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Battery-swapping solutions provider SUN Mobility on Thursday said it has partnered with electric vehicle fleet operator Bluwheelz to deploy over 16,000 EVs in the next 12 months. Under the partnership, the companies are looking to deploy over 15,000 electric two-wheelers and 1,000 electric three-wheelers in all metropolitan cities through the next 12 months, SUN Mobility said in a statement.

India's festival season, e-commerce companies like Amazon and Walmart owned Flipkart are looking forward to a potentially record breaking few weeks. Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled. RedSeer, a Bangalore-based consultancy, which monitors over 100 platforms covering 90% of online sales, predicts virtual shoppers will spend a record $11 billion during the month to mid-November — which would be nearly 20% more than last year. Amazon India has made its «best-ever start» to the peak period in the shopping calendar, according to vice president Manish Tiwary, reporting a record 95 million customer visits in the first two days of its 'Great Indian Festival 2023' campaign. Over at Flipkart, sales of electronic products, lifestyle garments and furniture were seven to ten times higher than in the pre-festival period, said vice president Arief Mohamad. Both retailers have hired over 200,000 temporary workers to meet the rush and added over 300,000 new sellers, according to company officials. «I don't have time even for lunch as there are so many packets to be delivered,» said Ajay Singh, a delivery boy at a Flipkart delivery centre in a busy market in New Delhi. Singh says he's working more than 12 hours a day and expects to double his earnings over the next few weeks. CHANGING WAYS Citing a report by market research Neilson, Amazon officials said over 80% of urban consumers were expected to shop online during this festival season, and half of buyers were willing to spend more compared to last year. A shift in consumer behaviour and increased penetration of smartphones has fuelled the rise in online

₹ 12,000 for an incredibly tiny space only suitable for a single bed. A username @Saiyaa, who shared the post on Reddit, conveyed their discontent.

Web Werks and Iron Mountain Data Centers will invest Rs 1,800 crore to set up two data centres in Chennai. The JV has acquired a four-acre parcel of land in Ambattur, Chennai, to house these data centers (CHE-1 and CHE-2). «Joint Venture of Web Werks — Iron Mountain Data Centers will invest more than Rs 1,800 crore to develop two data centres in Chennai. The investment will be made in a phased manner and be fully operational by the mid of 2025,» Web Werks Data Centers founder and CEO Nikhil Rathi said in a statement on Monday.

Aircraft Recovery Training School on the premises of Kempegowda International Airport here. The newly set up institution is entirely dedicated to providing specialised aircraft recovery hands-on training, equipped with state-of-the-art Disabled Aircraft Recovery Equipment (DARE), it said.

The registration portal for Karnataka Management Aptitude Test (KMAT) 2023 has been extended till October 25, 2023 as per the official announcement by the Karnataka Private Post-Graduate Colleges Association (KPPGCA). Earlier, the final date for registration was set to be on September 30. Candidates are requested to visit the official website for KMAT related information, kmatindia.com.

₹57- ₹60, media reports states. In a statement, the Bangalore Metro Rail Corporation Limited said, "BMRCL wishes to inform the public regarding the opening of passenger services on the two sections between Krishnarajapura and Baiyappanahalli, a distance of 2.10 km with one station in between at Benniganahalli and the other beyond Kengeri to Challaghatta a distance of 2.05 km with effect from October 9." The operational network of BMRCL will increase from 69.66 km to 73.81 km with 66 metro stations, it added.

Bengaluru to work. Notably, there will be no official inauguration of the Purple line of Bengaluru Metro, Bangalore Central MP, PC Mohan, said on Sunday.

Also Read: Comedian Andrew Schultz roasts Canadian PM, calls him ‘Justinder Trudeau,’ video breaks internet: Watch In the caption he shared, “Very excited to announce my first ever tour dates in India! I’ll be bringing the Terribly Funny tour to New Delhi, Mumbai and Bangalore in January 2024. Tickets are on sale now at JIMMYCARR.COM"A post shared by Jimmy Carr (@jimmycarr) Reacting to the post, many fans expressed their surprise and excitement.

Retail space leasing is currently experiencing a notable surge driven by positive sentiments and promising trends. With a robust supply pipeline, influx of international brands in various categories, and the upcoming festive season, the retail sector seems buoyant. Besides, the resurgence of consumer sentiment, an increase in consumption appetite, and the widespread adoption of omnichannel strategies by retailers are likely to further propel the growth graph.

Also read: Bengaluru news: Bus stand worth ₹10 lakh goes missing from Cunningham Road The purple line will be Bengaluru's longest metro stretch at 42.5 km. Prime Minister Narendra Modi inaugurated the Bangalore metro Purple Line from Krishnarajapuram to Whitefield (Kadugodi) on March 25.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Batting first, England managed to score 282/9 in 50 overs. The Black Caps managed to chase it in just 36.2 overs, winning it by 9 wickets. “We were completely outplayed," Buttler said.

₹690.90 apiece, while Macrotech Developers shares gained as much as 3.20% to ₹773.95 apiece on the BSE. The Bengaluru-based property developer Sobha said it recorded sales worth ₹1,723.8 crore in the quarter ended September 2023, witnessing a growth of 48.1% from ₹1,164.2 crore in the year-ago quarter. The company posted the highest quarterly new sales area of 1.69 million sq ft in Q2FY24, up 26.1% YoY, with an average price realization of ₹10,223 per sq ft.

MUMBAI : The Reserve Bank of India on Wednesday constituted an external working group on expected credit loss (ECL) based framework for provisioning by banks. This move comes after RBI released a discussion paper in January this year on shifting from the incurred-loss approach to the ECL model, a transition aimed at making the banking system more resilient.

Also read: India tells Canada to withdraw dozens of diplomats amid Nijjar killing row: Report Post Trudeau's statement, a row has sparked between the two countries. India has dismissed the allegation as “absurd." Besides, India has issued an advisory warning its residents against traveling to Canada and suspended visas for Canadians seeking to visit the South Asian country.

Indian economy a boost, hospitality giant Airbnb contributed over Rs 7,200 crore to Gross Domestic Product (GDP) and supported nearly 85,000 jobs in 2022, a report by Oxford Economics said on Tuesday. According to the report, the American company has played a significant role in bolstering India’s tourism industry. The GDP contribution and jobs supported in India has more than doubled since 2019 despite the Covid-19 outbreak and international border restrictions. The report also highlighted the powerful multiplier effect Airbnb guest spending has within local communities.

IIM-Bangalore has found that Prime Minister Narendra Modi's monthly 'Mann ki Baat' broadcast succeeded in popularising a host of policy initiatives centred around issues like the welfare of girls, yoga and the use of Khadi. Modi shared the collaborative study by the IIM and State Bank of India on his website, noting that his broadcast has completed nine years. The interesting study highlights some of the themes covered and their societal impact, he said, adding that it is amazing how several life journeys and collective efforts have been celebrated through the medium.

Edelweiss Alternatives has raised its third special situation fund of ₹8,000 crore from a mix of prominent global institutional investors and large Indian family offices as it sees attractive opportunities offered by robust sales of secondary loans. While many underlying assets are operating well, they require tailored solutions to reach sustainable debt levels. So, Edelweiss believes that the private credit market will boom in the coming decade, growing from its present size of $14 billion to $100 billion. Over the past year, Edelweiss Alternatives has already deployed nearly ₹3,500 crore, which is over 40% of the total raised, across eight transactions in various sectors, including roads, steel, paper, hotel leased offices, and real estate.

Rachin Ravindra found the night of July 14, 2019, one of the longest and hardest to endure as he watched New Zealand's heartbreaking defeat to England in the ODI World Cup final sitting in a Bengaluru pub. Ravindra, then all of 19 was on an annual trip to India with his father's cricket club and the roller-coaster experience of watching the final is still etched in his memory. New Zealand losing that final to England on the boundary count-back rule divides opinion to this day.

World Cup is driving up bookings for accomodations in host cities, specially where India is slated to play, thereby pushing up room tariffs, according to travel and hospitality players. Ahmedabad, Hyderabad, Bangalore, Delhi, Kolkata and Dharamshala are among the cities which have witnessed a surge in demand, as per booking trends of MakeMyTrip, OYO and Yatra Online.

Aditi Ashok's fortunes tumbled on the final day as she carded a topsy-turvy 73 to sign off with a silver for India's first medal in women's golf at the Asian Games here on Sunday. Coming into the final day with a commanding seven-stroke lead, Aditi saw the advantage evaporate as she stumbled upon four bogeys and a double bogey against a lone birdie to slip to the second position.