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Delhi New CM Announcement Live: BJP to choose next Delhi CM at legislature party meeting this evening

The much-awaited decision on Delhi’s new chief minister will be made at the BJP legislature party meeting scheduled for Wednesday, February 19, at the party’s Delhi unit office. The meeting, expected to begin at 7 PM, will see the 48 BJP MLAs elect their Leader of the House in the Delhi Assembly, who will subsequently assume the role of chief minister. The BJP secured a decisive victory in the February 5 Delhi Assembly elections, defeating the Aam Aadmi Party (AAP) and returning to power after 26 years. Party leaders have confirmed that preparations for the legislature party meeting are complete. Central observers, whose names are yet to be announced, will oversee the process.

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Trump’s tariff threat takes the wind out of India’s pharma stocks

India’s stock market is feeling the ripples from US President Donald Trump’s latest threat to impose 25% tariff on imported drugs, cars, and semiconductor chips from April 2. Indian drug makers like Dr Reddy’s Laboratories, Lupin, Cipla, and Zydus are far more vulnerable than carmakers.

Only 0.2% of India’s car exports go to the US, according to data from SBI Research. However, the projected tariff of 25% may be a bigger hit for Indian drugmakers who sell over 38% of their exports in the US. Stocks fell by as much as nearly 5% in early trade on Feb 19. Share price data as at 9:25 am.

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Tesla’s India sales could begin in the next three months with imports from Germany

Tesla’s long-awaited India entry could start as early as April this year, said sources familiar with the company’s India strategy. CNBC-TV18 has learnt that the company is considering importing electric cars from the Tesla plant in Berlin and selling them in India. Tesla and Elon Musk may first like to bring an Electric Vehicle (EV) under $25,000 into India.

This coincides with Tesla’s plans to launch an affordable electric car to further grow market share as it faces competition from BYD. Sources said Tesla has finalised locations for company-owned showrooms in Aerocity in Delhi and BKC in Mumbai and would like to start operations at the earliest.

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PM Modi meets former UK PM Rishi Sunak, calls him as a ‘great friend of India’

Prime Minister Narendra Modi met former British Prime Minister Rishi Sunak on Tuesday and called him a “great friend of India.”

Sharing a post on X, PM Modi wrote, “It was a delight to meet former UK PM, Mr. Rishi Sunak, and his family! We had a wonderful conversation on many subjects. Mr. Sunak is a great friend of India and is passionate about even stronger India-UK ties.”

Sunak was accompanied by his mother-in-law, author and Rajya Sabha MP Sudha Murty, along with other family members.

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#TechTalks

Nothing teases triple-camera setup on its upcoming Phone (3a) series

London-based technology company Nothing has announced that the Phone (3a) Series will feature a camera system designed for smartphone photography and videography in various environments. The Phone (3a) series will incorporate a new periscope lens along with AI clarity-enhancing algorithms.

The new series will include improvements over its predecessor, Phone (2a), with a notable upgrade being the addition of a 50MP periscope lens — in at least one variant — that offers 3x optical zoom, 6x in-sensor zoom, and 60x ultra zoom, aimed at capturing macro shots and portraits.Nothing’s TrueLens Engine 3.0 will utilise hardware for photography, employing AI tone mapping and scene detection to optimise image quality. The engine is designed to analyse images and adjust settings accordingly.

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India’s mobile exports clock ₹1.5 lakh crore in past 10 months

The mobile industry has surpassed ₹1.5 lakh crore in exports during the past 10 months, from April to January, of this financial year. This figure has already surpassed the total mobile exports of ₹1.29 lakh crore seen in the 2023-24 fiscal.

According to the India Cellular and Electronics Association (ICEA), the mobile industry is expected to reach exports of ₹1.8 lakh crore this fiscal, likely positioning mobiles as the most exported item from India. Mobile exports of ₹1.8 lakh crore would represent a 40% increase from ₹1.29 lakh crore in FY24 and a 680% jump over the ₹22,868 crore recorded in FY21, the year marking the inception of the Production-Linked Incentive (PLI) scheme.

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#DailyData

#PersonalFinance 

EPFO board to meet on Feb 28: What to expect on interest rate changes

The Employees’ Provident Fund Organisation (EPFO) will decide the interest rate for the financial year 2024-25 at its central board of trustees (CBT) meeting on February 28. The rate is expected to remain close to 8.25%, according to an Economic Times report citing sources.

Interest rate trend

EPFO raised the interest rate to 8.25% for FY24, the highest in three years. In FY23, it was 8.15%, up from 8.10% in FY22.The lowest rate in recent history was 8.10% in 2021-22, the lowest since 1977-78, when it stood at 8%.Over the past decade, interest rates have fluctuated, with the highest being 9.50% in 2010-11. The rate remained at 8.50% from 2019 to 2021, before dropping to 8.10% in 2021-22.

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What is high-yield fixed deposit? Know benefits and how it works

A high-yield fixed deposit (FD) is a form of fixed deposit that offers higher interest rates than usual fixed deposits. It enables investors to receive more interest on their investments over a time period, making it an appealing alternative for those wishing to maximise returns while keeping their money safe.

High-yield FDs are often associated with slightly higher risks or stricter terms, such as a longer duration or a higher minimum deposit. However, they offer better results than FDs, making them appropriate for people looking for higher incomes with less risk.

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#StartupsWorld

Electric scooter maker River EV to open 100 stores by 2026, says CEO Aravind Mani

Electric mobility startup River EV is gearing up for significant expansion in India, setting an ambitious target of opening 100 stores by March 2026, a sharp increase from the 25 stores it plans to have by March 2025.Speaking to CNBC-TV18, Aravind Mani, Co-Founder and CEO of River EV, emphasised that the brand aims to be present in at least 120 cities before launching its next product, a utility scooter.”We started selling around 12-15 months back. Since then, we have sold close to 5,000 vehicles. Currently, we operate 12 stores, and from these locations, we sold nearly 750 vehicles last month. This places us at approximately number 10 or 11 in the country,” Mani stated.

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1000 Media platform aims to empower entrepreneurs with AI-generated content, says founder Nuseir Yassin

Global content creator Nuseir Yassin, widely known as Nas Daily, is expanding his media empire with the launch of 1000 Media—an AI-powered platform designed to streamline content creation while lowering costs. The platform will also produce unique original content following the signature Nas Daily style. By harnessing artificial intelligence, 1000 Media aims to help impact-driven companies and visionary entrepreneurs strengthen their digital presence. In an interview with CNBC-TV18, Founder Nuseir Yassin shared insights on the future of Nas Daily and 1000 Media.

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