Business

Caution ahead of growth data pulls rupee lower; breaches 71-mark


Mumbai, Aug 31: Caution ahead of key macro-economic growth data, coupled with high global crude oil prices, pulled the Indian rupee to a fresh low of 71 to a US dollar on Friday.According to analysts, the continuous outflow of foreign funds also adversely impacted the rupee's prospects.Around 11.30 a.m. the Indian rupee...

Vodafone-Idea merger complete, becomes operational


New Delhi, Aug 31: The merger of Vodafone India and Idea Cellular is complete after the National Company Law Tribunal (NCLT) approved the merger, creating India's largest telecom operator with over 400 million subscribers, a joint statement by the two companies said on Friday.The clearance from the tribunal was the last leg...

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...