Tag Archives: market;

GST Impact: Indian Smartphone Market Contracts for First Time, Says Canalys

Market research firm Canalys on Wednesday reported that the Indian smartphone market contracted for the first time in its history this past quarter. The report claims that shipments in the country fell 4 percent year-on-year to just under 27 million units. The report adds that the primary factor for falling shipments was the impending introduction of GST on… Read More »

Optimism on market rebalancing drags oil prices lower

 Renewed optimism about the rebalancing of the crude oil market brought concerns about excitability and dragged the price for oil lower early Thursday. A decision from Saudi Arabia this week to cut its output further, signs of strong demand growth in the United States, the world’s leading economy, and security concerns in OPEC-member Nigeria helped push the price… Read More »

Moto C Plus India Launch: Lenovo Wants a Greater Share of India’s Affordable Smartphone Market

Lenovo’s Moto brand is accelerating its efforts to cash in on the affordable smartphone (Rs. 6,000-10,000) segment in India with the launch of the Moto C Plus, at a price of Rs 6,999. Earlier this month, Lenovo had launched Moto C at Rs. 5,999, which is the cheapest Moto device in the company’s current portfolio in India. The… Read More »

Two IPOs to hit market this week, eye Rs 1,000 cr

Aiming to tap the upbeat investor sentiment, two companies – CDSL and GTPL Hathway – will launch initial public offers (IPOs) this week to raise over Rs 1,000 crore. The bidding in BSE-promoted CDSLs IPO will begin on June 19 and close on June 21, while that of GTPL Hathway, part of Hathway Cable and Datacom Ltd, will… Read More »

Lenovo’s Global PC Shipments Fall 1 Percent, Slower Than Market Decline

China’s Lenovo Group, the world’s largest personal computer maker, said its global PC unit shipments fell 1 percent in the year ending in March, against a market decline of 3 percent, as consumer demand continued its downward trend. Revenue from its personal computer and smart device business, which accounts 70 percent of total revenue, fell 2 percent to… Read More »

Japan’s tight labour market offers hope for consumer spending

Labour demand in Japan rose to its strongest in more than 40 years while the unemployment rate held steady at a two-decade low in April, offering hope that a tight labour market will eventually spark a turnaround in weak consumer spending. Separate data showed household spending fell more than expected in April due to lower spending on cars… Read More »

China’s Xi calls for wide-ranging measures to regulate hot property market

President Xi Jinping said China’s approach to regulating its red-hot property market will include financial, fiscal, tax, land, and regulatory measures as Beijing looks to develop a long-term mechanism for an industry prone to speculation. China’s home prices rose at the fastest pace on record in November. Prices are rising by more than 20 percent annually in many… Read More »

Now Sir James Dyson urges single market exit, just months after losing a nasty battle in Brussels

Sir James Dyson is at again. The godfather of gadgets, ranging from vacuum cleaners to hand driers to fancy looking fans that cost a king’s ransom, has stomped into the debate over whether Britain should stay in the European single market when it finally quits the EU. It probably won’t come as any great surprise to you to… Read More »

UK labour market withstands Brexit shock, but wage growth slows

Britain’s labour market showed little sign of taking a hit immediately after the country’s Brexit vote as the unemployment rate held steady and job creation rose in the three months to July, according to official data. But growth in wages slowed, possibly signalling tougher times ahead for households just as they face the prospect of higher inflation after… Read More »

Amber Mining in Russia: Market for ‘Baltic Gold’ Is Very Black

Alexander Kolesnichenko fished pieces of so-called “Baltic gold” resembling molten plastic out of the mud. It was an illegal and potentially deadly business. But it was also a risk worth taking for the 35-year-old who’d set out for a new life in Russia’s westernmost toehold in Europe in search of raw amber. Equipped with pumps and shovels and… Read More »