Electronic Financial News

Walmart to shift its supply chains from China to India, Thailand, and Vietnam. China is Walmart's biggest importer, but the numbers from the country dramatically dropped to just 60% in 2023 from over 80% during the year 2018. "I need resiliency in our supply chains.

By Lucia Mutikani

Karnataka IT minister Priyank Kharge launched the state’s first K-VLSI (very large-scale integration) program to boost skilled talent for the Electronics System Design and Manufacturing (ESDM) sector at the Bengaluru Tech Summit. The initiative, launched in collaboration with Karnataka Digital Economy Mission (KDEM) and India Electronics and Semiconductor Association (IESA), Semiconductor Fabless Accelerator Lab (SFAL), will offer an advanced certification program in VLSI design and verification.

Snapdragon 8 Gen 1 SoC, this device showcases the distinctive Glyph interface. It is equipped with a dual rear camera system, led by a 50-megapixel primary sensor, and boasts a 4,700mAh battery for extended usage. According to a report by Gadgets 360, the price of the Nothing Phone (2) in India has been discounted by Rs.

RBI is now in talks with its counterparts in the US and Hong Kong, besides the Society for Worldwide InterBank Financial Communications (Swift), the global financial messaging system, on the prospects of launching digital cross-border settlements. The goal is to make global payments faster and cheaper for both individuals and companies. This is not just forward-looking move but a logical one, too, especially since India appears to have done the hard yards on launching a central bank digital currency or CBDC.

internet intermediaries, including the likes of Google and Meta, are likely to take more time to develop tools to accurately detect and take down deep fake and synthetic content that is present on their platforms, senior executives at these companies told ET. At present, all content which is either problematic or needs to be taken down in accordance with the laws of the country needs to either be flagged by the user or gain “a certain level of traction or virality” to be recognised by machine parameters or artificial intelligence-driven identifiers, these executives said.

Most drivers would pay $15 to enter Manhattan’s central business district under a plan released by New York officials

NEW DELHI : India’s production linked incentive (PLI) scheme for mobile phone manufacturing had generated 500,000 jobs, telecom and IT minister Ashwini Vaishnaw said Thursday, at the inauguration of the Padget Electronics’ new manufacturing plant which will make 25 million phones a year. “Due to PLI, the incremental job creation in the mobile industry is 5 lakh and I’m confident that the number will increase in the next five years," the minister said. Dixon Technologies’ subsidiary Padget Electronics set up its new manufacturing facility in Noida with an investment of ₹256 crore, and had begun production of Xiaomi devices last quarter.

MUMBAI : The Indian Institutes of Technology (IITs) are bracing for a sobering placement season. For the thousands of to-be engineers in the class of 2024, the number of hirings is likely to taper, even while salaries may not fall much. “This year, we added more companies, but there is a 20% dip among the regular recruiters since many say they had over-hired last year.

Paytm, Ola, ITC, Sleepy Owl, Boat, Swiggy, Zomato, India Post and several small aggregators. ONDC started with grocery and consumer goods, before expanding to include food and beverages, and mobility. It has now expanded its catalogue by introducing home and kitchen services, agriculture business-to-consumer products, beauty and personal care, fashion and apparel, electronics and appliances, health and wellness, financial products, etc.

Dixon Technologies' subsidiary Padget Electronics will manufacture Xiaomi smartphones at its new Noida factory that has been set with Rs 256 crore investment, it said on Thursday. The factory was inaugurated by IT Minister Ashwini Vaishnaw which is likely to generate around 5,000 new jobs. The manufacturing facility has an annual production capacity of 25 million units.

Padget Electronics, a wholly owned subsidiary of Dixon Technologies, on Thursday inaugurated a new smartphone manufacturing facility in Noida in the presence of Union Minister of Electronics and The company has invested Rs 256 crore in the facility that takes up 2.7 lakh square feet and has an annual capacity of 25 million units, the company said in a statement. «It is a momentous step towards our commitment of boosting the local smartphone manufacturing system in India,» Sunil Vachani, executive chairman, Dixon Technologies said in a statement.

scuffle broke out at a polling booth in Jangaon Assembly Constituency in Telangana while voting was underway on Thursday. As per the reports, a contingent of police reached the spot and brought the situation under control. The scuffle reportedly broke out between workers of the ruling Bharat Rashtra Samithi, Congress and BJP. The purported video of the scuffle was caught on camera and shared on social media.

Consumption is a theme that has always been a play on India within the emerging market basket, given its enormous size of the population, favourable demographics, and changing preferences particularly among the lower- and middle-class segments. This is one theme that Arvind Kothari of Niveshaay Investment Advisory is extremely positive on, and within this, the smallcase manager prefers discretionary players. “The discretionary space looks interesting to us, and we are comfortable about investing in companies where valuations are more palatable,” Kothari, who is the founder of the investment advisory firm, said in an interview with ETMarkets. Besides consumption, Kothari is also betting on the manufacturing theme, and believes that a third term for the incumbent government in 2024 would back these two themes as it would signify political stability, and continuity of reforms. “If the Indian economy maintains the anticipated growth trajectory, these two themes are well-positioned to be influential in the journey,” he said. Edited excerpts: What’s your take on the current market trajectory as India seems to be outpacing most of its EM peers, notwithstanding the global risks.

Narendra Modi urged the people of Telangana on Thursday to cast their votes in record numbers in the elections to the 119-member state Assembly. Voting began at 7 am at various polling booths across the state.

By Leika Kihara

By Sam Nussey and Miho Uranaka

(This story originally appeared in on Nov 29, 2023)

Arvind Kejriwal government in Delhi will notify its 'Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023' later today. The scheme introduces the nation's first-ever aggregator scheme exclusively tailored for premium buses and calls for a modal shift in public transportation. The buses that will come to be a part of the initiative will have exceptional quality, comfort, and reliability, and will lead to a reduction in congestion and air pollution, the government said.

Bharat Electronics Ltd. fell 0.39 per cent to Rs 140.8 at 01:59PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

By Julie Zhu and Zhuzhu Cui