Xiaomi to Open Car Plant in Beijing With – Latest news headlines


Chinese smartphone giant Xiaomi will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday.

The plant will be constructed in two phases and Xiaomi will also built its auto unit’s headquarters, sales, and research offices in the Beijing Economic and Technological Development Zone, the government-backed economic development agency Beijing E-Town said on its official WeChat account.

Beijing E-Town said it anticipated the plant reaching mass production in 2024, a goal announced by Xiaomi’s Chief Executive Lei Jun in October.

In March, Xiaomi said it would commit to investing $10 billion (roughly Rs. 75,000 crores) in a new electric car division over 10 years. The company completed the business registration of its EV unit in late August.

The company has been opening thousands of stores to spur domestic sales growth for its smartphone business but eventually intends to use these shops as a channel for its plans to sell electric vehicles.

© Thomson Reuters 2021


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Latest News Today – Bids Open For Construction Of Sabarmati Rolling Stock


Sabarmati Depot: The last date for the submission of bids for is December 2, 2021.

The National High-Speed Rail Corporation Limited (NHSRCL) – delegated for implementing the country’s first 508 km long bullet train corridor between Ahmedabad and Mumbai, opened bids for the construction of Sabarmati depot for the upcoming high-speed railway line. (Also Read: Bullet Train Project: Financial Bids Open For Construction Of Bridges On High-Speed Rail )

On Thursday, July 29, the organisation invited bids for the construction, design, installation, as well as testing and commissioning of the Sabarmati rolling stock depot. It also consists of a workshop, inspection sheds, buildings, maintenance facilities, and associated works, according to a statement shared by NHSRCL.

The last date for the submission of bids is December 2, 2021. The upcoming Sabarmati maintenance depot will be the largest depot among three depots planned for the Mumbai-Ahmedabad high-speed railway corridor. The two other depots will be situated at Surat (Gujarat) and Thane (Maharashtra).

Recently, the implementing agency opened financial bids for the construction of 11 special bridges — including seven steel truss bridges and four prestressed concrete or PSC bridges between the Zaroli Village at the Maharashtra-Gujarat Border and Vadodara, in Gujarat and Dadra and Nagar Haveli. 

(Also Read: Bullet Train Project: ₹ 1,390 Crore Contract Signed With L&T For Procuring Steel Bridges )

The country’s first bullet train will operate at a speed of 320 km per hour, once completely ready for passenger services. Along the route, the high-speed railway line will pass through 12 stations, covering certain regions in Maharashtra, Gujarat, and the Union Territory of Dadra and Nagar Haveli. The bullet train will cover the entire distance between the two states in two-three hours with halts at all stations. 



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Latest News Today – Zomato initial public offering (IPO) To Open Tomorrow,


omato has a presence in 24 countries across the world and employs more than 5,000 people

Zomato’s Rs 9,375 crore initial public offering (IPO) will open for subscription tomorrow i.e. July 14 and will remain open for three days until July 16. The Zomato IPO will consist of a fresh issue of Rs 9,000 crore and an offer for sale of Rs 375 crore by the promoter, Info Edge India. The shares will be offered in the price band of Rs 72-76 per share and are likely to be listed on the bourses on July 27.

Investors can bid for a minimum one lot of 195 shares and in multiples thereof, extending up to a maximum of 13 lots. At the upper end of price band, one lot of Zomato shares will garner Rs 14,820.

Zomato will utilise the IPO proceeds to fund its organic and inorganic growth initiatives and for general corporate purposes.

Incorporated in 2008 and backed by China’s Ant Group, Zomato is among the most prominent startups in the country today. Zomato has a presence in 24 countries across the world and employs more than 5,000 people.

The Zomato IPO will be the second largest IPO in the last four years after the Rs 10,355 crore IPO from SBI Cards and Payment Services last year. It will also be the first Indian mega startup to go public.

Bank of America Merrill Lynch, Citigroup Global Markets India, Credit Suisse Securities (India), Kotak Mahindra Capital Company and Morgan Stanley India are the lead managers for Zomato IPO, whereas Link Intime is the registrar of the issue.



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Latest News Today – Mi 11 Ultra to Go on Open Sale in India on July 15


Mi 11 Ultra will go on open sale in India on July 15 at 12pm (noon) via Xiaomi’s website and Amazon. The flagship smartphone from Xiaomi was launched in April and has been on sale a couple of times since then. A dedicated microsite on Amazon mentions that the Mi 11 Ultra will be available on the mentioned date and time on the e-commerce website and on Xiaomi’s website. The flagship smartphone earlier went on a special sale on July 7 for which people had to first buy an “ultra gift card” worth Rs. 1,999.

Mi 11 Ultra sale, price in India

The Mi 11 Ultra (Review) will be made available to purchase via Xiaomi’s website and Amazon. The flagship Xiaomi smartphone is priced at Rs. 69,999 for its sole 12GB RAM + 256GB storage variant. The smartphone is offered in Ceramic Black and Ceramic White colour options.

Xiaomi’s website along with the Amazon listing for the Mi 11 Ultra mentions that SBI Bank credit card users will be able to avail an instant discount of Rs. 5,000. Xiaomi’s website also mentions that it will ship Mi 11 Ultra merchandise from July 15, but that will be limited to the Superfan Limited Quantity sale customers.

Mi 11 Ultra specifications

Launched in April, the Mi 11 Ultra runs MIUI 12, based on Android 11. It sports a 6.81-inch WQHD+ (1,440×3,200 pixels) E4 AMOLED display with a 20:9 aspect ratio and a 120Hz refresh rate. It also sports a 1.1-inch (126×294 pixels) secondary display at the back. Next to the secondary display is the triple rear camera setup with a 50-megapixel primary sensor, a 48-megapixel ultra-wide-angle lens, and a 48-megapixel telephoto lens. For selfies, there is a 20-megapixel primary sensor placed in a hole-punch cutout.

Under the hood, the 5G phone is powered by a Snapdragon 888 SoC paired with 12GB of RAM and 256GB of onboard storage. Connectivity options include 5G, dual-band Wi-Fi 6, Bluetooth v5.2, GPS, AGPS, NavIC support, NFC, and a USB Type-C port. Xiaomi has packed a 5,000mAh in the Mi 11 Ultra with support for 67W wired fast charging and wireless charging, and 10W reverse wireless charging.


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Latest News Today – GR Infraprojects initial public offering (IPO) To Open


GR Infraprojects is into civil construction, manufacturing and development of roads and highways

GR Infraprojects’ initial public offering (IPO) will open for subscription tomorrow i.e. July 7, 2021. The public issue of the Udaipur-based integrated road engineering, procurement and construction company will entirely be an offer-for-sale (OFS) of up to 1.15 crore shares by the promoter and shareholders, and no fresh shares will be issued by the company. The primary market offering will close on July 9, 2021, and the shares are likely to be listed on the bourses on July 19.

The OFS will include sale of 11,42,400 shares by Lokesh Builders, 1,27,000 shares by Jasamrit Premises and 80,000 shares by Jasamrit Fashions. As many as 2.25 lakh shares will be reserved for eligible employees, the company had said in its red herring prospectus. GR Infraprojects will not receive any proceeds from the share offering as it is an offer for sale.

HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company, Motilal Oswal Investment Advisors, SBI Capital Markets and Equirus Capital are the book running lead managers, while KFin Technologies is the registrar to the issue.

GR Infraprojects is into civil construction, manufacturing and development of roads and highways on a build-operate-transfer (BOT) basis.

Meanwhile, Clean Science and Technology IPO will also open for subscription on the same day i.e. July 7 and this is also an offer for sale by the existing investors.



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Latest News Today – OnePlus Nord CE 5G Open Sale Starts at 12pm (Noon) via


OnePlus Nord CE 5G will go on open sale in India today, June 16, from 12pm (noon). The phone was launched last week as a new budget friendly offering with 5G connectivity. OnePlus Nord CE 5G is offered in three configurations and three colour options. It is powered by an octa-core Qualcomm Snapdragon SoC and comes with a triple rear camera setup. At the front, the phone carries a hole-punch cutout design for the selfie camera.

OnePlus Nord CE 5G price in India, sale offers

OnePlus Nord CE 5G is priced at Rs. 22,999 for the 6GB + 128GB variant, Rs. 24,999 for the 8GB + 128GB variant, and Rs. 27,999 for the 12GB + 256GB model. It is offered in Blue Void, Charcoal Ink, and Silver Ray colours. It will be available for purchase starting 12pm (noon) via OnePlus India website and Amazon, both of which have offers on the phone.

OnePlus India website and Amazon are offering Rs. 1,000 off with HDFC Bank credit cards and EMI transactions. Customers who shop in the first 24 hours of the open sale using the OnePlus Store App stand a chance t to win the OnePlus Watch and other products. OnePlus website is also offering up to 5 percent cashback on select American Express cards as well as up to six months no-cost EMI option with on HDFC bank. Amazon shoppers can get Jio benefits worth Rs. 6,000 and additional Rs. 500 cashback when using Amazon Pay on June 16 and June 17.

OnePlus Nord CE 5G specifications

The dual-SIM (Nano) OnePlus Nord CE 5G runs on Android 11 with OxygenOS 11. It features a 6.43-inch full-HD+ (1,080×2,400 pixels) AMOLED display with 20:9 aspect ratio and 90Hz refresh rate. The smartphone is powered by an octa-core Qualcomm Snapdragon 750G SoC, paired with the Adreno 619 GPU and up to 12GB of RAM. It comes with up to 256GB of storage.

For photos and videos, the OnePlus Nord CE 5G has a triple rear camera setup that houses a 64-megapixel primary sensor with an f/1.79 lens and electronic image stabilisation (EIS), 8-megapixel secondary sensor with an f/2.25 ultra-wide lens, and a 2-megapixel monochrome sensor with an f/2.4 lens. For selfies and video chats, OnePlus Nord CE has a 16-megapixel Sony IMX471 selfie camera with an f/2.45 lens and EIS support.

Connectivity options include 5G, 4G LTE, Wi-Fi 802.11ac, Bluetooth v5.1, GPS/ A-GPS/ NaVIC, NFC, USB Type-C, and a 3.5mm headphone jack. Sensors on board the OnePlus Nord CE 5G include an accelerometer, ambient light sensor, gyroscope, magnetometer, and a proximity sensor. The phone also comes with an in-display fingerprint sensor and includes a super linear speaker with noise cancellation support. The smartphone packs a 4,500mAh battery with support for Warp Charge 30T Plus technology. OnePlus Nord CE 5G measures 159.2×73.5×7.9mm and weighs 170 grams.


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Latest News Today – French Open: Young Fan In Disbelief As Novak Djokovic


Novak Djokovic gifted one of his racquets to a young fan who had been cheering him on in the final.© Darren Rovell/Twitter




Novak Djokovic, who added a 19th Grand Slam title to his kitty on Sunday after winning the French Open, gave one of the racquets that he used in the match to a boy at courtside, making the young fan’s day. The boy’s reaction to the gift said it all as Djokovic walked up to the fan and handed him the racquet. Later, during the post-match press conference Djokovic spoke about how the young boy had been cheering him on throughout the final against Stefanos Tsitsipas. “He was in my ear the entire match basically, especially when I was two sets to love down. He was encouraging me. He was actually giving me tactics, as well,” said Djokovic.

“He was like, ‘Hold your serve, get an easy first ball, then dictate, go to his backhand.’ He was coaching me literally. 

“I found that very cute, very nice. So I felt like to give the racquet to the best person was him after the match. That was kind of my gratitude for him sticking with me and supporting me.”

Djokovic defeated Stefanos Tsitsipas in a thrilling five-set encounter at Court Philippe-Chatrier. Djokovic won the match after being two sets down, clinching the match 6-7 (6/8), 2-6, 6-3, 6-2, 6-4.

After this win, Djokovic is nwo only one Grand Slam title away from joint-record holders Rafael Nadal and Roger Federer, both of whom have 20 titles.

Promoted

The win, earned in four hours and 11 minutes, also meant that Djokovic became the first man in 52 years to win all four majors twice.

(With AFP inputs)

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Latest News Today – French Open: Novak Djokovic Makes History With 19th





Novak Djokovic claimed a 19th Grand Slam title and became the first man in 52 years to win all four majors twice when he came from two sets down to beat Stefanos Tsitsipas in a gripping French Open final on Sunday. The world number one triumphed 6-7 (6/8), 2-6, 6-3, 6-2, 6-4 over the Greek 22-year-old who was playing in his first Slam final. Djokovic is now just one major away from equalling the all-time record of 20, jointly held by Roger Federer and Rafael Nadal.

It was a second French Open crown for Djokovic after his 2016 victory and adds to his nine Australian Opens, five Wimbledon titles and three at the US Open.

The 34-year-old is the first man since Rod Laver in 1969 to win all four Slams on multiple occasions and just the third in history.

He is also the first man ever to win a Slam title by twice coming back from two sets down in same the tournament.

Djokovic now has 84 career titles in total while Sunday’s win pushed him to the brink of $150 million in prize money.

“It was an electric atmosphere,” said Djokovic after the four-hour 11-minute final.

“It’s a dream. It’s difficult to win the title against a great player. It was a difficult three days physically and mentally,” he added.

Djokovic had also spent more than four hours on court on Friday to knock out defending champion Rafael Nadal.

Tsitsipas survived a nervy opening service game, having to save two break points.

Djokovic, by contrast, didn’t concede a point in his first three service games.

But suddenly he faced a set point in the 10th game courtesy of an ugly shank but saved it after a 26-shot rally.

Fired up by a time violation, Djokovic broke for the first time for a 6-5 lead but was unable to serve out the opener as a series of razor-sharp returns put Tsitsipas back on level terms.

In a dramatic tiebreaker, Tsitsipas saw a 4/0 and 5/2 lead disappear.

He had to save a set point before claiming the opener after 70 minutes when Djokovic fired a forehand wide.

Dropping the opening set at this year’s Roland Garros was familiar territory for Djokovic.

He had to recover from two sets down to beat Lorenzo Musetti in the last 16 and lost the opener against Nadal on Friday.

Tsitsipas, 12 years the world number one’s junior, broke again in the first game of the second set as the 2016 champion looked increasingly weary in the 30-degree afternoon heat.

The Greek edged ahead 5-2 and pocketed the second set with his eighth ace of the contest.

But the top seed wasn’t finished, breaking in the fourth game of the third set to cut the deficit.

Tsitsipas then called the trainer to treat a back problem which also gave him the opportunity to change the clay-covered shirt he’d worn since a first set tumble.

Thirty minutes later, it was two sets apiece after Djokovic secured a double break.

Promoted

As the shadows swept across Court Philippe Chatrier, Tsitsipas’ mood also darkened as he slipped 3-1 down in the decider.

As the clock ticked past four hours, he fought off two more break points in the seventh game but Djokovic was not to be denied his latest slice of history taking the glory on his second championship point.

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Latest News Today – French Open 2021 Men’s Singles Final Live Updates: Novak


French Open Final Live: Stefanos Tsitsipas won the second set 6-2.© Twitter/Roland Garros




Stefanos Tsitsipas took a huge 2-0 lead after winning the second set 6-2 in the final against Novak Djokovic. Earlier on, the Greek came out on top in the opening set 7-6 after winning the first set tiebreak 8-6 through some sublime shots under pressure.

French Open 2021 men’s singles final Novak Djokovic vs Stefanos Tsitsipas live updates from Court Philippe-Chatrier in France

  • 20:54 (IST)

    Novak Breaks!

    Novak persistence says as he breaks Tsitsipas after five break points.

    Takes 3-1 lead in the third set.

  • 20:50 (IST)

    4 Break Points Saved!

    Tsitsipas is not letting go off things so easily.

    4 break points saved.

  • 20:47 (IST)

    Break Points Saved!

    Tsitsipas saves 2 break points.

    Novak putting the Greek’s serve under pressure. (2-1, 40-40 Third set)

  • 20:41 (IST)

    Novak Hangs On!

    Novak hangs on in the third game of the third set.

    Tsitsipas continuing the good show after winning the first two sets.

  • 20:34 (IST)

    Third Set Begins!

    Third set underway.

    Novak starts strong in the opening game.

  • 20:29 (IST)

    A Tsitsipas Show!

    Tsitsipas is two sets up now. What a show from the Greek!

  • 20:27 (IST)

    Tsitsipas Wins 2nd Set!

    Tsitsipas takes the second set 6-2 and looks on course for a huge third set to claim the title.

    Sit tight!

  • 20:25 (IST)

    Tsitsipas To Serve For The 2nd Set!

    Tsitsipas breaks Novak again.

    Takes a 5-2 lead and will serve for the second set now.

  • 20:18 (IST)

    Tsitsipas Takes Lead!

    Tsitsipas takes a 4-2 lead in the second set. 

    Novak serve under pressure.

  • 20:08 (IST)

    10/10 For Effort!

    Giving it their all, both players. That’s what it takes to win a Slam.

  • 20:04 (IST)

    Determined!

    Tsitsipas is already 2-0 up in the second set.

  • 20:00 (IST)

    2nd Set Starts, Tsitsipas Breaks!

    Tsitsipas starts the second set exactly where he left off at the end of the first.

    Breaks Novak’s serve in the opening game of the second set.

  • 19:54 (IST)

    Tsitsipas Wins 1st Set!

    Tsitsipas’ incredible performance under pressure helped him win the tiebreak and claim the first set 7-6 (8-6)

  • 19:50 (IST)

    Where Is This Set Going?

    6-6 in the Tiebreak. Phenomenal stuff by both the players.

  • 19:44 (IST)

    Intense Tiebreak!

    Tsitsipas took a 4 point lead in the tiebreak but Novak closed the gap with two back-to-back points.

  • 19:41 (IST)

    Tiebreak As Novak Is Broken!

    Tsitsipas shows that he’s no pushover.

    Levels the set 6-6. Tiebreak Now!

  • 19:40 (IST)

    Three Break Points For The Greek!

    Tsitsipas gets three break points.

    Can the greek level the scoreline?

  • 19:38 (IST)

    World Number Now For You!

    Novak showing real class in the finals.

  • 19:35 (IST)

    Tsitsipas Broken!

    Djokovic breaks Tsitsipas in the 11th game.

    Djokovic to serve out for the first set!

  • 19:33 (IST)

    Break Point!

    Break Point for Djokovic now.

    How the fortunes have tilted so quick. Tsitsipas hanging on.

  • 19:28 (IST)

    Set Saved By Novak!

    Djokovic comes up on top in the longest rally in the most important point of the set.

    Stuff of Champions!

  • 19:26 (IST)

    Set Point For Tsitsipas!

    Tsitsipas needs one more point to take a one set lead.

    Huge point coming up.

  • 19:25 (IST)

    Can Tsitsipas Break Serve?

    Tsitsipas making it hard for Novak to hold serve in a crucial game.

    15-30 in the opening set at 4-5 with Tsitsipas leading.

  • 19:19 (IST)

    Back On His Feet!

    Novak was back on his feet after a scary tumble.

  • 19:18 (IST)

    4-4, Opening Set!

    Djokovic back level 4 games to all.

    Both players showing no signs of nerves here. (4-4, Opening Set)

  • 19:16 (IST)

    Bjorn Borg Spotted!

    Bjorn Borg enjoying the final at the court.

  • 19:12 (IST)

    Djokovic Falls Nasty!

    Djokovic takes a nasty tumble while returning a timely placed drop shot by Tsitsipas.

    World number one up and ready again.

  • 19:09 (IST)

    Djokovic Showing Class!

    Djokovic not burning any sweat for now.

    Closes his game without dropping any points. 3-3 (No break of serve, opening set)

  • 19:05 (IST)

    Stefanos Holds On!

    Tsitsipas holds on to a tight game.

    Takes a 3-2 lead in the opening set. (No breaks)

  • 19:01 (IST)

    Drop Shot Winner!

    Djokovic putting on a show here!

    Closes his second game without a point dropped with a drop shot winner. (2-2)

  • 18:57 (IST)

    Tsitsipas Takes Lead!

    Tsitsipas makes a statement with a relatively better service game.

    Finishes it off with an Ace.

    Tsitsipas leading 2-1 (No Breaks)

  • 18:54 (IST)

    Long Rally!

    Tsitsipas wins a crucial opening point of his second service game.

    Wins a volley winner after strong baseline shots.

  • 18:52 (IST)

    Strong Service!

    Djokovic races to a 30-love lead. Serving calmly.

  • 18:51 (IST)

    Tsitsipas Holds!

    Tsitsipas takes 1-0 lead and hangs on in a seven-minute opening game.

    Djokovic to serve.

  • 18:50 (IST)

    Break Point Saved!

    Second break point saved by Tsitsipas.

    Deuce.

  • 18:49 (IST)

    Tsitsipas Winner!

    Tsitsipas comes in with a huge single-handed backhand winner with Djokovic on advantage.

    Deuce again.

  • 18:48 (IST)

    Deuce Again!

    Tsitsipas still holding on somehow. 

    40-All

  • 18:46 (IST)

    Backhand Winner!

    Novak hits a backhand winner as Tsitsipas serve is under the hammer from the start.

    40-All 

  • 18:45 (IST)

    Pressure By Novak!

    Djokovic putting the Greek’s backhand under pressure with deep baseline shots. 

    15-30 (opening game)

  • 18:43 (IST)

    Double Fault!

    A double fault to start with by Tsitsipas.

    0-15

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Latest News Today – Dodla Dairy IPO To Open On June 16; Price Band Fixed At


Dodla Dairy will be the third company to launch IPO next week, after Shyam Metalics and Sona Comstar.

Dodla Dairy will launch its initial public offering (IPO) on June 16. The The Hyderabad-based company’s public issue will be open for three days between June 16 and June 18, and the shares will be offered in the price band of Rs 421-428 per share. The shares are likely to be listed on the BSE and NSE on June 28.

Dodla Dairy’s public offer will consist of a fresh issue of up to Rs 50 crore and an offer for sale of up to 1,09,85,444 shares by the promoters. The offer for sale consists of 92 lakh shares by investor TPG Dodla Dairy Holdings, 4,16,604 equity shares by Dodla Sunil Reddy, 10,41,509 equity shares by Dodla Family Trust and 3,27,331 equity shares by Dodla Deepa Reddy.

Applicants can bid for a minimum one lot of 35 shares and in multiples of 35 shares thereafter, extending up to 13 lots.A total of 50 per cent of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail buyers and 15 per cent for non-institutional investors.

The company will utilise the IPO proceeds to repay debt and for capital expenditure requirements.

Dodla Dairy is an integrated dairy company based in south India. It operates in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, with Dodla Dairy, Dodla and KC+ brands, and in Uganda and Kenya with brands Dodla Dairy, Dairy Top and Dodla+.

Dodla Dairy will be the third company to launch IPO next week, after Shyam Metalics and Sona Comstar.



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