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
India’s forex reserves dropped by $4.11 billion to $640.28 billion during the week ended December 27, the Reserve Bank said on Friday. Ketan Parekh (Right) Photograph: Lisa Marie David/Reuters In the previous reporting week, the overall kitty had dropped by
‘During his stint as prime minister, he got 270 million people out of poverty.’‘This, according to the World Bank, is the fastest compression of poverty anywhere in the world.’ Arvind Mayaram, the former finance secretary, recalls his encounters with Dr
Dr Manmohan Singh first embossed himself on the national consciousness when as India’s finance minister he flagged off economic reforms which changed this nation forever. Glimpses of Dr Singh during his tenure as finance minister, from our archives.
The country’s forex reserves dropped by a further $8.48 billion to $644.39 billion for the week ended December 20, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the reserves had dropped by $1.988 billion to
India’s forex reserves dropped by $1.99 billion to $652.87 billion for the week ended December 13, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the overall reserves had dropped by $3.23 billion to $654.86 billion.
‘Geopolitics will be the most important driver of financial markets in 2025.’ It has been a topsy-turvy few months for the Indian equity markets. “Given that the Nifty 50 has corrected only 7.4 per cent from the peak in late
The Panapakkam facility is projected to generate employment for 25,000 individuals, with 85 per cent of the workforce set to be women. Photograph: Shannon Stapleton/Reuters Taiwanese footwear major Hong Fu Industrial Group — a supplier to Nike, Converse, Vans, UGG,
Nageswaran said the reduction of poverty, and not income inequality, is the litmus test of equitable growth. Taxing capital less may not lead to more investments but taxing more will drive capital away, Chief Economic Advisor V Anantha Nageswaran on
The ratio of market capitalisation to gross domestic product (GDP) in India remains elevated despite the recent correction in the equities markets. It was 147.5 per cent on December 3, 56 per cent higher than the 10-year average of 94
