When Apple surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users. Cook is betting that those markets will provide more opportunities for growth,…
Smartphone shipments in India declined 16 percent year-on-year in the January-March quarter to 31 million units, market research firm IDC said on Thursday. Realme and Xiaomi shipments recorded the highest decline during the quarter. India’s smartphone market is expected to see flat growth in 2023, the IDC report said. “31…
Formula 1 returns for the Miami Grand Prix, the fifth round of the 2023 F1 Championship, after just a week following the Azerbaijan Grand Prix. The race weekend kicks off on Friday, May 5 (Saturday, May 6 in India), and goes on till Sunday, May 7 (Monday, May 8 in…
Formula 1 returns after a four-week break for the Azerbaijan Grand Prix, the fourth round of the 2023 F1 Championship. The race weekend kicks off on Friday, April 28, and goes on till Sunday, April 30, with F1 and F2 sessions and races scheduled to take place across the weekend….
Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with a capacity of up to 10 lakh units per annum in order to cater to the expected increase in demand from domestic as well as export markets. The company, which has earmarked a…
Karnataka High Court has rejected China-based Xiaomi’s petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday. India’s federal financial crime agency froze Xiaomi’s assets last year, alleging the company had made illegal remittances to foreign entities by…
US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said. He said that the electronics industry works like this as first they put a basic set up…
The Centre on Monday directed state governments to enforce Bureau of Indian Standard (BIS) certification on consumer products while stressing the use of digital technology to protect consumer rights and reduce pending cases in consumer courts. After inaugurating a day-long workshop on “Consumer Protection in the northern states” held in…
India, under its ongoing G20 Presidency, is spearheading the process of formulating crypto laws that would work uniformly on an international level and make the sector safer against crimes and misuse. In a fresh development, Indian finance minister Nirmala Sitharaman has disclosed that the three-month period between April and July…
The crypto community of India has not been very supportive of the tax rules that the government enforced on the trade of virtual digital assets last year. It is estimated that only 0.07 percent of Indian crypto owners actually declared and paid their taxes in the year of 2022. The…
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