Nissan Terranos RearEnd Design Revealed in Official Sketch

first_imgJapanese auto maker Nissan on Saturday showed off the rear-end design of the upcoming Terrano compact SUV, hinting at the launch of the vehicle.The new crossover, christened Terrano, is based on the Renault Duster. Nissan had earlier revealed the front design of the car in another picture. The rear styling of the Terrano looks different from the Duster. The reflector is placed on the lower bumper and the tail lamps are seen split with half the tail lights placed on the backdoor.”I am delighted to reveal both the name and the very first image of what will be a very important model for Nissan,” said President and CEO of Nissan Motor India Pvt. Ltd, Kenichiro Yomura adding further. “You can see from the sketch that Terrano has a bold and distinctive design that I am confident will appeal to our growing customer base in India, as will its driving performance and range of other features that will be revealed at a later date.”The front grille and headlights of the vehicle also sported new looks. According to reports, not much will be changed in terms of the interiors of the vehicle. Nissan’s upcoming SUV is likely to be positioned above the Duster. It is expected to use the same Duster engine and will likely be launched in September. The Terrano SUV is considered to be a strong contender to the newly launched Ford EcoSport.last_img read more

Asus treats Zenfone Max Pro M1 M2 with sweet Android Pie

first_img Google Assistant now introduces visual snapshot feature After conducting beta testing for over a month, Asus has reportedly commenced rolling out the Android Pie to the company’s two popular mid-range phones.As of now, Google’s sweet baked dish-flavoured mobile OS versions— 16.2017.1903.050 & 16.2018.1903.37— is now available to the Zenfone Max Pro M1 (ZB601KL) and the M2 (ZB632KL) series in India. Since it is being deployed in phases, the major Android update is expected to reach all corners of the country by the end of this week.In addition to new Android Pie, it comes with Google’s security patch to protect the devices from the latest malware threats. Google Android 9.0 Pie is now available to both Asus Zenfone Max Pro M2 and the Zenfone Max Pro M1.Android/Twitter (screen-grab)Here’s how to install Android Pie OTA on Asus Zenfone Max Pro M1 and M2 series:1. Once you get new Android Pie update notification, select “Yes, I’m in”2. After the software is downloaded, select “Install now”3. After the software is installed, your phone will restart automatically4. Your Asus phone is now updatedAndroid Pie: All you need to know Asus Zenfone Max Pro M2 comes with 6.2-inch full HD display with Corning’s latest Gorilla Glass 6 shield.KVN Rohit/IBTimes IndiaIn addition to Google’s security patch, Android 9 Pie brings numerous new safety features, including a standardized biometric authentication prompt to provide a more consistent authentication experience across Android.After upgrading to the Android Pie, devices will restrict any apps accessing users’ phone microphone, camera, or other sensors when an app is idle or running in the background. (If an app does need to access a sensor, it will show a persistent notification on your phone.)The Pie update also brings important enhancements that protect all web communications and offer private web surfing. It enables encryption of Android backups with a client-side secret (the device PIN, pattern or password) for greater security.Android 9 Pie also makes notifications more useful and offer actionable functionalities with conversations such as attach photos and stickers along with suggesting smart replies. Also, helps users get things done faster by predicting their next move and displaying the right action on the phone.The new System navigation system offers a single home button that provides intelligent predictions and suggestions (user enabled).One of the major aspects of Android Pie is digital wellbeing. It brings Dashboard, which highlights screen time and phone usage including how many times the device has been unlocked and a number of notifications received so that they get an overview on how much obsessed with the phone. It also allows users to set App Timers to put limits on app usageAndroid Pie also comes with Wind Down and Do Not Disturb. With these features, users can set a daily schedule to get the phone ready for bed. Its screen fades to Grayscale, while Do Not Disturb silences notifications for a restful sleep. He/she can activate Do Not Disturb anytime they want to disconnect.Android Pie’s Slices feature identifies relevant information of users’ favourite apps to make them more easily accessible when they need themOther notable features include full-view screen friendly swipe-based navigation interface option, revamped setting drawer, adaptive battery and display, extend battery life and several others.Stay tuned. Follow us @IBTimesIN_Tech on Twitter and on Google News for the latest updates on Asus and Google Android Pie release schedules. Closelast_img read more

Indias World Cup squad announcement Live streaming TV telecast and predicted team

first_imgIndia defeated New Zealand convincingly in the first ODI in Napier.MARTY MELVILLE/AFP/Getty ImagesIndia will announce its 15-member squad for the ICC World Cup 2019 on Monday, April 15, in Mumbai. The tournament is slated to begin on May 30 and its final will be played on July 14When and where to watch the squad announcement India’s World Cup squad will be announced via a press conference at 3 pm IST and 10:30 am GMT. It may also be delayed by half an hour but one will be advised to tune in at 3 pm IST itself. Star Sports 1 and Star Sports HD1 will telecast the squad announcement live in English. For Hindi telecast, one may tune in to Star Sports 3 or Star Sports 3 HD. The live streaming will be available on Hotstar. World Cup squad preview There has been massive deliberation and widespread debate regarding the composition of India’s World Cup squad. Finally, all this will be put to rest when Virat Kohli finishes his meeting with BCCI’s committee of five selectors on Monday. Quinn Rooney/Getty ImagesThe selection committee will be headed by its chairman MSK Prasad who represents the south zone. The other four selectors are – Jatin Paranjape from the west zone, Gagan Khoda from the central zone, Sarandeep Singh from the north zone, and Devang Gandhi from the east zone. These five men, along with, captain Kohli will finalise only a couple of spots which are up for debate. Most of the squad select itself with the openers being Rohit Sharma and Shikhar Dhawan. The captain himself will come out to bat at number three, completing perhaps the most feared top-order batting line-up in the world at the moment. But India will be slightly worried as their openers have not been in the best of nicks. Dhawan has been in patchy form and Rohit is also not looking at his fluent best. But if they can start firing, India will be a difficult side to beat. India’s Achilles Heel is the middle order and in particular, the number 4 spot which nobody has been able to grab. Ambati Rayudu looks primed to hold onto it but it will be more a case of the team management’s faith on a player who has not been performing for a while. Vijay Shankar may also bat at number 4 and is likely to make the squad. MS Dhoni will bat at number 5 followed by Kedar Jadhav and Hardik Pandya. Dhoni will be key to how Jadhav and the rest of the spinners play as, over the last 18 months, he has been a guiding light, asking them where to bowl and what fields to set. India’s bowling line-up will contain the two wrist spinners in Kuldeep Yadav and Yuzvendra Chahal. The pace department will boast of the formidable trio of Jasprit Bumrah, Mohammed Shami and Bhuvneshwar Kumar, who is fast becoming a handy lower order batsman.  Dhoni and Kohli singing the national anthem during the World T20 in 2016Ryan Pierse/Getty ImagesThe debate on the second wicketkeeper’s slot is another contentious topic and whether Dinesh Karthik or Rishabh Pant is selected remains to be seen. Predicted squad Virat Kohli (C), Rohit Sharma, Shikhar Dhawan, Ambati Rayudu, Vijay Shankar, MS Dhoni (WK), Kedar Jadhav, Hardik Pandya, KL Rahul, Bhuvneshwar Kumar, Mohammed Shami, Jasprit Bumrah, Yuzvendra Chahal, Kuldeep Yadav, Rishabh Pant (WK).last_img read more

Cartoonist and food blogger Nikhil Pai commits suicide

first_imgNikhil PaifacebookA 28-year-old cartoonist and food blogger committed suicide by consuming poison at his residence in Mangaluru on Saturday (April 14).Nikhil Pai, a popular food blogger and one of the founders of Three Hungry Men, a food blog, ended his life at his house in Malemar-Derebail area in Mangaluru.The reason behind him talking this extreme step is yet to be ascertained. Although, it is alleged that some personal issues had taken a toll on him and this triggered him to end his life.His mortal remains were taken to AJ Hospital in Mangaluru for the autopsy. The Kavoor police have registered a case on his death. He is survived by his wife, mother and sister. His father died two years back.An amateur cartoonist, Nikhil rose to fame after the initiation of his food blog along with his friends Rajat Rao and Colin Vernon D’Souza. The trio used to hold several food-related events and used to review restaurants all around the nation. They were quite famous among the youths in Mangaluru.Nikhil had taken over the family business after the death of his father. He was managing the petrol bunk owned by his father at Baikampady.last_img read more

Sensex Plunges Nearly 600 Points on China Slowdown Fears Weak GDP Rising

first_imgIndian stock markets plunged yet again with the benchmark BSE Sensex falling nearly 600 points on Tuesday, amid concerns over China’s slowing growth and weak domestic cues.Sensex fell 586 points or 2.24% to close at 25,696, reverting to levels seen on 24 August, when it posted its biggest intra-day fall in seven years amid a massive sell-off in global markets.Among the sectoral indices, bankex, realty and metal were the biggest losers, falling by over 3% each. Stock prices of real estate developer DLF fell over 4% to close at Rs 106.25 , while Punjab National Bank (PNB) shares dropped 7.25% to end at Rs 134.35.Meanwhile, the Shanghai composite index also tumbled over 3% in the morning trade, as data showed that manufacturing activity in the country fell to three-year low in August. However, the index pared some losses to close at 3,166 points, down 1.23%.On the domestic front, the gross domestic product (GDP) growth of 7% in the first quarter was well below market expectations. The weaker-than-expected growth figure weighed on the investors sentiment, dragging the Indian stock markets down.”When you analyse the GDP data, we see that things could have been better, but unfortunately things are going relatively slow. The only silver lining out of all this particularly gloomy numbers is that we are seeing the spending from the government side, which is on the rise,” says Deven Choksey, MD, KR Choksey Securities, in an interview to ET Now.The sell-off was also triggered by renewed expectations of an interest rate hike by the US central bank in September. The US stock markets ended lower on Monday after comments from a senior official of the US Federal Reserve signaled at a possible rate hike this month.Besides, rising global crude oil prices led to a heavy sell-off. Brent crude oil prices rose for the third consecutive session on Monday, posting biggest three-day gains since August 1990.”Brent has achieved a price gain of a good 25%, while WTI is up by more than 27%. In both cases, these are their most pronounced three-day increases since August 1990, when Iraqi dictator Saddam Hussein invaded the neighbouring country of Kuwait, causing oil prices to soar,” said Commerzbank Corporates & Markets in a note.However, a rise in crude oil prices is not good for the domestic economy, as it may push inflation rate up undermining the prospects of interest rate cuts by the Reserve Bank of India (RBI).”Rise in crude oil prices is not going to be good news for markets and it is also probably not going to be good news for the Indian economy,” said Atsi Seth of Moody’s Investor Services.last_img read more

Rami Malek and Daniel Craigs Bond 25 movie details announced

first_imgDaniel Craig as James Bond in Casino RoyaleTwitter/ James BondWe finally have all the details about the upcoming James Bond movie. Daniel Craig will be reprising his role of Bond whereas, the Academy Award-winning actor, Rami Malek will play the main villain in the feature.There had been several speculations about the upcoming Bond 25 movie. At first, there were reports that Daniel Craig will be replaced by Chris Hemsworth or Idris Elba as the protagonist in the action-thriller movie. It was later clarified that Craig will star in Bond 25 for the last time as James Bond.Following which, there were talks about Danny Boyle joining as the director but the acclaimed filmmaker left the project due to some creative conflicts. But that’s all in the past now, as we have all the details about the upcoming Bond 25 movie.At the recently held live event at Ian Fleming’s GoldenEye villa in Jamaica, movie experts and fans learned several interesting things about the upcoming Bond 25 movie.As of now, the upcoming James Bond movie has no title whatsoever. Even the studio is using #Bond25 to promote the movie.Joining the cast of #BOND25 is Lashana Lynch (@LashanaLynch) pic.twitter.com/SyMGsKtH4S— James Bond (@007) April 25, 2019The other important details about Bond 25 are as follows:Rory Kinnear will return as James Bond’s stalwart ally, Tanner.Ben Whishaw will return as Q after playing the role in Skyfall and Spectre.Naomie Harris will portray Eve Moneypenny.Léa Seydoux will play the role of Dr. Madeleine Swann.Jeffrey Wright will be back as the CIA operative we last saw in Quantum of Solace.Rami Malek is reportedly going to feature as the main antagonist in the upcoming Bond 25 movie. He was featured in a video in which he said the following:A word about #BOND25 from Rami Malek pic.twitter.com/CLJ5mpO9mu— James Bond (@007) April 25, 2019″Hey everyone, this is Rami Malek and I am not jealous not one bit… that you are in the absolutely stunning setting of Ian Fleming’s iconic Caribbean home GoldenEye on the island of Jamaica!” Rami said while adding that he is stuck in New York in the production but he is “very much looking forward to joining the whole cast and crew very soon. And I promise you all I will be making sure that Mr. Bond does not have an easy ride of it in his 25th outing.”Even producer Barbara Broccoli talked about the movie’s plot and revealed that James Bond won’t be on active service at the start of the film as he will be enjoying his time in Jamaica.last_img read more

Qualcomm forms 280 million JV in China to design and sell server

first_imgChipmaker Qualcomm and the provincial government of Guizhou in China on Sunday unveiled a $280 million joint venture for the design, development and sale of advanced server technology.The US-based global semiconductor company signed a strategic agreement with the Guizhou province government and announced a joint venture with Huaxintong Semi-Conductor Technology Co Ltd with initial capital of 1.85 billion renminbi (approximately $281 million) Reuters reported.”Qualcomm will establish an investment company in Guizhou that will serve as a vehicle for future investments in China”, the provincial government and the company said in a joint statement.Derek Aberle, president of Qualcomm Inc, said the company wants to “deepen its cooperation and investment in China”. Thus, cooperation agreement, joint venture and formation of an investment company will be important for the company.Qualcomm was reportedly licensing its server technology with the help of research and development and would also supply expertise to implement the venture, Reuters added in its report.”This underscores our commitment as a strategic partner in China,” Aberle said. Under the joint venture, Guizhou would own 55% of the new company and 45% will be owned by Qualcomm subsidiary, according to a report by Venture Beat.The company plans to make ARM-based processors for servers in data centres.Last October, the company had announced that it conducted a live demo of its server development platform. It would also collaborate with chip-making companies Xilinx and Mellanox. This would give China a chance to build its own chip industry.”This server technology joint venture is a win-win scenario for Qualcomm and our Guizhou partner and will yield mutual benefits for both sides as we together pursue a very large data center opportunity in China,” said Anand Chandrasekhar, Senior Vice President and General Manager for Qualcomm Data Center Group, in a statement, Venture Beat report added.last_img read more

Dhoom 4 Will Salman Khans loss be Baahubali star Prabhas gain

first_imgSalman Khan and Prabhas.PR HandoutAfter Salman Khan refused to act in Dhoom 4, the movie seems to have fallen into the laps of Tollywood star Prabhas, who became the heartthrob of millions with the Baahubali series.If the latest rumours are to be believed, Prabhas has been approached for the antagonist role in Dhoom 4. It is said that the Yash Raj Films, which had considered him for the role initially, had changed plans at some point of time and held talks with Salman Khan.Well, Salman Khan reportedly turned down the offer as he was not keen to do a negative character. Thereafter, the names of Ranbir Kapoor and Shah Rukh Khan had surfaced. Now, it looks like these two could not take up the projects for one or the other reason and the makers have now returned to their earlier plans and approached Prabhas.The Dhoom franchise is all about bikes and babes with a cat-and-mouse game between the thief and the cops. John Abraham, Hrithik Roshan and Aamir Khan had played the well-built stylish villains.Prabhas too has such charming personality and can bring a lot of freshness to the franchise, say industry insiders.While the baddies have been changing in every film, Abhishek Bachchan as a thief-nabbing cop with the support of his sidekick Ali (Uday Chopra) has been the permanent member in the franchise. A section of Bollywood media had reported that the Junior Bachchan would be replaced by Ranveer Singh, but there is no official word on it.The first and third instalments were directed by Vijay Krishna Acharya, while Sanjay Gadhvi helmed the second part in the Dhoom franchise. The fourth instalment is rumoured to be directed, once again, by Acharya.Coming back to Prabhas, he is busy with Saaho. The shooting of the movie is almost completed and it will hit the screens in August. After this film, he will be moving on to KK Radha Krishna’s film, produced by UV Creations.last_img read more

Tamil meme creators to have field day Saravana Stores owner to turn

first_imgSaravanan Arul.PR HandoutSaravanan Arul, who holds a top position in the Saravana Stores, is all set to become a hero. The businessman is impressed by the story narrated by director duo, JD – Jerry (Joseph D Sami and Gerald) and given nod to act in the film.The forthcoming movie will be launched in September and the makers have set their eyes on Tamil New Year (April) in 2020 for its release. The pre-production works are underway and the project is expected to be announced soon.Saravanan Arul is a popular name among netizens from Tamil Nadu. Thanks his ways of branding his products, people have made him a subject of trolling. Especially his commercials with Hansika Motwani and Tamannaah Bhatia had made him a meme-friendly face.The meme creators are expected to have field days in the months to come following his latest adventure.However, people have mellowed down on their criticism over his acts in the recent months. In fact, there have been reports of his results ensuring a good brand recall value among the audience. It also paved way for his competitors to become the faces of their own brands.His relief works during Gaja Cyclone and philanthropy works have started yielding positive results for him as a section of people have started accepting him.last_img read more

Small businesses suffer as Indias bruised banks sit on deposits

first_imgPeople queue outside the Reserve Bank of India (RBI) to exchange their old high denomination bank notes in New Delhi, December 30, 2016.[Representational image]Reuters fileBusinessman Vineet Pandey has 500 housekeepers, security guards, electricians and plumbers on his books, servicing offices in India’s booming financial metropolis Mumbai. He would love to hire more to keep up with demand, but cannot get a bank loan.Pandey, 36, recently had to turn away an order that would have created 100 new jobs and helped his firm, Kaarya Facilities, expand its $1.6 million in annual sales, after his credit application to a state-run bank in January went unanswered.”We are a labour-intensive company, but if we don’t get finance from banks then we won’t be able to hire,” Pandey said.A mountain of bad debt in India’s banking system has led to a prolonged credit crunch that is inflicting most pain on small- and medium-sized enterprises (SMEs) such as Pandey’s that depend upon banks for their day-to-day working capital and longer-term borrowing needs.India has more than 45 million such enterprises, accounting for nearly 40 percent of gross domestic product. Smaller businesses also account for the bulk of job creation, so a lack of bank credit reaching them threatens Prime Minister Narendra Modi’s promise to create 250 million jobs over the next decade.The problem is not that Indian banks lack deposits to lend. After last November’s decision by Modi to scrap high-value banknotes, a dramatic move to purge illicit or untaxed “black cash” from the shadow economy that forced holders to deposit high value currency with their banks, they are awash with $50 billion in excess liquidity.But banks’ worsening asset quality has made them reluctant to grant new loans, especially to smaller businesses that are perceived as riskier.RISK-AVERSEThe bulk of India’s $150 billion in soured loans are owed to state-run lenders that dominate the banking system. Criminal investigations into some defaults, in which former bank bosses have been arrested, have made today’s managers fearful that bad lending decisions might come back to haunt them.”It is a safety-first approach,” said a senior official at one state-run bank. “No loan officer wants a knock on his or her door later by the investigative agencies.”Banks can park their excess deposits safely with the Reserve Bank of India (RBI) or hand out smaller, less risky loans to consumers. Even as lending to industry has shrunk in seven of the past eight months, retail loans are growing at a double-digit pace, RBI data shows.Private sector banks, less exposed to the bad loan problem, are more willing to service demand from corporates.But since private banks account for just a third of banking assets, they cannot fully offset the credit slowdown.RECAPITALISATIONIn a bid to fix the loan stress, New Delhi this month empowered the central bank to push reluctant lenders towards writedowns and errant borrowers into insolvency.Government and RBI officials say the measure should speed resolution and improve the flow of credit to industry.Analysts are more sceptical, and expect loan growth to remain weak until banks are adequately recapitalised.”They do not address the lack of capital at the state-owned banks that has prevented them from writing down non-performing loans to realistic levels,” said ratings agency Moody’s.Big companies, meanwhile, have shifted to borrowing via bonds and commercial paper.The most spectacular rise has been in the domestic bond market, where corporates raised 60 percent more in the fiscal year to March 2017 than in the year before, according to Thomson Reuters data.But smaller businesses seldom have the credit profile to tap the debt markets, while the amounts they generally borrow do not justify paying bankers to arrange bonds and get them rated.Turned away by the banks, they are forced to borrow from non-banking financial companies (NBFCs), or even relatives and friends, at often-punitive rates of interest.Manish Sharma, whose Delhi-based company manufactures electric cables, recently had to approach one NBFC for a Rs 10 million ($156,000) credit after his bank refused to provide a loan to complete a large order without matching collateral.”They kept insisting on collateral,” said Sharma. “If I had that kind of money, I would have never gone to them for the loan.”Credit demand from borrowers such as Sharma is driving double-digit loan growth at NBFCs. They charge higher rates than banks, but their loans are processed faster and require little paperwork.Sharma is paying 16 percent interest on his loan, higher than the average 12 percent charged by state-run banks. Still, he reckons the return on his investment will outweigh the costs.”The order was very big and very profitable, we had to find a way to deliver it,” Sharma said. “The struggle to get funds has already put brakes on our growth.”($1 = Rs 64.0800)last_img read more

Two wheeler sales June 2017 Hero Motocorp TVS HMSI Royal Enfield report

first_imgMotorcyclists crowd a fuel station to fill up on petrol in Ahmedabad.Reuters fileTwo-wheeler sales witnessed a mixed trend in June, with Honda Motorcycle & Scooter India (HMSI), TVS Motor Co. and Hero Motocorp reporting growth while Bajaj Auto saw volumes drop. The month saw hectic activity given that companies were dealing with the last month before the goods and services tax (GST) kicked-in, from July 1 across India except for Jammu & Kashmir.In the domestic market, TVS Motor Co. sold 228,518 units last month, up 10.4 percent from 207,012 vehicles sold last June, while exports rose 20.8 percent to 40,120 units, resulting in an overall growth of 11.8 percent. Hero Motocorp sold 6,24,185 units in India, up 14 percent from 5,49,533 sold last June. “The company sold 547,185 units of motorcycles during the month of June, thereby growing by 13 percent over the corresponding month last year. Hero MotoCorp sold 77,000 scooters in June, registering a 22 percent growth over the corresponding month in 2016,” Hero Motocorp said in a statement on Monday.HMSI reported a modest 2 percent growth in domestic sales at 416,498 units from 407,979 vehicles in June 2016, while exports rose 47 percent to 28,215 units and announced price revision.”Starting July 1, Honda is passing on the GST benefit applicable in most of the states to our valued customers who now get significant savings going up to Rs. 5,500 depending on the model and the state of purchase,” Yadvinder Singh Guleria, Senior Vice President – Sales and Marketing, HMSI said.Bajaj Auto’s two-wheeler sales declined 25 percent on to 2,04,667 units in June; the fall in domestic sales was 33 percent while exports took an 8 percent hit. “The company cut the vehicle prices by upto Rs 4,500 a fortnight before the GST implementation despite which the sales have remained weak. We have a neutral rating on the stock,” Shrikant Akolkar, Research Analyst- Auto & Auto Ancillary, Angel Broking,said in a note on Monday.Royal Enfield sales grew 25 percent to 63,160 units as against 50,682 vehicles last June.last_img read more

Petrol and diesel prices drop in India for 5th consecutive day

first_imgPeople wait for their turn to fill fuel at a petrol pump in Lucknow, India, November 9, 2016.Reuters fileAfter rallying up for weeks, the fuel prices have started coming down in India, much to the relief of the public. Petrol and diesel prices have started continued to fall for the fifth straight day on Monday, February 12. Petrol price across the metro cities in India saw a dip of 21-22 paise per liter while the diesel price declined by 28-30 paise per liter on Monday alone. According to Indian Oil Corporation’s website, petrol is priced at Rs 80.87 per liter in Mumbai, Rs 73.01 per liter in Delhi, Rs 75.7 per liter in Kolkata, and Rs 75.73 per liter on Monday. Diesel is priced at Rs 67.75 per liter in Mumbai, Rs 63.62 per liter in Delhi, Rs 66.29 per liter in Kolkata and Rs 67.09 per liter in Chennai.Also Read: Fuel prices burn pockets: Petrol costs Rs 81.24 per liter in MumbaiAt present rate of global crude oil, rupee-dollar exchange rate, excise duty, and VAT (Value Added Tax) levied by the ministry and state governments etc are the major deciding factors of fuel prices in India.In India, state-owned petrol and diesel retailers have adopted the daily price revision system from June 2017 by putting an end to the 15-year-old practice of revising fuel rates on 1st and 16th of every month. Under the new dynamic daily pricing system, diesel and petrol rates are revised every dayIn Union Budget 2018, finance minister Arun Jaitley reduced basic excise duty on petrol and diesel by Rs 2 per liter.  He also announced the introduction of a new Road and Infrastructure Cess of Rs 8 per liter. The Goods and Services Tax (GST) Council may consider the proposal to bring fuel rates under GST structure in its next meeting. Currently, the fuel prices are out of the GST regime.last_img read more

OnePlus eyeing new HQ in India RD centre likely in Bengaluru or

first_imgOnePlus 6 Midnight Black special variant comes with 256GB 8GB RAM configuration.OnePlus India Press KitChinese smartphone giant OnePlus is enjoying unprecedented success in India. After capturing nearly 50 percent market share in the high-end segment (as of Q1 2018) thanks to its brilliant devices, the company is now looking to open up new facilities in the country.The Original Equipment Manufacturer (OEM), known for its inexpensive flagships is looking to open a second global headquarters in India, and also has plans of setting up and R&D centre in the country that accounts for a third of the company’s business revenue. India is also OnePlus’ second-biggest market in terms of volume sales, making the country a high-priority for the firm. The move comes after OnePlus announced plans to manufacture smartphones in India, specifically targeting the local market. By bringing more operations to India, the Chinese firm will not only be ab;e to decentralised operations and decision making, but also reduce costs.As per Vikas Agarwal, who is the GM of OnePlus India, “The R&D centre is to be set up either in Hyderabad or Bengaluru by the year-end. The centre will have around 50 employees — the Chinese centre has around 100 — to help localise products for the Indian market.”To further boost its offerings in the country, OnePlus will expand its service centres from the current 12 to 25, although no time frame was given. It will also set up five experience zones in India, as well as expanding its offline footprint across the country in a bid to provide OnePlus members with more platforms to engage with the brand. The moves are also expected to attract more people to switch to the OnePlus brand by providing them with an engaging experience with the OnePlus devices before they make a  purchase decision.At launch, OnePlus branded itself as a ‘digital first’ firm selling devices exclusively through Amazon in India, but over time has expanded its physical retail presence to ensure it remains competitive in the Indian market. The brand is known for roping in big names like Amitabh Bachchan for conventional ads, as well as digital media where it has preferred to pick up students as brand ambassadors.OnePlus’ latest offering, the OnePlus 6 has launched to great reviews and has kept the brand alive in the highly competitive Indian market.last_img read more

1 billion for Intels 5G business why is Apple crazy about it

first_img Close 5 Highlights From 2019 Apple Event Apple announced that it will be buying Intel’s cellular modem business for $1 billion. The transaction is expected to close by the last quarter of 2019. The acquisition would include a corporate exchange of about 2,200 employees from Intel with the transfer of IP and equipment to Apple.The envelope to the deal will enclose about 17,000 wireless patents on protocols for cellular standards, modem architecture, and operations. The deal also signs amendments stating that Intel will be allowed to develop modems for PCs, IoT devices and autonomous vehicles. An Intel sign is seen at the Intel Museum in Santa Clara, California on November 4, 2016. / AFP / JOSH EDELSONJOSH EDELSON/AFP/Getty ImagesThe acquisition will allow Apple to build 5G modems for its smartphones rather than depending on Qualcomm for the hardware. The iPhone major though signed the deal with Intel; it will rely on Qualcomm’s hardware until the patent license agreement of six years between the two companies comes to an end.Apple had been using hardware from both, Intel and Qualcomm till last year when they closed a deal with Qualcomm to solely produce cellular modems for their devices. Intel had been struggling since then without any buyer for its products. Apple CEO Tim Cook launches the Apple March 2019 event. Courtesy apple.comApple had been trying to relieve itself from all third-party collaborations and focused on in-house manufacturing of the modems. It has been working on the modem technology for years through its research and development (R&D) centres in San Diego.According to some reports, the iPhone manufacturer will be able to complete its research and development to produce its own modems by 2022. So, there might be good news for the users as the research and development on modems might bring variations in the i-devices.center_img IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:00/2:55Loaded: 0%0:01Progress: 0%Stream TypeLIVE-2:55?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading …last_img read more

BSNL privatisation Salary delay worsening fiscal crisis intensify speculation

first_imgA woman walks past a logo of the Bharat Sanchar Nigam Ltd (BSNL) painted on a wall outside its office in Kolkata, India. A delay in payment of July salaries to BSNL staff has intensified speculation about the timing of the public sector telecom player’s privatization.REUTERS/Rupak De ChowdhuriThe failure to pay the staff of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) their salaries for July has triggered fresh speculation about the privatisation of the public sector telecom providers.Industry observers claim the government’s focus shifted to BSNL and MTNL after speeding up the privatisation procedures of national carrier Air India. The government has ordered Air India to freeze all appointments and promotions, setting the field for the privatization process.For the first time after Prime Minister Narendra Modi swept back to power, BSNL reportedly failed to pay its 1.76 lakh employees on time. The two public sector units (PSUs) had delayed salaries for February until mid-March due to a financial crisis. The BSNL had then said that it used its internal accruals to clear the pending salaries.The government, during its earlier stint, had held back sanction to the public sector telecom player for introducing 4G services, handing a major advantage to private-sector competitors. The government has also dithered on a decision to allow its participation in the imminent 5G trials.While BSNL chairman and managing director PK Purwar said that employees will get the July salary this week, an employees’ union leader said that no information had been shared by the management about early salary payment, according to PTI. “Salary for the month of July has not come. There is also no information when will it be credited,” the report quoted the All India Unions and Associations of BSNL (AUAB) convenor, P Abhimanyu, as saying. BSNL has continued to lose customers to private-sector competition as delayed government decisions have blocked the updating of its services.Facebook/ ReutersPurwar told the news agency that employees would get the salary in this week. “Funds are being arranged through internal accruals,” Purwar said. BSNL has 1.76 lakh employees across the country and MTNL about 22,000 employees.This is for the first time that the two public sector companies have defaulted on paying the staff on time after the new government took charge. The BSNL needs Rs 750 crore to Rs 850 crore for salaries while the MTNL needs around Rs 160 crore. The report said the MTNL Human Resource and Enterprise Business director Sunil Kumar said the company was in the process of collecting some dues after which the salary would be paid on a priority basis “very soon”.last_img read more