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Xiaomi launched the Mi Notebook 2021 series in India during its Mi Smarter Living 2022 virtual event on Thursday. The series spawns two models Mi Notebook Ultra and Mi Notebook Pro and is a follow-up to the Mi Notebook 14 series from last year. The Mi Notebook 2021 series packs a premium all-metal body, high-resolution display, 11th Gen Intel Core processors, plenty of connectivity ports and a promise of all-day battery life. Price starts at Rs 56,999 and goes all the way up to Rs 76,999. Mi Notebook Ultra, Mi Notebook Pro India price and availability details The Mi Notebook Ultra, which is the flagship offering, starts at Rs 59,999 for a version with Intel Core i5-11300H processor and 8GB RAM. A version with double the RAM will be available for Rs 63,999. The top-end Mi Notebook Ultra with Intel Core i7-11370H processor and 16GB RAM will set you back by Rs 76,999. Also Read | Mi Smart Band 6 unboxing and first look: Design, specs, features, and everything to know The Mi Notebook Pro, on the other hand, starts at Rs 56,999 for a version with Intel Core i5-11300H processor and 8GB RAM. A version with double the RAM will be available for Rs 59,999. The top-end Mi Notebook Pro with Intel Core i7-11370H processor and 16GB RAM will set you back by Rs 72,999. Both laptops will be available across Mi.com, Mi Homes, Amazon and retail stores starting August 31. Xiaomi will offer HDFC card members up to Rs 4,500 additional discount on purchase of Mi Notebook Ultra and Mi Notebook Pro. Mi Notebook Ultra hardware Xiaomi says the body of the Mi Notebook Ultra is milled out of a single block of Series 6 Aluminium. This is a thin and light laptop measuring less than 17.9mm in thickness and weighing just 1.7kg. Like its predecessor, the design of the Mi Notebook Ultra is also very minimalist. It will be available in sliver. This is paired with a large 15.6-inch display with a 3200×2000 pixel or 3.2K resolution and 90Hz refresh rate. The IPS panel in the Mi Notebook Ultra covers 100% of the sRGB colour gamut, according to Xiaomi. A tall 16:10 aspect ratio, meanwhile, makes this laptop extremely lucrative for productivity tasks. The company has also thrown in a 720p webcam with a 2D array dual-microphone setup for voice and video calls. The Mi Notebook Ultra has a backlit keyboard with three levels of illumination. Xiaomi says it is also offering a trackpad that is 62% larger than the one in the previous generation of Mi Notebook 14 series. Individual keys have 1.5 mm travel and the trackpad supports Windows Precision Drivers. Under the hood, the Mi Notebook Ultra comes with up to Intel Core i7-11370H processor paired with up to 16GB of 3200MHz DDR4 RAM, 512GB of NVMe SSD storage and Intel Iris Xe graphics. The 70WHr battery inside the laptop is rated to deliver up to 12 hours of battery life. There is support for 65W USB Type-C charging which can charge it from 0 to 50% in just under 45 mins. Connectivity options include Thunderbolt 4 port, USB Type-C port, HDMI 1.4 port, a USB 3.2 Gen 1 port, a 3.5mm audio jack and USB 2.0. The laptop also supports Wi-Fi 6 and Bluetooth 5.1. For biometrics, it has a physical fingerprint scanner which supports Windows Hello. Rounding off the package are two 2W speakers. Mi Notebook Pro hardware The Mi Notebook Pro has the same all-metal unibody design as the Mi Notebook Ultra but it has a smaller 14-inch 2.5K screen. The screen, again, supports 100% coverage of the sRGB colour gamut and has the same 16:10 aspect ratio as the Mi Notebook Ultra. Refresh rate caps at 60Hz though. Under the hood, the Mi Notebook Pro has the same core hardware. It also has a fingerprint scanner and backlit keyboard, though individual keys here have 1.3mm travel. Also Read | Mi Notebook 14 Horizon Edition review: Xiaomi brings its magic to laptops
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of petrol and diesel were left unchanged by oil market companies on Monday, for the sixth consecutive day. Today, petrol in the national capital costs Rs 101.49 per litre, while Diesel in the capital city is retailing at Rs 88.92 per litre. So far this week prices have been cut twice. The price of petrol was cut for the first time in 35 days on Sunday. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates. Mumbai52 per litre. Diesel in the country48 per litre. The divergence in prices between Delhi and Mumbai is due to various local VAT factors in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol has crossed the Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab. Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune -Chennai: Petrol prices 20 per litre; Diesel prices 52 per litre -Kolkata: Petrol prices 82 per litre; Diesel prices 98 per litre -Pune: Petrol prices 08 per litre; Diesel prices 59 per litre -Bengaluru: Petrol prices 98 per litre; Diesel prices 34 per litre -Hyderabad: Petrol prices 54 per litre; Diesel prices 99 per litre -Noida (UP): Petrol prices 79 per litre; Diesel prices 49 per litre -Mohali (Punjab): Petrol prices 65 per litre; Diesel prices 98 per litre -Chandigarh: Petrol prices Rs 97.66 per litre; Diesel prices 62 per litre -Gurugram (Haryana): Petrol prices 21 per litre; Diesel prices 60 per litre Crude Oil price Crude oil prices were moving in the opposite directions on Monday morning. Oil platforms were shut in some regions as Hurricane IDA neared. According to Reuters, Brent crude futures were up, trading at $72.86 per barrel while the U.S. West Texas Intermediate futures slipped to trade at $68.70 a barrel.
Businesses that have not filed GSTR-3B returns in the preceding two months will not be able to file details of outward supplies in GSTR-1 from September 1, GSTN has said. While businesses file GSTR-1 of a particular month by the 11th day of the subsequent month, GSTR-3B, through which businesses pay taxes, is filed in a staggered manner between 20th-24th day of the succeeding month. In an advisory to taxpayers, GSTN, which manages the technology backbone for Goods and Services Tax, said that Rule-59(6) of Central GST Rules which provides for restriction in filing of GSTR-1, will come into effect from September 1, 2021. According to the rule, a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both in Form GSTR-1, if he has not furnished the return in Form GSTR-3B for preceding two months. For taxpayers filing quarterly return, GSTR-1 filing would be restricted if he has not furnished the return in Form GSTR-3B for preceding tax period. EY Tax Partner Abhishek Jain said this is a well thought restriction and a necessary control check to eliminate the cases where taxpayers although report their supply invoices in GSTR-1 (due to constant follow ups from recipients side) but they do not submit their corresponding GSTR-3B return through which tax is actually paid to government. Compliant taxpayers would appreciate this move as till now their input tax credit was also at risk in case vendors do not file their GSTR-3B even though such invoice is appearing in GSTR-2A, Jain added. AMRG Associates Senior Partner Rajat Mohan said from September 1 GSTN is implementing GST rules that bars a taxpayer to file GSTR 1 wherein taxpayer has not paid taxes for previous two consecutive tax periods. This system will cumulatively result in barring the flow of tax credit to the customers of a non-compliant vendor, Mohan said Implementation of this Rule on the GST Portal would be completely automated and digital, thereby no separate approval would be necessary from the tax-officer to restore the facility for filing of GSTR-1, Mohan added.
Diversified gaming and sports media platform Nazara Technologies Limited has acquired a 100% stake in Hyderabad based skill gaming company OpenPlay for a total consideration of Rs 186.4 crores. The OpenPlay acquisition offers an opportunity for Nazara to build a network of skill gaming destinations operating on one common tech platform, Manish Agarwal, CEO, Nazara, said. OpenPlay operates a multi-game consumer gaming platform under the As per the company, OpenPlay currently has an annualised gross gaming revenue runrate of Rs 80 crores and is operating on EBIDTA positive margins. With its recent launch of influencers hosted skill gaming tournaments, the company is poised to grow its user base at rapid pace in coming quarters. OpenPlay is led by Sreeram Reddy Vanga who is a serial entrepreneur in the global online gaming industry. Prior to this, Vanga founded and led CozyGames to become the second largest Bingo network in the UK before being acquired. He was also part of the early team at PartyGaming which went IPO on the London Stock Exchange in 2005. The These companies include Nodwin Gaming and Sportskeeda in Esports NextWave Multimedia, developer of World Cricket Championship (WCC), and Paper Boat Apps, developers of popular gamified early learning app Kiddopia. Read Also: Why it is important to protect consumer interest in a digital world Follow us on Twitter,Instagram,LinkedIn,Facebook
The value of outstanding loans to large industries shrank for the 11th straight month in July 2021, showed data released by the Reserve Bank of India (RBI). Much of incremental growth in bank credit has been led by the retail segment as a trend of deleveraging among corporates continues. Analysts have attributed the shrinkage in credit to large industry to lower utilisation of sanctioned limits and reduction in exposures by banks. In a report on Wednesday, ICICI Securities said under-utilisation of limits, a modest demand outlook and rundown of exposure in few sectors have resulted in a fall in bank credit to industry. Last month, State Bank of India (SBI) chairman Dinesh Khara said sanctioned limits are still under-utilised to the extent of 25%. Similarly, banks with a significant presence in corporate lending, such as Bank of Baroda (BoB), have admitted to consciously running down some low-margin loans. Sanjiv Chadha, MD CEO of BoB, told FE in August that an abundance of liquidity has resulted in pricing pressure on the corporate side. Despite a low-interest rate environment, bank lending to corporates has not seen much traction. There may be an improvement in corporate lending trends in the months ahead, though. ICICI Securities said the demand prospects are improving. Pricing trends, too, are likely to improve, according to BoB Brownfield expansion is also going on, he said. A steep decline in bond market rates till July 2020 had led to a narrowing of the spread between bank funding and bond rates, but bond yields seem to be trending upwards now, KIE analysts wrote in a report.
Nearly 80 per cent of corporate employees want to work from home at least once a week post-COVID, according to a survey by property consultant JLL India. In its survey Workers Preference Barometer for India, JLL India found that employees would prefer to work two days in the office and three days remotely. The sample size of the survey was 300 employees, working with various corporate houses. 79 per cent of the workforce wants to work remotely from home at least once in a week, and this number goes up to 89 per cent when a third-party place of work is added, JLL said in a statement. The consultant said that an ideal working week, post-Covid, seems to be one where employees spend three days working remotely and two days in the office. The survey highlighted that employees want more balance in their working patterns, with a hybrid work model and flexibility being key. The offices of the future will have to be more human-centric, putting health and well-being at the forefront, said Radha Dhir, CEO and Country Head, India, JLL. Almost 60 per cent of those surveyed believe that a workplace that promotes a healthy lifestyle and safety is a key priority, she added. There is a greater understanding and need for work-life balance amongst employees now. We are also seeing the need for human connection gaining prominence amongst employees as they crave social connections and emotional engagements in the workplace, Dhir said. The companies would have to be mindful of the requirement for more flexible work patterns, she advised. Even as the office retains its place in a working set-up being reshaped in a post-COVID world, aspirations are increasing from the modern workplace, while homeworking is still preferred, JLL said. Among other findings, 91 per cent of the respondents favoured flexible working hours. Stating that the priorities of the workforce have undergone a shift, the consultant said corporate employees want an empathetic employer and work-life balance, more than a comfortable salary. The pandemic has prioritised working in an environment that puts health and well-being at the forefront. According to the survey, 21 per cent of the workforce does not want to work from home in the future, as opposed to 16 per cent in October last year. However, flexibility is becoming more attractive. The hybrid work environment retains its appeal, but more people want to return to the office at least once a week. Almost 75 per cent of the surveyed employees want to work from the office at least once a week compared to 52 per cent in October 2020, JLL said. Significantly, still 79 per cent employees today want to work from home at least once a week compared to 84 per cent in October 2020, indicating that home working as part of flexible work patterns is a key desire, the report said.
Vedanta Ltd on Thursday said it has spent Rs 331 crore in 2020-21 fiscal on its corporate social responsibility (CSR) programmes that positively impacted the lives of 4.23 crore beneficiaries. Releasing its maiden social impact – CSR report, the company said it has spent Rs 331 crore in the last financial year on various CSR activities with a focus on pandemic relief works, childrens well-being and education, women empowerment, healthcare, sustainable agriculture and animal welfare, environment protection and restoration, development of community infrastructure, among others. Vedanta Ltd has positively impacted the lives of 4.23 crore people across the country through its various social development initiatives, the company said in a statement. As part of its many interventions, Vedanta said it also extended significant support towards fighting the COVID-19 pandemic. Vedanta has committed Rs 201 crore in the battle against COVID-19, including Rs 101 crore donation to PM-CARES Fund and an additional Rs 100 crore corpus for supporting communities, daily wage workers, preventive healthcare and welfare of employees, contract partners or business partners. As many as 15 lakh have benefitted from Vedantas Covid Care initiatives. Additionally, this year under Vedanta Cares, field hospitals were set up with 100 critical care beds with oxygen and ventilator support across 10 locations, and over 20 lakh litres of oxygen to Covid-affected patients were supplied. Earlier this year, Vedanta announced the social development roadmap through the Anil Agarwal Foundation (AAF) and pledged Rs 5,000 crore as part of their Give Back towards its rural upliftment programmes. The company said AAFs Swasth Gaon Abhiyaan will provide end-to-end healthcare services across 1,000 villages in 12 states, impacting the lives of more than 2 million people. AAF is also running its flagship Nand Ghar programme, in partnership with the Ministry of Women Child Development (MoWCD), that aims to provide critical access to nutrition, healthcare, education and women empowerment. Around 2,400 Nand Ghars have been set up across 11 states with the vision of transforming the lives of 7 crore children and 2 crore women across 13.7 lakh Anganwadis in India, it added. On the occasion of the release of the report, Vedanta Resources Chairman Anil Agarwal, said, Over the years, Vedanta has been positively impacting lives, through healthcare, education, skilling, and livelihood providing inclusive development of our communities and developed trust with our communities. We will continue to scale this up as much as possible?. Vedanta Resources Director Priya Agarwal Hebbar said the company has built over the years one of the most impactful CSR programmes in India, but this time around the company went beyond its scope of traditional activities with a stronger focus on protecting lives during the pandemic. We believe every mother and child should get the opportunity they deserve to grow and with this purpose in mind we developed the Nand Ghars program, she said. The company is also launching a first-of-its-kind animal welfare project, which will provide world-class infrastructure, veterinary services, training facilities and shelters in partnership with global academic institutions and knowledge partners, she added.
Aptus Value Housing Finance shares made a muted listing on the stock exchanges today, continuing the recent trend of discounted listing on Dalal Street. Shares of Aptus Value opened for trade at Rs 329.95 per share down 6.53% or Rs 23 apiece from the upper end of the IPO price band of Rs 353 per share. The stock opened with losses despite the positive momentum seen in domestic benchmark indices. The retail-focused housing finance company had entered primary markets to raise Rs 2,780 crore through the IPO earlier this month. Of the total issue size, Rs 500 crore was a fresh issue of equity shares while the remaining was an OFS by existing investors. Aptus Value Housing serves low and middle income self-employed rural and semi-urban customers. The company had a market capitalization of Rs 16,351 crore on listing. Check live price: Aptus Value Housing Finance The IPO of Aptus Value Housing Finance was oversubscribed by all pockets of investors. Half of the entire IPO was reserved for Qualified Institutional Buyers (QIB) who subscribed their portion 32.41 times. Retail investors had 35% of the IPO reserved for themselves and subscribed to the issue 1.35 times. Non-Institutional Investors (NII) bid for the IPO 33.91 times the portion reserved for them. Aptus Value Housing Finance provides small loans for the purchase and self-construction of residential property, home improvement and extension loans. The company offers no loans of more than Rs 25 lakh. Over financial year 2019 and 2021, Aptus Value Hosuing9%\/ 51.0% \/ 54.7% to Rs 430.1 crore \/ Rs 350.9 crore\/ Rs 266.9 crore, respectively. In the previous financial year, its calculated NIM stood at 10.5% with an average yield at 15.5%, said analysts at Ventura Securities. The brokerage firm valued the IPO at the upper end of the price band at 8.6x FY21 P 03 on post-issue basis, the company is going to list at a P\/B of 7.06 with a market cap of Rs 1,74,940 mn, while its peer namely Aavas Financiers is trading at a P\/B of 8.47,
BrahMos Aerospace, a joint venture (JV) of Defence Research and Development Organisation (DRDO) of India and NPO Mashinostroeyenia (NPOM) of Russia, has proposed the setting up of a modern production facility in the Lucknow node of the Uttar Pradesh Defence Corridor for BrahMos Missile Project with an investment of `300 crore as part of its expansion plans. A delegation of BrahMos Aerospace, headed by director-general of BrahMos Sudhir K Mishra met chief minister Yogi Adityanath on Tuesday and briefed him about the Brahmos Weapon System and the JV entity Earlier, in a letter to Uttar Pradesh Expressways Industrial Development Authority (Upeida) CEO and additional chief secretary (home) Awanish Awasthi, Misra has sought 200 acres for the project in the Lucknow node of the Uttar Pradesh Defence Corridor for making the BrahMos missile and has said that it will start civil construction within three months of getting possession of the land. This project is envisaged to generate 5,500 direct and indirect employment opportunities for technical workers as well as more than 10,000 direct and indirect jobs for skilled, semi-skilled and non-skilled workers. Over 200 small, medium and large Indian public and private sector defence enterprises, institutions and laboratories have been associated with the BRAHMOS missile programme. The establishment of such a facility would not only vastly expand Uttar Pradesh Prime Minister Narendra Modi had announced the creation of a defence corridor in UP during the Investors Summit in January 2018 and the state government further announced that it would set up nodes at Lucknow, Kanpur, Chitrakoot, Jhansi, Agra, and Aligarh. According to Upeida officials, in the last three years, over 65 companies have requested the government for land in the Defence Industrial Corridor to set up their factories, of which around 19 companies have been allotted 55.4 hectares of land by the Upeida recently.
Soon after Kabul fell to the Taliban on August 15, 2021, C-17 Globemaster, the largest transport aircraft operated by the Indian Air Force (IAF) was deployed to evacuate Indian citizens from that country. The C-17 Globemaster undertook several sorties to bring back Indian citizens including the diplomats and other personnel of the Indian Mission and Consulates. Also those evacuated included Afghan Sikhs and Hindus and other nationals including Nepalese. Sources confirmed to Financial Express Online, These transport aircraft were off from India Funded by the Ministry of External Affairs, this was the most critical base for the evacuation sorties carried out by the IAF. This base is being jointly administered by India and Tajikistan. More about C-17 Globemaster III The C-17 has been an important part of the Indian Air Force In 2009 the IAF had selected the C-17s for its requirement of The USD 4.1 billion contract was signed in 2011 for 10 C-17 Globemaster III. According to officials in the IAF, the first C-17 Globemaster was inducted in 2013. Today the IAF has a fleet of 11 C-17 Globemaster IIIs, in 2019; the 11th C-17 was inducted. With 11 in its fleet, outside the US, India became the biggest operator of these aircraft in the world. Which other countries have the C-17 in their Air Force? Besides India and the US, the UK (8), Canada (5), Australia (8), the UAE (8), Kuwait (2), Qatar (8), and a 12 nation Strategic Airlift Capability Consortium (3). Who is responsible for the maintenance of these C-17s? The US aerospace major Boeing has been maintaining IAF The C-17 fleet has maintained high serviceability rates since its induction. The American company is responsible for maintenance, field support services, modifications and upgrades, technical manual support and logistics engineering services. Also, the company Boeing The company This aircraft, a force multiplier for militaries across the globe is a high-wing, four-engine, T-tailed aircraft and has a rear-loading ramp. According to the details posted on the company And can also undertake humanitarian aid across the world directly to small airfields. The first flight of C-17 was September 15, 1991 and is now no longer manufactured. The IAF has been using these aircraft for military and evacuation of Indian citizens, transporting Liquid Medical Oxygen (LMO) cylinders and other medical supplies. And during the standoff between the armies of India and China in Eastern Ladakh, since April 2020, the heavy tanks, army personnel as well as armoured carriers were airlifted there on board C-17s.