In the June quarter of 2024-2025, smartphone exports hit $2 billion, well ahead of non-industrial diamond exports, which stood at $1.44 billion.
Posts tagged Rediff
Monetary Policy’s Strong Message To NBFCs (14-10-2024)
The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don’t opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.
Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity (14-10-2024)
The Securities and Exchange Board of India (Sebi) has intervened in the matter concerning alleged irregularities by Trafiksol ITS Technologies, which had come out with a Rs 45 crore initial public offering (IPO) last month. In an ex-parte order, the market regulator has said it will undertake a detailed examination into the disclosures made by the small and medium enterprise (SME) company in its draft offer document. BSE had halted the listing of Trafiksol, a software provider for traffic systems, amid complaints around use of the issue proceeds and wrongful disclosures.
Wholesale price inflation rises to 1.84% in Sep (14-10-2024)
The wholesale price inflation rose to 1.84 per cent in September as food items, especially vegetables, turned costlier, as per the government data released on Monday. The wholesale price index (WPI)-based inflation was 1.31 per cent in August. It was (-)0.07 per cent in September last year.
‘Humility, Clarity Were Ratan’s…’ (14-10-2024)
‘It is notable how humble he was and didn’t want anything different just because he was a Tata.’
Will China’s Loss Be India’s Gain In EV Race? (14-10-2024)
Lithium-ion cells, primarily imported from China, are likely to become cheaper following punitive tariffs imposed by the US on Chinese battery cells.
‘Anybody who met Mr Tata came away with a story’ (14-10-2024)
Late Ratan Tata always ensured employees are taken care of along with the well-being of their families across the Tata Group companies, which shaped a number of leaders across the conglomerate, and there really was no one like him, Tata Sons chairman N Chandrasekaran said on Monday. Recollecting his association with Tata (86) who passed away last week, in a post on networking platform LinkedIn, he wrote, “Anybody who met Mr Tata came away with a story about his humanity, warmth, and dreams for India. “There really was no one like him.”
India-focused funds log first weekly redemption… (14-10-2024)
India’s stock markets are experiencing a shift in investor sentiment, with a 30 per cent surge in Chinese stocks, prompting investors to move money from domestic markets to China. This reversal of fortunes is a notable change from the past three years, where China’s losses benefited India.
Israel-Hamas war: Trade with W Asia holds steady (14-10-2024)
A year after a Hamas attack against Israel on October 7 and the ensuing Israeli invasion of the Gaza Strip, India’s trade with most West Asian countries has largely escaped any major disruption, except with countries like Israel, Lebanon, and Jordan. However, repeated flare-ups of geopolitical tensions in the region continue to drive up shipping and logistics costs.
High Time India Resists Real Estate Mania (14-10-2024)
Once we break free of the idea that land is scarce, real estate is just a pile of bricks, steel, and glass. Any price surge will kick off a supply response, which kills off the possibility of sustained price appreciation, points out Ajay Shah.