Apparel exporters in Tiruppur and Noida have opted to close their manufacturing operations for 10-15 days every month to save operational costs amid a shortage of overseas orders, a report by The Economic Times (ET) said.

However, the apparel exporting units have not yet decided to lay off any employees, executives told ET.

Gold price rose Rs 110 in Wednesday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 61,910, according to the GoodReturns website. Silver price witnessed an increase of Rs 300 per kilogram, with 1 kg of the precious metal selling at Rs 75,100.

The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,750.

The appointments committee of cabinet has named Ravneet Kaur, an IAS officer of 1988 batch, as the chairperson of the Competition Commission of India (CCI).

Kaur will hold the post for a period of 5 years from the date of assumption of charge or till attaining 65 years in age.

The International Cricket Council (ICC) on Monday made helmets mandatory for high-risk positions. This, among several other changes, was approved by the Chief Executives' Committee (CEC) on recommendations from the men's cricket committee led by Sourav Ganguly and the women's cricket committee.

"We also discussed player safety, which is very important for us," Ganguly said. "The committee decided that it was best to make the use of helmets mandatory in certain positions to ensure the safety of players."

Shares of Engineers India (EIL) hit an over three-year high at Rs 103.30, as they rallied 6 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market amid heavy volumes. In comparison, the S&P BSE Sensex was down 0.25 per cent at 62,187.60 at 12:08 PM. A combined around 15 million shares of the company had changed hands on the NSE and BSE.

The stock of state-owned civil construction company quoted at its highest level since January 2020. In past seven weeks, it has zoomed 45 per cent from a level of Rs 71 on March 28, 2023.

Out of all the reported digital payment frauds in India, over half (55 per cent) were United Payments Interface (UPI)-related, a new report released on Tuesday revealed. Another 18 per cent are card related, 12 per cent are related to internet banking and nine per cent are from phishing calls.

Most of the UPI-related frauds, however, have a low ticket size. According to "The Anatomy of Fraud 2023" report by digital solutions platform Bureau and consultancy firm Praxis, 50 per cent of these have an average ticket size of less than Rs 10,000.

The S&P BSE Midcap index hit a 52-week high of 26,567.21 in Tuesday's intra-day trade, on the back of strong earnings and renewed buying by foreign portfolio investors (FPIs). The index surpassed its previous high of 26,440.81, touched on December 12, 2022. It had hit an all-time high of 27,246.34 on October 19, 2021.

Thus far in the calendar year 2023, the midcap index has rallied 4.3 per cent, as against 2.6 per cent surge in Smallcap and 1.8 per cent rise in the Sensex.

The centre is ready to approve the plans of the Vedanta-Foxconn joint venture to make semiconductor chips, a report in The Economic Times (ET) said. Senior government officials told the newspaper that this would be done under the aegis of the $10-billion India Semiconductor Mission (ISM).

With this plan, the government plans to establish India as a global hub for semiconductor manufacturing.

MG Motor started accepting bookings for its small electric vehicle (EV), Comet at 12 noon on Monday. Customers can book their Comet by making a payment of Rs 11,000 on the MG Motor India website and MG Motor dealerships. Deliveries are expected to begin this month but in a phased manner.

In its press release, MG said that more than 80 customisation options of extended vehicle warranty and service packages are available for customers.

Combined with its nutritional values and a push from the government, millets have emerged as the superfood of the future. Consequently, FMCG companies are planning to come up with a variety of edible items for their retail shelves.

Managing director of Tata Soulfull, Prashant Parameswaran was quoted in a Times of India (TOI) report as saying that they were lining up a two-year portfolio of products based on millets. Notably, Tata Soulfull is engaged in making products like ragi bites and millet muesli.

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