Apple has surpassed Xiaomi in Indian smartphone sales during the first quarter, securing a spot in the top five while Xiaomi’s ranking fell to sixth. Vivo leads the market, followed by Samsung, Oppo, and realme. Xiaomi’s decline is attributed to…
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The Reserve Bank of India (RBI) announced a record Rs 2.69 lakh crore dividend to the government for FY25, driven by gains from US dollar sales and interest income. This substantial payout, approved at the 616th board meeting, will help…
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India, US trade: Despite a reported USD 44.4 billion trade deficit, the US actually enjoys a USD 35-40 billion surplus with India when factoring in revenue from education, digital services, and other sectors. This challenges the narrative of India unfairly…
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Facing intense competition and pricing pressures in the core payments business, large payment aggregators in India, such as PayU, Razorpay and PhonePe, are developing and deploying fraud detection software platforms for banks and fintech companies. They are pitching these tools…
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Indian startups garnered USD 139.5 million across 21 deals this week, demonstrating strong investor confidence amidst market uncertainties. The funding activity was led by growth-stage and early-stage deals, with Delhi-NCR and Bengaluru emerging as key regions. Fintech, e-commerce, and media…
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Starbucks India witnessed a 5 percent sales increase, reaching Rs 1,277 crore, but its losses widened by 65 percent to Rs 135.7 crore in FY25. Despite launching 58 new outlets and expanding into 19 new cities, profitability was impacted by…
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