5G smartphones to capture 50% of global market by 2023: IDC : Bulletin: Business Today
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5G smartphones to capture 50% of global market by 2023: IDC

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BusinessToday.In | August 31, 2020

Indira Gandhi International Airport to see 73% decline in traffic in FY21

Delhi's Indira Gandhi International Airport (IGIA) may witness a massive 73 per cent decline in traffic in the current financial year. It is estimated the passengers' footfall at this airport will be roughly 1.8 crore, down from 6.7 crore in the financial year 2020-2021 due to coronavirus pandemic. Delhi International Airport Ltd (DIAL), which manages IGI, expects that the airport will see recovery by FY24

Paytm Mall data breach: Intelligence firm claims cyber-attack; Paytm denies

Cyble, online cyber risk intelligence firm, has claimed that hackers targeted Vijay Shekhar Sharma-led Paytm Mall recently. The intelligence firm added that a cyber group demanded ransom after gaining unrestricted access to the entire databases of Paytm Mall. However, the online shopping platform has shrugged off all these claims. Last year also, the Paytm group had faced a "fraud" allegedly caused by its employees.

5G smartphones to capture 50% of global market by 2023, says IDC

The worldwide smartphone market is expected to decline 9.5 per cent year over year in 2020 with shipments totaling 1.2 billion units, according to a recent International Data Corporation (IDC) report. The smartphone market, however, is expected to return to a full recovery by 2022 on the back of strong 5G push. As per IDC report, 5G smartphones are expected to capture 50 per cent of the global market by 2023.

Reliance's Rs 24,713 crore deal with Future Retail includes Rs 12,000 crore debt

Mukesh Ambani's Reliance Retail Ventures (RRVL) will hold 13.14 per cent stake in Kishore Biyani's Future Enterprises Ltd (FEL) post the Rs 24,713 crore deal. RRVL will enter into a long term agreement with FEL for sourcing branded fashion and FMCG products. However, FEL will have the freedom to sell their products to other retailers also. According to sources, the value of Rs 24,713 crore includes Rs 12,000 crore debt of Future group.

Warren Buffett buys 5% stakes worth $6.21 billion in Japan's five biggest trading firmsBerkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United States to bolster his conglomerate. In a statement on Sunday, Buffett's 90th birthday, Berkshire said it acquired its stakes in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co Ltd and Sumitomo Corp over approximately 12 months.

COVID-19 wreaks havoc in US! Number of cases reach 6 million; Midwest, schools witness outbreaksUS cases of the novel coronavirus surpassed 6 million as many states in the Midwest reported increasing infections, according to a Reuters tally. Nationally, metrics on new cases, deaths, hospitalizations and the positivity rates of tests are all declining, but there are emerging hotspots in the Midwest.

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