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Tamil Nadu’s Ranipet district, famed for being a hub for power loom weaving. But the small town, which is barely a hundred kilometres from state capital Chennai, is now poised to emerge as a nodal destination for global automobile manufacturing. In September, Tata Motors broke ground for its Rs 9,000 crore greenfield factory designed to produce cars for local and overseas markets for Tata Motors and JLR. The ambitious project is expected to create over 5,000 employment opportunities--both direct and indirect--and drive significant skill-building in the local community. Panapakkam has a population of around 11,536 as per 2011 census with residents primarily engaged in agriculture and weaving. The town is known as the production centre for power loom lungis, the sarong-like wrap favoured as everyday wear by multitudes of south Indian men.

Sebi) has proposed that asset management companies must deploy funds collected through new fund offers (NFOs) within 30 days from the date of allotment of units. In exceptional cases, if the fund house is not able to deploy the funds within this timeframe then it should give the reasons in writing to the investment committee. The committee may extend the timeline by 30 days, while also making recommendations on how to ensure deployment within this timeframe and monitoring it.

payments pie, have drastically cut down on these spends. PhonePe, Paytm, Amazon Pay and Cred have all cut down on their overall marketing spends and have reduced the incentives for their customers, data from the last two years show. Walmart-backed PhonePe, for example, spent only Rs 15 crore on customer incentives in the financial year 2024, down from Rs 950 crore in FY2019, according to its annual report.

The Washington Post has lost at least a quarter million subscribers since announcing last Friday it would not endorse a candidate in the presidential race

Wolf Hall, The Mirror and the Light, is set to air, starring Damian Lewis and Mark Rylance. This period drama by PBS Masterpiece and BBC completes the acclaimed TV adaptation of Hilary Mantel’s novels.

Jeff Bezos defended the Washington Post’s decision of not endorsing a single US Presidential candidate just ahead of the US Presidential Elections scheduled to be held on November 5 while he asserted that political endorsements eventually creates a perception of bias. According to New York Post, in an op-ed which was recently published, Jeff Bezos described the move as a principal decision which eventually reflects the commitment of the newspaper towards independence. New York Post reported that Jeff Bezos also made an argument that endorsements do not really influence undecided voters and emphasized on the need for media credibility acknowledging the fact that public trust in journalism has eventually declined. Also Read: On Call: New police drama’s release date, where to watch, plot, cast and characters

Meta India posted a 24% growth in gross advertising revenue, reaching ₹22,730 crore for the fiscal year ending on 31 March, compared to ₹18,308 crore in the previous fiscal year, as per the company's filings with the RoC. The Indian unit of global social media giant Meta Platforms, which still operates under the legal name Facebook India Online Services, recorded a modest 13% growth in gross advertising revenue for the fiscal year ending on March 31, 2023. The FY23 gross advertising revenue of ₹18,308 crore includes ₹6,120 crore from gross advertising reseller revenue, as the reseller model was in effect for a few months of that financial year.

premium products from daily groceries and household items to smartphones and beer has bucked the slowdown trend, especially in cities where consumers have cut back on lower-priced products amid inflation. Most consumer companies during the September quarter earnings indicated that urban growth tapered off even as demand in villages recovered gradually. «We actually looked under the bonnet. And even when you peel the surface, you find that the premium segments, popular segments, mass segments, the rank order of hierarchy of growth is the same as observed in other quarters. Premium continues to grow 30-odd percent or thereabouts faster than the other segments. And we see the trend of upgradation remaining consistent and secular even in rural,» Rohit Jawa, managing director at Hindustan Unilever said. Urban markets grew 4.3% while rural areas saw volume growth at 3.9% within the FMCG segment, as per latest data by Kantar. This was compared to a growth of 8.1% in cities and 6.3% in villages a year ago, indicating broad-based slowdown across markets.

Hezbollah's new leader Naim Qassem on Wednesday said the group would agree to a ceasefire with Israel under acceptable terms, but added that a viable deal has yet to be presented. Qassem, who was named Hezbollah secretary-general on Tuesday, did not explicitly link a Lebanon ceasefire to an end to fighting in Gaza, a position previously held by the Iran-backed group. «If the Israelis decide that they want to stop the aggression, we say we accept, but under the conditions that we see as appropriate and suitable,» Qassem said in a pre-recorded speech, his first since he was named the group's new leader.

Mayonnaise ban in Telangana: The government of Telangana has taken a significant step to protect public health by banning mayonnaise prepared from raw eggs in the state. This decision follows several alarming instances of food poisoning linked to the consumption of this popular condiment, as per news agency PTI.

Yatharth Hospital and Trauma Care Services on Wednesday said its board has approved the acquisition of 60 per cent stake in a Faridabad-based hospital, which is yet to commence operations, at an enterprise value of Rs 152 crore. The company's board has approved to enter into an agreement with MGS Infotech Research and Solutions Pvt Ltd and its shareholders to acquire 60 per cent stake, the healthcare provider said in a regulatory filing. The target company is yet to commence a 400-bed hospital in Faridabad, Haryana. The acquisition will strengthen the company's presence in Delhi-NCR, it said.

Prince William very recently shared the insights into his life and his family life at the famous Adelaide Cottage, where he and Kate Middleton reside alongside their three children and a pet dog named Orla. According to Marie Claire, while having an outing in Cornwall, Prince William asserted that he alongside his wife very often shares their bed with Orla who is a cocker spaniel and that eventually adds a relatable touch to their royal lifestyle. Marie Claire reported that Prince William expressed his utmost affection for dogs and also mentioned that the name Orla means ‘Golden Princess’ in Gaelic. The Royal family has a long history of owning pets while they previously had a dog named Lupo who unfortunately passed away in the year 2020. Also Read: Ironheart: Release date revealed, cast, streaming platform and more

While his team had expected him to rest post-tour for a health assessment, King Charles has moved ahead with plans for upcoming royal engagements. During a traditional Ava ceremony in Samoa, he referenced his health, telling attendees he hoped to “survive long enough” to return, reflecting on his connection to the region. Also Read: Ironheart: Release date revealed, cast, streaming platform and more

Subscribe to enjoy similar stories. Space World group is evaluating various routes to raise funds to channel into new ventures Constl and Ranext that will offer fibre connectivity between data centres and in-building plug-and-play fibre network for internet services providers. Founder Ankit Goel told Mint in an exclusive interaction that the company will go to market in the next three to six months to raise funds but was yet to decide the route it would take and the equity it intended to dilute.

The two, brothers of Kurdish origin, each had four fingers on their right hands amputated by a guillotine machine at the prison in the city of Urmia in northwest Iran on Tuesday, the reports said. They were then transferred to hospital for medical care, the reports added.

Prince William and Princess Kate are reportedly planning to host a “rival Christmas party” at Anmer Hall, their home on the Sandringham estate, according to The Daily Beast. Unlike the Royal Family's formal celebrations traditionally held at Sandringham House, the Duke and Duchess of Cambridge are said to embrace a casual atmosphere with Kate’s parents, Mike and Carole Middleton, joining them. This year’s festivities come amid health concerns, as King Charles and Princess Kate both announced cancer diagnoses earlier in 2024. Also Read: Lioness Season 2: See Episode 3 release date, time, plot and where to watch

Donald Trump addressed supporters at a rally in Allentown, Pennsylvania, calling for a surprising show of unity and forgiveness towards President Joe Biden. Trump’s remarks followed Biden’s recent comment describing Trump’s supporters as “garbage” during a get-out-the-vote call with Voto Latino, a statement that quickly drew criticism. Referring to Biden's words, Trump urged his supporters to “forgive” the president, framing the appeal as a demonstration of unity amid deepening partisan divides, as mentioned in a report by Fox News. At the rally, Trump compared Biden’s comments to Hillary Clinton’s infamous 2016 remark calling some of Trump’s supporters “deplorables.” Trump quipped, “Garbage, I think, is worse,” and went on to say, “But he [Biden] doesn’t know. You have to please forgive him.”

SS Rajamouli and Mahesh Babu now going to be a reality? A recent Instagram post from auteur Rajamouli has made fans think that the ‘RRR’ director and the superstar may be finally coming together for a project! Although a film tentatively titled ‘SSMB 29’ was announced several months ago, the details have been kept under wraps. Lately, SS Rajamouli’s son, SS Karthikeya, has been posting intriguing snippets on Instagram that have stirred up curiosity about their upcoming film. While Karthikeya has kept the specifics a mystery, excitement escalated today when SS Rajamouli himself shared a photo that delighted Mahesh Babu’s fans. Rajamouli’s latest Instagram post shows him on Kenya’s sprawling savanna, surrounded by zebras—a breathtaking location-scouting image that has fans flooding the comments, eagerly demanding more news about the film. This high-budget project, produced by KL Narayana of Durga Arts, is expected to feature a stellar cast and technical crew, with Keeravaani composing the music and Vijayendra Prasad penning the script. As anticipation builds, fans are waiting for more details on the much-hyped SSMB29.

benchmark price of bauxite (source of aluminium and gallium) used for calculating value of estimated resources and premium payable in auctions. According to a Mines Ministry proposal, the current Average Sale Price (ASP) of Bauxite contains a conversion factor of 6.4%. The Mineral Concession Rules, 2016 provide a formula for calculating the ASP for metallurgical grade bauxite on the basis of London Metal Exchange (LME) price of Aluminium. This existing conversion factor was opposed by mining companies which claimed the price arrived by using this metric was too high and approached multiple courts of law, the Ministry said. It has now been proposed to lower the conversion factor for metallurgical grade bauxite to 4.90% after a committee constituted for ASP rationalising submitted its report.

electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances. The Shenzhen-based firm posted operating revenue of 201.1 billion yuan ($28.2 billion) during the third quarter, a filing at the Hong Kong Stock Exchange showed, up 24 percent from the same period last year. The company's quarterly revenue figure for the first time exceeded that of American EV powerhouse Tesla, which last week posted $25.2 billion in third-quarter revenue.