Union Minister of Communications Jyotiraditya Scindia on Monday stated that <keyword id="19916120" type="General" weightage="20" keywordseo="5G" source="keywords">5G</keyword> technology is expected to inject around $450 billion into the <keyword id="19948184" type="General" weightage="20" keywordseo="Indian-economy" source="keywords">Indian economy</keyword> by 2040. The minister highlighted this during his address at the Global Standards Symposium at Bharat Mandapam in New Delhi, one of the world's largest telecom events. He said, "In India alone, for example, 5G is anticipated to inject an astounding 450 billion dollars into the economy by 2040." The minister emphasized that 5G is not just about faster internet or low latency, but is laying the groundwork for <keyword id="20006420" type="General" weightage="20" keywordseo="smart-cities" source="keywords">smart cities</keyword>, advanced infrastructure, and autonomous innovations. Scindia further noted that 5G has already been rolled out across all 36 states and Union Territories, covering 98 per cent of districts and 80 per cent of the population in just 22 months. He said this achievement showcases not only India's technological prowess but also the transformative power of standardized innovation. He added "We are unlocking new Reims of possibility in health care, education and agriculture and Manufacturer" The minister stressed the importance of international collaboration in unlocking the full potential of technologies like 5G, <keyword id="19904566" type="General" weightage="20" keywordseo="artificial-intelligence" source="keywords">artificial intelligence</keyword> (AI), and the Internet of Things (IoT). He stated that the global standards are key to ensuring that these technologies work harmoniously across borders. "The import of dialogue cannot be overstated. The wonders of 5G the brilliance of artificial intelligence and the interconnected marvels of the Internet of Things. Things are transforming industries, societies and manufacturing processes and economies on a global scale," he said. Scindia also pointed out the need for robust governance in emerging technologies like AI and IoT, emphasizing the importance of ethical considerations and regulatory frameworks to address concerns around privacy, bias, and transparency. He called for a comprehensive policy framework to ensure that future innovations, such as the upcoming 6G technology, benefit everyone equitably and do not deepen existing digital divides. "We are today poised at the edge of a new technological era, the dawn of the 6th generation of mobile network 6G and this is a gateway to the future where communication will become boundless where innovation will know no limits and by humanity, interconnectedness becomes the corner stone of our shared global destiny" he said. Scindia also urged the global community to work together in setting standards and nurturing partnerships that will define the future technological landscape, ensuring technology serves as a force for good. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank">Samsung leads the first phase of festive sales with a 20% market share</a>

5G to inject $450 billion into Indian economy by 2040: Telecom Minister Scindia

<ul><li>Apple has launched the <keyword id="23558830" type="General" weightage="20" keywordseo="iPad-mini" source="keywords">iPad mini</keyword> (2024) in India.</li><li>The iPad Mini is available is priced starting at ₹49,900 and is priced starting at ₹49,900.</li><li>Here’s everything you need to know about the latest offering from Apple.</li></ul> Cupertino tech giant Apple today launched the iPad mini, the company’s latest version of its compact iPad globally on Tuesday. This is the first update to the iPad mini lineup since 2021. The latest iPad mini is powered by the company’s A17 Pro chipset, which powered the iPhone 15 Pro models. The iPad mini (2024) will also support Apple Intelligence as they are rolled out by Apple. The company has finally increased the storage of the base variant from 64GB on the outgoing model to 128GB. <h2><keyword id="1959801" type="General" weightage="20" keywordseo="Apple-iPad-mini-price-in-india" source="Orion">Apple iPad mini price in India</keyword></h2><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wi-Fi </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wi-Fi + Cellular </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">128GB </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹49,900 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">128GB </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹64,900 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">256GB </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹59,900 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">256GB </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹74,900 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">512GB </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹79,900 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">512GB </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹94,900 </td></tr></tbody></table> The iPad mini comes in Blue and Purple, Space Grey and Starlight colour options. It is available from the Apple Online Store, Apple Store and Apple Authorised Resellers in the country. <div type="Article" hostid="261" msid="113204340" title="iPhone 16 Pro and iPhone 16 Pro Max with bigger displays, A18 Pro chipset launched starting at ₹1,19,900" mstype="2" mssubtype="0"></div> The Apple Pencil Pro is priced at ₹11,900 and the Apple Pencil (USB-C) is priced at ₹7,900. The new Smart Folio, which comes in Charcoal Grey, Light Violet, Denim and Sage colour options is priced at ₹6,500. <keyword id="1131440" type="General" weightage="20" keywordseo="Apple-iPad-mini" source="Orion">Apple iPad mini</keyword> features The seventh-gen iPad mini retains the same 8.3-inch Liquid Retina display with a resolution of 2266 x 1488 pixels and 500 nits brightness. It supports the Apple Pencil Pro which was launched earlier this year. The iPad mini is powered by the A17 Pro chipset, which comes with a 6-core CPU that offers 30% improved performance over its predecessor and a 5-core GPU that offers 25% improved performance. It comes in three storage variants – 128GB, 256GB and 512GB. <div type="Article" hostid="261" msid="113203568" title="iPhone 16, iPhone 16 Plus with A18 chipset launched starting at ₹79,900" mstype="2" mssubtype="0"></div> The chipset brings ray tracing, Dynamic Caching and hardware-accelerated mesh shading, enabling an enhanced gaming experience. The iPad mini features a 12MP wide-angle camera at the back, with f/1.8 aperture, Smart HDR 4 support, and autofocus. On the front, the device features a 12MP ultra-wide-angle camera with f/2.4 aperture, Smart HDR 4 and Centre Stage support. The device comes with stereo speakers and dual microphones for calls. It also comes with TouchID support for authentication. The iPad Mini features a USB 3.0 Type-C port with DisplayPort. <div type="Article" hostid="261" msid="113220789" title="iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper" mstype="2" mssubtype="0"></div> The device is powered by a 19.3-watt-hour lithium-polymer battery that is claimed to offer up to 10 hours of usage. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/global-smartphone-shipments-record-4-growth-in-q3-2024-samsung-leads-the-market/articleshow/114241402.cms">Global smartphone shipments record 4% growth in Q3 2024, Samsung leads the market</a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a>

Apple iPad mini with A17 Pro chip launched starting at ₹49,900

The <keyword id="20364239" type="General" weightage="100" keywordseo="Wholesale-Price-Index" source="keywords">Wholesale Price Index</keyword> (WPI) data for <keyword id="21424303" type="General" weightage="20" keywordseo="September-2024" source="keywords">September 2024</keyword>, records an <keyword id="20580511" type="General" weightage="20" keywordseo="annual-inflation-rate" source="keywords">annual inflation rate</keyword> of 1.84%, based on the 2011-12 base year. According to the Ministry of Commerce and Industry, the positive rate of inflation is attributed primarily to higher prices in food articles, food products, and the manufacturing sectors, including motor vehicles, trailers, machinery, and equipment. In terms of the overall WPI, the index for all commodities reached 154.6 in September 2024, registering a modest monthly increase of 0.06% from the 154.5 recorded in August. Compared to the same period last year, the annual inflation rate showed an uptick, climbing from 1.31% in August to 1.84% in September. The category of Primary Articles, which carries a weight of 22.62%, saw the index rise by 0.41% to 195.7 in September from 194.9 in the previous month. On an annual basis, inflation for primary articles surged significantly to 6.59%, up from 2.42% in August. Within this group, prices of minerals increased by 1.83%, non-food articles by 1.31%, and food articles by 0.86%. Conversely, the prices for crude petroleum and natural gas experienced a marked decline of 5.74% compared to the preceding month. The <keyword id="23539654" type="General" weightage="20" keywordseo="Fuel-and-Power" source="keywords">Fuel and Power</keyword> segment, accounting for 13.15% of the index, recorded a decrease of 0.81% in September, bringing the index down to 146.9 from 148.1 in August. The deflationary trend in this category intensified, with the annual inflation rate dropping to -4.05%, a deeper decline from -0.67% in the previous month. The decrease in mineral oil prices by 1.72% largely contributed to this downward movement, while electricity prices registered a slight increase of 1.34%, and coal prices remained stable. In the Manufactured Products category, which has the largest weight of 64.23%, the index inched up by 0.14% to 141.8 in September. However, the annual inflation rate for manufactured products softened to 1.00%. Out of 22 sub-categories, 10 saw price increases, including food products, wearing apparel, and electronic products. On the other hand, prices declined in areas such as basic metals, textiles, chemicals, and fabricated metal products. A significant factor contributing to the overall inflation rate was the sharp rise in the <keyword id="22052806" type="General" weightage="20" keywordseo="WPI-Food-Index" source="keywords">WPI Food Index</keyword>, which encompasses both 'food articles' from the primary category and 'food products' from the manufactured category. The Food Index climbed from 193.2 in August to 195.3 in September. This surge pushed the annual inflation rate for food items to a notable 9.47%, up from 3.26% the previous month, indicating a substantial increase in <keyword id="19960157" type="General" weightage="20" keywordseo="food-prices" source="keywords">food prices</keyword>. The data further highlighted month-over-month trends over the past six months. April and July saw notable growth in wholesale prices, whereas August experienced a contraction before a modest rebound in September. The Primary Articles category exhibited significant monthly growth in April (2.13%) and July (2.86%), followed by a decrease in August (-1.47%). Fuel and Power continued to show a pattern of contraction, with the exception of a slight rise in July (0.88%). In Manufactured Products, there were minor variations, with no significant peaks or troughs during the period. The WPI for September 2024 was compiled based on an 86.3% weighted response rate, while the final figure for July 2024 relied on a 96.0% response rate. According to the revision policy, provisional figures undergo updates after a period of 10 weeks. The next WPI release, covering October 2024, is scheduled for November 14, 2024. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank">Samsung leads the first phase of festive sales with a 20% market share</a>

Wholesale Price Index records 1.84% inflation in September 2024 amid rising food prices

The sale of residential units in India surged by 17 per cent year-on-year (YoY) during the first nine months of 2024 (January to September), according to JLL, a <keyword id="19895040" type="General" weightage="20" keywordseo="real-estate" source="keywords">real estate</keyword> company. It also highlighted that 85 per cent of the total <keyword id="21196524" type="General" weightage="20" keywordseo="residential-sales" source="keywords">residential sales</keyword> projected for 2023 have already been achieved within the first nine months of this year, with a total of 229,908 units sold during this period. "Housing sales have recorded sustained momentum during the nine-month period and were up by 17 per cent compared to the same period last year," said JLL. As per the data by JLL, the premium and luxury segments saw the highest growth in sales. Premium projects (Rs 3-5 crore) witnessed a 107 per cent Y-o-Y surge, while luxury projects (Rs 5 crore and above) experienced a 96 per cent increase. "There has been a significant growth in the premium and luxury segment sales compared to the same period in 2023. With change in lifestyle preferences of buyers, there has been a noticeable increase in the demand for high-value projects, especially after the pandemic" added JLL. It also added that during the nine-month period of 2024, around 39 per cent of the residential sales were in the mid segment (Rs 50 lakh1 crore), closely followed by upper-mid segment (Rs 1-3 crore) holding a 35 per cent share. It noted that the cities of Bengaluru and Mumbai accounted for 44 per cent of the residential sales from January to September 2024. In Q3 2024 alone, a total of 74,987 units were sold, marking a moderate 8 per cent growth compared to the same period last year. While Mumbai, Bengaluru, and Delhi NCR collectively represented 62 per cent of the quarterly sales, the demand for luxury homes continued to rise, with 15 per cent of the total homes sold during the quarter falling within the Rs 3 crore and above price range. "Residential sales during the first nine months of 2024, achieving 85 per cent of the volume recorded during the entire year of 2023, speak largely about the robust sales traction across the top 7 cities. This indicates a strong revival of buyer confidence in projects, even in their early stages," said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. With <keyword id="20074590" type="General" weightage="20" keywordseo="housing-demand" source="keywords">housing demand</keyword> on the rise since Q2 2022, capital values have been steadily increasing, and prices are expected to remain on an upward trend due to high-quality launches. The company also noted that the reputed developers are expected to continue driving demand through the announcement of new projects in prime locations and growth corridors in the near to medium term. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a><a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-september-2024-maruti-suzuki-dominates-with-seven-cars/slidelist/114112295.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-september-2024-maruti-suzuki-dominates-with-seven-cars/slidelist/114112295.cms" target="_blank">Top selling cars in India in September 2024 – Maruti Suzuki dominates with seven cars</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank">Samsung leads the first phase of festive sales with a 20% market share</a>

Sale of residential units up by 17% YoY, significant growth in luxury housing sales: JLL report

<ul><li>The global <keyword id="20211456" type="General" weightage="100" keywordseo="smartphone-shipments" source="keywords">smartphone shipments</keyword> reported a growth of 4% in <keyword id="23421619" type="General" weightage="20" keywordseo="Q3-2024" source="keywords">Q3 2024</keyword>.</li><li>316.1 million smartphones were shipped across the world in Q3 2024.</li><li><keyword id="19897758" type="General" weightage="20" keywordseo="Samsung" source="keywords" meta.keywordsubtype="org" meta.entityname="Samsung" meta.hostid="261" meta.entityid="Samsung">Samsung</keyword> emerged as the leader with an 18.3% <keyword id="20038792" type="General" weightage="20" keywordseo="market-share" source="keywords">market share</keyword>, followed by <keyword id="19894961" type="General" weightage="20" keywordseo="Apple" source="keywords" meta.keywordsubtype="org" meta.entityname="Apple" meta.hostid="261" meta.entityid="Apple">Apple</keyword> and <keyword id="19901379" type="General" weightage="20" keywordseo="Xiaomi" source="keywords" meta.keywordsubtype="org" meta.entityname="Xiaomi" meta.hostid="261" meta.entityid="Xiaomi">Xiaomi</keyword>.</li></ul>Worldwide smartphone shipments continued to grow in Q3 2024, marking the fifth consecutive quarter to record an increase in smartphone shipments. Four out of the top five smartphone makers have recorded growth in this quarter. According to a report by the International Data Corporation (IDC), 316.1 million smartphones were shipped worldwide in Q3 2024, marking a 4% year-on-year growth. “Led by strong growth from Chinese vendors like vivo, OPPO, Xiaomi, Lenovo and Huawei, the smartphone market shows resilience despite global economic headwinds," said Will Wong, senior research manager, IDC. <h2>Smartphone shipments Q3 2024</h2><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2024 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2023 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">57.8 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">59.5 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">56 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">54.1 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.50% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">42.8 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">41.5 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.30% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oppo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.8 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">27.2 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.90% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vivo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">27 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">22 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">22.80% </td></tr></tbody></table> Source: IDC, shipment in millions Korean smartphone maker Samsung continues to lead the <keyword id="20214327" type="General" weightage="20" keywordseo="global-smartphone-market" source="keywords">global smartphone market</keyword> despite a decline in shipments. The company shipped 57.8 million devices in Q3 2024, down from 29.5 million devices shipped in Q3 2023, recording a 2.8% decline in shipments. Apple is a close second, with 56 million devices shipped in Q3 2024, up from 54.1 million devices shipped in Q3 2023, registering a 3.5% growth. <div type="Article" hostid="261" msid="114070723" title="Samsung leads the first phase of festive sales with a 20% market share" mstype="2" mssubtype="0"></div> Xiaomi takes the third spot in Q3 2024, shipping 42.8 million devices, up from 41.5 million devices shipped in Q3 2023, registering a 3.3% year-on-year growth. Oppo, which is in the fourth position shipped 28.8 million devices in Q3 2024, up from 27.2 million devices shipped in Q3 2023, registering a 5.9% growth. Chinese smartphone maker Vivo recorded the highest growth in Q3 2024, shipping 27 million devices, up from 22 million devices shipped in Q3 2023, registering a 22.8% year-on-year growth. "While the growth of the Chinese players in emerging markets has been an ongoing theme this year, Apple also enjoyed a 3.5% YoY growth in shipments this quarter fueled by strong demand from the previous models and the launch of the new iPhone 16 lineup,” said Nabila Popal, research director for Worldwide Client Devices. <h2> Smartphone Market Share Q3 2024</h2> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2024 market share </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">18.30% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.50% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oppo </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.10% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vivo </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.50% </td></tr></tbody></table> Source: IDC Samsung continues to lead the market with an 18.3% market share in Q3 2024, followed closely by Cupertino tech giant Apple with a 17.7% market share. Xiaomi is a distant third with a 13.5% market share. "In Q3 2024, older iPhone models, specifically the iPhone 15, performed exceptionally well due to the heavy promotions and increased marketing activities around Apple Intelligence,” Popal added. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-september-2024-maruti-suzuki-dominates-with-seven-cars/slidelist/114112295.cms">Top selling cars in India in September 2024 – Maruti Suzuki dominates with seven cars</a>

Global smartphone shipments record 4% growth in Q3 2024, Samsung leads the market

<ul><li>Stock markets opened marginally up on Monday, starting the week on a cautious note.</li><li>Experts noted that the effect of the Chinese stimulus and <keyword id="20064250" type="General" weightage="20" keywordseo="geopolitical-risks" source="keywords">geopolitical risks</keyword> in <keyword id="19991358" type="General" weightage="100" keywordseo="Indian-markets" source="keywords">Indian markets</keyword> is slowing.</li><li><keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword>, <keyword id="20032279" type="General" weightage="20" keywordseo="HCL-Technologies" source="keywords" meta.keywordsubtype="org" meta.entityname="HCL Technologies" meta.hostid="261" meta.entityid="HCL Technologies">HCL Technologies</keyword> and Angel One are the major companies set to announce their quarterly results today.</li></ul>On Monday, the stock markets started the week cautiously, with both indices showing small gains. The <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> index went up by 59.20 points and opened at 25,023. The BSE <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> index also did well, going up by 0.24% or 195 points to open at 81,576.93. Experts say that the Chinese stimulus and the world's politics are having less of an effect on Indian markets. But the upcoming US presidential election is making the world more volatile, so the markets won't be able to relax anytime soon. "Chinese stimulus boost is wearing thin but Indian markets are not benefitting for now. Earnings will be drivers of the Indian markets this week. The geopolitical risks have reduced slightly with a relatively calm weekend in the Middle East. October has played out to the US Presidential cycle historical performance. Expect more volatility going into the tight US race and a relief rally post the Nov 5th vote" said Ajay Bagga, Banking and Market Expert. The equity market experienced a surge in prices today, with all sectors demonstrating a positive trend from the outset. Nifty Media emerged as the standout performer, registering a significant increase of 0.55% at the opening bell. Investors are advised to closely monitor the performance of Reliance Industries, HCL Technologies, Angel One, and Alok Industries. These companies are scheduled to release their quarterly financial results later today. "Nifty continues to remain in a range of 24800 to 25200. However, FIIs long continue to be at 36% indicating the rise of net shorts which can see a selling pressure in indices at resistances. For any short covering in Nifty, it has to cross the 25300+ level for the same. However, were the support of 24800/24750 to break, a fresh round of selling can be witnessed towards the 24500/24300 range" said Soni Patnaik, AVP, Derivatives Research Analyst, JM Financial Services. In other Asian markets on Monday, Hong Kong's Hang Seng index was down by 1.21%, along with Taiwan's Taiwan Weighted, which was also down marginally. South Korea's KOSPI index gained 1% at the time of filing this report. <h2>FPIs turn net seller in October</h2>Foreign investors turned net sellers in October, withdrawing shares worth ₹58,711 crore in the month so far owing to the escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of ₹57,724 crore in September. Looking ahead, global factors such as geopolitical developments and the future direction of interest rates will play a crucial role in determining the flow of foreign investments into the Indian equity markets, as per Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India. The geopolitical crisis has also led to a sharp rise in Brent crude oil prices from $69 per barrel on Sep 10 to $79 per barrel on Oct 10, which poses inflationary risks and increases the fiscal burden for India, he added. With inputs from agencies. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-september-2024-maruti-suzuki-dominates-with-seven-cars/slidelist/114112295.cms">Top selling cars in India in September 2024 – Maruti Suzuki dominates with seven cars</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms">Samsung leads the first phase of festive sales with a 20% market share</a>

Nifty, Sensex open with gain: experts note reduction of geopolitical risks on markets

<ul><li>Hyundai Motor India, the country’s biggest IPO is currently underway.</li><li>Ahead of the company’s listing, we look at how some of the country’s biggest IPOs have performed.</li><li>Five out of six biggest IPOs in the country have listed at a discount.</li></ul>Hyundai Motor India is raising funds through an IPO, the country’s biggest IPO so far. There have been several large initial public offerings (IPOs) over the years, from the state-owned Life Insurance Corporation of India to the payments platform Paytm. Still, nothing comes close to what Hyundai is looking for. There have been six IPOs so far in India above the ₹10,000 crore mark and their performance has left a bad taste in the mouth for investors. Five out of the six companies that have raised over ₹10,000 crore from their IPO have listed at a discount, making it difficult for investors to exit. Hyundai seems to be heading a similar way, as its grey market premium (GMP) has completely eroded, with investors being sceptical about the country’s biggest IPO. In addition to the huge amount that the company is looking to raise, aspects such as increased competition in the auto sector, poor sales over the past few months and the IPO being an offer for sale (OFS) have impacted the prospects. In this post, we look at how the biggest IPOs in India’s history have performed so far. <h2>Here’s how India’s biggest IPOs have performed</h2> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue price </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing day close </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Return </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">LIC </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹949 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹875.45 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹73.55 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paytm </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,150 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,564.14 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹585.86 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹245 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹342.35 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹97.35 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Power </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹450 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹372.5 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹77.5 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GIC </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹912 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹870.4 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹41.6 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Cards </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹755 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹683.2 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹71.8 </td></tr></tbody></table> <h3>Life Insurance Corporation of India</h3>State-owned Life Insurance Corporation of India (LIC), which till recently held the title of the biggest IPO in India failed to impress investors. The ₹21,008 crore IPO, which had an upper price band of ₹949 was subscribed 2.95 times. On the listing day, LIC’s shares closed at ₹875.45, at a discount of ₹73.55, giving IPO investors a loss of 7.75%. <h3>Paytm</h3>The IPO of One97 Communications, the parent company of Paytm is one for the history books. The company’s ₹18,300 crore IPO, which had an offer price of ₹2,150 closed at ₹1,564.15 on listing day, ₹585.56 less than the offer price, giving a listing day loss of 27.25%. <h3><keyword id="19903245" type="General" weightage="20" keywordseo="Coal-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Coal India" meta.hostid="261" meta.entityid="Coal India">Coal India</keyword></h3>Coal India is the only exception to the list as it is the only company that opened higher than its offer price, giving investors a profitable exit. The company’s ₹15,199.44 crore IPO was subscribed 15.2 times. Coal India’s shares, which had an offer price of ₹245 closed at ₹342.35 on listing day, at a gain of ₹97.35 to investors, a 39.73% profit. <h3><keyword id="20024191" type="General" weightage="20" keywordseo="Reliance-Power" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Power" meta.hostid="261" meta.entityid="Reliance Power">Reliance Power</keyword></h3>Anil Ambani-owned Reliance Power’s ₹11,563.2 crore IPO, which was oversubscribed by 73 times amid much fanfare had a disastrous listing. The company’s share, which had an offer price of ₹450, closed at ₹372.5 on listing day, at a discount of ₹77.5 from the offer price, a loss of 17.22%. <h3>General Insurance Corporation of India</h3>General Insurance Corporation of India (GIC), which had an ₹11,175.84 crore IPO was subscribed 1.3 times. It had an offer price of ₹912 but closed at ₹870.40 on listing day, at a discount of ₹41.6 from the offer price, a loss of 4.56%. <h3><keyword id="20063178" type="General" weightage="20" keywordseo="SBI-Cards" source="keywords" meta.keywordsubtype="org" meta.entityname="SBI Cards" meta.hostid="261" meta.entityid="SBI Cards">SBI Cards</keyword></h3>The ₹10,354.77 crore IPO of SBI Cards was subscribed 26.5 times. The company’s share, which had an offer price of ₹755 closed at ₹683.20 on listing day, at a discount of ₹71.8 from the offer price, at a loss of 9.51%. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-swiggy-ather-upcoming-large-ipos-in-india/slidelist/114014140.cms">Hyundai To Swiggy: Everyone wants to cash in on the IPO bonanza</a>

Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared

<ul><li><keyword id="19906087" type="General" weightage="20" keywordseo="hyundai" source="keywords">Hyundai</keyword> Motor India Limited is set to debut in India's stock market.</li><li>The IPO will open on October 15, making it the first car company in over two decades to go public in India.</li><li>Here’s everything you need to know about the South Korean automaker ahead of its IPO.</li></ul> Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai Motor Company is all set to make its stock market debut in India as its initial public offering (IPO) opens on October 15. This will be the first market outside South Kores where the country is listed. Hyundai, which entered the Indian market in 1996 is one of the top automakers in India, moving between the second and third spots. The company emerged as the second biggest automaker in Hyundai. Since it entered the Indian market, the company has sold over 80 lakh cars in the country. Hyundai intends to establish India as a global manufacturing and export hub for the company and this might be an initial step in this direction. KFin Technologies is the registrar for the public issue and advisors for the issue include Kotak Investment Banking, Citi, HSBC, JP Morgan and Morgan Stanley. <h2>India’s biggest IPO</h2>Hyundai India is looking to raise ₹27,870 crore from the IPO, significantly higher than the ₹21,008 crore raised by the state-owned Life Insurance Corporation of India (LIC) in 2022, making it the biggest IPO in India’s history. <div type="Article" hostid="261" msid="111690863" title="The biggest IPOs in India’s history – LIC to Paytm, companies that have raised the most funds" mstype="2" mssubtype="0"></div> <h2>About the IPO</h2>The upcoming IPO from Hyundai is entirely an offer for sale (OFS), with the company looking to offload up to 17.5% of shares, which is 14.22 crore shares with a price band of ₹1865 to ₹1,960 per share. Bids can be made in a lot size of 7 shares or multiples of 7 shares. The IPO opens on October 15 and will close on October 18. While the allotment will be finalised on October 18, the shares will be listed on the stock exchange on October 22. At the upper end of the price band, Hyundai Motor India will be valued at $18 billion (approx. ₹1.6 lakh crore), which is around 40% of its parent company, Hyundai Global’s $45 billion valuation. As it is entirely an OFS, the company won’t receive any funds and all the funds raised will go to Hyundai Global. However, the company has said that part of the funds will be allocated towards research and development, especially in electric vehicles (EVs) and hybrid technologies. The company has reserved 7.78 lakh shares with a value of ₹131 to ₹138 crore for employees. Employees will get these shares at a discount of ₹186 per share. <h2>First carmaker in over two decades to go public</h2>In addition to being the biggest IPO in the country’s history, this will also make the company the first car maker to go public in India in over two decades. The last car maker to go public was Maruti Suzuki, which held its IPO in 2003. <div type="Article" hostid="261" msid="114120828" title="The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?" mstype="2" mssubtype="0"></div> With the IPO, the company will join other car makers such as Maruti Suzuki, Tata Motors and Mahindra &amp; Mahindra to be listed in the Indian stock market. <h2>Hyundai in India</h2>The Indian market contributes to around 15% of the company’s global sales and is the third biggest market for the company after the United States and South Korea. The company has already invested around $5 billion in the country and plans to invest an additional $4 billion over the next few years. Company’s financials <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period ended </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">PAT </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mar-22 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹47,966.05 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,901.59 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mar-23 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹61,436.64 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,709.25 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mar-24 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹71,302.33 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,060.04 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">June-24 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17,567.98 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,489.65 </td></tr></tbody></table> Amount in ₹ crore Hyundai recorded a revenue of ₹71,302.33 crore in FY24, up from ₹61,436.64 crore in FY23 and ₹47,966.05 crore in FY22. During the 3-month period from April to June 2024, the company earned a revenue of ₹17,567.98 crore. The company recorded a profit after tax (PAT) of ₹6,060.04 crore in FY24, up from ₹4,709.25 crore in FY23 and ₹2,901.59 crore in FY22. The company recorded a PAT of ₹1,489.65 crore from April to June 2024. “Hyundai Motor India is seeking a slightly higher premium to Maruti and lower to M&amp;M based on price earnings ratio while Hyundai stands to be expensive in terms of price to book value. Hyundai India justifies its premium ask considering its leadership in SUV sales, world-class brand image followed by better safety ratings, Multi-segment growth visibility largely been driven by its popular SUVs, particularly the Creta, Exter, and Venue models in the Indian market,” said Prashanth Tapse, Senior VP (Research), Mehta Equities. <h2>Hyundai paid ₹10,780 crore dividend in FY24</h2>Ahead of the IPO, Hyundai paid a ₹10,780 crore dividend in FY24, up from ₹4,653.42 crore dividend in FY23 and ₹1,493.45 crore dividend in FY22. With this, the company’s cash and bank balance has declined from ₹17,741.15 crore a year ago to ₹9,017.35 crore. <div type="Article" hostid="261" msid="113925972" title="September Auto sales – Automakers report a decline, Mahindra and Mahindra overtakes Tata Motors" mstype="2" mssubtype="0"></div> “As a result, our ability to utilise our internal accruals and cash and bank balances has been reduced. Any resultant insufficiency in our internal accruals and cash and bank balance may require us to borrow money to meet our growth requirements and incur borrowing costs, which may adversely impact our profitability, financial ratios and results of operations,” the company said in its Red Herring Prospectus (RHP). <h2>Declining grey market premium</h2>Grey market premium (GMP) is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. In essence, it is the premium above the issue price of a share. The GMP of Hyundai has been on a decline, from ₹570 around two weeks ago to ₹130. <h2>Key risks to remember</h2>Here are some of the key risks that the business faces: <h3>Rising part prices</h3>There has been an increase in prices of key vehicle parts over the years, especially chipsets. A further rise in price may impact the company’s profitability in the coming years. <h3>Production disruptions</h3>The company has said that any disruption to its Chennai plant will adversely impact the production and the company’s finances. <h3>Supplier dependency</h3>Another risk to keep in mind is the company’s dependency on its suppliers. Any disruption in its supply chain will adversely impact its production and profitability. <h3>Competition</h3>Hyundai alternates between the second and third position in the Indian car market. An increase in competition, with the increased sales of Mahindra and Mahindra, the company faces a new competitor. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-september-2024-maruti-suzuki-dominates-with-seven-cars/slidelist/114112295.cms">Top selling cars in India in September 2024 – Maruti Suzuki dominates with seven cars</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms">Samsung leads the first phase of festive sales with a 20% market share</a>

Hyundai IPO review – Everything you need to know about India’s biggest IPO

In its first ever raids in the Union Territory of <keyword id="19905190" type="General" weightage="20" keywordseo="Ladakh" source="keywords">Ladakh</keyword>, the <keyword id="19895344" type="General" weightage="20" keywordseo="Enforcement-Directorate" source="keywords" meta.keywordsubtype="org" meta.entityname="Enforcement Directorate" meta.hostid="261" meta.entityid="Enforcement Directorate">Enforcement Directorate</keyword> on Friday conducted searches as part of its <keyword id="19899231" type="General" weightage="20" keywordseo="money-laundering" source="keywords">money laundering</keyword> probe linked to a cryptocurrency fraud case in which investors lost more than Rs 7 crore worth of deposits, officials said. The agency's zonal office here raided at least six premises in Leh town of Ladakh, Jammu in J-K and Sonipat in Haryana in the case against A R Mir and others. It is alleged that 2,508 investors deposited more than Rs 7.34 crore in a fake cryptocurrency business in the name of "<keyword id="22638371" type="General" weightage="20" keywordseo="Emollient-Coin-Limited" source="keywords" meta.keywordsubtype="org" meta.entityname="Emollient Coin Limited" meta.hostid="261" meta.entityid="Emollient Coin Limited">Emollient Coin Limited</keyword>". They, however, did not get any returns or currency back, and these funds were laundered by the business' promoters to purchase land assets in Jammu. The money laundering case stems from a March 2020 FIR registered in Leh and some other complaints filed in the Union Territory (UT) of Jammu and Kashmir (J-K) against Mir and Ajay Kumar Choudhary. Police in Leh in their FIR stated that an inquiry was conducted by a committee formed by the local district magistrate against Mir and his agents who were running the "fake" cryptocurrency business (Emollient Coin Limited) from a office located at the Anjuman Moin-Ul-complex, opposite SNM Hospital, in Leh. The committee sealed this office during inquiry on charges of "cheating many innocent individuals by assuring them to double their investment", according to the FIR. The accused lured people of the UT of Ladakh and some other places to purchase "Emollient Coin" using cash or transferring money into bank accounts, according to Enforcement Directorate (ED) officials. The depositors were also duped in the name of "Bitcoins" with the assurance of returns up to 40 per cent with a lock-in period of 10 months, the probe agency said. Investors were dished out a commission of up to seven per cent of the investment made by the people on their reference in the business, thereby forming a multi-level marketing chain, the ED found. A total of 2,508 people invested Rs 7,34,36,267 in the investment plan offered by Mir and the company (Emollient) floated by him that was incorporated in September 2017 and had its registered office in London. A man, Henry Maxwell, living in the UK capital, was its director. The company had two promoters in India -- Naresh Gullia and Channi Singh. The company was "deliberately" dissolved in March 2019, and Mir along with Choudhary launched a real estate business and acquired lands in Jammu from the funds generated by the fake cryptocurrency trade, according to the ED. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank">Ola Electric IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank">Nothing Phone (2a) Plus with Dimensity 7350 Pro chipset launched in India starting at ₹29,999</a><a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank">Indian smartphone shipments decline by 2% in Q2 2024, Xiaomi retakes the throne</a>

ED undertakes first-ever searches in Ladakh in crypto fraud case

<ul><li>A <keyword id="18858" type="General" weightage="80" keywordseo="noida" source="Orion">Noida</keyword> woman has been scammed of ₹11 lakh by scammers pretending to be police officials.</li><li>The woman was placed under a fictitious “digital arrest” for several hours.</li><li>As part of the scam, she was informed that she has an arrest warrant out in a money laundering case.</li></ul> Online scams are on the rise in India, with scammers finding new ways to dupe people. After the likes of<a href="https://www.businessinsider.in/tech/news/delhi-woman-loses-50-lakh-in-sim-swap-scam-heres-how-you-can-stay-safe/articleshow/104745898.cms"> SIM swap</a> and<a href="https://www.businessinsider.in/india/news/66-year-old-loses-1-52-crore-in-courier-scam-what-it-is-and-how-to-protect-yourself/articleshow/105440830.cms"> courier scams</a>, a new <keyword id="19710139" type="General" weightage="100" keywordseo="digital-arrest-scam" source="Orion">digital arrest scam</keyword> is on the rise. A woman from Noida has been duped of ₹11 lakh by cyber criminals, who held her under a “digital arrest” for around eight hours. According to the complaint lodged with the cyber crime police station, in Noida, the scam occurred on November 13. <cmsannotation type="cmsannotation" annotationid="What is the digital arrest scam?" comment="subhead" text="What is the digital arrest scam?">What is the digital arrest scam?</cmsannotation> In the digital arrest scam, the scammers pose as police officials, claiming that the victim has committed a crime and benefited financially from it. The scammers then use video calling platforms to connect with the victim and “digitally arrest” them. Then they claim that the victim is innocent and they need to get access to money in the victim’s account to remove the arrest warrant. After receiving money from the victim, they stop responding. <cmsannotation type="cmsannotation" annotationid="Here’s what happened" comment="subhead" text="Here’s what happened">Here’s what happened</cmsannotation> The victim was contacted by people who posed as police officers and claimed that she was involved in a money laundering case. The perpetrators also mentioned an IPS officer in the Central Bureau of Investigation (CBI) and the founder of a grounded airline. The woman was initially contacted by a person pretending to be a police officer on a skype video call. The scammer informed the victim that she has a case related to money laundering involving an airline founder in her name. He then added an FIR has been registered and an arrest warrant has been issued by the Supreme Court. The scammer then claimed that the victim appears to be innocent, and that the case will now be transferred to an IPS officer with the CBI. He then asked the victim to connect with the officer and request for a priority investigation to remove the arrest warrant. The victim was then informed that her account had been used for a transfer of ₹2 crore, for which she received a commission of ₹20 lakh. The officer claimed that the victim appears to be innocent and that she needs to transfer all her money to a particular account to prove her innocence. The woman was told not to disclose the information as the matter was related to “national security”. She was also asked to be present in the video call, where she stayed from 9:30 AM to around 7 in the evening. The woman ended up transferring around ₹11.11 lakh, after availing a loan of ₹3 lakh. The scammers then ended contact with her, after which she realised she had been scammed. She then approached police and filed a complaint. Speaking about the incident, Inspector Reeta Yadav, in-charge of the cyber crime police station in Noida said, “People should also know that police never question any person digitally. If someone threatens you like this, ask them to send you a proper notice, ask for their details and tell them that you are coming to the police station to meet them.” SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/ola-electric-and-tvs-motor-leading-electric-two-wheeler-sales-in-nov-2023-month/articleshow/105719702.cms">Electric two-wheeler sales rise in Nov as Ola Electric scales a new high</a> <a href="https://www.businessinsider.in/business/telecom/news/new-sim-card-rules-from-dec-1-include-bulk-purchase-restrictions-all-you-need-to-know/articleshow/105617388.cms">New SIM card rules from Dec 1 include bulk purchase restrictions – All you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/car-and-suv-prices-set-to-rise-in-january-2024-should-you-buy-one-in-december/articleshow/105556415.cms">Car prices set to rise in January – Should you buy one in December?</a>

Noida woman scammed ₹11 lakh in digital arrest scam – everything you need to know

The Centre has blocked over 100 websites involved in facilitating organised illegal investments related to economic crimes and task-based part-time job frauds. According to an official statement, these websites were being operated by overseas actors and targets were mostly retired employees, women and unemployed youth looking for part time jobs. The Indian Cybercrime Coordination Centre (I4C), a wing of the Union Home Ministry, through its vertical National Cybercrime Threat Analytics Unit (NCTAU) had last week identified and recommended that these websites be blocked. Following this, the Ministry of Electronics and Information Technology (MeitY), invoking its power under the Information Technology Act, 2000, has blocked these websites, the statement said. These websites, which facilitated task-based organised illegal investment related to economic crimes, were learnt to be operated by overseas actors and were using digital advertisement, chat messengers and mule and rented accounts. The proceeds from the large scale economic frauds were seen to be laundered out of <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> using card network, crypto currency, overseas ATM withdrawals and international Fintech companies, the statement said. The I4C is an initiative of the Home Ministry to deal with cyber crimes in the country in a coordinated and comprehensive manner. <keyword id="6366773" type="General" weightage="80" keywordseo="citizens" source="Orion">Citizens</keyword> have been advised to promptly report phone numbers and social media handles used by such fraudsters to the National Cybercrime Reporting Portal (NCRP), the statement said. It said several complaints have been received through 1930 helpline and the NCRP and these offences were posing significant threat to the citizens and also involved data security concerns. These frauds, typically, involve a number of steps that include targeted digital advertisements launched on platforms like Google and Meta using key words like "Ghar baithe job" (Do jobs sitting at home), "Ghar baithe kamai kaise karen" (How to earn by sitting at home) etc. in multiple languages from overseas advertisers. Upon clicking the advertisement, an agent using WhatsApp or Telegram starts conversation with the potential victim, who convinces him or her to perform some tasks like video likes and subscribe, maps rating, etc. Upon completion of task, the victim is given some commission, initially and is asked to invest more to get more returns against given task. After gaining confidence, when victim deposits larger sum, deposits are frozen and thus the victim is duped. As precautionary measure, it is advised to exercise due diligence before investing in any such very high commission paying online schemes sponsored over internet. If an unknown person contacts anyone over WhatsApp or Telegram, refrain from performing financial transactions without verification, the statement said Verify the name of receiver mentioned in UPI App. If receiver is any random person, it may be a mule account and scheme may be fraudulent.Similarly, check the source from where initial commission is received, it said. Citizens should refrain from doing transactions with unknown accounts, as these could be involved in money laundering and even terror financing and lead to blocking of accounts by police and other legal action, the statement said. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-november-2023/slidelist/105775116.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-november-2023/slidelist/105775116.cms" target="_blank">WagonR to Creta – Top selling cars in India in November</a><a href="https://www.businessinsider.in/tech/mobile/news/oneplus-announced-new-flagship-smartphone-oneplus-12-with-up-to-24gb-ram/articleshow/105756057.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-announced-new-flagship-smartphone-oneplus-12-with-up-to-24gb-ram/articleshow/105756057.cms" target="_blank">OnePlus 12 debuts with bigger battery, up to 24GB RAM and more</a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-and-tvs-motor-leading-electric-two-wheeler-sales-in-nov-2023-month/articleshow/105719702.cms">Electric two-wheeler sales rise in Nov as Ola Electric scales a new high</a>

Over 100 websites blocked for facilitating organised illegal investments

Mumbai police have registered a case against T-Series company's managing director Bhushan <keyword id="6358442" type="PERSON" weightage="20" keywordseo="kumar">Kumar</keyword>, son of music baron late <keyword id="17091" type="PERSON" weightage="20" keywordseo="gulshan-kumar">Gulshan Kumar</keyword>, for allegedly raping a woman on the promise of providing a job to her, an official said on Friday. The offence was registered at <keyword id="560706" type="COMPANY" weightage="20" keywordseo="D-N-Nagar">D N Nagar</keyword> police station in Andheri (West) on the basis of the complaint lodged by the 30-year-old woman, he said. However, the police did not give details about when the alleged crime took place. "As per the complaint, Bhushan Kumar allegedly raped the woman on the pretext of providing a job to her in some projects of his own company," the official said. "The woman said she was cheated by him and hence she approached the police," he added. According to him, Kumar has been booked under <keyword id="6360844" type="ORGANIZATION" weightage="20" keywordseo="ipc">IPC</keyword> sections 376 (rape), 420 (cheating), 506 (criminal intimidation), T-Series is a music record label and film production company founded by Gulshan Kumar, also known as the 'Cassette king', who was shot dead in 1997 in Andheri. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ola-electric-scooter-design-battery-charging-time-and-expected-price-in-india/articleshow/84467839.cms">Ola electric scooter price, design and everything we know so far</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/paytm-has-filed-for-2-4-billion-ipo/articleshow/84465551.cms">Paytm files draft prospectus for a $2.2 billion IPO</a>

T-Series Bhushan Kumar booked for allegedly raping a woman

David Becker/Getty ImagesThe Ford Mustang Mach E at CES 2020.<ul class="summary-list"><li>There was plenty of excitement among automakers at this year's edition of the consumer tech expo <a href="https://www.businessinsider.com/category/ces-2020">CES</a> and a focus on electrification, self-driving cars, and more sophisticated infotainment systems.</li><li>But there was also a heavy dose of pragmatism.</li><li>While CES is known for outlandish concept vehicles, there were a large number of production cars on display this year.</li><li>And executives were quick to discuss the practical side of future-oriented technologies.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul>The <a href="https://www.businessinsider.com/category/ces-2020">Consumer Electronics Show</a> is a time for optimism, when companies can show off their best ideas for the present and the future. There was plenty of excitement among automakers at this year's edition of the conference and a focus on electrification, self-driving cars, and more sophisticated infotainment systems.But there was also a heavy dose of pragmatism. For every outlandish concept vehicle, like the <a href="https://www.businessinsider.com/category/mercedes-benz">Mercedes-Benz</a> <a href="https://www.businessinsider.com/mercedes-benz-vision-avtr-concept-car-no-steering-wheel-avatar-2020-1">Vision AVTR sedan</a>, which was inspired by the film "Avatar," there was a vehicle scheduled for production, or one that looked ready for it, like the <a href="https://www.businessinsider.com/category/nissan">Nissan</a> Ariya Concept, an electric SUV that was placed at the center of the automaker's booth. While labeled as a concept vehicle, the Ariya's styling wouldn't look out of place on the road today, and Nissan plans to release a production version next year. <a href="https://www.businessinsider.com/category/ford">Ford</a>, which at CES in 2018 <a href="https://www.businessinsider.com/ford-makes-push-catch-up-autonomous-vehicles-2018-1">outlined a vision</a> for connecting vehicles, pedestrians, and infrastructure while shying away from specific timelines, focused this year on its Mustang Mach-E electric SUV. The Mach-E will hit dealerships at the end of the year.Even at an event dedicated to the Vision AVTR, there was a connection to immediate, real-world concerns. During his opening remarks, Ola Kallenius, CEO of Mercedes-Benz's parent company, Daimler, focused more on sustainability than the futuristic tech features in the Vision AVTR, like a biometric pad that replaces the steering wheel, ignition, and gearshift.David Becker/Getty ImagesAkio Toyoda, president and chief executive officer of Toyota Motor Corp., speaks during a press event at CES 2020 event in Las Vegas, Nevada, U.S., on Monday, Jan. 6, 2020.<h2>Car companies struck a pragmatic tone</h2>The practicality on display at CES also stemmed from an increasing recognition that mastering transformative technologies, like self-driving cars, will take more than enthusiasm and ambition. It will also require a thoughtful approach to how those technologies interact with the world around them.Uber has clashed with some cities it entered without warning, leaving the ride-hailing service banned in <a href="https://markets.businessinsider.com/news/stocks/uber-lost-london-license-may-get-worse-warning-to-investors-neil-wilson-1028715607">London</a> and <a href="https://www.businessinsider.com/german-court-bans-uber-services-via-rental-cars-in-germany-2019-12">Germany</a>, while complaints about the hazards of electric scooters that were quickly dropped in cities by startups like Bird and Lime have led some local governments to <a href="https://www.businessinsider.com/san-francisco-ban-shared-dockless-scooters-2018-5">cap</a> the number allowed in their jurisdictions.Both cases have shown that the "move fast and break things" ethos embraced by Silicon Valley startups can invite unintended consequences that pose moral and logistical challenges."The investment in going into a city is tremendous," said John Rich, the COO of Ford Autonomous Vehicles LLC. "We can't have an adversarial relationship. We have to be solving their problems. We have to be invited in."No automaker at CES split the difference between idealism and realism more than <a href="https://www.businessinsider.com/category/toyota">Toyota</a>, which put at the center of its display a smart-city prototype it will build in Japan. Called the Woven City, the prototype will serve as a testing ground for a number of technologies, including self-driving cars, robots, and smart homes, creating an opportunity to see how they work together. While renderings of the Woven City have a science-fiction sheen to them, the project will focus as much on urban design and renewable energy as it does on high-tech gadgets."Peope have to be at the center of anything that Toyota does," said James Kuffner, the chief technology officer of the Toyota Research Institute. "It means that we aren't just building technology for technology's sake, but really thinking about how people could have happier, healthier, green lives."Andrej Sokolow/picture alliance via Getty ImagesDaniel Kirchert, head of the electric car manufacturer Byton, speaks at the technology trade fair CES. Byton has now received 60 000 reservations for his first model.<h2>Even the CEO of an EV startup was rooted in reality</h2>The toned-down rhetoric was not just confined to established automakers who have been slow to translate the innovations popularized by cell phones to their vehicles. Daniel Kirchert, CEO of the electric-vehicle startup <a href="https://www.businessinsider.com/category/byton">Byton</a>, whose debut vehicle, the M-Byte SUV, will have the auto industry's largest <a href="https://www.businessinsider.com/byton-exec-explains-why-48-inch-screen-wont-distract-drivers-2019-2">dashboard screen</a>, said the company does not want to reinvent every part of the automotive business. Instead, it will focus on innovating in areas where it believes it has an edge."We should not believe that we can do too many things," Kirchert said. "We need to stay very focused."In an apparent reference to Tesla, which struggled mightily when it tried to automate much of its vehicle-assembly process in 2017, Kirchert said Byton would not follow a similar path, instead attempting to implement the auto industry's best practices for manufacturing.Ultimately, a shift away from speculation and toward implementation could bode well for the auto industry's seemingly inevitable transition to electric and self-driving vehicles. Only when an idea inches toward reality do the details of executing it take precedence.<ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/ces-2020-coolest-vehicles-at-the-consumer-electronics-show-2020-1">The 24 coolest vehicles we saw at CES 2020</a></li><li><a href="https://www.businessinsider.com/best-car-at-ces-2020-pictures-and-details-2020-1">The best car we saw at CES 2020</a></li><li><a href="https://www.businessinsider.com/fisker-debuts-all-electric-suv-ocean-with-a-solar-roof-2020-1">Fisker debuted an all-electric SUV called 'Ocean' with a solar roof that starts at $37,499</a></li><li><a href="https://www.businessinsider.com/best-car-accessory-at-ces-2020-consumer-electronics-show-photos-2020-1">The best car accessory we saw at CES 2020</a></li></ul><a href="https://www.businessinsider.com/intelligence/connectivity-and-tech-pro?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=CES&amp;itm_campaign=connectivity-and-tech-pro-2"></a> <h3>NOW WATCH: <a href="https://www.businessinsider.com/why-airplane-takeoff-landing-are-dangerous-flight-2019-12">Why airplane takeoffs and landings are so dangerous</a></h3>

I talked to 10 auto industry execs and saw over 20 cars at CES 2020. It's clear that companies are now shunning pipe dreams for more practical approaches to the future of mobility.

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I talked to 10 auto industry execs and saw over 20 cars at CES 2020. It's clear that companies are now shunning pipe dreams for more practical approaches to the future of mobility.

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