Category: Business

Business

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

Posted on By admin
Explained | What are the latest revisions to the process for the sale of SIM cards?

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)….

Read More “Explained | What are the latest revisions to the process for the sale of SIM cards?” »

Business

Jio Financial continues slide, likely delaying index removal

Posted on By admin
Jio Financial continues slide, likely delaying index removal

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…

Read More “Jio Financial continues slide, likely delaying index removal” »

Business

Exide Energy to double lithium cell production in Karnataka

Posted on By admin
Exide Energy to double lithium cell production in Karnataka

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,…

Read More “Exide Energy to double lithium cell production in Karnataka” »

Business

Markets climb in early trade on firm global trends

Posted on By admin
Markets climb in early trade on firm global trends

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…

Read More “Markets climb in early trade on firm global trends” »

Business

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

Posted on By admin
Rupee rises seven paise to 83.06 against U.S. dollar in early trade

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…

Read More “Rupee rises seven paise to 83.06 against U.S. dollar in early trade” »

Business

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

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

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,…

Read More “No difference if people don’t eat onions for 2-4 months: Maharashtra Minister Dada Bhuse” »

Business

Explained |  The debate over India’s smartphone manufacturing dreams

Posted on By admin
Explained |  The debate over India’s smartphone manufacturing dreams

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?…

Read More “Explained |  The debate over India’s smartphone manufacturing dreams” »

Business

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

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

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…

Read More “Onion public sale to stay closed indefinitely in Nashik wholesale markets to protest 40% responsibility on export: Buyers” »

Business