Tue, Nov 5, 2024 1:23 PM
Rupee hits all-time low; check out key factors leading to INR depreciation
A Flip by Avya Verma
The All India Consumer Products Distributors Federation raises concerns over FMCG companies using e-commerce platforms to sell near-expiry and slow-moving products, threatening small retailers and consumer safety, and urges the Ministry of Consumer Affairs to implement regulatory frameworks and labeling mandates.
Open Flip
Nearly one-and-a-half years after RBI announced withdrawal of ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes which have yet not been returned stands at ₹6,977.6 crore as on Oct 31, 2024, shows the RBI data. The latest data revealed that the currency banknotes which have already been returned comprise 98.04% of the ₹2000 banknotes in circulation as on May 19, 2023.
Open Flip
Arm Holdings (ARM) is set to report fiscal second-quarter earnings after the market closes on Wednesday, with analysts sporting mostly bullish ratings on the chip-design company but looking for little price upside. Of the 12 analysts polled by Visible Alpha, nine have a "buy" or equivalent rating, compared with two maintaining "hold" ratings and one with a "sell."
Open Flip
