BUSINESS
72mn households worldwide to own 8K TV by 2025: Report
According to a forecast by market researcher Strategy Analytics, sales of more than one million 8K TVs are expected in 2021 and around four million in 2022.This will represent quite a jump from a slower than expected 2020 when just under 350,000 8K TVs were sold globally.
Tata Comms, BIX extend partnership for high-speed internet in Bahrain
Equipped with OTU-4 (Optical Transport Unit), a next-generation optical technology, TGN-Gulf cable system will enable customers with a robust, consistent, and manageable data transport infrastructure with the capability to scale up beyond 100 Gbps, said a company statement.
Rise in Covid cases to delay demand recovery in global oil market
It however, noted that with 'OPEC+' capping supply to ensure supply deficit, impact on oil prices is likely to be muted."Fresh surge in Covid cases, consequent lockdowns and slow rollout of vaccines, especially in Europe, are likely to delay demand recovery to pre-Covid levels," the report said.
Lenovo leads global PC market in Q1 2021, HP 2nd
HP Inc was second with 22.9 per cent PC market share, followed by Dell Technologies at 15.4 per cent share.PC shipments reached 84 million worldwide in the January-March period, a modest 8 per cent decline from the fourth quarter of 2020.
3 iPhone 12 phones contribute to 71% of Apple sales in January
The Apple iPhone 12 led the list followed by the iPhone 12 Pro and iPhone 12 Pro Max, according to Counterpoint Research's ‘Market Pulse' report.There was a pent-up demand for 5G upgrades within the iOS base which, along with strong carrier promotions, resulted in robust sales for the iPhone 12 series.
Facebook spent Rs 171 cr on Zuckerberg's security in 2020
The company's annual reviews of company security "identified specific threats to Zuckerberg," according to a proxy statement filed with the US Securities and Exchange Commission (SEC), reports The Verge."He is synonymous with Facebook, and as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg," read the statement.
LG, SK reach last-minute settlement in US battery dispute
The US International Trade Commission (ITC) in February sided with LG in a trade secret case and issued a 10-year import ban on SK, while temporarily allowing shipments of battery components for Ford and Volkswagen to give them time to find new suppliers.
India, Sri Lanka finalise 'Air Bubble' agreement
Notably, the current international flights are operated under the 'Air Bubble' agreements between India and other countries. This special arrangement mandates certain prerequisites along with permissions which are needed for passengers to undertake travel.
Aramco signs $12.4 bn infra investment deal with EIG-led consortium
The transaction represents a continuation of Aramco's strategy to unlock the potential of its asset base and maximize value for its shareholders. It also reinforces Aramco's role as a catalyst for attracting significant foreign investment into the Kingdom of Saudi Arabia.
Mid and small caps best performers, gold slumps in 1st quarter
Mid and small-cap stocks delivered returns of 14 per cent in the quarter while gold under-performed with negative 11 per cent returns. Gold is the biggest under-performer for the first three months of 2021 vs. the other asset classes. Gold prices are down by 11 per cent in rupees and 10 per cent in US Dollar in the last three months. Apart from ‘Risk on' trade, rising bond yields are now short term negative for the gold prices
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