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HANOI (Reuters) — Vietnam's parliament on Wednesday decided to further extend a reduction in value-added tax (VAT) on goods and services until the end of June 2024.

Google announced Tuesday that an advanced geothermal project has begun pumping carbon-free electricity onto the Nevada electric grid to feed Google data centers there

Adding to this trend, Swedish House Mafia, a leading electronic music group, is set to perform a special song for Roblox users. The event promises an immersive experience with potential rewards for participants. Here's what you need to know:

shortage of skilled labour in the frontline or blue-collar workforce has prompted companies across sectors such as industrial/manufacturing, electrical/electronics, NBFCs, retail, ecommerce and FMCG to hire more hands with class X/XII qualifications, and then train the apprentices in specific skill sets to make them «jobs-ready». This is leading to an all-time high demand for apprentices, as per a study by TeamLease Degree Apprenticeship, shared exclusively with ET. The net apprenticeship outlook — or the willingness among employers to engage apprentices — for H2 (Oct-Mar) has soared to record high with 75% of the organisations planning to onboard apprentices versus 41% in the same period in 2021.

Investing.com -- Amazon's extended Black Friday and Cyber Monday holiday promotional drive this year was its largest ever, the e-commerce giant announced on Tuesday, as the company rolled out deeper discounts to entice price-conscious consumers.

Unified Payments Interface (UPI) has emerged as a popular mode of payment for millions of Indians. With its convenience and ease of use, UPI has revolutionised the way people transfer money and make purchases. However, as with any online transaction, there is always a risk of falling prey to scammers and fraudsters.

The other top categories that topped sales were lifestyle and electronics during the recent festive shopping season. Mobile phones, adaptors, and earpods were the top-selling products in the electronics category with brands like Redmi, OnePlus and Boat taking the lead, according to the report. The report noted that 47% sales of beauty products were contributed by consumers in the 18-24 year age group. The report further flagged healthcare and nutrition as categories with greater awareness and demand, underscoring the competition among brands vying for limited space within marketplaces. Somdutta Singh, founder and chief executive at Assiduus Global Inc, said in a statement: “Embracing online shopping as the new norm, the Indian e-commerce sector is poised for remarkable expansion.” He said the surge was led by Gen Z and millennial consumers, indicating that the digitally savvy generation is dominating the online shopping space in India.

Bharti Airtel’s selling and distribution (S&D) costs are nearly four times higher than Reliance Jio’s as the Sunil Mittal-led telecom operator’s premium branding and pricing strategy are vital for acquiring and retaining high-value customers as well as sustaining its 12% higher average revenue per user (ARPU) than the telecom market leader, said analysts. As per company data and CLSA estimates, Bharti Airtel’s S&D expenses are 8% of revenue compared to Jio’s 2%. The global brokerage estimates Bharti Airtel’s S&D and associated costs will hit Rs 15,200 crore in 2023-24, four times higher than Jio’s estimated Rs 3,800 crore. “Bharti’s higher S&D spend and branding efforts are key as its premium branding helps sustain premium ARPU and improve market share,” CLSA said. This, it said, is because India’s second-largest telco follows a unified strategy for all its services under the Airtel flagship brand, which has resulted in quality advantages.

₹40,000 The Google Pixel 7a features a 6.1-inch Full HD+ OLED display with a 90Hz refresh rate, a departure from previous Pixel A-series models that typically featured a standard 60Hz refresh rate. The screen is protected by Corning's Gorilla Glass 3 and supports HDR content, and the smartphone comes with support for the in-display fingerprint sensor. The Pixel 7a is powered by Google's Tensor G2 chipset, which is also found in the Pixel 7 and Pixel 7 Pro smartphones, paired with 8GB of LPDDR5 RAM and 128GB of UFS 3.1 storage.

Congress has submitted a memorandum to the Madhya Pradesh chief electoral officer seeking action against the Balaghat collector for allegedly taking postal ballots out of the strong room and indulging in malpractice. Chief Electoral Officer (CEO) Anupam Rajan on Monday denied the allegations and said local Congress leaders have expressed satisfaction at the procedure.

Cyber Monday to relieve stress on their wallets, according to Adobe Analytics. Shoppers are slated to spend between $12 billion and $12.4 billion online on Monday, with $782 million of purchases made with BNPL services, including Klarna and Affirm, representing a surge of nearly 19% from last year, the data company said.

TOKYO (Reuters) — Japan's top business lobby Keidanren will discuss at next month's executive meeting the potential negative impact of the yen's weakness on the economy, the Yomiuri newspaper reported on Tuesday.

New Delhi: These days, ecommerce firms offer hefty discounts on consumer products if you opt for equated monthly instalments (EMIs) on credit card purchases. But, what if you do not prefer the EMIs and would rather have only the discounts? Some people have come up with a clever workaround for this.

(Reuters) -After a busy holiday shopping weekend, discount seekers are expected to spend between a record $12 billion and $12.4 billion on beauty products, electronics, toys and apparel on Cyber Monday, according to Adobe (NASDAQ:ADBE) Analytics.

Currently, passengers have to remove items such as electronic items and liquid from hand luggage and put them on trays for security checks. Once implemented, the 3D CTX machines will reduce the time taken for security checks at airports. Passengers wont need to take out electronic devices like laptops or chargers and liquids and put them on trays at security checkpoints. Airports will also have to reconfigure the layouts at airports as CTX machines are larger than the 2D X-ray scanners in use currently. Besides passenger convenience, CTX machines will also improve detection of prohibited items. London City Airport in April this year, according to a BBC report, allowed electronics to be kept in hand luggage at security after installation of the CTX machines. The UK government has set a June 2024 deadline for most UK airports to install the machines. “CTX will not only improve passenger experience at airports by speeding up PESC process, but also improve detection of prohibited items and make security more robust. This will enhance the capability of detecting non-metallic threat objects like liquid, gel or plastic contraband,” TOI had reported citing sources .

commerce ministry is working to address issues related to non-tariff barriers and market access for domestic products in sub-Saharan African countries like Nigeria, Ethiopia, Ghana and Gulf nations to boost India's exports, an official said. The official said meetings have been held with Indian missions of the sub-Saharan African countries with which India has significant bilateral trade. The major trading partners of India in that region in 2022-23 were South Africa (total trade USD 18.9 billion, exports USD 8.5 billion); Nigeria (USD 11.85 billion, exports USD 5.15 billion); Togo (USD 6.6 billion, exports USD 6 billion), and Tanzania (USD 6.5 billion, exports USD 3.93 billion). The other countries were Mozambique (USD 5 billion, exports USD 2.5 billion); Angola (USD 4.22 billion, exports USD 621 million); and Kenya (USD 3.4 billion, exports USD 3.2 billion). «A virtual meeting with Indian Mission of top 10 countries (bilateral trade-wise) in sub-Saharan African region was held in September to discuss the overall economic and commercial relations with those countries, export performance and non-tariff barriers which are acting as impediments to bilateral trade and enhance exports,» the official said. A similar meeting was also held with Indian Missions in GCC countries. GCC is a union of six countries in the Gulf region — Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain.

₹24,500 billion) by FY26, with electronics exports expected to hit $120 billion by then. These projections depend on India gradually reducing its dependence on electronics imports. At present, India fulfills a majority of its electronic needs through imports.

global megatrends in 5G, data centers, electronic vehicles, healthcare, artificial intelligence, and Industry 4.0. Three EMS players namely Kaynes, Avalon, and VVDN entered into Transfer of Technology (ToT) licensing with the Central government for the development of Advanced Computing (CDAC) for developing ‘high performing computing servers (HPC)’. The supply chain has still not come up in India and EMS players are dependent on component imports. The government has recently given approvals for defence acquisitions/procurements amounting to ~INR78b. In the long term, combined revenue for the MOSL EMS coverage basket is poised to register a 38% CAGR over FY23-26E, aided by an improvement in high-value product mix (box builds) and increasing order flows from high-margin industries such as A&D, Clean Energies, Industrials, etc. Consequently, combined EBITDA margin is likely to expand by a few basis points more to reach ~14.0% by FY26, with EBITDA CAGR of ~40% to reach INR19.8b over FY23-26 from INR7.3b only in FY23 The Jul-Sep quarter is a seasonally weak period for the EMS industry.

Vietnam's parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a global agreement. Vietnam had initially planned to combine the approval of the tax with measures to partly compensate large foreign investors affected by the higher levy, including South Korean electronics giant Samsung Electronics Co Ltd and U.S.

smartphone maker Realme said it had shipped more than 200 million phones since it was established a little over five years ago, most of them outside China, with data showing it was the fifth fastest smartphone maker to achieve this milestone. Realme, owned by Chinese consumer hardware giant BBK Electronics which also owns the Oppo and Vivo brands, said it had reached the 200 million mark in the second quarter.

NEW DELHI : In an extensive interview covering railways, information technology, and telecom, Union minister Ashwini Vaishnaw spelt out the government’s vision on multiple fronts—from making India an export engine of indigenous technologies, to strengthening and expanding the railway network with the right technologies to ensure safe and efficient operations, to ensuring that regulation keeps up with technology and therefore the Digital India Bill, to planning for India to take the lead in 6G where standards are yet to be set. New financial incentives for the components ecosystem may also be considered going forward. Edited excerpts: In every aspect of Railway safety, in the past nine-and-a-half-years, we have invested huge amounts.