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Explained | What are the latest revisions to the process for the sale of SIM cards?

August 22, 2023 admin

Image for representational purposes The story so far: On August 17, seeking to further tackle the menace of cybercrimes and financial fraud, Union Minister for Telecommunications Ashwini Vaishnaw introduced two reforms. These entail revision of norms for bulk procurement of SIM cards and registering the final point of sale (PoS) by the licensees (or providers)….

Business

Chandrayaan-3 is on schedule to land on moon, system check underway

August 22, 2023 admin

Students with painted faces surround a replica of the Chandrayaan-3 spacecraft in Chennai on August 22, 2023. | Photo Credit: AFP Four years after its predecessor crashed on the lunar surface minutes before touch down, Chandrayaan-3’s lander module with the rover in its belly on Wednesday will once again attempt to land on the Moon…

Science

Jio Financial continues slide, likely delaying index removal

August 22, 2023 admin

File picture of people standing next to a logo of Jio Financial Services ahead of its listing ceremony at the BSE in Mumbai, on August 21, 2023 | Photo Credit: Reuters Shares in India’s Jio Financial Services (JFS) slid the maximum allowed 5% for a second straight day on Tuesday, which will likely delay their…

Business

Exide Energy to double lithium cell production in Karnataka

August 22, 2023 admin

At present, Exide Energy is setting up a plant of 6,000 gigawatts (GW) production capacity in Devanahalli Industrial Area. The plant is expected to begin operations in 2024. | Photo Credit: Photo for representation only Exide Energy, which is currently setting up a lithium battery cell plant at Devanahalli Industrial Area 2nd phase, near Bengaluru,…

Business

Markets climb in early trade on firm global trends

August 22, 2023 admin

Representational image only. | Photo Credit: Reuters Equity benchmark indices began the trade on an optimistic note on August 22, extending their previous day’s rally amid a firm trend in global markets. The 30-share BSE Sensex climbed 92.83 points to 65,308.92 in early trade. The NSE Nifty gained 35.5 points to 19,429.10. From the Sensex…

Business

Rupee rises seven paise to 83.06 against U.S. dollar in early trade

August 22, 2023 admin

Representational image. | Photo Credit: The Hindu The Rupee recovered from its all-time low levels and appreciated by seven paise to 83.06 against the U.S. dollar in early trade on August 22, as the American currency retreated from its elevated levels. Forex traders said the Rupee is trading in a narrow range as selling pressure…

Business

No difference if people don’t eat onions for 2-4 months: Maharashtra Minister Dada Bhuse

August 22, 2023 admin

Maharashtra Minister Dada Bhuse. File | Photo Credit: Vivek Bendre Amid protests by farmers and traders against the Centre’s decision to impose 40% export duty on onions, Maharashtra Minister Dada Bhuse has claimed it would make no difference if people did not consume the staple vegetable for two to four months. The State PWD minister,…

Business

Russian space agency chief blames decades of inactivity for Luna-25 lander’s crash on the moon

August 21, 2023 admin

File photo of a picture taken from the camera of the lunar landing spacecraft Luna-25 during its flight to the moon shows the mission emblem and the bucket of the lunar manipulator complex. | Photo Credit: Reuters The head of Russia’s space agency said on August 21 that the Luna-25 spacecraft crashed into the moon…

Science

Explained | The debate over India’s smartphone manufacturing dreams

August 21, 2023 admin

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?…

Business