Nifty down 232 points as volumes on NSE close to highest in recent times

Mumbai (IANS) Nifty opened lower with a gap on Wednesday and fell through the day to end lower for the second session, said Deepak Jasani, Head of Retail Research at HDFC Securities.

At close, Nifty was down 1.15 per cent or 231.9 points at…

Noise, Il Jin Electronics JV to boost manufacturing of smart wearables in India

New Delhi (IANS) Homegrown connected lifestyle brand Noise on Tuesday announced a joint venture with Il Jin Electronics, a subsidiary arm of Amber Enterprises India Ltd, to boost the manufacturing of smart wearables in the country.

Noise currently…

CDIL to add assembly lines, boost capacity by 100 mn units in India

New Delhi (IANS) Semiconductor chips and components manufacturer CDIL on Tuesday announced that it will be adding new semiconductor packaging lines in India.

This addition of semiconductor packaging lines by CDIL (Continental Device India Pvt.…

Jio Financial will emerge as a disruptive force but scale buildup will take time, says report

New Delhi (IANS) Jio Financial Services will emerge as a disruptive force in the financial space, but the scale buildup will take time, Elara Capital said in a research.

Jio Financial is a financial powerhouse in the making, operating fintech…

Small food manufacturers urges PM Modi to initiate investigation on WHO's report on food consumption trends in India

New Delhi (IANS) Indian Sellers Collective, an umbrella body of leading trade associations and sellers across the country, has come down heavily on a report by WHO which advocates restricting the growth of small independent retailers selling indigenous…

Govt announces family pension for LIC employees, hikes gratuity limit for agents

New Delhi (IANS) Government on Monday announced family pension at a uniform rate of 30 per cent for the welfare of the families of LIC employees.

It has also enhanced the gratuity limit from Rs 3 lakh to Rs 5 lakh for LIC agents.

Announcing…

Domestic markets give up momentum

New Delhi (IANS) The domestic markets relinquished their momentum as they anticipated a draft of policy rate decision due this week, said Vinod Nair, Head of Research at Geojit Financial Services.

While the Nifty 50 fell 59.05 points to end…

itel set to launch India's most affordable 5G smartphone, to be priced below 10K

New Delhi (IANS) Just in time for the festive season, itel Mobile India is expected to launch India’s only 5G-enabled smartphone under Rs 10,000 in the country.

Sources told IANS on Monday that the much-anticipated 5G marvel, itel P55 5G, is…

Legal action by Akasa Air: Over 40 pilots face lawsuit for abrupt resignations

New Delhi (IANS) Akasa Air has initiated legal action against more than 40 pilots who recently left the airline to join other carriers. This sudden departure of pilots has compelled the airline, which commenced operations in August of the previous…

Vodafone Idea pays Rs 1701 crore to DoT for spectrum auction instalment

New Delhi (IANS) Vodafone Idea has made a requisite payment of Rs 1,701 crore to the Department of Telecommunications telecom department towards 2022 Spectrum Auction Instalment.

In a regulatory filing, Vodafone Idea said the payment is in…