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Markets open on positive note

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Sensex equity Nifty

Mumbai, Sep 11 The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 37,251.03 and touched a high of 37,261.25 and a low of 37,222.60.

The Sensex is trading at 37,204.95 up by 59.50 points or 0.16 per cent from its Monday’s close at 37,145.45.

On the other hand, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 11,028.50 after closing at 11,003.05. The Nifty is trading at 11,019.70 in the morning.

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Samsung ‘Galaxy Fold’ coming to India on Oct 1

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New Delhi, Sep 24 : Samsung is finally bringing its much-anticipated and most-premium smartphone “Galaxy Fold” to India on October 1 — just a month after its global debut in South Korea — highly-placed sources told IANS on Tuesday.

The smartphone-cum-tablet “Galaxy Fold” smartphone is likely to be priced between Rs 1.5 lakh-Rs 1.75 lakh in India. It will be sold through select retail outlets and will be available only via pre-book mode, the sources added.

Galaxy Fold will come with exclusive access to specialized customer care services – including one-on-one access to Samsung experts, and a 24/7 support hub online or over the phone.

The smartphone was originally set to be released on April 26 but the manufacturer delayed it to fix units that experienced display issues.

Galaxy Fold comes with a 7.3-inch Infinity Flex Display and six cameras. The device has a secondary 4.6-inch screen on the cover of the phone. It opens up with 7.3-inch infinity flex display and when closed, it becomes 4.6 inch display with a 12:9 ratio.

The premium smartphone is backed by 7nm Qualcomm Snapdragon 855 octa-core SoC, paired with 12GB of RAM and 512GB storage.

“Galaxy Fold” combines consumers’ favourite smartphone and tablet features to deliver a new kind of experience — from a new form factor and materials to its unique foldable UX, versatile camera and premium performance.

“Consumers have responded positively to larger screens, and the Galaxy Fold’s revolutionary form factor offers a bigger, more immersive screen without sacrificing portability. This is what we call innovation of new mobile experience in action,” DJ Koh, President and CEO of IT and Mobile Communications Division, Samsung Electronics said in a statement recently.

Galaxy Fold is Samsung’s fourth 5G smartphone, following the Galaxy S10, Note 10 and A90, reinforcing its product portfolio for the ultra-fast network.

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RBI bars PMC Bank from business transactions

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Reserve Bank of India RBI

Mumbai, Sep 24 The Reserve Bank of India has placed the Punjab & Maharashtra Cooperative Bank Ltd, Mumbai from carrying out any kind of business transactions, here on Tuesday, sparking panic among the banks depositors and sending shock waves in city trading community.

The apex bank’s Chief General Manager Yogesh Dayal said that as per the RBI directions, depositors cannot withdraw more than Rs 1,000 of the total balance in their savings/current/other deposit accounts.

The PMC Bank has been barred from granting, renewing and loans and advances, make any investments, accept fresh deposits, etc, without the prior written approval from RBI.

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End of Boeing 737 MAX grounding up to individual countries, says US FAA

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Two Boeing 737 MAX aircraft crashed over the past year — the first in Indonesia in October 2018 and the second in Ethiopia in March. The second tragedy led to world aviation authorities and carriers either grounding all 737 MAX series aircraft or closing their airspace to them.

The US Federal Aviation Administration (FAA) said Monday that the FAA continues to follow a thorough process, not a prescribed timeline, for returning the aircraft to passenger service, adding that “aach government will make its own decision to return the aircraft to service, based on a thorough safety assessment”.

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