Electronic Financial News

Reliance Jio has launched JioPhone Prima at an attractive price Rs 2,599. Built on the Kai-OS platform, it offers access to popular apps like YouTube, Facebook, WhatsApp, and Google Voice Assistant. It also supports UPI payments. Featuring a 2.4-inch display screen and an impressive 1800mAh battery, this device offers an array of features. It supports 23 languages. JioPhone Prima is available at retail stores and popular online platforms like Reliance Digital, JioMart Electronics, and Amazon. This device is equipped with digital cameras and supports video calls and photography. What sets it apart is the integration of Jio's digital services, including JioTV, JioCinema, JioSaavn, and JioPay for UPI payments. «The JioPhone Prima isn't just another smartphone; it's a statement of style and substance. It caters to those who demand more than the ordinary. It's a testament to Jio's unwavering commitment to redefine the mobile experience, infusing it with vibrancy, fun, and sheer excitement,» Reliance Jio said in a statement. The phone is locked for Jio network and the user needs to have a JioPhone plan.

IGI Airport is set to introduce 3D computed tomography X-ray (CTX) machines for cabin bag checks, making it the first terminal in India to do so. These CTX scanners eliminate the need for passengers to remove electronic devices such as laptops, chargers, and liquids from their bags during the security screening process. Trial runs for the CTX machines will commence in two weeks at the newly constructed T2 terminal at Kempegowda International Airport in Bengaluru, as confirmed by a spokesperson from Bengaluru International Airport (BIAL).

By David Lawder

While the smaller towns and cities are seeing thriving demand for manpower with many companies ramping up their presence to meet rising consumer demand, job creation remains muted in the metros as companies tread cautiously amid macroeconomic and geopolitical headwinds, according to staffing companies such as Teamlease Services, Xpheno and Foundit.

Mizoram witnessed a voting percentage of over 75 percent. It was incident-free polling.

HEL1OS, attached to Aditya-L1 spacecraft by ISRO for its maiden solar mission, captured the first high-energy X-ray glimpse of solar flares. In its update, ISRO on Tuesday noted that the spectrometer on board Aditya-L1 has recorded the impulsive phase of solar flares, during its first observation period from approximately October 29, 2023. A solar flare is a sudden brightening of the solar atmosphere.

incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, DPIIT Secretary Rajesh Kumar Singh said on Tuesday. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. «In the last quarter (January-March), we are expecting some disbursements,» Singh told reporters on the sidelines of the India Korea Business Partnership Forum meeting here.

ISRO) on Tuesday confirmed that the High Energy L1 Orbiting X-ray Spectrometer (HEL1OS) on board Aditya-L1 has recorded the impulsive phase of solar flares. During its first observation period from approximately 12:00 to 22:00 UT on October 29, 2023, the High Energy L1 Orbiting X-ray Spectrometer (HEL1OS) on board Aditya-L1 has recorded the impulsive phase of solar flares, ISRO said in a post on X. «The recorded data is consistent with the X-ray light curves provided by NOAA's GOES,» ISRO added.

E-commerce major Amazon India on Tuesday said its 2023 festive sale is the best in its 13 years of operations in the country fuelled by a strong demand, a company official said. Online sales by the e-commerce industry during this festive season are expected to witness 18-20 per cent growth to reach Rs 90,000 crore, according to market research firm Redseer Strategy Consultants.

₹665 crore) from Teachers’ Venture Growth (TVG), the late-stage investment arm of the Ontario Teachers’ Pension Plan (OTPP). The firm said it would use the fresh capital to drive growth and support its management team's ambitions. “We believe the logistics sector is at the cusp of technological disruption and this is the right time to expand service offerings to address the growing needs of businesses and consumers," said Amitava Saha, founder and chief executive officer at Xpressbees.

social media companies and reiterated the existing advisory, sources said on Tuesday. According to the sources, the advisory reiterated the existing rules including 66D of the Information Technology Act, 2000: Punishment for cheating by personation by using computer resources: imprisonment of up to 3 years and a fine of up to Rs 1 lakh. «IT Intermediary Rules: Rule 3(1)(b)(vii): Social media intermediary shall observe due diligence including ensuring the rules and regulations, privacy policy or user agreement of the intermediary inform users not to host any content that impersonates another person,» sources said.

A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled

Shares have mostly fallen in Asia after a mixed close on Wall Street

Bharat Electronics Ltd. rose 0.32 per cent to Rs 138.05 at 11:57AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

Honasa Consumer, the parent entity of Mamaearth brand, listed on bourses on Tuesday, with a premium of 2% over the issue price. The stock got listed at Rs 330 on NSE as against the IPO price of Rs 324. Meanwhile, on BSE, it debuted at Rs 324. The IPO closed on Thursday, with it getting bids for 7.61 times the shares on offer.

Elon Musk's electric vehicle (EV) company Tesla to India as soon as January 2024, The Economic Times reported. The Prime Minister's Office recently convened a meeting to discuss the future of EV manufacturing in India, which includes Tesla's investment proposal, it added. While the meeting was focused on policy matters, officials did prioritise the acceleration of approvals for Tesla's proposed investment in the country by January 2024, an official told the paper.

semiconductor industry has been in the limelight in recent years due to its soaring demand and the persistent global shortage of chips, making it a favoured investment sector for investors looking for high growth. Adding to this excitement, Qualcomm Inc., a global semiconductor giant, has announced plans to outsource the manufacturing of semiconductor chips in India. The company aims to capitalise on its substantial scale and the need for high chip volumes by collaborating with key industry players to introduce state-of-the-art technology in the country.

Global Advanced Metals is up for sale after a maverick run offloading three undeveloped West Australian mines that went on to become world-class lithium assets.

By Francesco Guarascio

primary market has been one of the shining lights in the investment arena this year with a bumper rush of public offers and healthy listing gains. Six IPOs have turned multibaggers in Samvat 2079 with the highest return of over 300% by Kaynes Technology. The other offers which have delivered over 100% returns till date include Plaza Wires, Cyient DL, Global Health, Senco Gold and Utkarsh Small Finance Bank. While Plaza Wires is up about 163% from its offer price, Cyient DLM and Global Health are each trading 140% higher. Other notable mentions are the ideaForge and Netweb Technologies IPOs, whose shares doubled investors wealth on listing day.