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PMI Data: Service sector continues to grow in August, sales reach highest level in 13 years

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SP Global India Services PMI August 2023 Due to new export orders in August, the service sector continued to boom. It stood at 60.1 in August. The PMI data for the services sector has remained above 50 for 25 consecutive months. PMI data above 50 shows that the service sector is growing.

New Delhi, Agency. S&P Global India Services PMI August 2023: There has been a slight decline in the pace of India’s service sector in August and it came down to 60.1 which was 62.3 in July. However, the growth rate in new orders still remains at an upper level. This information came to the fore in a private survey.

In the PMI data of the service sector of S&P Global India, it was told that companies are increasing in new export business. Accordingly, companies are increasing their workforce. For this reason PMI data remains the strongest since 2010.

Growth in service sector since 25 months

The PMI data for the services sector has remained above 50 for 25 consecutive months. PMI data above 50 shows that the service sector is growing. A reading below 50 indicates a decline.

Pauliana de Lima, Director of S&P Global Market Intelligence, said that India’s service companies have achieved a milestone. Along with this, there has been a record increase in exports. Good orders are being received from Asia Pacific, Europe, North America and Middle East. The sales figure has been the best in the last 13 years due to international orders.

What is S&P Global India Services PMI Survey?

S&P Global India Services PMI data is derived by surveying 400 companies on behalf of S&P Global. Companies with all types of workforce are included in this panel on the basis of contribution to GDP. This data is being released since December 2005.

Nazara Tech receives funding of around Rs 100 crore from Kamath Associates, shares rise 10 percent

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Team Happen Recently
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 Nazara Tech Company proposes to issue 1.4 Million Equity Shares to M/s Kamath Associates and M/s NKSquared at a price of Rs 714 per equity share.  These equity shares will be locked for a period of 6 months from the date of issue.  The news of getting fresh funds of Rs 99.99 crore has seen a good rally in the shares of Najara Tech.

Online gaming and sports company Nazara Technologies on Monday said it plans to raise around Rs 100 crore from Kamath Associates and NKSquared to meet its growth and funding needs.

 In its board meeting held on September 4, Nazara has approved the proposal to issue 7,00,280 shares worth Rs 99.99 crore to Kamath Associates and NKSquared, a regulatory filing said.  Let us tell you about this news in more detail.

Gaming and sports media platform Nazara today said its board has approved preferential allotment of equity shares to raise up to Rs 100 crore, subject to necessary approvals.  The company is proposing to issue 1.4 million equity shares to M/s Kamath Associates and M/s NKsquared at a price of Rs 714 per equity share.  These equity shares will be locked for a period of 6 months from the date of issue.

najara tech share

 There has been a good rise in the shares of Nazara Tech due to the news of getting a new fund of Rs 99.99 crore.  Today i.e. on Monday, the company’s shares were 10 percent higher at Rs 832.70 on BSE.  Let us tell you, it had issued shares in the initial public offering (IPO) at a price of Rs 1,101 per share.  The stock hit a record high of Rs 1,678 on October 11, 2021.  It had hit a low of Rs 475.05 on June 22, 2022.

Power Consumption: Increase in power consumption in the country, 151.66 billion units spent in August

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Team Happen Recently
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Power Consumption:

 Due to the humid weather in August last month, power consumption has increased.  Electricity consumption increased by over 16 per cent to 151.66 billion units in August.  And according to government data, power consumption was 130.39 billion units (BU) during the same period a year ago.  Whereas in August 2021 it was more than 127.88 BU.

In August this year, the country’s electricity consumption increased by more than 16 percent to 151.66 billion units as compared to the same month last year.  The main reason for this is the increased use of coolers and ACs during humid weather.

 Let us tell you that according to government data, electricity consumption in the same period a year ago was 130.39 billion units (BU).  Whereas, in August 2021 it was more than 127.88 BU.

Increase in demand for electricity

 The excess supply of electricity in the country has increased to 236.59 GW in August 2023.  At the same time, it was 195.22 GW in the year 2022 and 196.27 GW in August 2021.

Why the demand for electricity increased

 The power ministry had estimated that the country’s electricity demand would reach 229 GW during the summer season.  This year, due to unseasonal rains in April-July, the demand did not reach the expected level.  At the same time, in June the power supply touched a new high of 223.29 GW and in July it stood at 208.95 GW.

 Industry experts said power consumption was affected in March, April, May and June this year due to widespread rains in the country.  Apart from this, he believes that along with the consumption of electricity, the demand has also increased in the month of August.  This is mainly due to high humid weather (heat) conditions and also increase in industrial activities before the festive season.

Let us tell you that the maximum power supply touched a new high of 236.59 GW in August and reached a record level of 239.97 GW on September 1, 2023.

 However, the peak power supply in a single day came down marginally to 238.62 GW on Saturday and 223.12 GW on Sunday.  In such a situation, experts believe that the consumption and demand of electricity will remain stable in the coming months.

ASUS Vivobook Go 14 is getting a direct discount of Rs 12,000, you will get a strong processor with 16GB RAM.

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Team Happen Recently
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ASUS Vivobook Go 14:

ASUS Vivobook Go 14 Laptop Discount This great laptop of Asus is available on the official website of ASUS at a starting price of Rs.38990. If you buy it now, you can get a straight discount of Rs 12,000. This laptop is available in 8GB RAM and 16GB RAM storage options. It is available for purchase in Cool Silver Green Gray and Mixed Black.

New Delhi, Tech Desk. If you get a good laptop at a low price then what could be a better deal than this. ASUS, the most popular brand of laptop, is offering an opportunity to buy its Vivobook Go 14 laptop at a very low price.

ASUS Vivobook Go 14:

If you are a student or working, then this is a value-for-money product for you. Earlier this latest laptop used to come with a price of Rs 50,990 but now its price has been cut.

This amazing laptop from Asus is available on the official website of ASUS at a starting price of Rs 38,990. If you buy it now, you can get a straight discount of Rs 12,000. This laptop is available in 8GB RAM and 16GB RAM storage options. Talking about color options, it is available for purchase in Cool Silver, Green Gray and Mixed Black.

The laptop features a 14-inch FHD anti-glare display that offers a 16:9 aspect ratio, 250 nits brightness, and a 60Hz refresh rate. The device comes with a 180-degree hinge for versatile use. It is equipped with 7th generation AMD Ryzen 5 7520U processor and AMD Radeon graphics. The laptop offers up to 16GB of LPDDR5 RAM and 512GB of internal storage. It comes pre-installed with Windows 11 Home.

Features of ASUS Vivobook Go 14

•The laptop has a 14-inch FHD anti-glare display.

•The laptop comes with a 180-degree hinge.

•The laptop is equipped with the 7th generation AMD Ryzen 5 7520U processor.

•The laptop comes with up to 16GB of LPDDR5 RAM and 512GB of internal storage.

•It comes pre-installed with Windows 11 Home.

•It houses a 42WHr battery that supports 45W fast charging.

•The laptop can be charged up to 60% in just 49 minutes.

•The laptop comes with Wi-Fi 6E protocol support.

Nokia G42 5G: Nokia will launch a new 5G smartphone on September 6, 5000mAh battery with 50MP camera

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Team Happen Recently
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Nokia G42 5G Launch Date in India Nokia has shared a video on the social media platform. According to the video shared, the new phone is going to be launched in India on 6th September. Many reports have claimed that this phone could be the Nokia G42 5G. Let us tell you that Nokia G42 is a 5G smartphone with mid-range specification.

New Delhi, Tech Desk. If you are planning to buy a new budget smartphone then there is good news for you. Popular smartphone company Nokia is about to launch a new 5G smartphone on 6 September.

The HMD Global-owned smartphone brand has posted a video teaser of the upcoming smartphone on its social media platforms. The teaser also reveals the launch date of the phone and the curved edges of the device.

Nokia’s new phone will be launched on September 6

Nokia has shared a video on the social media platform. According to the video shared, the new phone is going to be launched in India on 6th September. Apart from the launch date, the company is yet to reveal the specifications of the smartphone. Many reports have claimed that this phone could be the Nokia G42 5G. Let us tell you, Nokia G42 is a 5G smartphone with mid-range specification.

Nokia G42 5G specifications

If Nokia is launching the Nokia G42 5G in India, then the smartphone is tipped to feature a 6.56-inch IPS LCD display with HD+ screen resolution and 90 Hz screen refresh rate. The phone has a Snapdragon 480+ chipset with an Adreno GPU. Depending on the variant, the processor is accompanied by 4GB or 6GB of RAM.

Both RAM variants have 128GB storage, which can be expanded further using a microSD card. The Nokia G42 5G boots near-stock Android 13 out of the box. A 5,000mAh battery with 20W fast charging support powers the device.

Features of Nokia G42 5G

Display: 6.56 Inch IPS LCD Display

Processor: Qualcomm Snapdragon 480+ with Adreno 619 GPU.

RAM and Storage: 4GB/6GB RAM, 128GB internal storage

Software: Android 13.

Rear-facing camera: 50MP primary camera, 2MP macro lens, 2MP depth sensor.

Front-facing camera: 8MP front camera.

Other features: Side-mounted fingerprint sensor, IP52 rating.

Battery: 5,000mAh, 20W fast charging support.

SBI introduces new facility for customers, now this special feature can be used through UPI

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Team Happen Recently
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SBI has started a SBI service to promote digital rupee in the country. This service will help the customers a lot in making UPI payment. The name of this service is e-Rupee by SBI. In this, customers can easily scan the QR code. Let us know about it in detail in this report.

New Delhi, Agency. State Bank of India, the country’s largest government bank, has started a new service to promote digitization. The bank has informed today that it is starting the UPI Interoperability Service. Let us tell you that State Bank of India digital rupee is called Central Bank Digital Currency (CBDC).

After the launch of this service, customers can easily make online payments. Before State Bank of India this service was started by Axis Bank.

Staye Bank of India said in its statement that with this service, the bank aims to provide convenience to its customers. Customers can easily make UPI payments through the ‘eRupee by SBI’ application. Through this service, customers can easily make payments by scanning the UPI QR code.

Promotion of digital payment

SBI was the first to introduce digital rupee in December last year. After this, now UPI payment will be done very easily through E-Rupee by SBI. The bank said in a statement that it wants to revolutionize the field of digital payments.

SBI is the largest government bank in the country, so the more people who join the bank, the more benefits they will get. The bank believes that the scope of CBDC integration will increase through this service. In such a situation, a revolution can also come in the digital sector.

How can make payment

First of all you have to register in E-Rs. Now you will upload money in e-rupee wallet. If you are a customer of SBI, then you can select the load option by visiting the official website of the bank. Now you can transfer money from your linked account.

The app can easily make UPI payments as soon as the money is uploaded to the e-Rupee wallet. Apart from this, you can easily pay through RBI’s e-rupee

Share Market: Shares of 7 out of top 10 companies slipped;  Investors lost Rs 62000 crore in these stocks including RIL, HUL

By
Team Happen Recently
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Share Market

 Share Market The market capitalization of 7 out of the top 10 companies in the Indian country market has seen a decline this week.  Reliance has suffered the most in this.  The market capitalization of Reliance Industries declined by Rs 38496.79 crore to Rs 1632577.99 crore.  The market valuation of HDFC Bank increased by Rs 10917.11 crore to Rs 1192752.19 crore.

Last week was a loss for the Indian stock market.  Seven of the country’s 10 highest-valued companies saw a drop in their market cap by Rs 62,279.74 crore.

Share Market Losses

 In this, the biggest losses have been incurred by market giants Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, HUL, ITC, State Bank of India and Bharti Airtel.  At the same time, the market cap of HDFC Bank, Infosys and Bajaj Finance has increased.

Which companies suffered losses?

 The market capitalization of Reliance Industries declined by Rs 38,496.79 crore to Rs 16,32,577.99 crore.  Hindustan Unilever’s valuation declined by Rs 14,649.7 crore to Rs 5,88,572.61 crore and that of Bharti Airtel declined by Rs 4,194.49 crore to Rs 4,84,267.42 crore.

ITC’s market cap declined by Rs 3,037.83 crore to Rs 5,50,214.07 crore, ICICI Bank’s market cap declined by Rs 898.8 crore to Rs 6,78,368.37 crore, TCS’s market cap declined by Rs 512.27 crore to Rs 12,36,466.64 crore, State Bank of India’s market cap declined by Rs 512.27 crore to Rs 12,36,466.64 crore.  490.86 crore has decreased to Rs 5,08,435.14 crore.

 Which companies benefited?

 The market cap of Bajaj Finance rose by Rs 6,562.1 crore to Rs 4,43,350.96 crore, the market valuation of HDFC Bank rose by Rs 10,917.11 crore to Rs 11,92,752.19 crore and the market cap of Infosys rose by Rs 9,338.31 crore to Rs 5,98,917.39 crore.

Market gave positive returns

 Last week, 7 out of the top 10 companies may have given negative returns, but the stock market has given positive returns.  BSE Sensex closed at 65,387.16, up 500.65 points or 0.77 points.

 Top 10 companies in the market

 Among the top 10 companies, Reliance remains the most valuable company in the country.  After this come the names of TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance

Planning to buy a new electric car?  These 5 electric cars were sold the most last month

By
Team Happen Recently
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electric car

 Last month, Tata Motors once again won the EV sales report.  At present, Tata Motors has the highest market share in the EV car market.  MG and Hyundai have also registered their names in the list of top 5 most sold EVs last month.  Let us know about the top 5 cars.  

If you are planning to buy a new electric car then you are at the right place.  Because through this news we are going to tell you about those top electric cars which were purchased the most in the last month.  Currently, Tata’s electric cars are sold the most in the Indian market.

 Tata Motors

 Tata Motors sold the highest number of electric vehicles.  It sold 4,598 units in August 2023 and achieved the highest market share of 81 percent.  Tata is ready to launch the facelift of Nexon EV soon.  The company will introduce the new Nexon facelift on September 7.  Its prices will be revealed on September 14.

MG Motors

 MG Motors posted good results with a market share of 18 per cent, selling 1,146 units and retaining its position at the second position.  MG recently launched its first electric car MG Comet in the Indian market.  There is also a good demand for it at this time.

 Mahindra & Mahindra

 Mahindra & Mahindra delivered just 377 units and managed to retain its third position in August with a market share of 6 per cent.  Mahindra is preparing to launch several electric cars in the future.  There is also the name Thar EV in it.  The Thar EV concept was unveiled in South Africa on August 15, where Thar lovers are eagerly waiting for its production model.

Hyundai Motors

 Hyundai Motors managed to jump from the sixth position in July to the fourth position on the leaderboard.  It sold 182 units and delivered great results with a market share of 2 percent.  Hyundai may launch the Xeter EV next year, which is set to give a tough challenge to the Tata Punch EV.

PCA Automobiles

 PCA Automobiles slipped to 5th position behind Hyundai Motors.  It sold 110 units and managed to achieve a market share of 3 percent.

Samsung W Series: Samsung’s new series launching on September 15

By
Team Happen Recently
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 Samsung Upcoming W Series Samsung is going to launch its W series on 15th September.  The company’s W series is being launched in China.  The company has recently given official information regarding the launch date of W series.  Samsung W24 and Samsung W24 Flip are also expected to be launched in the company’s W series.

The Company is going to launch its W series on September 15.  The company’s W series is being launched in China.  The company has recently given official information regarding the launch date of W series.  Samsung W24 and Samsung W24 Flip are also expected to be launched in the company’s W series.

 How will the new smartphone look?

 It is believed that the company can also launch the successors of Samsung W23 and Samsung W23 Flip in the W series.  Company’s W series models could be custom versions of the Galaxy Z Fold 5 and Galaxy Z Flip 5.  The design of these new smartphones to be launched in China may be similar to the devices launched in India.

Galaxy Z Fold 5 and Galaxy Z Flip 5

It is known that Company released Galaxy Z Fold 5 and Galaxy Z Flip 5 in the last week of July.

 Galaxy Z Fold 5 and Galaxy Z Flip 5 were introduced by the company with Snapdragon 8 Gen 2 chipset.

 Galaxy Z Flip 5 was introduced by the company with 8GB RAM option.  At the same time, Galaxy Z Fold 5 was introduced with 12GB RAM option.

 Galaxy Z Fold 5 was brought with a 4,400mAh battery and 25W Wirex fast charging support.  Galaxy Z Flip 5 was brought with 3,700mAh battery and 25W Wired fast charging support.

Talking about W23 series, this series of Company was released in October last year.  The phone was brought in 16GB RAM + 512GB single variant.  On the other hand, Samsung W23 Flip 5G was brought in 12GB RAM + 512GB variant.

Zoom Notes Feature: Making notes in virtual meetings now easier

By
Team Happen Recenttly
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 Zoom Notes Feature Video communication platform it has announced a new feature for users.  The company is going to roll out a Zoom Notes feature for users.  After the this Notes feature, users will no longer need any third party app for taking notes during meetings.  The new feature can be used before, during and after the meeting.

If you use the video communication platform Zoom, then this new update can be of use to you.  Actually, the company has announced a new feature for the users.  The company is going to roll out a Zoom Notes feature for users.  With the help of this feature, users will be able to create, share and edit text documents on the platform.

 After the this Notes feature, users will end the need for any third party app for notes during the meeting.

How will this Notes work?

User can use Zoom Notes in three ways

: before the meeting

: with the meeting

: after meeting

 Before the meeting: Zoom Notes allows users to create notes.  Along with this, the user can share notes with other members in advance even before the meeting starts.

 Together in a meeting: Zoom Notes allows users to create notes during a meeting.  Users can collaborate with other members by sharing notes during the meeting.

After the meeting: Notes can be used even after the meeting has ended.  These notes can be shared with other members after the meeting.

 How to access Zoom Notes

  Notes can be accessed from the in-meeting navigation bar.

 You can start new notes during the meeting.

 The user creating the notes will have the facility of sharing sessions.

 In Zoom Notes, users will also get the facility of formatting options like bullets, colors, fonts.

 Users will also be able to add images and links in Zoom Notes.

 Note creators will also be able to give access to other users.

 Members joining late will be able to find notes in the Notes tab of the Zoom client.

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