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The story so far of India's quest to reach the $5-tn GDP goal

As per our survey, most believed that while $5 trillion was possible, doing so in just 5 years was not.
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IPHONE 11

India helps drive iPhone growth in emerging markets in December quarter: Apple

2019 saw the fastest rollout of Apple’s new iPhones (11 series) in India, with aggressive pricing and a good channel strategy. The new series especially iPhone 11 was introduced at a lower price point than the last year's iPhone XR launch. This has helped to gain share during the festive season and in its launch quarter in India.

Apple logs double-digit growth in iPhone sales in India in Dec quarter

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  • As coronavirus outbreak spreads across China, the Nikkei Asian Review reported a possible roadblock in iPhone production. Apple Inc has asked its suppliers, many of whom have manufacturing centers in China, to make up to 80 million iPhones in the first half of 2020.

    A five-judge bench headed by Justice Arun Mishra said it would hear on February 11 the Centre's plea seeking Rs 7,844 crore as additional funds from successor firms of the US-based Union Carbide Corporation (UCC) for giving compensation to victims of the 1984 Bhopal gas tragedy.

    Co needs more time to finish back-end work and wants the roll out to coincide with launch of new iPhones, say industry executives

    Apple's market capitalization briefly exceeded $1.4 trillion last Wednesday for the first time.

    Hemang Jani, Senior Vice President, Sharekhan, says the Maruti stock is already up about 20-25% from the lows and there is not a very strong visibility in terms of the growth in the next couple of quarters. The delta has been positive but we have a long way to go in terms of getting a big growth back into the cycle.

    Despite sobering sentiments around startups, Tiger Global has continued its dealmaking activity. Over the last few months, it has emerged as one of the leading contenders to back sports fantasy startup Dream11 in its $300-400 million round at a valuation of over $2 billion.

    The Cupertino, California-based company is expected to officially unveil the new phone as early as March.

    Counterpoint Research estimates iPhone shipments to have grown 6% in 2019, though on a smaller base after a 43% decline the year before. For the October-December quarter, it is estimating the growth to be 41%, more than double the pace of the premium smartphone market where it said the expansion was slower than the full year average of 20%.

    UltraTech on Friday missed Street estimates despite posting 48.64 per cent rise in standalone profit at Rs 643.15 crore for December quarter. Analysts in an ETNow poll had projected the number at Rs 740 crore. Revenue came in almost flat at Rs 9,981.75 crore against Rs 9,938.11 crore. Analysts were expecting a top line of Rs 10,300 crore.

    With AUM of Rs 30 lakh crore, LIC is the largest domestic institutional investor.

    Prominent angel investors, including Deep Kalra, Rajesh Magow, Ashish Hemrajani, Kunal Shah, Kunal Bahl and Rohit Bansal also participated in the round.

    The business growth is attributed to the addition of new customers, scaling-up of existing customers and offering new products. In the payment gateway business unit, the company broke even in April 2019 and has been profitable every month since then.

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