BUSINESS
Pakistan seeks $6.3b China debt rollover
Another proposal was also under consideration to seek a fresh Chinese loan to repay the maturing bilateral debt during the fiscal year 2022-23, ending on June 30, The Express Tribune reported. The issue of rollover and refinancing of nearly $6.3 billion commercial loans and the central bank debt was discussed in a meeting between Chinese Ambassador to Pakistan Nong Rong and Finance Minister Mohammad Ishaq Dar.
Global smartphone sensor market logs $6.4 billion in revenue, Sony leads
According to the Strategy Analytics report, the market for smartphone image sensors experienced a decline of more than 5 per cent year-over-year in the first half. Sony Semiconductor Solutions captured the top spot with 44 per cent revenue share, followed by Samsung System and Omnivision in the same period. Sony, Samsung and Omnivision captured nearly 83 per cent revenue share in the global smartphone image sensor market.
India smartphone shipments fell 6% in Q3, Xiaomi leads
Ultra-premium category smartphones, especially older generation flagships, also experienced strong demand momentum amid price cuts. Samsung offered deep discounts on its older generation Galaxy Z Fold3 and latest Galaxy S22 series in online and offline channels. "Similarly, demand for the aggressively discounted iPhone 13 outstripped the latest iPhone 14, whose value proposition is very similar to the former," said Chaurasia.
Manipulation of financial statements by Bombay Dyeing created misleading share price movement
Thus, when the financial statements of BDMCL for the period from FY 2011-12 to 2017-18 are found to present inflated figures of sales and profits, their disclosure as �true and fair' is an act patently fraudulent and unfair trade practice for the investors in securities, because investors rely on the financial disclosures made by the company, to make their investment/disinvestment decisions, the order said.
Successful launch of OneWeb's satellites, ISRO's birthday present to Sunil Bharti Mittal
The Indian space agency successfully launched 36 satellites of the UK-based OneWeb, of which he is the Chairman. OneWeb is a joint venture between India Bharti Global and the UK government. The satellite company plans to have a constellation of about 650 satellites in low earth orbit (LEO) to offer communication services. When queried, Mittal said it was not by design the satellite launch date coincided with his birthday.
RIL becomes first Indian company to post earnings call on metaverse
Using it, analysts across the world tracking the company can toggle with slides and graphics placed on different screens as per the multiple buckets in the results presentation. They can also download the RIL Q2 22-23 media release and the transcript of the media and analyst call in PDF formats.
Akash Ambani launches Jio 5G services in Rajasthan's Nathdwara
"As promised during the recent launch, JioTrue5G will expand to more cities, and Chennai is the latest city to be added to the Jio Welcome Offer. Invited Jio users in Chennai can access unlimited 5G data at up to 1 Gbps and experience JioTrue5G," Akash Ambani added.
Global IT, business revenues to weather looming recession: IDC
The growth outlook for Asia/Pacific was adjusted downward by roughly 10 basis points each year for the next four years.
The region is forecast to grow at around 5.5 per cent each year. Within the region, the growth rates for both China and India have been lowered.
Amid high inflation & weak rupee, Fin Min review says economic performance 'impressive'
"Indian economic performance in the first half of 2022-23 has been impressive compared to the world. As measured by PMI composite index, the economic activity level was higher for India at 56.7 compared to 51.0 for the World level during April-Sept 2022," said the economic review which was released on Saturday by the Finance Ministry.
Rajasthan mines department reports higher revenue earning than last year
The official said this while attending the monthly review meeting of the mines department through video conference at the Government Secretariat on Friday. He said that in the Amnesty Scheme 2022 of Departmental Dues and Interest Waiver of mines department, Rs 21,85,00,000 has been recovered in 141 cases.
Don't Miss
Advertisement