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  • After Modi’s US visit, duty removed on US apples, to compete with Indian apples

    US President Joe Biden hosts dinner for PM Modi; Ambanis, Tim Cook, Sundar Pichai attend







    With the choice of decision of six excellent World Trade Organisation (WTO) disputes between US and India, following Prime Minister Narendra Modi’s go to to the US, New Delhi will take away further duties on eight US merchandise, together with apples, opening market entry to the US.

    However, the choice won’t lead to any unfavourable affect on home apple producers and can lead to competitors in premium market phase making certain higher high quality at higher costs for shoppers, assured Commerce Ministry sources.

    After elimination of this duty, the apples from the US would compete on degree taking part in discipline with different nations. The choice will be sure that solely premium high quality apples could possibly be imported for which there exists a particular market phase and particular demand, they added.

    PM Modi with US President Biden

    PM Modi with US President BidenIANS

    An further 20 per cent duty was imposed on US apples in 2019 in response to US’ measure to enhance tariffs on sure metal and aluminum merchandise.

    Official sources nonetheless have been fast to make clear that there isn’t any discount on most favoured nation (MFN) duty on apples, which remains to be relevant on all imported apples together with on US at 50 per cent.

    The import of apples from the world has been secure within the vary of $239–305 million (besides in 2021-22 when it was $385 million) within the final 5 monetary years since utility of those further duties on US apples.

    Apples

    ApplesPixabay

    The import of apples from the US has decreased from $145 million (127,908 tonnes in 2018-19) to solely $5.27 million (4,486 tonnes) in 2022-23.

    The market share of the US apples was taken by different nations due to imposition of further retaliatory duty on the commodity.

    (With inputs from IANS)

  • Indian stock markets reach close to 52 week high levels

    iPadOS 17 and every part new in it: redesigned Lock Screen, interactive widgets & extra







    With falling inflation, and wholesome financial numbers, the 2 Indian stock markets opened and closed at a better observe on Friday and are close to their 52 week high levels.

    The Nifty of the NSE opened at 18,723.30 and touched a high of 18,864.70 to close at 18,826 factors. The 52-week high level was 18,887.60.

    Similarly, the Sensex of BSE opened at 62,960.73, touched a high of 62,520.36 and closed at 62,917.63 factors. The highest stage was 63,583.07 factors.

    “The Nifty index has efficiently damaged above the essential resistance stage of 18,800, indicating a bullish signal,” stated Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

    People walk past the Bombay Stock Exchange (BSE) building in Mumbai,

    (*52*) stroll previous the Bombay Stock Exchange (BSE) constructing in Mumbai,IANS

    Shah stated the writers of name choices at 18,800 strike have been noticed masking their positions, suggesting a constructive sentiment because the Nifty sustains its place above 18,800.

    The shifting averages are under the present index worth, which additional helps the bullish outlook. Furthermore, the momentum indicator has given a falling pattern line breakout, indicating a possible enhance in upward momentum, Shah stated.

    “As lengthy because the Nifty stays above the help stage of 17,700, the general pattern is predicted to stay constructive. However, a resistance stage is anticipated at 19,000, which can current a problem for additional upward motion,” he stated.

    According to Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, Indian equities are set to make an all-time high on the again of a powerful rally in world markets supported by wholesome home cues.

    Nifty continued its northbound journey to finish at an all-time high on closing foundation, with positive aspects of 138 factors (0.7 per cent) at 18,826 levels. The broader market too led to inexperienced.

    “Majority of the sectors led to constructive territory with Banking and Financial being high gainers up 1 per cent every,” Khemka stated.

    sensex

    “Falling inflation and wholesome financial knowledge together with constant FIIs shopping for cheered the home sentiments. Nifty got here inside hanging distance of an all-time high. We anticipate the general construction to stay constructive with main occasions now behind,” he added.

    According to him, all eyes could be on Prime Minister Narendra Modi’s go to to the US subsequent week, as it will herald cross-border agreements with a key deal with defence. Sectors like pharma, healthcare, and insurance coverage corporations would stay in focus after restoration was seen in month-to-month business knowledge.

    (With inputs from IANS)

  • Jack Dorsey saga: How Elon Musk learnt fast to respect strict Indian laws [details]

    Several celebrities refuse to pay Musk $8 for Twitter Blue badge







    As former Twitter CEO Jack Dorsey created a storm by claiming that the Indian authorities threatened to shut down the platform and carried out raids on its staff — which the Centre has vehemently rejected, Elon Musk has relatively understood the regulation of the land significantly better.

    In April, Musk mentioned that he would adjust to the regulation of the land in India relatively than ship his individuals to jail because the nation has “strict social media laws”.

    In a Twitter Spaces interview with the BBC, he was requested in regards to the micro-blogging platform taking down hyperlinks associated to the BBC’s controversial documentary on Prime Minister Narendra Modi.

    Elon Musk

    Elon MuskIANS

    “India has very strict social media laws. If it is a selection between complying with the laws or going to jail, I’d relatively adjust to laws than have any of my individuals go to jail,” he was quoted as saying.

    “We can’t transcend the regulation of the nation,” the Twitter CEO confused.

    The first a part of the two-part BBC documentary sequence, “India: The Modi Question” raised a storm not simply in India but additionally among the many diaspora internationally.

    Looking on the delicate nature of the documentary, the Indian authorities banned it from being proven on social media, together with Twitter, and elsewhere within the nation.

    Earlier within the day, the Centre lashed out at Dorsey for his claims, saying it’s an try to “brush out that very doubtful interval of Twitter’s historical past”.

    Elon Musk

    Elon MuskIANS

    Reacting to Dorsey who alleged in an interview with YouTube channel Breaking Points that the threats got here as Twitter refused to adjust to the federal government’s calls for to block accounts throughout the farmers’ protests in early 2021, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, mentioned that nobody went to jail nor was Twitter shut down within the nation.

    “This is an outright lie by @jack — maybe an try to brush out that very doubtful interval of Twitter’s historical past. Twitter below Dorsey and his staff have been in repeated and steady violations of the India regulation,” Chandrasekhar mentioned in a tweet.

    The Minister mentioned that as a matter of truth, Twitter was in non-compliance with regulation repeatedly from 2020 to 2022 “and it was solely June 2022 after they lastly complied”.

    “To set the report straight, nobody was raided or despatched to jail. Our focus was solely on making certain the compliance of Indian laws. Dorsey’s Twitter regime had an issue accepting the sovereignty of Indian regulation. It behaved as if the laws of India didn’t apply to it,” Chandrasekhar famous.

    “All social media intermediaries working in India have to adjust to laws to make sure that the web is secure, trusted and accountable,” mentioned the Minister.

    (With inputs from IANS)

  • Asmi Jain’s work exemplifies Indian iOS developers’ creativity: Tim Cook

    Apple M2 Ultra helps 192GB reminiscence capability; takes on chip giants like by no means earlier than







    Apple CEO Tim Cook, who met Indore’s Asmi Jain who was chosen among the many winners of WWDC23 Swift Student Challenge, has mentioned that the thriving iOS developer neighborhood in India at all times fascinates him and 20-year-old Jain’s work solely exemplifies the creativity.

    As an Apple Swift Student Challenge scholar winner, Jain had a digital assembly with Cook.

    “I had an incredible time assembly so many individuals from India’s progressive iOS developer neighborhood earlier this 12 months, and Jain’s unbelievable work exemplifies the creativity and ingenuity on show all throughout this nation,” mentioned the Apple CEO.

    “She’s already poised to make a profound impression on the world by serving to individuals with their well being, and we’re excited to see what she does subsequent,” Cook added.

    Asmi Jain's work exemplifies Indian iOS developers' creativity: Tim Cook

    Asmi Jain’s work exemplifies Indian iOS builders’ creativity: Tim CookApple

    While at Medi-Caps University, Jain came upon her good friend’s uncle needed to bear mind surgical procedure. As a consequence, he was left with eye misalignment and facial paralysis.

    She sprung into motion, designing her successful playground to trace a consumer’s eye actions as they attempt to observe a ball transferring across the display.

    The playground’s function is to assist strengthen the attention muscular tissues, and although it was impressed by her good friend’s uncle, Jain hopes it may be utilized by individuals with a wide range of eye situations and accidents.

    Speaking about utilizing coding to unravel issues, Jain mentioned that “coding lets me create issues that assist my pals and my neighborhood”.

    “It offers me a way of independence that may be very empowering,” she added.

    Apple Swift Student Challenge

    Every 12 months, as a part of its Worldwide Developers Conference, Apple points a problem to college students throughout the globe: create an unique app playground utilizing the Swift coding language.

    Apple.

    Apple.IANS

    This 12 months, Apple elevated the variety of winners from the 350 awarded in earlier years to 375 so much more college students may very well be included within the occasion and recognised for his or her artistry and ingenuity.

    “At Apple, our mission is to assist individuals all over the place pursue their passions and produce their greatest concepts to life,” mentioned Cook.

    More than 15,000 builders have been hosted on the iOS App Design and Development Accelerator in Bengaluru.

    The iOS App Economy is an engine of progress and alternative for builders, supporting a million jobs throughout the nation in gaming, app design, software program growth and extra.

  • Concept Public Relations’ BFSI team strikes gold at The Great Indian BFSI Awards, 2023

    ConceptPR-logo (1)

    Concept Public Relations’ BFSI team strikes gold at The Great Indian BFSI Awards, 2023 inclusive of profitable the ‘The Great Indian BFSI PR Agency of the Year’ for the second consecutive 12 months

    India, June 08: Concept Public Relations India Ltd’s BFSI team received two coveted recognitions at The Great Indian BFSI Awards, 2023. The awards, organised by the BFSI Digital Stallions Forum, honour campaigns, professionals, entities, and so forth., from the BFSI world for exemplary achievements.

    Concept PR was recognised as ‘The Great Indian BFSI PR company of the 12 months’ for the second consecutive 12 months. Also, it bagged the award for ‘The Great Indian BFSI regional/vernacular marketing campaign’ for the ‘Oonjal’ marketing campaign that it executed for South Indian Bank. The ‘Oonjal’ marketing campaign, organised by the financial institution in October 2022 in Kochi, amplified the ‘Onnichirikkam Oonjaladam’ occasion celebrated with 101 Oonjals at a single venue, symbolising unity and prosperity through the pageant season.

    Cheering over the twin win, Ashish Jalan, Managing Director, Concept PR mentioned, “At Concept PR, we continuously attempt to ship revolutionary and efficient options to our esteemed shoppers. Winning not one however two awards, together with the ‘The Great Indian BFSI PR company of the 12 months’ for the second consecutive 12 months, is a exceptional validation of our efforts. It’s an absolute thrill to be acknowledged for our laborious work and dedication. We are deeply grateful to South Indian Bank and to our clientele for entrusting us with their model’s digital success and supporting us in pushing boundaries to realize excellence in our work.”

    Elated at the achievements, Tina Pawar, Executive Vice President and head of the BFSI vertical at Concept PR, mentioned, “The recognitions testify to the strides taken by our BFSI team within the latest previous. Concept PR has at all times been identified for driving model and company communication programmes for main multi-national organisations throughout a number of sectors. Over the final decade Concept PR has grown persistently throughout the BFSI vertical with constant development in each revenues and variety of shoppers. A cohesive effort from a functionally succesful frontline unit with a strategically astute administration team has yielded fabulous outcomes, which have been duly recognised by the awards. I’m assured that quickly, we will likely be setting the benchmarks for PR within the BFSI area.”

    The Great Indian BFSI Awards, now in its third version, recognise and have fun the laborious work carried out by entrepreneurs and digital entrepreneurs, their groups and their company companions within the BFSI house.

    Visit  extra information concerning the awards.

    The BFSI Digital Stallions Forum, the limbs and brains behind the awards is a 10-year-old organisation that unites entrepreneurs from throughout the BFSI house. The discussion board right now boasts of over 220 members throughout greater than 115 manufacturers. Visit  extra information on the discussion board.


    Neel Achary

  • Musk ‘loves’ his AI avatar in sherwani, Twitterati welcomes ‘Indian groom’

    Musk ‘loves’ his AI avatar in sherwani, Twitterati welcomes ‘Indian groom’







    Tesla CEO Elon Musk on Saturday hailed a man-made intelligence (AI)-generated picture of him dancing in an Indian apparel, the place his digital avatar is seen carrying a sherwani surrounded by folks in conventional attire.

    The Twitter deal with DogeDesigner tweeted the picture of Musk carrying the standard Indian gown, typically meant to be wornAon marriage ceremony events.

    “A midjourney artwork of Elon Musk in an Indian apparel goes viral in India,” he posted.

    Musk replied: “I find it irresistible.”

    Musk’s AI-generated picture in a sherwani left a number of Indian Twitter customers in awe.

    Elon Musk 'loves' his AI avatar in Indian sherwani.

    Elon Musk ‘loves’ his AI avatar in Indian sherwani.IANS

    “@elonmusk dancing on kala chasma! Let’s sink it!” posted one Musk follower.

    “Magical nation with some superb traditions,” one other posted.

    A follower commented: “You look nice in Indian apparel, I believe it is for an Indian groom.”

    “Nice. It appears Sherwani brings out a giant smile on you. India loves you again,” posted one other.

    Last month, the outgoing Twitter CEO stated that he likes Indian meals like butter rooster with naan, which in response to one in every of his subscribers, is “insanely good”.

    Several Indian Twitter customers pitched him to strive native cuisines, like Hyderabadi biryani, dosa and even home-cooked meals.

    Musk’s rising love for issues which might be all Indian comes as Tesla is on the lookout for a brand new gigafactory location and in response to the billionaire, India may be very a lot a part of his scheme of issues if all goes effectively.

    Elon Musk

    Elon MuskIANS

    In an interview with Wall Street Journal final month, when requested if India is an fascinating alternative for a brand new Tesla location, Musk responded: “Absolutely.”

    Reports additionally surfaced {that a} staff of senior Tesla executives was reportedly planning to go to India to discover getting into the area of interest EV market and increase its footprint past China.

    (With inputs from IANS)

  • Home-grown D2C fast fashion brand ‘The Indian Garage Co’ is all set to register 100% growth; confident of clocking 600 crores in FY 2023–24

    Anant Tanted - Founder & CEO of TIGC.jpeg

    Bengaluru, twenty ninth May 2023

    The Indian Garage Co, India’s homegrown fast-fashion D2C brand, is all set to create a historic enterprise milestone with a Rs. 600 crore GMV by the top of FY 2023–24 clocking a 100% development from final monetary 12 months. The firm has been regularly rising at 300% YoY since 2020, far forward of the business development fee of 12% to 13% CAGR.

    The Indian Garage Co. is one of the few D2C corporations that is fully bootstrapped, asset mild and EBITDA optimistic. The firm has registered an exponential 3x development in FY 23 enabling the brand to obtain a 300 crore GMV.

    Known for being fashion-forward and experimental by nature, The Indian Garage Co caters to the fashion wants of all age teams. TIGC, the lads’s put on brand, is the prime class supplied by the corporate. It has lately forayed right into a girls’s put on line referred to as ‘FreeHand’ and plus-sized fashion line ‘HardSoda’ beneath the home of manufacturers format.

    TIGC has a particular product portfolio that features over 2,500 kinds throughout males’s casualwear and sportswear, together with fashionable shirts and chinos, that are the preferred amongst youth and Gen Z. TIGC at present sells 5–6 lakh items a month, which has enabled it to turn out to be one of the top-selling exterior fashion manufacturers on Myntra and Ajio. TIGC is obtainable offline too on the multi-branded outlet Fashion Factory.

    Having an entire management over the design & supply has enabled TIGC to promise distinctive fashion bets with shorter lead time making it a well-liked selection of brand on-line. This has been attainable due to the genius plan of constructing multi product factories that not simply strengthens devoted captive capacities but in addition helps micro-entrepreneurship permitting for effectivity that is on par with that of the fashionable factories.

    TIGC lately began retailing its merchandise solely on TIGC.in. Star cricketer Surya Kumar Yadav has been introduced because the brand ambassador to spotlight this transfer. The firm plans to construct a robust offline retail footprint too via the phygital distribution route & EBOs in the close to future.

    The brand’s younger crew is on the forefront of driving inventive and stylish designs, whereas additionally incorporating their experience in know-how. With their unwavering deal with delivering tech-led fashion, the brand is growing an in-house know-how product, Chanakya, which additional guarantees to improve the buyer’s expertise.

    Positive in regards to the brand’s development, Founder and CEO, Anant Tanted, mentioned, “We have come a great distance; it is our second of glory to see our brand being rewarded with a lot wanted development on the proper time! The subsequent couple of years are very essential for us, and we’re dedicated to the concept of constructing ‘A Cult Indian Value Fashion Brand with a Global Appeal!”

    With the right combination of worth fashion choices, wonderful brand recall, and a dynamic advertising technique, The Indian Garage Co. is all set to seize a substantial portion of the Indian fashion market.


    Neel Achary

  • Indian Overseas Bank conducted a Self Help Group Loan MelaA

    Salem, 27.05.23: Indian Overseas Bank, Regional Office, Salem conducted a Self Help Group Loan Mela” Organized for the accomplishment of “Women’s Financial Independence” on 25.05.2023 at Dhirajlal Gandhi College of Technology, Salem.

    The Chief Guest was Shri. S R Parthiban, Hon. Member of Parliament, Salem, and the Distinguished Guest was Smt. Archana Manojkumar, Secretary, Dhirajlal Gandhi College of Technology, Salem.

    Hon. Member of Parliament, Shri. S R Parthiban gave his presidential handle stating the significance of Education and Women’s Financial Independence. He additionally added that Banks ought to be liberal in sanctioning Educational Loans & Self Help Group loans for the reason that identical will profit society. He additionally requested the gathering that Banks will come ahead to assist them sooner or later with none hesitancy if loans are repaid promptly. He praised Indian Overseas Bank for giving significance to Women’s Empowerment via Financial Support and in addition praised IOB for instantly sanctioning Educational Loan to a tribal Girl pupil for her research to pursue MBBS and praised IOB initiatives in serving to the downtrodden poor ladies.

    Smt. Archana Manojkumar, Secretary, Dhirajlal Gandhi College of Technology, Salem addressed the gathering about Women Empowerment and their contribution in the direction of the identical via the “Adithi Women Empowerment Cell”

    Hon. Member of Parliament, Shri. S R Parthiban issued the Sanction letters amounting to Rs.7.25 Crores to three Panchayat Level Federations and 87 Self Help Groups thereby benefitting greater than 1500 Women beneficiaries engaged in varied micro-level actions.


    Sujata

  • The education sector must take a skill-based approach says Dr. Vinay Sahasrabuddhe, President of, the Indian Council for Cultural Relations

    The education sector must take a skill-based approach says Dr. Vinay Sahasrabuddhe, President of, the Indian Council for Cultural Relations New Delhi, twenty seventh May 2023: At the ASSOCHAM sixteenth International Education Summit & Skill Development Summit 2023, Dr. Vinay Sahasrabuddhe, President of the Indian Council for Cultural Relations (ICCR), spoke as a visitor of honor, and mentioned that since education and talent growth go hand in hand, non-public universities should be quality-oriented when it comes to finding out values. It will lead to people with the acceptable values and talents for future youth. The National Education Policy (NEP) 2020, which demanded in depth sectoral change and a structural makeover, turned a watershed second for the Indian instructional system. The coverage advocated together with life abilities in the curriculum as a result of it was of the opinion that education wanted to transcend educational outcomes to focus on the general growth of our future generations.

    In her particular handle, Prof. (Dr.) Pankaj Mittal, Secretary General of the Association of Indian Universities, harassed the necessity for curricular modifications and transformative education. These modifications must take under consideration college students’ targets in Indian society. The growth of life abilities is a device for empowering youngsters and securing their future in the globalized world we dwell in at the moment. It provides them the acceptable developmental instruments, generates artistic options to issues, provides them a channel for communication and relationship growth, and teaches them accountability. It additionally helps them develop their communication and cooperation talents with others.

    Prof. Ashutosh Sharma, President of the Indian National Science Academy centered on the relationship between trade and education and the way education is basically decided by industrial wants. The education mannequin ought to align with what society wants for the progress requirement. He added that we should always work on constructing an inclusive, qualitative, and collaborative education ecosystem.

    Aspiring India’s G20 education aspirations, speaking about the pupil’s future Mr. Kunwar Shekhar Vijendra, Chairman, of ASSOCHAM National Council on Education & Co-Founder & Chancellor, of Shobhit University mentioned as know-how is altering it’s important that education and talent growth aligns with the future requirement of jobs. Ethics are values that play an essential position in life abilities for a nation like India. Reskilling, Upskilling, and multi-skilling are essential components to vary the education system.

    Dr. Madhu Chitkara, Co-Chair, ASSOCHAM National Council on Education & Pro-Chancellor, Chitkara University NEP implementation is a welcoming step to embed life abilities in college students’ lives.

    Mr. Sahil Chalana, Founder & CEO, CollegeDunia mentioned universities play a main position in constructing a skilled profession and thus rising the capability of skilling and superior know-how upgradation is required to satisfy market requirements.

    Mr. Ravin Nair, COO, of QS I-Gauge, talked about tech-enabled studying that has the potential to revolutionize the education panorama by making it extra accessible. He mentioned it’s time to evolve to develop important considering, creativity, and innovation evolve to develop important considering, creativity, and innovation, he mentioned.

    Young folks drive sustainable progress and are predisposed to play a main position in defining the way forward for the nation, in keeping with Dr. Mahendra Sharma, Co-Chair of the ASSOCHAM National Council on Education and Pro-Chancellor and Director General of Ganpat University. This emphasizes the significance of investing in creating the requisite Twenty first-century abilities and competencies.

    In her vote of thanks Prof. Rajita Kulkarni, Co-Chair, of ASSOCHAM National Council on Education & President, of Sri Sri University, mentioned how values- and ethics-based education, in addition to life abilities, can enhance societal cloth.