In the second quarter of this year, smartphone shipments in the country have increased by eight percent on a year-on-year basis. The increase in the launch of new smartphones in various segments is a major reason behind this. In the second quarter, American devices maker Apple’s iPhone 16 has the highest shipment.

According to the market research firm Counterpoint’s monthly smartphone tracker, the country’s smartphone has increased shipments on the new launch in the mid and premium price range in the second quarter after weakness in the first quarter. Apart from this, smartphone companies’ efforts related to marketing, EMI’s easy options and bundle offers have also contributed to increasing shipments. In the second quarter, the wholesale market of smartphones increased by 18 percent on the year-on-year basis. This is the highest increase in this particular quarter so far.

This Report It has been reported that the segment of Ultra-Permina smartphone (price of more than Rs 45,000) has increased by about 37 percent on a year-by-year basis. Apple and South Korea’s smartphone maker Samsung has retained its strong position in this segment. No-cost EMI offers, trade-in programs and special summer discounts are the main reasons behind the increase in sales of these companies. Samsung has secured first place with about 23 percent market share in terms of smartphones’ shipments value. However, Apple’s iPhone 16 has the highest shipments in the second quarter.

Vivo has been at the forefront of volume in the smartphone market. This China smartphone maker has received strong demand in a price category of Rs 10,000 to Rs 15,000. Vivo’s T and Y series smartphones have received good response from customers. The Samansang ranks second in the volume. The Nothing shipments, including the new companies in the smartphone market, have increased by 146 percent on a year-old year basis in the second quarter. It has retained the tag of the fastest growing smartphone brand in the sixth consecutive quarter. Shipment of Motorola’s smartphones has increased by 86 percent in the second quarter. This sub-brand of China’s Lenono has got the benefit of increasing its presence in offline retail.

In the last few years, the use of Artificial Intelligence (AI) has increased in many sectors. However, there are also apprehensions about a large number of employment decrease in some industries from AI. Along with this, the number of jobs related to AI and machine learning (ML) is increasing.

A media Report A report by Naukri, which included the country’s major employee websites, has been quoted as saying that in the first quarter of the current financial year, AI-related jobs have increased by 38 percent on a year-old basis. Naukri has been posted on Naukri between April and June, more than 35,000 AI and machine learning jobs have been posted. Non-AI Tech Jobs has increased by about eight percent during this period. A large part of AI’s jobs (53 percent) was in the AI sector. After this, these jobs have increased by 48 percent in the banking sector. These jobs have increased by 39 percent in IT enabled services and BPO sectors.

This report titled ‘AI: Friend, Foe or Frenemy’ has collected information on the basis of candidates searching more than 60,000 jobs, thousands of job listings and recruiter survey. The tech industry is also divided over the impact on AI’s employment. In this regard, CEO of AI Safety and Research firm Anthropic, Dario Amodei says that by 2030, about 50 percent white-collar and entry level jobs will disappear. However, CEO of Nvidia, Jensen Huang argues that the situation of these jobs will change but it will not end completely.

Alphabet’s CEO, Sundar Pichai recently said that AI could not replace workers despite increasing the use of AI. Pichai had reported that AI acts as an accelerator instead of Human talent options. This makes it easier for the company to take advantage of more occasions in the emerging area of technology. Pichai had said, “I hope our existing engineering base will be extended by next year.” Their attitude is different from companies that sees AI as a means of reducing the cost.

Infosys involved in large software companies have received relief from the pre-show cause notice related to the Rs 32,403 crore Goods and Services Tax (GST). The Director General of GST Intelligence (DGGI) has stopped the proceedings on this notice given to the company from FY 2018-19 to 2021-22.

Infosys has told the stock exchange in a filing that the matter has ended after getting information from DGGI. The company has said, “In the context of our communication in July and August last year, we are informing that the company has received information from DGGI to discontinue pre-show causes from FY 2018-19 to 2021-22.” The company has said that it received a pre-show cause notice from DGGI on the issue of non-payment of IGST for the period from July 2017 to March 2022 under reverse charge mechanism and Infosys responded to this notice.

The company said, “According to the pre-show causes notice for this period, the GST amount was Rs 32,403 crore. The company was informed about the closure of pre-show causes notice from DGGI in August last year. The matter has ended with the communication of June 6, with the communication of 6 June.”

In the fourth quarter of the previous financial year, Infosys profit has decreased by about 11.75 percent on a year-on-year basis. The company’s estimate of growth in revenue for the current financial year is also indicating increasing competition in this sector. Infosys has estimated up to three percent growth in revenue. However, the company’s margin guidance is estimated at 20-22 percent. In the fourth quarter of the last financial year, Infosys has acquired a profit of about Rs 7,033 crore. This is a decline of about 11.75 percent compared to the same period of the previous financial year. The company has increased by about 7.92 percent to Rs 40,925 crore on a year-by-year basis in the fourth quarter. The figure was Rs 37,923 crore in the same period of the previous financial year. The company had said that Mitsubishi Heavy Industries (MHI) has invested in the Joint Venture Hipus headed by Infosys. This has increased the company’s presence in Japan.

Last year, the International Shipments of Smartwatch have declined by about seven percent on a year-on-year basis. In this market, American devices maker Apple has retained its first place. China’s Huawei and South Korea’s Samsung are ranked second and third respectively.

Market research firm counterpoint Report According to, the international sales of Smartwatch have come down for the first time last year. This market has decreased by about seven percent. The major reason for this is the decrease in Apple’s shipments. However, Apple retained its first place despite a fall of about 19 percent on the year-by-year basis in shipments. China’s Huawei and Xiaomi’s share in this market has increased. Huawei has gained about 35 percent growth on a year-on-year basis. Samsung ranks third with an increase of nearly three percent. The company has a strong demand for Galaxy Watch 7, Galaxy Watch Ultra and Galaxy Watch Fe Series.

In this market, Xiaomi has achieved the highest growth with about 135 percent on a year-by-year basis. Xiaomi has ranked in the top five companies for the first time. The company’s Watch S1 and Redmi Watch series have a major contributor to sales. China’s growth in this segment of China is about 22 percent. This report states that the upgrade in basic smartwatch is a reason for decreasing sales. Basic smartwatch market in India has had a major impact. There are reasons like decrease in innovation and slow replacement cycle behind this. Last year, India’s stake in Smartwatch’s international shipments declined from 30 percent to about 23 percent.

For the first time in this market in China, most of the most shipments have been recorded. In this, China has surpassed India and North America region. Countterpoint analysts are expected to improve the demand for wearables this year. This year, there may be recovery in the market of Smartwatch and it can register growth in single digit. Both Android and iOS smartwatch can integrate features and advanced sensors related to Artificial Intelligence (AI). This can increase health data.