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Wed, Apr 25 2018. 08 12 PM IST
After overtaking Samsung as the market leader in India in Q4 2017, Xiaomi consolidated the lead with 31.1% of the smartphone market share in Q1 2018, according to the latest report by Counterpoint Research, a Hong Kong based research firm Xiaomi’s market share in the previous quarter was 25%. The report attributes Xiaomi’s success to a series of new smartphone launches in the budget segment.Chinese companies continue to dominate India’s smartphone market while the top five players now control 70% of the market share.
Wed, Apr 25 2018. 06 26 PM IST
Flipkart’s key shareholders are keen to continue negotiations with Amazon until a deal is finalized with either of the two firms. A deal between Walmart and Flipkart is more likely because a potential alliance between Amazon and Flipkart would almost certainly attract the attention of India’s anti-trust regulator. Walmart is in advanced talks to buy more than 55% of Flipkart through a mix of primary and secondary share purchases. While the primary transaction is estimated to value Flipkart at $20-21 billion, the secondary share deal could happen at a price that is 20-25% lower.
Wed, Apr 25 2018. 04 04 PM IST
On 24 April, Maharashtra CM Devendra Fadnavis stamped his approval on the Development Plan (DP)-2034 report. Set within the framework of the Maharashtra Regional Town Planning Act (MRTP). It paves the way for Mumbai to have more land available to build homes and commercial spaces. DP 2034 proposes to unlock about 3,734 hectares of public and privately owned lands
Wed, Apr 25 2018. 03 56 PM IST
Barc India’s out-of-home or OOH measurement is a pre-subscribed service and Star India is the first network to subscribe to it for the ongoing Indian Premiere League. The opening week of IPL witnessed 125.1 million impressions from the urban market and 88.8 million from rural India
Mon, Apr 23 2018. 09 00 PM IST
Tata Consultancy Services Ltd (TCS) crosses the Rs10,000 crore market capitalisation milestone. It has overtaken Accenture Plc. which has a market cap of Rs9,820 crore. TCS now ranks 97th in the world’s 100 most valued organisations. The company’s shares rose 2.65% on Monday to Rs3,496. The IT giant’s dollar revenue increased 3.9% to Rs497 crore billion in the quarter. TCS has increased its target price to Rs2,950 from Rs2,550 earlier. It expects revenue growth to accelerate from 6.7% in fiscal 2018 to 9.9% in FY19.
Mon, Apr 23 2018. 08 53 PM IST
The Indian landscape has fascinated storytellers from around the globe. India has often played muse to foreign filmmakers to delve deep into its philosophy and life via their viewfinder. From ‘The Best Exotic Marigold Hotel’ to ‘Slumdog Millionaire’, here’s a look at ten times foreign filmmakers attempted films set in the Indian subcontinent
Mon, Apr 23 2018. 05 07 PM IST
Bangladesh marks the fifth anniversary of one of the nation’s worst industrial disasters on Tuesday. More than 1,100 workers were killed when the Rana Plaza building that housed a garment factory, collapsed on 24April 2013. The collapse triggered worldwide outrage and spotlighted the Western clothing brands benefitting from the country’s low wages, which are among the world’s lowest.
Fri, Apr 20 2018. 06 17 PM IST
India’s steel production rose to 86.7 million tonnes in the nine months to December 2017 from 73.96 million tonnes in the year-ago period, steel ministry data shows. JSW Steel (with a capacity of 18 mt) and Jindal Steel and Power (8.6 mt) recorded their highest ever quarterly and monthly crude steel production, respectively in the March quarter. Tata Steel (13 mt) was hampered by a temporary technical snag at its Kalinganagar blast furnace but crossed the 3 mt mark for the quarter. At 12.48 mt for the year, it recorded its highest ever output for the full year FY18.
Fri, Apr 20 2018. 06 15 PM IST
The eligibility criteria for the strategic disinvestment is only financial and does not require investors to have prior experience in the aviation sector. Emphasis on allowing other investors to bid in the Air India privatisation process comes after some airlines, including IndiGo and Jet Airways, dropped out. So far the department of investment and public asset management has received a lot of queries regarding Air India privatisation from prospective airline and non-airline investors.
Fri, Apr 20 2018. 05 46 PM IST
An Indian man missing for 40 years reunited with his family after a YouTube video of him singing a popular Hindi film song went viral. Firoze Shakir, a street photographer, shot the video and uploaded it to YouTube in October last year. Khomdram Gambhir Singh was 26 when in 1978 he left his home in Imphal and never returned. For four decades his family heard nothing. Then a clip showing a grey-bearded man singing a Bollywood song on a Mumbai street 3,300 kilometres away appeared online.