Niti Aayog to estimate gap between states' renewable capacity, future needs
The Niti Aayog is conducting an analysis to estimate the potential gap between states' renewable energy capacities and their future electricity needs under existing purchase obligations. This initiative aims to assist states in planning their power resources effectively. The assessment considers states' capabilities in solar, wind, and hydro energy, projecting their ability to meet renewable purchase obligations independently or rely on other states. Key Points
Economic TimesInstagram iPhone scam costs man ₹29 lakh; here's how to avoid online scams
According to a report on 91mobiles.com, the victim, identified as Vikas Katiyar, informed the police that he had come across an Instagram page offering iPhones at significantly discounted rates a few days ago. Katiyar admits to being enticed by the low prices and subsequently attempts to make a purchase. Key Points
mintAlexa can no longer talk like Amitabh Bachchan
Amazon has confirmed the discontinuation of the celebrity voices feature on Alexa, meaning voices of celebrities like megastar Amitabh Bachchan, American actor Samuel L. Jackson, American former professional basketball player Shaquille O'Neal, among others, will no longer be available to purchase. Key Points
The Tribune IndiaOla Electric to open purchase window for S1 Air starting July 28; Price details here
Ola Electric on Saturday announced the purchase window for its S1 Air scooter will open on July 28, 2023. The scooter will be available at an introductory price of Rs 1,09,999 for Ola community and reservers who book the S1 Air before July 28, the comapny stated in a press release. Key Points
Economic Times‘Drive-Away Dolls’: Check out all information about confirmed digital release, plot, director and cast
Drive-Away Dolls is now available for digital purchase or rental, offering viewers the option to enjoy the comedy caper at home. Directed by Ethan Coen, the film stars Margaret Qualley and Geraldine Viswanathan as best friends on a wild road trip. Key Points
Economic Times
CapitaLand India Trust invests in three Chennai industrial facilities
India Business News: CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities at OneHub Chennai. This investment further diversifies CLINT's portfolio and strengthens its industrial presence in Chennai. Key Points
Times Of IndiaInsider - Business News & More
Read reviews, compare customer ratings, see screenshots, and learn more about Insider - Business News & More. Download Insider - Business News & More and enjoy it on your iPhone, iPad, and iPod touch. Key Points
App StoreInsider - Business News & More
Read reviews, compare customer ratings, see screenshots, and learn more about Insider - Business News & More. Download Insider - Business News & More and enjoy it on your iPhone, iPad, and iPod touch. Key Points
App StoreInsider - Business News & More
Read reviews, compare customer ratings, see screenshots, and learn more about Insider - Business News & More. Download Insider - Business News & More and enjoy it on your iPhone, iPad, and iPod touch. Key Points
App StoreSmall companies can now chase India's giant AI dreams
Sunil Gupta, chief executive of Yotta Data Services, which has placed a purchase order of 16,000 H100 GPUs from Nvidia and went live with 4,000 H100 GPUs a few months ago, concurred. “By lowering turnover thresholds and introducing greater flexibility in AI compute infrastructure requirements, the govt has made it easier for a diverse range of players including and especially the startups in the AI services space to contribute to this mission.” Key Points
Economic Times
Zurich Insurance to buy 70% stake in Kotak arm upfront in amended deal
Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday. Key Points
Economic TimesUK's BBC, ITV among TV firms investigated over freelance contracts
Britain's antitrust regulator said it suspected that television production companies including the BBC, ITV (ITV.L), Hat Trick and Tiger Aspect could have broken competition law in relation to the purchase of services from freelancers. Key Points
ReutersAmazon 5th Gear store 5G smartphones sale: Redmi Note 12 5G, iQoo Z6, more
Interestingly, customers who are upgrading their phones can receive an extra exchange bonus of up to ₹14,000. In addition, purchasers can take advantage of up to 12 months of no-cost EMI on certain smartphones. Key Points
mint'Housing affordability may improve next year'
The affordability levels for home purchase in India saw a decline in 2022 for the first time in a decade having hit peak affordability levels in the previous year. Global recessionary winds and rising interest rates saw India's central bank raising the repo rate by 225 bps from May till December 2022. And a further 25 bps hike was implemented in February 2023. Key Points
Economic TimesStocks in news: Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates
Global rally prompted a surge in domestic equities after US central bank hinted at rate cuts. Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates, JSW Energy, Ambuja Cements, Sanghi Industries, RIL, Vedanta, Paytm, Tech Mahindra, Paradeep Phosphates, Maruti Suzuki, RVNL in focus. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/BLKVNNNDW5P5PNGP2DBYLAM4J4.jpg)
More US home buyers willing to purchase despite high rates -BofA study
U.S. home buyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America (BAC.N) published on Monday. Key Points
ReutersGermany buys stake in EnBW's high voltage grid for $1.1 bln
Germany has acquired a minority stake in local utility EnBW's (EBKG.DE) high-voltage business, the company said on Friday, firming up its grip on critical energy infrastructure in a bid to speed up the country's energy transition. Key Points
ReutersUS FDA asks to not purchase certain eye drops due to infection risk
The U.S. Food and Drug Administration on Friday issued a warning to consumers to not purchase or use certain eye drops from several major brands due to the risk of eye infection. Key Points
ReutersChange in renewable energy mix gives rooftop solar projects steam
Discoms have been apprehensive of signing power purchase agreements for rooftop solar projects and installing the required net metering systems fearing loss of revenue from their high-paying consumers, financial viability of such projects and problems in sourcing finance. The implementation of green open access rules has also shifted the market attention, leading to state power regulators prioritising it over rooftop solar approvals, according to industry experts. Key Points
Economic TimesTitan to pay $560 million to increase stake in CaratLane by 27.2%
On completion of the purchase, Titan will hold 98.28% of CaratLane on a fully diluted basis, up from 71.09%. Key Points
ThePrint
India's Titan Co to pay $560 million to raise stake in CaratLane
India's Tata Group-owned Titan Co (TITN.NS) will raise its stake in its subsidiary CaratLane Trading by 27.2% for 46.21 billion rupees ($555.8 million), the parent company said in an exchange filing on Saturday. Key Points
ReutersDelhi Metro extends UPI payment facility across entire network
The Delhi Metro has extended the Unified Payments Interface (UPI) option for payments at ticket vending machines and counters across its network, streamlining ticketing services and providing a digital mode of travel. Passengers can recharge their smart cards or purchase metro QR tickets through UPI-supported mobile apps. Key Points
Economic TimesFactbox: What's next after US judge rules in favor of Microsoft-Activision deal?
Microsoft (MSFT.O) cleared a major hurdle in its planned $69 billion purchase of videogame maker Activision Blizzard (ATVI.O), as a judge gave a thumbs-up to the proposed deal a week before the July 18 termination date. Key Points
ReutersED Money-laundering probe: IRS officer purchased Navi Mumbai flat for ₹1.3-cr under ‘dummy firm’
IRS officer Sachin Sawant is under investigation by the Enforcement Directorate for money laundering. The probe revealed that a firm registered under Sawant's name purchased an immovable asset worth over ?1 crore and filed an income tax return claiming zero income. The purchase was made using funds routed through loans and cash deposits from unexplained sources. Sawant was arrested after searches were conducted at his premises. The investigation is based on a CBI case filed against Sawant for allegedly amassing disproportionate assets. | Mumbai news Key Points
Hindustan TimesTaiwan donates $5 million towards rebuilding Ukraine with Lithuania
Lithuanian government has spent 9.8 million euros towards the rebuilding, and the Taiwanese contribution will be used to purchase educational equipment. | World News Key Points
Hindustan Times
AC sales dip 15 pc in April as temperature falls; expected to recover in May
Unseasonal rains in north India during April-end and May beginning have put brakes on sales of cooling products such as air conditioners, refrigerators and coolers, according to industry players. Customers have delayed the purchase of air conditioners in April and May, which are considered to be the peak season for the industry. Key Points
Economic TimesMSP wheat purchases increase 13%
According to official data, 16.13 MT of wheat has arrived in the key mandis so far, against 15.45 MT of arrivals reported in the first three weeks of commencement of the procurement season (April-June) last year. Key Points
FinancialexpressApple iPhone 14 is available at ‘lowest-ever’ price. Details on offer
The official website of the Unicorn Store is currently offering the 128 GB version of the iPhone 14 for a price of ₹69,513. However, customers can reduce the price further by availing themselves of a cashback offer provided by the store. Key Points
mintAmazon Mega Electronics Day sale: Deals on smartwatches, laptops, more
Starting March 10, the Amazon Mega Electronics sale will be active, and customers can avail a 10% instant discount by using an HDFC Bank credit card on this day. Furthermore, customers can also enjoy a 10% instant discount with HDFC Bank, HSBC Bank, and Yes Bank cards from March 11 to March 14. Key Points
mintMan loses Rs 29 lakh while trying to buy iPhone on Instagram, here is how to stay safe
A man was allegedly duped of Rs 29 lakh when he was trying to buy an iPhone on Instagram. A case of fraud has been filed against the unnamed individuals on the basis of the complaint of the individual. Key Points
India Today
Stocks in news: Bajaj Finserv, Axis Bank, HAL, Bharat Forge, Delhivery
The Board of Hindustan Aeronautics will meet on March 10 to consider and approve a second interim dividend for the financial year 2022-23. In other news, the union cabinet has approved the procurement of 70 HIT-40 basic trainer aircraft from HAL for the Indian Air Force for Rs 6,800 crore. Key Points
Economic Times