Apple’s CEO Tim Cook revealed during Q1 earnings call that the tech giant experienced robust double-digit growth in the December quarter in India. This growth catapulted the company to yet another quarter revenue record in the nation, according to Cook. Despite India’s overall smartphone shipments maintaining a steady course at 152 million units in 2023, […]
Boat, a consumer electronics brand said that Bollywood star Ranveer Singh has joined as an investor and the official face of its audio goods, according to the press release. Singh invested an unknown amount in the company. According to the statement, Singh’s entrepreneurial energy and extensive awareness of Gen Z and millennial audio tastes make him a […]
Finance Minister Nirmala Sitharaman has presented the budget for the sixth time. On Thursday, she unveiled the interim budget for FY 2024-2025 ahead of the official government takeover in July 2024. Sitharaman expressed confidence in BJP’s victory in the upcoming general election this year. She stated, “In July 2024, our administration will present a comprehensive […]
Voltas, a Tata Group-owned consumer appliance firm, recorded a consolidated net loss of Rs 27.60 crore in the third quarter (Q3) ended December 2023, compared to a net loss of Rs 110.49 crore in the same time the previous fiscal year, according to a BSE filing. However, the company’s overall income increased by 31.8 per […]
Blue Star, which manufactures air conditioners and commercial refrigeration systems, recorded a 72 per cent increase in total net profit to Rs 100.46 crore in the third quarter that ended December 2023, boosted by strong sales over the Christmas season. According to a regulatory filing from Blue Star, the business had a net profit of Rs […]
Smartphone maker Realme intends to expand sales in India by 10 per cent this year as it strives to be one of the top five brands in the world, the company’s founder and CEO Sky Li said on Monday. Li, speaking at the launch of Realme 12 Pro Series 5G, said that the company’s expectations […]
Indian electronics players seek tax reductions and export opportunities to sustain the ‘Made in India’ momentum and compete with challenges posed by Chinese brands The spike in ‘Made in India’ items seen in the Indian sector last year, combined with the exit of numerous Chinese brands, has created opportunities for local players. However, competing directly […]
Apple’s smartphone shipments in China fell 2.1 per cent in the fourth quarter of 2023 compared to the same time a year ago, hampered by increased rivalry from local rivals headed by Huawei, according to IDC statistics released on Thursday. The reduction highlights the hurdles that the US business has in its third-largest market, as […]
Lava International’s subsidiary SOJO Manufacturing Services (AP) has recently been approved for IT hardware manufacturing under the Centre’s production-linked incentive (PLI) scheme. The PLI will allow SOJO to manufacture consumer electronic durables such as smartphones, feature phones, accessories, tablets, laptops and other IT hardware for Lava International and other Indian and global brands. In a […]
Samsung said on Thursday a partnership with quick-commerce platform Blinkit to bring its recently introduced Galaxy S24 series to India. Customers in Delhi-NCR, Bengaluru and Mumbai may order Galaxy S24 Ultra, Galaxy S24+, and Galaxy S24 smartphones through Blinkit, and they will be delivered in less than 10 minutes, according to the official announcement. Along […]
