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☆ Counterpoint Research: A lot of optimism on Apple earnings
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCounterpoint Research: A lot of optimism on Apple earningsTarun Pathak, research director at Counterpoint Research, discusses the tech giant's second-quarter results and its $110 billion share buyback announcement.

Persons: Tarun Pathak Organizations: Counterpoint Research

☆ India floods: Death toll from glacial lake burst in Himalayas climbs to 74, at least 100 still missing
▼ + stars: | 2023-10-09 | by ( ) edition.cnn.com time to read: +4 min

Reuters —The death toll from flash floods unleashed by a glacial lake bursting its banks in India’s Himalayas climbed to 74 on Monday with 101 people still missing days after the calamity struck, according to provincial officials. An analysis of the images shows more than 60% of the water held in the lake drained out after the extreme rainstorm triggered a glacial lake outburst. This phenomenon happens when a glacial lake rises too high or the surrounding land or ice gives way and the lake bursts, sending water and debris rushing down mountains. A woman holds a child inside a relief shelter after flash floods, caused by a lake burst in Singtam, Sikkim, India, October 8, 2023. Known as the rooftop of the world, the ecologically sensitive Himalayan region is prone to flash floods and landslides, and flooding is not unusual in Sikkim.

Persons: Sikkim’s, Vijay Bhushan Pathak, Prakash Adhikari, Shama, Francis Mascarenhas, Birat Rai, Mukesh Kumar, “, ”, Kumar, Baiju Sharma, ” Sharma Organizations: Reuters, Indian Army, Residents Locations: Sikkim, Lohnak, Gangtok, West Bengal, India, Jalpaiguri, Nepal, Bhutan, China, Singtam, Teesta, Kalimpong District, Rangpo

A view of damaged vehicles after flash floods, caused by a lake burst in Singtam, Sikkim, India, October 8, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsRANGPO, India, Oct 9 (Reuters) - The death toll from flash floods unleashed by a glacial lake bursting its banks in India's Himalayas climbed to 74 on Monday with 101 people still missing days after the calamity struck, according to provincial officials. He said 101 people were still missing in the latest of a series of natural disasters caused by extreme weather events in the Himalayas. Fourteen army personnel were among the missing, a defence ministry statement said. Parveen Shama, the top district official of Jalpaiguri in West Bengal, said 41 bodies were found in the district.

Persons: Francis Mascarenhas, Vijay Bhushan Pathak, Parveen Shama, Mukesh Kumar, Kumar, Baiju Sharma, Sharma, Subrata Nag Choudhury, Mayank Bhardwaj, Simon Cameron, Moore Organizations: REUTERS, Residents, Reuters, Thomson Locations: Singtam, Sikkim, India, Lohnak, Gangtok, Sikkim's, West Bengal, Jalpaiguri, Nepal, Bhutan, China, Rangpo, Kolkata

☆ Indian rescuers struggle to reach flood-hit areas where over 100 are missing
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

People walk along a street as a jeep is buried in the mud due to the flood at Teesta Bazaar in Kalimpong District, West Bengal, India October 4, 2023. "We are waiting for weather conditions to improve as only then air force and other rescue teams could venture into the flood-hit areas," said V.B.Pathak, the state's chief secretary. Hundreds of search and rescue personnel have been deployed across Sikkim and in the northern parts of the neighbouring West Bengal state. A key highway that linked Sikkim with Siliguri in West Bengal also collapsed due to the floods. Local lawmakers were looking at whether trekking routes could be used to reach disaster-hit areas, said Bandana Chettri, a spokeswoman for the state's tourism ministry.

Persons: Brihat, Bandana Chettri, Subrata Nag Choudhury, Rupam Jain, Edwina Gibbs Organizations: REUTERS, Thomson Locations: Kalimpong District, West Bengal, India, KOLKATA, Sikkim, Gangtok, NHPC, Siliguri, Asia's, Nepal, Bhutan, China

Lhonak Lake in Sikkim state overflowed on Wednesday, causing major flooding that authorities said had impacted the lives of 22,000 people. The latest flooding was exacerbated by water released from state-run NHPC's Teesta V dam, local officials said. As of Thursday evening, 98 people were missing, 17 of whom were army personnel, state chief secretary V.B. "Due to bad weather conditions we cannot have air service towards the northern part of the state," Rai told Reuters. [1/4]An area affected by the flood is seen in this undated handout image released on October 4, 2023, in Sikkim, India.

Persons: V.B, Pathak, Prabhakar Rai, Rai, G.T, Dhungel, Subrata Nag Choudhury, Jatindra, Tanvi Mehta, Krishn Kaushik, Sarita Chaganti Singh, Ruma Paul, Rajendra Jadhav, YP Rajesh, Robert Birsel, Michael Perry, Kim Coghill, Mark Heinrich Our Organizations: NEW, Authorities, Reuters Graphics Reuters Graphics, Disaster Management Authority, Reuters, India Army, REUTERS Acquire, Army, National Disaster Management Agency, Nature Communications, YP, Thomson Locations: NEW DELHI, KOLKATA, India, Sikkim, Asia's, Bangladesh, Chungthang, Mangan, Gangtok, Nepal, Bhutan, China, Siliguri, West Bengal, Pakistan, Peru, Kolkata, Bhubaneswar, New Delhi

Hundreds of people lined up at a flagship Apple store in Beijing to pick up the new iPhone 15 when deliveries began on Friday. As of 10 a.m. Beijing time on Friday, iPhone 15 sales via JD 's Dada one-hour delivery app surged by 253% versus that of the iPhone 14 last year, Dada said. Zhao said he was planning to upgrade from his Huawei device to buy the iPhone 15 Pro Max, which has a list price of 9,999 yuan ($1,370). Strong iPhone 15 pre-salesApples' iPhone 15 pre-sales in China pointed to robust demand. Counterpoint Research's most optimistic outlook for Apple in China predicts a 4% year-on-year decline in Apple iPhone shipments in the fourth quarter.

Persons: Evelyn Cheng, JD, Dada, Zhao, he'd, China Zhao, Will Wong, Alibaba's Tmall, Pro Max, Tarun Pathak Organizations: Apple, CNBC, Huawei, Street Journal, Bloomberg, China's Ministry of Foreign Affairs, IDC Apple, Pro, IDC, Counterpoint Technology Market Research Locations: Beijing, Evelyn Cheng BEIJING, China, Sanlitun, Shanghai, Hangzhou, Americas

☆ People are holding onto their iPhones for a longer period, analyst says
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople are holding onto their iPhones for a longer period, analyst saysTarun Pathak, research director Counterpoint Research, discusses the upcoming iPhone release and the smartphone market.

Persons: Tarun Pathak Organizations: Research

A G20 logo is pictured in front of the main venue of the summit in New Delhi, India, August 24, 2023. The heads of the United Nations, International Monetary Fund, World Bank, World Trade Organisation and World Health Organisation will also be present. DEFENCE IN THE SKIESThe city will be guarded by nearly 130,000 security personnel, including the 80,000-strong Delhi Police, officials said. Modi inaugurated a $300 million venue in the capital in July to host the summit meeting - a conch shell-shaped building that can seat more than 3,000. The government has also leased 20 bullet-proof limousines at a cost of 180 million Indian rupees ($2.18 million) for ferrying leaders.

Persons: Adnan Abidi, Narendra Modi, Joe Biden, Rishi Sunak, Saudi Arabia's Mohammed Bin Salman, Xi Jinping, Vladimir Putin, Sergei Lavrov, Dependra Pathak, Pathak, Ranvir Singh, Biden, Modi, Rupam Jain, Raju Gopalakrishnan Organizations: REUTERS, NEW, India, British, Foreign, United Nations, International Monetary Fund, World Bank, World Trade Organisation, World Health, Delhi Police, Border Security Force, Indian Air Force, Reuters, Thomson Locations: New Delhi, India, Delhi, NEW DELHI, U.S, Saudi, Beijing, Japan, Australia, France, Germany, Ukraine, Pragati, Gurugram, New, Arunachal Pradesh, Srinagar, Kashmir

☆ India rate panel to dial up hawkishness even as it holds policy steady
▼ + stars: | 2023-08-08 | by ( Swati Bhat | ) www.reuters.com time to read: +3 min

A woman walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 6, 2023. A July 13-31 Reuters poll of 75 economists showed the central bank was expected to keep its repo rate unchanged at 6.50% at its Aug. 10 policy meeting. The rise in food prices, however, has been sharper than expected this year and is seen lasting longer. The MPC at its June policy meeting also reiterated its intent of nudging inflation towards its medium-term target of 4% and not just holding it below 6%. "It will also possibly emphasise a larger need to be watchful of the second-round effects of high food prices and inflation expectations."

Persons: Francis Mascarenhas, Shah, Pankaj Pathak, Swati Bhat, Sharon Singleton Organizations: Reserve Bank of India, REUTERS, MPC, Capital Economics, DBS Bank, DBS, ANZ, U.S, Fed, AMC, Thomson Locations: Mumbai, India, MUMBAI

☆ Apple, Samsung could be hit by India laptop and PC import restrictions
▼ + stars: | 2023-08-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In theory, companies from Apple and Samsung to HP will need licenses to import products like laptops and tablets into India. On Thursday, Bloomberg had reported that Apple, Samsung and HP were among the companies freezing imports of restricted products to India, citing people familiar with the matter. Already, Apple has shifted some manufacturing to India for its latest iPhones. Pathak said that the Diwali month festive season accounts for one-fifth of the annual sales of these products that have come under the latest restrictions. "With the festive season approaching, there might be some disruptions in offers and discounts as well and those couldn't be as aggressive as last year due to possible demand and supply mismatches."

Persons: Rajeev Chandrasekhar, Chandrasekhar, iPhones, Tarun Pathak, Pathak Organizations: Apple, Samsung, HP, CNBC, Bloomberg, Counterpoint Research Locations: Mumbai, India India, India, New Delhi

But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further. "Our market position in offline is substantially lower than what it is online," Xiaomi's India head, Muralikrishnan B., said in an interview on Friday. The South Korean giant has a 20% market share in India, while Xiaomi, which historically focussed on budget phones, has 16%. Xiaomi plans to hire more store promoters - salespeople who lure, pitch and sell phones to prospective buyers inside outlets. Another significant India challenge for Xiaomi is a federal agency's $673 million freeze on its bank assets since last year.

Persons: Xiaomi, Flipkart, Muralikrishnan, Tarun Pathak, We'll, Aditya Kalra, Munsif Vengattil, William Mallard Organizations: DELHI, HK, South, Samsung, Research, Thomson Locations: India, Hong Kong

☆ Billionaire Ambani's Reliance Jio renews rural India push with $12 4G phone
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

July 3 (Reuters) - Reliance Jio said on Monday it would launch a 4G feature phone priced at 999 rupees ($12.19), the latest attempt by billionaire Mukesh Ambani's telecom arm to grab market share in India's massive and under-penetrated hinterlands. "There are still 250 million mobile phone users in India who remain 'trapped' in the 2G era, ... at a time when the world stands at the cusp of a 5G revolution," Akash Ambani, chairman of Reliance Jio, said in a statement. Currently, 4G feature phones account for less than 1% of the feature phone sales in India, per Counterpoint Research. "Feature phone to smartphone transition has slowed down due to high learning curve for a lot of rural Indian users and Jio Bharat aims to bridge that gap," said Tarun Pathak, analyst at Counterpoint Research. Feature phones are models that have higher functionalities than basic devices but falls short of the capabilities of a smartphone.

Persons: Jio, Mukesh, Akash Ambani, Bharat, Tarun Pathak, Pathak, Ashna Teresa Britto, Indranil Sarkar, Chris Thomas, Nivedita Bhattacharjee, Dhanya Ann Thoppil Organizations: Reliance, Vodafone, Bharti Airtel, IIFL Securities, Counterpoint Research, Reliance Industries, Google, Thomson Locations: Jio, India

☆ Scores die in northern India as heat wave scorches region
▼ + stars: | 2023-06-19 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

The Indian Meteorological Department (IMD) issued a red alert warning last week for extreme heat in some regions of the country, including Uttar Pradesh and Bihar. There is no concrete evidence of heat wave behind these deaths." The government fired Diwakar Singh, the chief medical official at the main state hospital in Ballia, for saying that the deaths were due to heat. While the heat wave was expected to continue in some regions on Monday, parts of India's northeastern Assam state reeled under floods triggered by heavy rains. Many pockets are expected to receive heavy to extremely heavy rainfall this week, which could lead to flooding," said a senior official with the IMD.

Persons: Ravindra Kumar, Diwakar Singh, Brajesh Pathak, Singh, Rajendra Jadhav, Sudipto Ganguly, Raju Gopalakrishnan Organizations: Indian Meteorological Department, IMD, Reuters, Hindustan Times, Thomson Locations: LUCKNOW, India, Uttar Pradesh, Bihar, Uttar Pradesh's Ballia, New Delhi, Ballia, Patna, India's, Assam, Mumbai

☆ Man City's Guardiola named LMA, Premier League Manager of the Year
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

May 31 (Reuters) - Pep Guardiola was named the League Managers Association (LMA) and Premier League Manager of the Year on Tuesday after guiding Manchester City to the Premier League title. Guardiola led City to their fifth league crown in six seasons and the club are set to face Manchester United in the FA Cup final on Saturday and Inter Milan in the Champions League final a week later. "I am at an incredible football club and without all of the support that I have had throughout my time here, this would not have been possible," Guardiola said in a club statement. Guardiola saw off competition from Arsenal's Mikel Arteta, Brighton & Hove Albion's Roberto De Zerbi, Newcastle United's Eddie Howe, Burnley's Vincent Kompany and Plymouth Argyle's Steven Schumacher to win the LMA award. Reporting by Manasi Pathak in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Pep Guardiola, Guardiola, Arsenal's Mikel Arteta, Roberto De Zerbi, Eddie Howe, Burnley's Vincent Kompany, Plymouth Argyle's Steven Schumacher, Manasi Pathak, Peter Rutherford Organizations: League Managers Association, Premier League Manager, Manchester City, Premier League, Manchester United, FA, Saturday, Inter Milan, Champions League, Brighton & Hove, Newcastle, Plymouth, Thomson Locations: Brighton, Bengaluru

New Delhi CNN —A 16 year-old girl was brutally stabbed and bludgeoned to death in a busy public alleyway in India’s capital on Sunday, sparking renewed outrage over the safety of women in the country and violence perpetrated by men. Sahil, a mechanic, was detained in Bulandshahr in neighboring Uttar Pradesh state, Ravi Kumar Singh, Deputy Police Commissioner for Outer Delhi, told reporters on Monday. Swati Maliwal, chairperson of the Delhi Commision for Women, told ANI she’s never seen such a frightening incident. The frequency of crimes against women in India also appears to be increasing. “We learn to live with this kind of situation in our country which is very unfortunate,” Bhayana told CNN.

☆ India's top female wrestlers detained in New Delhi as Modi inaugurates new Parliament
▼ + stars: | 2023-05-29 | by ( Rhea Mogul | ) edition.cnn.com time to read: +8 min

According to Malik, one of India’s most celebrated female wrestlers, some protesters were peacefully marching to Parliament when scuffles broke out with police. Indian wrestlers Sangeeta Phogat and Vinesh Phogat struggle as they are detained by the police while attempting to march to India's new parliament in New Delhi on May 28, 2023. Indian wrestler Sakshi Malik is detained by the police while attempting to march to India's new parliament in New Delhi on May 28, 2023. Indian wrestler Vinesh Phogat is detained by the police while attempting to march to India's new parliament in New Delhi on May 28, 2023. Prime Minister Narendra Modi addresses at the inauguration ceremony of the new Parliament House, in New Delhi on Sunday, May 28, 2023.

☆ Top Indian wrestlers detained as protest against federation chief intensifies
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, May 28 (Reuters) - Several of India's top wrestlers, including Olympic medallists Bajrang Punia and Sakshi Malik, were detained by police on Sunday as they intensified their protest demanding the arrest of their federation chief over sexual harassment allegations. The wrestlers originally hit the street in January demanding action against Wrestling Federation of India (WFI) President Brij Bhushan Sharan Singh, who has denied allegations of sexually harassing several female athletes. The wrestlers resumed their protest on April 23 demanding Singh's arrest and have since been camping near the new parliament building which Modi inaugurated on Sunday. "They broke the barricades and didn't follow police directions," senior Delhi Police officer Dependra Pathak told local media. Malik, who won the women's 58kg freestyle bronze at the 2016 Rio Olympics, shared photos and video of the wrestlers being dragged away by the police.

☆ Klopp urges Liverpool to keep pressure on after win at Leicester
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - Liverpool manager Juergen Klopp urged his team to keep the pressure on their Premier League rivals in the last two games of the season as they make a late charge for a top-four finish. Liverpool secured Europa League football for next season after Monday's 3-0 win at Leicester City and sit one point behind fourth-placed Manchester United and third-placed Newcastle United, though both teams have a game in hand each. Klopp, whose side are now on a seven-game winning streak, said six weeks ago he had doubts about their chances of playing in Europe next season. "... You wish anyway that the opponent was just losing and you have that kind of pressure off your shoulder. Liverpool host Aston Villa on Saturday before a trip for their final match to Southampton, whose relegation has been confirmed.

☆ Thomas feels no pressure in wearing leader's pink jersey
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

[1/3] Cycling - Giro d'Italia - Stage 9 - Savignano sul Rubicone to Cesena Tudor ITT - Italy - May 14, 2023 INEOS Grenadiers' Geraint Thomas during the individual time trial REUTERS/Jennifer LorenziniMay 16 (Reuters) - Geraint Thomas said he is relishing the opportunity to win the Giro d'Italia and feels no pressure after inheriting the leader's maglia rosa jersey following Remco Evenepoel's withdrawal. Thomas has enjoyed little luck at the Giro but the 36-year-old said he is keen to improve his results. Three years earlier his race came to an end after he damaged his shoulder in a pile-up involving a police motorbike. "It would be amazing to win, especially after 2020 when I thought that was it for my chance to win the Giro," Thomas, who won the 2018 Tour de France, said. "I don't feel much pressure or expectation, but I'd love to take this opportunity.

☆ In-game audio of VAR calls to be released more often next season - Webb
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - Releasing in-game audio recordings of VAR decisions concerning key incidents in Premier League matches is likely to become more common next season, referees' chief Howard Webb has said. In-game audio from key decisions was released for the first time when Webb joined Sky Sports pundits Gary Neville and Jamie Carragher on the Monday Night Football programme to discuss incidents from this season. Webb showed video and audio recordings of interactions between on-field referees and VAR officials discussing in-game situations and explained how the decisions were made. Going forward into next season we will look to do more of the same." VAR was introduced to the Premier League at the start of the 2019-20 season.

☆ Google zeroed in on these 3 categories of climate companies to boost
▼ + stars: | 2023-05-16 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

This year, the 12 companies mostly fell into three broad categories: Artificial intelligence, electric vehicle infrastructure, and providing companies with better data to decarbonize their operations. When I read the headlines about the dangers of the climate crisis, I feel a personal obligation to be a part of supporting innovative climate solutions to scale," Ridenour told CNBC. Google has hosted three climate change startup accelerators for North American companies in the last three years, and all 33 of the participants are all still operating, a spokesperson for Google told CNBC. "Teams are leaning deeper into developing AI and ML models to address climate change," Ridenour told CNBC. Cleartrace is particularly focused on measurement techniques for Scope 3 emissions -- emissions associated with a company's entire supply chain or value chain, which can be fiendishly difficult to track.

☆ Medvedev to focus on more spin, improved sliding on clay
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - World number three Daniil Medvedev said he wants to focus on playing more spin and sharpen his slide to develop his game on clay as he gears up for Italian Open this week. Asked about what he has to do in order to play good tennis on clay, Medvedev told reporters on Tuesday: "Play definitely some more spin. Especially the sliding, I think the sliding was always a problem. Despite not being the biggest fan of clay, Medvedev reached the Monte Carlo semi-finals and Barcelona final in 2019. The Italian Open runs until May 21, with the French Open Grand Slam beginning in Paris a week later.

☆ Busquets to leave Barcelona at end of season
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

[1/3] Soccer Football - LaLiga - FC Barcelona v Getafe - Camp Nou, Barcelona, Spain - January 22, 2023 FC Barcelona's Sergio Busquets holds the Spanish Super Cup trophy aloft before the match... Read moreMay 10 (Reuters) - Barcelona defensive midfielder Sergio Busquets will leave the club at the end of this season after spending 18 years with the Catalan outfit, the team said on Wednesday. Busquets, 34, began his youth career at Barcelona in 2005 before making his first-team debut in 2008. He helped Barcelona win eight LaLiga titles, seven Copa del Rey titles, three Champions League trophies and three Club World Cups. He could add another league title to his achievements this season, with Barcelona leading the points table by 13 points with five games remaining. A report on Spanish TV show El Chiringuito de Jugones said that Busquets has accepted an offer by Saudi Arabia's Al-Hilal along with Lionel Messi.

☆ Honda say Marquez fit for French Grand Prix
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - Honda rider Marc Marquez will return at the French Grand Prix this weekend after recovering from a hand injury, the MotoGP team said on Wednesday. Marquez underwent surgery after breaking the first metacarpal on his right hand following a collision in the season-opening race in Portugal. "Now I am here and fully focused on riding, I have no worries about the injury since it's fully healed. Let's see what the French GP brings and most importantly, work to our maximum." The Spaniard has scored only seven points this season after finishing third in the sprint race in Portugal.

☆ Top fighters unwilling to put legacy on the line - Paul
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

Former world heavyweight champion Anthony Joshua also invited Fury to think again about a future fight, though nothing has been finalised. "It's annoying, I think in boxing fighters are not willing to risk their undefeated record and put it all on the line," YouTuber-turned-boxer Paul told Sky Sports on Sunday at Formula One's Miami Grand Prix. "Even though he lost he did what a lot of other fighters aren't doing and making big fights happen," Paul added. Having lost to Tommy Fury in their fight in Saudi Arabia in February, Paul said he is confident of facing the British reality TV star in a rematch. "It's going to happen, it's going to happen for sure," Paul said.

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