BUSINESS
Import restrictions on PCs, tablets to ensure trusted hardware & systems: Centre
Minister of State for Electronics and IT, Rajeev Chandrasekhar, said that India is becoming one of the world's fastest growing markets for digital products including laptops and servers etc.
Amazon posts $6.7 bn in net income, AWS biz grows 12%
“It was another strong quarter of progress for Amazon. Our AWS growth stabilized as customers started shifting from cost optimisation to new workload deployment, and AWS has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases,” said Andy Jassy, Amazon CEO.
Cipla up 3 % on reports of promoter stake sale
Last week, Cipla had clarified that the company is not aware of any event that requires disclosure under Listing Regulations. “The company will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement arises." it said in a filing.
Bulk drug imports from China to stay at alarming 65%
When it comes to bulk drugs, a substantial dependency on a single country -- China, raises concerns due to existing geopolitical tensions, the report said.
Nykaa CEO Nayar to take charge of marketing after 6 executives quit: Report
Other names include Senior Vice President for retail Kingshuk Basu, Senior VP in the fashion unit Sumant Kasliwal, VP Sachin Kataria of ecommerce business, VP for marketing and communications Shantanu Prakash, and Aditya Sandhu of business-to-business sales unit in the last few months, Reuters reported.
World Bank executives meet Sitharaman; appreciate India's growth story
As many as 11 executive directors of World Bank representing 95 countries, met the finance minister. Official sources said that they shared their key takeaways with Sitharaman after having visited Mumbai, Ahmedabad and Lucknow.
Bharti Airtel posts quarterly revenues of Rs 37,440cr
Consolidated mobile data traffic at 15,078 PBs in the quarter with a healthy YoY growth of 22.7 per cent. India revenues for Q1'24 at Rs 26,375 crore, increased by 13.1 per cent YoY.
'India will have competitive federalism with Centre-state jostling for investments'
"While competitive federalism will dominate, prospects for cooperative federalism still exist and will be pursued intermittently. International governments and businesses engaging with India will need political astuteness to navigate different layers of bureaucracy and stakeholder interests," the report notes.
India smartphone market dips 10% YoY, Apple logs 61% growth
In the second quarter (Q2), the market grew by 10 per cent over the previous quarter but declined by 3 per cent YoY with 34 million units, according to the International Data Corporation (IDC).
'India's macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'
A paramount test will be whether India can become the next big global manufacturing hub, an immense opportunity. Developing a strong logistics framework will be key in transforming India from a services-dominated economy into a manufacturing-dominant one, the report said.
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