From the new UP social media policy to Nvidia’s $50 Bn share buyback, here are the top 11 news stories across business, global events, tech, and more
#LatestNews⚡️
UP social media policy: Now, earn up to ₹8 lakh a month for promoting govt schemes, check details
If you are a social media influencer in Uttar Pradesh here is some good news. The Yogi Adityanath government has introduced a new social media policy under which, depending on your number of followers, you can earn up to ₹8 lakh a month for promoting the UP government’s schemes on YouTube, Facebook, Instagram and X.
The policy, however, also has a provision for strict legal action, including life terms and fines, for objectionable content like indecent, obscene or anti-national posts and videos. But more on that later.Here are all the categories under which the Uttar Pradesh government has divided compensation for influencers to improve government scheme ads:
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Nvidia board approves $50 billion share buyback
The board of chip manufacturer Nvidia Corp. has approved a buyback of its equity shares worth $50 billion. The announcement was made along with the company’s quarterly results.
Nvidia has returned $15.4 billion to shareholders in buybacks and dividends so far in the first half of its fiscal 2025. As part of the current repurchase plan, the company still has $7.5 billion worth of stock to buyback.The $25 billion share buyback was announced by Nvidia last year along with its second quarter results.Nvidia’s buyback announcement came after the street was left disappointed with its earnings report and guidance for the current quarter.
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IndiGo shares worth over $1 billion traded in a block deal, Rakesh Gangwal likely seller
As many as 2.3 crore shares or 6% equity of InterGlobe Aviation, worth $1.3 billion (₹11,000 crore), changed hands at ₹4,760 per share on Thursday, August 29. The official buyers and sellers of the transaction are not yet known.
Earlier today, sources told CNBC-TV18 that the block size was increased from ₹6,750 crore to ₹10,300 crore.
The airline’s co-founder Rakesh Gangwal was likely to sell up to 5.8% stake, the sources said.As per data available on the Bombay Stock Exchange, Gangwal and his various entities held around 20% stake in InterGlobe Aviation at the end of June 2024.
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Passport Seva Online portal down until September 2 — Here’s why
The Passport Seva portal will be shut for five days starting August 29, the official X handle of the portal shared in a post. A Ministry of External Affairs (MEA) notice said that the site will be down for technical maintenance.
No fresh appointments can be scheduled during this period and previously booked ones will be rescheduled.
“Passport Seva portal will be down for technical maintenance from 29th August 2024, Thursday 20:00 hrs IST to 2nd September, Monday 06:00 hrs IST. System will not be available during this period for citizens and for all MEA/RPO/BOI/ISP/DoP/Police Authorities. The already booked appointments for 30th August 2024 will be suitably rescheduled and informed to applicants,” the notice read.
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#TechTalks📱
Alphabet to relaunch Gemini’s image generator with enhanced accuracy after months-long pause
Alphabet on Wednesday, August 28, announced that it has updated its Gemini AI image-creation model and plans to reintroduce the capability to generate visuals of people in the coming days. This follows a months-long pause that began in February after the tool faced criticism for producing historically inaccurate depictions.
The pause was initiated after users flagged issues with Gemini’s image generator, particularly its tendency to inaccurately represent historical figures. For instance, the model mistakenly replaced white individuals with people of color in images of figures such as the U.S. Founding Fathers, Nazis, and 1943 German soldiers.
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TECNO unveils ‘tri-fold’ smartphone concept, PHANTOM ULTIMATE 2
TECNO has introduced its latest innovation, the PHANTOM ULTIMATE 2, a tri-fold smartphone designed to enhance the large-screen experience in a compact form. The device is not for commercial sale just yet, with no date expected anytime soon.
When folded, the device measures 11mm thick.
The PHANTOM ULTIMATE 2 features a 10-inch screen that utilises TDDI technology, marking its debut in foldable devices.
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#DailyData📈
Gun Ownership in USA
#PersonalFinance💰
Flipkart-backed super.money, Utkarsh Small Finance Bank partner to launch credit card with limit as low as ₹90
Backed by Flipkart group, super.money, has partnered with Utkarsh Small Finance Bank to introduce a new co-branded RuPay credit card. This is significant step in the integration of credit cards with UPI.The card, named superCard, is a global first and is designed to accommodate a wide range of users by offering a credit limit that starts as low as ₹90 and goes up to ₹9 lakh.
This new product is aimed at expanding access to credit across different segments. Users can obtain the superCard by making a deposit that starts at just ₹100. The deposit not only backs the credit card but also earns interest. This will allow cardholders to benefit from both credit access and returns on their savings.
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Visa partners with CRED to launch in-app card payments with device tokenisation: How to use it
Visa, a global leader in digital payments, has partnered with CRED to introduce a new in-app card payment feature. This feature, built on device tokenisation, offers a secure and seamless transaction experience. It is currently available exclusively to CRED members. The new feature allows CRED members to tokenise their Visa cards on trusted devices. Once tokenised, these cards can be used across various merchant apps that offer CRED Pay as a payment option. This eliminates the need to re-tokenise with each merchant. The feature is live for Android users and will soon be available for iOS.
Affluent consumers expect more than just frictionless experiences; they seek something special. Our new feature with Visa elevates the checkout process, offering secure and fast payments for our members, said Kunal Shah, founder, CRED.
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#ExpertEdge 💡
How to make electric vehicles truly green — here are the challenges and solutions
The global shift towards electric vehicles (EVs) is often lauded as a critical strategy in the fight against climate change, with the potential to drastically reduce carbon emissions and lessen our dependence on fossil fuels.
According to projections by the International Energy Agency (IEA), the number of electric cars, buses, vans, and heavy trucks on the road is expected to reach 145 million by 2030.
While this surge in EV adoption marks significant progress, it also brings to light critical environmental challenges that must be addressed. To truly contribute to a sustainable future, the EV industry must not only focus on reducing tailpipe emissions but also consider the environmental impact of the entire lifecycle of these vehicles, from production to disposal.
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#podcast🎧
Source : CNBCTV18