Network infrastructure and 5G technology provider Nokia has signed a new long-term patent license agreement with Apple to replace the current deal between the two companies that is set to expire at the end of 2023.
US lawmakers and industry leaders have welcomed the announcement of an agreement with India to end the retaliatory tariffs placed on American apples and pulse crops which New Delhi will now give access to American agricultural producers and manufacturers to the country's huge market.
Buoyed by friendly govt policies and PLI scheme, India is set to cross Rs 1,20,000 crore in mobile exports in the current fiscal year (FY24), driven by Apple
Read more about Hong Kong Market extends losses to sixth day on Business Standard. At closing bell, the benchmark Hang Seng Index declined 0.13%, or 38.75 points, to 28,742.63. The Hang Seng China Enterprises Index dropped 0.23%, or 24.77 points, to 10,704.75.
Read more about Hyundai to slash its combustion engine line-up, invest in EVs: Sources on Business Standard. The move is expected to result in a 50% reduction in models powered by fossil fuels
The Indian wearables market grew 170.3 per cent year-on-year to a record 11.4 million units in the March 2021 quarter, as per research firm IDC. Strong momentum in the watch and earwear categories led to the highest-ever first-quarter shipments in India , IDC said in a statement. Watches grew 463.8 per cent y-o-y ( year-over-year ) in the first quarter of 2021 to become the fastest-growing category in wearables, replacing earwear which also maintains a triple-digit growth in the quarter under review, it added. The overall wristwear category, which includes wrist bands and watches, grew 74.8 per cent y-o-y in the said quarter, reflecting the growing popularity of fitness and health tracking devices in the country.
SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 188 points at the opening bell. On the coronavirus front, investors continue monitoring the Covid situation in India as the country continues to battle a deadly second wave of infections. Authorities reported 392,488 new cases in the previous 24 hours to push total cases to 19.56 million. So far, the virus has killed 215,542 people. On the political front, election results 2021 for West Bengal, Assam, Tamil Nadu, Kerala and Puducherry assemblies were declared on Sunday (May 2). The TMC managed a landslide victory in West Bengal, the same as DMK in Tamil Nadu and Left-led LDF in Kerala. The BJP managed to retain power in Assam and cruised to victory in Puducherry.
Benchmarks traded sideways with modest losses in mid morning trade. The Nifty hovered near the 14,550 level. FMCG and metal stocks bucked the weak market trend. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment. At 11:23 IST, the barometer index, the S&P BSE Sensex, was down 346.65 points or 0.71% at 48,435.12. The Nifty 50 index declined 87.45 points or 0.6% at 14,543.10. In broader market, the S&P BSE Mid-Cap index was down 0.42% while the S&P BSE Small-Cap index was up 1.01%. The market breadth was positive. On the BSE, 1534 shares rose and 1193 shares fell. A total of 163 shares were unchanged.
The benchmark indices were trading in a narrow range with modest losses in afternoon trade. The Nifty was trading below 14,550 mark. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment. At 13:20 IST, the barometer index, the S&P BSE Sensex, tumbled 330.44 points or 0.68% at 48,451.92. The Nifty 50 index lost 81.80 points or 0.56% at 14,549.30. Reliance Industries (RIL) (down 1.89%), HDFC Bank (down 1.38%) and ICICI Bank (down 1.67%) were major drags. In the broader market, the S&P BSE Mid-Cap index skid 0.48%. The S&P BSE Small-Cap index added 1.17%. Buyers outpaced sellers. On the BSE, 1,621 shares rose and 1,277 shares fell. A total of 179 shares were unchanged.