Author: News Desk

The acquisition is estimated at around 500 million euros (RS 4,060 cr) Reliance Industries and METRO have been discussing it for a few monthsThe German parent firm agreed to Reliance’s terms last weekThe deal covers METRO Cash & Carry India’s 31 wholesale distribution centresIt also covers land banks and other assets of the firmThe acquisition would help Reliance expand its presence in the B2B segmentMETRO Cash & Carry’s clientele includes retailers and Kirana stores, hotels, restaurants, corporates, SMEs.. etcMETRO AG entered the Indian market in 2003 and has stores across IndiaBoth firms are yet to confirm the news

Dubai witnessed record real estate transactions within a weekTransactions worth 3.51 Billion dollars or 28,000 crore rupees occurredThe 3,126 transactions included apartments and villasAccording to Dubai Land Department’s records, 348 property dealings also happenedThe biggest one was the sale of two plots worth 350 million Dirhams in World IslandJebel Ali alone witnessed transactions worth 950 crore rupeesTransactions between families were 2 million DirhamsMukesh Ambani also has a palace in Dubai, an emerging hub of rich peopleAmbani bought a 3,000-sq ft palace for 650 crore rupees

With 6,200 MW installed solar-power capacity, TN got fourth place in a national ranking prepared as of September 30. The first three spots went to Rajasthan, Karnataka, and Gujarat. Between March 31, 2019 and March 31, 2022, TN’s solar-power capacity rose from 2,575 MW to 4.986.01 MW. TN hopes to reach the top position among southern States by implementing new solar projects. Tangedco has planned solar parks in every district, with a combined capacity of 4,000 MW. In the first phase, 3,273 acres have been acquired in six districts Tiruvarur, Karur, Nagapattinam, Kancheepuram, Chengalpattu, and Salem.

The construction of the world’s tallest 3D building has been completed. The three-story villa is located in Saudi Arabia. It is 9.9 metres tall and made using low-cost local materials. Local real estate developer Dar al-Arkan constructed it. The company used technology from Denmark-based COBOD. The cost was less than $9,967. The first floor has living areas, a hall, a kitchen, and two toilets. The second floor consists of two bathrooms, a living room and a balcony. The third floor has a maid’s room, a multipurpose hall and a laundry room.

All COVID-19-related restrictions and safety precautions have been lifted by UAE authorities. The prohibitions and safety precautions relating to COVID-19 have been lifted, the authorities announced. Except in health facilities, facilities, and centres for people of determination, wearing a facemask will be optional in all open and enclosed locations, including mosques and places of worship. The authorities stated that since personal carpet prayer is no longer required as of the decision’s activation date, they also proclaim its optionality in mosques and chapels. According to the authorities, the Al-Hosn application will only be able to provide proof of vaccination records and…

Following several unauthorised Railway information apps, many passengers in Mangaluru and other regions are said to have missed their trains as train operations over the Konkan Railway network switched back to the regular timetable from the monsoon timetable on November 1. In a statement issued , the Palakkad Division of Southern Railway advised travellers to consult the National Train Enquiry System (NTES), which can be accessed online, through an app, or by calling 139. It cautioned users not to use unofficial apps that continue to display monsoon timings for trains running on the KRCL network.

The world-famous Tirupati Lord Venkateswara temple’s net worth is over Rs 2.5 lakh crore. It is more than the mcap of Wipro, Nestle, ONGC and IOC. It is the first time Tirumala Tirupati Devasthanams revealed its net worth. Tirumala Tirupati Devasthanams is the keeper of the temple. Its assets include gold deposits, jewellery, cash deposits and properties across India. All these are given by devotees as offerings. The temple has 10.25 tonnes of gold deposits and 2.5 tonnes of gold jewellery. Deposits in banks amount to R 16,000 crore. Across India, it has 960 properties. Only a few companies have a bigger market valuation than the temple trust’s net worth. Some are  Reliance Industries Ltd, TCS, HDFC, SBI, and…

The Department of Telecommunications’ Universal Service Obligation Fund (USOF), an organisation that promotes domestic production and innovation in the industry, launched the Telecom Technology Development Fund (TTDF) programme. To create and grow the telecom ecosystem, the TTDF aims to provide funding for research and development (R&D) in uses of communication technology that are specifically suited for rural areas. The programme also intends to encourage technology ownership and domestic production, foster a culture of technological co-innovation, lower imports, increase export opportunities, and generate intellectual property, according to a statement from the Ministry of Communications. As part of the scheme, USOF aims…

MG introduces its affordable electric car, MG Air EV The two-door car will be launched in 2023 It is positioned as an urban commuterMG Air EV will be based on the Indonesian model Wuling Air EVIt will be adjusted to meet the Indian requirements. MG Air EV will be smaller than Maruti Suzuki Alto It will have a touchscreen infotainment systemThe vehicle will come in two range modelsThe standard range model with a 17.3 kWh battery will provide 200 kmThe long-range model with a 26.7 kWh battery will give 300 kmThe car will be priced within Rs 10 lakhs

Apple held a 40% market share in India’s premium market, followed by Samsung and OnePlus, which saw their highest-ever shipment share in the country’s third quarter. During the quarter, Apple increased its market share in India’s smartphone market to 5%, which was fueled by a vigorous channel push prior to the holiday season. According to Counterpoint Research, the total India smartphone quarterly shipment rankings were led for the first time ever by an iPhone (iPhone 13). Additionally, Apple has a contract with a different producer to make the newest iPhone 14 series phones in India. With Taiwanese producer Pegatron, the…