Government News States

Liquor Sales In Karnataka Decline After Excise Duty Hike

Karnataka has recorded a decline in liquor sales in the state in August after the new government increased the excise duty. As per the statement from the Federation of Wine Merchants’ Association, Karnataka, the first two weeks of August have seen a significant decline in both sales and revenue. It may be recalled that while […]

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Electronics International Manufacturing News

Global Smartphone Shipments Declines 7.8% in Q2 2023

Global smartphone shipments declined 7.8 per cent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June),  preliminary data from the International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global market intelligence and advisory services provider. With this, it marks the eighth consecutive quarter of contraction as […]

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Export International News

US-China Trade Relations Strained As Companies Move Supply Chains Away From China

Recent data indicates that the United States imports fewer Chinese goods as Western companies shift their supply chains away from China, a media report said. Chinese products, which comprise the largest share of low-cost Asian imports in the US, are expected to drop below 50 per cent for the first time in over 10 years, […]

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News Retail

Total Retail Vehicle Sales In India Decline 4% In April: Federation

The new financial year 2023-24 kicked off on a relatively weaker note for retail vehicle sales in India as data showed they declined in the month of April. April saw a four per cent decline in total retail vehicle sales. Category-wise, two-wheelers and personal vehicle sales declined 7.30 per cent and 1.35 per cent to […]

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Brands Electronics

Apple’s Computer Shipments Decline 40% In Jan-March Quarter On Weak Demand: IDC report

Tech giant Apple’s personal computer shipments during January-March 2023 quarter declined over 40 per cent on a yearly basis owing to weak demand and weak macroeconomic fundamentals, data compiled by International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global provider of market intelligence and advisory services. Apple’s PC shipments dropped the most […]

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