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iPhone 13 launch: Can Apple capture a larger market share in India?

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Apple

 Apple is all set to unleash its new iPhone models on September 14. With its upcoming iPhone 13 series launch, it is primed to build on its recent growth momentum in India with a potential double-digit growth for the full year.

“I believe the new generation of iPhones will come with enhanced camera upgrades, faster A15 Bionic processor, always-on display, dynamic 120Hz refresh rates, and bigger batteries, amongst others. Increased local assembly, expanded retail initiatives including online store, aggressive marketing initiatives, and positive consumer appetite including, especially iPhone loyalists, will potentially fuel Apple’s growth.

“As we run into the all-important festive quarter, Apple does need to navigate some potential headwinds ahead, including potential supply chain constraints, and associated increase in component prices,” CMR’s Head, Industry Intelligence Group, Prabhu Ram, told IANS.

Apple registered more than 140 per cent growth in India in the second quarter this year, as iPhone 11 continued to perform well with a strong aspirational brand value, according to CMR.

iPhone 11 contributed over 60 per cent of the iPhone shipments during the April-June quarter in the country. The rest of the iPhone line-up, including Apple iPhone 12, XR and SE 2020 also performed well.

“Apple is likely to capture over 2 per cent share in 2021, its highest annual share ever. Apart from this, local manufacturing will help it to further localise its operations and save on the duties that can make help to bring the cost of its products down. Additionally, refurb market is also growing and entry to enter into Apple ecosystem can now happen from sub Rs 20K price points.

“Going forward we expect Apple and are on track to record its best annual performance in India ever since,” market intelligence firm Counterpoint’s Research Director Tarun Pathak said.

Apple has already started manufacturing certain iPhone models, including the latest iPhone 12, in India. The Cupertino-based tech giant started manufacturing iPhones in India in 2017 with iPhone SE, and now manufactures some of its most advanced iPhones in India, including XR, iPhone 11, and now iPhone 12.

“Apple was never a mass product for markets like India. It’s a gradual game for them in India and they should never go after market share by thinking of affordable iPhones. That goes against the brand image. This season, however, I see positive news for the Luxe segment (above Rs 50,000) as the target segment has rather saved money and hasn’t got affected much due to the pandemic,” techARC Founder and Chief Analyst, Faisal Kawoosa, noted.

The iPhone 13 lineup may mirror the iPhone 12 family of phones, with a 5.4-inch iPhone 13 Mini, 6.1-inch iPhone 13, 6.1-inch iPhone 13 Pro, and 6.7-inch iPhone 13 Pro Max. The devices are said to be powered by Apple’s next-generation A15 chip manufactured based on TSMC’s 5nm+ process.

The entire iPhone 13 range is also expected to sport the LiDAR sensor, which first appeared in the latest generation iPad Pro in March this year followed by the iPhone 12 Pro and iPhone 12 Pro Max.

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FIIs return to Indian markets, pump in over Rs 10,000 crore in October

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Mumbai, Oct 16: After months of selling, foreign investors seem to be regaining confidence in Indian stock markets as the data from NSDL shows that between October 7 and October 14, Foreign Institutional Investors (FIIs) were net buyers in five of the last seven trading sessions, purchasing shares worth over Rs 3,000 crore in the secondary market.

Their buying in the primary market was even stronger, crossing Rs 7,600 crore, as per the data.

Provisional data from the NSE also indicates that FIIs continued their buying streak on October 15, adding another Rs 162 crore.

This renewed buying interest has come alongside a steady rise in key market indices.

Since the beginning of October, both the Sensex and Nifty have gained around 3 per cent, while the BSE MidCap index has climbed 3.4 per cent and the SmallCap index has advanced 1.7 per cent.

The sudden shift in foreign fund flows has surprised many market watchers. Some analysts see this as a short-term rebound, while others believe it reflects improving corporate earnings prospects and stabilising economic conditions in India.

This turnaround is a sharp contrast to the heavy outflows seen earlier this year. From January to September 2025, FIIs sold more than Rs 2 lakh crore worth of shares in the secondary market.

This happened even as the Reserve Bank of India and the government took several steps to support growth, including GST rate cuts, a steep repo rate reduction in June, and an upgrade in India’s sovereign credit rating by S&P.

During that time, Indian markets lagged behind global peers. The Sensex and Nifty rose only about 3 per cent, while the MidCap and SmallCap indices fell 3 per cent and 4 per cent, respectively.

Now, sentiment is improving on hopes of a possible India–US trade deal amid growing US–China tensions.

Expectations of a US Federal Reserve rate cut later this month are also fueling optimism, as it could bring more liquidity into emerging markets and commodities.

Experts believe India remains an attractive investment destination for global investors, supported by a weaker rupee, relatively modest valuations, and expectations of double-digit earnings growth for Nifty companies in the second half of FY26.

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Sensex, Nifty open higher on positive global cues

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Mumbai, Oct 15: Indian stock markets opened on a positive note on Wednesday, taking cues from the upbeat global sentiment.

The Sensex climbed 243 points, or 0.30 per cent, to trade at 82,273, while the Nifty rose 79 points, or 0.31 per cent, to start the day at 25,225.

Commenting on the Nifty’s technical outlook, experts said that though the 20-day SMA stepped in yesterday, to limit the extent of the drop, we prefer to give more weightage to the bearish engulfing pattern, thus acknowledging the prevailing bearish bias.

“Meanwhile, we remain equally prepared to switch sides, if Nifty manages to push beyond 25230. However, we will wait for a break beyond 25330 to play directional upsides,” they added..

Buying was seen across most sectors, with heavyweights like Bajaj Finserv, Bajaj Finance, NTPC, L&T, Power Grid, BEL, Bharti Airtel, Trent, and Asian Paints leading the gains. These stocks moved up by as much as 1.2 per cent in early trade.

However, some pressure was seen in select counters such as Tech Mahindra, Axis Bank, Infosys, and Titan Company, which slipped up to 1.2 per cent.

In the broader market, the Nifty MidCap index gained 0.38 per cent, while the Nifty SmallCap index advanced 0.20 per cent — indicating a positive trend beyond the frontline indices.

Among sectoral indices, Nifty IT and Financial Services rose 0.6 per cent each, while PSU Bank and Realty indices also traded higher — reflecting a broadly optimistic market mood.

Experts said that investors are likely to track global market trends, crude oil prices, and institutional flows for further direction.

“In the current environment of heightened volatility and mixed market cues, traders are advised to maintain a cautious “buy-on-dips” approach, particularly when using leverage,” analysts said.

“Booking partial profits during rallies and maintaining tight trailing stop-losses is recommended to manage risk. Fresh long positions should be considered only if the Nifty sustains above the 25,300 mark,” they added.

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Explained: EPFO overhauls withdrawal rules to boost transparency, ease access for 30 crore members

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New Delhi, Oct 14: The Employees’ Provident Fund Organisation (EPFO) has restructured its partial withdrawal regulations, combining 13 distinct clauses into three main categories: Essential Needs, Housing Needs, and Special Circumstances. This change aims to make it easier to access provident fund savings.

For the nearly 30 crore members who collectively own a corpus of about Rs 30 lakh crore, the reform aims to make the withdrawal process quicker, simpler, and more transparent.

The revised framework, referred to as EPFO 3.0, has standardised withdrawal limits.

Depending on the goal, members can now access up to 100 per cent of their eligible provident fund balance, which includes employer and employee contributions. However, at least 25 per cent of the EPF balance needs to stay in the account in order to maintain a safety net for retirement.

This implies that members can keep the required balance while withdrawing up to 75 per cent of their total corpus.

Additionally, the new regulations standardise the requirements for services. In the past, there were specific requirements for each type of withdrawal, such as five years of service for housing purposes and seven years for marriage-related withdrawals.

All partial withdrawals are now subject to a single 12-month minimum service period, which streamlines the procedure and removes any ambiguity.

Members will no longer need to provide documentation of their withdrawals under the “Special Circumstances” category, which is a significant relaxation. In the past, withdrawals under this heading required proof of emergencies, such as natural disasters or job loss.

The new clause, which permits members to leave without giving a reason, is anticipated to reduce red tape and expedite approvals.

The EPFO has also increased the withdrawal limits for marriage and education-related withdrawals. Instead of the previous cap of three combined withdrawals, members can now make up to 10 withdrawals for education and five for marriage.

Stricter guidelines for final settlements are also introduced by the reforms, though. In contrast to the previous two-month eligibility window, members can now only apply for an early final settlement 12 months after quitting their job and for pension withdrawal 36 months later.

In the event of a job loss, the 25 per cent minimum balance requirement only applies to partial withdrawals; it does not apply to full settlements.

While it is anticipated that the simplified framework will increase efficiency and transparency, workers who are laid off or have experienced extended periods of unemployment may find it difficult to obtain their provident fund savings immediately during a time when they may need it most, due to the revised settlement timelines.

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