Morning scan: all big stories for you to start for that day
Almost 10k cellphone shop closed
In the past year, thousands of handset retail stores, around 8 percent of a total of 120,000 have closed due to the lumbers and giant e-commerce that attracted consumers with discount telephones, business standard reports that quoted predictive studies.
What is shown: The North Indian region has seen the worst, with almost 10 percent of the outlet that is closed.
North India usually contributes more than 35 percent of total handset sales.
Western region, contributing nearly 30 percent of sales, has seen 9 percent shop closed, followed by 6 percent in the south and 3 percent in the east.
Open the Spree key gives high truck rentals
Demonstrating a clear indication of economic activities taken in the country, truck rentals have increased sharply throughout the suitcase route in the last two weeks when the state begins to unlock phase, reports of business standards.
How important: Assisted by increasing factory output from most bulk goods and last year’s low basis, the shipping rate rose an average of 12 percent.
This is the highest jump in a witch rental two weeks since March.
But analysts are careful.
Although the increase in shipping tariffs seemed encouraged, the road to full recovery will be long.
Although it does reflect the recovery of demand to a certain extent, many of it is a natural pass because of the increase in diesel prices.
Dynamics of demand and supply will define the path of future interest rates.
India becomes a global hub for ESIMS with the help of Idemia
Idemia augmented identity and a leading SIM card to make India global hub for the manufacture of embedded Sims, reports of business standards.
How it is important: Idemia, with a 2.3 billion euro income, is building a SIM manufacturing capacity (ESIM) which is embedded throughout the world and has placed within a fifth of the 60 million annual capacity at the factory in Noida.
What’s more, the company plans to expand capacity and make plants become one of its biggest esim factories.
It is also committed to spending 200 million euros every year in India for the next five years for research and development.
Idemia makes a big bet in India with a standard SIM card. At present, it produces more than 600 million SIMs in this country, which accounts for more than 67 percent of its global production and its largest factory in Noida.
It has provided more than one billion standard SIMs to Indian customers and controls more than 40 percent of this market.
The Indian ESIM market is still in growth, with around 1 million users, although the three Indian cellular operators offer services to their customers.
Portal 2.0 can allow payment by UPI, card
New Income Tax Portal tends to add more private banks to collect taxes and other quantities, such as costs, penalties, and refunds paid based on IT laws, business standards.
Important Ways: The portal will also provide several payment options, including through an integrated payment interface (UPI) and credit card.
At present, taxpayers have the option to make payments through net banking from large private and public sector banks, making it difficult for those whose banks are not part of the portal.
Transactions through debit cards are permitted but not widely used.
The new e-filing portal 2.0, launched on June 7, is developing many of these features to facilitate the process of archiving taxes and provide options for taxpayers.
‘The PSA oxygen generator in the hospital is not a panacea’
In an interview with business standards, Moloy Banerjee, Head of South Asia, South Asia Linde, talked about the development of capacity and the benefits of PSA setting up planting medical oxygen demand.
Among those who supply a considerable percentage of medical oxygen is Linde PLC through its subsidiary of India Linde and Indian Praxair.
The company plans to regulate an additional 1,000 tons of separation capacity to increase the production of oxygen, nitrogen and argon, with around 75 percent of oxygen capacity.
