Business News Well, with the increasing number of electrical vehicles becoming mainstream, there are many career opportunities in this now. Now, there is a new opportunity for the students, who want to make their career in electrical vehicles, the SBTET means the State Board of Technical Education and Training has decided to introduce an elective course on Electric Vehicles. The State Board of Technical Education and Training has decided to introduce a subject on Electric Vehicles in all the polytechnic courses.
The SBTET now has entered into a Memorandum of Understanding with the Indo-German Vocational Education and Training which has shown their interest in designing the curriculum along with training the faculty members.
The subject of EVs will be introduced as an elective subject to the student course. Students pursuing the fifth semester across all polytechnic colleges in Telangana state will be eligible to take up the subject. It will have 3 credits for theory and 1.5 credits for practicals. Students will also be offered placement after completing the course.
Telugu Cinema News: Megastar Chiranjeevi’s upcoming movie, Godfather is scheduled to hit the floor on 5th October. Mega fans raised the question of promotions, where is the promotion? Hence, the makers are too late but now they have been intensifying promotions like anything.
The megastar has already done a special interview with the Sreemukhi traveling on a flight. He also binds in film companion editor Anupama Chopra for a video interview. The pre-release event will be held on 28th September in Ananthapur and there are also some other events in MUMBAI as well. So, the promotional activities are growing slowly. The movie is directed by Mohan Raja, Godfather will hit the theaters on 5th October. The movie is produced by NV Prasad.
If we talk about the shooting, when everyone was waiting on the day of the shoot, he claimed that Puri was staying inside his caravan. Everyone was waiting for him on the scene. He eventually exited the caravan while smoking a cigarette and drinking tea, according to Chiranjeevi and he questioned Charmee about why Puri took so long to exit the caravan. But everyone was in awe of his effortless performance when he finally took his first shot. He went so far as to completely defend the character in the movie.
Celebrity Fashion Updates: Actress Srinidhi Shetty has had a successful year with multiple commercial successful movies like KGF2 and Cobra. The actress has become a Pan India star and every picture of her is getting viral on social media. Recently the actress took to Instagram to share some of her beautiful pictures wearing a Maroon lehenga saree from the brand Charu and Vasundhara from their Bageecha collections.
The lehenga saree Srinidhi Shetty has opted to wear is made out of beautiful deep red color and had the beauty attributed to it with the sheen of the fabric. The lehenga of the outfit is woven to attain a mermaid style towards the border. Moreover, the upper half of the saree is depicted with embroidery stripes embedded with stones and beads. Srinidhi Shetty has finally completed the outfit by wearing a sleeveless blouse showcased with floral detailing in self-color threads.
Srinidhi Shetty has opted for a pair of ruby studded earrings, a choker, and a ring from the brand house of QC. For the hairstyle, she has opted for loose and wavy hair with a side partition to attain a glamorous look on the outfit. She had finally rounded off the look with Kohl-rimmed eyes with shimmery eyeshadow, blushed cheeks, highlighter, and red lips.
Tollywood News: The pre-release event of Nagarjuna’s the Ghost is planned to be held in Kurnool. The arrangements of the events are in progress. The event will be an eye feast for Akkineni fans as Nagarjuna, Naga Chaitanya, and Akhil going to share the stage.
Actor Naga Chaitanya and Akhil will be coming as the guests of the events. The event will be held at STBC college ground in Kurnool on 25th September. The Ghost movie is an action thriller, which is directed by Praveen Sattaru and features the star Nagarjuna and Sonal Chauhan as the Interpol officers. The movie is produced by Suniel Narang, in association with Puskur Ram Mohan Rao, and Sharrath Marar, the film’s teasers and trailer have developed enough craze.
Gul Panag and Anikha Surendran played the role of Nagarjuna’s sister and niece in this movie. The movie is going to release on 5th October.
Furthermore, the BA Raju’s team posted on Twitter with the caption, lets the madness begin, The Akkineni Trio are gracing The Ghost Pre-Release Event at STBC College Ground, Kurnool at 6 pm, with the beautiful poster of the pre-release event.
Business News: Well, the Bitcoin price today remains above the $19,000 mark even as the world’s largest and most popular cryptocurrency was trading more than 2% lower at $19,042. The Global crypto market cap today remained below the $1 trillion mark, as it was down over a percent in the past 24 hours at $969 billion.
While the coin is linked to the Ethereum blockchain and the second largest cryptocurrency fell more than 1% to $1,344. An ether jump since mid-June that was soured by the hype around an upgrade of the Ethereum blockchain is rapidly unwinding now the revamp is done. Meanwhile, the investors are bracing for volatility from the jumbo interest rate hike expected this week from the Federal Reserve to fight price pressures.
Bitcoin has traded sideways between its support at $18,540 and the resistance at $20,415. Since the current price is nearly the support price, sellers are more active in the market. If bulls can get back to the market by making a move to $20,000, see an upward trend. Whereas, Ethereum trades in a similar zone to BTC. It has not still piled the power to make a sharp move as sellers are more powerful than the buyers.
Meanwhile, the dogecoin price today was also trading about 2% higher at $0.05 whereas Shiba Inu slipped more than 2% to $0.000011. Other crypto prices in today’s performance were mixed as Uniswap, Polygon, Solana, Avalanche, Binance USD, Polkadot, Lite coin, Apecoin, Cardano, Chainlink, Tron, and Tether prices were trading with gains over the last 24 hours.
As per the reports of Bloomberg, Nasdaq Inc. is making its first major push into cryptocurrency, as the second-largest stock exchange is preparing to capitalize on the increasing appetite for digital currencies among big money services for bitcoin and Ether to institutional investors.
Business News: Goa said to implement the scheme line on the lines of T-Hub, and We-Hub TASK of Telangana to make the IT segment vibrant. Hence, a week after that and the HSIDC (Haryana State Industrial Development Corporation) visited the Telangana Industrialists Federation MSME Green Industrial Park as part of their study tour.
However, the Industrial Park located in the Dandumalkapur is a novel scheme which is conceived by the Telangana State. This is the first type of project in its kind where the MSME Industrial Park is likely designed to have an integrated township. Well, 60% of the park is allotted to micro, small and medium enterprises.
In the present phase, it is being made of about 543-acre land and allotted to 559 units, there more than 200 units have begun the construction of their production site and they are expected to start by next year in June 2023. The 30 units have already begun their production on the site and the remaining units will start construction soon.
The president of TIF, Sudhir Reddy said, in 2014, they visited many Industrial Parks, just to know how they are being operated, and now they are in a position to do the same, to inspire the other states too. And this all can be possible because of the efforts of the Telangana government in promoting the MSME segment across the Nation. When TIF Green Industrial Park completed its construction and started to operate, it will be the biggest MSME industrial park in South India.
By the Power, water, roads, and other infrastructure of the Industrial Park, it reaches the budget of Rs. 236 crores. The integrated township is planned on about 194 acres to promote the walk to work and will have a good number of schools, markets, some entertainment zones too, and also the other social infrastructure would be there. This project also got the appreciation of DPIIT (department for the promotion of Industry and Internal Trade) Additional secretary and some officials of Invest India visited the Industrial Park this month.
Furthermore, the project is being examined by the Government department and their officials and they will replicate this model of Industrial Parks in other locations too, hence this industrial park is setting a new benchmark in the nation. Also, this park has 40,000 plants inside it and it will have a drip irrigation system.
Hyderabad: The Monetary Policy Committee, the credit policy is likely to increase its repo rate by 5.90% and will not change its viewpoint. The reports said they were earlier expecting a 35bp increase but the sticky inflation and continued hawkish stance of DM central banks, and warrants are continuing front loading of rate hikes.
The inflation is ranging above the upper tolerance band of RBI for the 8th straight and Morgan Stanley to expects inflation to remain at 7.1-7.4 % in September as well, driven by increases in food prices as per the high-frequency food price trend.
Moreover, the reports said, they expect the trend to moderate but it remains above 6% until Jan-Feb 2023. The risks to the inflation outlook are going upside due to the uncertainty of the food inflation trajectory.
To track the policy,
Changes to growth or inflation forecast
Comments on the external balance sheet in the context of external risks.
Overall tone of the policy statement and path on real rate normalization
The RBI has already reduced the repo rate by 140 basis points and surplus liquidity has fallen, now to $19.1 billion from $89 billion in Jan 2022. The normalization rates have been less stark with the real policy rates at -1.6% currently and -3.8% previously in April 2022. However, the external environment is still challenging with generally higher commodity prices compared to the pre-pandemic era. While domestic macro fundamentals are still strong, risks from continued elevated commodity prices need to be tracked.
Against this backdrop, they expect monetary policy normalization to continue pegging the terminal repo rate at 6.5% by Feb 2023.
Business News: The Indian rupee decreased by 43 Paise to 79.60 against the US dollar in the opening trade as higher than expected U.S CPI print resulted in massive risk-off sentiments. At the interbank of the foreign exchange market, the rupee opened at 79.58 against the greenback and fell to 79.60, a decline of 43 Paise over its last close. The local unit also touched 79.54 against the US dollar.
Moreover, the rupee appreciated by 36 Paise to close at an over one-month high of 79.17 against the dollar. Meanwhile, the dollar index, the greenback’s strength against a basket of six currencies, fell from 0.03% to 109.77. The Global oil benchmark Brent crude futures fell by 0.10% to USD 92.91 per barrel. The U.S. August CPI came in a higher price than expected at 8.3% in a year and 0.6% in a month.
The higher-than-expected print has raised the more destructive monetary policy that binds the US Fed. Markets now expect the fund’s rate to be 4.25%, and also allocate a 20% chance of a 100 basis point hike next week, according to IFA Global Research Academy.
On the domestic equity market front, the 30-share BSE Sensex was trading on 559.31 points or 0.92% lower at 60,011.77, while the broader NSE Nifty was lower by 155.20 points or 0.86% to 17,914.85. The Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹1,956.98 crores.
Tesla will lower price for cars if inflation calms down: Musk
Tesla CEO Elon Musk said that his electric vehicle company Tesla would pull down the prices of its car if the inflation calmed down.
On the microblogging site Twitter, the tech honcho mentioned the car prices on being asked by a user if the company plans to down the cost of cars after the pandemic or supply chain matters.
“If inflation calms down, we can lower prices for cars,” the tech billionaire wrote on Twitter.
Last month, Musk-owned Tesla once again increased the prices of its electric cars across its entire lineup, with some models going up by as much as $6,000.
After a year of increasing prices almost every month in 2021, Tesla slowed down the rapid rise in prices across its electric vehicles in early 2022.
However, it later updated its online configurator overnight to increase prices across its entire lineup.
As per a recent report, the Model 3 is the one that got the smallest price increase of all Tesla’s lineup. Only the Model 3 Long Range is affected as it went from $54,490 to $57,990, a $2,500 price increase, the report said.
The Model Y, which has become Tesla’s most popular model, has received a more significant price increase, with both versions of the electric SUV going up in cost.
Model Y Long Range went from $62,990 to $65,990, and Model Y Performance went from $67,990 to $69,990.
Meta-owned WhatsApp has recently found some fake versions of the application and therefore issued a strict warning to its users and requested them to not download and use such fake apps.
According to Will Cathcart, the CEO of WhatsApp, users should not download these modified versions of WhatsApp since doing it might result in serious issues.
The caution comes days after WhatsApp’s security research team reportedly has come across a few phony applications that claim to offer WhatsApp-like functionalities. Cathcart cautioned that hazardous applications like “Hey WhatsApp” from the developer “HeyMods” should be avoided.
Reminder to @WhatsApp users that downloading a fake or modified version of WhatsApp is never a good idea. These apps sound harmless but they may work around WhatsApp privacy and security guarantees. A thread:
“These apps promised new features but were just a scam to steal personal information stored on people’s phones. We’ve shared what we found with Google and worked with them to combat the malicious apps,” he said.
According to the WhatsApp CEO, the company will take all the necessary actions against these fake malicious applications to protect the data and security of its users.
“We’ll of course continue our efforts to detect and block these kinds of apps going forward,” WhatsApp CEO Will Cathcart said on Twitter.