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In a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all banking services after February 29. This and more in todays ETtech Top 5.
India Business News: India is reducing import taxes on several mobile-device components to boost smartphone production. Apple Inc. and other companies are considering India as a global manufacturing base. Prime Minister Narendra Modi’s government announced the lowering of tariffs on components including plastic and metal mechanical parts, SIM sockets, and screws.
Apple is projected to have pipped Samsung for the top spot in terms of revenue with almost one-third of Samsung’s total shipment volume—while Apple is said to have shipped just over 10 million iPhones last year, Samsung shipped over 27.3 million to capture 18% of the market.
According to Counterpoint's report, Apple (AAPL) secured the top position in the smartphone market revenue chart in India for the first time, overthrowing longtime leader Samsung (SMSN.
India's Finance Minister Nirmala Sitharaman will on Thursday present the last federal budget of the current Narendra Modi-led administration before the country heads for polls in the summer.... -January 30, 2024 at 08:55 am EST - MarketScreener