Smartphone maker Xiaomi is working to increase its offline presence in India to regain lost market share in the country, The Economic Times (ET) reports. This is a shift from its earlier online-centric strategy that made Xiaomi the number one mobile seller in the country.

Citing data from Counterpoint Research, the report said that Xiaomi India has registered a 44 per cent decline in its sales in the first quarter of 2023. The company is looking for more than a dozen employees with expertise in strengthening its offline market presence to manage this situation.

Shares of Deepak Nitrite (DNL) moved higher by 6 per cent to Rs 2,058.70 on the BSE in Wednesday's intra-day trade after the company announced Rs 5,000-crore capex plan in Gujarat.

The stock was trading at its highest level since December 2022. It hit a 52-week high of Rs 2,355.55 on November 3, 2022.

Although inflation has moderated of late, India's fight against it is not over yet, and there is no room for complacency, Shaktikanta Das, governor of the Reserve Bank of India (RBI), said at an event on Wednesday.

"The war on inflation is not over. We have to remain alert and there is no cause for complacency. We will have to see how El Nino plays out," he said at the Confederation of Indian Industry Annual Session 2023.

A day after UPSC released its results for the civil services exam, two women with the same name and same roll number have claimed they cracked the coveted exam. Both the women are from Madhya Pradesh and have allegedly scored 184th rank. The family members of both the women are celebrating their success.

A woman named Ayesha scored 184th rank in the UPSC exam. As soon as the result came out, two families started celebrations. One woman is named Ayesha Fatima, daughter of Nazeeruddin, a resident of Dewas. The other woman is from Alirajpur, daughter of Saleemuddin.

Adani Green Energy is ready to approach its board of directors to raise an investment ranging from Rs 6,150 crore ($750 million) to Rs 8,200 crore ($1 billion), a report published in The Economic Times (ET) said. The report said that the sum would be raised through the qualified institutional placement (QIP) route.

Previously, on May 13, two Adani Group companies, Adani Enterprises and Adani Transmission, received the approval of the board to raise Rs 12,500 crore and Rs 8,500 crore, respectively.

Gold price fell Rs 310 in Wednesday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 61,100, according to the GoodReturns website. The price of silver, on the other hand, declined Rs 500 to Rs 74,500 per kilogram.

The price of ten grams of 22-carat gold fell Rs 290 to Rs 56,000.

A power tussle appears to be surfacing early in the newly formed Congress government in Karnataka. The CM post sharing formula between Siddaramaiah and DK Shivakumar that was reported by multiple outlets earlier has been put in doubt after a stunning claim by Karnataka cabinet minister MB Patil.

Days after the Karnataka cabinet swearing-in ceremony, Patil triggered tensions by claiming that there is no power sharing formula in place and CM Siddaramaiah will stay CM for a full term of 5 years. The statement could not have gone down well with Deputy CM DK Shivakumar camp.

Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, a report by news agency IANS said on Tuesday. Although Parks and Resorts remain largely untouched, no particular division is being targeted by pink slips this week, it said.

As a part of a cost-cutting measure, the company began removing dozens of titles from its streaming platforms this week. According to the report, the television division, which was hit hard in the second round of job cuts, is largely spared this time with a small number of layoffs.

Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday launched the facility for users to make United Payments Interface (UPI) payments with RuPay credit cards. With this, users will now be able to link their RuPay credit cards with Google Pay to pay at all online and offline merchants where RuPay credit cards are accepted.

This is in line with the Reserve Bank of India (RBI)'s decision to allow the linking of RuPay credit cards to the UPI platform in June 2022.

Meta founder and CEO Mark Zuckerberg on Monday announced an ‘edit sent message’ feature for WhatsApp. From now, users on the instant messaging platform would be able to edit sent messages within 15 minutes of sending them.

Elaborating on the update, WhatsApp in a blog post said that the edit feature has been rolled out to users globally and the same will be available in the coming weeks. The feature is intended to give users a chance to fix spelling mistakes in their messages and thus comes with a time-cap of 15 minutes.

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