NEW DELHI: Smartphone exports rose 23.4% to $9.8 billion during the June quarter, with the segment accounting for nearly two-thirds of electronic shipments of about $15.2 billion during April-June.This was the highest-ever first-quarter smartphone exports by value and was driven by strong iPhone shipments to the US, reinforcing the country’s emergence as a key global…
BENGALURU: Indian Premier League‘s business value rose 11.4% from a year earlier to $20.6 billion in 2026, helped by growing revenues, digital viewership and record franchise transactions, according to a study by investment bank Houlihan Lokey.It also pegged Royal Challengers Bengaluru’s brand value at $312 million, 16% higher than the previous year and making it…
BENGALURU: GenAI is poised to transform India’s labour market over the next decade, redefine job roles and accelerate the shift towards higher-value work, according to a new Goldman Sachs report.The report estimates that GenAI could automate 9-17% of tasks currently performed by India’s non-agricultural workforce. However 8-12% of jobs face a meaningful risk of substitution,…
Minimum balance penalty (representative image) NEW DELHI: Banks collected nearly Rs 7,100 crore as penalties from customers for failing to maintain minimum average balance (MAB) in their accounts in financial year 2025-26, up from around Rs 6,800 crore in the preceding year, government has told Parliament. Nearly 70% of the charges, adding up to Rs…
MUMBAI: Gold loans are surging despite low growth in the number of borrowers as well as the quantity of gold that is pledged with lenders. Gold loans have grown over 50% in FY26 largely because of larger loans by existing borrowers and a shift from other personal loan products to secured gold loans.Gold loans accounted…
Arundhati Choudhary, Sachin Siwach and Sakshi Chaudhary (Image credit: Agencies) NEW DELHI: India’s boxers continued their impressive run at the Commonwealth Games 2026, with six more pugilists reaching the semifinals on Wednesday. The results took India’s assured boxing medal tally to 10, already bettering the seven medals the country won at the 2022 Birmingham Games.Sakshi…
File photo: Union minister Nitin Gadkari NEW DELHI: Road transport minister Nitin Gadkari informed Rajya Sabha Wednesday BS-III vehicles, manufactured between 2005 and 2016, may require replacement of some rubber parts and gaskets when run on E20 petrol, while adding studies have found no major impact of the blended fuel on overall vehicle performance.In a…
MUMBAI: Employers are widening employee health benefits beyond conventional group medical insurance as companies seek protection against diseases that can quickly exhaust standard health covers. Reflecting this shift, AstraZeneca Pharma India has become the first company in India to buy a group cancer care policy that sits on top of its existing group health insurance,…
India’s growth momentum remains on a firm footing on the back of resilient domestic demand, despite the global challenges NEW DELHI: The finance ministry on Wednesday said that swifter policy responses and their implementation are critical to encourage foreign and domestic investment in the economy and underlined the need for reimagining responses to deal with…
Former FIFA president Sepp Blatter criticises World Cup investment plan as fans accuse him of hypocrisy/ Image: AP Former FIFA president Sepp Blatter has strongly criticised FIFA’s proposal to sell a minority stake in a new company that would manage the commercial rights to the World Cup and other major tournaments, arguing that football’s biggest…