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telecom components to discourage imports and build a robust domestic supply chain as it aims to transform the country into a fully integrated global telecom gear manufacturing hub. The Department of Telecommunications (DoT) is examining a proposal to impose an initial 10% import duty from January and raise it further to 15% by October next year on packaging items, antennae, WiFi switches, plastic/metal housing items, wires/cables, USB ports/connectors, power adaptors and other electrical/mechanical items, among telecom components, said officials aware of the matter. The import duties on these parts and timelines for their implementation are being considered under the government's Phased Manufacturing Programme (PMP) to drive local production and enhance value addition, the officials said. The PMP aims to lend more depth to India's telecom gear manufacturing ambitions by initially incentivising local production of low value accessories and eventually high value components.

Liquidity in the banking system has slipped into its deepest deficit in almost six months, inflating borrowing costs, as outflows due to corporate advance taxes and the Reserve Bank of India's likely actions to stabilise the rupee have drained lenders of funds. As of September 16, the RBI infused ₹68,785.94 crore into the banking system, the most since March 24, central bank data showed. An injection of funds by the RBI into the banking system indicates tight liquidity conditions. An ET report last week said advance tax collections in the first half of this fiscal year have increased 20% on-year to ₹3.54 trillion. «Advance taxes have gone out and GST is coming up, so there can be some tightness of liquidity. Having said that, in about 10 days or so, liquidity will be coming back into the system. In our view, the RBI would be happy with a liquidity range of say minus ₹50,000 crore to plus ₹50,000 crore from a broader perspective,» Indranil Pan, chief economist, Yes Bank, said. «While the advance tax outflows and the GST are relatively normal factors where the flows will come back into the system, the bigger concern from a structural liquidity perspective is the currency sale by the RBI,» Pan said.

Pay transparency is on the rise for job applicants — and momentum suggests that trend will continue, experts said.

NEW DELHI : Nestlé India Ltd’s noodle brand Maggi is making a big comeback at the ₹10 price point, as the packaged consumer goods company aims to stave off competition and claw back market share in smaller towns and villages with an attractive price point. The local unit of the Swiss company, which used to sell Maggi in 100g packs for ₹10, raised the price to ₹12 in December 2014 and further to ₹14 in February last year to account for rising raw material costs. The new ₹10 pack, introduced in so-called Rurban markets (rural markets and small towns) across 15 states, weighs 40gm.

«We don't want an asset that doesn't come with a full wallet,» Rollins said, referring to a trend since the crisis where banks want customers who want loans to also bring them their deposits. «We know that we're going to continue to be fighting for the dollars.» Rollins' southeastern regional bank is not alone.

London | Britain’s auto industry has urged the government to dish out tax breaks or other incentives to encourage people buying electric vehicles (EVs), amid fears that consumer enthusiasm is on the wane.

MUMBAI : Indian Institute of Technology (IIT)-Delhi is overhauling its syllabus after a decade to weave in sustainability and bring in flexibility in engineering courses to engage the younger generation. The institute, established in 1961, is reaching out to India Inc, recruiters and education consultants to bring in more experiential ways of learning. The publicly funded institute is concerned that its corpus of ₹600 crore falls way short of what it needs— ₹10,000-12,000 crore—to build infrastructure and offer better options to grow the institute.

Investing.com — Oil bulls pressed ahead Monday with the momentum they had gained in the past three weeks, closing in on the Saudi wish for triple-digit pricing, as markets awaited the Federal Reserve’s verdict on U.S. inflation creeping again from high energy costs.

By Scott DiSavino and Nichola Groom

The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions. We also have UK CPI and retail sales, as well as global PMI figures to look forward to this week. The BoE could deliver a final 25 bps hike, while the FOMC is seen holding policy unchanged. I think the cable could be heading towards the low 1.20s.

I bought my health insurance policy in 2016 for myself and my wife. I renewed the policy every year by paying timely premiums till last year. In December 2022, I suffered from typhoid and was admitted in hospital for seven days. The treatment cost me around ₹2 lakh. My insurer denied the claim saying that my condition did not require hospitalization. What can I do to get my claim from the insurance company? -Name withheld on request Since you are not satisfied with the response given by your insurer, you have multiple options to file a complaint.

₹5 per kg in Maharashtra. But food inflation won’t ease anytime soon. That’s because inflation in cereal prices, especially wheat and rice, is still high.

₹80-85 trillion in capital expenditure will be made in this sector between 2022-23 and 2026-27. Debt, typically contributing about 70% of the project funding requirement, is expected to play a key role. Given the scale of the funds required, embracing risk-based pricing can help mobilize finance at an optimum cost.

Netflix currently boasts a collection of over 70 mobile games accessible on its platform. This extensive catalog of 74 mobile games for both iOS and Android users has been available since September 18, 2023. While gaming was initially a modest component of Netflix's offerings, it gained momentum over the years, with the introduction of a limited selection of games and VR experiences. The company's foray into the gaming industry expanded significantly in 2021, culminating in the introduction of Netflix Games as an integrated feature within the Netflix app in November 2021, as per a report on WhatsOnNetflix. «Vikings: Valhalla», Samurai Shodown, WrestleQuest, LEGO Legacy: Heroes Unboxed, Cut the Rope Daily, The Queen’s Gambit Chess, Too Hot to Handle 2: The Game, Sonic Prime Dash, Oxenfree II: Lost Signals, Bloons TD 6, Shovel Knight Pocket Dungeon, Dungeon Boss: Respawned, World of Goo: Remastered, TRANSFORMERS Forged to Fight, Laya’s Horizon, Vineyard Valley, Mighty Quest: Rogue Palace, Raji: An Ancient Epic, Terra Nil, Highwater, Dust & Neon, Tomb Raider Reloaded, and Valiant Hearts: Coming Home. Meanwhile, South Korean internet service provider SK Broadband and Netflix Inc said on Monday they were ending all lawsuits with each other, having earlier been in dispute over whether Netflix should pay for costs from increased network traffic and maintenance work. SK Broadband and parent SK Telecom announced in a joint statement with Netflix that they had agreed on a partnership to release joint products and seek ways to use artificial intelligence (AI) products being developed by SK.

NEET), children from government schools were not able to become doctors. “Only students from private schools used to clear NEET till now. But two lists will be prepared from now, one for government school students and another for those from private schools," he added.

If Jigar Shah doesn’t do his job correctly, the company with the second-highest number of fast-charging electric vehicle plugs could lose money or EV owners could have to pay more to fill up

FD interest rates. However, you should keep in mind that issuers offer two interest calculations: simple and compound. Opting for the latter can work wonders for your long-term savings.

₹79,900, it offers a considerably lower price point while sacrificing only a few features like ProMotion and a 5x telephoto camera system. The iPhone 15 Pro comes equipped with a 48MP primary camera capable of capturing ProRAW images and shooting 4K/60FPS ProRes videos, which can consume a significant amount of storage space. Nonetheless, the device still begins with a 128GB storage capacity, which may not be adequate for professionals looking to fully utilize the camera's capabilities.

₹3,847.58 crore fraud case. It also conducted searches at four locations in Mumbai and booked then CMD Kishore Krishnarao Avarsekar in the case, officials said on Monday. CBI came into action after a complaint was filed by the State Bank of India, one of the consortium members which alleged that the fraud took place at its commercial branch in Mumbai.

renewable energy. Saudi officials said the talks with Tesla, made by the Saudi Public Investment Fund, began this summer, and is at very early stage. The US EV maker is entertaining the conversation, but the company could still reject the proposal, the Saudi officials added.

Indigo Books & Music Inc. says founder Heather Reisman has returned to the retailer as chief executive officer.