The dark side of duty cut on smartphone parts

Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India’s developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. Photograph:

Premium devices demand to push India smartphone mkt to over $50 bn in 2025

Rising demand for premium devices, led by Apple and Samsung, is expected to increase India’s smartphone market size to over $50 billion (about Rs 428,900 crore) this year, market research firm Counterpoint Technology Market Research said on Friday. Photograph: Francis

Sebi board decides to tighten SME IPO norms and more

Sebi has decided to make electronic payments mandatory for demat account holders to ensure quicker transactions. Photograph: Francis Mascarenhas/Reuters The Sebi board on Wednesday approved a series of measures, including stricter regulatory norms for SME IPOs, a comprehensive overhaul of