Sale of smartphones worth Rs 1 lakh and above surge in India

New Delhi (IANS) With disposable incomes rising amid the premiumisation trend, the sales of luxury smartphones have surged in India in recent quarters, industry experts said on Tuesday. 

The smartphone shipments of Rs 1 lakh and above increased…

India’s medium-term outlook remains positive amid strong growth: World Bank

New Delhi (IANS) The Indian economy continues to grow at a healthy pace despite challenging global conditions, a World Bank report said on Tuesday, adding that the country's medium-term outlook remains positive. 

Amid tough external conditions,…

54 pc of IPO shares allotted to investors sold within a week: SEBI study

Mumbai (IANS) More than half of the investors in initial public offerings (IPOs) between April 2021 and December 2023 sold the shares within a week of listing, a study by the Securities and Exchange Board of India (SEBI) revealed on Monday. 

In…

PM Modi-led Cabinet approves Rs 3,300 crore semiconductor unit

New Delhi (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore. 

The proposed unit,…

Indian commercial vehicle industry reverses decline, to see modest growth in FY25

New Delhi (IANS) The domestic commercial vehicle industry is projected to grow at a modest 0-3 per cent in FY25, against the earlier estimated decline of 4-7 per cent, a report showed on Monday. 

The current fiscal will be the second consecutive…

Air India Express launches daily flights from Agartala linking Delhi, Kolkata, Guwahati

Agartala (IANS) The Air India Express on Sunday introduced daily flights on the Agartala-Guwahati-Delhi-Kolkata route, making travel more convenient for the people of Tripura and the adjoining states. 

An Airport Authority of India (AAI) official…

Maruti Suzuki India’s sales down 3.9 pc in August, Kia India logs 17.1 pc growth

New Delhi (IANS) Maruti Suzuki India sold a total of 1.82 lakh units in August, down nearly 3.9 per cent (year-on-year) from 1.89 lakh units in the same month last year. 

Total domestic sales (including passenger vehicles, light commercial…

Adani Ports acquires 80 pc stake in Astro Offshore for $185 mn to boost marine portfolio

Ahmedabad (IANS) Adani Ports and Special Economic Zone (APSEZ) on Friday announced its acquisition of an 80 per cent stake in global offshore support vessel operator Astro Offshore for $185 million in an all-cash deal. 

Astro will enhance Adani…

India’s tyre exports bounce back in April-June quarter

New Delhi (IANS) India’s tyre exports have bounced back in the first quarter (April-June) of the current financial year with a 17 per cent jump to Rs 6,219 crore, according to a statement issued by the Automotive Tyre Manufacturers Association (ATMA).

Indian tablet market surges over 128 pc in April-June: Report

New Delhi (IANS) The Indian tablet market saw a shipment of 1.84 million units in the April-June period, up 128.8 per cent (year-over-year), a new report showed on Thursday. 

While the slate tablet market grew by 178.1 per cent YoY, the detachable…