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…
CHENNAI: With a slate of crucial free trade agreements (FTAs) operationalised, the textile industry is upbeat on export opportunities. The UK deal, which kicked in on Wednesday, eliminates tariffs of up to 12% and brings parity with key competitors like Bangladesh and Vietnam. While companies of all sizes are actively negotiating orders, concerns remain that…
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…
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…
Gujarat topped the overall rankings with a score of 56.6. Which Indian states are the most investor friendly? Gujarat, Maharashtra and Tamil Nadu have secured the top three positions in NITI Aayog’s Investment Friendliness Index for states and Union Territories (UTs), according to the report released on Friday.At the other end of the rankings, Lakshadweep…
Higher crude oil and commodity prices, coupled with a widening merchandise trade deficit, are expected to push India’s current account deficit to 1.5% of GDP in FY27, according to Crisil. NEW DELHI: India’s current account deficit (CAD) is expected to widen sharply to 1.5 per cent of GDP in FY27 from 0.6 per cent in…
India’s first bullet train project between Mumbai and Ahmedabad is progressing well. Initial operations will commence using Indian high-speed trains in 2027. Japan’s next-generation E10 Shinkansen trains will be introduced later, after 2030. The first operational stretch will connect Surat and Bilimora in Gujarat. This initiative significantly reduces travel time between the two major cities….
With the launch of a hydrogen train, India has undoubtedly taken a big leap in the sphere of greener transportation. Prime Minister Narendra Modi on Friday flagged off India’s first hydrogen-powered train. This ushers India into a group of select countries that have hydrogen trains. India’s first hydrogen-powered train has 10 coaches, with the capacity…
From a technical perspective, the 8-period EMA has started turning higher and is attempting to cross above the 21-period EMA. Gold price prediction today: Gold prices are favouring a buy on dips strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold August futures have witnessed a sharp intraday recovery after…
Asian equities tumbled in red on Friday as concerns over artificial intelligence led stocks deepened, with Japan and Taiwan recording the sharpest declines. Additionally, growing tensions in the Middle East also kept investors cautious, lifting oil prices while US futures traded lower.Japan’s Nikkei 225 led the regional losses, plunging 5.8% to 62,945.97 after computer chipmakers…