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होम » Breaking Briefs

Breaking Briefs

Looming El Nino: Staple companies stock up

With the spectre of El Nino looming, companies dealing in consumer staple food items have started building up higher-than-usual stocks to meet any contingency if the weather effect that lowers rainfall strikes with all its fury
Inventory woes: Consumer companies cut production

The production cuts follow a full-steam-ahead production schedule till May that the companies were pursuing in the hope that demand will revive with the lifting of spirits against decelerating inflation and overall optimistic macroeconomic scenario
Another Anil Ambani co faces insolvency

Another company from Anil Ambani's Reliance Group has landed in the insolvency court. This time it is Reliance Innoventures, where the company has failed to pay the interest of Rs 100 cr on J C Flower loan
Chinese phone cos lose market on premium play

The lure of the premium segment has cost the top Chinese phone manufacturers their market share. They have turned their focus away from the budget segments to the premium slice of the market in search of higher margins.
FAME-II: Govt mulls action on e-scooter cos

The Centre is now contemplating steps to penalise about half a dozen companies that manufacture electric two-wheelers that were hauled up for claiming subsidies originally designed to encourage the adoption of electric vehicles
Screws tightened on unregulated lending apps

Google has now introduced a new security policy under which loan-giving apps will not be able to access users’ contact numbers, photos/videos, call logs, and location details
Are Realme phones snooping on your data?

Questions are now being raised about the credibility of this Chinese company. Customers have accused this smartphone company of data theft. Although several other smartphones also have features that collect user data without their consent and misuse it.
SEBI bans IIFL from taking on new clients for 2 years

The decision dates back to a 2014 inspection that SEBI undertook of IIFL accounts, the motive of which was to check its regulatory compliance
Govt to tighten rules of origin to stem FTA misuse

The government has directed the commerce and industry ministry to wield the ‘rules of origin’ broom to sweep out this inflow. Often substandard goods are manufactured in one country and then routed through other countries with which India has a free trade agreement.
Govt wants to know how much you spend online

The survey would also enquire whether citizens own an electric vehicle. The most comprehensive survey is going to capture how Indians are living and incurring expenditure over the internet.

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