Apple saw its shares tumble by nearly 4 per cent on Thursday, marking its most substantial one-day drop in over a month. The catalyst for this sharp decline was the emergence of reports indicating that China had extended restrictions on the use of iPhones by government personnel. The move sent shockwaves through the tech industry […]
Gulf Oil Lubricants India Limited (GOLIL) on Monday said it will acquire a controlling 51 per cent stake in Tirex Transmission Private Limited (Tirex), a manufacturer of DC fast chargers for EVs. The decision was officially approved during the Board of Directors’ meeting held on 27 August 2023. Tirex, a private company based in Ahmedabad, […]
Wearable devices market in India saw a robust 53.3 per cent yearly growth in the first half of 2023, with shipping of 57.8 million units, according to data released by International Data Corporation (IDC). International Data Corporation (IDC) is a global market intelligence and advisory services provider. During the quarter of 2023, 32.8 million wearables […]
The technical textile segment in India has in recent years shown robust growth, both internationally and in the domestic market, and the market is likely to double in the next five years, said Rachna Shah, Secretary, Ministry of Textiles. “Within India, the market size is around USD 22 billion, and the goal of the government […]
India will soon overtake China as the largest driver of global oil demand, International Energy Agency (IEA) chief Fatih Birol said on Wednesday, according to Reuters. Birol made this statement during a G20 event in New Delhi, emphasizing the “rapid growth of electrification in cars and buses in China as one of the reasons behind […]
The equity market continued with losses on Monday morning as domestic investors anticipate lower retail inflation. In global markets too, investors await inflation data updates, which are expected anytime this week, from both the US and UK. The markets here had opened with slight gains but soon after witnessing volatility and weak cues from global […]
