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Mint reported that DPDP rules are slated to be rolled out in a “graded" manner, wherein large, global firms will get six months to become compliant with the new data regulation in India. Smaller companies are likely to be offered more time to comply with the rules. Companies have started working on it too—on 28 September, Nick Clegg, Meta’s president of global affairs, told Mint in an interview that the company is already working to comply with India’s data regulations.

₹68,937 crore in Q2FY24, a growth of 19.5% over Q2FY23 revenue of ₹57,694 crore. During the quarter, the company achieved an EBITDA of ₹5,820 crore, marking a 32.2% improvement over the previous year's EBITDA of ₹4,404 crore and a 13.25% surge compared to the Q1 FY24 figure of ₹5,139 crore. The EBITDA margin also expanded to 8.4%, showing an 80-basis point increase from the EBITDA margin of 7.6% in Q2 FY23.

₹2 trillion worth of electronics manufactured in the country. “Samsung Fold Five and Apple iPhone 15 are already being manufactured here", he added, while stressing the need to take this success in mobile and electronics manufacturing further.

Maruti Suzuki Q2 Results Preview: Maruti Suzuki is all set to announce its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, October 27. India's largest car manufacturer is expected to report robust earnings on the back of healthy volumes, a rich product mix, and softer commodity costs, according to estimates by analysts and leading brokerage houses. Maruti Suzuki highlighted in its FY23 annual report that it expects a 6 per cent compound annual growth rate (CAGR) until FY31 for the Indian passenger vehicle (PV) industry.

Digital Personal Data Protection Act. In a letter addressed to Union and state electronics and information technology minister Ashwini Vaishnaw and Rajeev Chandrasekhar, the industry association has said that implementation of the provisions of the DPDP Act would require structural changes in organisations and businesses and they are likely to face a significant amount of challenges during the course of such transitions.

Amber Enterprises following the company's September quarter results. In Q2 FY24, the consumer durable firm reported a net loss of ₹4 crore. This loss was primarily attributed to a significant increase in depreciation cost by 42% year-on-year (YoY) and a 50% YoY surge in finance cost.

Optiemus Infracom Ltd, which will be called Bharat Innovation Glass Technologies. “For the first time cover glass will be made in India for both local and international OEMs that are assembling their devices in India. The technology is scalable and can be expanded to support an increase in supplies.

Bharat Electronics Ltd. dropped 2.85 per cent to Rs 127.45 at 01:34PM (IST) in Thursday's trade. The counter has hit a high of Rs 130.2 and low of Rs 127.0 so far during the session.

China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter. Reuters is reporting for the first time details of tenders from the government, military and state-linked entities, which show an acceleration in domestic substitution since last year.

Kansas officials are calling a massive computer outage that’s kept most of the state’s courts offline for two weeks a “security incident.”

BEIJING (Reuters) — China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.

JB Hi-Fi boss Terry Smart says first-quarter sales are trading in line with expectations, trending softer at its Australian electronics stores and sinking 12.2 per cent at white goods retailer The Good Guys.

₹300 crore over three years to rebuild the brand in India, initiate R&D activities and stock products. In the first phase, the firm will manufacture lead acid batteries for automobiles as well as home inverter, uninterruptible power supply systems and voltage stabilizers. Once the Daewoo brand is established, say with 1.5 years, the company intends to introduce consumer durables, such as LED televisions, air purifier and speaker systems, besides offering e-bikes and electric cycles.

India and Japan on a Semiconductor Supply Chain Partnership, an official statement said on Wednesday. The memorandum of cooperation between the two countries was signed in July.

Daewoo has entered into fast-growing Indian consumer electronics and appliances market through its licensee partner Kelwon Electronics & Appliances, which has plans to invest around Rs 300 crore in the next three years. Kelwon, which sells products, including Lithium Hybrid Inverters and LED TVs, will introduce products in sectors such as energy and power, and consumer electronics, under brand Daewoo — now owned by South Korean conglomerate POSCO DAEWOO.

Rajeev Chandrasekhar. “October 20 to November 21, 1962, will forever be etched as a dark and humiliating chapter in the history of Independent India," Chandrasekhar, who is the Union Minister of State for Electronics and IT, posted on social media platform X. Chandrasekhar blamed the “Hindi-Chini bhai bhai" policy for the setback then suffered by India.

₹200 crores, the Chief Minister's Office said in ana official statement. Graphene is called a wonder material for its extraordinary electrical and electronic properties, in the state.

Delhi court on Wednesday sent NewsClick founder Prabir Purkayastha and human resources department head Amit Chakravarty to police custody till November 2 in a case lodged under the anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda. The accused were produced in the court on the expiry of their 15-day judicial custody granted by it earlier. The police had requested the court on October 10 to send the accused persons to jail and had submitted that the agency could ask for their further custodial interrogation later. The police on Wednesday told the judge that it wanted to confront the accused with some protected witnesses and also some devices which were examined and the data that has been extracted. Advocate Arshdeep Singh Khurana, appearing for Purkayastha, opposed the police remand plea claiming that there was no new ground in the application. The Special Cell of Delhi Police had arrested Purkayastha and Chakravarty on October 3. According to the FIR, a large amount of funds to the news portal came from China to «disrupt the sovereignty of India» and cause disaffection against the country. It also alleged Purkayastha conspired with a group — People's Alliance for Democracy and Secularism (PADS) — to sabotage the electoral process during the 2019 Lok Sabha polls. Raids were conducted at 88 locations in Delhi and seven in other states on October 3 on the suspects named in the FIR and those that surfaced in the analysis of data, police said. Around 300 electronic gadgets were also seized from the offices of NewsClick and residences of the journalists who were examined. Following the raids, 46 individuals, including nine female journalists, were questioned by

By Sam Nussey and Miho Uranaka

CBRE, the Industrial & Logistics (I&L) sector is likely to touch a 5-year high absorption mark and touch 36 – 38 million sq ft in 2023 across the top 8 cities in India. “With the surge in quality supply additions, robust festive demand, and the completion of pent-up projects, we anticipate the overall absorption to touch a 5-year high, reaching an impressive 36-38 million square feet by the end of 2023. The active participation of larger developers backed by institutional funds, contributing around 40% to the completed projects, underscores the sector's growth potential,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.

Bharat Electronics Ltd. traded 0.07 per cent lower in Wednesday's session at 11:01AM (IST). The stock opened at Rs 132.4 and has touched an intraday high and low of Rs 134.65 and Rs 132.4, respectively, during the session so far.