BUSINESS
CAIT calls for staggered timings for different sectors amid Covid surge
Assuring full cooperation of the business community of India to both Central and state governments in their efforts against the coronavirus spread, it said that on one side, effective steps are needed to stop increase in Covid cases, and on the other, economic and commercial activities should also continue by observing safety protocols in a strict manner.
Global manufacturing activity expands in March: Index
The global manufacturing purchasing managers' index (PMI) stood at 57.8 in March, up by 2.2 percentage points from the previous month, according to the CFLP, Xinhua reported on Sunday.
FPIs turn net sellers, pull out Rs 740 cr so far in April
This is a reversal from the bullish sentiments among the foreign investors over the past one year.So far in 2020, net FPI investments into the equity market have stood at Rs 55,002 crore, with Rs 19,473 crore, Rs 25,787 crore and Rs 10,482 crore net investments in January, February and March.
S Korean mobile carriers tipped for robust Q1 earnings
The combined operating profits of the country's three major mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- are expected to have reached 966.5 billion won ($863.3 million) in the January-March period, up 6.8 per cent from the previous year, according to the poll on six local brokerage houses by Yonhap Infomax, the financial arm of Yonhap News Agency.
Amazon 'Mentor Connect' programme for startups launched
Introduced ahead of ahead of the company's flagship event "Smbhav," the Amazon Mentor Connect programme is aimed at accelerating the growth of start-ups and emerging brands owners enrolled in the "Amazon Launchpad" programme.Amazon Launchpad showcases differentiated products from startups and emerging brands to millions of Amazon customers.
72mn households worldwide to own 8K TV by 2025: Report
According to a forecast by market researcher Strategy Analytics, sales of more than one million 8K TVs are expected in 2021 and around four million in 2022.This will represent quite a jump from a slower than expected 2020 when just under 350,000 8K TVs were sold globally.
Tata Comms, BIX extend partnership for high-speed internet in Bahrain
Equipped with OTU-4 (Optical Transport Unit), a next-generation optical technology, TGN-Gulf cable system will enable customers with a robust, consistent, and manageable data transport infrastructure with the capability to scale up beyond 100 Gbps, said a company statement.
Rise in Covid cases to delay demand recovery in global oil market
It however, noted that with 'OPEC+' capping supply to ensure supply deficit, impact on oil prices is likely to be muted."Fresh surge in Covid cases, consequent lockdowns and slow rollout of vaccines, especially in Europe, are likely to delay demand recovery to pre-Covid levels," the report said.
Lenovo leads global PC market in Q1 2021, HP 2nd
HP Inc was second with 22.9 per cent PC market share, followed by Dell Technologies at 15.4 per cent share.PC shipments reached 84 million worldwide in the January-March period, a modest 8 per cent decline from the fourth quarter of 2020.
3 iPhone 12 phones contribute to 71% of Apple sales in January
The Apple iPhone 12 led the list followed by the iPhone 12 Pro and iPhone 12 Pro Max, according to Counterpoint Research's ‘Market Pulse' report.There was a pent-up demand for 5G upgrades within the iOS base which, along with strong carrier promotions, resulted in robust sales for the iPhone 12 series.
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