Business

Apple is increasing iPhone production in India "with plans to start producing the latest iPhone 12 series locally as early as this quarter".

Apple, which has already started manufacturing certain iPhone models in India, has worked out locations for its retail stores in the country as well.

The company saw its family monthly active people (MAP) reach a massive 3.3 billion as of December 31, an increase of 14 per cent year-over-year.

HDFC Bank was the top loser in the Sensex pack, shedding around 2.50 per cent, followed by HDFC, HCL Tech, Tech Mahindra, Sun Pharma, PowerGrid, Kotak Bank, SBI, and Nestle India.

iPhone revenue was a record $65.6 billion in the December quarter, growing 17 per cent year-over-year as demand for the iPhone 12 family was very strong, despite Covid-19 and social distancing measures.

"This quarter for Apple wouldn't have been possible without the tireless and innovative work of every Apple team member worldwide," said Apple CEO Tim Cook.

Recovery could have been much faster if the government has spent more, says an expert.

In the latest case, Kapoor allegedly conspired to sanction the Rs 200 crore loan to Mack Star that was diverted to HDIL which used it to repay its outstanding with Yes Bank.

The 'Krishi Sakha' app is going to help us further interact with our farmers, understand their concerns, and offer them customised crop insurance solutions in order to solve their farming problems and challenges," said Sanjeev Srinivasan, MD and CEO, Bharti AXA General Insurance.

Krishna M Ella, Bharat Biotech, CMD, said, “With prior expertise in malaria research, WHO prequalified vaccines, supplied to more than 70 countries, Bharat Biotech is geared up for large-scale manufacturing.

New completions in the city during the quarter stood at 3.72 million sq ft, of the total 12.78 million sq ft recorded across the top seven cities of India.

With Wednesday's price rise, petrol is available at new record high of Rs 86.30 a litre in Delhi while diesel is available in the city at Rs 76.48 a litre.

Grandhi Kiran Kumar, corporate chairman, GMR Group said, “The offering through GHIAL reinforces our ability to raise funds from the international bond markets.

The RBI made the remarks in a booklet titled "Payment and Settlement Systems in India" released this week.

"Hero MotoCorp now has extensive presence across Asia, Africa, South and Central America and the Middle East. In Latin America, the Company is now present in more than 10 countries."

According to the department officials, to avail this service the consumers in Gurugram will have to give a missed call on the number '70821-02200' of the department to get information.

"Our consumer-relevant innovations, market development and execution excellence have enabled us to drive growth across our categories," HUL CMD Sanjiv Mehta said.

Indian bourses mirrored mixed sentiment from global peers with a downward rally owing to consecutive days of FII selling,” said Vinod Nair, Head of Research at Geojit Financial Services.

Total income during the quarter under review stood at Rs 2,049.71 crore as against Rs 1,604.92 crore in the year-ago period, Welspun India said in a regulatory filing.

Singh said there is no restriction on foreign companies in India with regard to the power sector and they can invest up to 100 per cent. "There are a lot of companies that are coming," he added.

The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gita told PTI on Tuesday.

Total income of the bank fell to Rs 22,070.52 crore during October-December period of 2020-21 from Rs 23,134.67 crore in the year-ago quarter, Bank of Baroda said in a regulatory filing.

Walmart said the robots save time since employees don't have to walk store aisles to find items.

The bank's total income (consolidated) during October-December period of 2020-21 rose to Rs 24,490.63 crore from Rs 15,531.80 crore, Canara Bank said in a regulatory filing.