News Bulletin: 10/8/22

▫️India is seeking to restrict Chinese smartphone makers from selling devices cheaper than Rs 12,000, to support domestic smartphone makers.

▫️SBI to onboard 100 million customers to its mobile app YONO.

▫️ Mutual funds inflows dip 43% in July, as investors choose to book profits.

▫️ Electricity bill introduced in Loksabha, which seeks to allow customers to choose their electricity provider.

▫️FMCG companies expect 15-20% volume growth this season.

▫️ Apollo Hospitals acquired a Gurgaon based hospital asset for Rs 450 crore.

▫️ Jio has completed 5G coverage planning across 1,000 cities.

▫️US Senate approved bill to fight climate change and reduce drug prices.

▫️Indian smartphone market grew by 3% in Apr-Jun quarter.

▫️Job demand remained flat in July amidst recession fears.

▫️Softbank posted huge loss in June quarter, which may led to lower funding for Indian startups.

▫️ India’s wheat reserve fell to 15-year low.

▫️ Textile industry is eyeing festive season for revival.

▫️Airtel ready for 5G launch, eyes PAN India coverage by 2024.

▫️Uber to focus on improving service in India.

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