Apple shipped $7.5 bn worth iPhones, iPads in India in FY23

New Delhi (IANS) Amid the local manufacturing push and an upcoming widespread retail store strategy, Apple shipped $7.5 billion worth iPhones and iPads in India in FY22-23, data accessed by IANS has shown.

In FY23, Apple shipped more than 7…

China's chip imports drop 23% as US, India ramp up semiconductor manufacturing

Beijing (IANS) As the US and India bolster local semiconductor manufacturing, China's chip imports nosedived 23 per cent in the first quarter of 2023, the media reported on Friday.

China imported 108.2 billion integrated circuits (IC) between…

India concerned about global economic outlook, says Nirmala Sitharaman

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman said that despite this year's projected growth rate of over 6 per cent for the Indian economy, it remains concerned about the global economic outlook and geopolitical environment.

Leading Indian startups & unicorns continue to bleed money as party gets over

New Delhi (IANS) The great Indian startup and unicorn party, which saw record funding volumes in 2020, 2021 and the first half of 2022, appears to be over for now as several top names in the ecosystem continue to bleed money, with no respite in sight…

India's trade deficit widens to $19.73 billion in March, exports rose 6% in 2022-23 to $447 billion

New Delhi (IANS) India's merchandise trade deficit in March 2023 stood at $19.73 billion, which was higher than $17.43 billion recorded in the previous month, according to government data released on Thursday.

India's exports rose 6…

4QFY23 to be strong quarter for Indian FMCG companies

New Delhi (IANS) The commentary from companies indicates that inflation continues to weigh on demand and that there has been no meaningful improvement in the underlying consumption trends, BNP Paribas India said in a report.

Our channel checks…

Amadeus opens new engineering facility in India, to expand headcount

New Delhi (IANS) Global travel technology solutions provider Amadeus on Wednesday announced the opening of its new engineering site in Pune to help expand Amadeus Labs' engineering and R&D activities in the country, along with ramping up hiring…

Delphi TVS Tech to invest Rs 450 crore in expansion, looks at tractor segment

Chennai (IANS) Diesel automotive common rail systems major Delhi TVS Technologies Ltd will be investing about Rs 450 crore in expanding its capacities and is also looking at getting into other precision engineering products, a senior company official…

Global PC market shrinks 29% in Q1 over poor demand, global meltdown

New Delhi (IANS) Weak demand, excess inventory and a worsening macroeconomic climate resulted in the global shipments of traditional PCs recording 56.9 million in the first quarter of 2023, a huge 29 per cent drop compared to the same quarter last…

US tech firm Eventbrite to hire 120 for its development centre in India

New Delhi (IANS) Amid deepening tech layoffs, US-based ticketing, marketing and experience technology platform Eventbrite on Monday announced a hiring spree for its development centre in India. It aims to hire 120 highly-skilled employees in the country…