After being burnt with the strict COVID-19 policies of China, once every luxury brand's sales paradise, global houses like Louis Vuitton, Gucci, Dior, Cartier are looking at India as their next stomping ground. According to a Bain & Co. report, India's luxury market could be $200 billion by 2030. One could call the glitzy opening of the Jio World Plaza in Mumbai the beginning of new times. These signs were pointing towards a coverage of this prominent trend. Pankti Mehta Kadakia takes us through the nuances of this shift and the must-read stories from the issue
With Diwali less than a week away, we thought a quick unboxing of Apple's latest iPhone would be interesting, as some of you might be considering upgrades. The phone, with the Titanium design, is lighter by almost 30 grams versus last year's 14 Pro. The design has also allowed Apple to shave off the 15 Pro's width and height almost imperceptibly versus its predecessor, while retaining the 6.1-inch display. And the type-C port and the "action button" are other quick highlights
Apple, last week, reported another quarter of revenue decline, amid heightened global uncertainties, but also another quarter of strong sales in India. "We achieved an all-time revenue record in India," CEO Tim Cook told analysts and investors in a conference on Thursday last week. Apple shipped a record 2.5 million iPhones to India in the three months ended Sep. 30, according to an estimate from Counterpoint Technology Market Research, last week. Industry estimates suggest Apple may end 2023 with as many as 9 million iPhones shipped to India
In the smartphone chip giant's latest annual report on consumer preferences with respect to wireless audio tech, one finding is that people want to use the same device across all use cases, from listening to music or gaming while commuting, and for work. As premium devices expand in capabilities and features, this year's responses suggest that consumers will be willing to spend more on one device which is optimised for multiple purposes, Qualcomm notes in its report
US President Joe Biden yesterday issued an executive order outlining new regulations and safety requirements for artificial intelligence (AI) technologies, as the pace at which such technologies are advancing has been noted by governments around the world. The sweeping executive order addresses various potential harms related to AI technologies and their applications ranging from telecom and wireless networks to energy and cybersecurity. The order introduces a safety measure by defining a threshold based on computing power for AI models
In the smartphone chip giant's latest annual report on consumer preferences with respect to wireless audio tech, one finding is that people want to use the same device across all use cases, from listening to music, or gaming, while commuting, and for work. As premium devices expand in capabilities and features, this year's responses suggest that consumers will be willing to spend more on one device which is optimized for multiple purposes, Qualcomm notes in its report
The digital creator economy in India is close to Rs1200 crore, growing by a CAGR of 25 percent. Does this explain why creating digital content is no longer a hobby but a well-strategised business? Anchoring the second edition of Forbes India and Goat India's Top 100 Digital Stars list for 2023, Naini Thaker gets into the details of the creator economy and the stories you can't miss on this issue
Big changes are coming to H1B visa rules, that could have significant impact for India's $245 billion IT services industry and possibly for startup entrepreneurs as well. The proposed changes are aimed at loopholes such as multiple registrations that improve the chances of an applicant in the lottery system for this non-immigrant visa.
Big changes are coming to H1B visa rules, that could have significant impact for India's $245 billion IT services industry and for startup entrepreneurs as well. The proposed changes are expected to streamline eligibility requirements, boost program efficiency, provide more benefits and flexibility for both employers and workers, and reinforce integrity measures, the US Department of Homeland Security said in a press release Oct. 20
Next year, it's the 10th anniversary of the launch of the 'Make in India' campaign. And as this year's engineering admissions show, computer science remains the hottest area. Reports from states known for their engineering schools, such as Maharashtra and Karnataka show that traditional streams such as civil and mechanical engineering are running large vacancies. Over the next decade, will this not translate to a talent crisis in India, just when the country's manufacturing and infrastructure efforts need to shift to high gear
It's that time of the year when the last of the admissions in India's massive engineering education market get nailed down. And computer science remains the hottest area. Reports from states known for their engineering schools, such as Maharashtra and Karnataka show that traditional streams such as civil and mechanical engineering are running a large number of vacancies. Over the next decade, will this translate to a talent crisis in India, just when the country's infrastructure efforts need to shift to high gear