India's smartphone industry grew 23% in Q1; Xiaomi leads : Bulletin: Business Today
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India's smartphone industry grew 23% in Q1; Xiaomi leads

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Rashi Bisaria | April 27, 2021

India's smartphone industry grew 23% in Q1; Xiaomi leads, Samsung second

India's smartphone shipments grew by a robust 23 per cent in the first quarter of calendar year 2021 at over 38 million units, the latest research report by Counterpoint's Market Monitor has said. This was the highest ever first quarter shipment in the country which was boosted by new product launches, promotions and financial schemes, as well as pent-up demand from last year.

30 vaccines to battle COVID by Dec; 5 from India

Indian authorities may be worrying how to inoculate all its citizens above the age of 18 due to COVID-19 vaccine shortage, but there is good news. While 11 COVID-19 vaccines, including India's Covaxin, have already reached the market, at least 17 new COVID-19 vaccines are in the final stage of trials, including two from Indian vaccine makers. The World Health Organisation (WHO)'s data on 'Landscape of candidate vaccines in clinical development' says a total of 91 vaccine candidates have reached the clinical development stage.

Reliance Foundation scales up COVID operations in Mumbai, to manage 875 beds

The Reliance Foundation (RF) on Monday, April 26, said it has scaled up its operations in Mumbai to tackle the growing need for COVID-19 management in the city and "strengthen the government's fight against the pandemic". Reliance Foundation, the philanthropic arm of Reliance Industries Limited (RIL), has undertaken four more initiatives to battle COVID-19 in Mumbai in coordination with the Maharashtra government and Brihanmumbai Municipal Corporation (BMC).

RBI caps bank MD, CEO tenure at 15 yrs, puts upper age limit of 70 yrs

The Reserve Bank of India (RBI) on Monday capped the tenure of MD, CEO and whole-time director (WTD) of private sector banks at 15 years and said the upper age limit for these posts will be 70 years. The central bank's directive is part of the instructions issued by RBI regarding chair and meetings of the boards of banks, composition of certain committees of the board, age, tenure and remuneration of directors, and appointment of WTDs. RBI said it will also issue a Master Direction on Governance for banks.

DGCA extends fare capping on domestic flights, 80% seating limit to continue

The Directorate General of Civil Aviation (DGCA) announced on Monday that it has extended fare capping on domestic flights till May 31. The DGCA has also decided to continue with the 80 per cent limit on domestic flight capacity till May 31, 2021. These announcements have come at a time when the nation is dealing with an unprecedented surge in COVID-19 cases.

US to deliver oxygen equipment, other medical supplies to India 'within next few days', says Pentagon

The Pentagon is working on a war footing to begin delivery of essential medical supplies to India in the next few days, an official said, noting that prominent among these include oxygen-related equipment, rapid testing kits, and personal protective gear. Prime Minister of India Narendra Modi and US president Joe Biden had a "fruitful" telephonic conversation over the coronavirus situation in both countries.

India to be fastest-growing FMCG ad spend market with 14% growth, says report

India will be the fastest-growing market for fast-moving consumer goods (FMCG) food and drink brands' advertising expenditure over the next three years, with ad spend rising 14 per cent per year, according to a report by media agency Zenith, owned by Publicis Groupe. It said the FMCG food and drink brands, which include packaged foods and soft drinks brands, will increase their advertising expenditure on digital channels by 7 per cent per year to 2023 and the digital advertising expenditure will rise from $12.3 billion in 2020 to $14.9 billion in 2023

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