Representative Image (Photo: Bloomberg) India’s smartphone handset shipments declined just 3 per cent year-on-year (YoY) in the second quarter (Q2) of calendar year 2023 (CY23), according to a report by Counterpoint. The premium segment grew 112 per cent YoY during the quarter. Although Samsung pipped Apple in the premium smartphone segment (>Rs 30,000)… Continue reading India’s smartphone market on the mend, Q2 CY23 shipments slip just 3%
Tag: Indias
India’s first public InvIT for road, highway projects in the works
After the success of the National Highways Authority of India’s (NHAI’s) first infrastructure investment trust (InvIT) with foreign institutional investors, the Centre is working on a proposal to launch a fresh InvIT for national highways, where domestic retail investors can hold units of the trust, a senior executive informed Business Standard. “NHAI is… Continue reading India’s first public InvIT for road, highway projects in the works
After Sequoia split, India’s Peak XV to hold CEOs meet for first time
By M. Sriram MUMBAI (Reuters) – India’s biggest VC firm Peak XV Partners has organised a meeting of its more than 200 investee companies next month, an email shows, a closed-door event some founders see as part of an effort to assuage concerns after its split from Sequoia Capital. Peak XV manages… Continue reading After Sequoia split, India’s Peak XV to hold CEOs meet for first time
India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data
The Centre used 25.3 per cent or Rs 4.5 trillion of its fiscal deficit target at the end of first quarter of financial year 2023-24 (FY24), according to data released by the Controller General of Accounts (CGA) on Monday. The fiscal deficit — the gap between government’s expenditure and revenue — stood at… Continue reading India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data
The rise of India’s new debt collectors
Premium Illustration: Ajay mohanty Rishab Goel, co-founder of digital-debt collections firm Credgenics, says lenders refer to it every month $5 billion spread over 11 million accounts for recovery: Up from $3.5 billion across 6 million in 2022. “They have realised the potential of digital enablement and data-driven insights to enhance the efficacy of collections.”… Continue reading The rise of India’s new debt collectors
Building new airports in India’s smaller towns and cities
Airports Authority of India plans Rs 4,000-cr capital expenditure in FY24 AAI receives double concession fees from eight privatised airports in FY23 Adani airports’ duty-free shops to give more space to non-liquor items Over Rs 19K crore capex lined up for adding airport capacity in FY24 Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports,… Continue reading Building new airports in India’s smaller towns and cities