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Indian Smartphone Market Declines For First Time In Q4: IDC

Indian Smartphone Market Declines For First Time In Q4: IDC

NEW DELHI – In a first, the country’s smartphone market fell by 4per cent in the October-December period last year as compared with the previous quarter, research firm IDC said.
Overall, mobile phone shipments in one of the world’s fastest growing handset markets stood at 64.3 million units in Q4 2014, reflecting a quarter-on-quarter drop of [...]

February 28th, 2015 | Posted in Business | Read More »

Porsche Leads Rise Of Canada’s Luxury Auto Sector

Porsche Leads Rise Of Canada’s Luxury Auto Sector

TORONTO — Sales of luxury vehicles hit a record in Canada last year and Porsche Cars Canada Inc. is riding the wave, reported the Globe and Mail newspaper.
Porsche posted the best year-over-year percentage increase of any auto maker in Canada, topping off a four-year run that has doubled sales.
“The Canadian economy has created quite a [...]

February 28th, 2015 | Posted in Business | Read More »

Facebook Claims To Have 2 Million Advertisers

Facebook Claims To Have 2 Million Advertisers

NEW YORK – Facebook said it has boosted the number of advertisers on the social network to two million as it launched a mobile app for those managing their commercial pitches.
Dan Levy, Facebook’s Vice-President for Global Marketing and Small Business, said the number of advertisers has doubled over the past year-and-a-half.
“We think it’s a strong [...]

February 28th, 2015 | Posted in Business | Read More »

6 Indian Women Among Forbes’ 50 ‘Power Businesswomen’

6 Indian Women Among Forbes’ 50 ‘Power Businesswomen’

NEW YORK – Six Indian women CEOs and Managing Directors, including State Bank of India head Arundhati Bhattacharya and ICICI CEO Chanda Kochchar, have been named by Forbes magazine in its 50 ‘Power Businesswomen’ from Asia who are “knocking down” walls in the traditional male bastions.
The Asia’s 50 Power Businesswomen list showcases a year of [...]

February 28th, 2015 | Posted in Business, Top News | Read More »

Will The Apple Watch Be The Biggest Wearable Of 2015?

Will The Apple Watch Be The Biggest Wearable Of 2015?

Apple has reportedly placed an initial order of 5-6 million examples of the Apple Watch in the run up to its April launch. However, according to research and analysis company CCS Insights, the first Apple smartwatch could sell four times that amount.
The Wall Street Journal on Tuesday reported that Apple’s Taiwan suppliers have been instructed [...]

February 21st, 2015 | Posted in Business | Read More »

U.S., India Headed For A Trade War: Foreign Policy

U.S., India Headed For A Trade War: Foreign Policy

WASHINGTON – The growing “chumminess” between India and the U.S. may soon give way to a trade war as simmering disputes between them retake centre stage, Foreign Policy magazine has suggested.
President Barack Obama’s India visit last month and Indian Prime Minister Narendra Modi’s visit to Washington last September “suggested a growing camaraderie between the nations,” [...]

February 14th, 2015 | Posted in Business | Read More »

Leaked Bank Files Show HSBC ‘Helped Criminal Clients Dodge Taxes’

Leaked Bank Files Show HSBC ‘Helped Criminal Clients Dodge Taxes’

LONDON – A cache of secret bank files shows that HSBC’s Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released on Sunday.
The files, analyzed by reporters in the International Consortium of Investigative Journalists (ICIJ), showed that British banking giant HSBC [...]

February 14th, 2015 | Posted in Business | Read More »

Facebook Ropes In Reliance Communications For Free Data Access

Facebook Ropes In Reliance Communications For Free Data Access

MUMBAI – Reliance Communications, a part of the Anil Ambani-led group, said it has been roped in by Facebook to offer free access to data and web sites to customers through the social networking site’s global digital inclusion initiative, Internet.org.
The Internet.org initiative will provide access to popular websites and services with zero data charge to [...]

February 14th, 2015 | Posted in Business | Read More »

Maruti Suzuki Posts 14 Percent Sales Growth

Maruti Suzuki Posts 14 Percent Sales Growth

THIRUVANANTHAPURAM  – Passenger car major Maruti Suzuki India Ltd closed last month with a volume growth of 13.9 percent as compared to sales logged during January 2014.
In a statement, the company said it sold a total of 116,606 units (domestic 105,559 units, exports 11,047 units) last month up from 102,416 units (domestic 96,569 units, exports [...]

February 7th, 2015 | Posted in Business | Read More »

India’s GM Crop Size Now Equals Canada’s

India’s GM Crop Size Now Equals Canada’s

NEW DELHI – Are genetically-modified crops on course to being the future of food despite the opposition? Evidence suggests they may well be, as more emerging economies try them out — Brazil to India.
The facts can astonish. At 11.6 million hectares, the area of GM crops in India is now equivalent to Canada’s and more [...]

February 7th, 2015 | Posted in Business | Read More »