Connect with us

Business

Brexit can give better market access to India: SBI

Published

8 years ago

on

Brexit can give better market access to India: SBI

Mumbai: Volatility and decline in the financial markets were obvious after Britain decided to exit the European Union (EU) but there could be some advantages in it for India, chairman of India’s largest state-run lender SBI said here on Friday.

“Uncertainty of any sort results in volatility and Brexit will be no exception. As risk aversion sets in, there would be a decline in financial markets and India would see this impact along with other nations,” State Bank of India (SBI) Chairman Arundhati Bhattacharya said in a statement.

“However, as trade strategies are reworked there could be potential advantages in the form of better market access for India to EU and UK,” she said.

Britain’s decision to opt out of the European Union (Brexit) rattled Indian financial markets on Friday, shaving at one stage some 1,000 points, or 4 per cent, off a key equities index, while pulling the rupee around Rs 68 to a US dollar mark.

Both Finance Minister Arun Jaitley and Reserve Bank of India Governor Raghuram Rajan sought to calm the markets and assured there was no cause for panic as India’s economic fundamentals remained strong and along with other macro indicators.

Around 1.08 p.m., the sensitive index (Sensex) of the BSE was ruling at 26171.75 points, down 830.47 points, or 3.08 per cent, while the Nifty of the National Stock Exchange was trading at 7,990.10 points, down 280.35 points, or 3.39 per cent.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending