Articles for tag: Anticipate, Companies, Demand, Eagerly, festivalseason, Indias, iPhones, Market, refurbished, Sales, Smartphones, Surging, Transforming

September 26, 2024

Surging demand for refurbished smartphones, especially iPhones, is transforming India’s market as companies eagerly anticipate festival-season sales.

The refurbished smartphone Market in India is rapidly growing, with rising demand for premium devices like iPhones. Sellers such as Flipkart, Cashify, and Grest report significant sales increases as the festival season approaches. For instance, Cashify saw a remarkable 444 percent revenue jump from refurbished smartphone sales in 2023. The Market is fueled by advancements ...

September 26, 2024

Market News

Business

Sri Lanka’s new president, Anura Kumara Dissanayake, ignites nationalist fears, reshaping regional dynamics amid India’s faltering influence.

Sri Lanka has elected Anura Kumara Dissanayake as its new president, marking a significant shift in the nation’s political landscape. Dissanayake, a nationalist outsider, won against established centrists, showcasing the strength of Sri Lanka’s democracy. His victory comes two years after significant protests led to the resignation of the previous leadership. However, Dissanayake’s rise raises ...

September 26, 2024

Market News

Business

India’s labor market remains stagnant with 3.2% unemployment, overshadowed by rising self-employment, amidst evolving regulatory challenges and international agreements.

The recent Periodic Labour Force Survey report for July 2023 to June 2024 shows that India’s unemployment rate remains steady at 3.2 percent, unchanged from the previous year. However, the report reveals significant challenges in the labor Market, including a growing trend of self-employment, with over half of the workforce categorized as “own account workers” ...

September 25, 2024

Market News

Business

Nirmala Sitharaman urges AIIB to support low-income nations, strengthens ties with Qatar amid India’s booming economy.

Union Finance Minister Nirmala Sitharaman urged the Asian Infrastructure Investment Bank (AIIB) to maintain a client-centric approach, especially for low-income countries, to access financial resources and technical assistance. During a meeting with AIIB President Jin Liqun prior to the 9th Annual Meeting of Board of Governors, she praised the bank’s rapid growth over nine years. ...

September 25, 2024

Market News

Business

Zepto clinches the top spot in LinkedIn’s 2024 Top Startups India List for the second consecutive year, showcasing India’s entrepreneurial spirit.

Zepto, the quick commerce platform, has been ranked as the top startup in LinkedIn’s Top Startups India List for 2024, marking its second consecutive year in this prestigious position. This annual ranking is based on insights from over 1 billion LinkedIn members and evaluates startups on key factors such as employment growth, employee engagement, and ...

September 25, 2024

Market News

Business

In a pivotal interview, Hans Dekkers of IBM APAC highlights India’s vast AI potential and the transformative future ahead.

Hans Dekkers, the new general manager of IBM Asia-Pacific (APAC), took charge in August 2024, emphasizing India’s vast potential as the company’s largest Market in the region. In a recent interview during IBM’s flagship event, IBM Think, held in Mumbai, Dekkers shared his insights on key opportunities and strategic focus areas for the company. He ...

September 24, 2024

Market News

Business

India’s UPI seeks global expansion, negotiating digital payment systems in Africa and South America, aiming for launches by 2027.

India is actively working with several countries in Africa and South America to establish digital payment systems based on its successful Unified Payments Interface (UPI) model. Ritesh Shukla, CEO of NPCI International Payments Ltd, announced that two projects are expected to launch by early 2027, following agreements with Peru and Namibia earlier this year. The ...

September 24, 2024

Market News

Business

Sebi probes investment banks for inflated IPO fees, revealing potential malpractices in India’s booming small business offerings.

India’s securities regulator, SEBI, is investigating six investment banks over high fees related to small business IPOs, which are reportedly reaching 15% of funds raised—far above the typical 1-3% range. This investigation, which started earlier this year, aims to combat malpractice in a booming IPO Market. SEBI is concerned that these inflated fees encourage artificial ...

September 24, 2024

Market News

Business

India’s economy surged to an 8.2% growth in FY24, but the RBI faces inflation challenges ahead of potential rate cuts.

India’s economy is showing remarkable resilience, with a growth rate of 8.2% recorded in FY24. S&P Global Ratings has kept its GDP growth forecast for FY25 at 6.8%, acknowledging that the Reserve Bank of India may reduce interest rates as early as October due to moderated urban demand. The Indian government’s focus on fiscal consolidation ...

September 24, 2024

Market News

Business

In New York, Modi announces new US consulates, emphasizing India’s pivotal role in global growth and unity, igniting diaspora pride.

Prime Minister Narendra Modi addressed the Indian community in New York, announcing the opening of two new Indian consulates in Boston and Los Angeles. He emphasized India’s evolving foreign policy, stating that the country now seeks equal partnerships globally, moving away from previous policies of equidistance. Modi highlighted India’s significant role during the COVID-19 pandemic ...