Tag Archives: Record

Trump tax bill drives world markets to record highs – business live

The New York Stock Exchange. Photograph: Drew Angerer/Getty Images City unhappy about Barnier’s Brexit views Britain’s financial sector has reacted badly to the news that Brussels won’t accept a special deal for the City of London after Brexit. Michel Barnier, the EU’s chief negotiator, told the Guardian that the UK couldn’t have a bespoke deal that gave preferential treatment to certain ... Read More »

Alphabet Sees Boost in Mobile Ads as It Takes Hit From Record EU Fine on Google

Google parent Alphabet on Monday saw shares slide as the market reacted to a massive fine by the European Commission and word that success in mobile, cloud and YouTube is coming with higher costs. Alphabet reported a quarterly profit of $3.5 billion (roughly Rs. 22,532 crores), in a sharp decline from a year ago, with a $2.74 billion antitrust fine in Europe biting into earnings. The technology giant reported ... Read More »

Record venture capital cash floods into car technology

The funding of car technology-related start-ups reached an all-time high of $1.6bn during the first half of this year © AP A new wave of venture capital focused on the car technology sector is sweeping across Silicon Valley, with $220m in new funding announced this week by two separate groups, the Toyota Research Institute and AutoTech Ventures. The latest investment ... Read More »

Apple Hits Record High but Leaves Some Investors in Dust

Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion (roughly Rs. 13,38,94,055 crores) mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker. The largest component of the S&P 500 and a core holding ... Read More »

Apple Reports Record $78.4 Billion in Revenue; iPhone Sales at an All-Time High of 78.3 Million Units

Apple on Tuesday reported a rebound in iPhone sales to lift the tech giant to record revenue in the past quarter in quarterly results that eased concerns of slowing growth. The results showed strong demand for Apple’s iPhone 7 models launched last year, with demand outpacing supply. Revenue climbed to an all-time record $78.4 billion (roughly Rs. 5,30,498 crores) compared ... Read More »

Samsung Reports Jump in Q4 Profits as Record Chip Earnings Mask Galaxy Note 7 Failure

Samsung Electronics said Tuesday that its fourth-quarter profit more than doubled over a year earlier thanks to record-high earnings from its brisk memory chip business and strong smartphone sales despite costly Galaxy Note 7 recalls. The South Korean company said Tuesday it posted KRW 7.1 trillion ($6.1 billion or roughly Rs. 41,539 crores) in net income during the October-December period, ... Read More »

WhatsApp Used to Send a Record 14 Billion Messages on New Year’s Eve in India

On New Year’s Eve, 14 billion messages were exchanged through WhatsApp in India, 32 percent of which were in some form of media – photos, GIF images, videos, and voice messages, the Facebook-owned instant messaging app said on Friday. The number of messages shared on the platform on New Year’s Eve is even higher than the last record set during ... Read More »

Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government

s New Delhi: To avoid any malpractices, the government has asked all public sector banks to strictly maintain a record of deposits made through both old Rs. 500 and Rs. 1,000 notes and other valid currencies. In a letter written to chief executive officers of public sector banks, the Finance Ministry asked that “maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as ... Read More »

Black Friday’s Record Sales Driven by Mobile Devices, Finds Report

In a first, online shopping on Black Friday is estimated to have hit the $3 billion mark in the US with a major chunk of the total sales coming from mobile devices, a report said on Saturday. Adobe Digital Insights, which has been tracking e-commerce transactions, estimated sales of $3.05 billion (roughly Rs. 20,918 crores) on Black Friday 2016 – ... Read More »

Xiaomi Redmi Note 3 Quarterly Shipments Hit Record 880,000 Units

Xiaomi on Monday announced it had shipped 1.75 million units of the Redmi Note 3 in just five months. The company also pointed to a recent IDC report that said it had shipped 880,000 units of the smartphone in the online channel in Q2 2016 – which it claims is almost twice the volume of the next-highest shipped smartphone in ... Read More »