Business News
Introduction Apple has always enjoyed a loyal global customer base, but recent numbers from India reveal something remarkable. In Q1 2025, Apple recorded its highest-ever quarterly sales in the country, shipping over 3 million iPhones. This record not only highlights Apple’s growing presence in the Indian market but also underscores the country’s increasing role in…
Introduction India’s steel industry is crucial to its infrastructure and economic growth. To protect it from cheap imports, the DGTR recently proposed a 12% provisional safeguard duty on select steel products for 200 days. This sparked speculation about a possible hike to 20%. However, on April 16, Steel Secretary Sandeep Pondrik stated there’s no reason…
After years of internal wrangling, the high-profile brand dispute between real estate tycoons Abhishek and Abhinandan Lodha has finally come to an end. The brothers, who lead Macrotech Developers and House of Abhinandan (HoABL), respectively, have agreed to amicably settle their differences regarding the usage of the brand name. The settlement was achieved through mediation,…
When it comes to Apple’s global manufacturing strategy, many assume the reason the company builds its iconic iPhones in China is simple: cheap labor. But Apple CEO Tim Cook recently shattered that myth in a 2024 viral video where he explained the real reasons behin Apple’s long-standing reliance on China for production. It has little…
Introduction In a significant breakthrough for dermatological treatments, Sun Pharmaceutical Industries Ltd. has secured legal clearance to launch its much-anticipated drug Leqselvi™ (deuruxolitinib) in the United States. Initially approved by the U.S. Food and Drug Administration (FDA) in mid-2024 for treating severe alopecia areata, Leqselvi’s commercial release was held back due to patent disputes with…
Introduction: In a major shakeup for India’s logistics sector, Delhivery has announced the acquisition of rival Ecom Express for ₹1,407 crore. The move marks a significant turning point in the third-party logistics (3PL) space, where high competition, shrinking e-commerce margins, and rising operational costs have put companies under intense pressure. This acquisition is being widely…
Introduction : In a landmark deal signaling consolidation in India’s logistics sector, Delhivery has acquired Ecom Express for ₹1,407 crore (approx. $165 million)—a steep 80% markdown from the company’s $850 million peak valuation. The surprise acquisition comes after a series of turbulent events at Ecom Express, including failed IPO attempts, the death of a co-founder,…
Introduction Union Commerce Minister Piyush Goyal’s recent remarks urging Indian startups to move beyond food delivery apps and focus on high-tech innovation have stirred up a heated debate in the startup ecosystem. At a Delhi investment summit, Goyal criticized the current trajectory of consumer internet startups and questioned whether India’s entrepreneurial focus should remain on…
BigBasket, one of India’s largest online grocery platforms, is making aggressive moves to stay relevant in the booming quick commerce sector. K Ganesh, the promoter and founder director of BigBasket, recently acknowledged that even the company didn’t anticipate the rapid shift in consumer behavior towards ultra-fast deliveries. The Quick Commerce Boom and BigBasket’s Market Strategy…
The Indian stock market wrapped up the financial year 2024-2025 (FY25) with a 5% gain despite concerns over the economic impact of US President Donald Trump‘s tariff policies. The benchmark indices saw a recovery in March, following five consecutive months of losses, fueled by improving macroeconomic indicators and the return of foreign portfolio investors (FPIs)…