Panjim (Goa): Three Monkeys, as a brand gives an instant India connection. Voila! India witnessing a new revolution for ‘Swadeshi’ says Dr Mohan Krishna, founder of Cheers group. “The India of today is not just ‘Local for Vocal’ but also providing a global platform to take it to the world” he adds. The best thing…
New Delhi: iPhone maker Apple will start manufacturing its wireless ear buds AirPods at Foxconn’s Hyderabad factory, according to sources. Foxconn has approved an investment of USD 400 million for Hyderabad plant which is expected to begin mass production by December 2024. “Foxconn Hyderabad factory will make AirPods. The factory is expected to begin mass production…
New Delhi: Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official data released on Monday. The Consumer Price Index (CPI) based inflation was at 4.87 in June and 6.71 per cent in July 2022. Previously, high inflation was recorded at…
New Delhi: India’s exports contracted by 15.88 per cent to USD 32.25 billion in July this year from USD 38.34 billion in the same month last year, the government data showed on Monday. Imports during the month also declined by 17 per cent to USD 52.92 billion from USD 63.77 billion in July 2022. During April-July…
New Delhi: Deloitte has resigned as auditor of the Adani group’s port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the…
Hyderabad: The Board of Directors FIT Hon Teng Ltd (Foxconn) approved the investment of USD 400 million in Telangana, V Lee, Foxconn India representative said in a social media post. Taiwan-based contract manufacturer Foxconn is Apple’s biggest supplier. “…FIT Singapore’s proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private…
Mumbai: Reserve Bank Governor Shaktikanta Das Friday pitched for the “expeditious completion” of the 16th general review of the quotas at the International Monetary Fund (IMF), pointing out that the same can help the multilateral lender assist distressed countries in a better way. Addressing a G20 seminar on the global economy, organised by the Finance Ministry…
Mumbai: Finance minister Nirmala Sitharaman on Friday called for concerted global efforts led by rich nations to help indebted countries deleverage at a time when multilaterism is the most potent challenge. Addressing online a G20 session, organised by the finance ministry and the Reserve Bank here, ahead of the grouping’s summit next month in New Delhi,…
Mumbai: The Reserve Bank of India on Thursday decided to keep policy rate unchanged for third time in a row as it maintains heightened vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy, RBI Governor…
Mumbai: Reserve Bank on Thursday proposed to increase the per transaction payment limit to Rs 500 for UPI Lite in offline mode and announced other measures to further deepen the reach and use of digital payments in the country. Presently, a limit of Rs 200 per transaction and an overall limit of Rs 2,000 per payment…
