APPLE BETTING APPS
Wall Street ends slightly up, trade choppy ahead of inflation data
Strategic investments like Volkswagen's $5 billion in Rivian signal a shift towards sustainable energy. The market anticipates further developments in the electric vehicle sector. Investors carefully analyze such moves, impacting stock performances and sector trends. The market remains dynamic, responding to key catalysts and economic indicators for future insights.
Apple supplier Foxconn rejects married women from India iPhone jobs
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
Indians get hooked on 10-minute grocery apps, squeezing small retailers
India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company's grocery warehouse in a middle-class suburb of Mumbai operates precisely, aiming to deliver orders within 10 minutes. Swiggy's bikers, clad in bright orange T-shirts, race against time to collect and deliver packed grocery orders, with the warehouse manager emphasising the need for speed in the entire process.
Indians get hooked on 10-minute grocery apps, squeezing small retailers
India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company's grocery warehouse in a middle-class suburb of Mumbai operates with precision, aiming to deliver orders within 10 minutes. Swiggy's bikers, clad in bright orange T-shirts, race against time to collect and deliver packed grocery orders, with the warehouse manager emphasizing the need for speed in the entire process.
Apple brings ChatGPT to iPhone, unveils Apple Intelligence
At its annual developer conference on Monday, Apple revealed a partnership with OpenAI to integrate the startup's generative AI technology and ChatGPT chatbot into its devices, the iPhone maker announced.
Apple shows off AI features at annual conference
Apple also said it would group messages in its email client starting later this year, categorizing them in a primary folder, a transactions folder, a promotions folder and other more specific groupings, for instance communications by an airline. The high-level categorizations are similar to a now-old feature in competitor Google's Gmail.
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Apple shows off updated, mixed-reality headset at AI-focused event
Apple showcases AI integration at developer conference, including revamped Siri and possible tie-up with OpenAI's ChatGPT for iOS 18.
AI is sole focus at Apple's annual conference
Apple faces competition from Nvidia and plans to introduce AI features in iOS 18 at the conference. The event will highlight advancements in Siri and AI chip technology.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
Apple will revamp Siri to catch up to its chatbot competitors
Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation. It often misunderstood questions.
Apple India sales grow; more sops for electronics makers
Apple's first-quarter revenue fell due to laggard sales in China, but CEO Tim Cook sees growth returning in the current quarter. This and more in today’s ETtech Top 5.
Apple sales fall less than expected, CEO sees return to growth
Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. The buyback is the largest in the company's history, according to Investing.com analyst Thomas Monteiro.
Apple unveils record $110 billion buyback as results beat low expectations
Apple's quarterly results beat expectations with a record share buyback program and increased cash dividend. The $110 billion stock buyback is the largest in the company's history. CEO Tim Cook foresees revenue growth.
Apple tops in blue-collar jobs; election merchandise now on ecommerce
Apple and its supplier network have become India’s leading blue-collar job creator since the start of the production-linked incentive scheme. This and more in today’s ETtech Top 5.
S&P 500 edges lower as investors hold their breath ahead of economic data
The S&P 500 closed slightly lower on Monday after a choppy trading day as investors took a pause ahead of economic data and Fed Chair Jerome Powell's congressional testimony.
Smartphone makers bet on AI to boost sales
Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation and advanced photo editing in efforts to reignite consumer demand. "This potentially could be the start of a new era for smartphones," said PP Foresight analyst Paolo Pescatore, adding the challenge for device makers will be to inform consumers about the new AI-powered tools.
View: Mark Zuckerberg’s 20-year formula for success has expired
For Mark Zuckerberg, the barnstorming success of other parts of Meta Platforms Inc. — the rebranding of the business meant to reflect his vision of the future — means its duds can hide out within the comically cluttered navigation menu on the main Facebook app. Besides, for 20 years, use of the main Facebook service — known as the “blue” app internally — has remained remarkably resilient
Apple set for modest iPhone sales growth, China worries remain
Wall Street expects the company's latest flagship iPhone 15 to face stiff competition from Samsung's new Galaxy S24 packed with generative artificial intelligence features and a Huawei phone powered by a China-made chip.
Samsung bets on Google-powered AI features in smartphone revamp
At its Unpacked conference Wednesday in San Jose, California, Samsung unveiled the Galaxy S24, S24+ and S24 Ultra phones, which all add AI tools based on the Gemini technology from Alphabet Inc.’s Google. The devices can live-translate phone calls, transcribe voice recordings, summarize web articles, fix handwriting and use generative AI to fill in parts of photos.
Microsoft tops Apple to become most valuable public company
For more than a decade, Apple was the stock market's undisputed king. It first overtook Exxon Mobil Corp. as the world's most valuable public company in 2011 and held the title almost without interruption.
Cobranded credit card rush; threat of complete ban on offshore crypto apps
Happy Friday! Banks are pushing the pedal on their cobranded credit card strategy as they gain traction through large consumer facing internet companies. This and more in today’s ETtech Morning Dispatch
Apple, Google block e-SIM apps in India; Multiverse of foodfluencers
Apple and Google have blocked two e-SIM apps – Airalo and Holafly – from their Indian app stores following a government directive. This and more in today’s ETtech Top 5.
Pepperfry FY23 report card; Microsoft’s Ahmed Mazhari on India’s role in AI adoption
Omnichannel furniture retailer Pepperfry narrowed losses slightly to Rs 187.6 crore in FY23 from a year ago while operating revenue grew modestly. This and more in today’s ETtech Top 5.
Barring iPhones, sales dip for Apple devices; used-car startups diversify as growth tanks
Though sales of Apple iPhones in India are skyrocketing and outperforming the broader smartphone market, shipments of other Apple products are likely to take a hit this year, suggest analysts. This and more in today’s ETtech Morning Dispatch.
Govt bans Mahadev, 21 illegal betting apps; cyberattacks against India spike
Controversial betting app Mahadev is among 22 illegal betting apps that the government ordered to be blocked on Sunday, following an investigation and raids by the Enforcement Directorate (ED). This and more in today’s ETtech Morning Dispatch.
Apple pulls predatory lending apps from India App Store
Apple has removed several predatory lending apps from the App Store in India, after users took to social media and complained about them.
Things aren’t as bad as you think: Byju Raveendran tells employees; I-T dept follows social media influencers
Despite his eponymous edtech facing a series of setbacks, founder and CEO Byju Raveendran struck a determined and optimistic note in a virtual townhall with employees on Thursday, telling them the company would bounce back. This and more in today’s ETtech Top 5.
Exclusive: Need solid reason to take down banned betting apps, says Apple
While the iPhone maker has not outright refused to comply with the February order by the ministry of electronics and information technology, Apple has made it clear that it cannot “arbitrarily” remove the betting apps.
Exclusive: Apple seeks ‘concrete reason’ to take down banned betting apps; Silicon Valley’s Tribe Capital eyes $250 million India fund
Apple has told the Indian officials that it needs "concrete reason or a legal requirement" to fully comply with its directive to disable betting apps from its App Store.
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