BUSINESS
Apple likely to move 25% iPhone production to India by 2025: JP Morgan
Analysts have earlier predicted that Apple has shortened the production period of its new iPhones in India this year, barely six weeks or so from the production cycle in China. Next year, Apple iPhone 15 may see its production at the Foxconn and Wistron manufacturing facilities in India at the same time with China.
UK to halve business energy prices this winter
"To administer support, the government has set a supported wholesale price -- expected to be 211 pounds ($238) per megawatt-hour (MWh) for electricity and 75 pounds per MWh for gas, less than half the wholesale prices anticipated this winter -- which is a discounted price per unit of gas and electricity," the government said in a statement.
Vande Bharat Express: Major changes to be made on entire network
This system has been implemented in many countries where high-speed passenger trains run, including China, Japan, France and South Africa. If the Railways plans to run Vande Bharat trains in its entire network, then major changes will have to be made in the whole network and more and more power will also be needed. The existing overhead lines may find it difficult to meet the future demand for high-speed trains running simultaneously.
Days after old policy implemented, Delhi faces premium liquor brand crisis
Private liquor shops were shut and the Delhi government vends were opened from September 1 as the city returned to the old liquor policy. However, the city is experiencing massive shortage of both imported and Indian premium brands of alcohol. "We are unable to provide the liquor of some specific premium brands to the customers as we are not getting it from the back and resultantly, lot of customers go empty handed," said an outlet manager of East Delhi to IANS.
US Fed delivers another big interest rate hike
The 0.75 hike was the fourth in 2022. "We have got to get inflation behind us. I wish there were a painless way to do that," Fed Reserve Chairman Jerome Powell said. "There isn't".
Adani Transmission to become net-zero by 2050
As a part of its continued focus on sustainable growth and its net zero journey, ATL committed for the SBTi in October 2021. ATL will act in alignment with the much-needed climate action and devise a strategy to restrict global warming to 1.5 degree Celsius.
Indices end lower on caution ahead of US Federal Reserve policy announcement
At close, Sensex ended down 262.96 points or 0.44 per cent at 59,456.78, while Nifty closed 97.90 points or 0.55 per cent at 17,718.35. About 2175 shares declined, 1,283 shares advanced while 129 shares remained unchanged on Wednesday. IndusInd Bank, Power Grid Corp and Ultratech Cement were among major losers on the Sensex.
SEBI Chairperson Buch lists core principles that guide regulators
Delivering the keynote address at the Global Fintech Fest 2022 here, Madhabi Puri Buch said: "There is likely to be a regulatory gap when there is something new and innovative that happens in the market. It is up to the regulator to keep pace with that. Our intention is to narrow that regulatory gap in the startup ecosystem."
Forex Indicators for Trend Analysis
You can download Forex indicators absolutely free, and the description of the essence of their work will allow you to immediately understand how exactly they work. For each of the described algorithms, an analysis of the principle of operation, settings and recommendations for use are given.
Rupee ends 23 paise down ahead of Fed policy announcement
At Interbank foreign exchange market, rupee ended at 79.98 as against 79.75 close on the previous trading session against the US dollar. "The rupee closed at a record low following broad-based strength in the greenback and risk-averse moods. The dollar appreciated against major currencies ahead of an expected interest-rate hike by the Federal Reserve and as Russia's escalation of war enervated investors' appetite for risk," said Dilip Parmar, Research Analyst at HDFC securities.
Don't Miss
Advertisement