Compilation Financial News

Vikram Sarabhai Space Centre and Semiconductor Laboratory (SCL), Chandigarh have jointly developed 32-bit Microprocessors — Vikram 3201 and Kalpana 3201-- for space applications, the space agency has said. Vikram 3201 is the first fully Indian-made 32-bit microprocessor qualified for use in the harsh environmental conditions of launch vehicles. The processor was fabricated at the 180nm (nanometer) CMOS (Complementary Metal-Oxide-Semiconductor) semiconductor fab of SCL. This processor is an advanced version of the indigenously designed 16-bit Vikram 1601 microprocessor, which has been operating in the avionics system of ISRO's launch vehicles since 2009, ISRO said in a statement released late on Saturday. A «Make-in-India» version of the Vikram 1601 processor was subsequently inducted in 2016 after the 180nm semiconductor fab was established at SCL, the statement said. Kalpana 3201 is a 32-bit SPARC V8 (Scalable Processor ARChitecture, version 8) RISC (Reduced Instruction Set Computer) microprocessor and is based on the IEEE 1754 Instruction Set Architecture, the space agency said. This microprocessor has been designed to be compatible with open-source software toolsets along with in-house developed simulators and IDE (Integrated Development Environment), and has been tested with flight software, it said.

The company joins larger rival Macy's and big-box retailers Walmart and Target in tempering expectations as U.S. inflation risks rise and recession fears mount amid a chaotic implementation of President Donald Trump's tariffs.

A basket of essential companies that supply products like plastic, aluminum, and paper — not your typical household names — reported the highest level of earnings misses so far this season. More than 65% of the MSCI Europe materials index missed earnings per share estimates for the fourth quarter, compared with just 35% of misses in the overall index, data compiled by Bloomberg shows. The sector, which includes companies like paint-maker Akzo Nobel NV, fertiliser producer Yara International ASA and flavorings manufacturer Symrise AG, is dragged down by weak demand in China, where economic woes have led to a slowdown in construction activity, and the threat of US tariffs.

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eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, as economic uncertainty compelled unaffluent buyers to cut discretionary spending, sending its shares down nearly 9% in extended trading.

equity stakes in unlisted overseas companies are often at a loss on how to go about auditing the foreign entities, thanks to their bankers taking differing views.

coal imports remained flat at 201.30 million tonnes (MT) in the April-December period of the ongoing financial year. The country's coal import was 201.52 MT in the year-ago period, according to the data compiled by mjunction services, a leading name in the e-auction space.

Subscribe to enjoy similar stories. The Securities and Exchange Board of India (Sebi) had released a consultation paper in June last year, emphasizing the importance of Risk-Adjusted Return (RAR) in mutual fund investments. This was followed by a circular on 17 January, mandating mutual funds to disclose the Information Ratio (IR) of each scheme portfolio on their websites daily, along with returns.

Tamil Nadu Governor R N Ravi has criticised those who claim to uphold Tamil language and culture while making no real contribution, labelling their statements as «hollow rhetoric.» True reverence lay in preserving and promoting Tamil's rich literary heritage, he said, without naming anyone.

Bill Winters, chief executive officer of Standard Chartered Plc, will visit India this week as the London-based lender seeks to bolster its presence in the South Asian country.

Subscribe to enjoy similar stories. This is my third offering of the Economic Survey, a comprehensive compilation of information and perspectives on the state of the Indian economy. It delves into issues that warrant focused and continued attention, providing insight and analysis crucial to understanding India’s economic landscape.

UltraTech Cement's open offer for subsidiary India Cements has seen a rare oversubscription, thanks to its high offer price. Less than 5% open offers launched since 2015 in the country have been fully subscribed, data compiled by ET showed. The ₹390-per-share offer, open from January 8 to 21, was subscribed 110%. It will increase UltraTech's stake in India Cements to 81.49%. India Cements' shares closed at ₹295.15 on Friday, marking a nearly 22% gain in a year.

promotions in a slowing car market. Hyundai, which together with affiliate Kia is the world's third-biggest automaker by sales, reported operating profit of 2.8 trillion won ($1.95 billion) for October-December, compared with 3.4 trillion won in the same period a year earlier.

Subscribe to enjoy similar stories. There never has been a better time than now to manage the wealth of the rich, as the parabolic rally in equities in the post-pandemic era swelled the ranks and bank balances of the extreme rich in both metros and tier-II cities. Private bankers, whose job it is to manage the finances of such wealthy individuals, are ballooning in headcount, and their salaries, too, are skyrocketing as demand shoots through the roof and they jump jobs as well.

high Treasury rates hamper weaker credits from tapping international capital. While a recent surge in US bond yields has abated for now, investors fear the upward moves will resume after President-elect Donald Trump takes office on Monday, given his support for trade-tariff hikes and mass deportations, policies that are considered inflationary.

Rachel Accurso, widely known as Ms. Rachel, is bringing her educational videos to Netflix. The first set of episodes is set for release on January 27, 2025.

Subscribe to enjoy similar stories. A few weeks ago, when Mint Money discussed Hindu Undivided Family (HUFs) units, we received a flood of queries. To address the most common concerns, this article has compiled frequently asked questions regarding tax-saving instruments available to Hindu, Sikh, Jain, and Buddhist communities.