BUSINESS
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.
Rs 2K note withdrawal won't increase gold demand or affect rupee value (Ld)
According to them, the number of Rs 2,000 denomination notes in circulation (or stocked in lockers) is not huge. "The number of Rs 2,000 currency notes in circulation is not large. This is not like demonetisation of Rs 500 and Rs 1,000 currency notes that happened in 2016,"
Rs 2,000 note withdrawal may not impact gold demand, rupee value: Expert
According to the expert, the number of Rs 2,000 denomination notes in circulation (or stocked in lockers) is not huge. "The number of Rs 2,000 currency notes in circulation is not large. This is not like demonetisation of Rs 500 and Rs 1,000 currency notes that happened in 2016,"
Spike in counterfeit notes, people's choice may have contributed to withdrawal of Rs 2,000 banknotes
According to RBI's annual report for FY22, during FY20, 17,020 Rs 2,000 denomination counterfeit notes were detected and the number went down to 8,798 pieces in FY21 and climbed up to 13,604 pieces in FY22. It should be noted that the RBI had stopped printing of the Rs 2,000 notes during FY19.
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