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Ashok Leyland Ties Up With Minus Zero For Developing Self-driving Trucks

Chennai, March 19 : Commercial vehicle manufacturer Ashok Leyland on Tuesday announced a strategic partnership with tech startup Minus Zero to develop self-driving trucks. The initial focus of this collaboration...

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Bribery ‘highly Unlikely’ For Adani Group Due To Robust Transparency In Energy Sector In India: Jp Morgan

New Delhi, March 19 : Given the high level of transparency involved in various renewable energy tenders floated in India, the scope for corruption and bribery looks “highly unlikely” for...

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Bhel Wins Order For Setting Up 1600 Mw Plant For Ntpc

New Delhi, March 19 : Public sector engineering giant Bharat Heavy Electricals Ltd (BHEL) on Tuesday announced that it has won an order for setting up 1,600 MW Singrauli Supercritical...

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Hcltech, Global Chip Ip Provider Cast To Offer Customised Semiconductors

New Delhi, March 19 : HCLTech and global semiconductor Intellectual Property (IP) provider CAST on Tuesday announced plans to offer customised chips to enable Original Equipment Manufacturers (OEMs) across industries...

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Fmcg Stocks Among Top Losers

New Delhi, March 19 : Fast Moving Consumer Goods (FMCG) stocks are trading weak on Tuesday with the sectoral index down 1.9 per cent. FMCG index is among the top...

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Bank Of Japan Ends Decades-long Negative Interest Policy

New Delhi, March 19 : The Bank of Japan (BoJ) decided to end its negative short-term policy rate, which started in January 2016, and its yield curve control scheme, introduced...

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Witnessed 100 Pc Surge In Online Business For Academic Year 2024-25: Physics Wallah

New Delhi, March 19 : Edtech platform, Physics Wallah (PW) on Tuesday said it has seen over 100 per cent growth in its online business for the forthcoming academic year...

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Need To Make Hydrogen Cleaner And More Economical: Govt Scientific Advisor

New Delhi, March 19 : The five-day Steering Committee Meeting of the 23-nation International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) is being convened in the national...

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Sensex Down By More Than 500 Points

New Delhi, March 19 : Sensex fell more than 500 points on Tuesday as the markets await commentary from the US Federal Reserve. BSE Sensex is trading at 72,161.54 points,...

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Adani Vizhinjam Port Wins \'international Safety Award\' From British Safety Council

Thiruvananthapuram, March 19 : In recognition of its commitment to keeping workers and workplaces healthy and safe, Adani Vizhinjam Port Private Limited (AVPPL) has won the ‘International Safety Award’ for...

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Sk Hynix Begins Mass Production Of Latest High-end Chips

Seoul, March 19 : South Korean chipmaker SK hynix said on Tuesday that it has started mass production of the latest high band width memory (HBM) chips, solidifying its leadership...

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India\'s Outward Fdi Rises To $3.05 Billion In Feb

Mumbai, March 18 : India’s outward foreign direct investment (FDI) commitments rose by 7.8 per cent to $3.05 billion year-on-year in February 2024, compared to $2.83 billion in February 2023,...

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Cash Volumes On Nse Fall Sharply As Financial Year-end Nears

Mumbai, March 18 : The cash market volumes on the NSE fell sharply to Rs 0.79 lakh crore on Monday — the lowest since January 1, 2024 — ahead of...

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Cisco Completes $28 Billion Acquisition Of Cybersecurity Leader Splunk

San Francisco, March 18 : Networking major Cisco on Monday announced it has completed the acquisition of Splunk, the leader in cybersecurity and observability, for about $28 billion in the...

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Nifty Recovers In Second Half To Close With Gains

Mumbai, March 18 : The Nifty recovered in the second half of the session to close with gains of 32.35 points, or 0.15 per cent, at 22,055.70 levels on Monday....

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French Carmaker Citroen Joins India\'s Blusmart Mobility To Deploy 4,000 Ev Suvs

Bengaluru, March 18 : French carmaker Citroen on Monday joined hands with Indian EV company BluSmart Mobility to expand the homegrown firm’s all-electric fleet in the country. The French company...

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Narayana Murthy Gifts Infosys Stock Worth Over Rs 240 Crore To 4-month-old Grandson

New Delhi, March 18 : India has probably seen its youngest millionaire in Ekagrah Rohan Murty – the four-month-old grandson of Infosys founder N.R.Narayana Murthy. According to a regulatory filing,...

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India Can Create More Jobs In Esports, Game Development: Cii

Pune, March 18 : Even as India’s gaming sector is poised for significant growth, more jobs can be created in the country in the esports and game development industry, according...

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Govt Plans To Roll Out E-buses In All Cities, Some Long Routes: Gadkari

New Delhi, March 18 : Minister of Road Transport and Highways Nitin Gadkari on Monday said that the government has plans to introduce electric buses in all Indian cities as...

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Drppl Launches Survey Of Dharavi To Collect Data From Informal Tenement Residents

Mumbai, March 17 : Dharavi Redevelopment Project Pvt Ltd (DRPPL), a joint venture between the Maharashtra government and the Adani Group, on Monday launched a survey at the Kamala Raman...

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Centre To Soon Have Dedicated Policy To Nurture Deeptech Startup Ecosystem

New Delhi, March 18 : The Centre will soon have a new policy to nurture and empower the deeptech startup ecosystem in the country, Rajesh Kumar Singh, Secretary, Ministry of...

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B2b Retail Platform Jumbotail Raises Rs 151 Crore To Tap Mass Market Consumers

Bengaluru, March 18 : B2B marketplace and new retail platform Jumbotail on Monday said it has raised Rs 151 crore equity capital led by Artal Asia. Heron Rock, Sabre Investment,...

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Indian It Services Industry To See Modest 3-5 Pc Revenue Growth In Fy25: Icra

New Delhi, March 18 : The revenue growth of the Indian IT services industry is expected to improve mildly from 2 per cent in the nine months of the current...

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Qualcomm Unveils Snapdragon 8s Gen 3 Chip For Flagship Android Phones

New Delhi, March 18 : Chip-maker Qualcomm on Monday announced Snapdragon 8s Gen 3 Mobile Platform for Android flagship smartphones. The Snapdragon 8s Gen 3 will be adopted by major...

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Procter & Gamble India Appoints Kumar Venkatasubramanian As Ceo

Mumbai, March 18 : Procter & Gamble India on Monday announced that Kumar Venkatasubramanian will take over as CEO for its operations in the country from May 1. He will...

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Betterplace, Up Govt To Make Over 1 Lakh Frontline Workers Job-ready By 2025

Bengaluru, March 18 : BetterPlace, Asia’s largest SaaS and horizontal platform for frontline workforce management, on Monday signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government’s Department of...

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Up Mining Dept Set To Record Increase In Revenue

Lucknow, March 18 : The Uttar Pradesh mining department is set to generate significantly higher revenue during the 2023-24 financial year than the previous fiscal. The increase in the overall...

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Democratising Technology: Realme’s Dedication Towards Pioneering Consumer Experience With Innovation

New Delhi, March 18 : In today’s rapidly evolving digital landscape, the democratisation of technology has emerged as a transformative movement.This concept is not just about creating groundbreaking innovations; it’s...

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With 10 Big Solar Projects, Bundelkhand On Way To Become New \'power House\' Of Up

Lucknow, March 17 : The Bundelkhand region, once seen as one of the most arid and backward areas, is taking rapid strides in development.With the ground-breaking ceremony of projects worth...

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Midcap And Small Cap Funds Accounted For 87 Pc Of Flows In Fy24

New Delhi, March 17 : Mid and small cap funds accounted for 59 per cent of assets under management (AUM) and 87 per cent of flows in FY24, global brokerage...

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Market Volatility May Lead To More Correction In Coming Week

New Delhi, March 17 : The week gone by was extremely volatile and choppy.We began with a correction.Then a corrective up move, followed by a sharp correction, yet another corrective...

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Hyundai Motor, Kia\'s Sells 5mn Eco-friendly Cars Globally: Report

Seoul, March 17 : South Korea’s biggest carmakers Hyundai Motor and Kia have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15...

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S.korean Conglomerate Workers Earn More Than Japanese: Report

Seoul, March 17 : The average wage of South Korean workers at conglomerates surpassed that of Japanese workers for the first time in 2022, according to a report on Sunday....

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Mid And Small Caps Correction Led By Selling From Leverage-based Retail Investors

New Delhi, March 17 : After touching a new high, the domestic market witnessed a correction due to concerns over the broader market valuation and increase in volatility, says Vinod...

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1,000 Startups, 5,000 Budding Entrepreneurs At 3-day \'startup Mahakumbh\'

New Delhi, March 17 : Over 1,000 startups, more than 1,000 investors, 5,000 future entrepreneurs and 40,000 business visitors are set to participate in ‘Startup Mahakumbh’ being organised at Bharat...

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Can Linkedin Be A Gaming Platform? Company Thinks So

New Delhi, March 17 : As mainstream internet and streaming platforms like Netflix embrace gaming, Microsoft-owned professional networking LinkedIn is also reportedly planning to foray into the booming market. LinkedIn,...

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Digitisation Key Reason For Getting More Bus Bookings From Non-metros: Redbus Ceo

New Delhi, March 16 : As the bus market is picking up and evolving in India, online bus ticketing platform redBus CEO Prakash Sangam on Saturday said that digitisation has...

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30 Indian Startups Secure $287 Million Funding This Week

New Delhi, March 16 : The Indian startups continued to raise funds at a normal pace, and this week, 30 startups secured around $287 million in the country. This included...

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Centre Sanctions Rs 127 Crore For Setting Up 12 Educational Institutes In K’taka

New Delhi, March 16 : The Ministry of Minority Affairs announced on Saturday that it has taken a significant stride for the development of educational infrastructure in Karnataka by allocating...

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Google Adds Input Numbers To Slider Controls On Docs, Slides

New Delhi, March 16 : Google has said that it has added a number input next to all slider controls used for image and shape adjustments on Docs, Slides and...

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30 Indian Startups Secure $287 Million In Funding This Week

New Delhi, March 16 : The Indian startups continued to raise funds at a normal pace, and this week, 30 startups secured around $287 million in the country. This included...

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Arjun Munda Rolls Out Projects To Showcase Rich Tribal Heritage

New Delhi, March 16 : Union Minister of Tribal Affairs Arjun Munda on Saturday virtually laid the foundation stone for setting up the ‘Centre for Preservation and Promotion of Tribal...

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Foreign Portfolio Investors Turn Big Buyers In March

New Delhi, March 16 : The trend of rising foreign portfolio investment in India witnessed in the first week of March continued in the second week, says V K Vijayakumar,...

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Adani Energy Solutions Wins Cii\'s \'climate Action Cap 2.0 Award 2023\'

Ahmedabad, March 16 : Adani Energy Solutions Limited (AESL) has won the coveted ‘Climate Action CAP 2.0 Award for 2023’ from top industry body the Confederation of Indian Industry (CII)...

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Delhi Hc Cancels \'dolma\' Trademark Following Dolma Aunty Momos\' Plea

New Delhi, March 15 : The Delhi High Court has cancelled the “Dolma” trademark adopted by an individual after Dolma Aunty Momos filed a plea against its use. The rectification...

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Cci Orders Probe Into Google Play Store, Company Responds (lead)

New Delhi, March 15 : The Competition Commission of India (CCI) on Friday ordered a probe into the Google Play Store, accusing the tech giant of exploiting its dominant position...

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Play Not Just To Win But For Passion: Kapil Dev Tells Mamaearth\'s Gazal Alagh

New Delhi, March 15 : One must play for passion, and not just to win, legendary cricketer Kapil Dev told Mamaearth co-founder Gazal Alagh. Gazal said she received “invaluable” advice...

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Cci Orders Probe Into Google\'s App Store Billing Practices

New Delhi, March 15 : The Competition Commission of India on Friday ordered an investigation into Alphabet’s Google, accusing the tech giant of exploiting its dominant position in the country’s...

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India’s Forex Reserves Scale Two-year High Of $636.1 Billion

Mumbai, March 15 : India’s foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest...

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India\'s Exports Surge To 11-month High In Feb Despite Red Sea Crisis

New Delhi, March 15 : India’s merchandise exports surged to an 11-month high in February to touch the $41.4 billion mark despite the disruption in ship movement due to the...

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Oil & Gas Stocks Index Down 2 Pc After Petrol And Diesel Price Cut

New Delhi, March 15 : The oil and gas stocks index witnessed major selling on Friday, and was down 2 per cent after the OMCs slashed petrol and diesel prices...

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Theft Of Active Telecom Equipment At All-time High: Coai To Dot

New Delhi, March 15 : There has been a substantial rise in theft of active telecommunications equipment in the country, which is being sold on various websites like eBay and...

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\'indian Manufacturing Sector Embracing Smart Solutions Led By Advanced Tech\'

Gandhinagar, March 15 : The Indian manufacturing sector is embracing smart solutions, with a shift towards automation and cyber-physical systems powered by advanced technologies, experts said on Friday. Nasscom Centre...

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New Govt Scheme Key To Incentivise Adoption Of Electric Mobility: Ev Players

New Delhi, March 15 : Electric vehicle (EV) players on Friday welcomed the launch of the ‘Electric Mobility Promotion Scheme 2024’ by the Union Ministry of Heavy Industries, saying that...

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How To Close Paytm Payments Bank Fastag?

New Delhi, March 15 : As per the guidelines issued by the Reserve Bank of India (RBI) regarding restrictions on Paytm Payments Bank, users of Paytm FASTag will not be...

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Nifty Snaps Four-week Gaining Streak

Mumbai, March 15 : The Nifty snapped a four-week gaining streak on Friday, as it fell 2.1 per cent for the week and formed a bearish engulfing pattern on the...

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Pfbr Proves India\'s Capabilities In Advanced Nuclear Sciences, Engineering

New Delhi, March 15 : It is heartening that Prime Minister Narendra Modi recently visited Kalpakkam to witness the start of fuel loading in the Prototype Fast Breeder Reactor (PFBR).Commencement...

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Small And Midcap Space Drags Down Market Sentiments

Mumbai, March 15 : Cautiousness towards mid and smallcaps continued to drag the market sentiments down, Vinod Nair, Head of Research at Geojit Financial Services, said on Friday. However, the...

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New Pact Between Nasscom, Nsw To Allow Faster Access To Each Other’s Markets

New Delhi, March 15 : A Memorandum of Understanding (MoU) between the IT industry’s apex body Nasscom and Business NSW (an Australian not-for-profit membership organisation) was signed in Sydney, leveraging...

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Gadkari Approves Rs 189 Crore Outlay For Mahakaleshwar Temple Ropeway

New Delhi, March 15 : Union Minister for Road Transport and Highways Nitin Gadkari on Friday announced that an outlay of Rs 188.95 crore has been approved for the development,...

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Govt Clears New E-vehicle Policy To Woo World’s Top Manufacturers

New Delhi, March 15 : The Central government has approved a scheme to promote India as a manufacturing destination so that e-vehicles (EV) with the latest technology can be manufactured...

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Paytm Payments Bank Deadline: What Is In Store For Millions Of Users, Merchants After March 15 (lead)

New Delhi, March 15 : As the Reserve Bank of India’s (RBI) deadline to put certain business restrictions on Paytm Payments Bank Limited (PPBL) ends on Friday, here are some...

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Indian Railways Rakes In Record Revenue Of Rs 2.4 Lakh Crore In 2023-24

New Delhi, March 15 : India Railways has crossed the 1500 million tonnes freight loading mark and earned a record total revenue of Rs 2.4 lakh crore so far during...

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Abu Dhabi-backed Investment Firm In Talks To Back Openai’s Chip Venture

San Francisco, March 15 : Abu Dhabi’s state-backed AI investment company MGX is in early-stage discussions to invest in OpenAI’s ambitious chip venture, a media report said on Friday. According...

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Domestic Airlines Received 791 Passenger Complaints In Feb: Dgca Report

New Delhi, March 15 : The number of domestic air passengers for the period from January to February this year soared to 257.78 lakh, against 246.11 lakh in the same...

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Fmcg Growth To Remain In Slow Lane This Year

New Delhi, March 15 : A report by Emkay Global Financial Services on Friday said that the corporate commentary on the Fast-Moving Consumer Goods (FMCG) sector has highlighted the muted...

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Centre Approves Rs 699 Crore Project To Double-lane Gujarat Border Highway

New Delhi, March 15 : Union Minister for Road Transport and Highways Nitin Gadkari on Friday announced the approval of a Rs 699.19 crore project for upgrading the Khokhra Gujarat...

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Delete Tweets Against Bharatpe, Its Chairman: Delhi Hc Tells Ashneer Grover

New Delhi, March 15 : The Delhi High Court on Friday directed Ashneer Grover, Co-founder and former managing director of fintech firm BharatPe, to take down his tweets against the...

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Centre Sanctions Rs 576 Crore For 4-laning Highway In Karnataka

New Delhi, March 15 : Union Minister for Road Transport and Highways Nitin Gadkari on Friday said that an allocation of Rs 576.22 crore has been sanctioned for 4-laning of...

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Gadkari Approves Rs 421 Crore Gauripur Bypass Project In Assam

New Delhi, March 15 : Union Minister for Road Transport and Highways Nitin Gadkari on Friday announced an allocation of Rs 421.15 crore has been approved for the construction of...

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Upgrad Boosts Domestic Expansion With Senior Appointments

New Delhi, March 15 : Ronnie Screwvala-led upGrad on Friday announced the appointment of Shailesh Mahale (former Zepto) as Corporate HR Head and Kumar Anshu (former OLX Group) as Head...

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Sensex Slips More Than 500 Points

New Delhi, March 15 : BSE Sensex is trading at 72,576.14 points, down by 521.14 points on Friday. HPCL was down by 7 per cent, NTPC more than 3 per...

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Us Court Orders Byju\'s To Freeze $533 Million Owed To Lenders

New York, March 15 : The steering committee representing term-loan lenders of Byju’s $1.2 billion loan on Friday said that a US judge has ordered to prohibit further movement or...

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Paytm Payments Bank Ban: Key Changes Come Into Effect Post March 15

New Delhi, March 15 : As the Reserve Bank of India’s (RBI) deadline to ban Paytm Payments Bank Limited (PPBL) ends on Friday, here are key changes for millions of...

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L&t Technology Services Bags Rs 800 Crore Cybersecurity Programme In Maharashtra

New Delhi, March 15 : L&T Technology Services Limited (LTTS) on Friday announced that it has won a first-of-its-kind cybersecurity programme in India worth around $100 million (about Rs 800...

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Korea Zinc, Lg Chem Partner For Business Opportunities In Us Recycling Market

Seoul, March 15 : Korea Zinc, South Korea’s leading nonferrous metal processing firm, said on Friday that it has partnered with chemical company LG Chem Ltd for business opportunities in...

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Petrol, Diesel Prices Cut By Rs 2 Across India, Petroleum Minister Says Step Shows Pm\'s Commitment To People (lead)

New Delhi, March 14 : Petrol and diesel across India will be cheaper by around Rs 2 per litre from early on Friday as the oil marketing companies have revised...

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Piyush Goyal Highlights India’s Potential As Global Supply Chain Hub At 14-nation Indo-pacific Meet

New Delhi, March 14 : Commerce & Industry Piyush Goyal on Thursday highlighted India’s potential for providing global supply chain diversification opportunities, at the 14-nation Indo-Pacific Economic Framework for Prosperity...

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Govt Puts Seven Critical Minerals Blocks Up For E-auction

New Delhi, March 14 : The Ministry of Mines launched the third tranche of E-auction for seven blocks of critical and strategic minerals on Thursday. These seven blocks pertain to...

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Petrol, Diesel Prices Cut By Rs 2 Across India

New Delhi, March 14 : Petrol and diesel across India will be cheaper by around Rs 2 per litre from early on Friday as the oil marketing companies have revised...

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Govt Ropes In Logistics Giant Dhl To Push Msme Exports

New Delhi, March 14 : The Commerce and Industry Ministry’s Directorate General of Foreign Trade (DGFT) on Thursday signed an MoU with global logistics service provider DHL to conduct capacity-building...

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\'apac\'s Market Value Expected To Reach Over $6 Trillion By 2030\'

New Delhi, March 14 : Fuelled by e-commerce and its role in driving economic development and expanding trade, the APAC (Asia-Pacific) region’s market value is expected to rise from $2.9...

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Delhi Hc Upholds Order Directing Bloomberg To Remove Defamatory Article Against Zee

New Delhi, March 14 : The Delhi High Court on Thursday upheld a trial court’s order directing Bloomberg Television Production Services India Pvt Ltd (Bloomberg) to take down a defamatory...

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Brand Welcomhotel Forays Into Northeast With Welcomhotel Gangtok

New Delhi, March 14 : ITC Hotels has announced its foray into the Northeast with the signing of Welcomhotel Gangtok. The 60-key property showcases breathtaking views of Mount Kangchenjunga, the...

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Nifty Ends Higher Amid Buying Across Sectors

Mumbai, March 14 : The Nifty ended higher on Thursday, recovering from the worst selloff in the previous session amid buying across sectors. At close on Thursday, Nifty was up...

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Govt Inks Pact For $23 Mn Adb Loan To Strengthen Fintech Ecosystem In India

New Delhi, March 14 : The Government of India and the Asian Development Bank (ADB) on Thursday signed a $23 million loan agreement to enhance access to quality fintech education,...

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Mca Probe Reportedly Finds \'financial Irregularities\' At Byju\'s; Firm Denies

New Delhi, March 14 : After the Ministry Of Corporate Affairs (MCA) investigative team submitted a report on Byju’s that has details about alleged financial irregularities at the firm, the...

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Adani Green Energy Operationalises 300 Mw Wind Power Project In Gujarat

New Delhi, March 14 : Adani Green Energy Limited (AGEL) on Thursday said that it has operationalised 126 MW wind power capacity in Gujarat, marking the completion of the 300...

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Leverage.biz Founder Meets Eam Jaishankar, Discusses Innovation, Education

New Delhi, March 14 : Founder and CEO of Leverage.biz, Akshay Chaturvedi, met External Affairs Minister (EAM), Dr S Jaishankar, and discussed innovation, education and the trajectory of India’s growth....

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C V Raghu To Mentor Ortis Law

New Delhi, March 14 : C V Raghu, President and Founding member of the General Counsel’s Association of India (GCAI), and former Group General Counsel of Samvardhana Motherson Group, will...

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9 In 10 Indian Recruiters Plan New Or Replacement Hiring In Next 6 Months: Report

New Delhi, March 14 : Around nine in 10 recruiters in India are expecting either new or replacement hiring to happen over the next six months, as the white-collar job...

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95 Pc Indian Cios Believe Ai Key For Business In 2024: Report

Bengaluru, March 14 : About 95 per cent of Indian CIOs believe that the adoption of Artificial Intelligence (AI) is key for business in 2024, according to a report on...

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Tata Technologies Appoints Sukanya Sadasivan As Chief Operating Officer

Pune, March 14 : Global engineering and digital services company Tata Technologies on Thursday announced the appointment of Sukanya Sadasivan as its new Chief Operating Officer (COO), who will focus...

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It Spending In India To Reach $44 Bn This Year: Idc Report

New Delhi, March 14 : IT spending in India for 2024 is expected to grow 11 per cent year-on-year (YoY), reaching $44 billion, an International Data Corporation (IDC) report said...

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Room For Broader Market To Correct More As Valuations Continue To Be Elevated: Analyst

New Delhi, March 14 : The Nifty Smallcap index is down 13.5 per cent and the midcap index is down 6.8 per cent from their respective peaks, but the Nifty...

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Ntpc Crosses Record 400 Billion Units Electricity Generation Mark In 2023-24

New Delhi, March 14 : The giant NTPC Group crossed the record 400 billion units (BU) of electricity generation in the current financial year, on March 13, 2024, the Ministry...

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New Demat Accounts Surged To 4.3 Million In February

New Delhi, March 14 : The total number of demat accounts increased to 148 million in February 2024, as per Motilal Oswal Financial Services. New account additions surged to 4.3...

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Reliance Industries To Acquire Paramount Global’s 13 Pc Stake In Viacom 18 Media For Rs 4286 Cr

New Delhi, March 14 : Reliance Industries has signed an agreement to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited (Viacom18) held by Paramount Global through...

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India Second-largest Region For Vc Investments In Asia-pacific: Report

New Delhi, March 14 : India retained its position as the second-largest destination for venture capital and growth funding within the Asia-Pacific region last year, a report showed on Thursday....

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India\'s Wpi Inflation Eases To 0.2 Pc In February

New Delhi, March 14 : India’s inflation rate based on the Wholesale Price Index (WPI) eased to 0.2 per cent in February, from 0.27 per cent in January, data released...

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Indian Businesses Building More Resilient Supply Chains Globally: Report

New Delhi, March 14 : Indian businesses are deploying innovation and technology in supply chains to capitalise on opportunities arising out of the shifting geopolitical and trade landscape, a new...

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Qualcomm Opens New Chip Design Centre, 6g Research Programme In India

Chennai, March 14 : Chip-maker Qualcomm on Thursday announced the inauguration of its new chip design centre in Chennai. The centre, made with an investment of Rs.177.27 crore, will specialise...

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Dell Launches New Alienware Gaming Laptop In India

New Delhi, March 14 : Dell Technologies on Thursday launched the new gaming laptop — Alienware m18 R2, in India, powered by the latest 14th Gen Intel Core i9-14900HX processors...

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Hyundai, Kia To Recall 1.7 Lakh Evs Over Charging Software Issue

Seoul, March 14 : Hyundai Motor and Kia will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said on Thursday....

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Chinese Giant Alibaba Plans To Invest $1.1 Billion In S. Korea

Seoul, March 14 : China’s Alibaba Group plans to invest $1.1 billion in South Korea over the next three years, as it seeks to build a logistics centre and expand...

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Rajasthan Creates New Record In Auctioning Major Mineral Blocks

Jaipur, March 14 : Rajasthan has set a new record in the auction of major mineral blocks under the current BJP government, confirmed officials. The Mines and Geology Department of...

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Duotouch Glass In Narzo 70 Pro 5g Is Perfect Blend Of Style & Performance

New Delhi, March 14 : The transformation of smartphone design, from its rudimentary start to the current sophisticated aesthetics, is truly impressive.As technology has progressed, so has the visual charm...

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Niti Aayog Extends \'vocal For Local\' Drive To 500 Products In Aspirational Blocks

New Delhi, March 13 : The NITI Aayog on Wednesday launched the ‘Vocal for Local’ initiative under its Aspirational Blocks Programme to encourage a spirit of self-reliance among the people...

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Tata Motors Group To Invest Rs 9,000 Crore In Tn

Chennai, March 13 : The Tata Motors Group, which rolls out commercial and passenger vehicles, will set up a vehicle manufacturing plant in Tamil Nadu at an outlay of about...

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Gautam Adani Shares Five Key Success Mantras For Young Entrepreneurs

Mumbai, March 13 : As more and more young Indians aim to become entrepreneurs, Adani Group Founder and Chairman, Gautam Adani, has laid out five mantras for them to succeed...

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\'murugappa Group\'s Cg Semi To Start Production In 2.5 To 3 Years\'

Chennai, March 13 : Industrial conglomerate Murugappa Group’s semiconductor company CG Semi Pvt Ltd will start manufacturing in 2.5 to 3 years at its factory in Gujarat, a top official...

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India\'s Growth Acceleration Unstoppable, Journey Towards 2050 To Be Even Transformative: Gautam Adani

Mumbai, March 13 : The India growth story is unstoppable, and within the next decade, the country will begin adding a trillion dollars to its GDP every 18 months, setting...

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Rbi Slaps Fines On Bank Of India & Bandhan Bank For Breach Of Rules

Mumbai, March 13 : The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday....

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67 Pc Of Online Bus Ticket Bookings In India Come From Tier 2 & 3 Cities: Report

New Delhi, March 13 : About 67 per cent of online bus ticket bookings in India come from tier 2 and tier 3 cities, while 33 per cent of bookings...

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Adaniconnex’s Hyderabad Data Centre 1st In India To Get 5-star Grading From British Safety Council

Ahmedabad, March 13 : In a first for the country, the Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group and leading data centre operator EdgeConneX...

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Investors Rushing To Book Profits Triggers Nifty Selloff

Mumbai, March 13 : The Nifty on Wednesday witnessed a massive sell-off as investors and traders rushed to take whatever profits were left on the table to offset the losses...

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Cureskin Raises $20 Mn From Healthquad, Other Investors

New Delhi, March 13 : Cureskin, an AI-driven dermatology platform that provides clinically validated skin & hair health solutions, on Wednesday said that it raised $20 million in Series B...

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Small, Midcap Indices Slip Below Crucial Levels Under Severe Selling Pressure

Mumbai, March 13 : The small and midcap indices have slipped below crucial levels, sparking bearishness in the markets. Rupak De, Senior Technical Analyst at LKP Securities, said recently that...

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Cabinet Approves Two More Metro Lines For Delhi At Cost Of Rs 8,399 Crore

New Delhi, March 13 : Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the development of two more Delhi Metro corridors — Lajpat Nagar to Saket G...

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Sensex Down Nearly 1,000 Points After Massive Selloff In Markets

Mumbai, March 13 : Sensex is now down almost 1,000 points in a broad based massive selloff in the markets. BSE Sensex is trading at 72,691.46 points, down by 976.5...

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Fintech Firm Perfios Becomes India\'s Second Unicorn Of This Year

New Delhi, March 13 : B2B SaaS fintech company Perfios has become India’s second unicorn of 2024 as it raised $80 million in a new funding round from Teachers’ Venture...

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Nhai Advises Paytm Users To Get New Fastag From Other Banks Before March 15

New Delhi, March 13 : National Highways Authority of India (NHAI) on Wednesday advised Paytm FASTag users to procure a new FASTag issued by another bank before March 15, 2024....

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New Chip Manufacturing Hubs To Have A Lasting Impact On Entire Nation: Tata Sons Chairman

Ahmedabad, March 13 : The new semiconductor manufacturing plants will have a lasting impact on the entire nation and the ecosystem from across the globe will mobilise to have India...

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Analysts Do Not See Any Monetary Policy Action Based On Inflation Or Growth This Year

New Delhi, March 13 : Inflation came in line with market expectations, however, industrial output came in slightly lower than expected, as per Motilal Oswal Financial Services. At the same...

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Capex Has Emerged As A Key Growth Driver In India: Morgan Stanley

New Delhi, March 13 : A decade after steadily decline in investment to GDP, capex has emerged as a key growth driver in India, global brokerage, Morgan Stanley said. “We...

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Zepto Becomes First Quick-commerce Firm To Levy Platform Fee Of Rs 2

New Delhi, March 13 : Zepto has become the first quick-commerce company to introduce a platform fee of Rs 2 per order. The platform fee will apply to a select...

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Market Breadth Turns Very Negative As 88 Pc Of Stocks Decline

New Delhi, March 13 : Deep cuts in PSU, power, infrastructure, metals, realty stocks have led to a sharp fall in the markets. BSE Sensex plunged to 72,888.21 points, a...

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Battery-tech Startup Lohum Secures $54 Million To Expand Footprint

New Delhi, March 13 : Lithium-ion battery pack maker Lohum on Wednesday said it has raised $54 million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private...

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Reliance Ethane Holding Invests In Three Wholly Owned Subsidiaries

New Delhi, March 13 : Reliance Ethane Holding Pte Ltd (REHPL), a wholly owned subsidiary of Reliance Industries, has invested in 34,300,000 ordinary shares of face value of USD 1...

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Sugar.fit Raises Additional Funds To Transform Diabetes Management

New Delhi, March 13 : Healthtech startup Sugar.fit on Wednesday said that it secured an additional $5 million in Series A funding, bringing the total funding to $16 million. Global...

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Asus Launches New Laptops With Thin, Light Profiles In India

New Delhi, March 13 : Taiwanese tech giant Asus on Wednesday launched its next-generation (2024 version) Zenbook S 13 OLED and Vivobook 15 laptops, with thin and light profiles in...

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Nazara Tech Pledges $100 Mn To Propel Global Expansion Via Strategic M&a

New Delhi, March 13 : Online gaming major Nazara Technologies on Wednesday said that it has pledged $100 million (around Rs 830 crore) to propel global expansion through strategic mergers...

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Tac Security Appoints Altaf Halde As Chief Business Officer

New Delhi, March 13 : Cybersecurity firm TAC Security on Wednesday said it appointed Altaf Halde as the Chief Business Officer (CBO) of the company. Halde’s appointment comes at a...

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Small Cap Index Down 10 Pc From The Peak After Sebi Red Flags

New Delhi, March 13 : Small and mid cap stocks are coming under intense selling pressure with the regulator raising red flags. The small cap index is down more than...

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A New Era In Photography: How Low-light Tech Is Redefining Smartphone Cameras

New Delhi, March 13 : The landscape of smartphone technology is ever-evolving, with continuous innovations reshaping every facet of these omnipresent devices.Amid this evolution, numerous smartphones tout their camera capabilities...

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Pm Modi To Launch New Credit Scheme To Help Poor Start Biz Ventures

New Delhi, March 13 : Prime Minister Narendra Modi on Wednesday will launch the Pradhan Mantri Samajik Utthan evam Rozgar Adharit Jankalyan (PM-SURAJ) national portal and sanction credit support to...

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Mumbai\'s Csmia Adjudged Best With Over 40 Mn Passengers In Asia Pacific Region For 7th Time

Mumbai, March 13 : For the seventh consecutive year, the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai has been ranked as the ‘Best Airport with over 40 million passengers’...

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Look Forward To Expanding Our Collaboration With Adani Group: Qualcomm Ceo

New Delhi, March 12 : The President and CEO of chip-maker Qualcomm, Cristiano Amon, said on Tuesday that he looks forward to expanding the company’s collaboration with the Adani Group....

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Civil Aviation Minister Flags Off Fly91\'s Maiden Flight From Goa To Agatti (lead)

New Delhi/Panaji, March 12 : Civil Aviation Minister Jyotiraditya M.Scindia on Tuesday flagged off regional airline Fly91’s maiden flight from Goa’s Manohar International Airport (MOPA) to Lakshwadeep’s Agatti Islands. In...

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Natural Rubber Prices Hover Above Int\'l Rates For Over 10 Years, Production Rises By 2 Pc

Agartala, March 12 : Indian rubber prices have consistently hovered above international market prices for more than the last 10 years while natural rubber production increased by around 2 per...

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Workflow Automation Platform Nanonets Raises $29 Mn From Accel

San Francisco, March 12 : AI-based workflow automation platform Nanonets on Tuesday said that it raised $29 million in a Series B funding round led by venture capital firm Accel....

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India\'s Retail Inflation Eases To 4-month Low Of 5.09 Per Cent In January (lead)

New Delhi, March 11 : India’’s retail inflation slowed to a four-month low of 5.09 per cent in February bringing some relief to household budgets, official figures released on Tuesday...

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Industry Hails Abolition Of Wireless Operating License For Ease Of Doing Biz

New Delhi, March 12 : The industry on Tuesday welcomed the government’s progressive approach towards technological advancement of the nation, including the abolition of the wireless operating license (WOL). Union...

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Industrial Production Clocks 3.8 Pc Growth In January

New Delhi, March 11 : India’s industrial production clocked a 3.8 per cent growth in January, according to data released by the Ministry of Statistics on Tuesday. The overall industrial...

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Small & Midcaps Pain Likely To Continue Amid Red Flags From Sebi, Valuation Concerns

New Delhi, March 12 : Pain is likely to continue in the broader market amid stretched valuation and red flags from SEBI, Siddhartha Khemka, Head of Retail Research at Motilal...

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India\'s Retail Inflation Eases To 4-month Low Of 5.09 Per Cent In February

New Delhi, March 12 : India’s retail inflation slowed to a four-month low of 5.09 per cent in February bringing some relief to household budgets, official figures released on Tuesday...

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Market Breadth Worst Since October Last Year

Mumbai, March 12 : The market breadth turned negative on Tuesday as the advance-decline ratio fell to 0.16:1, the worst since October 23, 2023, said Deepak Jasani, Head of Retail...

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Ahead Of Revamp, ‘digital Survey\' Of Dharavi To Begin On March 18

Mumbai, March 12 : In a milestone development, the Dharavi Redevelopment Project Pvt.Ltd.(DRPPL) will embark on a ‘digital survey’ of lakhs of informal slum residents of Dharavi on March 18,...

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Vodafone Idea Secures $1 Billion In Equity In \'soft Commitment\' From Investors

New Delhi, March 12 : Facing a cash crunch, Vodafone Idea has secured an equity commitment of $1 billion (around Rs 8,300 crore) from investors. The telecom company received a...

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‘run For Tea’ Held In Agartala To Boost Tea Industry In Tripura

Agartala, March 12 : To promote the tea industry, a colourful rally – ‘Run for Tea-2024’ – was organised on Tuesday in Tripura, the second largest producer of tea in...

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Pm Modi To Lay Foundation Stone Of 3 Chip Plants, Address Youth On Job Creation

New Delhi, March 12 : Giving a push to his vision to position India as a global hub for semiconductor design, manufacturing and technology development, Prime Minister Narendra Modi will...

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Private Equity Investments Continue Upward Trend In India: Report

New Delhi, March 12 : Continuing an upward trend in private equity (PE) investments, India Inc saw 154 deals at $2.5 billion in the month of February despite lower values,...

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10 To 12 Lakh People Visit Jan Aushadhi Kendras Daily: Health Min Mandaviya

New Delhi, March 12 : About 10 to 12 lakh people visit Jan Aushadhi Kendras every day in the country, said Union Minister for Health and Family Welfare, Dr.Mansukh Mandaviya,...

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Health Insurance Plans Are Too Generic To Warrant The Attention Of Indian Women

New Delhi, March 12 : Future Generali India Insurance Company, one of India’s leading private general insurance players, today announced the findings of #PowHer Survey – an exclusive survey powered...

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Nothing Phone (2a) 60k Units Sold Within 60 Min Of Its Launch

New Delhi, March 12 : London-based consumer tech brand, Nothing on Tuesday said it sold 60,000 units of its latest smartphone — Phone (2a), across channels within just 60 minutes...

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Gadkari Approves Rs 494 Crore Outlay For 4-laning Highway To Jim Corbett Park

New Delhi, March 12 : Union Minister for Road Transport & Highways Nitin Gadkari on Tuesday approved an allocation of Rs 494.45 crore for the 4-laning and upgradation of the...

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Ondc, Usof, Prasar Bharati Join Hands To Digitally Empower Rural India

New Delhi, March 12 : In a bid to provide affordable and accessible digital services in rural parts of the country, Universal Service Obligation Fund (USOF) under Department of Telecommunications...

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Fiitjee Reportedly Holds Portion Of Employees\' Salaries For Two Months

New Delhi, March 12 : Leading education institution FIITJEE has reportedly withheld a portion of employees’ salaries for the second consecutive month amid growing competition and stagnant growth of its...

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Indian Economy Continues To Show Resilience To External Risks: Ubs

New Delhi, March 12 : The Indian economy has been in a sweet spot lately, with manageable macro risks, global brokerage, UBS said. “We forecast another year of strong growth...

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Centre Approves Rs 224 Crore Outlay For J&k\'s Shopian Bypass

New Delhi, March 12 : Union Minister for Road Transport & Highways Nitin Gadkari announced on Tuesday that an allocation of Rs 224.44 crore has been sanctioned for the construction...

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Centre Sanctions Rs 6,621 Crore For 265 Km Frontier Highway In Arunachal Pradesh

New Delhi, March 12 : Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 6621.62 crore has been sanctioned for the construction...

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Centre Approves Rs 1,347 Crore Package For Highway Projects In Andhra Pradesh

New Delhi, March 12 : Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 1,346.81 crore has been approved for the 4-laning...

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Refer Your Usa Friends To Zee5 Global & Win Rewards Together!

Mumbai, March 12 : ZEE5 Global, the world’s largest South Asian streaming platform, has introduced a unique India to USA ‘Refer & Earn’ programme, that enables Indian consumers to earn...

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Lg Invests $60 Million In Us Startup Bear Robotics

Seoul, March 12 : LG Electronics said on Tuesday it has made a $60 million strategic investment in Silicon Valley-based startup Bear Robotics in a move to strengthen its business...

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Spicejet\'s Stock Drops Nearly 10 Pc As Cco, Coo Reportedly Asked To Resign

New Delhi, March 12 : The stock value of SpiceJet dropped by close to 10 per cent during Tuesday’s trading session following the announcements of two top-level executives stepping down....

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Strong Demographic Trend A Structural Positive For India: Morgan Stanley

New Delhi, March 12 : India’s demographic trend of a younger workforce positions it positively as most large economies face shrinking working-age populations and tight labour markets, global brokerage, Morgan...

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Women Make A Foray In Lucknow’s Liquor Business

Lucknow, March 12 : In a surprise development, as many as 370 out of 1,046 liquor shops in Lucknow have been allotted to women entrepreneurs in the new fiscal year....

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Iqoo Launches New Smartphone Under Its Z Series In India

New Delhi, March 12 : Global smartphone brand iQOO on Tuesday launched a new smartphone under its Z series portfolio — Z9, in India. The smartphone comes in two colour...

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Small Cap Stocks Down 7.8 Pc From The Peak

New Delhi, March 12 : Small cap stocks continue to sink on regulator warnings about froth building up. BSE Small Cap index is down almost 2 per cent on Tuesday...

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65 Pc Shg Members Turn Into Lakhpati Didis As Incomes Triple: Sbi Report

New Delhi, March 12 : The Women’s Self-Help Group (SHG) schemes are turning out to be a huge success in the rural areas resulting in a tripling of incomes with...

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Siac Tribunal Dismisses Ashneer Grover’s Challenge, Bharatpe Case To Continue

New Delhi, March 12 : The Singapore International Arbitration Centre (SIAC) has dismissed Ashneer Grover’s challenge to its jurisdiction on its power to decide on the claw back of his...

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Thiruvananthapuram Int\'l Airport Run By Adani Group Recognised As Best Airport At Arrivals Globally

Thiruvananthapuram, March 11 ( IANS) The Thiruvananthapuram International Airport run by the Adani Group has been recognised as the best airport at arrivals globally at the Airports Council International’s (ACI)...

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Sebi Warning On Rally In Small, Midcap Stocks Leads To Selloff In Broader Markets

Mumbai, March 11 : The Nifty opened positive on Monday, but soon witnessed profit booking amid weak global cues and SEBI warning over a midcap-smallcap rally, Siddhartha Khemka, Head of...

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Brand Welcomhotel Expands Presence In South India, Signs Up Welcomhotel Madikeri

New Delhi, March 11 : ITC Hotels has signed a management agreement with Narne Hotels and Resorts Private Limited, further expanding the Welcomhotel brand’s presence in South India. Set to...

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150 Namo Drone Didis from UP, Bihar showcase skills to PM at Sashakt Nari

New Delhi, March 11 : About 150 rural women from Uttar Pradesh and Bihar showcased their drone pilot skills to the Prime Minister at the Sashakt Nari – Viksit Bharat...

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More Women Investors Investing In Mutual Funds

New Delhi, March 11 : With improving ease of access to information and technology, more women investors are investing in mutual funds, the Association of Mutual Funds in India (AMFI)...

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Govt Launches New Scheme To Upgrade Small Pharma Units To Global Standards

New Delhi, March 11 : Department of Pharmaceuticals on Monday announced a wider Revamped Pharmaceuticals Technology Upgradation Assistance Scheme in a significant step to help upgrade the technological capabilities of...

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Global Selloff Impacts Domestic Market Sentiments

New Delhi, March 11 : Continued selloff in global markets due to uncertainty over rate cuts impacted the domestic market sentiment, which is currently at an overbought level, Vinod Nair,...

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Life Insurers First-year Premium Moving In Subdued Manner: Care Ratings

Chennai, March 11 : Indian life insurers after a robust growth in FY23, their first-year premium numbers in FY24 have been moving in a subdued manner, said credit rating agency...

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Byju’s Tells Employees To Wfh As It Gives Up Office Spaces Amid Cash Crunch

New Delhi, March 11 : Embattled edtech company Byju’s has apparently mandated all its employees to work from home as it gives up office spaces across the country amid several...

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Asi To Sign Pacts For Adoption Of Heritage Monuments

New Delhi, March 11 : In a significant development aimed at furthering the preservation and promotion of India’s cultural heritage, the Archaeological Survey of India (ASI) has envisioned the ‘Adopt...

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Women Opting For Freelancing Jobs In India Doubled Over The Past Year: Report

New Delhi, March 11 : The number of women opting for freelancing jobs in India doubled over the past year, jumping from 4 per cent in February 2023 to 8...

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Rec Inks Pact To Bankroll Infra Projects Worth Rs 20,000 Crore A Year In Rajasthan

New Delhi, March 11 : REC Limited, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Rajasthan government to finance projects across power and non-power...

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Female Shg Members Have Shown Three-time Rise In Income During Fy19-fy24

New Delhi, March 11 : Female Self-Help Group (SHG) members’ accounts have shown an increase in income by three times during FY19-FY24, as per a study conducted by the Economic...

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Adani Green Energy Operationalises 1,000 Mw Of 30,000 Mw Gujarat Renewable Energy Park

Ahmedabad, March 11 : Adani Green Energy Limited (AGEL) said on Monday that it has operationalised the cumulative capacity of 1,000 MW solar energy of the 30,000 MW renewable energy...

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Scope Vc Invests In Authpay To Foster Fintech Innovation

New Delhi, March 11 : SCOPE VC, the investment banking arm of the invite-only networking platform SCOPE, on Monday, said that it has invested $450,000 in fintech startup AuthPay. This...

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Samsung To Launch Ai-powered Washer-dryer Combo Globally In Q2

Seoul, March 11 : Samsung Electronics on Monday said that it will launch its latest Bespoke Artificial Intelligence (AI) Combo washer-dryer globally within the second quarter (Q2) of this year....

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Gautam Adani, Qualcomm Ceo Discuss India’s Potential Around Chips, Ai, Mobility

New Delhi, March 11 : Adani Group Founder and Chairman Gautam Adani on Monday said he met chip maker Qualcomm’s President and CEO Cristiano Amon, and had a detailed discussion...

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Small-cap Stocks Face Selling Pressure As Broader Markets Underperform

New Delhi, March 11 : Small-cap stocks are under as the index fell more than 1 per cent on Monday amid concerns over valuations. BSE Small Cap Index is down...

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Blacksoil Nbfc Raises Rs 100 Crore To Boost Credit Profile

New Delhi, March 11 : BlackSoil NBFC, the flagship arm of alternative credit platform BlackSoil Group, on Monday raised equity of Rs 100 crore from its existing Indian investors and...

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Airbnb Fined Over Unfair Biz Practices In South Korea

Seoul, March 11 : South Korea’s antitrust regulator on Monday announced to impose a fine and corrective measures on Airbnb Ireland UC, for its failure to properly verify information of...

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S. Korea To Compensate Losses From Derivatives Linked To Chinese Shares

Seoul, March 11 : The financial regulator on Monday unveiled a set of plans that advise banks and brokerages to compensate losses from derivative products tracking Chinese stocks listed on...

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Gadkari Unveils Highway Projects Worth Rs 4,000 Crore In Karnataka

New Delhi, March 10 : Union Minister for Road Transport and Highways Nitin Gadkari inaugurated and laid the foundation stone for 22 National Highway projects, spanning 268 km and valued...

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Byju’s Disburses Some Portion Of Feb Salaries For 20,000 Employees (lead)

New Delhi, March 10 : Embattled edtech company Byju’s has disbursed a portion of the pending salaries for over 20,000 employees for the month of February. The company has also...

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Digital Twin: How India Can Become A Leader In This New Tech

New Delhi, March 10 : Government’s ‘Sangam: Digital Twin’ initiative, which was unveiled last month by the Department of Telecommunications (DoT), is a technology that offers a solution by creating...

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India Signs Economic Pact With 4 European Nations, $100 Bn Fdi Expected To Flow In

New Delhi, March 10 : India and the four-nation EFTA bloc of European nations signed an economic agreement on Sunday India and the European Free Trade Association (EFTA), comprising Switzerland,...

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Byju’s Manages To Pay Some Portion Of Salaries For 20,000 Employees

New Delhi, March 10 : Embattled edtech company Byju’s on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for the month of...

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Volatility Expected In Markets In Upcoming Week

New Delhi, March 10 : Volatility is expected to persist in markets in the upcoming week due to high valuations and forthcoming policy rate guidance releases, says Vinod Nair, Head...

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Mobile Phone Manufacturing In India Scripts An Unmatched Success Story

New Delhi, March 10 : The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector. While 78...

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2014 Levels Of Mobile Import Dependency Would Have Cost India Rs 14.3 Lakh Crore

New Delhi, March 10 : India, which is now the fifth largest export nation for mobile phones as an individual commodity, would have faced a hefty import bill of more...

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