The doors were thrown open to thronging crowds by CEO Tim Cook himself. "The energy, creativity, and passion in Mumbai is incredible," Tim Cook said in a tweet. India has become China-plus one market for Apple to produce iPhones. The U.S. Company now makes almost 7% of its iPhones in India through partners.
Will Apple Stores in India facilitate enhancing its market portion in a nation that has been subjugated in recent years by Samsung and Chinese brands churning out low-to-mid-tier valued devices? Shivanand Pandit tries to find an answer.
AT long last, it’s here. Twenty seven years after Apple arrived India, 23 years from the time it started its maiden retail storehouse in the USA, and over two years after Apple’s online store was opened in the country, the physical Apple Store has arrived on Indian shorelines. On April 18, people aligned to click selfies with Apple CEO Tim Cook, who was in India at the inauguration of the maiden storehouse in Mumbai’s Bandra-Kurla Complex (BKC). Two days after throwing open the doors of the BKC store, Apple’s most supportable company-owned storehouse to date, the Cupertino-based tech titan greeted people into its storehouse in Delhi’s Saket.
Parenthetically, this was Cook’s second visit to India ever since he took over as CEO. And the Apple CEO had a chockfull agenda, meeting Reliance Industries Chairman Mukesh Ambani and Tata Sons Chairman N. Chandrasekaran in Mumbai followed by a parley with the Prime Minister, Union Minister of Railways, Communications, Electronics and Information Technology, and Minister of State of the Ministry of Electronics & Information Technology. Cook was also seen with personages like Bollywood actresses Madhuri Dixit, Raveena Tandon, and former cricketer Anil Kumble.
Denne historien er fra May 2023-utgaven av Indian Economy & Market.
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Denne historien er fra May 2023-utgaven av Indian Economy & Market.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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NEW INVESTMENT PRODUCT CATEGORY IS SEBI'S LATEST MOVE COMMENDABLE?
The Securities and Exchange Board of India (SEBI) has introduced a consultation paper proposing a new investment product category aimed at addressing a specific market need. This proposed asset class would offer investment options that sit between mutual funds (MFS) and PMS, filling a gap and providing greater flexibility in portfolio management. The new investment vehicle is designed for investors who are prepared to take on riskier market positions but find PMS schemes or AIFs out of reach. SEBI after reviewing the feedback and finalizing the regulations through stakeholder discussions, may issue the final regulations.
DECODING THE CHINA MYTH
Myths die hard. Among these is the great myth that China's poised to take over the world. Here, James Rickards debunks that myth.
What Is In Store For The Indian Economy?
Until the 2014 Lok Sabha elections, when the Bharatiya Janata Party secured 282 seats and Narendra Modi ascended to power, India experienced 21 years of coalition governments. A decade later, the BJP holds 240 seats in the Lok Sabha, and India is once again governed by a coalition. Fitch has indicated that coalition politics and a weakened mandate for the NDA could hinder the passage of ambitious reform legislation. It raises the question: Do coalition governments impede the economic reform agenda?
Transforming The Indian Stock Market
With a rising number of millennials, Gen Z investors, and tech-savvy traditional investors, Robo advisors are making a significant impact on the FinTech and WealthTech sectors. Factors like growing per capita income, favourable demographics, and increasing smartphone and internet Usage further enhance India’s potential as a robust market. Al’s role in stock market analysis is unquestionably growing. It enhances rather than replaces human judgment, providing powerful tools for informed investment decisions.
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Face to Face
\"We believe ourselves to be service providers and not any goods manufacturer\"
THE REALITY OF CORPORATE ESG INITIATIVES
Today, environmental, social, and governance (ESG) considerations dominate business discussions and have become an integral part of the strategies of many organisations in different industries. While some companies are grappling with these new standards and commitments, others, already aligned with the Sustainable Development Goals (SDGs), are well prepared to meet the evolving regulations and standards related to corporate social responsibility (CSR) and ESG.
Standard Capital Markets Ltd. Incorporates Subsidiary for Insurance Broking
Standard Capital Markets Ltd., a leading player in the financial services sector, has announced that it has incorporated a subsidiary under the name of “Standard Insurance Broking Ltd.” to act as a Direct broker under the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018.NOC of Insurance Regulatory and Development Authority of India already taken and now company will also apply for taking Insurance Broking License of Insurance Regulatory and Development Authority of India (IRDAI).
THE IMMINENT MIDDLE EAST WAR
Recent intelligence from a variety of sources points to an Israeli war against Hezbollah, which is an Iranian proxy. Hezbollah is systematically attacking Israeli bases, radars, intelligence-collections facilities and other defense system components. Now the attacks are spreading to include Israeli settlements in the West Bank and Galilee. You’re just not hearing about it in the mainstream media. These attacks have three effects: They break down Israeli military and intelligence systems, terrorize the civilian population and handicap Israel’s ability to conduct air attacks on Syria or Lebanon. James Rickards points out why all these are imminent.
