NEWS 1: TWITTER HAS REVEALED THE NEW CEO PARAG AGARWAL AFTER Jack Dorsey decided to step down as Twitter CEO
Parag Agrawal, who until now was the social media giant's Chief Technical Officer, had been picked by the Twitter board to replace jack dorsey
parag was also an iit bombay under graduate and after he completed his doctorate at stanford university
NEWS 2: IN INDIA CRYPTO CURRENCY IS SAID TO BE DISCUSSED IN PARLIMENT AFTER CABINET APPROVAL
The government
will soon bring in a new Bill on cryptocurrency after it is approved by the
Union Cabinet, said Finance Minister Nirmala Sitharaman on Tuesday in the Rajya
Sabha.
A Bill on
Cryptocurrency and Regulation of Official Digital Currency for introduction in
the Lok Sabha has been included in the Lok Sabha. as part of the
government business expected to be taken up during the ongoing winter session.
The Bill seeks to create a facilitative framework for the creation of the
official digital currency to be issued by the Reserve Bank of India for
the ongoing winter session of Parliament. It also seeks to prohibit all
private cryptocurrencies in India, however, it allows for certain
exceptions to promote the underlying technology of cryptocurrency and its uses.
cNEWS 3: STARLINK STOPS TAKING PRE ORDERS IN INDIA AFTER RECIEVING WARNING FROM DOT
Elon Musk-backed Starlink has seemingly stopped taking pre-orders in India. The development comes shortly after the Department of Telecommunications (DoT) had warned that the company has not acquired licenses to provide the services in the country. The company did not announce the move exclusively but is not accepting any pre-orders through its website, which were made available for users in February earlier this year. The company had noted that there were already over 5000 pre-orders for the service in India as of October 1.
NEWS 4: REDMI K50 SERIES TO FEATURE BOTH MEDIATEK DIMENSITY AND SNAPDRAGON PROCESSOR
Redmi K50 series is said to be in development. As per a tipster, the upcoming Redmi K-series flagship smartphones will be powered by four different processors — two from MediaTek and two from Qualcomm. The tipster also mentions that all four models of the Redmi K50 series will come with the new MIUI 13 pre-installed. The two MediaTek chipsets mentioned are MediaTek Dimensity 7000 and Dimensity 9000.
but still the had not launched dimensity 7000 and 9000 processer the companies will launch both mediatek and snapdragon processors at end of december (source:twitter)
NEWS 5:OPPO ENCO FREE 2 IS SAID TO BE LAUNCH IN INDIA
Oppo Enco Free 2 and Oppo Enco Air Lite true wireless stereo (TWS) earphones' launch in India seems imminent. Ahead of their launch, these TWS earphones have been spotted on Oppo's HeyMelody app in India. It is speculated that Oppo may launch either the Oppo Enco Free 2 or the Oppo Enco Air Lite TWS earphones alongside the vanilla Oppo Reno 7, Oppo Reno 7 Pro, and Oppo Watch Free in India sometime in January. Oppo Reno 7 series was launched in China earlier this month.
NEWS 6: LIC CAN HIKE KOTAK STAKE TO 10%
he RBI has allowed LIC to hike its stake in Kotak Mahindra Financial institution to as much as 9.99% from the present 4.96%. Kotak Mahindra Financial institution’s shares rose 3% following the announcement.
The RBI’s permission comes within the wake of the central financial institution finalising new norms on possession of personal banks the place it clarified that non-promoters can be allowed to carry as much as 10% for people and non-financial establishments. Analysts really feel that that is an enabling provision to make sure that the insurance coverage big will not be in breach of norms.
The RBI requires prior permission earlier than traders purchase greater than 5% stake in a financial institution. At present ranges, LIC was very near the 5% restrict. In an change submitting, Kotak Mahindra Financial institution mentioned that it has obtained an intimation from LIC of the approval, which is legitimate for a year
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