Smartphone sales may contract this year again, improved quality to blame

Another reason for the dip in sales is that users are holding on to their devices much longer than earlier, Photo: Bloomberg India’s smartphone market going through a tough phase as the sales are set to contract for the second year in a row, Mint has reported. This is the first time that the sales… Continue reading Smartphone sales may contract this year again, improved quality to blame

China lifts tariff on Australian barley in a sign of improved relations

China is lifting a stifling 3-year-old tariff on Australian barley starting Saturday a sign of an improving bilateral trade relationship since Australia’s government changed. China effectively closed its door to Australian barley in May 2020 by imposing an 80.5 per cent tariff after the previous Australian government angered Beijing by calling for an… Continue reading China lifts tariff on Australian barley in a sign of improved relations

India’s improved monsoon performance, capex augur well: FinMin report

India’s improved monsoon performance, continued expansion in manufacturing, and vigorous capital expenditure spending by the public and private sectors augur well for macroeconomic stability and growth during FY24, the finance ministry said in a report. However, it cautioned that cross-border spillovers and adverse global developments can act anytime as a deterrent to achieving… Continue reading India’s improved monsoon performance, capex augur well: FinMin report

Adani Enterprises Q1 profit up 43.6% on the back of improved performance

Adani Enterprises announced a 43.6 per cent surge in its net profit, attributable to the company’s owners, for the first quarter ending June 2023 (Q1FY24). This rise is credited to enhanced performance and increased other income, despite a sequential drop. In Q1FY24, the company recorded a net profit of Rs 674 crore, marking… Continue reading Adani Enterprises Q1 profit up 43.6% on the back of improved performance

Exide Industries rallies 7%, inches to record high on improved Q1 earnings

Shares of Exide Industries hit an over four-year high at Rs 266.50, as they rallied 7 per cent on the BSE in Tuesday’s intra-day trade amid heavy volume on improved operational performance in June quarter (Q1FY24). The stock of storage batteries and allied product companies was quoting at its highest level since January 2019. It… Continue reading Exide Industries rallies 7%, inches to record high on improved Q1 earnings

Improved detection, reporting bring down bank fraud cases: MoS Finance

Improved detection and reporting, along with steps taken to check bank frauds, have resulted in a sharp decline in the occurrence of such incidence, Parliament was informed on Monday. Sharing data, Minister of State for Finance Bhagwat Karad said bank frauds have declined from Rs 77,544 crore in 2013-14 to Rs 1,650 crore… Continue reading Improved detection, reporting bring down bank fraud cases: MoS Finance