Top economy news of the day

India Infoline News Service | Mumbai |

India’s smartphone market grew exponentially in 2013 with handset makers selling over 40mn units to consumers.

India's e-commerce sector is expected to have 7% share of country's retail market amounting to US$60bn by 2023, Technopak Advisors chairman said at 'eTailing India Conference and Exhibition 2014’. (ET)

SEBI may soon tighten its norms for 'related party transactions' of listed companies, by mandating greater disclosures and barring concerned parties from voting for shareholder approvals to such deals. (BS)

India’s smartphone market grew exponentially in 2013 with handset makers selling over 40mn units to consumers. IDC India and Cyber-Media Research said that 14-15mn smartphones were sold in just three months — between October and December — registering a year-on-year growth of 181% according to IDC India, and 172% according to CyberMedia. (ET)

India’s economy in the third quarter of the current fiscal is likely to grow by more than 5%, Prime Minister’s Economic Advisory Council chairman said. (ET)
 

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