New launches, financing may give foldable phones a boost

NEW DELHI: Competition in India’s premium smartphone segment is set to intensify later this year as Apple prepares to enter the foldable smartphone market, challenging Samsung’s long-standing dominance in a category that, while still niche, is expected to continue growing despite an overall slowdown in handset demand.Samsung, currently commands about 89% of India’s foldable market,…

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Iran war pushes Brent to $100, oil companies fear hit to their finances

Global benchmark Brent crude topped the $100-per-barrel mark NEW DELHI: Global benchmark Brent crude topped the $100-per-barrel mark Thursday for the first time in nine weeks as the renewed conflict between US and Iran in West Asia disrupted shipments thr-ough Strait of Hormuz, while Tehran-backed Houthi rebels continued to target shipping through Bab el-Mandeb Strait.Brent…

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Indigo Airline Commitments: IndiGo offers crisis management plan to settle CCI probe into flight disruption case

India’s largest airline IndiGo has proposed a series of commitments (representative image) India’s largest airline IndiGo has proposed a series of commitments, including setting up a crisis management group, creating a dedicated passenger grievance mechanism and temporarily handing over airport slots during major disruptions, in a bid to address anti-competitive concerns raised by the Competition…

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US stocks today: Wall Street trades in red as oil tops $100 per barrel; Nasdaq tumbles over 2%, Dow slips over 600 points

Wall Street opened lower on Thursday, with Nasdaq leading the losses, as the first round of earnings from Big Tech companies renewed concerns over their huge spending on artificial intelligence. At the same time, oil prices breaching the $100 per barrel levels amid rising tensions in the Middle East also down on market sentiment.Around 9…

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