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Apple iPhones see 68% growth in India in 2023 1st half, to reach 7% market share

Apple iPhones see 68% growth in India in 2023 1st half, to reach 7% market share

22-07-2023  comments

New Delhi (IANS) Apple iPhone shipments saw a 68 per cent (year-on-year) growth in India in the first half of 2023, driven by the iPhone 14 and iPhone 13 series.

In the second quarter (April-June period) alone, there was a strong growth uptick…

FPIs invested Rs 43, 804 crore in India in July

FPIs invested Rs 43, 804 crore in India in July

22-07-2023  comments

New Delhi (IANS) FPI flows into India continue unabated in July, too. India is the largest recipient of FPI flows YTD among emerging markets, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Till July 21, FPIs…

India's growth trend expected to soften from Sept quarter

India's growth trend expected to soften from Sept quarter

21-07-2023  comments

New Delhi (IANS) While a favourable base effect should help accelerate India's real GDP growth to around 7.5-8 per cent YoY in the June quarter, the growth trend is expected to soften over the remaining quarters towards 5-6 per cent YoY, foreign…

Weak Q1 results by Infosys, HUL drag down Sensex by 800 points

Weak Q1 results by Infosys, HUL drag down Sensex by 800 points

21-07-2023  comments

New Delhi (IANS) Weak Q1 results by Infosys and Hindustan Unilever are weighing on Indian indices as the BSE Sensex extended its fall on Friday to 800 points.

HUL's revenue growth of 6 per cent YoY was below our expectations, HDFC Securities…

US Congress panel expresses concern over effectiveness of FDA inspections in India

US Congress panel expresses concern over effectiveness of FDA inspections in India

21-07-2023  comments

New Delhi (IANS) A committee of the US Congress said that it was particularly concerned about foreign drug inspections conducted in India and China.

In a letter to Food and Drug Administration (FDA) Commissioner Robert M. Califf, Chair of the…

Top investors urge PM Modi to reconsider 28% GST on online skill gaming

Top investors urge PM Modi to reconsider 28% GST on online skill gaming

21-07-2023  comments

New Delhi (IANS) An influential group of global and Indian investors like Tiger Global, DST Global, Peak XV Partners, Kalaari Capital, Matrix Partners India, and Kotak Private Equity have urged Prime Minister Narendra Modi to reconsider the decision…

Sensex, Nifty scale new heights

Sensex, Nifty scale new heights

20-07-2023  comments

Chennai, (IANS) The two Indian stock exchanges continued their uptrend on Thursday to touch new peaks.

The Sensex of the BSE after opening at a subdued note at 67,074.34, flared up to touch a new all time height 67,385.52 points.

At…

Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel

Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel

20-07-2023  comments

New Delhi (IANS) Jio Financial Services Limited shares have been valued at Rs 261 apiece; which makes the soon-to-be-listed company India's 32nd most valuable companies.

Reliance Industries had kept July 20 as the record date for allotment…

Nifty likely to cross 20K-mark on Friday

Nifty likely to cross 20K-mark on Friday

20-07-2023  comments

Mumbai (IANS) Domestic equities are a breath away from the psychological levels of 20,000.

Nifty opened flat on Thursday, but soon gained momentum to close with handsome gains of 146 points at 19,979 levels, said Siddhartha Khemka, Head of…

3 crore Income Tax Returns filed till July 18, says I-T Department

3 crore Income Tax Returns filed till July 18, says I-T Department

19-07-2023  comments

New Delhi (IANS) Around three crore Income Tax Returns (ITRs) have been filed till July 18, the Income Tax (I-T) Department said on Wednesday.

"Grateful to our taxpayers & tax professionals for having helped us reach the milestone of 3 crore…

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