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  The growth of mobile phone manufacturing in India has had a significant impact on the economy and people. Here are some of the key impacts: Economic impact: The mobile phone manufacturing industry has created millions of jobs in India, both directly and indirectly. In 2022, the industry is estimated to have supported over 3 million jobs. It has also contributed significantly to the country's GDP, accounting for around 4.7% of the total GDP in 2021. Tax revenue: The mobile phone manufacturing industry also generates significant tax revenue for the government. In 2021, the industry paid around $17 billion in taxes. This revenue is used to fund government programs and services that benefit all Indians. Exports: India is now a major exporter of mobile phones. In 2022, the country exported over $30 billion worth of mobile phones. This has helped to boost the country's foreign exchange reserves and improve the balance of trade. Technology transfer: The mobile phone manufact...

Zomato turned profitable for the first time in 15 years in the first quarter of fiscal year 2024 (Q1 FY24). The company reported a net profit of Rs 2 crore in Q1 FY24, compared to a loss of Rs 186 crore in the same period last year. This was a result of several factors, including: Increased revenue from food delivery: Zomato's revenue from food delivery grew by 70% year-on-year to Rs 2,416 crore in Q1 FY24. This was driven by several factors, including the continued recovery in demand for food delivery, the increasing popularity of Zomato's Gold subscription program, and the expansion of Zomato's restaurant network. Reduction in losses from quick commerce business: Zomato's fast commerce business, Blinkit, turned contribution positive for the first time in June 2023. This was a significant milestone for Zomato, as Blinkit had been a major drain on the company's finances. Improved operational efficiency: Zomato has been working to improve its operational effici...

  The impact of Zerodha's launch of its asset management company (AMC) business on market investors and people could be significant. For market investors: Zerodha's AMC business could provide a much-needed boost to the Indian mutual fund industry. The industry has been growing steadily in recent years, but it is still relatively small compared to other developed markets. Zerodha's entry into the AMC space could help to attract new investors to mutual funds, especially those who are looking for simple and easy-to-understand products. For people: Zerodha's AMC business could also have a positive impact on people who are looking to invest their money in mutual funds. The company's focus on simplicity and transparency could make it easier for people to understand how mutual funds work and how to choose the right funds for their needs. This could lead to more people investing in mutual funds, which could help to grow their wealth and improve their financial situation...

Highlights of the news:   Ather Energy is gearing up to unveil three new electric scooters today.  One of the scooters, the Ather 450S, is expected to be a more budget-friendly option that will compete with the Ola S1 Air and TVS iQUBE.  The Ather 450S is likely to have a smaller 2.9 kWh battery pack and a non-touch LCD display, but it will still have a top speed of 90 km/h.  The other two scooters are still under wraps, but they could be updated versions of the Ather 450X.  The event will be streamed on YouTube at noon today.  Here are some additional details about the Ather 450S:    It will have a starting price of ₹1,29,999. It will have a range of 115 km.  It will have a top speed of 90 km/h. It will have a non-touch LCD display.  It will have LED headlamps, streamlined indicators, and a distinct LED taillight.

  H ere are the highlighted points from the new update: Apple is moving the "End" button on iPhones to the right side of the screen in iOS 17. This change will also move other call features, such as the "Mute" and "Speaker" buttons, to new locations. The "FaceTime" and "Keyboard" buttons have also been swapped. The ability to search for contacts has been combined with the add call feature. Apple is also introducing a variety of new features in iOS 17, such as enhanced autocorrect, a new journal app, and live transcription of voicemails. Some users may be frustrated by the changes to the call UI in iOS 17, as the new layout may take some time to get used to. However, Apple is offering a beta program for iOS 17, which will allow users to try out the new software ahead of its public release. This will give users a chance to provide feedback to Apple and help to improve the software before it is released to everyone. Overall, iOS 17 l...

  The RBI's decision to keep the repo rate unchanged at 6.50% is likely to have a mixed impact on the common people. On the one hand, it will help to keep inflation in check, which is currently at a 6-year high. This will be good for consumers, as they will not have to pay as much for essential goods and services. On the other hand, it will also mean that interest rates on loans will remain high, which could make it more expensive for people to buy homes and cars. Overall, the RBI's decision is a cautious one. It is trying to balance the need to control inflation with the need to support economic growth. The decision is likely to be welcomed by businesses, as it will give them some breathing space to recover from the pandemic. However, it could be a disappointment to consumers, who were hoping for a rate cut. Here are some specific implications of the RBI's decision for the common people: Home loan borrowers: Interest rates on home loans are likely to remain high, which co...