Author: News Desk
Apple Inc. has achieved “strong double digits” growth in India, leading to a record revenue for the June quarter, according to Tim Cook, the company’s CEO. Apple’s revenue in the country comes amid sustained growth and expansion efforts. Retail Stores and Investments During the quarter, Apple opened its first two retail stores in India, which are reportedly exceeding expectations. The company continues to focus on expanding its channel and direct-to-consumer offerings. Rising iPhone Shipments The primary revenue driver for Apple, the iPhone, has seen steady growth in shipments over the past three years. Data from market researcher International Data Corp.…
The Indian spacecraft Chandrayaan-3, launched on July 14, is set to enter the Moon’s orbit today (August 5), according to ISRO. The Lunar Orbit Injection (LOI) is scheduled for around 7 pm. The spacecraft has covered about two-thirds of the distance to the Moon and is now moving towards its intended orbit. Successful Key Maneuver Recorded on August 1 On August 1, ISRO recorded a crucial maneuver, successfully propelling the Chandrayaan-3 spacecraft towards the Moon from Earth’s orbit. Following this trans-lunar injection, the spacecraft escaped Earth’s orbit and began its trajectory towards the Moon. Soft Landing Attempt on August 23…
Royal Enfield, the iconic motorcycle brand, has confirmed its foray into the electric motorcycle segment, with its first offering set to hit the market in the financial year 2026. The company’s Managing Director, Siddhartha Lal, recently shared this timeline during the Q1 FY2024 earnings call. Focused Development and Partnerships Royal Enfield has been diligently working on the development of its electric motorcycle, with a dedicated team of around 100 professionals focused on the EV space. The company has also collaborated with Spanish electric motorcycle maker Stark Future to expedite its electric vehicle (EV) plans. The brand aims to bring a…
Until recently, cryptocurrencies were primarily associated with trading, but now, crypto startup founders are exploring new avenues by expanding their services. These startups are looking to offer a diverse range of offerings, including gaming, social applications, decentralized financial services, and more. The aim is to create scalable protocols that can support multiple transactions, making crypto relevant for micro transactions and beyond. Building Scalable Protocols Founders like Nischal Shetty of WazirX are leading the charge in building scalable protocols. Shetty is developing Shardeum, a blockchain-based protocol that aims to process 100,000 transactions per second, significantly surpassing the capacity of traditional blockchain-based…
King Maha Vajiralongkorn, also known as King Rama X of Thailand, possesses a wealth and collection of opulence that rivals some of the world’s wealthiest individuals. His vast riches include a significant stake in Thailand’s Siam Commercial Bank and Siam Cement Group, making him one of the richest persons globally. The estimated wealth of Thailand’s royal family, including King Rama X, stands at more than USD 40 billion (approximately 3.2 lakh crore). Extensive Property Holdings King Rama X’s wealth lies in his vast properties spread across Thailand, totaling 6,560 hectares (16,210 acres). These properties include government buildings, malls, hotels, and…
In a strategic move aimed at promoting local manufacturing, India has imposed restrictions on the import of laptops, servers, tablets, all-in-one personal computers, ultra small form factor computers, and servers. The government issued a notification stating that these products, falling under HSN 8741, will now be classified as ‘restricted’ imports. However, the import will still be permitted against a valid licensing permit, except for passengers carrying the mentioned devices in their baggage. Boosting Local Manufacturing This restriction on electronic imports comes as part of India’s ongoing efforts to boost domestic production and create a favorable environment for local businesses. Over…
Toyota Kirloskar Motor (TKM) has unveiled the highly anticipated fourth-generation Vellfire luxury MPV in India. The new model, launched in two trims – Hi and VIP Executive Lounge, is priced at Rs 1.20 crore and Rs 1.30 crore (ex-showroom) respectively. The impressive feat is the quick introduction of the 2023 Toyota Vellfire to the Indian market, a mere two months after its Japan debut in July. A Symbol of Class and Elegance Masakazu Yoshimura, MD and CEO at TKM, expresses excitement over the Vellfire’s launch, stating that the vehicle represents Toyota’s commitment to cutting-edge technology, comfort, and elegance. The introduction…
Zomato, the popular food aggregator platform, made headlines as it reported a consolidated profit after tax of Rs. 2 crore in Q1 of FY24. This marks a significant turnaround from the loss of Rs. 186 crore in the same period a year ago. Impressive Revenue Growth The Gurugram-based food delivery company witnessed a remarkable 71 percent year-on-year growth in revenue from operations, reaching Rs. 2,416 crore in Q1 FY24, up from Rs. 1,414 crore in the corresponding period last year. Ebitda Turns Positive Zomato’s adjusted earnings before interest, tax, depreciation, and amortization (Ebitda), including its quick-commerce arm Blinkit, reached a…
Located in the heart of Bengaluru, Rameshwaram Cafe has become a beloved Quick-Service Restaurant (QSR) that has captivated the taste buds and hearts of food enthusiasts citywide. Founded by the dynamic duo of Divya Raghavendra Rao and Raghavendra Rao, this unassuming eatery has gained fame for its mouthwatering South Indian cuisine. But there’s more to this cafe than meets the eye – its staggering monthly revenue of ₹4.5 crores has catapulted it to the forefront of the city’s QSR scene. A Tranquil Dining Experience Inspired by the cultural heritage and culinary delights of Rameshwaram in Tamil Nadu, Divya and Raghavendra…
Renowned actor and investor, Suniel Shetty, partners with Manun Thakur, CEO of Veda Rehabilitation & Wellness, to launch a mental health app, Lets Get Happi. The app aims to provide affordable, inclusive, and stigma-free mental health care, catering to the needs of individuals in India’s metropolitan cities. Addressing the Mental Health Gap Veda Rehabilitation & Wellness, known for its luxury rehab centers, recognizes the need for universal access to mental health support. Lets Get Happi offers 24×7 real-time therapy options, integrating in-person and online sessions to accommodate diverse needs and budgets. The app prioritizes user anonymity, providing a safe space…