Auto Sector news: Highlights of the day, Dec 23

Look to invest Rs 9,000 crore as capex for logistics division

The government should immediately implement sectoral regulator TRAI's recommendation to reduce the licensing fee from the current 8 per cent to 3 per cent of Adjusted Gross Revenue (AGR), said Dish TV CEO Manoj Dobhal on Thursday.
He urged the Ministry of Information & Broadcasting (MIB) to act swiftly as it can drive long-term sustainability and growth of the DTH industry, which is currently struggling.
"Implementing TRAI's recommendations will unlock greater investment, foster innovation, and improve consumer access to quality services. A forward-looking regulatory approach is crucial for ensuring a competitive and thriving Pay TV ecosystem. We urge the MIB to expedite these much-needed reforms to support the industry's evolution in an increasingly digital landscape," Dobhal told PTI.
On February 21, TRAI to ease the financial burden on DTH operators, the Telecom Regulatory Authority of India (TRAI) has recommended a reduction in the authorisation fee from the current eight per .

On February 21, Trai, to ease the financial burden on DTH operators, recommended a reduction in the authorisation fee from the current eight per cent to just three per cent of AGR

OpenAI said that GPT-4.5 has been trained on data derived from smaller models, enhancing its steerability and ability to grasp nuance

The iPhone 16e is the entry point to Apple's smartphone ecosystem supporting Apple Intelligence, which will be rolled out in India in April with the release of iOS 18.4

South Central Railway has joined the rescue teams that are engaged in locating the eight persons who remain trapped in the partially collapsed SLBC tunnel for the past six days, with necessary equipment, a senior official said on Friday.
Railways has the expertise in cutting heavy metals using equipment such as plasma cutter and Brocho cutting machine, South Central Railway (SCR) Chief Public Relations officer A Sridhar said.
"District Collector, Nagar Kurnool sought the help of South Central Railway in rescue operation by clearing iron and steel debris that have been hindering the rescue works at the site,  A Sridhar told PTI.
He further said that the SCR quickly responded to the call and deployed two teams of metal cutting experts in the rescue mission. The first  batch led by S Murali, Divisional Mechanical Engineer, consisting a senior Section Engineer, 13 Welders and two technicians from Secunderabad have reached the site and have taken up the required works. The second batch o

Railways has the expertise in cutting heavy metals using equipment such as plasma cutter and Brocho cutting machine

Latest news updates: Catch all the latest news developments from around the world her

Praising the Union budget, Union Minister Dr Mansukh Mandaviya on Sunday said that the budget aims to make a healthy economy by setting a proper roadmap with a long-term vision.
He said that time has changed in the last 10 years after Prime Minister Narendra Modi took over.
"The prime minister has a vision of a developed India by 2047. With a long-term vision, the PM has also laid out his roadmap step by step in every budget," the minister said at a press conference at the party office on Sunday.
"Our budget aims to build a healthy economy. Each budget for the last ten years is taking the country a step forward," he said.
The minister highlighted various budget announcements and said that all the sectors have been taken care of in the budget.
"The budget also prioritised infrastructure development and a proper roadmap has been laid out in the budget. The priority was also given to the health sector with a vision to include more poor people under the Ayushmann Yojana," he said.

Praising the Union budget, Union Minister Dr Mansukh Mandaviya on Sunday said that the budget aims to make a healthy economy by setting a proper roadmap with a long-term vision.

Total Budget outlay for FY26 is 9.8 per cent higher than last year's Rs 7.36 trillion

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

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After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
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Auto Sector news: Highlights of the day, Dec 23

Auto Sector news: Highlights of the day, Dec 23

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