Rising prices of new smartphones are driving buyers towards refurbished iPhones and premium pre-owned devices NEW DELHI: Refurbished smartphones are finding more buyers in India. Rising prices of new devices are pushing consumers towards cheaper alternatives, including older iPhones, helping the secondary market grow even as new handset sales face a slowdown. ControlZ (refurbished electronics…
Maruti, Hyundai clock highest-ever monthly domestic sales NEW DELHI: Carmakers rode festive demand to new sales records in Oct. Growth extended beyond SUVs, with Maruti Suzuki reporting stronger car sales and supply constraints in CNG vehicles, although the durability of demand after the festive season will be the next test.Maruti and Hyundai recorded their highest-ever…
Vaishnaw said that the work was progressing well. NEW DELHI: Railway minister Ashwini Vaishnaw on Sunday inspected the manufacturing of India’s first bullet train at BEML’s facility in Bengaluru and expressed satisfaction with the progress, highlighting the emphasis on quality and international standards.Vaishnaw said all major components were being manufactured, integrated and tested, and that…
EPFO will initiate the settlement process automatically after completing the prescribed identity and bank account verification. The eligible amount will then be transferred to the rightful beneficiaries. NEW DELHI: Union labour and employment minister Mansukh Mandaviya on Sunday launched WhatsApp-based services for Employees’ Provident Fund Organisation (EPFO) subscribers.The roll out will allow them to check…
An analysis of over 37,000 technology and digital roles shows that traditional valuation proxies no longer accurately predict market value. By Neeti Sharma, CEO, TeamLease DigitalThe contemporary enterprise operates in an environment defined by unprecedented geopolitical volatility, economic shifts, and rapid technological acceleration. Across the Asia-Pacific region, 81% of senior leaders identify the capacity to…
IGL reported a 93.4% decline in Q2 FY27 profit to Rs 24.4 crore, despite an 8% rise in sales volume NEW DELHI: IGL reported a 93.4% decline in its profit in the second quarter of FY27 due to a substantial increase in input gas costs amid global supply disruptions caused by uncertainties in West Asia.The…
India’s gross Goods and Services Tax (GST) collections surged 22.9% year-on-year to over ₹2.31 lakh crore in October, marking the second-highest monthly tally since July 2017 when the tax regime was rolled out. The growth was primarily driven by a sharp uptick in import-linked tax revenue. The spike in October’s gross revenue was led by…
The first phase covers 15 cryptocurrencies, including Bitcoin, Ether, XRP and Dogecoin. Binance resumed withdrawals of Bitcoin, Ether and some stablecoins on Sunday after hackers stole $6.3 billion worth of cryptocurrency from the exchange. The world’s largest cryptocurrency exchange said it had replaced 95 per cent of the stolen assets using its own funds, while…
Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of substantial outflows amid concerns over high crude oil prices, global interest rates and the outlook for corporate earnings.However, foreign investors turned net buyers towards the end of the month, purchasing equities worth around Rs 6,300 crore…
Narayan Sethuramon, co-chairman of the CII International Council India’s free trade agreement (FTA) with the UK, which came into force in July, and the proposed pact with the European Union, expected to be signed next month, offer significant opportunities for domestic manufacturers to expand their global footprint.But industry needs to step up efforts to translate…
