Month: August 2023

Explained |  The debate over India’s smartphone manufacturing dreams

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A view of Foxconn’s Sriperumbudur plant in Kancheepuram district. | Photo Credit: File Photo The story so far: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. What happened?…

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Business

Onion public sale to stay closed indefinitely in Nashik wholesale markets to protest 40% responsibility on export: Buyers

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Document photograph of ladies packing onion at a godown in Pimpalgaon, Nashik | Photograph Credit score: EMMANUAL YOGINI Buyers in Nashik on August 21 stated they’ve determined to similar onion auctions indefinitely in the entire Agriculture Make Marketplace Committees (APMCs) in Maharashtra’s Nashik district to protest towards the Centre’s determination to impose a 40% responsibility…

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Business

‘Welcome, buddy!’: Chandrayaan-3’s Lander Module establishes contact with Chandrayaan-2’s orbiter

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An illustration showing the soft-landing of Chandrayaan-3 on the surface of the Moon. The spacecraft is set to land on August 23, 2023 around 6.04 p.m. IST. The Indian Space Research Organisation (ISRO) has been able to successfully establish a two way communication between Chandrayaan-3’s Lander Module and its predecessor Chandrayaan-2’s orbiter.   “‘Welcome, buddy!’…

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Science

Rupee falls 2 paise to close at all-time low of 83.12 against U.S. dollar

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The rupee settled at 83.12 (provisional) on August 21, 2023 against the U.S. dollar, down 2 paise from its previous close. | Photo Credit: Reuters The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 (provisional) against the U.S. dollar on Monday (August 21), weighed down by a…

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Business

Sun bears appear so human-like they are mistaken for people in suits – experts explain

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In this photo released by Xinhua News Agency, a sun bear interacts with tourists at the Hangzhou Zoo in Hangzhou in eastern China’s Zhejiang Province on Wednesday, Aug. 2, 2023. The zoo in eastern China is denying suggestions some of its bears might be people in costumes after photos of the animals standing like humans…

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Science

Jio Financial Services Hit 5% Lower Circuit On Its Maiden Trading Day

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BSE said that the scrip will be in the trade-for-trade segment for 10 trading days. Jio Financial Services, the demerged financial services unit of Reliance Industries, had a volatile market debut on Monday. Shares of Jio Financial Services hit the lower circuit after slipping 5 per cent to a low of Rs 248.90 apiece. On…

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Business

Jio Financial Services Shares Hit Lower Circuit In Debut Trade

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Jio Financial Services Ltd (JFSL) demerged from Reliance last month. (File) New Delhi: Shares of Jio Financial Services, the demerged financial services unit of Reliance Industries, listed on the bourses on Monday, with the stock falling nearly 5 per cent on the NSE later in the trade. On the BSE, shares of the company began…

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