Electronic Financial News

IAMAI) has withdrawn its invitation for a “closed-door interaction” between the government and industry to some gaming firms such as Gameskraft and Spartan Poker citing “feedback from the minister’s office”, according to copies of emails seen by ET. The IMAI, the apex industry body for various internet-first businesses, is organising the India Gaming Convention in Delhi on Tuesday and has arranged for a closed-door roundtable discussion with the minister of state for electronics and information technology Rajeev Chandrasekhar, on the sidelines of the main event. The private discussions are expected to be around “building certainty for online gaming”, according to people with knowledge of the matter.

By Lucia Mutikani

(Corrects paragraph 13 to reflect consequences for executives trading during blackout periods, not insider trading)

By Ernest Scheyder

Indian Railways currently uses electro-mechanical network to manage its signalling systems. The switch from this to solid state electronic route relay devices that control signals is largely expected to be covered in three years. Railways wants to this switch to be introduced on mission mode so that almost the entire network along 8,000 stations have electronic interlocking signals with solid state relays.

NEW DELHI : Two crucial Bills were passed in Parliament on Monday—the Post Office Bill, 2023 in the Rajya Sabha, and the Advocates (Amendment) Bill, 2023 in the lower house. The Post Office Bill will repeal the 125-year-old The Indian Post Office Act, 1898, and is meant to revive post offices and postal institutions. Significantly, the new legislation will allow the government to empower officers with powers to intercept, open or detain any item and deliver them to customs authorities.

journalists have been selected for the first-ever 'Kalyan Barooah Award', instituted in memory of the Delhi-based senior journalist who died during the Covid pandemic, in a ceremony on December 11. The NGO My Home India, in collaboration with the North East Media Forum, will present the awards in a ceremony here on December 11. The Kalyan Barooah Award was instituted to immortalise the veteran journalist's contribution towards bringing issues of Northeast India into focus in the national media, a release by the North East Media Forum (NEMF) said.

Diwali season, according to data from digital payments firm Visa. Further, the data shows that consumer credit card spending rose 18% YoY during Diwali, pointing towards the growing usage of credit cards in the Indian market during the festive season and lesser reliance on debit cards as a medium of transaction.

Asian shares are mixed as investors await a slew of U.S. economic data set for release later in the week

shortage of skilled labour is posing major challenges for Indian manufacturers in sectors such as engineering, automotive, electronics, infrastructure, chemical, pharmaceutical and food processing. According to a survey by workforce and HR management service provider Ultimate Kronos Group covering more than 300 manufacturers, 76% of the organisations reported skilled labour shortage hurting their profitability in 2023 – with 35% defining the impact as “severe”.

Rahul Gandhi following Congress' defeat in 3 of the four states whose election results were declared yesterday. 'Rahul Gandhi’s future prediction came true,' he stated in a sarcastic social media post on X stated in Hindi along with an edited clip where Gandhi is seen saying Rajasthan me bhi sarkar ja rahi h, Chhattisgarh me bhi sarkar ja rahi h.' The words ‘moye moye…’ play in the background that have recently emerged as a viral sensation that mean ‘nightmare’ in Serbian language. The Serbian sing gained traction on ‘Tik Tok’.

BENGALURU (Reuters) — Japanese electronic parts maker TDK (OTC:TTDKY) Corp will manufacture lithium ion (li-ion) battery cells for Apple (NASDAQ:AAPL) iPhones in India, a minister said on Monday.

Nothing Phone (2) showcases a 6.7-inch full-HD (1,080x2,412 pixels) LTPO OLED display, offering an adaptive refresh rate spanning from 1Hz to 120Hz. It is propelled by Qualcomm's 4nm Snapdragon 8+ Gen 1 SoC, accompanied by an Adreno 730 GPU and a RAM configuration of up to 12GB. In the camera department, the Nothing Phone (2) is equipped with a dual rear camera arrangement, featuring a 50 MP primary camera incorporating a 1/1.56-inch Sony IMX890 sensor, complemented by both optical image stabilization (OIS) and electronic image stabilization (EIS).

Hindustan Aeronautics Ltd (touched 52-week high), Bharat Electronics Ltd (touched 52-week high), Bharat Dynamics Ltd, and Mazagon Dock Shipbuilders Ltd were all up 0.5% to 3%. So far in 2023, investors have received a 100% return on their investment in Hindustan Aeronautics shares, a 58% increase in Bharat Electronics shares, and a 33% increase in Bharat Dynamics shares.

smartphone users expected to wield a 5G handset buoyed by falling prices and countrywide network coverage, industry executives said. Top smartphone brands such as Xiaomi, Oppo, Vivo, Realme and Samsung have set in motion plans to flood the India market with 5G smartphones at aggressive price-points. Their partner retailers have unveiled a slew of price cuts and offers to quickly clear out 4G smartphone stocks to make way for the next-gen gizmos. Industry body India Cellular & Electronics Association (ICEA) estimates the country’s installed base of 5G phones to jump more than two-fold to around 500 million by December 2025 from around 150 million in end-December 2023, and make up over 70% of the total smartphones base. “The growth will be driven by consumers demanding faster connectivity options, coupled with a gradual decrease in 5G smartphone prices, especially with models above Rs 13K and those below Rs 10K becoming predominantly 5G-enabled,” Pankaj Mohindroo, chairman of ICEA, told ET. Nationwide 5G rollouts by telcos and advent of companion devices and HD content too will help drive mass appetite for 5G smartphones, industry experts and handset market trackers said. The signals are already there. Xiaomi, Oppo, Vivo, Realme and Samsung have dropped prices of their older 4G handsets as well as the 5G devices launched earlier this year.

Tamil Nadu DGP seeking registration of an FIR against the officials of the state Directorate of Vigilance and Anti-Corruption, who recently arrested its Madurai-based investigator, for conducting an allegedly illegal search at its office and «stealing» sensitive documents. The federal probe agency has alleged that during the DVAC raids conducted at its Madurai sub-zonal office on December 1, the officials of the state agency «ransacked the entire office of the ED.» The DVAC searches were undertaken after the department arrested the ED's Madurai stationed Enforcement Officer Ankit Tiwari for allegedly accepting a bribe of Rs 20 lakh from a doctor.

Telangana on Sunday. The party was ahead of the ruling Bharat Rashtra Samithi (BRS) in Telangana, which was leading on 40 seats. Whereas, BJP was ahead on 4 seats.

Bajaj Auto initiated the launch with the refreshed Chetak Urbane. The updated base variant features a modified range, drum brakes, and a single Eco riding mode. Additionally, it comes with a more economical price starting at ₹1.15 lakh, and the Tecpac variant, offering enhanced connectivity options, electronic aids, and an extra riding mode, is priced at ₹1.21 lakh (all prices, ex-showroom).

Indian Railways is gearing up to install Kavach technology in its entire network of 68,000 route km, Minister of Railways Ashwini Vaishnaw has said. He added that the indigenously developed technology also has the potential to be exported in five years. “In 2024, we will install Kavach in 2,500 km route.

₹10.74 lakh and ₹14.05 lakh, the Jimny Thunder Edition is available at ex-showroom rates. Standard accessories included in the Thunder Edition encompass a front skid plate, side door cladding, door visor, door sill guard, grip cover in rustic tan, floor mat, and exterior graphics. Additionally, the edition features garnish on the front bumper, ORVM, side fender, and hood.

assembly elections in Rajasthan, Madhya Pradesh, Telanagana, Mizoram and Chhattisgarh have been a battleground of ideas, promises, and political maneuvering. Citizens and politicians await with bated breath as the electronic voting machines (EVMs) tomorrow (December 3, 2023) will tally the votes cast by millions of voters.