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BEIJING — A hazardous goods container exploded Friday on a cargo ship in China's high-traffic Ningbo Port, Taiwanese vessel owner Yang Ming Marine Transport Corporation told CNBC in a statement.

Namma Yatri has started its zero-commission cab services under the brand ‘Yatri’ in Delhi NCR, in a move that is set to intensify competition with Uber and Ola in this thriving market. The platform won’t charge subscription fees or commissions for its electric auto rickshaws and cabs in Delhi NCR until March 2026, said Shan MS, cofounder of Moving Tech Innovations, which runs Namma Yatri. Yatri offers autorickshaw, AC mini, AC sedan, and AC XL cab services at «low prices» with a lifetime zero-commission policy, according to the company.

manufacturing sector during 2014-24 rose by 69 per cent to USD 165.1 billion, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said that India is rapidly emerging as a preferred country for foreign investment in the manufacturing sector " FDI equity inflow in the manufacturing sectors in the last ten financial years (2014-24) has increased by 69 per cent to USD 165.1 billion as compared to USD 97.7 billion in the previous ten financial years (2004-14)," he said. He also said that the total FDI inflow of USD 383.50 billion has been reported in the country during the past five financial years (2019-20 to 2023-24).

There are additional offers available for SBI credit card owners, wherein they can avail 10% instant discount of up to Rs.3,000 on credit card payments and EMI transactions. You also win a cashback of a minimum of Rs. 750 on Amazon UPI. Want to get prior access to all the deals? Join Prime now at just Rs.1/ per day.

₹76 apiece on the NSE as against its issue price of ₹76 per share.On BSE, Ola Electric shares were listed with a discount of 0.01% at ₹75.99 apiece.Ola Electric Share Price Live: On the financial front, Ola Electric Mobility’s revenue grew from ₹456.2 crore to ₹5,243.2 crore between FY22 and FY24, while net loss widened from ₹784.14 crore to ₹1,584.4 crore during the same period. Ola Electric Mobility Ltd., a pioneer in the Indian EV space, is set to test investor appetite with its upcoming IPO.

Ceigall India on Thursday said it has secured orders worth Rs 1,042 crore for development of Kanpur Central Bus Terminal and Bhubaneshwar Metro Project-Phase I. In a statement, the Ludhiana-based company said the Bhubaneshwar Metro Project in Odisha includes the construction of an extensive metro rail network that will enhance connectivity, reduce traffic congestion and promote economic growth within the region. The project is estimated to be completed in 3 years and will enhance urban mobility, reduce traffic congestion and improve air quality, according to the statement. The Kanpur Central Bus Terminal project in Uttar Pradesh will encompass the construction of a modern bus terminal and a comprehensive commercial complex.

Delegated Payments" facility in UPI, an individual (primary user) to allow another individual (secondary user) to make UPI transactions up to a limit from the former’s bank account. UPI limit for tax payments hiked to Rs 5 lakh from Rs 1 lakh: RBI According to the RBI governor Monetary Policy Meeting Statement on Developmental and Regulatory Policies, “The Unified Payments Interface (UPI) has a very large user base of 424 million individuals. There is, however, potential for further expansion of the user base. It is proposed to introduce «Delegated Payments» in UPI. “Delegated Payments” would allow an individual (primary user) to set a UPI transaction limit for another individual (secondary user) on the primary user’s bank account. This product is expected to add to the reach and usage of digital payments across the country. Detailed instructions will be issued shortly.”

Jio's share in the overall data traffic in India increased to about 60 per cent in 2023-24, according to the annual report of parent firm Reliance Industries Limited. Jio's ahead-of-the-curve investments in next-generation network and digital technologies would sustain a competitive edge and market share gains, it said and added this will ensure strong and consistent shareholder return over the coming years. In the annual report, Reliance Industries' Chairman and Managing Director Mukesh Ambani said Jio turned a «Data Dark India» into a «Data Rich» nation with affordable, high-speed 4G data, and followed it up with a 5G network rollout across India in world-record time. According to the annual report, the rollout of the next-generation fixed wireless networks would catalyse demand for high-speed fixed broadband. Rural areas are expected to see a higher uptake of these services due to limited last-mile infrastructure currently.

Bharti Airtel and Reliance Jio have ramped up efforts to expand their fixed wireless access (FWA) offerings to provide home broadband services, which is helping them monetise 5G airwaves and boost data usage. The strategy to offer 5G on standalone (SA) technology for FWA helps the telcos reduce dependency on capital-intensive fibre deployments to offer home broadband services in the near-term, analysts said. The 5G on SA technology is a pureplay 5G network, while 5G non-standalone (NSA) technology — which Airtel uses for speedy deployment of pan-India 5G mobile services — entails a lesser investment as it leverages the existing 4G mobile infrastructure, they said.

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.

Sheikh Hasina government. Throughout modern history, students have frequently played a pivotal role in regime changes or significant policy shifts. This trend is evident in numerous landmark protests across the globe, illustrating the power and influence of student movements. In the United States during the 1960s and early 1970s, student-led protests against the Vietnam War became iconic. Campuses across America saw teach-ins, sit-ins, and shutdowns to oppose the country's involvement in the war. These actions targeted both the Johnson and Nixon administrations, as well as companies like Dow Chemicals with ties to the conflict. Thousands of students burning their drafts ultimately turned public sentiment against the war, leading to the withdrawal of American troops by 1973. In South Africa, the Soweto Uprising of June 1976 showcased students' resistance against unequal education under Apartheid. Thousands marched in protest, only to be met with armed police, which triggered widespread anti-Apartheid protests and international condemnation of the regime. These demonstrations are credited with setting the stage for the eventual end of Apartheid.

Central Board of Direct Taxes (CBDT) has issued a circular indicating that the higher rate of TDSITCS will not apply if the deductee or collectee is deceased before the PAN and Aadhaar are linked. CBDT issued a circular regarding this on August 5, 2024. This move came after the department received many complaints from taxpayers citing instances of the deductee or collectee passing away within the specified time frame i.e., on or before May 31, 2024), before the possibility of linking PAN and Aadhaar being exercised. Due to the deductor's or collector's inability to link the deceased person's PAN and Aadhaar, tax requests are pending in these situations.

component sub-assemblies that go into making a mobile device, a senior official told ET. This is part of a big upcoming incentive scheme to develop a local ecosystem for electronic components. Sops will be linked to a combination of production, capex and employment generation, given the government's renewed focus on job creation. «This will set the new template for the manufacturing sector,» said the official. China's value-add is currently in the range of 30%. India's target is to have 25-30% value add in about seven years, the official added.

antitrust action that allow Google to take the US ruling on search in its stride. Establishing market dominance and imposing correctives takes time in court, which allows the market leader to offer concessions in a negotiated settlement. Google can very well afford to not be the default search engine on smartphones running on Android and iOS and still continue to dominate the mobile search segment.

₹5,000 crore on data centres over the next few years, Vittal said, which is similar to the capex it had outlined in 2021 for three years. Having postponed its call for a ₹15,000-crore rights issue due to strong cash reserves in the business, the Sunil Mittal-promoted carrier will look at paring expensive debt and distributing dividends to shareholders, as a mix to channel the future free cash flows. The telco paid ₹24,250 crore high-cost spectrum dues from the 2012 and 2015 auctions.

Airtel said on Tuesday. The company also said it plans to roll out fixed wireless access (FWA) broadband services on pure 5G network by September. Airtel said its mobile subscribers' average revenue per user (ARPU) increased by 5.4 per cent to Rs 211 during June 2024 quarter compared to Rs 200 in the same period a year ago. Bharti Airtel Managing Director Gopal Vittal during the company's earnings call on Tuesday said that tariff hike in July was very much required for the financial health of the industry.

Google’s loss in a historic U.S. antitrust trial is reverberating across Silicon Valley, where the ruling is likely to affect not just the search giant but also its largest collaborators and competitors. Google parent Alphabet’s deals to get its search engine in front of users by paying to be the default on browsers and mobile phones have been declared illegal by a federal judge.

₹6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility was completely subscribed on the second day of bidding on Monday.The initial share sale received bids for 49,43,85,840 shares, as against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the BSE data.While the quota for non-institutional investors was subscribed 1.11 times, the category for Retail Individual Investors (RIIs) received 2.87 times as many subscriptions. Qualified Institutional Buyers (QIBs) received a 40% subscription, and the employee portion was booked 8.98 times.

digital payment mode in the country at the cost of mobile wallets that are losing relevance with their monthly transactions in steep decline. Around 403 million mobile wallet payments were recorded in June this year, 24% lower compared with 530 million such transactions a year earlier, data from the Reserve Bank of India show. The number has also been falling sequentially every month since January, when it was more than 576 million. Throughout this year, these prepaid payment instruments have shown a decline in transactions with January recording more than 57 million wallet payments, compared to the next six months when it kept declining to the 40 million range.

Motherson Group is poised to enter the growing Apple supply chain network in India along with Hong Kong-based BIEL Crystal Manufactory, one of the world’s largest suppliers of glass for smartphones, said people with knowledge of the matter. This will make the Vivek Chaand Sehgal-led auto component maker the second large business group after Tata to become a vendor for Apple as part of Motherson’s plan to use its core manufacturing prowess to diversify into other segments. BIEL was established in 1989 by billionaire Yeung Kin-man in Shenzhen, China, to make watch crystals. The company says it’s one of the earliest manufacturers of glass screens for mobile devices, having begun in the early 2000s, when they were made mostly of plastic. By some estimates, BIEL currently produces glass screens for two of every three iPhones. The 51:49% alliance, the Indian company will have the majority stake, is planning to set up a greenfield manufacturing capacity in the south, most likely Tamil Nadu, with an estimated outlay of Rs 2,000-2,500 crore, said the people cited above. It aims to hit a turnover of Rs 8,000-8,500 crore in four-five years after operations start. The consumer electronics business is scheduled to come onstream in the July-September quarter.

Amazon India is also offering a variety of financing options to make purchases more affordable. Customers can benefit from up to 24 months of no-cost EMI, exchange offers worth up to ₹50,000, and coupon offers valued at up to ₹5,000. These options make it easier for shoppers to spread the cost of their purchases over a period of time without incurring additional interest.For those in need of mobile accessories, the festival has some fantastic deals.