Tariffs

The Nifty 50 fell 5 per cent, opening at 21,758 — marking its biggest intraday loss since March 2020. The BSE Sensex also opened with a sharp decline of 5.19 per cent, at 71,449, a news report stated. The drop was result of panic selling witnessed across Asian markets

While pharmaceutical and energy products have been spared, industries like automobiles, metals, and manufacturing face significant challenges

In FY24, India exported auto components worth $21.2 billion, accounting for approximately 4.5 per cent of the total $1.2 trillion global auto component trade. North America remains a crucial market, with the U.S. alone importing $7.6 billion worth of Indian auto components.

Reliance Jio and Airtel have increased their tariff plans starting today. The change in pricing of monthly, quarterly, and annual plans will affect all the users of the company.

The last few months have brought the telcos under massive pressure with regulatory hurdles and an adverse court judgment resulting in massive losses for some in the last reported quarter. In order to ease some of the pressure, all the major operators have announced tariff hikes for prepaid customers.

As per statistics, e-traffic through mobiles will be 6 billion by 2020 and this is the future of the market