economic slowdown
Inflation Woes Hit Rural Demand, Bajaj Electricals Q3 Profit Slides By 40%
Brands Companies Electronics Finance News

Inflation Woes Hit Rural Demand, Bajaj Electricals Q3 Profit Slides By 40%

India’s Bajaj Electricals reported its third straight quarterly profit decline on Monday, as rising inflation impacted seasonal spending and rural demand remained weak. Consolidated net profit fell nearly 40 per cent to 373.6 million rupees ($4.5 million) in the three months ending 31 December, after falling 56 per cent and 14 per cent in the previous two quarters. In India, […]

Read More
India's GDP Growth Surges To 8.4% In Q3, FY24 Forecast Pegged At 7.6%
Economy Feature National News

India’s GDP Growth To Print At 7.0% In Q2FY24, Exceeding MPC’s Estimates

Amid the slowing global growth, geopolitical risks and volatile financial conditions, India’s year-on-year (YoY) growth of the gross domestic product (GDP) is projected to moderate sequentially to 7.0 per cent in Q2FY2024. In India, domestic economic activity is being supported by robust agricultural performance, sustained buoyancy in services, double-digit credit growth and healthier corporate and […]

Read More
Apple Reports Double-Digit Growth In India
Brands Companies Electronics International News

Huawei’s Comeback Challenges Apple In China’s Smartphone Market

Apple’s latest flagship, the iPhone 15, is experiencing lackluster sales in China, raising concerns for the tech giant in one of the world’s most critical markets. Market analysis from Counterpoint Research has revealed a 4.5 per cent drop in sales compared to its predecessor, the iPhone 14, during the first 17 days after its release. […]

Read More