Apple’s latest iPhones were flagged for a slew of design and technical problems within hours of their release on Friday. Social media posts shared by tech enthusiasts claimed that the new device performed poorly on durability tests, had uneven colouring and other ‘defects’. Despite the complaints, demand for the latest Apple offerings remained strong on...
India, Israel, the US and the UAE, the four countries which together constitute the I2U2 grouping, launched a a uniquely structured I2U2 business coalition, also termed private enterprise partnership, on the sidelines of the UN General Assembly (UNGA) on Thursday Separately, Washington DC, Tel Aviv, Delhi and Abu Dhabi also launched an official I2U2 site...
Share Market Updates: Sensex and Nifty have remained subdued with heavyweights like HDFC and RIL dragging the market and as investors choose to wait for the Fed policy decision scheduled to be announced later today. Nifty goes below 20,000 mark and Sensex is down more than a per cent. Finance, FMCG and Pvt Bank drag...
Reliance unveiled Jio AirFiber today (September 19) across eight Indian cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. The wireless Internet solution was introduced during Reliance Industries’ 46th Annual General Meeting (AGM) last month. The Jio AirFiber allow users to access the Internet with up to 1Gbps speed and offers more than 550 digital TV...
LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale. Following the share sale, there is a decrease of 2 per cent in holding during the period from July 22, 2022 to September 13, 2023. “Corporation’s shareholding in Sun Pharma has...
India’s retail inflation eased to 6.83 per cent in August from 7.44 per cent in July as vegetable prices cooled somewhat compared to the previous month, the National Statistical Office (NSO) data showed on Tuesday. At 6.83 per cent, the Consumer Price Index (CPI) inflation print for August is 61 basis points lower than July’s 15-month...
KKR & Co Inc (KKR.N) has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer. The private equity firm’s follow-on investment translates into an additional equity stake of 0.25% in Reliance Retail on a...
Before the G20 Summit, there were several disputes over the country’s name change. Rumours are that the Narendra Modi-led administration can announce to rename India as “Bharat” at a special session of Parliament later this month. The debate began after “President of India” was written as “President of Bharat” in the G20 dinner invitation card,...
Domestic equity markets continued to move higher on Thursday and extended their gains to fifth consecutive sessions, bucking the weak sentiments from the global markets. Buying in heavyweight sectors like financials and banking pushed the headline indices higher. However, global uncertainty may weigh on Dalal Street. For the day, BSE’s barometer Sensex surged more 385.04...
Hon Hai, also known as Foxconn, which made its foray into India in 2005 and has embarked on manufacturing in the country, is optimistic about India developing as the world’s manufacturing hub. Young Liu, Chairman of Hon Hai Technologies, said, “If there are no major changes in the future, India will become a new manufacturing...