Tag Archives: Market

Coal India Slips As Buyback Offer Disappoints Market

Shares of Coal India fell as much as 2.36 per cent to hit intraday low of Rs. 313.30 after the state-run miner’s buyback offer disappointed the Street. Coal India aftermarket hours yesterday had announced that its board has approved share buyback of 1.72 per cent of shares at a price of Rs. 335 per share. The proposed buyback will cost ... Read More »

LG Display Sees Signs of Display Market Improvement

South Korea’s LG Display Co Ltd is seeing signs of improvement in the display panel industry and expects its business performance to pick up in the second half of the year, the firm’s chief executive said. “There is a sign of things changing a bit starting in late second quarter,” LG Display CEO Han Sang-beom told reporters at an embargoed ... Read More »

Samsung India to Focus on New Mobile Launches to Bolster Market Share

Being the leader in the Indian smartphone market, Samsung India Electronics will now focus on new launches with innovative features to maintain its position and gain more market share, a top company official said in Kolkata on Tuesday. “We continue to focus on all the segments of mobile phones with different price points and value proposition. Innovation is important and ... Read More »

Micromax Plans to go into China’s phone market subsequent yr

Micromax Plans to Enter China’s Smartphone Market Next Year Indian domestic handset manufacturer Micromax has plans to enter the Chinese smartphone market next year, Co-Founder Vikas Jain confirmed. Speaking at the Rise technology conference in Hong Kong, Jain also hinted that it may go public in two years which will help Micromax raise money for adding various services to its ... Read More »

BlaBlaCar Says India Could Soon Be Its Biggest Market

Paris-based BlaBlaCar expects up to 10-fold growth in number of rides on its platform in India as more people turn to ride-sharing for long distance travel. The company, which launched its services in India in January last year, has already seen one million seats being offered through its platform in the country. “Ride-sharing is definitely gaining traction world over including ... Read More »

Double-Digit Growth in Indian Smartphone Market to Continue: Gartner

While the global smartphone market is set to see a decline this year, India, buoyed by aggressive smartphone launches and a huge consumer base, is likely to witness double-digit growth in 2016 as well as in the next two years, says a new report. According to information technology research and advisory company Gartner, sales of smartphones in India will reach ... Read More »

Global Smartphone Market Growth to Be Lowest Ever in 2016 – Gartner

Global smartphone sales are expected to grow in single digits in percentage terms for the first time ever and PC shipments are forecast to decline in 2016, according to research firm Gartner Inc. Gartner said on Thursday it expected smartphone sales to grow only 7 percent to 1.5 billion units in 2016 from 2015, stunted by flat sales in the ... Read More »

Top Seven Companies Add Over Rs 1 Lakh Cr in Market Valuation

New Delhi: Amid a strong broader market trend, seven of the top-10 companies saw their cumulative market valuation zoom by a whopping over Rs 1 lakh crore last week. During the week, the Sensex surged by 1,492.18 points to end at 24,646.48, its biggest weekly gain in four years. Barring Sun Pharma, HUL and ONGC, rest seven companies led by ... Read More »

US Jobless Claims Rise, But Labor Market Firming

Washington: The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend continued to point to a strengthening labor market. The labor market’s resilience was reinforced by another report on Thursday showing announced layoffs by US companies tumbled 18 per cent in February. The signs of sustained labor market strength were the latest indication the ... Read More »

Amazon Sizes Up UK Restaurant Delivery Market

Amazon.com Inc has begun surveying UK customers about their use of restaurant delivery services, in what analysts said was likely the first step in an international expansion of a business it rolled out in the United States last September. In recent days, the online retailer sent its customers surveys, seen by Reuters, asking about the frequency and cost of customers’ ... Read More »