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Tencent loses $34 billion in two days after India bans PUBG Mobile

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(Last Updated On: September 4, 2020)

The Chinese technology giant Tencent has lost nearly $34 billion of its market after the Indian government banned the company’s popular game PlayerUnknown’s Battlegrounds (PUBG) Mobile.

The Business Insider India reported that this is the second biggest dip in Tencent’s valuation since Bloomberg reported that the company lost $66 billion last month when US President Donald Trump banned WeChat.

“Tencent takes the protection of user privacy and data seriously. Our apps have always remained in compliance with applicable data protection laws in India and all other markets where we operate. We look forward to engaging Indian authorities to clarify our long-established policy and action in protecting user data, and hope to ensure the continued availability of our apps in India ” the company said in an emailed statement to Business Insider India.

India has banned 118 Chinese apps in India. In addition to PUBG Mobile, Arena of Valor, Chess Run, and Ludo World have also been blocked in the country.

According to the reports, PUBG had over 50 million active users in India.

The latest move comes after the ministry of electronics and information technology of India banned 59 chines apps including TikTok in late June following the rise of border tensions between the two countries.

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Eight dead in rain across Afghanistan over past four days

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(Last Updated On: April 29, 2024)

Mullah Janan Saiq, the spokesperson of the Ministry of Natural Disasters, says that eight people have died, three people have been injured and 20 hectares of agricultural land have been destroyed as a result of the rains and floods in the past four days.

Saiq also said that as a result of the recent rains in the country, 140 houses were damaged or destroyed and 20 kilometers of roads were also destroyed across the country.
According to him, 30 cows were also lost.

“Fortunately, as a result of the recent rains, the water level in the country has increased, the underground water has been strengthened and the farmers are happy,”
he said.

According to him, the Ministry of Natural Disasters has directed its directorates in the provinces to use all their facilities to help the victims.

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Ghori State Cement in Baghlan increases production

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(Last Updated On: April 28, 2024)

Officials at Ghori State Cement in Baghlan province say the amount of cement produced at this plant has increased compared to the past.

According to company officials, 150,000 tons of cement was produced in 1402 [solar year] and they are trying to increase the amount to 180,000 tons this year.

“Last year, we successfully produced 150,000 tons of cement and sold it to the market. Fortunately, in 1402, we had more than 200 million afghanis in revenue,” said Abdul Wakil Qayumi, financial and administrative deputy of the company.

The plant officials stated that efforts are underway to increase the production capacity, and with the increase of the production capacity, they will produce 1000 bags of cement per day.

“Currently, our four ovens are active, and we produce approximately 1,000 to 1,200 tons of cement in twenty-four hours,” said Mohammad Tahir, packaging manager for the company.

In this company, jobs are created for 750 individuals, and some workers have asked the traders to invest in the country and provide work for young people.

“Some more factories should be built in our country so that less foreign cement is imported into the country and we use our own products,” said one of the company workers.

Ghori Baghlan Cement Company was established about 40 years ago and is considered one of the largest cement production companies in Afghanistan.

The management of this company is carried out by the National Development Corporation (NDC).

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Regional countries should jointly expand stability and development: Deputy PM

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(Last Updated On: April 28, 2024)

Mawlawi Abdul Kabir, Political Deputy Prime Minister, has said in a meeting with the Deputy Prime Minister of Kazakhstan in Kabul that regional countries should play their role in the implementation of large regional projects.

Kabir also invited Kazakh businessmen to invest in Afghanistan, his office said in a statement.

He added that the Islamic Emirate fully controls Afghanistan’s borders, has eliminated drugs and corruption, and restored national sovereignty.

According to the statement, Deputy Prime Minister of Kazakhstan Serik Zhumangarin appreciated the progress made by the Islamic Emirate in Afghanistan and said that his country is ready for long-term trade, transit and investment relations with Afghanistan.

Zhumangarin expressed his country’s readiness to grant scholarships to Afghan youth and added that Afghanistan is currently an example of a peaceful country in the region, and due to this, the world wants to establish relations with the Islamic Emirate in various fields.

He also called for the start of direct flights between Kabul and Almaty and said that his country is ready for bilateral cooperation with the Afghan government in the cultural field.

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