India to see record smartphone sales worth Rs 61,000 cr this festive season

New Delhi (IANS) India is likely to witness record sales of smartphones this festive season, at around $7.7 billion (over $61,000 crore), and 1 out of every 3 smartphones sold during the festive season will be 5G enabled, a report showed on Tuesday.

After 12 years, TINA mindset for global equities is shaken

New Delhi (IANS) Tighter policy rates are now scrambling the mindset that 'There Is No Alternative' (TINA) to equities, Morgan Stanley said in a report.

Meanwhile, for much of the last 12 years, it was common to hear some variation…

China's chip output shrinks as India, US ramp up local manufacturing

New Delhi (IANS) As India and the US double down on domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline in chip manufacturing in August owing to Covid restrictions and weakening demand.

According to the South…

Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%

New Delhi (IANS) Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last year.

Net direct tax collections stood at Rs 7.01…

RBI ready to bring card tokenisation norms into effect from Oct 1

Mumbai (IANS) The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards.

Several people were cheated in…

Economic growth to improve in coming months, says govt

New Delhi (IANS) As contact-intensive services have revived and there is growth in private consumption, economic growth is expected to improve in the coming months, the monthly economic review released by Finance Ministry on Saturday said.

The…

Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors

Mumbai (IANS) Ujjivan SFB concludes Rs 475 crore of equity fundraiser via Qualified Institutional Placement (QIP) mode.

The Bank's Board of Directors approved the allotment of 22,61,90,476 Equity Shares of face value Rs 10 each to eligible…

'Worst is over' and you'll only see growth in coming months: Byju Raveendran

New Delhi (IANS) After six stressful and tough learning months, Byju Raveendran is back in the game, consolidating the loss-making acquisitions like WhiteHat Jr and optimising the rest, while doubling down on opening more physical tuition centres.…

Fed hiking rates may move dollar index to levels of 112.60 -113.30: Emkay Wealth

Mumbai (IANS) The dollar index, which gauges the strength of greenback against the basket of six major currencies, is expected to remain in the range of 112.60-113.30, if the US Federal Reserve continues its tightening going forward, according to…

Garuda Aerospace maps 7,000 villages in UP with drones under Svamitva Scheme

Chennai (IANS) The Chennai-based Garuda Aerospace, a Drones-as-a-Service (DaaS) startup, has successfully mapped 7,000 villages in Uttar Pradesh under the Svamitva Scheme.

The company had won the tender from the nodal agency, The Survey of…