Telecom minister Jyotiraditya Scindia promised full government support to address issues faced by telecom equipment manufacturers. In the second stakeholders advisory committee meeting, industry leaders discussed growth targets and job creation. The minister emphasized a time-bound, industry-friendly approach. Equipment manufacturers will contribute best practices from other countries for the growth of the domestic and international telecom sector.
The shift to a low-carbon economy required over $6.5 trillion annually for 15 years. Successful climate strategies included policy, regulation, finance, and technology. Blended finance models, combining public and private investment, proved effective in funding green projects in Quebec and emerging economies like India, enhancing the feasibility of such transitions.
Kunal Agarwal's move from Samsung India to Xiaomi India in February triggered the departure of 20-30 Samsung executives to Xiaomi. This shift helped Xiaomi regain market leadership, while Samsung slipped to third place, dealing with inventory problems and conflicts with offline retailers over pricing and stock availability.
The Congress leaders are scheduled to meet INDIA bloc members Omar Abdullah and Farooq Abdullah of the National Conference here and later may interact with the PDP chief Mehbooba Mufti as well. Gandhi is scheduled to address a press conference here on Thursday morning and later will fly to Jammu where he will attend a workers' meeting.
As part of the revamp, the retirement fund body will come up with a re-engineered and rationalised centralised payments and claims settlement. "This will result in centralised claim settlement including end-to-end auto processing of claims, centralised monthly pension disbursements, Universal Account Number-based EPF accounting, restructured electronic challan-cum-receipt with due statement and remittance challan, and doing away with the requirements of transfer of member ID (MIDs) on change of jobs," one of the sources said.
The government decided to target restaurants failing to disclose nutritional information on their menus, impacting numerous establishments across India. Although required since July 2022, many restaurants remained non-compliant. FSSAI intended to send notices and enforce guidelines, enhancing consumer awareness about nutritional content in food. This move aimed to bolster food safety.
In the first full year of operations, Tata Electronics saw a ninefold increase in sales, driven by the acquisition of Wistron's iPhone assembly plant. The company posted a consolidated income of ₹3,802 crore in FY24, up from ₹401 crore in the previous year. However, it reported a net loss of ₹825 crore due to high expenses.
A sunken superyacht is being searched by rescue divers for any air pockets that could contain trapped survivors. Officials and experts caution that there is little chance of discovering survivors because time is running out and the situation is getting harder.
The party has been facing a lot of desertions, especially after most of its candidates lost in the recent Lok Sabha elections as their detractors labelled them as "B team" of BJP. Party general secretary Rafi Mir, who released the manifesto in the absence of party chief Altaf Bukhari, clarified that the party was neither affiliated with the BJP in the past nor is it connected with the BJP at present.
Jewellery retailer Bluestone has completed a Rs 900-crore financing round, increasing its valuation to $970 million. The Accel-backed firm plans to file for an IPO this year after closing a pre-IPO round. Investors including Peak XV Partners, Prosus, and Steadview Capital participated in the primary-plus-secondary share sale. Kalaari Capital made a partial exit, earning about ₹300 crore. Founders Gaurav Singh Kushwaha and Ganesh Krishnan own nearly 14% of the company.
Jewellery retailer Bluestone has completed a Rs 900-crore financing round, increasing its valuation to $970 million. The Accel-backed firm plans to file for an IPO this year after closing a pre-IPO round. Investors including Peak XV Partners, Prosus, and Steadview Capital participated in the primary-plus-secondary share sale. Kalaari Capital made a partial exit, earning about ₹300 crore. Founders Gaurav Singh Kushwaha and Ganesh Krishnan own nearly 14% of the company.
The second trailer for Francis Ford Coppola’s “Megalopolis” addresses critics of his past films and features new footage of Adam Driver. The film, which follows the fall of a future American empire, will debut in U.S. theaters on September 27 through Lionsgate, with a global commitment from Imax.
"The (tax) department must exercise its powers judiciously ensuring that taxpayers and businesses are not subjected to unnecessary harassment. The authority vested in our officers is meant to ensure compliance and not to create fear," Sitharaman said at an event to celebrate 165th year of income tax in India. "Kindly ensure that the notices, letters or enquiries sent through email are so worded that they are simple and straightforward. Use enforcement measures as a last resort," she said while addressing income tax officers.
Jujutsu Kaisen Chapter 267 will be released on August 25, 2024. Fans are speculating about upcoming plot twists, especially concerning Yuji's hidden powers, Sukuna's finger, and Megumi's status.
In the second phase of the India Semiconductor Mission, the government plans to focus on attracting compound semiconductor fabrication and silicon photonics companies, with minimal financial incentives for chip packaging units. Existing incentives include 50% of project costs from the central government and additional benefits from state governments. Four approved semiconductor units are at various stages of construction, with a total proposed investment of ₹1.48 lakh crore under the ₹76,000 crore mission.
Tata Capital Ltd has applied to the Competition Commission of India for approval to merge with Tata Motors Finance Ltd. The merger, approved by both companies' boards in June, will see Tata Capital issuing equity shares to TMFL shareholders, resulting in Tata Motors holding a 4.7% stake. The move aligns with Tata Motors' focus on emerging technologies.
Anya Taylor-Joy returns to Netflix in the series adaptation of Bella Mackie’s novel, “How to Kill Your Family.” She plays Grace Bernard, a character driven by revenge against her estranged family. The series, produced by Sid Gentle Films, is written by Emma Moran and includes Taylor-Joy as an executive producer.
Prices of key vegetarian items have surged, with onions now costing more than ₹50 per kg, an increase of 25% due to rising consumption post-Shravan. Wheat prices rose to ₹27-28 per kg with approaching festivals. Conversely, chicken prices have dropped by 10% to ₹84 per kg due to reduced demand.
The Election Commission has suspended the declaration of recruitment results in Haryana until after the state assembly elections on October 4. Although no violation of the Model Code of Conduct was found, the halt is intended to ensure a "level playing field" and prevent any undue advantage during the electoral period.
Max Verstappen prepared for a challenging Dutch Grand Prix at Zandvoort, aiming to end his longest losing streak in four years. Mercedes and Ferrari have shown strong performances lately, adding to the tough competition. Verstappen, celebrating his 200th Formula One start, hopes to make the race memorable despite recent setbacks.
Zomato's purchase of Paytm's events and movie ticketing division hinges on effective customer transition and team integration, as noted by CEO Deepinder Goyal. The Rs 2,048 crore deal includes onboarding 280 employees. Initial operations will remain on separate apps, later merging into a new app, District, aimed at consolidating dining and event services.
Neeraj Chopra will return to action at the Lausanne Diamond League, two weeks after winning the silver medal at the Paris Olympics. He aims to reclaim his Diamond League trophy despite a groin injury. Chopra has already secured seven points in the Diamond League standings and needs to finish in the top-six to qualify for the finale in Brussels. The Lausanne event will feature top contenders, although Pakistan's Arshad Nadeem will not compete. Chopra has been training in Switzerland and plans to manage his injury until the season ends.
Adnan Syed, 24, celebrates his team's victory at the T10 Dharavi Premier League cricket tournament, winning `1 lakh. The tournament, supported by the Adani Group that aims to redevelop Dharavi, Asia's largest slum. The project, worth `5,029 crore, faces challenges due to Dharavi's cultural, economic, and political significance. The redevelopment promises modernisation, job creation, and improved living conditions, yet faces resistance and controversies. The plan involves state-of-the-art infrastructure... Читать дальше...
Butch Wilmore and Sunita Williams are stranded on the International Space Station (ISS) until February 2025 due to some technical problem.
Expert teams have begun a critical survey of six high-risk glacial lakes in Arunachal Pradesh, part of India's GLOF Mission by the NDMA. This first survey in the border state aims to assess flood risks and potential mitigation measures. The strategic importance of these lakes, near China's border, heightens the study's significance.
