BUSINESS
PIL in Delhi HC against RBI, SBI permitting Rs 2K note exchange without identity proof
The PIL says that the notifications -- published on May 19 and 20 -- are arbitrary and offends Article 14 of Constitution of India. The plea also seeks a direction to the RBI and SBI to make sure that Rs 2000 notes are deposited in respective bank accounts only, so that people having black money and disproportionate assets could be identified.
Relief for Go Airlines as NCLAT upholds NCLT order
The NCLAT decided on the petitions filed by some lessors who had leased aircraft to Go Airlines. They had challenged the moratorium granted to Go Airlines by the NCLT. The lessors' contention was that the lease agreement with Go Airlines had ended before the NCLT admitted Go Airlines insolvency petition and hence, the airlines has no right over the leased planes.
Why it makes sense for Tatas to make high-end iPhones as Apple eyes India
Currently, iPhone 12 and iPhone SE (second generation) are being manufactured/assembled at Taiwan-based iPhone manufacturer Wistron's Karnataka factory, which Tata Electronics is set to take over soon. Once the final takeover is done, the facility is likely to manufacture new Apple products that may include the upcoming iPhone series.
Outsourced manufactured smartwatch shipments up 15% globally
Luxshare undertook around 40 per cent of Apple Watch production, according to Counterpoint Research. In tier-2, Huaqin ranked first as it produced smartwatches from a variety of brands. Meanwhile, LINWEAR, I DO and Yawell benefitted from the stellar growth of Indian brands.
China hits back at Biden, bans US-based Micron over 'national security risks'
The Chinese government said that Micro products will be banned for sale to the country's key information infrastructure, as the US continues to tighten control on China-based tech companies, reports South China Morning Post.
US on brink of disaster as time runs out to avert debt default
Unless a compromise to raise the government's borrowing authority is reached within days, the US could lose its reputation as the stable anchor of the global economy, CNN reported.
Epstein threatened Bill Gates over his affair with Russian bridge player: Report
According to The Wall Street Journal, Epstein sent the threatening email after he failed to get Gates to set up a multibillion-dollar charity fund. "Epstein discovered that Gates had an affair with a Russian bridge player and later appeared to use his knowledge to threaten one of the world's richest men,"
SL Prez assures to complete debt restructuring, come out of bankruptcy by Sep
The President has said that he took over the bankrupt country and brought its. economy to a stable state by going to the IMF. "The IMF had imposed tough conditions on us. But we had no other options," said.Wickremesinghe, who is also the Finance Minister had introduced severe tax hikes and other hard financial decision to please the.
Markets to remain range bound
BSESENSEX lost 298.22 points or 0.48 per cent to close at 61,729.68 points while NIFTY lost 111.40 points or 0.61 per cent to close at 18,203.40 points. The markets saw the broader indices like the BSE100, BSE200 and BSE500 lose 0.59 per cent, 0.58 per cent and 0.48 per cent respectively. BSEMIDCAP lost 0.19 per cent while BSESMALLCAP gained 0.44 per cent.
El Nino on the way, could wipe out $3 trillion of world economy
El Nino, the band of warm ocean water that spans from South America to Asia triggering far-reaching weather changes, has persistently reduced country-level economic growth, attributing $4.1 trillion and $5.7 trillion in global income losses to the 1982-83 and 1997-98 events, respectively.
Don't Miss
Advertisement