The forward-looking Union Budget for 2023-24, presented by Nirmala Sitharaman, India’s Finance Minister, keeps the focus on leveraging and accelerating technology adoption for enabling and empowering India’s techade as well as India@100. Enabling India-specific 5G Use Cases.Setting-up 100 5G labs in engineering institutions will provide the much-needed impetus to realize the new opportunities that 5G …
Apple’s PC and laptop shipments across Indian enterprises have grown more than 50% YoY as mindshare and market share across larger enterprises, rising pool of content creators and app developers continue to rise, analysts said. Luca Maestri, Chief Financial Officer, Apple during the recent earnings calls said that in the enterprise market, our customers are …
The Department of Consumer Affairs under Government of India has set up a committee to develop a comprehensive framework for the RTR in the country. The sectors identified during the first committee meeting include Farming Equipment, Mobile Phones/ Tablets, Consumer Durables and Automobiles/Automobile Equipment. This comes a month after Prime Minister Narendra Modi launched the …
There are always decisive moments in history, the implications and impact of which only become clearer in hindsight. The pandemic changed the way we lived, worked and thought about things. There are two distinct trends that have emerged in the new normal: The hunt for talent. We are witnessing a shift from a temporary to …
Samsung looks to be on track to regain its top spot in the Indian smartphone market, after a strong performance in March. The South Korean electronics maker, which once replaced Nokia atop the smartphone market in India, has ceded that spot to China’s Xiaomi since the third quarter of 2020. Growing traction in offline retail …
For Indian consumers, the smartphone is an extension of their lifestyle. Indian consumers are value conscious, aspirational and demanding. They seek the best-in-class specs, and are, for the most part, brand agnostic, especially in the entry-level premium segment. For a smartphone brand to be considered premium, it would need to deliver on the hardware as …
Apple posted a double-digit revenue growth in India in the quarter ending June, and has since doubled its business in India in FY 2021 with a stellar performance. As per Apple, it generated a quarterly revenue of $83.4Bn in Q4 2021. Demand was very robust, and Apple set another quarterly record despite larger-than-expected supply constraints. …
Beating earnings expectations for its Q2 2021, Facebook Inc registered total revenue of $29.1 billion, a 56 per cent year-over-year increase. Facebook’s record performance was driven by the digital transformation that was accelerated during the pandemic along with the company’s long-term investments in tools and products to help businesses make the shift online. Creators, adding …
Apple registered more than 140 per cent growth in India in the second quarter this year, as iPhone 11 continued to perform well with a strong aspirational brand value, a report showed on Wednesday. iPhone 11 contributed over 60 per cent of the iPhone shipments during the April-June quarter in the country, according to data …
The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt. With 16 unicorns (startups with a valuation of over $1 billion) and more than $11 billion in funding, chiefly from the US-based investment firms (till June-end), the year 2021 has proved that Chinese investment is …