Market – India Chron https://indiachron.com Mon, 06 Sep 2021 16:53:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://indiachron.com/wp-content/uploads/2026/02/favicon-4-150x150.png Market – India Chron https://indiachron.com 32 32 iPhone 13 satellite feature to launch in selected markets: Reports https://indiachron.com/business/iphone-13-satellite-feature-to-launch-in-selected-markets-reports/ Mon, 06 Sep 2021 16:53:51 +0000 https://indiachron.com/iphone-13-satellite-feature-to-launch-in-selected-markets-reports iPhone 13 series is likely to launch sometime this month and the latest information from Bloomberg’s Mark Gurman offers details on what the annual Apple fall launch event may introduce. The event is likely to bring the iPhone 13 range and the Apple Watch Series 7. While the report indicated smart watch production delays, Gurman says that the wearable will still be announced at the event. Availability is reported to be in limited quantities or delays for certain models. Gurman also says that iPhone 13’s anticipated satellite feature will only be available in select markets.

Gurman’s latest PowerOn newletter hints that the new iPhone 13 will reportedly get the anticipated satellite feature. The report also suggests that the iPhone 13 may not get the feature immediately and functionality is likely to go live next year. While the hardware support will be embedded in the iPhone 13 range, the feature will not be rolled out for a few months. Gurman clarifies that the feature will not allow users to use the iPhone 13 as a satellite phone and have the ability to make calls anywhere in the world without cellular coverage.

He adds, “That’s not happening now, next year or anytime in the near future. Launching such a feature would require hardware not ready for prime time, would be expensive and could cause a revolt from the iPhone carries that Apple relies on.” The new satellite feature will reportedly allow users to transmit short emergency texts and send SOS distress signals for crises, like plane crashes or sinking ships, in remote areas. The newsletter says that the emergency feature will only work in areas without any cellular coverage.

 

]]> Zomato shares see 80 Percent growth on first day https://indiachron.com/business/india-zomato-shares-of-food-delivery-roars-in-market-80-growth-seen-on-first-day/ Fri, 23 Jul 2021 09:31:33 +0000 https://indiachron.com/india-zomato-shares-of-food-delivery-roars-in-market-80-growth-seen-on-first-day The listing was pushed forward by four days and comes as India’s stock market near all-time highs.

The stellar performance reflected strong investor interest in internet-based start-ups that have done well during the pandemic.

In the run up to the listing some analysts raised concerns about the high valuation of the loss-making business.

Shares in the Ant Group backed app traded as high as 138.9 rupees each ($1.87), valuing the company at about $12bn.

Zomato’s share offering last week drew bids worth $46.3bn as it was more than 38 times oversubscribed, with big institutional placing major bets.

Ahead of the stock market debut, Zomato’s founder Deepinder Goyal tweeted “The future looks exciting. I don’t know whether we will succeed or fail – we will surely, like always, give it our best.”

In the year to the end of March, Zomato’s losses narrowed to around $110m, even as its revenue from operations fell slightly.

The home-grown food delivery platform, which was launched in 2008, operates in about 525 cities across India and partners with almost 390,000 restaurants.

 

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