NEW DELHI: India’s smartphone shipments (sales) declined 10% year-on-year in the June quarter, the sharpest quarterly decline in three years since the January-March period of 2023. The impact was most severe in the mass-market segment, where sales of smartphones priced below Rs 15,000 plunged 45% from a year earlier. The sharp slowdown hurt Chinese smartphone…
The Federal Reserve is expected to hold rates steady at its July meeting, but officials have not written off the possibility of a move soon after. Source link
MUMBAI: RBI governor Sanjay Malhotra has hinted that the central bank may not react to the current bout of inflation and spurt in credit growth. Malhotra struck a notably composed tone, describing price pressures as contained even if “currently a bit elevated”, and attributed the uptick largely to supply-side disturbances.“Inflation is also under control although…
Chinese officials called the election-meddling accusation baseless, while analysts said Beijing was trying to preserve a fragile détente. Source link
CHENNAI: Market regulator Sebi on Friday said it has extensively deployed artifcial intelligence capabilities, with these tools generating a growing number of actionable alerts. These alerts have helped uncover patterns indicating recent instances of front-running in the portfolio management services (PMS) industry.“Recently, we have noticed our AI generating enough alerts, and over a period of…
The House has passed a bill that would bar the use of merchant codes specifically for firearm retailers, an effort to pre-empt state adoption of the tool. Source link
Representative photo (IANS image) BENGALURU: The quick commerce race is no longer mainly about reaching new neighbourhoods. It is becoming a fight over the same pin codes. India’s five largest operators added close to 900 dark stores between April and July this year, with Blinkit, Flipkart Minutes and Amazon Now leading the expansion, according to…
Big business made big promises about saving the planet. Following through hasn’t been easy. Source link
MUMBAI: Benchmark indices ended higher on Friday, with the sensex climbing 965 points and Nifty reaching the 24,330 level, propelled by buying in blue-chip Reliance Industries, bank and IT stocks.Additionally, a strengthening rupee against the US dollar improved sentiment, even as the broader market remained predominantly negative due to weak global cues, traders said.“There is…
Hundreds of thousands of people are creating companies each year, ending a decades-long drought. Source link
