Over 250 million Indians are spending an average of 1.2 hours a day scrolling through short-form videos on Indian homegrown apps such as DailyHunt, Josh, Moj, Roposo and more, according to a recent report by Redseer. The survey found that 65-75% of these users are from Tier 2+ cities, indicating that these platforms have a…
Seven, a homegrown consumer electronics startup, has launched a new smart wearable ring called ‘7 Ring’. The ring, crafted with premium Zirconia Ceramic material, comes in seven different sizes, providing a comfortable and customized fit for all users. With seamless and hassle-free payment technology, users can easily make transactions with a simple tap. The 7…
As Diwali approaches, jewelers are enticing customers with offers to make gold buying more appealing on the festive occasion of Dhanteras. Whether it’s free 1 gm gold coins with purchases or discounts on making charges, jewelers are pulling out all the stops to attract consumers. However, experts caution that while buying gold for personal use…
Kolkata-based battery and flashlight major, Eveready Industries India Ltd (EIIL), announced a substantial increase in consolidated net profit for the second quarter of the current fiscal year. The company reported a 73.5% rise in net profit to Rs 25.44 crore, compared to Rs 14.73 crore in the same quarter last year. Despite the positive net…
Jyothy Labs Ltd, a leading FMCG maker, has announced an impressive 59.1% increase in its consolidated net profit for the second quarter ended September 30. The company reported a net profit of Rs 103.98 crore, compared to Rs 65.35 crore in the same quarter of the previous fiscal year. This remarkable growth can be attributed…
Indian Smartphone Market Remains Flat in Q3 2023 with 44 Million Shipments The Indian smartphone market has shown no significant growth in Q3 2023, as it remained flat compared to the previous year. During this period, a total of 44 million smartphones were sold, reflecting a muted performance. September recorded the lowest shipments since 2019….
China Unveils Plans to Mass Produce “Advanced-Level” Humanoid Robots by 2025 China’s Ministry of Industry and Information Technology has recently announced its ambitious plans to mass produce humanoid robots by 2025. The ministry believes that these robots will be as revolutionary as smartphones and will reshape the world as we know it. In a blueprint…
Nykaa, an e-commerce beauty retailer, has reported impressive financial results for the second quarter. The company witnessed a 6% sequential growth and a 22% year-on-year growth in its revenue from operations. Additionally, Nykaa’s profit margin for the quarter increased by 10 basis points compared to the previous year. During this period, Nykaa opened 13 new…
Delhi Government Reintroduces Odd-Even Rule to Tackle Air Pollution The Delhi government has announced that it will reintroduce the odd-even rule from November 13 to 20 in response to concerns about deteriorating air quality. Delhi Environment, Forest and Wildlife Minister Gopal Rai made the announcement after a high-level meeting, stating that the rule will come…
Title: Changes Ahead: Lounge Access Benefits on Premium Credit Cards to be Restricted Subtitle: As banks look for ways to reduce costs and cater to high-spending customers, free lounge access at airports may soon become a thing of the past for credit cardholders. Providing free lounge access at airports has long been a popular benefit…
