Electronic Financial News

India is pulling out all the stops to get Elon Musk's Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister's Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the country, including Tesla's investment proposal, people with knowledge of the matter told ET. «Though the agenda of the meeting was centred on general policy matters, fast-tracking approvals by January 2024 to Tesla's proposed investment in the country was spelt out,» a top official said.

U.S. officials and lawmakers expressed support for the extension of a trade program that grants eligible African countries duty-free access to U.S. markets

Rashmika Mandanna, Rajeev Chandrasekhar, union minister of state for electronics and IT, has warned. “Under the IT rules notified in April 2023 — it is a legal obligation for platforms to ensure no misinformation is posted by any user AND ensure that when reported by any user or government, misinformation is removed in 36 hours,” the minister said in a post on X after the video went viral on Monday.

Vedanta Ltd a lesson on the better path toward industrial expansion. Taipei-based Wistron is slowly exiting its business of assembling Apple’s marquee product. Two years ago, it sold a Chinese unit that makes iPhones to Luxshare Precision Industry Co.

ElectroRide by Goenka Green, a multi-brand electric vehicle retail chain has received orders from Uber and Jubilant FoodWorks to provide customised end-to-end EV mobility solutions. The mandate aims to advance clean and sustainable urban transportation with light commercial vehicles on long-term rental as well as outright purchase basis. 

Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology of India, has reacted to a viral deep-fake video of actress of Rashmika Mandanna. In a post on social media platform X, the minister said that deep fakes are latest and even more dangerous and damaging form of misinformation and needs to be dealt with by platforms.

An unnamed senior mining executive sexually harassed a female staffer from Gumtree and HotCopper operator, The Market Herald, at the house of the company director Gavin Argyle, according to fresh allegations made in the bitter feud for control of the Perth-based business publication.

Data Patterns (India), one of the country's leading defence electronics companies, spiked up nearly 6% to ₹2,031.35 apiece in early trade on Monday, led by robust performance in Q2FY24. During the September quarter, the company reported a 61% increase in net profit, reaching ₹33.79 crore, compared to a net profit of ₹21.05 crore. The total revenue for Q2 also showed growth, rising by 32% to reach ₹108 crore, up from the previous year's Q2 revenue of ₹88 crore.

Tata Group will one day become a case study for Indian industrial policy. The conglomerate has a high chance of success through buying its way into iPhone manufacturing, offering rival empires like mining group Vedanta Ltd. a lesson on the better path toward industrial expansion. Wistron Corp., a Taipei-based maker of computers, servers and smartphones, is slowly exiting its business of assembling Apple Inc.’s marquee product. Two years ago, it sold a Chinese unit that makes iPhones to Luxshare Precision Industry Co. for 3.35 billion yuan ($457 million). On Oct. 27, it announced the sale of Wistron InfoComm Manufacturing (India) Private Ltd., known as WMMI, to Tata Electronics Private Ltd.

Last weekend, customers of several major U.S. banks experienced deposit delays due to a glitch in a banking processing system. The issue, which was linked to the Electronic Payments Network associated with the Automated Clearing House (ACH), impacted banks such as Bank of America, U.S. Bank, Truist, and Chase Bank.

MPs Mahua Moitra, Shashi Tharoor and Asaduddin Owaisi, received a message from Apple. It read: “State-sponsored attackers may be targeting your iPhone." Besides them, two editors also received the message. Siddharth Varadarajan, one of them, had caused a stir in Indian politics in July 2021 when he revealed the deployment of Pegasus spyware on mobile phones and other devices.

In a constantly evolving global financial landscape, investors are on the lookout for opportunities to safeguard their wealth and diversify their portfolios. Precious metals have traditionally served as a safe haven for investors during times of economic uncertainty, and silver is no exception. In 2023, it continues to pique the interest of those assessing its investment potential.

A fundamental concept in the technology sector, Moore’s law foretells the exponential rise in computing power over time and is named after Gordon Moore.

₹508 crore being paid to Chhattisgarh Chief Minister Bhupesh Baghel by Mahadev app promoters. “Congress government in Chhattisgarh has not spared any chance to loot you.

₹10,000 in the name of ‘pet maintenance’. The Resident Welfare Association (RWA) of Ittina Mahavir apartment in the Electronic City issued a notice asking its residents to pay a refundable amount of ₹10,000 as registeration fee for keeping pets. In its notice, the RWA said that the pet maintenance charge will be used to treat the victims of dog bites and for other pet-maintenance related work in the residential area, according to a Times of India report.

₹1 lakh in December 2000 would have been ₹21 lakh today. From the latest intra high of 17,754.05, dated September 12, it went down by 7.25% on October 26, and on November 3, Nifty 50 closed at 17,000.95, which is 4.25% lower. A short-term break in the long-term growing market.

Citi might be in the midst of a substantial re-shuffle, involving both job cuts and senior leadership “optimization”, but that doesn’t mean some of its managing directors aren't leaving of their own accords and joiningJane Street, in the promised land of electronic trading. 

Australia’s manufacturing sector requires huge amounts of heat and that hasn’t really changed since our first factories were built. While there’s now plenty of robots and advanced electronics in some industries, heavy industrial manufacturing such as the production of steel and cement hasn’t really changed in over 100 years.

cyber scam, etc). Individuals might be the victim of financial fraud or identity theft if cyber criminals programmed the bots to operate in such a way. Cyber Swachhta Kendra (CSK) is a free botnet cleaning and malware analysis system that is operated by the Indian Computer Emergency Response Team (CERT-In). CERT-In works under the Ministry of Electronics and Information Technology (MeitY). CERT-In under the CSK program collaborated with various cyber security companies to develop a free bot removal tool. This bot removal tool is given to every Indian citizen at no cost and can help detect and clean bot infection in Windows laptops/desktops and Android devices. How will this tool help you? Answering this, CERT-In says on their website: «Its goal is to create a secure cyberspace by detecting botnet infections in India and to notify, enable cleaning and securing systems of end users to prevent further infections.»

Microchips are hot. Literally. As engineers cram more functions and power into chips, they require more energy and, thus, produce more heat than ever before.

Information Security Awareness (ISEA) by the Ministry of Electronics and Information Technology (MeitY) has issued an advisory about a fake traffic e-challan scam in recent months which people should be aware of.