Top headlines: Delhi, slide in ARPU ranking in Mumbai; MSP raised in the middle of protest

 

Delhi and Mumbai slide in ARPU rating, Kerala stays No. 1: Trai knowledge

The information launched by the Telecom Regulatory Authority of India (Trai) final week reveals that each Mumbai and Delhi have misplaced their prized slots when it comes to ARPU worth and tumbled down the pecking order of the highest ARPU circles within the nation within the March quarter of FY20, in comparison with the earlier quarter. Based on telecom corporations, the important thing cause for that is the reverse migration of labour. Learn Extra

Sensex falls 812 factors, Nifty settles at 11,250 amid world sell-off

The benchmark indices slumped on Monday amid a worldwide sell-off triggered by considerations about rising Covid-19 circumstances and information reviews on suspicious transactions involving worldwide banks. The Nifty50 fell 254 factors, or 2.2 per cent, to finish at 11,250 — the most important fall in three weeks, and the Sensex closed at 38,034, dropping 812 factors, or 2.1 per cent. Learn Extra

Farm payments: Govt ups rabi MSP to placate farmers, nationwide stir referred to as

The Central authorities, to calm the anger of farmers at three items of laws on agriculture, on Monday elevated the minimal assist value (MSP) of key rabi crops for the 2021-22 advertising and marketing season by 2-6 per cent, however the hike was termed insufficient by their associations. Learn Extra

Reliance Capital lenders appoint SBI Caps, JM Monetary to promote property

Lenders to Reliance Capital Ltd (RCL) have appointed SBI Caps and JM Monetary to promote the property of the corporate after the Anil Ambani-owned agency defaulted on its debt reimbursement to debenture holders and different collectors. The debenture holders account for 99 per cent of the borrowing of RCL and have fashioned the committee of debenture holders (CODH) for debt decision. Learn Extra

Packaged meals corporations could witness development rebound quickly, say analysts

Investor sentiment in the direction of packaged meals majors — Nestlé, Britannia Industries (Britannia), and ITC — has taken successful, following reviews and notes by brokerages on slowing gross sales development of packaged/read-to-eat

Within the 2019-20 Advertising and marketing season, Punjab, Haryana, and Uttar Pradesh contributed over 70 per cent of the wheat bought for the Central pool.

merchandise in August. The affect was comparatively sharper on Britannia and Nestlé, given their dear valuations. Whereas ITC fell 2 per cent on Monday, Britannia and Nestlé shed over Four per cent every. Learn Extra

Is Indian streaming video market headed for a shakeout after Covid-boost?

Is the Indian streaming video market due for consolidation? In June this 12 months, 60 over-the-top, or OTT, providers have been combating for the eye of India’s 662 million broadband customers. Simply 5 years in the past, their quantity stood at 15. Media Companions Asia (MPA) estimates that funding in programming by OTTs greater than doubled from $260 million (Rs 1,690 crore) in 2017 to $600 million (Rs 4,320 crore) in 2019. Learn Extra

TikTok ban impact: Made-in-India app Chingari crosses 30 mn downloads

Made-in-India short-video sharing platform, Chingari, has introduced that it has crossed greater than 30 million downloads. The social app stated in a Press Release it achieved the feat in a matter of three months, with content material creators making a beeline to hitch it. Chingari stated it has additionally added AR (augmented actuality) filters on its platform to provide content material creators extra superior entrance and rear Digital camera instruments. Learn Extra

Committee seeking to seize casual sector actions caught on pattern

The statistics workplace is planning to come back out with an annual survey of unincorporated enterprises that can assist seize casual sector actions within the gross home product (GDP). Nonetheless, a panel trying into that is caught over one essential situation. The problem is whether or not the annual survey ought to change the pattern each time as is finished at the moment when this survey comes out after a spot of 5 years. Learn Extra

Covid-19 affect: Contemporary public sale spherical possible for ONGC, Oil India blocks

The Ministry of Petroleum and Pure Fuel (MoPNG) is developing with a recent technique to extend hydrocarbon manufacturing within the nation. It’s more likely to open bidding for manufacturing enhancement contracts (PECs) of previous oil blocks of Oil India (OIL) and Oil and Pure Fuel Company (ONGC). Learn Extra

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