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Infosys Infosys on Monday said its CFO Nilanjan Roy has resigned from the company to pursue other personal aspirations.

Apple supplier and American Gorilla Glass maker, Corning Inc., is investing Rs 1,000 crore to set up a manufacturing facility in Tamil Nadu, multiple sources aware of the development told ET. The facility will be set up at Pillaipakkam, near Sriperumbudur, on a 25-acre plot, which can be expanded if the need arises and will employ around 300 people. This marks the formal entry of another Apple supplier into India, bolstering the expanding ecosystem of Apple as well as electronic component manufacturers in the country.

(Reuters) -Hasbro said on Monday it would be cutting more jobs, as the toymaker struggles with weaker sales amid the holiday season.

Huawei Technologies Co.’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights. The Shenzhen-based company’s handsets include RF switches from Maxscend Microelectronics Co. and power-amplification modules from Beijing OnMicro Electronics Co., components most commonly provided by US suppliers Skyworks Solutions Inc. and Qorvo Inc., respectively. The architecture “is tailored for the Chinese industry” and suggests there was design collaboration between Huawei and its suppliers, TechInsights said in a post on Monday.

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Bharat Electronics Ltd (BEL) have been hitting new highs of late. On Monday the state-owned aerospace and defence electronics company’s stock scaled a new 52-week high at ₹163.25. This momentum follows the announcement of significant order wins totalling ₹3,915 crore last week, including a ₹580-crore order from the Indian Army for artificial magnetic conductors (AMC) used in radars.

“Ministry of Electronics and Information Technology (MeitY) blocked a total of 581 applications under section 69A of IT Act, 2000 which includes 174 betting and gambling related applications, 87 loan lending applications and other applications including gaming applications like PUBG, GArena Free Fire etc,” Chaudhary told in a reply to Lok Sabha. The illegal betting and gambling app has been in the spotlight recently with MeitY last month issuing a blocking order against some 22 'illegal' betting apps and websites, including Mahadev Apps. The order was issued upon a request by the Enforcement Directorate (ED) which was investigating an alleged money laundering syndicate. The government in February had blocked 138 such illegal betting and gaming websites, however some of them were still operating. In July the Centre had amended and notified the IGST Act which mandates that all offshore gaming companies need to be registered in India.

World Cup provided a major boost. The preference for premium products continued, with more demand for, say, double-door refrigerators than single-door ones. Washing machines, televisions and fans also saw higher demand at the top end.

brands and retailers including ecommerce platforms are advancing their end-of-season sale events by 7-10 days, in a rush to clear unsold inventories and notch-up revenue that remained under pressure for most part of the year. Some brands said the year-end online discounts in categories like apparel, electronics and mobile phones would be among the highest this year, next only to the festive season deals. Most of the apparel brands have already started offering hefty discounts on their seasonal line-up of winter wear in brick-and-mortar stores, which they usually do towards December-end, they said. «Even though winter is yet to fully set in even in the North, most brands are not taking chances and have started their end-of-season sales as winters have become short and they want to sell out the merchandise in time,» said Woodland managing director Harkirat Singh. Woodland, Reliance Trends, Levi's, Ajio, Flipkart, Amazon, Myntra, Jiomart and Urban Ladder have started their sale events. The earlier-than-usual year-end sales come after the festive season turned out to be a mixed bag for brands and retailers.

desired outcomes such as localisation of medical technologies, bulk drugs, electronics, and specialty steel among others, top government officials said Saturday. Addressing a session during 96th Annual Convention of the Federation of Indian Chambers of Commerce & Industry (FICCI), IT secretary, S Krishnan also said that the Digital Personal Data Protection (DPDP) rules will be ready in a few weeks. “The DPDP Act balances the need for regulation, and personal data being secure against the need for innovation.

Municipal Administration, General Administration, Law and Order and all other unallocated portfolios. Deputy Chief Minister Mallu Bhatti Vikramarka was allocated the key portfolios of Finance and Planning, Energy.

NEW DELHI : Bhashini, India’s national language database platform, has begun showcasing beta-stage deployment of its multi-model generative artificial intelligence services, a step towards taking the benefits of the technology to the vast majority of non-English-speaking populations. Demonstrating its abilities at the 2023 Mint AI Summit on Friday, Amitabh Nag, chief executive of Bhashini—an undertaking of the ministry of electronics and information technology (Meity)’s National Language Translation Mission—demonstrated the ability of Bhashini in conducting voice-driven contactless digital payments through UPI.

Aadhaar can enrol using Iris scan in case fingerprints are unavailable. The statement comes after Minister of State for Electronics and IT Rajeev Chandrasekhar intervened to ensure the enrolment of a woman, Josymol P Jose, in Kerala who could not get enrolled for Aadhaar as she did not have fingers.

information by public under section 69A of the Information Technology (IT) Act, 2000 which provides power to government to issue such directions if it is necessary or expedient to do so in the interest of sovereignty and integrity, defence of India, security of the State, friendly relations with foreign States or public order or for inciting cognizable offence relating to above." The data, shared by Chandrasekhar, revealed figures related to the blocking of URLs by the government since 2018. The data for 2023 was recorded till October.

The SGB Series 2023-24 Series III subscription period is scheduled from December 18 – December 22, 2023. Therefore, the date of issuance in SGB Series III is December 28, 2023. The SGB Series 2023-24 Series IV subscription period is scheduled from February 12 – February 16, 2024, 2024. Therefore, the date of issuance in SGB Series III is February 21, 2024. S. No.TrancheDate of SubscriptionDate o

RBI) Friday tweaked a mechanism to enable banks to better manage their funds in a 24x7 payments landscape that compels lenders to store away large amounts of funds as a precautionary measure, a practice that exacerbates stress when overall liquidity is in a deficit. «With regard to the standing facilities of the Reserve Bank under the LAF (Liquidity Adjustment Facility), we have noticed simultaneous high utilisation of both MSF (Marginal Standing Facility) and SDF (Standing Deposit Facility) by the banks,» RBI Governor Shaktikanta Das said while detailing the central bank's monetary policy statement on Friday. «We propose to address this situation and have decided to allow reversal of liquidity facilities under both SDF and MSF even during weekends and holidays with effect from December 30, 2023. It is expected that this measure will facilitate better fund management by the banks,» Das said, adding that the measure would be reviewed after six months or earlier if required. The central bank's latest step provides banks with the flexibility to borrow or lend out funds on weekends and holidays instead of borrowing heavily from the market or the RBI's lending windows ahead of non-working days. The RBI's move comes after months of unusual liquidity distribution in the banking system, with lenders persistently storing large amounts of money in the central bank's absorption facility, which offers the least remunerative rate of interest. «Earlier there was no provision for an automatic sweep-in for banks' funds during the weekend.

By Nathan Gomes

Mahua Moitra for ‘unethical conduct’ in the cash-for-query case. The Lok Sabha Ethics Committee report was tabled in the lower house of the parliament on Friday, following which a heated debate ensued. Thereafter, Parliamentary Affairs Minister Pralhad Joshi moved a motion to expel the Trinamool member for "unethical conduct", which was adopted by a voice vote.

India is front and center of Apple’s plans to diversify production away from China. But shaky infrastructure isn’t the only obstacle. There is another crucial complicating factor: a powerful and independent labor movement.

Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.

A suspended Surrey RCMP officer accused of using his position of authority to engage in intimate relationships with women — both on and off-duty — likely won’t face traditional jail time, a sentencing hearing in B.C. provincial court has heard.