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Swiggy has started charging its service fee on the gross order value, which includes GST and packaging charges too, from restaurants outside metro cities as well. This will effectively increase the commission its restaurant partners in such markets pay. Previously, the service fee — or commission — was levied on the net value for restaurants in smaller cities and towns, while those in large cities were already charged on the gross value. “Effective 14 August (Wednesday), we shall be charging service fee on the gross value of each order as defined under our merchant terms. This change is being implemented across the platform for all our partners to ensure uniformity in our commission structure. This change will marginally increase the service fee payable to us,” Swiggy said in a letter to its restaurant partners. ET has seen a copy of the letter.

₹117 crore in penalties to the government. The penalties were imposed after the ministry of heavy industries found that Okinawa allegedly violated domestic manufacturing criteria under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme. The second edition of the scheme that’s designed to promote the adoption of electric vehicles in India concluded in March.

[San Jose, CA] – Tim Goodyear, a digital art and blockchain trailblazer, is set to launch a special token that will allow collectors to mint a limited edition NFT. This NFT is based on a newly rediscovered artwork by Matt Furie, featuring the iconic “Boys Club” characters as children.

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Air India Express has launched six new daily direct flights in a single day, said a press release on Tuesday. The Tata-owned Air India subsidiary airlines will be flying five new routes as a part of this launch which include Guwahati-Jaipur, exclusive to Air India Express. The new flights are operating on the Chennai-Bhubaneswar, Chennai-Bagdogra, Chennai-Thiruvananthapuram, Kolkata-Varanasi, Kolkata-Guwahati, and Guwahati-Jaipur routes. Moreover, to accommodate growing demand on the Chennai-Thiruvananthapuram route, which was previously served by two weekly flights, the airline has now added an extra daily service, increasing the total to nine flights per week. Air India Express now connects Chennai directly to 10 destinations which include Bagdogra, Bengaluru, Bhubaneswar, Guwahati, Hyderabad, Kolkata, and Thiruvananthapuram domestically, and Dammam, Kuwait, and Singapore internationally.

Ethnic wear brand Fashor has raised $5 million in a funding round from early-stage venture capital firm Blume Ventures. The funds will be used for omnichannel expansion, building the brand, and strengthening the supply chain. Founded by Vikram and Priyanka Kankaria, the brand’s offerings are available through its website, app and fashion marketplaces like Flipkart-owned Myntra, Reliance Ajio and Nykaa Fashion. “We are excited to leverage this partnership to drive our next phase of growth, with a continued focus on delivering exceptional value to our customers,” said chief executive Vikram Kankaria.

Delhi High Court on Tuesday asked the Centre to clarify its position on a Public Interest Litigation (PIL) which stated that the new criminal laws Bharatiya Nyaya Sanhita (BNS) lacks a provision equivalent to Section 377 of the Indian Penal Code (IPC). Section 377 had previously criminalized «sodomy» and "unnatural sex," but was partially decriminalized by the Supreme Court in 2018, stated the plea. The bench, led by Acting Chief Justice Manmohan and including Justice Tushar Rao Gedela, has given the Union of India's counsel ten days to take instructions on the grievance raised in the PIL and fixed the matter for further hearing on August 27, 2024.

A poll conducted by Paradigm Policy Lab revealed a growing affinity for cryptocurrency among Democratic voters, potentially reshaping the landscape of the upcoming presidential election.

release date for The Accountant 2 has been confirmed for April 25, 2025. The sequel, which will debut exclusively in cinemas, is generating considerable anticipation, especially given that it will be the only film slated for that particular release date. The sequel follows the success of the original film, which, despite a modest budget of $44 million, proved to be a hit. With a strategic release date that previously saw success for the film Challengers, there are high hopes that The Accountant 2 will replicate this success. The following weekend will see the debut of the MCU’s highly anticipated film, Thunderbolts, setting up a competitive release window, as per a report by Movieweb.

lawsuit accusing Google of unlawfully dominating web search on smartphones, but said the consumers should get another chance after a Washington, D.C. court separately ruled the tech giant spent billions to create an illegal monopoly. U.S. District Judge Rita Lin in San Francisco on Friday dismissed the consumers' antitrust lawsuit against Google, finding they had not provided enough factual evidence showing any harm from the Alphabet unit's market dominance. Lin said the plaintiffs could file an amended lawsuit, citing the D.C. court's blockbuster Aug. 6 ruling that found Google's exclusive contracts with Apple and other companies helped it create an illegal monopoly over search engines.

Axis Commercial Real Estate Fund, a strategic partnership between Axis Asset Management Co and global real estate developer, owner, and operator Tishman Speyer, has acquired a 1.5-acre land parcel at Fintech City in Chennai’s Nandambakkam. The fund has acquired the land parcel through a bid cum e-auction process conducted by the Tamil Nadu Industrial Development Corporation (TIDCO). The Tamil Nadu government, through TIDCO, has envisioned Fintech City as a world-class infrastructure hub for the financial technology industry in Chennai. “Chennai investment is the epitome of the fund strategy; wherein a clear titled land parcel supported by single window clearance for approvals at city centric location has been acquired in a transparent manner by the fund. The fund is completely aligned and will seek to benefit from TIDCO’s vision and strategy of the Fintech City,” said Chetan Shah, Head – Real Estate, Axis AMC.

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Fabricio Bloisi, the newly appointed CEO of Dutch technology investment firm Prosus and its parent Naspers, said he will continue to back early-to-late stage companies in India despite the $500 million write-off incurred due to the collapse of its once high-flying portfolio firm, Byju’s. He added that the valuation reset in the technology world is typical of the funding cycles for the sector and doesn't deter long-term investors from taking bets on India. Prosus doesn’t “live by cycles,” he said in an interview on his first India visit since taking over the chief executive role from interim CEO Ervin Tu. “I founded a startup 20 years ago… I don't get nervous about valuations… it’s part of life,” Bloisi told ET. “In 2001, 2008, everyone thought it was the worst time… Prosus is not a company that lives by these waves,” he said.

climate change requires a focus on Asia, which is home to 60% of the world's population and contributes over half of global emissions, with temperatures in some areas rising twice as fast as the global average, and given India's size, scale, and influence, it plays a vital role in the global solution, said Desmond Kuek, executive director and CEO of Temasek Trust. «Addressing these issues in Asia is essential for global progress, and India plays a pivotal role in driving positive impact across Asia and beyond,» Kuek told ET in an exclusive interaction. «We are just at the start of this multi-year journey and aim to bring together diverse partners and stakeholders, including from India, to collectively tackle these challenges.» Since 2003, the Singaporean investment company has been setting aside a portion of its net positive returns above its risk-adjusted cost of capital for community gifts to foster a more inclusive world with focus on sustainable development. Temasek Trust, as the primary beneficiary of Temasek's gifts, disburses grants for programmes to be developed and delivered by its non-profit ecosystem including Temasek Foundation, Temasek Life Sciences Laboratory, and Mandai Nature.

Telecom Regulatory Authority of India (Trai) has sought clarifications from the government on the allocation of backhaul spectrum, including the E and V bands, in the wake of the new Telecommunications Act that said such airwaves should be given administratively. As per the Act, 'radio backhaul' shall mean the use of radio frequency only to interconnect telecom equipment other than customer devices in telecommunication networks. The clarification became important as the regulator had listed out different options, including auction, to allocate backhaul spectrum in its consultation paper. The Department of Telecommunications (DoT) too had said spectrum in the E and V bands can be given through auction, though certain quantum in the V band can be delicensed for indoor coverage.

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday said the Election Commission has the exclusive right to decide the schedule for Assembly elections in the Union Territory. However, he expressed hope that the democratic exercise would be conducted soon in Jammu and Kashmir, which has been under the central government rule for over six years after the fall of the PDP-BJP government in 2018. Talking to reporters after inaugurating the newly constructed building of the Malaviya Mission Teachers Training Centre at the University of Jammu, LG Sinha also referred to Prime Minister Narendra Modi's remarks during his visit to Srinagar in June that the Assembly elections will be held soon and the statement of Home Minister Amit Shah in Parliament on August 5, 2019 that delimitation will be followed by Assembly polls and then statehood at an appropriate time. «It is happening in the same sequence… I hope the Assembly elections will take place soon,» Sinha said.

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direct plan. Both the plans come with two options — growth and IDCW. It is important for every investor to choose the correct plan as well as option. A growth option is suitable for investors who are not seeking Income Distribution cum capital withdrawal. This option focuses on capital appreciation and compounding impact for the investors. On the other hand, the IDCW option provides investors with regular income in the form of dividends. Regular plan — Mutual funds of regular plans are bought through a mutual fund distributor. In this plan, one may choose to invest in mutual funds with the help of a Mutual Fund distributor/agent in what is termed as a ‘Regular Plan’, according to Association of Mutual Funds in India (AMFI).

Bangladesh Prime Minister Sheikh Hasina Sajeeb Wazed Joy has expressed gratitude to Prime Minister Narendra Modi for his government's quick action following the developments in the neighbouring country which led to her departure. Sheikh Hasina's son also dismissed media reports of a revocation of her visa stating that no one has revoked the visa of the Awami League leader and neither has she applied for political asylum anywhere. In an exclusive interview with ANI, Wazed said «No one has revoked her visa. She has not applied for political asylum anywhere. Those are all rumors.»

Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said. The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly. Reuters exclusively reported the job cut that San Jose, California-based Cisco announced in February, prior to the company announcing it.

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