TV viewing in India is slowly becoming a more connected viewing experience and the company is set to expand into newer price segments, level up capabilities and features, and bring more and more tech enthusiasts into the fold, Madhav Sheth, Vice President, realme and CEO, realme India and Europe, said on Wednesday. Consumers who want to live an aspirational, trendsetting lifestyle and are in sync with the latest technological trends, are consuming loads of video content, like online series on OTT platforms. For such consumers, the newly-launched realme smart TV 4K series has improved a lot on smart features and experience, brining a spectacular cinematic experience with Dolby Vision-enabled 4K display and Dolby Atmos.
Read more about Hong Kong Stocks end mostly higher on Business Standard. At closing bell, the benchmark Hang Seng Index rose marginal 0.09%, or 27.39 points, to 29,151.80. The Hang Seng China Enterprises Index added 0.89%, or 95.57 points, to 10,889.12.
BEIJING (Reuters) -China s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said. The investigation is the latest into China s big so-called platform companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers. KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last month by the State Administration for Market Regulation (SAMR), along with dozens of internet companies, against any abuse of market dominance and told to conduct self-inspections.
Hong Kong stock market rebounded from four-month low on Friday, 14 May 2021, as investors chased for bargain hunting, thanks to positive lead from Wall Street overnight after comments from Federal Reserve officials helped ease inflation fears.
At closing bell, the benchmark Hang Seng Index advanced 1.11%, or 308.90 points, to 28,027.57. The Hang Seng China Enterprises Index added 0.63%, or 64.96 points, to 10,404.95.
The sub-index of the Hang Seng tracking commerce & industry sector fell 0.03%, while the utilities sector added 0.47%, the properties sector added 0.13%, and the finance sector added 2.7%.
Federal Reserve Governor Christopher Waller said increases in prices above the Federal Reserve s 2 percent goal should be temporary and the Fed will not raise rates until it sees inflation above target for a long time.
Europe s second-top court on Thursday annulled an EU order to Amazon to pay about 250 million euros ($303.28 million) in back taxes to Luxembourg, part of an EU crackdown against unfair tax deals between multinationals and EU countries. The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with Luxembourg. The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group, judge said. The European Commission in its 2017 ruling said the Grand Duchy spared the U.S. online retailer from paying taxes on almost three-quarters of its profits from EU operations by allowing it to channel profits to a holding company tax-free.