The demand for high-end smartphones in tier-2 and three cities is reportedly 50 percent above it had been in 2019 thanks to increasing brand awareness, more payment options and pent-up demand. Mobile retailers in these smaller cities and towns are seeing record demand for phones priced above Rs 40,000 just like the newly launched Samsung flip phone and Apple’s iPhone 13 series, an Economic […]
RBI issues Master Direction on loan transfer
The Federal Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to possess a comprehensive board-approved policy for such transactions. Loan transfers are resorted to by lending institutions for various reasons, starting from liquidity management, rebalancing their exposures or strategic sales. Also, a strong secondary market in loans will help in creating additional avenues for raising […]
WHO’s Emergency Use Authorization For Covaxin “Expected Soon”: Health Ministry
The market gained 1.5 percent within the week ended September 24, with the Sensex marking yet one more milestone of 60,000 on the rear of supportive domestic and global factors. On September 23, the Federal Reserve System , needless to say , left interest rates and bond-purchase programme unchanged. The US financial institution , however, signalled that tapering of the bond-buying was closer and a rate hike […]