Earnings
iPhone 18 Pro Launch Draws Long Queues Across Indian Apple Stores
Apple's latest iPhone 18 Pro and Pro Max have officially launched across India, with eager buyers queuing up for hours at Apple Stores in major cities like Delhi, Mumbai, and Bengaluru. The premium smartphones, starting at ₹1.65 lakh, have seen robust initial demand. This strong launch performance underscores Apple's enduring appeal within the premium smartphone segment of the Indian market. As an "Insights" piece, this story delves into how such high consumer spending on new tech products reflects broader trends in consumer behaviour and the growing purchasing power for high-end electronics. It also touches upon the potential positive impact on Apple's sales and its position in the fast-evolving India Tech Market. This event is significant for tracking consumer electronics trends and their influence on the broader business and market news landscape in India.
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Earnings
India Becomes Asia's 4th-Largest REIT Market as Value Surges 62%
- India's REIT market value rose 62% to $17.7 billion, overtaking Hong Kong in Asia.
- New REIT listings added 53.7 million sq ft, driving portfolio scale and market depth
- Six listed REITs held 178 million sq ft, with 36.7 million sq ft under development.
Global markets
Global Bond Yields Surge as Oil and Inflation Fears Hit Japan, UK and US
- Global bond yields rose as higher oil prices revived inflation and rate-hike fears
- Japan's 10-year bond yield hit 3% for the first time since 1996 amid fiscal concerns
- U.S. Treasury and UK gilt yields rose as investors reassessed inflation and debt risks