Driven by rural demand ahead of the festive season, the Indian smartphone market grew 9 per cent in the July-September period, shipping 47.1 million units, according to a new report. Vendors cleared inventory through early monsoon sales across online and offline channels to gear up for the festive season, according to market research firm Canalys. … Read more
Leading the standards development process at global level, India saw its candidates being elected in leadership positions in all 10 study groups of the International Telecommunication Union's (ITU) Standardisation sector (ITU-T), it was announced on Saturday. While India retained Chair position in one group, it secured Vice-Chair positions in all other nine study groups and … Read more
The shipment of generative AI (GenAI) smartphones is forecast to surpass 730 million units by 2028, according to a new report. The shipment share of GenAI smartphones is forecast to reach 19 per cent this year and by 2028, this is expected to reach 54 per cent, according to Counterpoint Research. This growth would be … Read more
The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals — an over 300 per cent jump from the $135 million raised last week. This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a surge of … Read more
DigiLocker, the flagship e-governance platform, is empowering millions of citizens with digital tools to simplify their lives, the IT Ministry said on Saturday. Thousands of citizens tuned in live from across the country for ‘Ask Our Experts’, a unique weekly live programme by the National e-Governance Division (NeGD), part of the IT Ministry, streamed on … Read more
Kotak Mahindra Bank on Saturday reported net profit of Rs 3,344 crore in the July-September period (Q2 FY25), up 5 per cent from Rs 3,191 crore in the same quarter last fiscal. Consolidated profit after tax (PAT) for Q2 FY25 was Rs 5,044 crore, up 13 per cent (year-on-year) from Rs 4,461 crore in … Read more
As India’s foreign exchange reserves surpassed $700 billion, the share of gold in the country's forex has also surged more than 209 per cent since 2018. India’s gold reserves stands at $65.76 billion (as on October 4), compared to $21.15 billion as on December 7, 2018, according to the Reserve Bank of India (RBI) data. … Read more
Patel Engineering is currently trading at Rs. 54.91, up by 0.50 points or 0.92% from its previous closing of Rs. 54.41 on the BSE. The scrip opened at Rs. 55.10 and has touched a high and low of Rs. 56.27 and Rs. 54.80 respectively. So far 144423 shares were traded on the counter. The BSE … Read more
Among the key emerging markets, India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030, a global report showed on Thursday. Emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06 per cent GDP growth … Read more
JSW Energy is currently trading at Rs. 691.05, up by 1.85 points or 0.27% from its previous closing of Rs. 689.20 on the BSE. The scrip opened at Rs. 696.95 and has touched a high and low of Rs. 703.40 and Rs. 686.60 respectively. So far 19926 shares were traded on the counter. The BSE … Read more