BUSINESS
Chipset market grows 5% as Russia-Ukraine war threatens global supply
Amid the global chip shortage that is going to worsen with the Russia-Ukraine war, a new report has shown that the global smartphone AP (Application Processor)/SoC (System on Chip) chipset shipments grew 5 per cent (on-year) in the fourth quarter of 2021.5G smartphone SoC shipments were almost half of the total SoC shipments, according to Counterpoint Research. MediaTek led the smartphone SoC market with a share of 33 per cent in Q4.
Low interest rates to drive home loans growth
Decadal low-interest rates as well as stable property prices will drive home loan's growth in FY23. As per India Ratings and Research, lowest interest rates seen in decades along with stable property prices and the low impact of the Covid-19's third wave have led to improved affordability for borrowers.
Rural consumption in Q3FY22 estimated to have grown 2% YoY
According to Motilal Oswal Financial Services Ltd. (MOFSL), the estimated growth in Q3FY22 comes after a decline of 1.7 per cent YoY in Q2FY22. Additionally, faster growth in real rural agri or non-agri wages in Q3FY22 also underpinned rural consumption last quarter, it said. On the other hand, urban sector grew strongly in 1HCY21 and continued its decent growth in 2HCY21, but it was below the pre-Covid trend as of end-CY21.
Bitcoin hovers around $39K amid talks of Russia-Ukraine dialogue
Bitcoin, which nosedived below $34,000 when the war began on Thursday, was flat on Saturday at nearly $39,000 per coin, compared with a 5 per cent gain in XRP digital asset and a 10 per cent rise in Terra's LUNA token, reports CoinDesk. The second major cryptocurrency Ethereum was at $2,710 per coin, up 2.66 per cent.
New airports expected to attract investments worth Rs 2.3 tn
As per consulting firm Praxis Global Alliance, with the growing demand for airports, India needs an average additional 34 airports by 2025, and about 125 airports by 2030 to meet the 350-400 million additional passengers demand forecasted by 2030. "Indian airport infrastructure sector is expected to grow at a steady CAGR as Covid-19 clouds clear and demand increases," the consulting firm's report said.
Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers
According to Bharti Airtel, the agreement is based on the principal condition that the amount paid for the equity stake shall be inducted by Vodafone as fresh equity in Vodafone Idea Ltd (VIL) and simultaneously remitted to Indus Towers to clear VIL's outstanding dues.
High crude prices can spike petrol, diesel prices by over Rs 6 per litre: ICRA
According to the ratings agency, the lagged revision in RSPs (retail selling prices) of MS (motor spirit) and HSD (high speed diesel) is warranted by current surge in crude prices at Rs 6-8 per litre. "The impact of the latter on RSPs and the CPI inflation can be absorbed by a roll back in excise duties on these fuels to pre-pandemic levels," ICRA Chief Economist Aditi Nayar said.
'MWC 2022' organisers ban Russian firms from tech show
Russia's participation at the 'MWC 2022' is being restricted by the organisers GSMA following the country's invasion of Ukraine. With airspaces being shut over certain parts of Europe, especially eastern, amid the ongoing Russia-Ukraine war, MWC 2022 is in a tight spot and may barely sail through. The 'MWC 2022' is scheduled to begin -- with a mix of in-person and virtual events -- in Barcelona on February 28 and will end on March 3.
India's 61,400 startups and 83 unicorns will boost realty: Pankaj Bansal
As per Orios Ventures Partners report, the Indian startups have raised $42 billion in 2021, up from $11.5 billion in the previous year. The Indian government has also recognized 14,000 new startups in 2021. As on January 2022, India has 83 unicorns with a total valuation of $277 billion.
IMF Chief says repercussions of Ukraine situation pose 'significant economic risks'
The IMF Chief said she met earlier on Friday with IMF Executive Board to brief Executive Directors on the initial assessment of the unfolding situation, and as the situation in Ukraine evolves, the multilateral lender will continue to discuss with the authorities how it can best assist them, Xinhua news agency reported.
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