Apple grew at a strong double-digit rate in India, hitting a new March quarter revenue record in an "incredibly exciting market", even though the tech titan's overall quarterly revenue declined 4 per cent. Apple's India showing earned praises from CEO Tim Cook who described the market here as a "major focus" and said Apple is working on the entire ecosystem from developer to the market to operations. The top honcho said he is "very pleased" with the growth numbers.
Netto said that Christians in various parts of the country, especially in Manipur and north India, were being subjected to "cruelty and violence by dark forces" and alleged that there was no effective intervention against it by the authorities.
Diego Maradona's Argentina lit up the World Cup with its first hat-trick on Thursday while fellow Latin Americans Mexico humiliated European heavyweights France in a comfortable 2-0 win.
India's services sector growth quickened in June from May's five-month low, amid a stronger rise in new orders and an unprecedented expansion in international sales, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.2 in May to 60.5 in June, pointing to a sharp expansion in output. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
Francisco D' Souza, president and chief executive of Cognizant Technology Solutions (earlier called Dun and Bradstreet Satyam Software), believes Asia and Latin America would be the nearly $3-billion New Jersey-based offshore IT service major's focus areas of growth.
'We operate in 16 countries already, and therefore adding the UK to it, and beginning a chapter in the European continent is the next step.'
As part of efforts to give a greater fillip to trade, the commerce ministry is working aggressively on finalising trade pacts with countries in the South East Asian region and some Latin American countries.
Godrej Consumer Products (GCPL) reported 6 per cent year-on-year (Y-o-Y) consolidated net revenue growth in Q4FY24 to Rs 3,385 crore and this was impacted adversely by currency movement. The constant currency (CC) growth would have been 30 per cent Y-o-Y in Q4FY24. India business clocked 12 per cent Y-o-Y revenue growth (5 per cent of it organic) with volume growth of 15 per cent Y-o-Y (7 per cent organic).
India's gain will be an additional business of $300 million to $400 million per month if 10-11% of Bangladesh's export is diverted to Indian hubs like Tiruppur.
Aseem Chhabra's Top 10 Films/ Series from TIFF 2024 includes films that he watched for the first time in Toronto. The films were impressive due to their rigor, passion, unique storytelling style and sometimes exploring the vulnerable sides of big name stars.
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US. DRL will pay a total consideration of 500 million, including an upfront cash consideration of 458 million and contingent cash payments up to 42 million based on performances in CY25 and CY26. DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm.
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
The company, which made the biggest ever acquisition in the Indian pharma history last year by taking over controlling stakes in DocPharma in Belgium, has finalised the Latin American deal and an announcement would be made soon.
China's new first lady Peng Liyuan continued with her charm offensive demonstrating her musical talent during a recent visit to Latin America along with her husband President Xi Jinping.
Argentina and Barcelona's Lionel Messi, Uruguay and Liverpool's Luis Suarez, Brazil and Chelsea's Oscar Suarez were a few Latin American stars who lit up football stadiums across Europe over the weekend.
Asked about the challenges of an interfaith marriage, she said, 'There are a lot of things that we just agree on, I think, especially when it comes to family life, how to raise our kids. And so I think the answer really is, we just talk a lot.'
Further, as a part of its continued expansion plan across Latin America, TCS has set up its delivery centre in Argentina. This is the eighth centre for the company in the region at a cost of $2 million (around Rs 10 crore). The centre, spread over 10,000 square metres, will initially employ 250 professionals, but has the capacity to house 1,000 people.
With an eye on increasing south-south cooperation, President Pratibha Patil ended her maiden visit to Latin American countries during which nine agreements were signed with Chile, Brazil and Mexico and a special emphasis was laid on increasing the connectivity. The visit of 73-year-old Patil was also used to muster support for India's candidature for the permanent membership to the United Nations Security Council.
Costa Rica's domination of a group with three former champions and Chile and Colombia's triumphant march through their first two matches highlights the strength of the Latin American challenge at the World Cup.
The teen, who the police claim was drunk and driving the luxury car when it hit a two-wheeler in the early hours of May 19 killing two techies, was lodged at an observation home in Maharashtra's Pune city.
India's largest IT company Tata Consultancy Services will consider acquisitions in Europe and plans to increase headcount at its Latin American and Chinese operations to 1,000.
With the athletes bidding goodbye to Paris after another bone-tingling edition of the Olympics, Norma Astrid Godinho/Rediff.com, shares some interesting nuggets that made the Paris Olympics an event to remember!
As many as 86 per cent of senior business executives have deployed artificial intelligence (AI) to enhance revenue streams or create new ones, said a report by Tata Consultancy Services (TCS) on Wednesday. As many as 69 per cent of businesses are more focused on using AI for innovation and increasing revenue than on improving productivity and optimising cost, said the 'TCS AI for Business Study'.
India's exports declined by 2.83 per cent to $33.90 billion in November this year compared to $34.89 billion a year ago, government data released on Friday showed. Imports also declined to $54.48 billion in the month under consideration, as against $56.95 billion recorded in November 2022.
"You can memorize 1000s of words, but what do you do if you get a word that you don't know?"
The fires triggered evacuations in several regions of central Chile.
'The hiring in India will be primarily around skills in data engineering, AI, and product engineering.'
In line with India's 'Neighbourhood First' policy, the largest share of aid portfolio has been granted to Bhutan with the allocation of Rs 2,068 crore.
Fortunes of five richest men have more than doubled since 2020 and the world could have its first-ever trillionaire in just a decade while it would take more than two centuries to end poverty, rights group Oxfam said on Monday.
Latin America has emerged as a major trading partner of India in 2004-05 with its trade growing by 77.66 per cent to $3.596 billion as against a negative trade of 0.81 per cent in 2003-04, according to industry body Assocham analysis.
More than half (56 per cent) of chief economists expect the global economy to weaken in 2024, with most saying the pace of geo-economic fragmentation will accelerate, according to the latest "Chief Economists Outlook" released on Monday at the World Economic Forum (WEF). The report indicates that the global economic prospects remain subdued and uncertain. Challenges include tight financial conditions, geopolitical rifts, and the rapid development of generative artificial intelligence (AI).
The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre. While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully. Four years ago, Musk announced that his company would come to India.
In recent months, several pharma multinational corporations (MNCs) are increasingly turning to Indian companies to expand market reach in the country's pharmaceuticals sector. Sanofi's partnerships with Dr Reddy's, Cipla, and Emcure, AstraZeneca and Mankind Pharma - teaming up for asthma medication distribution - are a few instances of this trend. This strategy allows MNCs to leverage established Indian networks and reach a wider audience. Indian companies also benefit from global brands and expertise, say analysts.
'China is somewhat disappointing in its recovery, and slow growth, and India is reporting strong growth numbers.'
Supreme Court judgement pronounced on Monday quashing the Gujarat government's decision to grant remission to 11 convicts in the case of gang-rape of Bilkis Bano and murder of seven of her family members during the 2002 riots in the state, said the orders were "stereotyped".
This may be in line with Russia's private military company, Wagner Group, which was controlled until 2023 by Yevgeny Prigozhin, a former close ally of Russia's president Vladimir Putin. The group used the infrastructure of the Russian Armed Forces.
This year's US Open runs from Aug. 28-Sept. 10.
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