Electronic Financial News

Bloomberg report. In the wake of Hamas’s long-planned and brutal October 7 assault on Israel, the Israeli security establishment is looking back on his words in a new light: as part of an effort to create the illusion that Hamas, considered a terrorist group by the US and European Union, was limiting its embrace of violence to focus on governance. Israeli officials now acknowledge that a sense of complacency had set in around Hamas.

Also read: Xiaomi reveals its first electric car SU7 Xiaomi is emerging from a years-long funk, when global demand for smartphone and other electronics cratered and rivals from Huawei Technologies Co. to Apple Inc. and Oppo encroached on its once-dominant position.

A post shared by NASA (@nasa) Apart from the radiating Earth's horizon, the citylights of Denver and Chicago lit up a beautiful pattern of lights at the Earth's surface. “Lights from cities dot Earth’s surface – among them, a concentration of lights near the horizon identify the city of Chicago, while the concentration of lights closer to the bottom left identify Denve," it added.

₹778 compared to the issue price of ₹587 apiece. Later, it finished the first day with a 17.5% gain at ₹690. The stock has experienced a one-way spike since its listing, and it is now up by 321% at ₹2,474 apiece as against its issue price.

₹70,000 crore so far this fiscal. Part of the reason is the government's decision to withdraw ₹2,000 notes from circulation in May this year. Meanwhile, the total number of ATMs increased by about 3,000, or by about 1.2%, during this period.

Chhath Puja Sale: Following the Diwali festive week, the Chhath Puja festival has recorded trade worth more than Rs 8,000 crore for retailers, the traders’ body Confederation of All India Traders (CAIT) said. Celebrated in Bihar, Jharkhand, Eastern Uttar Pradesh, Delhi, Orissa, West Bengal, Maharashtra, Rajasthan, Chhattisgarh, Madhya Pradesh and other states, the festival is among the biggest celebrations of Indian folk culture starting from Nahay-Khay and ending at Paran.

Co-working spaces have revolutionised the modern work environment, providing freelancers, SMEs (small and medium enterprises), and startups with a fixed base where they can thrive and be a significant part of the business ecosystem. According to a report by Mordor Intelligence, the current co-working market in India is worth USD 1.78 billion. This showcases a surge in demand for flexible and collaborative working environments.

rules of origin for the medical devices sector remains a sticking-point in the proposed free-trade agreement (FTA) between India and the UK and the talks are on to iron out the differences, an official said. Huge potential is there in the medical devices sector in India, as it imports about 80 per cent of its requirement, with the US, Germany, China, Singapore and Netherlands being top exporters of such devices to the country. «In the medical devices sector, a lot of issues related to rules of origin are still there. Demand for customs duty concessions is also there,» the official said, adding negotiations are going on between the two countries to resolve the differences in both goods and services sectors. The government has taken steps to promote domestic manufacturing of medical devices/equipment and attract large investment in the sector.

Bharat Electronics Ltd. fell 1.85 per cent to Rs 143.4 in Monday's trade as of 02:00PM (IST) even as the benchmark Nifty ruled at 19692.2, down 39.6 points. The scrip had closed at Rs 146.1 in the previous session.

US citizens by falsely claiming to renew their policies or providing technical assistance. Among those arrested was Ankur Gupta, an MBA graduate who led the gang.

LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday. Shares of LTIMindtree jumped over 2% to the day's high of Rs 5638 on the BSE while BEL fell 1.4% to the day's low of Rs 143.95. Meanwhile, UPL traded flat though the bias was positive and Dabur India gained up to 0.40% to Rs 543.85 around 12 pm. The rejig exercise will also be in other indices on the BSE viz.

Hindustan Aeronautics and IDFC First Bank are among the seven stocks that will be included in the S&P BSE 100 index, while Tata Elxsi, Voltas and Adani Group stocks Adani Power and ACC, among 3 others will be excluded from the index. Asia Index Pvt Ltd, a 50-50 partnership between S&P Dow Jones Indices LLC and BSE Ltd, on November 17 announced the reconstitution of S&P BSE Indices.

By Tetsushi Kajimoto and Kentaro Sugiyama

However, brands said they may have to forsake some of their margin if the cost of borrowing goes up for such consumer loans — especially for no-cost EMIs whose interest cost they either bear alone or with retailers — after the Reserve Bank of India increased the risk weight on consumer credit including credit card receivables and bank loans to NBFCs by a fourth. The central bank's latest move may force banks and non-banks to set aside more capital, which can potentially increase the lending rates. «Indian consumers are not going to buy consumer goods on EMIs unless those are no-cost,» Haier India president Satish NS said. «So, any increase in borrowing cost will have to be borne by the brands or they may pass it by marginally increasing product prices.» Cars costing upwards of ₹10 lakh accounted for 41% in total sales in 2022.

UCO Bank received a pleasant surprise earlier this month when a technical glitch resulted in the bank erroneously transferring a total of Rs 820 crore through the mobile-based Immediate Payment Service (IMPS) system to their accounts. The bank managed to recover most of the money, but it has raised serious concerns about account safety and what can customers do in case of such fraudulent or erroneous debits or credits. Which are the electronic transactions vulnerable to fraud? The Reserve Bank of India classifies electronic transactions into two broad categories: online transactions (internet banking, mobile banking and prepaid) and face-to-face transactions (needing a physical payment instrument such as a card or mobile phone at an ATM or a point-of-sale terminal).

Air Force capabilities but also in increasing the productivity and production ability of defence public sector units, Air Chief Marshal Vivek Ram Chaudhari said on Sunday. Responding to a question during a session at the Synergia Conclave 2023, he said the private industry also needs to ensure that they match up with the production capability to ensure that the rollout of fighters that the Air Force orders takes place on time.

Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident. According to sources, the banks have been advised to check their cybersecurity robustness and take measures to strengthen them.

cricket fervour peaks for the ICC World Cup showdown between India and Australia at Ahmedabad's Narendra Modi Stadium, the fortunate few attending the live spectacle are gearing up for an electrifying experience. In a helpful post on X, cricket enthusiast Kaashvi Saxena shared essential tips to ensure a smooth and enjoyable time at the stadium. In adherence to stadium policies, Kaashvi emphasised the need to travel light, pointing out that items like AirPods, earphones, and power banks are strictly prohibited.

critical minerals that, among other things, are key to transitioning to clean energy with some prodding from the US in the run-up to Prime Minister Narendra Modi's state visit. The major factors aiding India's induction into this group included the sheer size of its market, criticality in meeting the global goals for mitigating greenhouse gases and, as the voice of the Global South, a phrase used for less developed and developing countries. The Minerals Security Partnership, as the group founded in June 2022 is called, seeks to offer an alternative to China's dominance in mining and processing critical minerals such lithium, cobalt, copper and others. Lithium is a key component of batteries and demand for it is estimated to go up by more than 40 times in view of the large-scale transitioning to electric vehicles of all kinds — cars, buses and two-wheelers — over the next couple of years. Australia, a member of the MSP, is the largest producer of this mineral and China is the third largest. These countries want to put together a supply chain in critical minerals — from exploration to mining to processing to distribution — that is safe from disruptions, the kind triggered by unforeseen events such as the Covid-19 pandemic, or manipulation by monopoly majority stakeholders. Geoffrey Pyatt, the US Assistant Secretary of State for Energy Resources, set the conversation rolling during a visit to India prior to the Prime Minister's visit. Though he wouldn't say that this was like an «American demand», he said this when asked if India sought membership of the group or it was persuaded to join it. «We were both pushing on an open door.

Inflation eased in both the US and UK, prompting bets that central banks on both sides of the Atlantic will start cutting interest rates by the middle of next year. Meantime, expectations for growth across Europe are improving, but the rebound remains fragile in the European Union’s east. The economic recoveries underway in China and Japan are also shaky given slowing consumption, among other factors. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: US US inflation broadly slowed in October, which markets cheered as a strong indication that the Federal Reserve is done hiking interest rates.

MAIT said that India is poised for a revolutionary leap in IT hardware manufacturing. The government on Saturday announced that 27 firms, including Dell, HP, Flextronics, and Foxconn, have been granted approval under the PLI scheme for IT hardware. The scheme, which covers laptops, tablets, PCs, servers and ultra-small form factor devices, is expected to fuel incremental investments of about Rs 3,000 crore.