Aiming over 50% share in super-premium Indian market with new foldables: Samsung's TM Roh

New Delhi (IANS) India is one of the fastest growing and the largest mobile markets in the world and Samsung now aims to reach over 50 per cent market share in the country in the super-premium ($1,000 and above) segment, the company’s mobile chief…

Foreign portfolio investments fell sharply to (-) Rs 40,936 cr in 2022-23 from Rs 2,67,100 cr in 2020-21

New Delhi (IANS) Foreign portfolio investment (FPI) in India fell to (-) Rs 40,936 crore in 2022-23, a sharp decline from a healthy Rs 2,67,100 crore inflows recorded in 2020-21.

In fact, if the FPI inflows for the last three years are any…

In 6 years of GST regime, Rs 27,426 crore of tax evasion detected, only Rs 922 crore recovered

New Delhi (IANS) In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people to claim input tax credit (ITC).

These 5,000-odd…

States cling to clunkers, few execute junked vehicles disposal policy

Mumbai (IANS) Over two years after the Centre announced its Vehicles Scrappage Policy 2021 (VSP) with fanfare, a lot of ground needs to be covered in most states to implement it fully for the benefit of environment, employment and, revenue, say officials…

7 Indian startups approved for chip designing: Rajeev Chandrasekhar

Bengaluru (IANS) The government aims to build a robust, globally competitive presence in the global semiconductor ecosystem in the next 10 years and so far, seven chip design startups have been approved for funding and assistance in developing their…

Momentum of FPI buying slows down

New Delhi (IANS) It appears that the momentum of buying has slowed down and FPIs have turned sellers during the last two trading days, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPI’s sustained buying continues…

IOC logs Rs 13,750 crore Q1 PAT

Chennai (IANS) Oil marketing major Indian Oil Corporation Ltd (IOC) on Friday said it closed the first quarter of FY24 with a net profit of Rs 13,750.44 crore.

In a regulatory filing, the company said during Q1FY24, it had earned a total income…

India's electronics manufacturing jumps from $30 bn to $100 bn: PM Modi

Gandhinagar (IANS) Prime Minister Narendra Modi on Friday revealed that India’s electronic manufacturing has exceeded $100 billion from $30 billion in 2014.

He made the revelation after officially opening the SemiconIndia 2023 here.

The…

Competitive behaviour needs to be gauged prior to market monopolisation, says Parliamentary panel

New Delhi (IANS) A Parliamentary panel has taken serious note of the challenges posed by the winner-take-all markets where winners emerge within a few years of the market having evolved, and by the time, anti-competitive policies are formulated, the…

Nestle India logs Rs 698 cr PAT for Q2, extends financial year

Chennai (IANS) Nestle Ltd on Thursday said it closed the second quarter of FY23 with a net profit of Rs 698.34 crore.

In a regulatory filing, the company said during the second quarter of FY23, it had earned a total income of Rs 4,682.48 crore…