Riding on strong demand for iPhone 11 and other models, Apple logged a massive over 55 percent growth in iPhone shipments for the India market in January and February this year compared to the same period in 2019, a new report said on Friday. There was no impact of Novel Coronavirus on supply in the first two months on Apple shipment in India and industry experts are still assessing the full impact. “Apple iPhone shipments in India grew over 55 percent in the first two months of 2020. Will need to assess March and beyond for full impact of coronavirus,”…
Author: Our Correspondent
The over-the-top (OTT) players in India stand to gain as a growing number of companies are now asking their employees to work from home and several states have ordered closure of cinema halls for a limited period in an effort to contain the spread of the novel coroanvirus. Delhi Chief Minister Arvind Kejriwal on Thursday announced in a tweet that all movie theatres would remain shut in the city till March 31. Similarly, all malls, pubs and cinema halls in Karanata will stay closed for a week starting March 14. Kerala Chief Minister Pinarayi Vijayan earlier this week also requested…
Top mortgage lender Housing Development Finance Corp. Ltd (HDFC) and automobile financier Kotak Mahindra Prime Ltd will invest ₹2,000 crore each in crisis-hit Yes Bank Ltd, according to a rescue plan prepared by State Bank of India, with the state-run lender bringing ₹2,450 crore on its own. As per the plan, Yes Bank needs to raise capital of ₹20,000 crore in the next six months, which will be infused in stages. A draft recapitalization plan outlining the initial investment was submitted to the Reserve Bank of India (RBI) and the Union finance ministry on Wednesday, three people familiar with the…
All 19 rebel Madhya Pradesh Congress MLAs left Bengaluru on Friday after spending four days at a resort on the city’s outskirts, a source said on Friday. According to sources, the rebel MLAs are being flown to Delhi from where they are likely to be taken to a hotel in Gurugram. “The 19 Madhya Pradesh legislators left Bengaluru in three chartered aircraft on Friday. We don’t know in whose aircraft they flew, but they have left,” a Karnataka Congress source told IANS on condition of anonymity. The rebel lawmakers were staying at the Prestige Golfshire resort on the city’s northern…
The Central Bureau of Investigation on Friday registered a fresh case against Yes Bank founder Rana Kapoor, his wife Bindu and Avantha Realty promoter Gautam Thapar. The case relates to the Amrita Shergill bungalow deal and alleged bribe for relaxation in the realisation of loans worth over Rs 1,500 crore to Gautam Thapar’s companies, according to officials. The probe agency is carrying out searches in Delhi and Mumbai at multiple locations, including the office and residences of Rana Kapoor, his wife Bindu, the office of Bliss Abode linked to Bindu, Thapar and his companies, and the India Bulls Housing Finance…
Prime Minister Narendra Modi’s two-day visit to Gujarat from March 21 has been put off due to the coronavirus scare, it was announced here on Friday. Making the announcement about deferment of the PM’s visit, Deputy Chief Minister Nitin Patel said new dates will be finalised later. “In view of the current situation which has arisen due to the coronavirus and a recent central government advisory asking states to avoid organising any large gatherings or seminars, Prime Minister Modi’s visit to Gujarat on March 21 and 22 has been postponed,” he said. Notably, no positive case of the novel coronavirus…
Finance Minister Nirmala Sitharaman on Friday said the government and the Reserve Bank are closely monitoring the stock market, which is facing intense volatility amid mounting coronavirus fears. Together with the RBI, the government is closely monitoring markets, she said on the situation arising out of a panic spread of coronavirus pandemic. After being battered in the early session, the BSE Sensex spurted 1,325.34 points and the NSE Nifty rose 365.05 points to settle the day at 9,955.20. Indian market saw its biggest intra-day selloff in early session, wiping nearly Rs 12 lakh crore off investor wealth in less than…
The Jammu and Kashmir administration on Friday revoked the Public Safety Act against former chief minister Farooq Abdullah, officials said. In an order, state Home Secretary Shaleen Kabra said the PSA invoked on Abdullah on September 17 and further extended on December 13, has been revoked. The order comes into force with immediate effect. Dr Abdullah has been under detention since August 5 when the central government, amid communication blockade and clampdown, announced the end of special status to Jammu and Kashmir under Article 370 and split the state into two union territories. Under the Public Safety Act, a person can…
Forty-six persons who were in direct contact with the 76-year old man who died on Tuesday night due to co-morbidity and coronavirus infection have been placed under quarantine, district officials said on Friday. Kalaburagi Deputy Commissioner Sharat B said 31 of them have been categorised as “high risk” and the remaining 13 as “low risk”. The high-risk persons are being shifted to ESIC hospital here. Officials said four family members of the man have displayed flu symptoms and their swab samples have been sent for testing in Bengaluru. A senior Union health ministry official said yesterday the death of the…
Uttar Pradesh Chief Minister Yogi Adityanath will participate in the rituals for shifting of the Ram Lalla statue to the new makeshift structure on March 25, which will also mark the beginning of ”Navratri”. The Ram Lalla statue will be shifted to a specially constructed structure in Manas Bhavan to pave the way for the construction of the grand Ram temple. According to sources, Adityanath will reach Ayodhya on the evening of March 24 and will offer prayers as soon as the deity is installed in the new structure. He will also participate in the ”Pran-Pratishtha” rituals along with a…