Consumer confidence has increased by 2.2 percentage points, revealed a recent report by Refinitiv-Ipsos, the primary consumer sentiment index (PCSI). This surge is reflected across all four sub-indices, indicating a positive outlook on various economic aspects. The monthly PCSI result, determined by the sum of four weighted sub-indices, paints a promising picture for the economy. […]
South Korea’s Hyundai Motor Co and affiliate Kia Corp forecast on Wednesday that their combined global sales will rise about 2 per cent in 2024, even as last year’s sales fell short of target. The duo sold 7.3 million vehicles in 2023, about 3 per cent less than their combined target of 7.52 million, largely […]
Indian government on Tuesday told the World Trade Organization (WTO) that it has no plans to extend the ban beyond the mentioned products in the October notification pertaining to IT hardware products such as personal computers, Tablets and laptops. The government said that industry consultations were undertaken before issuing the notification on 3 August and […]
Tech major Apple is reportedly on a hunt for new suppliers in India, Japan and South Korea to provide crucial components to its contract manufacturers in India, according to a latest report by the Economic Times. Apple’s search came against the backdrop of delayed approvals from the Indian government for imports from existing suppliers, primarily […]
In the third quarter of 2023, Samsung, the South Korea-based tech giant, has secured over 80 per cent of the smartphone market share in its home country, as reported by Counterpoint data and noted by Yonhap news agency. Despite a decline in demand for high-end smartphones and other gadgets, Samsung achieved this dominance, selling approximately […]
India’s overall oilmeal exports rose 19 per cent on a yearly basis during the first quarter of the financial year 2023-2024 to 1.21 million tonne, according to the Solvent Extractors’ Association of India (SEA) data. In June, exports were, however, 35 per cent lower. In the same quarter of 2022, the total oilmeal exports were […]
Samsung has said that its highly anticipated Unpacked event will take place on 26 July at 7 AM ET. Breaking away from tradition, the event will be held in Seoul, South Korea, as the company showcases its latest generation of foldable devices. With pre-release leaks providing some insights, enthusiasts can expect new iterations of the […]
