Digital Financial News

Sunil Bohra, ED-Group CFO, UNO Minda, says: “Our total order book from the EV segment per se, which includes the EV components and also the existing components which goes into the EV vehicle, the order book stands at roughly like I would say Rs 3,000 odd crore which we expect to peak in somewhere in around FY26, FY27 because it has a ramp up and we all know that the market has been today trying to absorb the impact of the FAME II subsidy reduction, etc.” The margins this time were a steady show, but the question is that given that there are a lot of capex lined up, going forward could there be a bit of a drop in margins? As you rightly mentioned, we have continued to deliver industry-leading growth quarter after quarter. Even in this quarter, we have grown by 26% and as you rightly mentioned to support this kind of growth, we have to continuously reinvest in the business and recently the board has also approved setting up of a new alloy wheel plant for meeting the new business requirements, etc. So, definitely in the short term while we do expect the margins to maintain at around 11% plus-minus a few basis points and when we say the guidance of 11%, the incremental cost which normally tends to creep in once you commission the new plants is already baked in. We do not expect any significant deterioration or dilution in the existing margins per se.

India and Malaysia are firming up a framework for conducting trade in national currencies and initiating a process to review the 12-year-old comprehensive economic cooperation agreement to include new domains and items, Malaysian Foreign Minister Zambry Abdul Kadir said. At the end of a three-day visit to India, Kadir told PTI that both sides are keen to expand trade engagement in new and emerging areas such as electronics, semiconductors, fintech, renewable energy, new technology and startups.

Reliance Jio has launched JioPhone Prima at an attractive price Rs 2,599. Built on the Kai-OS platform, it offers access to popular apps like YouTube, Facebook, WhatsApp, and Google Voice Assistant. It also supports UPI payments. Featuring a 2.4-inch display screen and an impressive 1800mAh battery, this device offers an array of features. It supports 23 languages. JioPhone Prima is available at retail stores and popular online platforms like Reliance Digital, JioMart Electronics, and Amazon. This device is equipped with digital cameras and supports video calls and photography. What sets it apart is the integration of Jio's digital services, including JioTV, JioCinema, JioSaavn, and JioPay for UPI payments. «The JioPhone Prima isn't just another smartphone; it's a statement of style and substance. It caters to those who demand more than the ordinary. It's a testament to Jio's unwavering commitment to redefine the mobile experience, infusing it with vibrancy, fun, and sheer excitement,» Reliance Jio said in a statement. The phone is locked for Jio network and the user needs to have a JioPhone plan.

Reliance Jio expanded its portfolio of 4G feature phones with the JioPhone Prima, a 4G feature phone that comes with support for WhatsApp, UPI payments, live video content and more. The 4G feature phone is priced at Rs 2,599 and is available across offline and online retail touchpoints including Reliance Digital, JioMart and Amazon. The device features a 2.4-inch display and a 1800mAh battery with support for 23 local languages.

Alkem Laboratories share price rallied over 6% to hit a 52-week high on Wednesday after the company’s better than estimated September quarter results prompted some brokerages to raise target price on the stock. Alkem Laboratories shares rallied as much as 6.08% to a fresh record high of ₹4,272.00 apiece on the BSE. Alkem Laboratories stock had ended more than 5% higher in the previous session on November 7 after the company announced its Q2FY24 earnings.

Dhanteras, a significant day in the Indian calendar, marks the auspicious occasion when households across the nation invest in gold. This tradition is deeply rooted in the belief that buying gold on this day brings prosperity and wards off negativity. As the festivities approach, investors face the perennial question: should they opt for physical gold, gold ETFs, or the lesser-known Sovereign Gold Bond Schemes (SGBs)? In this article, we'll delve into the historical significance of Dhanteras, explore the merits and demerits of each investment avenue, and shed light on why this year, SGBs deserve serious consideration.

₹50 crore) in a funding round from 360 One Asset Management Ltd’s healthcare and lifesciences-focused private equity fund. Funds raised will be used for expanding operations countrywide over the next three years. Veda Corporate Advisors was the exclusive financial advisor to the company.

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Financial intelligence company Moody’s Analytics is launching a new AI service that can predict stablecoin depeggings while providing real-time insights about stablecoin issuers’ liquidity and stability.

In a address delivered during the ceremonial State Opening of Parliament, Britain's Conservative government presented a pre-election policy agenda. The speech, authored by Prime Minister Rishi Sunak's administration, outlined plans for tougher sentences for serious crimes and aspirations for economic revival.

Bitcoin’s recent slip below the $35,000 threshold marks a pause in its latest bull run, but the market’s optimism doesn’t seem to wane, as the Fear & Greed Index hovers at a confident 73. This pullback has not dampened the broader positive market mood, with the trajectory for Bitcoin and its digital brethren still pointing north.

digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack consumer safeguards. The Consumer Financial Protection Bureau's proposal would subject companies like Alphabet, Apple and PayPal to bank-like supervision, with CFPB examiners inspecting their privacy protections, executives' conduct, and compliance with laws barring unfair and deceptive practices.

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ROX Hi-Tech IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) ROX Hi-Tech opened for subscription on November 7 and will close on November 9. ROX Hi-Tech Limited is a customer-centric IT solutions provider. The company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services.

Collegedunia, founded in 2014 by BITS Pilani alumnus Sahil Chalana, is a one-stop destination for students, parents, and educational industry players seeking information related to higher education in India and abroad alike. The portal has played a proactive role in the education sector in the last 9 years and has established itself amongst the top 100 websites in India.

₹490 crore from the capital markets, which is a complete offer for sale (OFS). Also Read: Protean eGov Technologies IPO: Issue fully booked on Day 1; retail, NII portions oversubscribed On the second day (November 07), the robust demand from the retail segment continued, with the subscription rate reaching 3.91 times. The non-institutional investors (NIIs) also showed strong interest, as the subscription in the segment reached 6.25 times.

bike insurance has evolved with the introduction of online services. In this article, we will delve into how the online revolution has impacted bike insurance in India. One of the most significant impacts of the online revolution on bike insurance in India is the increased convenience and accessibility it offers to customers.

E-commerce major Amazon India on Tuesday said its 2023 festive sale is the best in its 13 years of operations in the country fuelled by a strong demand, a company official said. Online sales by the e-commerce industry during this festive season are expected to witness 18-20 per cent growth to reach Rs 90,000 crore, according to market research firm Redseer Strategy Consultants.

In the rapidly evolving world of NFTs and digital collectibles, agencies are poised to play a pivotal role. Whether they specialize in marketing, branding, talent management or focus solely on NFT creation, these agencies have a unique power to shape the trajectory of Web3 adoption and elevate the realm of digital assets. I believe their influence will be indispensable.

financial markets. It plans to introduce Mutual Funds services catering to both traders and retail investors. With the company's promoters retaining full ownership, Bigul aims to broaden its footprint beyond its current presence in Maharashtra, Rajasthan, and Madhya Pradesh.

'UPI Safety Ambassador' to strengthen safety awareness on digital payment platforms. The NPCI move follows the ongoing discussions regarding the safety and security of digital payment platforms, particularly the United Payments Interface (UPI). In a post on the social media site X (formerly known as Twitter), the NPCI announced the partnership with the acclaimed Bollywood actor.