‘Customers will end up pre-buying laptops, even at inflated rates. The same is true for second-hand and refurbished pieces that a company’s authorised stores sell.’
Posts tagged Rediff
Samsung remains the largest exporter of smartphones (14-08-2023)
In FY22-23, Samsung exported $4.09 billion smartphones from India — an increase of 42 per cent over 2021, when it was $2.8 billion — accounting for 35 per cent of all smartphone exports.
Samsung remains the largest exporter of smartphones (14-08-2023)
In FY22-23, Samsung exported $4.09 billion smartphones from India — an increase of 42 per cent over 2021, when it was $2.8 billion — accounting for 35 per cent of all smartphone exports.
Factors that will guide the markets this week (13-08-2023)
Inflation data, global trends and foreign fund trading activity would guide equity market movement in a holiday-shortened week, analysts said. Stock markets would remain closed on Tuesday for Independence Day. “Macroeconomic indicators, rupee and FII activities will be pivotal in shaping market trends in the coming days.
TVs to Cost 10% More as Open Cells get Costlier (13-08-2023)
The cost of open cells has seen an average increase of between 3 and 20%, and is higher for larger screen TVs in July, according to manufacturers of televisions
Why Deloitte resigned as Adani Ports’ auditor (13-08-2023)
Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller but the company said the allegations had no effect on financial statements and the reasons cited for quitting were not convincing to warrant such a move. In a 163-page filing with stock exchanges relating to Deloitte Haskins and Sells LLP’s resignation, Adani Ports and Special Economic Zone (APSEZ) said that in meetings with its leadership, Deloitte indicated concern over a lack of a wider audit role as auditors of other listed Adani companies. However, the firm conveyed to the auditor that it was not within its remit to recommend such appointments as other entities are “completely independent”.
Inside India’s new Data Protection framework (13-08-2023)
A new law that defines how companies should process users’ data came into force with the President giving assent to the Digital Personal Data Protection (DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users’ data abroad for processing, except to nations and territories restricted by the Centre through notification. It also gives the government power to seek information from firms and issue directions to block content.
After a solid Q1, IndiGo’s troubles may mount in Q2 (12-08-2023)
Despite the best ever quarterly net profit of Rs 3,091 crore during April-June of financial year 2023-24 (Q1FY24), challenges are mounting for InterGlobe Aviation-run IndiGo in the near term, said analysts. Given this, most brokerages have retained their ratings from ‘buy to underperform’, as well as their target price for the stock. For instance, Motilal Oswal Financial Services has retained its ‘neutral’ rating on the scrip as it believes the low-cost airline is facing teething issues at present.
Can Isha Do What Her Dad Did With Jio? (12-08-2023)
Isha’s stab at the bottom of the laptop pyramid shows she is a true Ambani.
Deloitte planning to resign as Adani Ports’ auditor (11-08-2023)
Deloitte is planning to resign as auditor of Adani group’s port company, a move that comes weeks after it raised concern over certain transactions flagged in a report of a US short seller. Deloitte Haskins and Sells LLP has communicated to Adani Ports and Special Economic Zone Ltd its decision to resign as auditor and a formal announcement is expected shortly, sources with knowledge of the matter said. The reason for the resignation was not immediately known.