Connect with us
Friday,04-April-2025
Breaking News

Business

India TV market soars to record high in 2021, Smart TVs leads

Published

on

The post-pandemic economic recovery, faster upgrades in the entry tier and pent-up demand aided by festive sales helped India’s TV shipments grew at highest-ever 24 per cent (on-year) last year, a new report showed on Thursday.

The smart TV market grew even faster at 55 per cent (on-year) in 2021 and 65 per cent (on-quarter) in Q4 2021 to reach its highest ever shipments for a calendar year.

The overall smart TV share in the TV market soared to 84 per cent in 2021 from 67per cent in 2020, according to latest research from Counterpoint Research’s IoT Service.

“Newer brands are offering advanced display technologies like OLED and QLED at attractive prices, which is also helping in enhancing the viewer experience. Besides, features such as Dolby Atmos and Vision, better sound system, higher refresh rate and larger screen size are gaining ground among buyers,” said research analyst Akash Jatwala.

The share of TVs which are above 40-inch reached 42 per cent in 2021, compared to 31 per cent a year ago, which implies Indian consumers are moving towards bigger-size TVs, “especially for watching OTT content and communicating with their dear ones virtually” Jatwala added.

Online channel continues to grow at a faster pace and its contribution increased to around 31 per cent in 2021.

“The pandemic changed the buying habits of many consumers, making them prefer online shopping from the comfort of their homes,” said senior research analyst Anshika Jain.

Xiaomi continued to lead the smart TV segment in 2021 with 18 per cent market share, followed by Samsung (also with 18 per cent share) and LG with 11 per cent market share in 2021.

OnePlus saw a record 354 per cent shipment growth during the year and ranked fifth in smart TV shipments. realme shipments grew 72 per cent YoY in 2021, the report noted.

National

Amit Shah to visit J&K for three days from April 6, hold security review meets

Published

on

Jammu, April 4: Union Home Minister Amit Shah will be on a three-day visit to Jammu and Kashmir from April 6 to hold security review meetings and inaugurate development projects.

The Home Minister will chair two important security review meetings and will also virtually inaugurate some developmental projects.

HM Shah, as per sources, will hold a meeting with the BJP MLAs in Jammu on April 6. He will take feedback from the BJP MLAs, especially about the budget session of the Legislative Assembly, which will resume on April 7 after a 12-day break. The session is scheduled to adjourn sine die on April 9.

The performance of the BJP MLAs in the Assembly during the first budget session of the present government will come up for review during the meeting.

He will review the political situation in the union territory with the party MLAs. Shah will be in Jammu till the afternoon of April 7 and then proceed to Srinagar. He will return to Delhi on April 8. Minister of State (PMO) Dr Jitendra Singh will join the home minister in Jammu.

Amit Shah is scheduled to undertake a tour of the International Border in Jammu. He will meet the family members of police martyrs.

Two terrorists were killed, and four police personnel were martyred in the Kathua encounter last week.

In Srinagar, the home minister will chair two separate security review meetings of Unified Headquarters and the annual pilgrimage of Shri Amarnath Yatra.

He will be dedicating a number of multi-crore projects to the people of the UT through virtual inauguration and a foundation stone laying ceremony.

During Shah’s Unified Headquarters meeting, a strategy for ensuring zero infiltration and the elimination of terrorists from the mountains and forests of the Jammu region besides the Kashmir Valley will be reviewed, sources said.

Union Home Secretary Govind Mohan, MHA officials dealing with Jammu and Kashmir, heads of Intelligence agencies and paramilitary forces will also join Amit Shah in security review meetings.

The second security review meeting will be held exclusively for security and other arrangements for the annual Shri Amarnath Yatra, scheduled to start on July 3 and end on August 9.

The Home Minister will also inaugurate and lay the foundation stone of multi-crore projects virtually from Srinagar.

Chief Minister Omar Abdullah will also be joining the function for the dedication of developmental projects by HM Shah.

The CM is likely to have a separate meeting with the Home Minister.

Continue Reading

Business

Stock market ends lower as investors take cautious approach on US tariffs

Published

on

Mumbai, April 3: The Indian stock market closed lower on Thursday as investors remained cautious following US President Donald Trump’s announcement of new tariffs.

The new tariff structure includes a 10 per cent tax on all US imports, with higher tariffs on countries with a trade surplus. India will now face a 27 per cent tariff.

The Sensex fell 322.08 points, or 0.42 per cent, to close at 76,295.36. During the day, the index fluctuated between an intraday high of 76,493.74 and a low of 75,807.55.

The Nifty also ended lower, down 82.25 points, or 0.35 per cent, at 23,250.10.

“The primary catalyst for today’s decline was deteriorating global sentiment, exacerbated by US President Trump’s announcement of a 26 per cent reciprocal tariff on Indian imports, which prompted a cautious stance among investors,” said Sundar Kewat of Ashika Institutional Equity.

Tech stocks led the losses, with TCS, HCL Tech, Tech Mahindra, Infosys, and Tata Motors declining by up to 4.02 per cent.

On the other hand, Power Grid Corporation, Sun Pharma, Ultratech Cement, NTPC, and Asian Paints were among the top gainers, rising as much as 4.57 per cent.

The IT sector was the worst performer, with the Nifty IT index dropping 4.21 per cent, dragged down by Persistent Systems, Coforge, TCS, and Mphasis. Auto, oil & gas, and realty stocks also struggled.

However, pharma stocks performed well, with the Nifty Pharma index climbing 2.25 per cent. Banking, healthcare, FMCG, and consumer durables stocks also saw gains, rising up to 1.94 per cent.

Despite the overall market decline, smallcap stocks outperformed, as the Nifty Smallcap100 index gained 0.58 per cent.

Market analysts stated that investors are expected to remain watchful of global developments and their impact on market trends.

“The domestic market initially showed signs of recovery but ended with modest losses after the announcement of a relatively lower 26 per cent tariff on US imports,” said Vinod Nair of Geojit Investments Limited.

“Although the tariff presents short-term challenges, India’s economic resilience and bilateral trade agreement may help mitigate the overall impact,” he stated.

The rupee ended flat but traded in a volatile range between 85.75 and 85.35, as markets reacted to Trump’s reciprocal tariff policy.

Continue Reading

Business

India’s GDP growth projected at 6.7 pc for FY26, cyclical recovery expected

Published

on

New Delhi, April 3: India’s economy is set to grow at 6.7 per cent in FY26, driven by a cyclical recovery and steady market performance, a new report said on Thursday.

Cyclical recovery refers to the phase in an economic cycle that follows a recession or slowdown, during which economic activity, consumer spending, and business investments start to rise.

Over the past five years, India has witnessed strong earnings growth, with the NIFTY index recording a 20 per cent compound annual growth rate (CAGR), according to a Lighthouse Canton report.

As the economy moves forward, the next phase of growth will depend on key factors such as government capital expenditure, tax benefits for the middle class, and improved consumer demand.

These elements are expected to support earnings recovery and market confidence in 2025, the report said.

India’s investment-led expansion has played a crucial role in economic growth. While the government continues to focus on fiscal discipline, private sector investments are expected to gain momentum, contributing to long-term stability.

The Reserve Bank of India’s recent 25-basis-point rate cut — the first in nearly five years — signals a supportive stance for economic growth.

“India’s economic engine continues to offer long-term promise, however, 2025 will require greater selectivity and discipline,” said Sumegh Bhatia, Managing Director and CEO of Lighthouse Canton in India.

He added that the investors will need to navigate shifting cycles, watch for inflection points in earnings, and remain anchored in fundamentals as the global order undergoes further transformation.

On the global front, market trends and currency movements will influence India’s financial landscape, as per the report.

The strength of the US dollar and rising global trade activity are shaping investment flows, while gold remains a preferred asset due to its resilience amid global uncertainties.

“Additionally, crude oil prices are expected to remain stable, benefiting India’s import-dependent economy,” the report noted.

In 2025, the focus remains on sustainable growth, disciplined market strategies, and long-term investment opportunities, it added.

Continue Reading

Trending