Factors leading to rise in inflation in India

Mumbai (IANS) India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in commodity prices due to disruption in the supply chain after the start…

Indian auto industry accelerating, shows robust July numbers

Chennai (IANS) The Indian automobile industry has posted robust growth last month with passenger/commercial vehicles and two-wheelers logging growth while the tractor segment lagged behind.

Passenger car majors clocked total sales of over 3.43…

Mega 5G spectrum ends with over Rs 1.5L cr in bids, Reliance Jio leads

New Delhi (IANS) Led by Reliance Jio, the mega 5G spectrum auction ended on Monday after receiving record bids worth over Rs 1.5 lakh crore in 40 rounds spanning across seven days.

5G airwaves worth Rs 1,50,173 crore has been sold so far and…

PC shipments, chip sales growth face record slump this year: Report

New Delhi (IANS) Global semiconductor revenue is projected to slow down to 7.4 per cent this year, down from 2021 growth of 26.3 per cent, while chip sales from PCs are likely to decline 5.4 per cent, according to Gartner.

PC shipments are…

India's 5G auction hits Rs 1.5 lakh cr, bids to continue: Ashwini Vaishnaw

New Delhi (IANS) The 5G spectrum auction has crossed Rs 1.5 lakh crore after 30 rounds and the auction will continue for a few more days, Union IT Minister Ashwini Vaishnaw said on Saturday.

Led by Reliance Jio so far, the 5G spectrum auction…

Ashok Leyland logs Rs 68 cr net in Q1

Chennai (IANS) Commercial vehicle major Ashok Leyland Ltd closed the first quarter of FY23 with an after tax profit of Rs 68 crore.

According to the company, it had posted a revenue of Rs 7,223 crore for the quarter ended 30.6.2022 (Q1FY22…

Qualcomm sales up 37%, mobile biz crosses $6 bn riding on Snapdragon chips

New Delhi (IANS) Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its patent license agreement with Samsung for its Galaxy devices.

Mechanism be brought to curb tax evasion in entertainment sector: Parliament panel

New Delhi (IANS) A Parliamentary standing committee in its report on the Entertainment sector has recommended that a mechanism be brought in place to curb the instances of tax evasion.

"A mechanism be brought in place for continuous review…

Mahindra to ride on immersive Qualcomm tech for new Scorpio-N

New Delhi (IANS) Mahindra & Mahindra on Monday announced a collaboration with chip-maker Qualcomm to bring latest technology advancements for comfortable, safe and intelligent driving experiences in its all-new Scorpio-N vehicle.

The chip-maker…

Consumer IT spending to slide further amid recession fears in Asia-Pacific

Singapor (IANS) The consumer IT spending in the Asia-Pacific region, already taking the brunt in the ongoing tight market conditions, is set to further slide in 2023, depending on the severity of the economic slowdown, according to an IDC report.