The Economic Times



India's chemical makers may gain from China virus scare

This month’s reduction in the U.S.-China trade tensions has improved the outlook for profit margins and exports at Indian manufacturers after a tepid 2019, the analysts said.

Govt likely to impose restrictions on furniture imports

India's furniture imports stood at $603 mn in 2018-19. Out of this, from China, it wa...

Palm oil imports from Malaysia may hit 9-year low in Jan

In the second week of January New Delhi privately urged palm oil importers to boycot...

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  • Consensus is that the industry benefited from a lucky mix of factors in the oil market.

    Counterpoint Research estimates iPhone shipments to have grown 6% in 2019, though on a smaller base after a 43% decline the year before. For the October-December quarter, it is estimating the growth to be 41%, more than double the pace of the premium smartphone market where it said the expansion was slower than the full year average of 20%.

    JSW Steel on Friday reported 88 per cent fall in consolidated net profit at Rs 211 crore for December quarter compared with a net of Rs 1,624 crore in the same quarter last year. Analysts in an ET NOW poll had estimated the number at Rs 457.10 crore. Net sales fell 12.13 per cent to Rs 17,416 crore from Rs 19,821 crore on a yearly basis.

    iQOO is a sub-brand of Vivo in China but will operate in India as a separate entity. With this, the BBK Group now has five brands -- OnePlus, Vivo, OPPO, Realme and iQOO -- in India. iQOO - which stands for 'I Quest On and On' - will sell its device online initially, and is drawing out plans for offline retail. The company has set up its office in Bengaluru and has an 80-people team.

    The eastern part of UP comprising of 5 districts – Ghazipur, Jaunpur, Chandauli, Mirzapur & Sant Ravidas Nagar which are some of the top producers of fresh fruits & vegetables, such as green chillies, bitter gourd, green peas, mango, guava etc. present an immense opportunity for the farmers and entrepreneurs in and around the region to boost its agro-exports.

    Imports rose 21% in 2019 to 69.51 million tonnes, data from the Central Electricity Authority showed. Adani's "Ultra mega" power plant in Mundra in western India accounted for a fourth of the imports, with its shipments rising 75% to 17.35 million tonnes.

    The global PC market grew 2.3 per cent year-on-year in October-December 2019 with shipment totalling 70.6 million units, data from research firm Gartner showed.

    Iran’s Major General Qasem Soleimani was killed in a US drone attack on Friday.

    “Due to availability of better performance devices, the smartphone market in India has matured, with people holding on to their devices for longer periods. This is the primary reason for slow growth,” said Karan Chauhan, analyst at Counterpoint Market Research.

    India dominates the guar gum industry, commanding about 80 per cent of global production, followed by Pakistan.

    Tensions between the two countries began when Mahathir told the UN that India “invaded” Kashmir.

    Xiaomi and Samsung increased their respective market shares after the festive season from September till November 2019, while BBK Electronics-led Realme became the only brand which lost significant market share for the same period, according to IDC data.

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