Electronic Financial News

Subscribe to enjoy similar stories.NEW DELHI: India’s electronics companies are getting more time, but not price revisions, to execute government procurement contracts as geopolitical conflicts and supply-chain disruptions raise costs for suppliers of smartphones, tablets and laptops.In a 29 April notice, the department of expenditure in the finance ministry said global economic and supply-chain disruptions triggered by the Iran conflict and preceding geopolitical tensions qualify as force majeure, allowing companies executing government contracts to seek delivery extensions of up to four months without penalty.The move offers some relief to companies such as Acer, Lava and Samsung India, which had sought price revisions for ongoing contracts amid rising component and logistics costs but have so far failed to secure them. Instead, the Centre has allowed extensions of “not less than two months and not more than four months.”The order said the Centre “recognizes delays in delivery in completion of contractual obligations on account of force majeure event for which the supplier, consultant, service provider and contractor is not at fault.

Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.

Subscribe to enjoy similar stories.Mumbai/Bengaluru: A ₹6,700-crore windfall from the listing of Tata Capital last October will help Tata Sons offset an over 10% decline in dividend income from its listed companies, helping the holding company end FY26 with its overall revenue higher than the previous year. The one-off boost comes as Noel Tata, chairman of Tata Trusts, the majority shareholder in Tata Sons, raised concern over mounting losses in newer businesses that continue to consume significant funding.Tata Trusts, worried over ballooning losses, has sought clarity on Tata Sons chairman N.

Subscribe to enjoy similar stories.Artificial intelligence is like a cake, says Jensen Huang, the boss of Nvidia, a chipmaker. ai applications, such as chatbots, are at the top. The next layer down is software, like the large language models (llms) on which chatbots run.

Subscribe to enjoy similar stories.Amber Enterprises India Ltd exited FY26 with a healthy 22% year-on-year revenue growth at ₹12,186 crore, driven by its consumer durables and electronics segments.However, management has flagged margin pressure building in its core consumer durables business amid soaring input and labour costs.The consumer durables division — which contributes nearly 72% of total revenue and includes room air-conditioners (RAC) and related products — remains the backbone of the company.Despite Q4 being seasonally strong for AC companies, segment margins dropped to 7.5% in Q4FY26 from 8.4% in Q4FY25.For the full year, margins slid to 7.1% in FY26 from 7.7% last year.Copper-clad laminate and gold prices have risen over 60% in the past year, while minimum wages have increased sharply in key states such as Haryana and Uttar Pradesh.Amber has implemented a cumulative RAC price hike of around 14%. However, in consumer durables, price pass-through typically takes one quarter, while in PCB manufacturing it can take nearly two quarters.As a result, management has guided for a temporary margin decline of 50–100 basis points over the next few quarters.Amber already operates at sub-10% Ebitda margins.

Subscribe to enjoy similar stories.Over the last few days, market intermediaries have launched regulated versions of digital gold that also allow individuals to take physical deliveries. On paper, these products promise the best of both worlds: access to high-purity gold at transparent prices without the hassle of storage.

Subscribe to enjoy similar stories.The global defence landscape has shifted dramatically in 2026 as escalating geopolitical tensions in the Middle East compel nations across Asia and Europe to rapidly bolster their military preparedness and capabilities.Missile strikes, border conflicts, drone warfare, and rising security concerns have pushed governments to accelerate defence spending like never before. As a result, defence manufacturing companies have taken centerstage.India’s defence sector has therefore emerged as one of the best-performing themes of 2026 so far.

Subscribe to enjoy similar stories.New Delhi: Noida-headquartered Dixon Technologies, India’s largest publicly listed electronics manufacturer, expects revenue growth of 15-17% in FY27, with management expecting growth to accelerate to as much as 45% if its long-pending joint venture with Vivo gets government approval.In an interview with Mint following the company’s FY26 earnings on Tuesday, Saurabh Gupta, director and group chief financial officer of Dixon Technologies, said the company is in “advanced-stage talks” with the government regarding the Vivo joint venture and remains confident that approval is only “a matter of time away”.The proposed joint venture with Vivo, in which Dixon holds a 51% stake, was first disclosed in December 2024. However, with Vivo owning the remaining 49%, the venture has been under the Centre’s scrutiny for more than 18 months under the government’s Press Note 3 restrictions.

Subscribe to enjoy similar stories.New Delhi: Syrma SGS Technology Ltd. expects revenue to grow 30% in the ongoing fiscal, driven by strong demand in automotive and healthcare electronics, even as weakness in consumer electronics and geopolitical uncertainty weigh on the wider electronics manufacturing sector,“We’re expecting our automotive and med-tech verticals to do very well this fiscal, just like what we saw last fiscal,” Managing Director Jasbir Singh Gujral told Mint in an interview on Tuesday.

Subscribe to enjoy similar stories.India's maritime sector doesn't always make headlines, but it quietly powers the entire economy, moving over 90% of the country's trade by volume.Stretch that 7,500-km coastline across a map, add 12 major ports and 200+ smaller ones, and you start to appreciate just how much of India's growth story begins and ends at sea.The Maritime India Vision 2030 outlines over 150 initiatives with projected investments of ₹3–3.5 trillion, supported by a recent ₹69,725 crore package for shipbuilding, according to a PIB report.In FY24–25, major ports handled around 855 million (m) tonnes of cargo, reflecting strong growth in maritime trade and improved port efficiency.What’s interesting is the momentum building beneath the surface.Around 51 large ships are currently under construction in India, with a total value of nearly ₹90,000 crore, according to PIB report dated 3 December 2025.Since 2014, Indian shipyards have delivered more than 40 warships and submarines, and in the past year alone, a new vessel has been added roughly every 40 days. All of this is turning the maritime space into a buzzing investment theme.Here are five stocks from across the maritime space that are worth keeping on your radar.Established in 1907, Tata Steel is Asia’s first integrated private steel company and also played a key role in developing India’s first industrial city, Jamshedpur.

Subscribe to enjoy similar stories.NEW DELHI: Next week, the Supreme Court headed by Chief Justice of India Surya Kant will start hearing arguments for and against India’s first-ever data privacy law. After five separate public interest litigation petitions filed in February challenged the Digital Personal Data Protection (DPDP) Act, these hearings starting 13 May could determine the future of what companies and government bodies can do with the personal data of 1.4 billion people.Both the Centre and the litigators have deployed batteries of top lawyers.

Subscribe to enjoy similar stories.The surging shares of US chipmakers such as Intel and Micron point to a deeper shift in artificial intelligence (AI). First, the narrative is moving from a speculative buzz around AI models to hard spending on the infrastructure that powers them. Second, big money is flowing into computing power and memory, the choke points of the AI economy.

Subscribe to enjoy similar stories.New Delhi: Situated 33 kilometers from the busy streets of Pune is Chakan, home to automobile manufacturers and their suppliers. One company in this area is electric bus maker Eka Mobility.

Subscribe to enjoy similar stories.The India Meteorological Department's (IMD) seasonal outlook for summer 2026 warns of above-normal heatwave days, with rising nighttime temperatures compounding daytime heat stress across east, central, northwest India, and the southeast peninsula.Latest data showed that 19 of the world's 20 hottest cities were located in India.With multiple cities across Bihar, Odisha, Uttar Pradesh, West Bengal, Tamil Nadu, Gujarat, and Maharashtra logging temperatures around 44°C, well above seasonal norms, large parts of India are in the grip of an intense and widespread heatwave.Crucially, rising nighttime temperatures are a growing concern. Warmer nights reduce recovery from heat stress, driving up energy demand significantly.As summers grow longer and hotter, the demand for cooling is no longer seasonal.

Subscribe to enjoy similar stories.The top private and state-owned defence companies are looking at a ₹15 trillion revenue opportunity over the next five fiscal years, according to brokerage Dam Capital on 27 April, as rising government capital expenditure and an export push combine to reshape the country's arms sector into a global supplier.The windfall is being spread across five big firms, Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock Shipbuilders, and Larsen & Toubro's Precision Engineering & Systems division, with exports projected to be over ₹72,000 crore for the period, according to industry projections and company disclosures. Defence exports already hit ₹38,424 crore in FY26, as per defence ministry data, and the government has set a target of ₹50,000 crore by FY29 at a compounded annual growth rate of 9%.The exports are being driven by two key points: increasing localized production of light to heavy artillery, and the latter leading to exports of India-made defence equipment to regions such as West Asia, central and south-east Asia, and Africa as well.This is a change for the country.

Subscribe to enjoy similar stories.Many Indians rely on recurring payments to manage everything from systematic investment plan (SIP) installments and insurance premiums to credit card bills. However, until recently, there was a major pain point for transactions above ₹15,000 done through cards or UPI: the requirement for a one-time password (OTP).

Subscribe to enjoy similar stories.India is planning to build a six-month strategic reserve of critical minerals to shield its green energy and manufacturing sectors from supply shocks and price swings, two people aware of the matter said. The Union ministries of mines and heavy industries are working on a plan to stockpile imported and locally sourced critical minerals such as lithium, cobalt, nickel, copper and rare earth elements, a segment dominated by China.The strategic reserve will act as a long-term safeguard for sectors such as electric mobility, energy storage and electronics manufacturing, which are increasingly dependent on imports, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories.BENGALURU: Urban Company Ltd plans to launch an air-conditioner-cum-air purifier ahead of Diwali this year, according to two people with direct knowledge of the matter, as the quick-services platform expands beyond its home and beauty services business and deepens its presence in its consumer durables vertical.Urban Company entered the consumer durables segment in October 2023 with the launch of its Native brand, starting with water purifiers. Since then, the company has added electronic door locks and is now looking to scale up with air-conditioner-cum air purifiers.“Urban Company can only make so much profit from its services business because that depends heavily on manpower and day-to-day operations.

Subscribe to enjoy similar stories.Reliance Retail is scaling up its e-commerce platform JioMart’s quick-commerce business with a strategy that breaks from the industry’s fixation on 10-minute delivery.It is leveraging its extensive network of physical stores to enable two-hour deliveries, while broadening its focus to higher-value categories such as electronics and fashion.The playbook so far appears to be gaining traction. JioMart’s hyperlocal business scaled to roughly two million average daily orders in the March quarter, up 29% sequentially and over 300% year-on-year, Reliance Industries Ltd’s Q4FY26 investor presentation showed.Nearly 5.8 million new customers shopped on the platform during the fourth quarter, while the registered customer base expanded by 98% on-year.In fact, Reliance Retail logged total transactions (including JioMart, Reliance Digital, Metro, and Smart Bazaar) worth ₹193 crore in the last quarter of 2025-26, with JioMart’s high-frequency nature boosting the figure, Dinesh Taluja, group chief financial officer of Reliance Retail, told analysts on Friday.“We have the widest reach and network that any hyperlocal player has in the country today,” he added.The numbers come amid an aggressive expansion push by quick-commerce players such as Eternal Ltd-owned Blinkit, Zepto, Swiggy Instamart, and Tata group-owned BigBasket, which are investing heavily in dark stores and logistics even as profitability remains uncertain.Market leader Blinkit logged roughly 8.1 million daily orders as of the December quarter, while Swiggy Instamart’s daily order volume stood at 3.5 million in the same period.

Subscribe to enjoy similar stories.Earlier this week, commerce minister Piyush Goyal said that India and South Korea were working towards doubling bilateral trade while reviewing a 16-year-old trade agreement between them.Signed in 2010, the Comprehensive Economic Partnership Agreement (CEPA) has seen bilateral trade more than double, but with a greater share of gains accruing to South Korea. Speaking to the media at an India-Korea business forum, Goyal said this agreement “has not worked for India” and that a review was being undertaken to bring about “more balanced trade between the two countries”.

Subscribe to enjoy similar stories.MUMBAI: Inventurus Knowledge Solutions (IKS Health) aims to be the leader in the US rural healthcare outsourcing market after its acquisition of TruBridge on Thursday, its top executive said.“IKS is in the business of taking away or outsourcing chore tasks from healthcare providers in the US, so that they could focus on their core of taking care of patients…when you look at rural healthcare and RCM (revenue cycle management) within rural healthcare, TrueBridge is the largest player by far,” IKS Health founder and global chief executive officer (CEO) Sachin Gupta told Mint in an interview. “In the rural healthcare market segment, once we combine effectively with TrueBridge, we will be the undisputed leader,” he added.A healthcare outsourcer, like IKS, handles the administrative, clinical and operational tasks, including billing, clinical documentation, and insurance claims processing.On Thursday, IKS Health announced the acquisition of US-based TruBridge Inc, a Nasdaq-listed provider of healthcare technology solutions for rural and community hospitals, for up to $565 million.