Latest News Today – After Talks With Amit Shah, Mizoram Chief Minister On

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After Talks With Amit Shah, Mizoram Chief Minister On Dialogue With Assam

Assam and Mizoram have been engaged in a tense border stand-off since July 26

The boundary dispute with Assam will be resolved amicably through dialogue, Mizoram Chief Minister Zoramthanga said today after a telephonic discussion with Home Minister Amit Shah and Assam Chief Minister Himanta Biswa Sarma. He has appealed to the people of Mizoram to prevent any possible escalation of the situation.

“As per telephonic discussion with Union Home Minister and Assam Chief Minister, we agreed to resolve the Mizoram-Assam border issue amicably through meaningful dialogue,” the Mizoram Chief Minister said on Twitter.

Assam and Mizoram have been engaged in a tense border stand-off after seven people, including six Assam Police personnel, were killed and scores injured in a clash along the Mizoram-Assam inter-state border on July 26.

Both the states have refused to honour the summons that were issued by each other following the clashes. Mizoram has named Assam Chief Minister and other top officials in its FIR over the incident.

The first information report that was filed under several sections of the Indian Penal Code, including “attempt to murder”, said Assam police personnel, acting under instructions from Mr Sarma himself, refused to have an “amicable dialogue” with the Mizoram police on the day of the incident.

Mr Sarma, on his part, has asked why a neutral agency can’t investigate the matter.

“Will be very happy to join in any investigation. But why the case is not being handed over to a neutral agency, especially when the place of occurrence is well within the constitutional territory of Assam? Have already conveyed this to @ZoramthangaCM ji,” Mr Sarma tweeted.

The Assam government has received support from opposition parties in the ongoing stand-off. A 19-member all-party delegation of Assam assembly, headed by Speaker Biswajit Daimary, will visit Delhi to request the Centre to resolve the state’s boundary dispute with Mizoram at the earliest.

The two states have been at odds over the boundary for decades, but Monday’s clashes flared up over an alleged construction by Mizoram in the disputed 198-square-mile stretch on the inter-state border — Lailapur under Dhalai of Cachar district in southern Assam and Vairengte in Kolasib district of northern Mizoram.

At least five companies (total of 500 troops) of the Central Reserve Police Force have been deployed in the violence-hit regions.

Two more companies are on standby.



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Latest News Today – Elon Musk Talks About His Cryptocurrency Investments,

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Elon Musk has been a staunch supporter of everything crypto and now, the SpaceX CEO has for the first time admitted that his privately-owned aerospace company also owns Bitcoin. This is, of course, besides Tesla’s investment of $1.5 billion (roughly Rs. 11,150 crores) in the world’s biggest and oldest digital token that has struggled a lot in the last few weeks within months of peaking at over $60,000 (roughly Rs. 45 lakhs). 

Speaking at The B Word conference, an event hosted by the Cryptocurrency Council for Innovation, in the company of ARK Invest CEO Cathie Wood and Twitter CEO Jack Dorsey, Musk confirmed that SpaceX does hold Bitcoin (at around the 8-minute mark during the video conference). However, he didn’t disclose the extent of SpaceX’s investment in Bitcoin. The 50-year-old business magnate did mention that he personally owned Bitcoin and Ethereum, the second most popular cryptocurrency. Wondering if Musk owns anything in Dogecoin? The answer is yes. Musk revealed that he has personally invested in the Shiba-Inu face-themed digital currency that started as a joke but got popular on the Internet after receiving support from celebrities.

Musk once again showed that he was committed to cryptocurrency in general, saying, “One thing you do need to watch out for with crypto, especially Bitcoin, using proof of work, using energy that’s a bit too much and not necessarily good for the environment.”

He also used the platform to reiterate that he wanted to see Bitcoin succeed. Besides, Musk unerlined neither SpaceX nor he personally wanted to part ways with Bitcoin. “If the price of Bitcoin goes down I lose money. I might pump but I don’t dump,” he said. “I definitely do not believe in getting the price high and selling or anything like that. I would like to see Bitcoin succeed.”

And just as we have seen on so many occasions in the past few months that a tweet from Musk is capable of altering the prices of these tokens, it happened again on Wednesday when prices of Ethereum were up nearly 9 percent as it traded at Rs 1,48,401 on Thursday morning. Bitcoin rose by 6.54 percent and opened at Rs 24,00,040 on Thursday. Dogecoin, that closed at Rs 13.16 last, opened at Rs 14.82 on Thursday, up 6.51 percent.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Latest News Today – Uddhav Thackeray Trashes Talks Of Patch-Up With BJP

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'Not Going Anywhere': Uddhav Thackeray Trashes Talks Of Patch-Up With BJP

Thackeray’s assertion came days after Devendra Fadnavis said Sena was “never” an “enemy”

Mumbai:

Maharashtra Chief Minister Uddhav Thackeray today scotched speculation about his party’s possible alliance with the BJP with a witty repartee. Asked about the matter, he told journalists, “I am still sitting with Ajit Pawar and Balasaheb Thorat. I am not going anywhere”.

His remark appeared to put out of court party MP Sanjay Raut’s comparison of the BJP-Shiv Sena relationship to Aamir Khan and Kiran Rao, who recently announced their divorce but said their relationship had “changed”.

“We are not India-Pakistan. Look at Aamir Khan and Kiran Rao, it is like them. Our (Shiv Sena, BJP) political ways are different but the friendship will remain intact,” the Shiv Sena MP and spokesperson told news agency ANI.

Mr Thackeray’s assertion came days after the BJP’s Devendra Fadnavis declared the Shiv Sena was “never” an “enemy”. Asked whether there is a possibility of the two former allies coming together, Mr Fadnavis said “there are no ifs and buts in politics” and an “appropriate decision” will be taken in view of the situation.

The statements of Sena and BJP leaders have kept alive speculation about a possible rapprochement that was triggered by meetings and subsequent talks between Mr Thackeray and Prime Minister Narendra Modi.  

Mr Raut had followed it up lauding PM Modi as the “top leader of the country” and said he shared “old ties” with Mr Thackeray. But in an interview with NDTV, he also said their conversation “should not lead to speculation that BJP will join hands with the Sena for a government”.

Talking to the media after the two-day monsoon session of the state assembly ended, the Chief Minister said the BJP’s behaviour during the session was against democracy.

Yesterday, the Maharashtra assembly suspended 12 MLAs of the BJP for a year for abusing and manhandling the Speaker-in-chair as the assembly session started.

Leader of the Opposition Devendra Fadnavis, who was allegedly present during the ruckus which took place in a cabin, insisted that these are “false allegations”.

Under the leadership Devendra Fadnavis, the BJP legislators even set up a “counter Assembly” on the steps of the Vidhan Bhavan on Tuesday to hold a mock session as a mark of protest against the suspension.

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Latest News Today – Apple Car: Company Said to Be in Talks With China’s

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 Apple is in early-stage talks with China’s CATL and BYD about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said.

The discussions are subject to change and it is not clear if agreements with either CATL or BYD will be reached, said the people who declined to be named as the discussions are private.

Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers, said two of the sources.

CATL, which supplies major car makers including Tesla, is reluctant to build a US factory due to political tensions between Washington and Beijing as well as cost concerns, the two people said.

It was not immediately clear if Apple is also talking to other battery makers.

Apple, which has yet to make a public announcement about its car plans, declined to comment. CATL, the world’s biggest automotive battery maker, and BYD, the world’s No. 4, also declined to comment.

Shares in BYD extended gains on the news to be up 5.4 percent in Hong Kong in late afternoon trade and closing 6.5 percent higher in Shenzhen. CATL reversed earlier losses to finish 0.5 percent higher.

Apple is in favour of using lithium iron phosphate batteries that are cheaper to produce because they use iron instead of nickel and cobalt which are more expensive, the four people said.

It has been working on self-driving technology and has targeted 2024 for the production of a passenger vehicle, Reuters reported in December.

People familiar with the matter have previously said Apple’s planned EV could include its own breakthrough battery technology. It was not immediately clear if the discussions with CATL and BYD involved Apple’s own technology or designs.

The discussions come at a time when the US government is looking to attract more EV manufacturing. US President Joe Biden’s proposed $1.7 trillion (roughly Rs. 1,23,90,960 crores) infrastructure plan includes a $174 billion (roughly Rs. 12,68,310 crores) budget to boost the domestic EV market with tax credits and grants for battery manufacturers, among other incentives.

Many battery makers are ramping up production to meet soaring worldwide demand as car makers accelerate their shift to electric vehicles to comply with tougher emission rules aimed at tackling global warming.

Chinese battery makers are expected to grow at a faster pace than their foreign peers thanks to further expansion of the world’s biggest EV market, SNE Research said in a June report.

Reuters reported last week that CATL is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier. The factory would near Tesla’s China manufacturing operations.

© Thomson Reuters 2021


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Latest News Today – Flipkart In Talks to Raise $3 Billion From Ex-Backer

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Flipkart In Talks To Raise $3 Billion From Ex-Stakeholder SoftBank, Others

Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.

The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said.

Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.

The fundraising discussions are not yet finalized and could still change, the people said.

SoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.

The e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.

India has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.

That has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.

The deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.

Flipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.

Today, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.

Since the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service — it currently offers 11 languages — and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.

The potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Latest News Today – Flipkart in Talks to Raise $3 Billion From SoftBank,

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Walmart-owned Indian e-commerce firm Flipkart is in talks to raise at least $3 billion (roughly Rs. 21,850 crores) from investors including Japan’s SoftBank Group and several sovereign wealth funds, Bloomberg News reported on Monday.

The startup is aiming for a valuation of about $40 billion (roughly Rs. 2,91,130 crores) and is in talks with Singapore’s GIC Pte., Canada Pension Plan Investment Board, and the Abu Dhabi Investment Authority, the report said, citing people familiar with the matter.

SoftBank could invest $300 million (roughly Rs. 2,180 crores) to $500 million (roughly Rs. 3,640 crores) of the total through its Vision Fund II, according to the report.

Flipkart, SoftBank, and the Abu Dhabi Investment Authority did not immediately respond to Reuters requests for comment.

SoftBank sold its roughly 20 percent stake in the e-commerce firm to Walmart in 2018.

The Indian company is in the early stages of exploring going public in the United States through a deal with a blank-check firm, sources familiar with the matter told Reuters in March.

Reuters exclusively reported in September that Bengaluru-based Flipkart was preparing to go public overseas as early as 2021, which could value the firm at as much as $50 billion (roughly Rs. 3,63,920 crores).

© Thomson Reuters 2021


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Latest News Today – Farm Laws – “Do Not Test Our Patience, Start Talks,

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'Do Not Test Our Patience, Start Talks, Accept Demands': Farmers' Union

Thousands of farmers have been camping in Delhi for almost six months (File)

New Delhi:

With spells of rain in the national capital adding to the misery of farmers camping on the borders of Delhi, the Samyukta Kisan Morcha (SKM) on Wednesday warned the central government to “not test their patience, initiate the dialogue and accept the demands”.

Thousands of farmers, mostly from Punjab, Haryana and Western Uttar Pradesh, have been camping at three Delhi border points – Singhu, Tikri and Ghazipur – for almost six months, demanding repeal of three farm laws and a legal guarantee for the minimum support Price (MSP) and other two issues.

“… More than 470 farmers have been martyred in the farmers’ movement. Many agitators have had to leave their jobs, education and other work. The government’s attitude meanwhile shows how inhuman and careless it is towards its own citizens, the ”anna daatas”. If the government cares about its farmers and wants their welfare, then it should initiate dialogue with the farmers and accept their demands,” the SKM said in a statement, warning the government to “not test the patience of farmers”.

So far, there have been 11 rounds of talks between the protesting unions and the government, but the deadlock has continued as both sides have stuck to their stand.

In January, the government had offered to suspend the farm laws for 12-18 months, which was rejected by the farmer unions.

The Supreme Court stayed the implementation of the laws till further orders and set up a committee to resolve the impasse.

When this government, which “pretends” to do the welfare of farmers, takes “full credit” for increasing production or export in any crop or state, it should also take responsibility for every “human loss and other loss” taking place on the borders of Delhi, the SKM, an umbrella body of agitating farmer unions, said.

The spells of rainfall in Delhi on Wednesday under the impact of cyclone Tauktae, according to the protesting farmers’ union, has caused a great deal of “disruption and losses” at the different agitating venues.

“It has been a chaotic situation with regard to food and accommodation, due to the rain. Roads and several parts of the protest sites have been filled up with rainwater,” the union said.

“… For six months now, in all such circumstances, in the absence of any government facilities and support, the protesting farmers themselves are handling such situations,” it claimed.

The centre says the new farm laws will free farmers from middlemen, giving them more options to sell their crops.

The protesting farmers, however, say the laws would pave the way for eliminating the safety cushion of MSP and do away with the “mandi” (wholesale market) system, leaving them at the mercy of big corporates.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Latest News Today – Donald Trump Talks About Himself In Speech At Couple’s

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'Miss Me Yet?': Trump Talks About Himself In Speech At Couple's Wedding

At the end of his speech, Trump praised the newlyweds. (FILE)

Washington:

Former US president Donald Trump stole the spotlight at a wedding in his Mar-a-Lago resort in Florida over the weekend, using a congratulatory speech to mainly talk about himself and assail his successor.

“Do you miss me yet?” a tuxedo-clad Trump asked at Saturday night’s function, according to video posted on celebrity gossip site TMZ.

His question was met with whoops of delight and applause from guests at the wedding, between longtime Trump friends Megan Noderer and John Arrigo, according to Business Insider.

Trump used his moment in the nuptial limelight to blast President Joe Biden on several issues including the US-Mexico border, China and Iran.

“What’s happening to the kids? They are living in squalor, they are living like nobody has ever seen,” Trump said, referring to conditions on the border.

Since Biden took office, a surge of migrants including unaccompanied minors has tried to cross into the US.

Trump’s administration drew criticism for dividing families at the border and keeping children in what some critics described as “cages.”

He also referenced the November election, once again raising questions as to the integrity of the result even though he lost by seven million votes and all his attempts to challenge the outcome failed.

At the end of the former president’s speech, he praised the newlyweds.

“You are a great and beautiful couple,” the 74-year-old businessman said.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Tesla In Talks With Tata Power For EV Charging | Sidnaz Blog

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Tesla In Talks With Tata Power For EV Charging Infrastructure: Report

Tesla Inc is exploring an arrangement with conglomerate Tata Sons’ power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources.

Shares of Tata Power rose 5.5 per cent to their best closing level since June 9, 2014 after the report, which comes as the Palo Alto-based electric-car maker gears up for an India launch later this year with plans to import and sell its Model 3 electric sedan in India.

Tesla will set up an electric-car manufacturing unit in Karnataka, according to a government document seen by Reuters

The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.

The two companies were not immediately available for comment.

In January, the U.S. electric-car maker incorporated Tesla Motors India and Energy Private Ltd with its registered office in the southern city of Bengaluru, a hub for global technology companies.

Tata Motors Ltd, the carmaking unit of Tata Sons, last week denied any tie-up with Tesla, after media reports suggested the two companies were discussing a partnership.

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Tesla Said to Be in Talks With Tata Power for Electric | Sidnaz Blog

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Tesla is exploring an arrangement with Indian conglomerate Tata Sons’ power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources.

Shares of Tata Power rose 5.5 percent to their best closing level since June 9, 2014 after the report, which comes as the Palo Alto-based electric-car maker gears up for an India launch later this year with plans to import and sell its Model 3 electric sedan in India.

Tesla will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters

The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said..

The two companies were not immediately available for comment.

In January, the US electric-car maker incorporated Tesla Motors India and Energy Private with its registered office in the southern city of Bengaluru, a hub for global technology companies.

Tata Motors, the carmaking unit of Tata Sons, last week denied any tie-up with Tesla, after media reports suggested the two companies were discussing a partnership.

© Thomson Reuters 2021


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