Audio equipment companies are out to woo those who not only use mobile devices to listen to music and watch videos or movies, but also want to enjoy a home theatre-like experience. Sharath Santhakumaran, director–lifestyle, at audio equipment maker Harman International (India), pegs the global market for home and multimedia acoustic devices at $13 billion (Rs 79,547 crore). Harman's brand JBL has a range of wireless portable speakers and docking ports for iPads and iPhones. JBL Charge, a portable audio system, even sports a USB port to charge mobile devices. Bose India has noise-cancelling headphones (QuietComfort 20) and mini speakers (SoundLink) aimed at the mobile segment. "Companies providing high-end solutions for music and photography will keep themselves tied to the mobile ecosystem," predicts Faisal Kawoosa, who leads the telecoms and semiconductor & and electronics practices at CyberMedia Research.
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Enterprise
Educational loan disbursement falling since FY20
Just six states account for 57% of education loans given by scheduled commercial banks across the country
Unacademy sacks 12% staff in latest round of layoffs
The edtech unicorn will lay off around 380 employees.
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According to the report, close to 64% of employers in the services and manufacturing sector are keen to increase their resource pool across industries in the April to June period of FY23-24.
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The market regulator says that the move will give greater flexibility to the industry, and will allow the self-sponsored AMCs to continue the mutual funds business.
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