Photo: India.com
Silver, Gold Price Witnesses Bullish; Gold Inched Up By 0.4%
In the wake of rising concerns over the COVID-19 Delta variant, the gold contracts for August delivery rose by 0.43% to Rs. 47,237 per 10 gm. Similarly, the silver rates were also raised by 0.43% to hit the intraday high of Rs. 68,449 per kg. However, the gold price possessed a hike on July 2 after which several US investors are keeping an eye on the Federal Reserve's monetary policy shift.
Tags: GOLD PRICES, Domestic Market, Gold and Silver Price, 24-carat gold
Courtesy: NDTV
Photo: Sightsln Plus
India's Dixon Technologies To Produce Smartphones For Motorola
An Indian enterprise Padget Electronics, a wing of the Dixon Technologies, has finalized a deal to manufacture smartphones for Lenovo-owned Motorola in India. Dixon Technologies CEO Atul Lall said that the company is planning to produce 70 to 80 million models a year at its Noida-based plant. With this, Padget Electronics are eligible to avail benefits of the centre's new production linked incentive (PLI) scheme for receiving 4-6% incentive… read-more
Tags: Domestic Market, Motorola, Smartphones, Padget, Dixon, Noida
Courtesy: Livemint
Photo: Chandigarh Metro
Defence Ministry Plans To Curb Imports To Military Shops
According to reports, the Defence Ministry has passed an internal order which prohibits "procurement of direct imported items" to over 4,000 military shops. Reportedly, the order does not specify any product and is issued to support domestic goods. The military shops make annual sales of about $2 billion, out of which 6-7% is attributed to imported products. Experts opine the order would affect the liquor imports, which contribute to… read-more
Tags: Defence Ministry, liquor import, military shops, Domestic Market
Courtesy: The Indian Express
Photo: The Financial Express
Central Government Bans Export of All Varieties of Onions
The Union government on September 14 prohibited the export of all varieties of onions with immediate effect. The decision comes amid surge in the prices of onion due to its less availability in the domestic retail market. Reportedly, this year' heavy rains have hit the onion production badly. The Directorate General of Foreign Trade (DGFT) informed, "The export of all varieties of onions… read-more
Tags: Onion, Domestic Market, Central Government, Commerce ministry
Courtesy: The Indian Express
