A sharp selloff engulfed domestic markets in the second half of the trading session amid fears that a second-wave of Covid-19 infections could derail India s already fragile economic recovery. India today reported 28,903 fresh cases, the most in a day since December 13 last year and the highest in 2021. Amid this backdrop, PM Narendra Modi called for quick and decisive steps to check the emerging second peak PM Modi in a virtual meet with the state chief ministers stressed that if we do not stop it here, then a condition for a nationwide outbreak may emerge. Besides, investors also chose to stay on the sidelines ahead of the Federal Reserve policy outcome later tonight. According to Vinod Nair of Geojit Financial Services, a final decision of the FOMC meeting will decide the trend of the market in the short-term. On a consensus basis, an accommodative policy is expected by the Fed, which will help the global market to stabilize.
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India Business News: Entities who need to send out bulk messages to their customers, such as those involved in banking, logistics and e-commerce, will need to complete the
Synopsis
ET had, in its March 9 edition, reported about the disruption caused to several online services because of the inability of telemarketers and others to register their sender IDs and context of texts on the blockchain platform of telcos.
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According to sources aware of the matter, the overall commercial SMS drop rate came down to 33% on Tuesday from 40% the day before.
The Telecom Regulatory Authority of India (Trai) on Tuesday suspended the implementation of its regulation to control pesky messages for a week, a day after a host of services and transactions such as net banking, online railway ticket bookings, ecommerce sales and Aadhaar authentication were disrupted as SMSes and OTPs failed to arrive.
Several online services witnessed disruption on Monday as telemarketers and others were unable to register their sender IDs and context of texts on the blockchain platform of telcos.