NEW DELHI: In a major upset in the Indian smartphone market, Apple overtook Chinese giant Xiaomi in sales during the first quarter of this year, cracking the Top 5 ranking in terms of market share.While Apple has gained from rising demand for its premium iPhones, the fall for Xiaomi – which is now ranked sixth…
Bharti Airtel has reached out to Reliance Jio and Vodafone Idea (VIL) with a proposal for a joint industry initiative to combat the rising menace of telecom fraud and scams, the company has informed the government and the Telecom Regulatory Authority of India (Trai).In separate communications to the telecom firms, Airtel highlighted alarming data showing…
Reliance General Insurance, a subsidiary of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), posted a 12.5% increase in net profit to Rs 315 crore for the financial year ended March 2025, as the company recovers from nearly three years under insolvency proceedings.The company’s Gross Direct Premium (GDP) rose 7.4% year-on-year to Rs…
India’s renewable energy sector has seen remarkable growth over the past decade, with installed green energy capacity surging to 232 GW from 75.52 GW in March 2014, .This threefold increase signifies the country’s emergence as a global leader in clean energy. Notably, solar power has driven much of this transformation. Solar energy capacity has grown…
The jute industry is pinning its hopes on the upcoming Expert Committee on Jute (ECJ) meeting, scheduled for June 3 in Kolkata, as it grapples with high raw jute prices, delayed crop arrivals, and tight supply conditions.The ECJ, under the Ministry of Textiles, will review the raw jute and mesta supply-demand situation for 2024–25 and…
India’s semiconductor design Global Capability Centers (GCCs) experienced a nearly 15% year-on-year decline in job openings during the financial year 2024-25, largely due to ongoing geopolitical uncertainties and global supply chain disruptions, according to a report by talent solutions provider Careernet.The report highlights that open positions in the sector peaked in May 2024 at 3,760…
The primary market is set to witness heightened activity next week as four main-board initial public offerings (IPOs), including those from Schloss Bangalore Ltd and Aegis Vopak Terminals, are scheduled to hit Dalal Street, collectively aiming to raise over Rs 6,600 crore.Alongside Schloss Bangalore and Aegis Vopak Terminals, IPOs of Prostar Info Systems and Scoda…
National Securities Depository Ltd (NSDL), which is preparing for its initial public offering (IPO), reported a 4.77 per cent increase in consolidated net profit to Rs 83.3 crore for the quarter ended March 2025.The depository had posted a net profit of Rs 79.5 crore in the same period a year ago.Total income during the January–March…
The overall market value of six out of India’s ten most valued companies fell by a staggering Rs 78,166.08 crore last week, as weak sentiment continued to weigh down equity markets.Reliance Industries saw the sharpest erosion in value, reflecting the downturn in benchmark indices.The BSE Sensex dropped by 609.51 points or 0.74%, while the Nifty…
Indian equities, over the upcoming week, are expected to be driven by a combination of domestic macroeconomic data, global cues, and foreign investor activity, analysts said.Equity benchmarks ended the previous week on a muted note, weighed down by ongoing global uncertainties. The BSE Sensex fell 609.51 points or 0.74%, while the NSE Nifty declined 166.65…
