Business

Apple dominated global smartwatch market in Q2 2018


San Francisco, Aug 31: Apple continued to dominate the smartwatch market with a 41 per cent share as global smartwatch shipments grew 37 per cent Year-on-Year in the second quarter of 2018, a Counterpoint report said on Friday.US-based wearables major Fitbit grabbed the second spot with 21 per cent market share while...

Android phones to have 85% global market share in 2018: IDC


New Delhi, Aug 30: Android mobile phones will take around 85 per cent share of the global market in 2018 as volumes are expected to grow at a five-year Compound Annual Growth Rate (CAGR) of 2.4 per cent, with shipments approaching 1.41 billion in 2022, an IDC report said on Thursday.Apple is...

Choked Mumbai, Delhi, Bengaluru in queue to board Uber flying cabs


Tokyo, Aug 30: Choked road traffic conditions in three mega cities prompted global ride-hailing platform Uber to select India among the first five shortlisted finalist countries which could be home to an international Uber Air City within the next five years.After evaluating countries across the globe, Uber Elevate -- the ride-hailing platform's...

Profit booking, weak rupee depress equity indices


Mumbai, Aug 30: Profit booking ahead of the August futures and options expiry and a weak rupee subdued the key Indian indices on Thursday.Both the key indices -- SP BSE Sensex and NSE Nifty50 -- ended marginally lower paring their major losses made earlier in the day. The Indian currency earlier in the...

Xiaomi leads Indian wearables market in Q2: IDC


New Delhi, Aug 30: Xiaomi led the Indian wearables market with a 46 per cent share and 31 per cent quarter-over-quarter (QoQ) growth as shipments crossed the one million mark in the second quarter of 2018, International Data Corporation (IDC) said on Thursday.The Indian wearables market witnessed an impressive growth of 66...

High crude oil prices drive rupee to fresh low


Mumbai, Aug 30: High global crude oil prices, along with continuous outflow of foreign funds pulled the Indian rupee to a fresh low on Thursday.According to analysts, caution ahead of key macro-economic data, coupled with a rise in demand for US dollars also dragged the rupee lower. High crude oil prices and month-end...

Indian enterprises to spend $1.7 bn on bolstering security in 2018


Mumbai, Aug 30: Increasing security breaches amid skill shortage will push enterprise spending on information security products and services in India to reach $1.7 billion in 2018, Gartner said on Thursday.This is an increase of 12.5 per cent from 2017. In 2019, the market is forecast to hit $1.9 billion. Continued focus on...

Tim Cook richer by $57 mn after Apple hits $1-trillion mark


San Francisco, Aug 30: Apple CEO Tim Cook became richer by over $57 million in a jiffy when he sold shares given to him as the company's market cap earlier this month exceeded $1 trillion for the first time.According to a US regulatory filing, Cook sold 2,65,000 Apple shares worth $121 million,...

‘All post offices to be linked to India Post Payments Bank system by Dec 31’


New Delhi, Aug 29: All the 1.55 lakh post offices in the country would be linked to the India Post Payments Bank (IPPB) system by December 31, 2018, Communications Minister Manoj Sinha said on Wednesday.The India Post Payments Bank is scheduled to be launched nation-wide on September 1. On the day of the launch, IPPB...