Technology major Nokia and HMD Global have finally revealed their flagship smartphone Nokia 2 at an event at the Sector 55-56 Metro station in Gurgaon. Considered to be one of Nokia’s most affordable Android phone till date, Nokia 2 will hit the shelves mid November.
According to the Chief Marketing Officer of HMD Global, Pekka Rantala, India is one of the top three countries in terms of maximum user engagement and activation of Nokia mobile phones. In a span of 11 months, the company has successfully launched 11 new smartphones including the Nokia 3, Nokia 5 and Nokia 8. Pekka also announced, close to 1,00,00 retail stores will also be opened to increase the retail reach and create a mobile care network across India.
HMD Global’s Chief Product Officer Juho Sarvikas introduced the latest smartphone Nokia 2 which will integrate the three most important elements of a smartphone. Juho announced, Nokia 2 will employ the latest technologies with quality of integration along with a pure, secure and up to date Android experience.
Priced at € 99 (Rs. 7,500,) the Nokia 2 will pack a 5 inch LTPS HD (720×1280 pixels) resolution display along with a 4100 mAh battery that would last up to 2 days. The smartphone will run on Android 7.1 Nougat operating system initially and can be updated to Oreo.
Furthermore, the phone will also pack a Qualcomm Snapdragon 212 SoC processor with four cores of ARM Cortex-A7 CPU. However, this 4G enabled phone will come with just 1GB of RAM and 8GB of internal storage coupled with a 5 MP front camera and an 8 MP primary camera. This handset, which comes equipped with the Google Assistant, is the first smartphone in this price range to support a digital assistant. The phone will be available in three color variants namely Copper Black, Pewter Black, and Pewter White.
Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.
The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes. Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.
Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.
Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.
India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.
This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.
PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.
Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.
PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.
In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.
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