Rise

NEW DELHI : Indian buyers are increasingly turning to refurbished electronic devices as global supply chain disruptions take up the prices of new products. While smartphones are primary growth drivers, other electronic products, too, have seen rising demand amid the growth of organized sellers of refurbished goods. According to a report by research firm RedSeer on 5 May, IT services major Tata Consultancy Services Ltd sources 100,000 refurbished laptops every year from…

With the global supply chain operations steadily gaining momentum in the past couple of years, Chhatrapati Shivaji Maharaj International Airport’s (CSMIA) air cargo witnessed a fruitful year in terms of EXIM (export and import) movements in FY22. With a total of 5,56,900 Metric Tonnes (MT) of overall cargo facilitated in FY22, CSMIA’s air cargo observed a rise of close to 30% in movement as compared to FY21. Where international cargo volumes grew by 26% whereas domestic cargo volumes were up by 40% over FY 21. The total…

A new report by US government agencies has warned that coastal flooding is bound to increase significantly over the next 30 years because of “alarming” rise in sea levels. It says the sea level along the coast of the US could increase by as 10 to 123 inches, or almost a foot, above today's levels by 2050 because of rapidly melting glaciers and ice sheets, a direct result of climate change. This rise in sea level is a frightening scenario for those living near the shores. The report — an update to a 2017 report — has…

For a few frenzied weeks, beekeepers from around the United States truck billions of honeybees to California to rent them to almond growers who need the insects to pollinate the state's most valuable crop.But as almond trees start to bloom, blanketing entire valleys in white and pink flowers, so begin beehive thefts that have become so prevalent that beekeepers are now turning to GPS tracking devices, surveillance cameras and other anti-theft technology to protect their precious colonies.Hive thefts have been reported…

The goal of the Roli Seaboard is no less than to inject some soul and virtuosity into digital music, by giving keyboard players the ability to bend and slide notes like guitarists and cello players, to vary volume as easily as a sax player does with breath pressure, and to make filter sweeps and other expressive digital controls part of the physical playing of the instrument. Digital instruments can be monstrously flexible; Roli strives to make them intuitive and natural to play, unlocking new frontiers of music…

Spotify’s latest earnings release suggests that the audio streaming service’s subscriber numbers haven’t seen much, if any, impact from the controversies that surrounded its Joe Rogan podcast just a few short months ago. In the quarter ending March 31st, Spotify says its premium subscribers rose 15 percent on a year-on-year basis to 182 million, up from 180 million the previous quarter. Monthly active users rose 19 percent year-on-year to 422 million, up from 406 million at the end of last year. For context, in the…

Microsoft on Tuesday forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4 percent.Microsoft forecast Intelligent Cloud revenue of $21.1 billion (roughly Rs. 1,61,695 crore) to $21.35 billion (roughly Rs. 1,63,611 crore) for its fiscal fourth quarter, driven by strong growth in its Azure platform. That compared with a Wall Street consensus of $20.933 billion (roughly Rs. 1,60,427 crore), according to Refinitiv data."If there is any macro…

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.The world's biggest smartphone maker forecast 2022 first-quarter operating profits of about KRW 14.1 trillion (roughly Rs. 88010.012 crore), up from KRW 9.4 trillion (roughly Rs. 58492.834 crore) in the same quarter last year. Samsung did not provide details on the performance of its various divisions. The company is expected to release its…

Amazon on Wednesday said it will impose an average 5 percent fuel and inflation surcharge on merchants to warehouse and ship their products in the United States, in response to rising costs.It is Amazon's first such surcharge and follows months of higher wage and labour-related expenses that have chipped away at the online retailer's profit.Effective April 28, Amazon will charge an average 24 cents more per unit it stores and ships through its Fulfillment by Amazon (FBA) service. The surcharge, which is not permanent, is…

Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the slowest pace since it went public in 2004, reflecting regulatory scrutiny that has hurt both its gaming business and advertising sales.China has frozen game approvals since August last year and curtailed gaming time for under-18s, part of Beijing's move to strengthen control over its society and industries including technology, after years of unbridled growth.This has also led to a slowdown in advertising as businesses have…