Business

New Delhi, Jan 24 (IANS) Apple had a strong year in 2025 in India as iPhone shipments grew 24 per cent year-on-year (YoY) in 2025 compared to 2024, data showed on Saturday.

According to data by CyberMedia Research (CMR) accessed by IANS, the iPhone shipments in 2025 outperformed iPads, which saw a modest growth of 2 per cent.

“Apple’s full-year 2025 performance in India reflects healthy underlying demand dynamics,” Prabhu Ram, VP-Industry Research Group, CMR, said.

“iPads remained resilient, supported by refreshed iPad launches, reinforcing Apple’s strength across both productivity and premium segments,” Ram added.

The standout performer was the iPhone 16 series, which became Apple’s most successful smartphone lineup of the year.

It accounted for 57 per cent of total iPhone shipments, making it the best-performing iPhone model of the year, according to the report.

The iPhone 15 series followed with a 24 per cent share, while the newer iPhone 17 series captured 10 per cent of the market.

The iPhone 16e also made a notable contribution with a 6 per cent share.

However, in Q4 2025, iPhone shipments dipped slightly by 3 per cent compared to Q4 2024.

iPads recorded a massive 95 per cent year-on-year growth during the same period. This shows that while iPhones dominated the full year, iPads gained strong traction toward the end of 2025.

The dominance of the iPhone 16 series was also visible in Q4 2025. During the quarter, the iPhone 16 series held a 50 per cent market share, maintaining its leadership position.

The iPhone 17 series gained momentum in Q4 with a 24 per cent share, while the iPhone 15 series stood at 17 per cent.

The iPhone 16e accounted for the remaining 8 per cent, according to the data.

On the iPad side, Apple’s lineup saw a different trend. For the full year 2025, the iPad 11 series emerged as the clear winner, commanding 68 per cent of total iPad shipments.

The iPad Air 2025 series followed with a 21 per cent share, while the iPad Pro 2024 and 2025 series together contributed a smaller portion of the market.

In Q4 2025, the dominance of the iPad 11 series became even stronger, with its market share rising to 76 per cent.

The iPad Pro 2025 series captured 13 per cent, and the iPad Air 2025 series accounted for 9 per cent.

--IANS

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New Delhi, Jan 24 (IANS) From the ‘Startup India’ initiative turning 10 to trade talks, Commerce and Industry Minister Piyush Goyal on Saturday highlighted some of the key happenings in the last two weeks which made headlines globally.

‘Startup India’ marked 10 years of its journey with a headline event in Delhi on January 16, graced by Prime Minister Narendra Modi, with participation from startup founders, innovators, and young entrepreneurs.

“Marked as the National Startup Day, the results for the 5th editions of the States’ Startup Ranking Exercise and the National Startup Awards were also announced,” said Goyal in a post on X.

The Indian youth is focused on solving real problems, said PM Narendra Modi, while celebrating the milestone of 10 years of the Startup India mission. Speaking at Bharat Mandapam, New Delhi, PM Modi lauded the country’s startup founders and innovators who chartered a path for themselves and boosted the country’s image globally.

Goyal also held a productive meeting with David Eby, Premier of British Columbia, Canada.

“Discussions focused on strengthening the India-Canada economic partnership, advancing trade & investment cooperation, and exploring collaboration across sectors such as critical minerals, manufacturing, clean energy, technology, education, defence and innovation,” the minister said.

Government e-Marketplace (GeM) also marked seven years of the ‘Womaniya’ initiative, its flagship programme aimed at strengthening the participation of women-led Micro and Small Enterprises (MSEs) in public procurement.

During the event, an MoU was signed with Women’s Collective Forum (WCF) to strengthen institutional support for women entrepreneurs.

Also, the Regional Office of APEDA has been inaugurated in Raipur, Chhattisgarh, to position the state as a major hub for agricultural and processed food exports. The state offers significant export potential across a wide range of products, including various varieties of rice, fruits, vegetables, and forest produce like Mahua, informed Goyal.

The first-ever air shipment of three GI-tagged products from Karnataka, namely Nanjangud Rasabale Banana, Mysore Betel Leaves and Indi Lime, has been exported to the Maldives.

“This marks yet another step in India's consistent efforts to boost agri exports, support farmers, expand market access, and promote our GI heritage on the global stage,” said the minister.

--IANS

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New Delhi, Jan 24 (IANS) If foreign institutional investor (FII) confidence in Indian market is to resume, corporate earnings have to improve in the next quarter (Q4) and the US-India trade deal should happen, analysts said on Saturday.

While the former is likely in the January-March quarter (Q4 FY26), there is no clarity at all on the timeline of the latter.

“This is the biggest uncertainty weighing on the market now,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.

FPIs not only continued their selling spree in the week ended January 23, but also increased the intensity of their selling.

Total FPI selling in the equity market this month (through January 23) stood at Rs 33,598 crore, as per NSDL data. This the highest monthly selling figure since August 2025.

“Sentiments remained very weak due to a combination of factors such as sustained rupee depreciation, lack of any finality regarding US-India trade deal and unimpressive Q3 results, so far, which are not indicating any pick up in corporate earnings,” said Vijayakumar.

The sustained selling by FIIs has led to 2.5 per cent decline in Nifty for the week ending January 23, resulting in erosion of Rs 16 trillion of market cap in a week, said analysts.

A major factor that pushed FII selling has been the continuous decline in the rupee which touched Rs 91.96 to the dollar on Friday.

Market participants believe that the delay in the US-India trade agreement will widen India’s trade and current account deficits further impacting the rupee. Sustained FII selling is in anticipation of this rupee depreciation.

Investors are keeping an eye ahead for cues from Union Budget 2026 and guidance from the Fed on the trajectory of interest rate cuts. Analysts maintain that elevated FII short positions, oversold momentum indicators, and pre-Budget positioning could trigger bouts of short covering.

--IANS

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New Delhi, Jan 24 (IANS) While volatility is likely to persist in the Indian markets in coming months, the country remains well positioned to outperform many global peers over the medium to long term, a report said on Saturday.

The wealth management firm, PL Wealth preferred the financial sector as the core portfolio anchor as credit growth is expected to stay healthy, asset quality stable and capital adequacy strong.

"Select private banks, PSU banks, and well-managed NBFCs offer attractive risk-reward, particularly during market corrections," the report said.

Industrials and capital goods are also well positioned, supported by sustained government capex, infrastructure spending, and rising order books across defence manufacturing, power equipment, and infrastructure ancillaries, the firm added.

Indian equity markets are expected to stay range‑bound in the near term, with January 2026 characterised by selective opportunities rather than broad rallies, the firm forecasted. Valuations across large caps and quality mid caps have normalised following last year’s consolidation, shifting focus to earnings delivery.

Large‑cap stocks with strong balance sheets and predictable cash flows should offer relative stability, while stock‑specific opportunities may emerge in select mid‑cap names as earnings visibility improves.

“India enters 2026 with a rare combination of strong growth, low inflation, and improving corporate fundamentals,” said Inderbir Singh Jolly, CEO, PL Wealth Management.

Urban consumption remains steady, while rural demand is likely to improve on the back of stable inflation, income growth, and a normal monsoon, it predicted.

Autos, consumer durables, and discretionary consumption show early signs of demand recovery, though stock selection remains critical.

Telecom continues to benefit from stable cash flows and structural growth driven by rising data consumption, it said.

The report highlighted India’s stronger macro footing versus many major economies. India's FY26 GDP growth is seen at 6.5–6.8 per cent, inflation has moderated sharply, and the RBI’s policy stance has become more growth‑supportive after cumulative rate cuts and liquidity measures.

However, inflation in the US though it eased around 3 per cent, it remains sticky above target, keeping markets focused on the timing and pace of rate cuts, the firm said.

GDP growth of Europe is forecasted at approximately 1–1.2 per cent, weighed down by structural challenges and weak external demand, while China’s growth is expected to slow to around 4.7–4.8 per cent in 2025.

--IANS

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New Delhi, Jan 24 (IANS) The recent policy actions are beginning to show positive effects across the economy, with improvements in credit and deposit growth, industrial activity, and several consumption-related indicators, a new report has said.

The report from BNP Paribas India said improvements in indicators such as credit and deposit growth, IIP, auto sales, port traffic, GST e-way bills, fuel consumption, and consumer sentiment, though export growth and GST collections have moderated.

“Most indicators of consumption, including auto sales, fuel consumption, PMI, credit card payments, urban wage growth, and consumer sentiments, remain robust. In our view, the government’s focus on consumption through expansionary fiscal and monetary policy should support growth,” the report said.

Urban consumption indicators looked positive, with vehicle sales (PV, 2W, tractors), fuel consumption, deposit growth, e‑way bills, airline passenger traffic, and hiring demand all recorded upticks.

Rural indicators are mixed as the GST rate cut is positive and monsoon has been good, but low agri-realisation could continue to hurt in the near term, the brokerage said.

After a weak festival season in October, rural indicators are showing signs of recovery, it said, adding that agricultural exports, tractor sales, and reservoir levels have all improved.

The firm estimated that the food inflation has hit its trough and should turn positive this quarter due to the base effect dynamics. Food inflation and the government’s renewed emphasis on consumption should provide support for rural wage growth.

Industry and services are showing signs of recovery, with YoY credit growth around 12 per cent, deposit growth at 12.7 per cent, higher airline and port activity, robust PMI readings, and government expenditure.

Industrial production rose after the festive season, and manufacturing output, PV production, new order growth, and cement production remain high, the report said.

On the expenditure side, capital expenditure for the year seems to have been front-loaded and could moderate in the coming months, according to the brokerage.

--IANS

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Seoul, Jan 24 (IANS) Trade Minister Yeo Han-koo said on Saturday he has stressed to US trade officials that Seoul's investigation into e-commerce giant Coupang over a major data breach should be treated separately from broader trade issues between the two countries.

Yeo made the remarks regarding Coupang to reporters at Incheon International Airport after returning to South Korea following his participation in the World Economic Forum in Davos, Switzerland, reports Yonhap news agency.

Coupang, a U.S.-listed company founded by Korean American entrepreneur Kim Bom-suk, also known as Bom Kim, generates about 90 percent of its revenue in South Korea.

The minister met with U.S. Trade Representative Jamieson Greer on the sidelines of the Davos forum and exchanged views on pending bilateral trade issues.

Yeo said he conveyed to Greer Seoul's position that the investigation does not constitute discriminatory treatment against a U.S. company and should not be elevated into a trade dispute.

"I explained that it is not because Coupang is a U.S. company," Yeo said, adding that authorities would have conducted the same non-discriminatory and transparent investigation if a South Korean firm had experienced a similar data breach.

Yeo also met with Greer and key lawmakers from both the U.S. Senate and House of Representatives during a separate visit to Washington last week to explain Seoul's stance on the Coupang probe and address concerns over South Korea's digital regulatory environment.

Meanwhile two US investors in e-commerce giant Coupang notified the South Korean government of their intent to bring arbitration claims against it over what they called "discriminatory" acts toward the US-listed firm, and requested a US government probe into the matter.

Greenoaks Capital Partners and Altimeter Capital Management took the actions, decrying South Korean authorities' investigations into Coupang following revelations in November about a massive customer data leak, according to documents that their legal representative, Covington & Burling LLP, submitted to the two governments.

The Seoul government, along with experts, has been conducting a probe into the incident, in which about 33.7 million customers are believed to have been affected. Coupang has claimed a perpetrator accessed data from only about 3,000 of the accounts in question.

—IANS

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New Delhi, Jan 24 (IANS) Investors are likely to remain on edge over the proposed US framework on Greenland, and near-term volatility related to this issue can continue, a report has said.

The report from Bank of Baroda said that market participants are awaiting more details that could determine whether negotiations succeed or unravel.

"Going ahead, investors are likely to await more details of the deal, as there are a few sticking points which can derail the negotiations. Hence, some volatility can be expected," the report said.

Several analysts expect the arrangement to resemble an update of the existing security agreement between the US and Denmark, which was signed in 1951, the report noted.

Further negotiations will follow in due course which will cover areas such as US military presence in Greenland, as well as use of its mineral resources and sovereignty, said Aditi Gupta, Economist, Bank of Baroda.

US President Donald Trump has framed Washington’s interest in Greenland as driven by national security concerns, but the island’s largely unexplored mineral wealth including oil, gas and rare earth elements is of interest to US, the report said.

"The announcement of a framework deal between the US and NATO has helped to soothe investors’ nerves, however the details of the deal are still fuzzy," it added.

Geo-political tensions escalated and markets went into turmoil after the US President intensified rhetoric to annex Greenland and threatened economic measures against European countries that oppose US plans. In response, several European nations, including France, Germany, Sweden amongst others increased military deployment in Greenland, further escalating tensions.

Trump had announced a 10 per cent additional tariff on goods from the UK, Denmark, Norway, Sweden, France, Germany, Netherlands and Finland from February 1, 2026. The rate was expected to increase to 25 per cent by June 1, 2026.

Later, he backed off from his threat of imposing tariffs on European countries along the sidelines of the World Economic Forum meeting in Davos.

—IANS

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Davos, Jan 24 (IANS) The 56th annual meeting of the World Economic Forum (WEF) here this week served as an essential and leading platform for convening decision-makers for consequential dialogue that enabled progress on the most challenging issues facing the world today.

According to the WEF, close to 3,000 leaders from across regions, sectors and generations from 130 countries came together, including a record 400 top political leaders, nearly 65 heads of state and government, a majority of G7 leaders, close to 830 of the world’s top CEOs and chairs, and almost 80 leading unicorns and technology pioneers.

“This is a moment of uncertainty, but also possibility; not a moment to retreat, but a moment to engage,” said Borge Brende, President and CEO, World Economic Forum.

“The World Economic Forum is not about responding to current events. It is about creating the right conditions that enable us to move forward,” Brende added.

Experts assessed the direction of US-China relations in the wake of the November trade deal, weighing its implications for global economic stability and geopolitical competition between the world’s two largest economies.

Another session identified urgent measures to bolster financial-sector resilience in the West Bank and Gaza amid economic pressures.

Religious leaders examined how interfaith engagement could contribute to stabilisation efforts in Gaza and inform peace-building approaches in other conflict-affected contexts, in line with the Gaza Peace Plan.

“But opportunities that are bigger and grander than ever before in human history are right before us,” said US President Donald Trump.

We need dialogue with our friends and partners and also, if necessary, with our adversaries, added Ursula von der Leyen, President of the European Commission. “The world has changed permanently and we need to change with it too,” she said.

The ‘Chief Economists’ Outlook’ offered a real-time snapshot of the global economic sentiment for the year ahead, noting the economy’s relative resilience amid turbulence and guiding leaders through uncertainty around asset valuations, sovereign debt crises, and the economy-wide roll-out of artificial intelligence (AI).

“AI is a tsunami hitting the labour market and, even in the best prepared countries, I don't think we are prepared enough,” said Kristalina Georgieva, Managing-Director, International Monetary Fund.

“I would advocate for the developing countries: build your infrastructure, get engaged in AI and recognise that AI is likely to close the technology divide,” said Jensen Huang, Founder, President and Chief Executive Officer, Nvidia.

According to the WEF, five Nobel laureates in economics presented their latest research and insights on the global economy. Leaders also cautioned against deepening fractures in the global trade system, particularly between some of the world’s largest economies, emphasising the mutual benefits of international trade.

--IANS

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Mumbai, Jan 24 (IANS) Indian equity benchmarks closed this week down over 2.5 per cent due to profit-booking, sustained foreign institutional investor (FII) outflows and renewed concerns over global trade disruptions stemming from the US tariff rhetoric.

All sectoral indices ended in the red this week, with Realty logging the worst-performance, dipping 11.33 per cent. Consumer durables, telecom, and consumer discretionary sectors went down over 5 per cent.

Nifty dipped 2.51 per cent during the week and 0.95 per cent on the last trading day to 25,048. At close, the Sensex was down 769 points or 0.94 per cent at 81,537. It dipped 2.43 per cent during the week.

Broader indices posted stronger losses during the week, with the Nifty Midcap100 down 4.58 per cent while Nifty Smallcap100 declined 5.81 per cent.

Bank Nifty ended the week with a firmly bearish technical tone after a decisive breakdown below the crucial 58,800 support.

Analysts said that the early-week sentiment found some support from earnings upgrades at select IT and banking stocks, but earnings disappointments that came later, with muted results from sectoral peers, weighed on market sentiments.

Escalating geopolitical tensions — particularly around the U.S. administration’s aggressive posturing on Greenland and tariff threats — unsettled global markets, culminating in a broad-based sell-off across domestic equities.

Further, rising global bond yields and uncertainty surrounding the US Supreme Court’s review of Donald Trump-era tariffs further restrained risk-taking.

Since January 1 2026, both the Sensex and the Nifty have declined over 4 per cent. The global risk-off environment has prompted aggressive selling by foreign portfolio investors, who have offloaded equities worth over Rs 36,500 crore during the month.

The Indian rupee has slipped to near 92 per US dollar, amplifying concerns around imported inflation.

Investors are keeping an eye ahead for cues from Union Budget 2026 and guidance from the Fed on the trajectory of interest rate cuts.

Analysts maintain that elevated FII short positions, oversold momentum indicators, and pre-Budget positioning could trigger bouts of short covering.

However, durability of any recovery is likely to remain contingent on global cues, earnings follow-through, and investor positioning ahead of the Union Budget, they added.

—IANS

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New Delhi, Jan 24 (IANS) The Reserve Bank of India (RBI) has been a catalytic, kind, wise and eternal enabler, making UPI a public good by making it less expensive for users and accessible -- thereby earning trust of the common man, according to NR Narayana Murthy, Founder of Infosys.

“When you have leaders who have high aspirations and are well intentioned, you can transform the nation”, he highlighted during an event in Bengaluru.

Murthy said that if you want to build an organisation with strong values and want to protect the dignity of every employee, “you, as a leader, has to walk the talk. Value will not come from speeches, but from actions. Values, discipline, strong leadership and compassionate capitalism will take the society/country forward”.

During a fireside chat with Dr. Balakrishnan Mahadevan, Post Doctoral Fellow, IIM Bangalore, at the Center for Digital Public Goods at the institute, Murthy discussed his perspective on the values, governance principles and institutional choices that underpinned India’s digital payments transformation.

He said that technology is a perishable commodity.

“Till now, India has been following an oral tradition, as against a written one, in terms of documentation of organisational progress. But how institutions are built, the sacrifices, challenges and constraints involved, the foibles of leaders, complexity of working in teams, how working on the leading edge of technology is, how contributions to society are made, are valuable information,” he noted.

All these will add to the compendium of institutional memory, and the foundations of India’s progress will rest on such key knowledge and information by modern authors, said Murthy.

According to him, the most important lesson is making the code a public code which is low cost.

“This will prevent monopoly and create the platform for innovation. Combining innovation with sturdy foundation needs top quality leaders,” he said.

Stating that leaders should follow a simple life without any vulgar display of wealth, he told the students, “You, the future leaders, are the evangelists of compassionate capitalism, who will take the society/country forward. That will encourage entrepreneurship as well.”

—IANS

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