Month: September 2021

Delhi announces new power tariff, rates unchanged but bill may go up marginally

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Power regulator DERC on Thursday announced new tariff for Delhi but did not raise the rates, saying it did not see any “good reasons” to do so. However, the power bill for consumers may increase marginally from October 1 as the Delhi Electricity Regulatory Commission (DERC) has increased the pension surcharge from 5 percent to 7 percent.

“After considering all the relevant factors, the Commission has come to the conclusion that there are no good reasons to make any increase in the existing tariff structure,” the DERC said in a statement. Delhi Chief Minister Arvind Kejriwal said in a tweet there was no revision in Delhi consumers’ bill for the 7th year in a row.

“Congratulations Delhi. No revision in electricity bills for 7th year in a row. On the one hand the electricity rates are skyrocketing, Delhiites in the other hand are not only getting 24-hour electricity but also free of cost upto 200 units,” he tweeted in Hindi.

The DERC in its tariff order for 2021-22 kept the electricity rates per unit and the fixed charges same as last year for different categories of consumers including domestic ones.

“We believe it’s a very good power tariff order. In the given situation, we tried to balance equity of all stakeholders and would like to do even better next time,” DERC chairman Justice (retd) Shabihul Husnain told PTI. Last fiscal (2020-21) also, the DERC did not hike electricity rates citing the COVID pandemic.

Although it raised pension surcharge this fiscal from 5 percent to 7 percent, it kept the levy of Regulatory Asset Surcharge of 8 percent unchanged in 2021-22. The regulatory asset (revenue gap) surcharge is levied on the consumers of power discoms in Delhi. “The hike of 2 percent pension surcharge which is imposed on base tariff — per unit consumption and fixed charges — will have nominal effect on a smaller category of users because bulk of them who consume upto 200 units are covered by free electricity scheme of Delhi government,” a source in the DERC said.

Power tariff in Delhi has not witnessed any major increase since the Aam Aadmi Party came to power in 2015. Ruling party leaders claim the electricity rates in the city are “cheapest” in the country. Before the tariff revision, Delhi’s power discoms — BSES Rajdhani Power Limited (BRPL), BSES Yamuna Power Limited (BYPL) and Tata Power Delhi Distribution Limited (TPDDL) — had petitioned the DERC demanding a hike to mitigate the losses due to COVID-19.

The accumulated revenue gaps (regulatory assets) of the Delhi discoms crossed Rs 50,000 crore, reaching Rs 51,646 crore by the end of March this year, sources said. The discoms in their revised projected revenue gap for 2021-22 also factored in the COVID-19 impact this year. As per their petitions with DERC, the projected revenue gap for 2021-22 is Rs 3,577 crore for BRPL, Rs 1,945 crore for BYPL and Rs 1,844 crore for TPDDL.

The power tariff for a financial year is usually announced by DERC before April. However, it was delayed this year due to the pandemic and retirement of Justice Husnain’s (retd) predecessor. In the new power tariff order, the DERC has encouraged green power by providing waiver of Service Line cum Development (SLD) and Network Augmentation charges for all renewable energy projects to developers under the Virtual & Group Net Metering mode. In order to promote pollution-free transportation and clean environment, the commission has decided to continue with the existing subsidised tariff rates for e vehicles.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Foreign exchange reserves rise $34.1 billion in June quarter: RBI data

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The country’s foreign exchange reserves in nominal terms, including valuation effects, increased by USD 34.1 billion during the June quarter compared to USD 27.9 billion in the year-ago period, RBI data showed on Thursday. The valuation gain, reflecting the depreciation of the US dollar against major currencies and increase in gold prices, amounted to USD 2.2 billion during the April-June 2021 period. In the year-ago period, the same was at USD 8 billion.

The Reserve Bank of India (RBI) on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during April-June 2021. On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by USD 31.9 billion during the June quarter compared to the same period a year ago.

Also Read: Citi expects 15 bps reverse repo hike in October 8 RBI monetary policy

The current account balance recorded a surplus of USD 6.5 billion in the first quarter of fiscal 2022 as against a surplus of USD 19.1 billion in the year-ago quarter. The capital account surplus stood at USD 25.4 billion in the April-June period compared to a surplus of USD 0.8 billion in the same quarter of the previous fiscal, the data showed.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Google’s next-level AI looks to improve search with focus on images and videos

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Google recently said it will use artificial intelligence (AI) to improve its search functionalities for users. The company’s Google Search engine facilitates nearly 100,000 searches every second for users across the world, but the company will now be improving its search functionality with a focus on visuals.

The tech company demonstrated several of its new search functionalities during the Search On event’s livestream. One of the key changes is the use of a new technology called Multitask Unified Model (MUM) to improve search. The technology was first announced in May and built with the aim to improve search results for complex questions and tasks.

“MUM has the potential to transform how Google helps you with complex tasks. MUM uses the T5 text-to-text framework and is 1,000 times more powerful than BERT. MUM not only understands language, but also generates it. It’s trained across 75 different languages and many different tasks at once, allowing it to develop a more comprehensive understanding of information and world knowledge than previous models,” Pandu Nayak Google Fellow and Vice President, Search, explained in a blog post.

Also read: AI: From a knowledge-based economy to automation-based economy

Bidirectional Encoder Representations from Transformers (BERT) is a tool that allows Google to better understand the context of words used in a search. “And MUM is multimodal, so it understands information across text and images and, in the future, can expand to more modalities like video and audio,” Nayak added.

It is this capability of understanding images and videos that make MUM invaluable for the next leap in Google’s search capabilities. For example, Google highlighted how users will now be able to just take a picture of an object using Google Lens and find the relevant search results for it.

“Your bike has a broken thingamajig, and you need some guidance on how to fix it. Instead of poring over catalogs of parts and then looking for a tutorial, the point-and-ask mode of searching will make it easier to find the exact moment in a video that can help,” the company explained in a new blog post.

MUM is also going to be instrumental in the new design for Google Search. A new section that users will get to see is the ‘Things to Know’ section, where Google will give out more results that give you a chance to learn more about a new topic.

Google will also be able to now give suggestions for related topics to a video that you are watching. MUM will help Google to find related topics to your current videos, even if those topics aren’t explicitly mentioned in the video itself.

With Google, and particularly YouTube being a trove of knowledge for the millennials and Gen Z, the advanced AI will only improve the search functionality of the ubiquitous search engine.

A ‘Think with Google’ study found that teenagers were regularly using YouTube to teach themselves new subjects, and while penetration of the same behaviour is lower in older age demographics, the use of YouTube as a platform for both entertainment and knowledge is well documented.

Also read: View: Are our fears of artificial intelligence justified?

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top News Podcast: NCLT directs Zee to consider holding EGM; Jhunjhunwala earns Rs 160 cr; Bengal by-polls and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The National Company Law Tribunal (NCLT) on September 30 directed Zee Entertainment Enterprises Ltd (ZEEL) to hold a board meeting to consider Invesco’s request for convening an Extraordinary General Meeting (EGM).

Meanwhile, Sensex and Nifty fell for the third day in a row. However, a stock owned by Rakesh Jhunjhunwala surged 45 percent in a month making the ace investor richer by Rs 160 crore.

In this edition of the Top News Podcast, CNBCTV18.com’s Kanishka Sarkar also talks byelections on three Bengal assembly seats, including the one on which Chief Minister Mamata Banerjee is contesting, and more on politics in Punjab.

Tune in to Top News Podcast for more
In case you have any queries or suggestions, please write to us on cnbctv18podcast@nw18.com. 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top News of Sep 30: Ola Electric raises over $200 mn funding, no end to Punjab crisis in sight and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Ola Electric on Thursday said it has raised over USD 200 million (about Rs 1,484.7 crore) in funding from Falcon Edge, SoftBank and others, valuing the electric vehicle maker at USD 3 billion (about Rs 22,272 crore). The headline index has surged over 3 percent this month, but this is nothing compared to that of a stock owned by ace investor Rakesh Jhunjhunwala. It is up 45 percent this month. For all these stories and everything in between, here are some top news of the day

BUSINESS/ECONOMY

Ola Electric raises over $200 mn funding, valuation touches $3 bn

Ola Electric on Thursday said it has raised over USD 200 million (about Rs 1,484.7 crore) in funding from Falcon Edge, SoftBank and others, valuing the electric vehicle maker at USD 3 billion (about Rs 22,272 crore). Continue Reading

HDFC Bank didn’t flag forgery but levied fees, alleges whistleblower

September auto sales preview: Street expects mixed bag

MARKETS

Indian market a little overextended; positive on financial space: William O’Neil 

Indian Overseas Bank shares hit 20% upper circuit after RBI removes lender from PCA framework

UBS downgrades Bharti Airtel, Indus Towers, here’s why

INTERNATIONAL

Powell defends Fed policies, says inflation may persist

Federal Reserve Chair Jerome Powell on Wednesday defended the ultra-low interest rate policies he has pursued since the pandemic decimated the economy more than 18 months ago. Continue Reading

US, EU agree to work on chip supplies, tech rules, China trade

The United States and European Union agreed on Wednesday to deepen transatlantic cooperation to strengthen semiconductor supply chains, curb China’s non-market trade practices and take a more unified approach to regulating big, global technology firms. Continue Reading

US unemployment claims rise third straight week to 362,000

The number of Americans applying for unemployment benefits rose for the third straight week, a sign that the highly contagious delta variant may be slowing the job market’s recovery. Continue Reading

INDIA

Centre exempts COVID-19 vaccine from customs duty till December 31

The government has exempted customs duty on COVID-19 vaccines for three months till December 31, which will boost domestic availability and make them cheaper. Continue Reading

Leaving Congress but not joining BJP: Amarinder Singh

Scotching speculation, former Punjab Chief Minister Amarinder Singh on Thursday made it clear that he was not joining the Bharatiya Janata Party (BJP) but said he had no intention of continuing in the Congress, which he said was going downhill with senior leaders being completely ignored. Continue Reading

Bhabanipur bypoll: Why Mamata Banerjee must win the seat

All eyes are on South Kolkata’s Bhabanipur seat from where Chief Minister Mamata Banerjee is contesting against her Bharatiya Janata Party rival Priyanka Tibrewal. Continue Reading 

YOU & I

This Rakesh Jhunjhunwala owned stock has surged 45% in a month and made him 160 crore richer

The headline index has surged over 3 percent this month, but this is nothing compared to that of a stock owned by ace investor Rakesh Jhunjhunwala. It is up 45 percent this month, beating the 30-scrip index by a huge margin. Do you own this stock?

Gatherings, including Raamleela celebrations, allowed in Delhi this year

The Delhi Disaster Management Authority (DDMA) on Wednesday decided to allow gatherings, including Ramleela celebrations, during the upcoming festival season with strict compliance to COVID norms, official sources said. Read more

PPF, other small savings schemes interest rates kept unchanged for December quarter

The government has kept the interest rates of small savings schemes unchanged for the quarter ending December 31, 2021. The rates have been kept stable for the sixth quarter in a row. Continue Reading

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Chamath Palihapitiya, a Tesla bull, says he sold his position in the company 

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Chamath Palihapitiya, Social Capital Founder and CEO and former Facebook executive, revealed that he sold his Tesla position last year. Palihapitiya has been bullish on Tesla for some time but exited his bet after last year’s stratospheric rise in Tesla shares. The high prices allowed him to generate cash to fund his other ideas.

“I don’t have an infinite pool of capital. So when I have these ideas, the money has to come from somewhere,” Palihapitiya said on September 29 at CNBC’s Delivering Alpha conference.

Tesla shares had been trading just under $90 at the start of 2020, before rising to $900.40 earlier this year. Tesla last closed at $781.31, an increase of 743 percent. Tesla’s stock rose through investor sentiments, robust demand for alternatives to fossil fuel cars, and a preference for growth-oriented companies.

Palihapitiya had said in January that he believed that Tesla could easily double or triple again in stock value due to its “distributed energy business” and the upcoming changes in energy infrastructure towards cleaner energy. While Palihapitiya said he was somewhat wrong about Tesla’s growth opportunities, as he “completely underestimated” the EV market, he was still bullish on Tesla’s growth.

“When you see it now, the market has flipped. … Tesla will be very busy just being a best-in-class EV company,” he said.

But while Palihapitiya has expressed his confidence in Tesla, many others are not so sure about the Elon Musk-led company. Michael Burry, the legendary investor who predicted the real estate bubble collapse of 2008 and made $800 million off of it, has put options on 1.1 million shares of Tesla worth $731 million at the end of June. The put options from Burry’s Scion Asset Management are based on a bearish bet where if the price of Tesla shares falls before the expiration of the put contract, they stand to earn considerable profits.

Also read: Govt wants Tesla to come to India; Revenue Department yet to decide on duty cut

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

TCS board to consider second interim dividend, announce Q2FY22 results on October 8

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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IT services major TCS on Thursday said its board will announce the financial results for the quarter ending September 30, 2021, on October 8. Along with that, the board may also declare a second interim dividend on the same day to the equity shareholders.

It is expected that the board will approve and take on record the audited consolidated financial results and standalone financial results of the firm and its subsidiaries as per Indian Accounting Standards (INDAS) for the second quarter and half year ending September 30, 2021.

“…Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Friday, October 8, 2021, to i. approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and six months ending September 30, 2021,” TCS said in a filing to BSE.

Also Read: TCS shares take a breather after IT giant enters $200 billion mcap club

“The second interim dividend, if declared, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, October 19, 2021, which is the Record Date fixed for the purpose,” the company noted.

In line with Sebi regulations, the company has intimated its ‘designated persons’ regarding the closure of the Trading Window for trading in the company’s equity shares from September 23, 2021, till the expiry of 48 hours from the date the said financial results are made public.

Also Read: TCS, Wipro among five companies shortlisted for implementation of data analytics projects: Sebi

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Amazon clarifies to govt on reported legal fee; says expense includes professional fee

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Amazon has clarified to the government on its reported legal fee, saying the expense includes professional fee as well, according to sources. The clarification came after reports that Amazon spent about Rs 8,546 crore or USD 1.2 billion in legal and professional expenses during 2018-20 in the country.

According to sources, Amazon has written to Commerce and Industry Minister Piyush Goyal, saying these reports are inaccurate and “appears to stem from a misunderstanding” of some filings, in particular a “legal and professional expense” line item that includes substantial non-legal expenses. The letter, a copy of which was seen by PTI, was sent by Amazon Seller Services, the marketplace entity of the e-commerce giant in India on September 28.

E-mails sent to Amazon did not elicit any response. The letter also noted that these reports “incorrectly suggested” that an entity called Amazon India Ltd is an Amazon subsidiary, and have improperly attributed its legal expenses to Amazon.

Amazon India Ltd is neither an Amazon subsidiary nor connected with Amazon in any way, the sources said. The e-commerce giant, which is said to be investigating alleged bribes paid by its legal representatives in India, said it is committed to conducting business legally and ethically in India in accordance with its Code of Business Conduct and Ethics and all applicable laws.

“We expect the same from all of our employees and can assure you that we investigate all allegations of misconduct fully,” it added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Trade setup for Oct 1: Will Nifty50 slip to 17,500? Key market cues before Friday’s session

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks extended losses to a third straight day in a volatile session on Thursday, as traders rushed to settle their positions ahead of the expiry of monthly derivatives. With that, the Nifty50 index took its loss to 1.3 percent in three days, finishing the month down 2.8 percent.

So, what do the charts suggest for Dalal Street?

The 50-scrip index formed a small negative candle on the daily chart, in a signal that weakness could extend to the next session, said Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The market failed to confirm the formation of a bullish high wave type pattern of the previous day, he said.

ALSO READ: As Street pins hopes on festive season, all eyes on auto sales

Medium-term structure positive

“Investors booked profit on the expiry day due to lack of fresh triggers and tepid global cues. Nifty has formed a lower top formation on the daily chart, which is largely negative. However, the medium-term structure is still positive,” said Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities.

Here are key things to know about the market before Friday’s session:

SGS Nifty

At 8:14 am on Friday, Nifty futures trading on Singapore Exchange — an early indicator of the Nifty index in India — were down 154.5 points or 0.9 percent at
17,447.5, suggesting a gap-down opening ahead on Dalal Street.

Global markets

Equities in other Asian markets followed Wall Street sharply lower as risk sentiment soured amid growing worries about inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan was last seen trading half a percent lower  while Japan’s Nikkei 225 index was down 0.9 percent. Chinese markets were closed for the Golden Week holiday.

S&P 500 futures were down 0.5 percent in early Asian trade, hinting at a negative start in the US on Friday, a day after the S&P 500 index posted its worst month since the onset of the pandemic.

ALSO READ: A look at Wall St’s wildest days in past 10 years

What to expect on Dalal Street

HDFC Securities’ Shetti said there is a possibility of it hitting the next support level of 17,475 amid rangebound action in the next 1-2 sessions. He, however, added that there is a higher possibility of the emergence of buying interest from lower levels.

Rahul Sharma, Co-Founder of Equity99, said: “The market is expected to fall further as it is in a consolidation mode.” He expects automobiles, banking, real estate and telecom stocks to be in focus on Friday.

Key levels to watch out for

Nifty50: The level of 17,700 could act as strong resistance for the index, below which, the correction could continue up to 17,500-17,450 levels. An immediate hurdle beyond 17,700 will be 17,750. Any revival in the market could lift the index to the 17,800 mark, according to Chouhan.

Sharma expects immediate support at 17,575, followed by 17,525, and bigger support at 17,450. He sees resistance still at 17,720, followed by 17,800.

Bank Nifty: Support for the banking index is placed at 37,175, followed by 37,000-36,800 levels, and an immediate hurdle seen at 37,500, Sharma said.

FII/DII activity

Foreign institutional investors (FIIs) withdrew a net Rs 2,225.6 crore from Indian equities on Thursday. Domestic institutional investors (DIIs), however, made net purchases of Rs 97.2 crore, exchange data showed.

Call/put open interest

While the maximum call open interest is placed at the strike price of 18,000, there is high accumulation at 17,700. On the other hand, the maximum put open interest is at 17,600, and next at 17,500 followed by 17,400, NSE data shows. This suggests immediate resistance can be expected at 17,700 and support comes in at 17,600, followed by 17,500.

Long build-up

Here are five stocks that saw an increase in open interest as well as price, suggesting a build-up of long positions:

Long unwinding

(Decrease in open interest and price)

Short-covering

(Decrease in open interest and increase in price)

Short build-up

(Increase in open interest and decrease in price)

52-week highs

Indian Oil, Canara Bank, Titan, Grasim, Hindalco, Allcargo, Eveready, IEX, IDBI, Tata Power, Tata Chemicals, Tata Investment were among the BSE 500 stocks that clocked 52-week highs. 

52-week lows

CarTrade Tech, Krsnaa and Suvidhaa Infoserve were among the 20 stocks that hit the trough.

Volatility gauge

NSE’s India VIX index — which measures the expectation of volatility in the near term —  eased 2.3 percent to 18.4 on Thursday, having moved within a 17.2-19.1 range during the choppy session.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Vivo rolls out flagship X70 series with Zeiss lens in India; check details

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Vivo has officially launched the X70 series in India. Vivo continues its partnership with Zeiss for the camera and promises better clarity and natural images. The Vivo X70 series offers two models — X70 Pro and X70 Pro+. The smartphones will go on sale in India from October 7. Pre-bookings have already began online.

While Vivo X70 Pro with 8 GB RAM + 128 GB starts at Rs 46,990, the other one with 8 GB RAM + 256 GB will cost Rs 49,990. The 12 GB RAM + 256 GB will be priced at Rs 52,990. The product will hit the market on October 7 this year.

Vivo X70 Pro+ will be priced at Rs 79,990 for the 12 GB RAM + 256 GB variant. This model will be available from October 12.

Features and specifications

Vivo X70 Pro with a 6.56 inch full HD+ AMOLED display comes in two colours — Aurora Dawn and Cosmic Black. The device powered by MediaTek Dimensity 1200 processor has 32 MP camera in the front and a 50MP camera at the back along with two 12 MP cameras and 8 MP periscope lens.

The device gets a fluorite AG coating for smooth surface that remains clear of fingerprints. Zeiss, with whom the firm had partnered with offers a tailor-made portrait mode for its users, Pro cinematic mode, and extreme night vision mode. The mobile is backed with 4,450 mAh battery.

Vivo X70 Pro+ comes with a bigger display of 6.78 inch Ultra HD+ AMOLED display. The model is powered by Snapdragon 888+ processor. The 50 MP camera on its back comes with a primary shooter, a Samsung’s GN1 sensor and the latest Gimbal stabilisation technology.

Other cameras include a 48 MP with wide angle lens, 12 MP for portraits and 8 MP periscope camera. The mobile is configured with V1 imaging chip for better gaming and camera performance. The device is backed with 4500 mAh battery with wireless fast charger sold separately.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow