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₹150 crore this year to overhaul 25 outlets, enhancing customer experience and transforming showrooms into luxury lounges for clients to make car purchases leisurely. This is no surprise. The German luxury carmaker derives a significant chunk of its revenue and a quarter of its sales volumes from its most expensive cars, all with a price tag in upwards of ₹1 crore.

On August 8, blockchain-based game developer Illuvium announced a strategic partnership with Samsung. The collaboration, set to debut at the upcoming Gamescom 2024 event, will see Illuvium featured at the Samsung booth to showcase the future of next-generation gaming.

logistics firm Delhivery’s chief executive Sahil Barua says the economics of deliveries in 10-15 minutes may not be sustainable for categories beyond groceries and fast-moving consumer goods. In an interview with ET’s Pranav Mukul and Samidha Sharma, he says the timelines will start increasing as the cost of quick deliveries becomes apparent. Delhivery, which swung back into a profit for the April-June quarter, is launching a network of shared dark stores for brands and ecommerce players to deliver in 2-4 hours, but will steer clear of instant deliveries, says Barua, who is also an independent director at IPO-bound food and grocery delivery firm Swiggy. Edited excerpts: Revenue growth has been slow for Delhivery over the past year. Is there pressure on your top line? Our express parcel business, which is the ecommerce-linked segment…is reflective of market conditions. Our volume growth could have been slightly higher but last year, Meesho launched Valmo (its logistics vertical) and overall volumes for third-party players have been constrained a little bit. We’re relatively less affected given that we don’t have too much dependence on Meesho, but overall volumes available on the third-party side have come down. Plus, this is the period where we have commercial renegotiations with a lot of our customers. So, until that’s done, the volume uplift takes a little bit of time.

Crypto learning platform 99Bitcoins ($99BTC) launched its native token, $99BTC, on Uniswap on Thursday.

Deliveroo said it had achieved the twin milestones of positive net profit and free cash flow in the first half as demand from customers stabilised, sending its shares up 9% on Thursday. Chief Executive Will Shu, who co-founded the business in 2013, said the performance overall was «really strong». «We are improving profitability whilst we're still growing,» he said. «Orders returned to year-on-year growth and GTV (gross transaction value) momentum is good.»

Reserve Bank of India deputy governor Michael Patra, ten days after the central bank excluded new issuances of 14-year and 30-year sovereign bonds from the Fully Accessible Route. “All the existing securities issued are available for FAR investment. So, that makes Rs 41 lakh crore of available investment, of which investment today is only Rs 2 lakh crore. There’s an ample amount of space to go,” Patra said at a press conference after the RBI’s monetary policy statement on Thursday.

Waqf Act, 1995, aiming to curb the unbridled powers of Waqf Boards, powers that were further enhanced by a 2013 amendment. This move is intended to bring transparency and accountability in the regulation and monitoring of over 8.7 lakh properties controlled by state boards across India and to address issues of corruption. Here’s a comprehensive look at what Waqf comprises and the challenges in managing these assets.

Destiny 2's Solstice 2024 event has begun, offering players new weapons, armor sets, and rewards. The event will run for three weeks, giving players ample time to collect exclusive items and complete triumphs.

Canadians who “work from home” may not actually be working from their homes — and many of them are not exactly forthcoming about it, a recent survey suggests.

military drills near a territory in the South China Sea near Philippines. The Southern Theatre Command of China's Peoples Army said on Wednesday that it had carried out air and sea combat patrols near Scarborough Shoal to test «strike capabilities», Al Jazeera reported. The exercises came on the same day that the United States, Australia, Canada and the Philippines conducted military manoeuvres within Manila's exclusive economic zone (EEZ), which includes the West Philippine Sea.

Read this | A guide to capital gains tax on property sales: Navigating pre-, post-2001 rules Mayank Mohanka, founder of TaxAaram India and partner at S.M. Mohanka & Associates, agreed. "The Notice of Amendments specifically states that the revised provision is to be inserted after line 37 of page 39 in the Finance Bill, 2024, right after the clause for resident individuals and HUFs.

Vinesh Phogat's disqualification from the Paris Olympics 2024, 2008 Beijing medallist Vijender Singh has voiced his concerns, calling the situation a «huge conspiracy against India.» Speaking exclusively to India Today on August 7, Vijender criticised the decision that barred Phogat from competing in the gold-medal bout against Sarah Hildebrandt of the United States. Phogat was found to be 150 grams over the permissible weight limit, which led to her disqualification. Vijender expressed his frustration, suggesting that the disqualification was part of a broader scheme to undermine Indian wrestlers. “The way she has performed is worth appreciating. Maybe some people couldn’t digest the happiness. We can reduce five to six kilograms in one night, so what’s the problem with 100 grams? I feel that someone had some problems, and so the step to disqualify was taken. She should have been given a chance to reduce the 100 grams,” Vijender told India Today. The disqualification means that Vinesh, who had earlier confirmed India’s fourth medal in Paris by defeating Cuba’s Yusneylis Guzman in the semifinals, will return empty-handed. Phogat had achieved a significant victory on August 6 by ending Japan’s Yui Susaki's 82-match unbeaten streak, but her Olympic campaign was abruptly cut short.

Mint in an exclusive conversation. Having doubled its headcount in India over the past three years, BT intends to scale up its presence in core engineering, data and AI. “We are looking at actually the digital part, helping the operations team accelerate both our efficacy and efficiency in the ops part using AI as well," Mehta said.

Mint in an exclusive interview that the company sees India as a crucial market. “Globally, India is already the fourth- or fifth-highest contributing market for Krafton. In the future, India has the potential to become the biggest market for Krafton thanks to its unique position of the sheer size of the market, as well as an increasing amount of interest in e-sports in the country," he said on Tuesday.

Chetak 3201 Special Edition electric scooter is priced at ₹1.29 lakh (ex-showroom, Bengaluru) and can only be purchased online on Amazon this month.Speaking of design, based on the top-end Premium variant, the exclusive Chetak 3201 Special Edition electric scooter features a sleek Brooklyn Black paint scheme and maintains its solid steel body. With an IP67 rating for water resistance, this e-scooter is perfect for riders who want to explore the city or ride in any weather condition.The Chetak 3201 Special Edition boasts an impressive range of 136 km on a single charge, with a top speed of 73 kmph, claims Bajaj Auto.

Amazon Great Freedom Festival is here, offering an exceptional shopping experience at the Premium Fashion Store for Men and Women. This limited-time event showcases an exclusive range of top brands, including Tommy Hilfiger, Police, Calvin Klein, Hugo Boss, and more. Elevate your style with a curated selection of fashionable clothing, stylish watches, trendy backpacks, luxurious fragrances, and high-quality shoes and luggage. Whether you're looking to revamp your wardrobe or find the perfect accessories to complement your look, this festival has it all. With unbeatable deals on premium products, now is the perfect time to indulge in luxury and enhance your style. Don't miss out on the chance to shop the best in fashion and accessories during this special event.

₹40,000 on the best electronic items. This highly anticipated event, running from August 6 to 11, presents an exceptional opportunity to grab top-of-the-line electronics at unbeatable prices.

Vivo T3 5G, and Motorola Edge 50 Fusion will be available at reduced prices, though the exact discount amounts will be revealed on the day of the sale.In addition to smartphones, the Flagship Sale promises to deliver impressive price reductions on a wide array of electronics. Consumers can expect discounts of up to 80 percent on products like tablets, laptops, smart TVs, and cameras.

Delhi High Court has designated a special CBI Court to expedite the trial of India's biggest bank fraud. The Central Bureau of Investigation (CBI) has charged Dheeraj Wadhawan, Kapil Wadhawan-promoters of embattled Dewan Housing Finance Ltd (DHFL)-and several others in the alleged loan fraud of Rs 34,614 crore. The orders of the Delhi High Court designating a special CBI Judge to exclusively deal with the DHFL case were received on August 1. It is pertinent to mention that considering the gravity of the case and the enormous amount of documents filed by the CBI, number of accused and hundreds of witnesses involved, a special CBI Court had written to the High Court. In April this year, a special CBI Court had shared the information of the case with the High Court with a request to designate «one special court for doing this matter only». Special CBI Judge Ashwani Kumar Sarpal, in a judicial order passed on April 27, had highlighted the fact that the documents filed by the CBI run into over 330,000 pages and are kept in 26 trunks.

aviation sector with the introduction of the Bhartiya Vayuyan Vidheyak Bill 2024 in the Lok Sabha. This Bill replaces the Aircraft Act of 1934, which has undergone 21 amendments over the years and aims to align the Indian aviation sector with global standards. The proposed legislation, consisting 44 clauses, seeks to streamline regulations and foster growth in India’s rapidly expanding aviation market. The Bill was introduced in Parliament last week.