Business
1 mn ‘Make in India’ iPhones shipped in Q1 2022 as Apple grows 22%
Giving its India growth story another fillip, Apple shipped nearly 1 million ‘make-in-India’ iPhones in the country in the first quarter of 2022, a massive jump of 50 per cent (year-on-year) in iPhone shipments from within the country, data showed on Tuesday.
According to data shared by market intelligence firm CyberMedia Research (CMR), iPhones in India registered an overall growth of 22 per cent in the Q1 2022, led by iPhone 12 and 13 sales.
“Our insights point to the contribution of ‘Make in India’ iPhones in Q1 2022, increasing 50 per cent YoY. The contribution of newer generation iPhones, such as iPhone 13, is almost equal to iPhone 12,” Prabhu Ram, Head- Industry Intelligence Group at CMR, told IANS.
Apple’s enhanced and diversified iPhone production capabilities in India, along with aggressive retail initiatives, continue to contribute to its strong growth momentum in India.
Earlier this month, the tech giant confirmed it has started manufacturing its top-selling iPhone 13 smartphone in India.
Apple first started manufacturing iPhones in India in 2017, with iPhone SE.
“As Apple further diversifies its manufacturing base, the newer generation iPhone models will fuel Apple’s India growth story,” said Ram.
The tech giant manufactures some of its most advanced iPhones in the country, including iPhone 11, iPhone 12 and now iPhone 13 at the Foxconn facility while iPhone SE and iPhone 12 are being assembled at the Wistron factory in the country.
In Q1 2022, iPhone 12 maintained a lead with 52 per cent share, followed by iPhone 13 at 20 per cent and iPhone 11 at 18 per cent in India.
When it comes to iPads, Apple registered a 31 per cent growth in India, led by iPad 9th generation (Wi-Fi) that garnered 45 per cent market share.
Apple is expected to register a 5.2 per cent market share in India this year.
“With its enduring brand appeal, Apple continues to attract premium buyers. This is a break from the past when older-generation iPhone models gained consumer favour through aggressive and attractive price offers,” said Ram.
Business
57 pc Indian office occupiers say AI not affecting leasing decisions

New Delhi, Aug 27: Despite the growing weight of artificial intelligence (AI) in corporate strategy, 57 per cent of office occupiers in India said it has no material impact on their leasing decisions, a report said on Thursday.
The report from CBRE South Asia said about 93 per cent of over 200 occupiers surveyed are at some stage of AI implementation, but roughly 59 per cent remain in early or exploratory phases testing proofs‑of‑concept and mapping systemic changes before committing capital or restructuring physical assets.
AI is at an advanced or scaled adoption stage for a third of the cohort, driving immediate changes in how talent is deployed and physical workspaces are utilised, the report said.
While a majority do not expect immediate changes to leasing strategies, occupiers are likely to prioritise high‑quality workplaces that support talent attraction, innovation and advanced technology needs, the report added.
A large proportion of organisations are likely to plan their real estate decisions based on their workforce dynamics and business impact of their AI strategies.
Meanwhile, a section of occupiers anticipated AI creating new opportunities for workforce growth as organisations scale emerging capabilities and technology-led functions.
“While AI adoption is becoming increasingly widespread, business maturity and the pace of deployment will ultimately determine its impact on workforce requirements and, consequently, future leasing decisions,” said Anshuman Magazine, Chairman and CEO-India, South-East Asia, Middle East and Africa, CBRE.
“As organisations continue to transition from experimentation to scaled implementation, the implications for headcount, workplace strategies, and space demand are likely to evolve over time,” he added,
Ram Chandnani, Managing Director, Leasing Services, India, CBRE said that the flight-to-quality trend remains firmly intact, with premium workplaces continuing to play a critical role in attracting and retaining talent.
“In effect, AI is influencing the type of space occupiers seek well before it alters the quantum of space they require,” he added.
Business
CM Patel returns from US-Canada tour; says investors keen to invest in Gujarat

Ahmedabad, Aug 27: Gujarat Chief Minister Bhupendra Patel returned to Ahmedabad on Thursday after completing a nine-day visit to the United States and Canada aimed at attracting global investment and promoting the 2027 Vibrant Gujarat Global Summit, saying companies across key sectors had shown interest in investing in the state.
Patel was welcomed at Ahmedabad airport by Deputy Chief Minister Harsh Sanghavi and senior state government officials following his visit from August 17 to 26.
The overseas outreach focussed on investors, technology leaders, entrepreneurs and the Gujarati diaspora in San Francisco, Washington, DC, New York and Toronto.
Speaking to reporters after his return, Patel said the state government’s objective was to ensure that a larger share of investment coming into India was directed towards Gujarat.
“We have witnessed the impact of Prime Minister Narendra Modi’s global relationships and the trust he enjoys during this visit. Because of the complete trust people have in the Prime Minister, investors are keen to make greater investments across various sectors,” he said.
Patel said the delegation had held meetings with major companies and investors in semiconductors, artificial intelligence, data centres and manufacturing, as well as financial companies in connection with GIFT City.
He said the response to the meetings had been encouraging. “Many companies are enthusiastic about investing in Gujarat. Very good investment will come to Gujarat,” he said.
The visit was undertaken as part of Gujarat’s preparations for the 11th Vibrant Gujarat Global Summit, which is scheduled to be held from January 10 to 12, 2027.
During the overseas programme, global investors, technology leaders and innovators were invited to participate in investment, collaboration and partnership opportunities at the summit.
The delegation also engaged with members of the Gujarati diaspora. In Canada, Patel met entrepreneurs and business representatives and invited the community to invest in Gujarat and participate in the forthcoming summit.
The delegation was led by Patel and Chief Secretary M.K. Das. It included Additional Chief Secretary of Finance Department, T. Natarajan; Additional Chief Secretary of Industries and Mines Department, Mamta Verma; Principal Secretary to the Chief Minister Sanjeev Kumar; and Additional Principal Secretary to the Chief Minister Dr Vikrant Pandey.
Representatives of Gujarat’s industrial and business community also accompanied the delegation.
The meetings were held with investors, technology leaders, young entrepreneurs, innovators and members of the Gujarati diaspora across the three US cities and Toronto.
Discussions covered investment opportunities and partnerships in emerging technologies and industrial sectors, with the state also seeking participation from international companies in the 2027 summit.
After the delegation returned to Gujarat, senior officials gathered at Ahmedabad airport to welcome Patel, Das and other members of the delegation.
Business
Sensex, Nifty post mild uptick over easing crude prices

Mumbai, Aug 27: The Indian equity markets posted a mild uptick early on Thursday as oil prices edged down on expectations of Iran-Oman talks over opening the Strait of Hormuz.
As of 9.18 am, Sensex added 81 points, or 0.10 per cent, to reach 77,553 and Nifty gained 37 points, or 0.16 per cent, to reach 24,425.
Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 0.31 per cent, and the Nifty Smallcap 100 gained 0.24 per cent.
All sectoral indices on NSE traded in green except Nifty Media. Nifty IT was the top gainer up 0.42 per cent.
Brent crude eased 0.6 per cent to $87.30 a barrel after Iran informed about discussions with Oman to finalise the Strait of Hormuz-related agreement, easing concerns over prolonged oil supply disruptions in West Asia.
“The near-term bias remains cautious and range-bound, with mixed Asian markets and subdued global cues keeping investors watchful. The focus remains on inflation, bond yields and ongoing geopolitical developments, while easing crude prices could provide some support to Indian equities,” an analyst said.
The immediate support for Nifty is placed at 24,000–24,050 level. On the upside, the 24,350–24,400 zone remains a key hurdle for the bulls, market participants said.
In Asian markets, China’s Shanghai index gained 0.63 per cent and Shenzhen added 1.17 per cent. Japan’s Nikkei lost 0.15 per cent, and Hong Kong’s Hang Seng Index eased 0.47 per cent. South Korea’s Kospi added 2.01 per cent.
Overnight, Wall Street ended mixed-to-lower as investors assessed Nvidia’s earnings and renewed concerns over US inflation, while early Asian markets are trading mostly higher.
The US markets ended in red overnight as Nasdaq lost 0.08 per cent. The S&P 500 shed 0.02 per cent, and the Dow Jones dipped 0.21 per cent.
On August 26, foreign institutional investors (FIIs) net bought equities worth Rs 502 crore, while domestic institutional investors (DIIs) bought equities worth Rs 6,425 crore.
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