BUSINESS
Global chip revenue to decline 11% this year, short-term outlook grim
In 2022, the market totaled $599.6 billion, which was marginal growth of 0.2 per cent from 2021, according to the latest forecast from Gartner. The PC, tablet and smartphone semiconductor markets are stagnating. The combined markets will represent 31 per cent of semiconductor revenue in 2023 and total $167.6 billion.
Indian economy demonstrates strength & stability, GDP to grow at 6% in FY24: Acuite
In its monthly commentary on the economy. Acuite said that despite the global macro economy remaining characterised by contradictions and financial system instability risks coming to the fore, the Indian economy continues to demonstrate strength and stability. Most lead indicators at the start of 2023 continue to.
Patent filings soar 13.6% in India, tech domain leads
Further, the year witnessed a rise in the share of domestic filings to 44.4 per cent of total patents filed, compared to 41.6 per cent in FY2021, according to Nasscom which released the report on the occasion of World Intellectual Property Day. Out of the 584,000 patents filed in India between FY2010 and FY2022.
Maruti Suzuki to add 1 mn unit capacity, logs PAT of Rs 80,492 million
The decision to expand the capacity has been approved by the company board at its meeting while approving the audited accounts for the year 2022-23. According to a regulatory filing, Maruti Suzuki said it has a total production capacity of 13 million units in Manesar and Gurugram. In addition, the Company is supplied vehicles.
World CX Summit: India to Showcase the Impact of Customer Centricity on Business Growth.
The 10th global edition of the World CX Summit is set to impact India's CX landscape by bringing together renowned pioneers and experts in the field of customer experience. The summit aims to provide a platform for engaging in discussions, sharing knowledge, and recognizing industry veterans for their noteworthy contributions through the highly esteemed World CX Awards.
LinkedIn now has 100 mn members in India: Satya Nadella
The Microsoft-owned LinkedIn saw record engagement in the March quarter as more than 930 million members globally now turn to the professional social network to connect, learn, sell and get hired. Member growth accelerated for the seventh consecutive quarter as we expanded to new audiences. We now have 100 million members.
Microsoft Q3 results exceed Wall Street's expectations, $18.3 Billion profit reported
According to the statement released by Microsoft, the company's profit was $18.3 billion, which is a 9% increase in net income, while the overall company revenue increased by 7% to $52.9 billion in the quarter ended March 31. Microsoft's cloud computing and artificial intelligence offerings were the main contributors to its revenue and profit growth in the first three months of this year.
87% Indian business leaders would let robots make their decisions: Study
According to the study by Oracle and author Seth Stephens-Davidowitz, around 90 per cent of business leaders in India have suffered from decision distress -- regretting, feeling guilty about, or questioning a decision they made in the past year. Nearly 82 per cent admit the sheer volume of data and their lack of trust in data has stopped them from making any decision. The survey polled 14,000 employees and business leaders across 17 countries, including 1,000 in India.
FM directs CBDT to ensure time-bound disposal of tax payers' applications
She also exhorted CBDT to expand and strengthen its efforts to increase tax payers' awareness regarding the provisions of the direct tax laws and their compliance. In a review meeting of the board, the Finance Minister mainly focussed on efforts for increasing tax payer base, pending disciplinary proceeding cases, and disposal.
Central banks end crisis-fighting measures
They cited "improvements in US dollar funding conditions" and "low demand" at recent operations aimed at providing liquidity, CNN reported. Starting May 1, those operations will once again be held weekly, a decision made in consultation with the US Federal Reserve, the primary source of dollars. The frequency could increase again if needed, the four central banks said.
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