Business

It offers 1-second transaction time with widest reach for registered PhonePe merchants and users who can integrate their payments across apps without multiple onboarding

Nearly 6% stake in InterGlobe Aviation, parent company of IndiGo, exchanged hands during morning trade

Following a decline in 2023, Apple's hardware revenues are projected to grow by 3% year-on-year in 2024, according to Counterpoint Research. This growth is expected to be driven by all major hardware segments, including the iPhone, iPad, Mac, Watch, and AirPods, with new launches playing a key role. AirPods may become the fastest-growing segment this year.

Forex traders noted that, from a macroeconomic perspective, the rupee's downside seems well-contained, with the 84 level serving as critical support, likely due to anticipated RBI intervention to curb further depreciation. At the interbank foreign exchange market, the rupee opened at 83.94, then weakened slightly to 83.95, marking a 2 paise loss from its previous close.

The 30-share BSE Sensex rose 128.81 points to 81,840.57 in early trading, while the NSE Nifty gained 30.4 points to 25,048.15. However, both indices soon experienced profit-taking and moved lower, with the BSE benchmark down 42.46 points at 81,682.57 and the Nifty down 21.60 points at 24,996.15.

His sharp intellect, wise judgment, and financial brilliance make him the perfect choice to be Apple's next CFO, says company CEO

The tech giant will launch the new line-up along with other gadgets including new AirPods 4, Watch Series 10 and software services

In 2019, the average price in Kokapet was Rs 4,750 per sq. ft., which surged to Rs 9,000 per sq. ft. by the first half of 2024

Says Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving

Infosys denies all allegations, says it will defend its position in court

The fee reductions, effective from September 9, will allow sellers to expand their product range on the platform and encourage growth, Amazon India stated. "With these changes, sellers on Amazon India will see a decrease in selling fees ranging from 3% to 12% across different product categories," the company said.

Stock of Reliance Home Finance Ltd falls 5.12% to Rs 4.45 on NSE and 4.90% to Rs 4.46 on BSE

Also bars 24 other entities, including former key officials of Reliance Home Finance for five years for diversion of funds from company

Market analysts are anticipating insights from US Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Symposium. The 30-share BSE Sensex opened 37.32 points, or 0.05%, higher at 81,090.51, while the NSE Nifty rose by 18.25 points to 24,829.75.

Forex traders noted that the recent drop in oil prices, now around USD 77 per barrel, is a major boost for the rupee due to India's high oil import costs. In the interbank foreign exchange market, the rupee opened at 83.93, strengthened to 83.88, marking a 5 paise increase from its previous close.

"The month saw impressive milestones being reached, substantial growth in GST collections, and a significant rise in e-way bill generation, which points to an overall increase in economic activity. The stock market indices also reached record highs in July," the report states

iPhone exports exceeded $1 billion in July, maintaining a similar month-on-month performance as seen in the first quarter of FY25, driven by the production-linked incentive (PLI) scheme. According to industry data, iPhones now account for about 70% of the country's total mobile exports

In its plea to the Delhi High Court, BharatPe alleged that Ashneer Grover breached his employment agreement by disclosing confidential information on social media. Before the matter was brought to the Delhi HC, Grover agreed to the formation of an arbitral tribunal in response to BharatPe’s arbitration notice but contested the choice of the sole arbitrator.

In response to a post on X by the Reserve Bank of India, PM Modi congratulated RBI Governor Shaktikanta Das, saying, “Congratulations to RBI Governor Shri @DasShaktikanta for achieving this feat for the second time.” He added, “This recognition reflects his leadership at the RBI and his efforts to promote economic growth and stability.”

Forex traders noted that a weak American dollar and lower crude prices helped support the rupee, preventing a sharper decline. At the interbank foreign exchange, the rupee opened lower at 83.79 and further weakened to 83.84 against the dollar, down 7 paise from the previous day's close of 83.77.

The 30-share BSE Sensex dropped 138.58 points, or 0.17%, to 80,664.28 in early trade. Meanwhile, the NSE Nifty ended its four-day rally, slipping 15.20 points to 24,683.65. Among the 30 Sensex companies, UltraTech Cement, Kotak Mahindra Bank, Tech Mahindra, ICICI Bank, HDFC Bank, IndusInd Bank, Power Grid, and Axis Bank were the major laggards.

The iPhone unit by Tata is being built in Hosur, Tamil Nadu, where, the facility is expected to employ over 50,000 workers, mostly women. The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago

In early trade, the 30-share BSE Sensex rose by 287.56 points to 80,724.40, while the NSE Nifty increased by 97.65 points to 24,638.80. The biggest gainers among the 30 Sensex companies were NTPC, Titan, Tata Steel, ITC, Reliance Industries, State Bank of India, Bajaj Finance, and JSW Steel.

Forex traders noted that the weakening of the American currency in global markets and falling crude oil prices boosted investor sentiment. On the interbank foreign exchange market, the rupee opened at 83.88 against the dollar, then strengthened to 83.84, marking an 11 paise gain from its previous close.