Mumbai: Shares of InterGlobe Aviation slumped 10.7 per cent to Rs 1,397.75 on Wednesday after the company's co-founder Rakesh Gangwal raised corporate governance issues at the airline with the Securities and Exchange Board of India. This was the biggest fall in the stock since August 2016 and the third largest since listing in November 2015. The stock had fallen as much as 17.5 per cent to a low of Rs 1,291 earlier in the day. Shares of rival airline SpiceJet ended up 2 per cent at Rs 119.60 after gaining as much as 9.4 per cent intraday. “If today any corporate governance issue emerges, then market always punishes that particular stock and IndiGo has suffered due to that," said Amnish Aggarwal, head of research at Prabhudas Lilladher. “However, if there is a rift in management and if it leads to investigation by the Sebi, then it can start to have a bearing on the overall sentiment on the stock.” Gangwal held 37 per cent stake in the airline as of the latest filing. … [Read more...] about InterGlobe in a tailspin, stock loses 11%
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US administration finally has some good news for tech giant Apple. It has signed a trade deal with China after under which it has exempted Apple from paying 15% import duty on iPhones, iPads and MacBooks. The hike was due to become effective from December 15 and could have added about $150 to the price of iPhones, says a Bloomberg report quoting Wedbush Securities analyst Dan Ives. Ives said that Apple’s earnings per share could have declined by about 4% if the company had absorbed the tariffs without increasing the product prices. And in case, it had increased the price of Apple devices, demand might have shrunk by 6 to 8% in 2020. This would also mean a major setback for Apple, especially during the crucial holding shopping season. “Trump delivered an early Christmas present to Apple. If this tariff went through it would have been a major gut punch for semi players/Apple and could have thrown a major wrench into the supply chain and demand for the holiday season,” … [Read more...] about No likely price hikes for Apple iPhones, iPads, and MacBooks — for now
The new Mac Pro starts at $9999, which already makes it one of the most expensive computers you can buy. For that price you’d expect some impressive performance stats, and the Mac Pro does deliver in that regard, with an 8-core processor, 32GB of RAM, and 8GB graphics card and 256GB of the speedier solid state storage. But if you need absolutely the most powerful Apple computer on offer, you’re going to need close to $100,000. The new Apple Mac Pro starts at expensive and goes up from there. Picture: Brittany Hosea-Small / AFPSource:AFP Fully-specced out, the Mac Pro will set you back $84,778 for a maxed-out model offering a 28-core processor (which adds $11,200 to the price), a massive 1.5TB of RAM (which contributes a staggering $40,000), two graphics cards with 32GB of memory apiece ($17,280) and 4TB of solid state storage ($2240). Apple’s Afterburner card can also be added for better video rendering performance for an additional $3200. An extra $640 adds wheels … [Read more...] about Apple’s new Mac Pro can cost almost $100,000, but why?
Realme is all set to launch the Realme Buds Air, the company’s first truly wireless ear buds, on December 17 along with the Realme X2. The company has been teasing the buds for a while now in an attempt to keep the hype going. Given that they intend to compete with the likes of the Apple AirPods, the fact that they look identical notwithstanding, the Realme Buds Air is being placed as a more affordable alternative to the Rs 10,000 plus Apple offerings. The Realme Buds Air are supposedly coming with a proprietary R1 SoC which makes them Realme’s player to contend against Apple’s AirPods 2 that run on the Apple H1 chip. They are also supposed to deliver almost 17-hours of playtime on a single charge. Now, a whole report has surfaced online that gives us pretty much all the information one could need regarding these buds. PriceThe Realme Buds Air are expected to be priced at Rs 4,999. This information comes from a post on Flipkart that … [Read more...] about Realme Buds Air price and specs leak before December 17 launch: Here’s what you can look forward to
The tug of war between Spotify and Apple has intensified, with the Swedish music streaming service now calling Apple a “monopolist”.Taking exception to Spotify’s complaint with the European Union (EU) last week alleging iOS App Store rules to be unfair, Apple slammed Spotify for wanting “all the benefits of a free app without being free”.According a Variety report on Sunday, Spotify said that “Apple’s response to our complaint before the European Commission is not new and is entirely in line with our expectations”.“Every monopolist will suggest they have done nothing wrong and will argue that they have the best interests of competitors and consumers at heart,” said Spotify which entered the India market in February.“This is evident in Apple’s belief that Spotify’s users on iOS are Apple customers and not Spotify customers, which goes to the very heart of the issue with … [Read more...] about Now Spotify hits back, calls Apple ‘monopolist’