Unicorn Sets Sights on IPO After Returning Home - Blo...

Mobile-advertising firm InMobi Pte is planning to go public in India in the second half of next year, seeking to capitalize on a booming stock market in the world’s fifth-largest economy.