Electronic Financial News

New Delhi, 3rd October 2023 — Hisense, the global leader in consumer electronics and home appliances, is pleased to announce the appointment of Ravindra Jadeja, the renowned cricketer and all-rounder, as its brand ambassador for the Television, AC, and Refrigerator categories. He is the company’s first ambassador in the Indian market.

TikTok said it will halt its online retail operation in Indonesia on Wednesday to comply with the country's decision to ban e-commerce transactions on social media platforms — a big blow to the video platform's fastest-growing market. The Indonesian government announced the new regulation, which prohibits social media companies from facilitating sales of products on their platforms, on Sept 28 in a bid to protect small businesses from e-commerce competition, accusing the popular apps and websites of predatory pricing. The Chinese-owned video sharing app said in a statement it will stop facilitating e-commerce sales in TikTok Shop Indonesia by 5 pm Wednesday.

₹30,000 on their smartphone 2 or 3 years ago are now looking at around ₹50,000 as a price point for their new phone—or even doubling or tripling their budget, notes Faisal Kawoosa, founder and chief analyst, Techarc. He further adds, "Of late, thanks to multiple Android brands, a mid-premium segment has emerged that is priced at around ₹30,000-40,000. For these customers, the mind map is that the next upgrade has to scale up in price to ₹50,000 and above.

Hindustan Aeronautics (HAL) with its long-term business outlook and strong execution capabilities is well on track to report 11% earnings CAGR over FY23-26E. “Given the multi-year double-digit earnings growth potential and robust return ratio profile of +20%, we believe that the stock is attractively valued," it said. The brokerage has a ‘Buy’ rating on the stock with a target price of ₹2,590 per share, implying an upside of over 37% from Wednesday's low price.

Pubs billionaire Bruce Mathieson wants a delay in Endeavour Group’s annual meeting and fresh information to be sent to the hotels and liquor retailing group’s 422,000 shareholders, as hostilities between the two groups worsened.

six airbags as a standard feature in this model. Hyundai also announced its intention to send three vehicles to Bharat NCAP for comprehensive crash testing. This suggests that the Verna may have been one of the final cars to undergo testing by Global NCAP, adds the report.

It took only a week for the central Kansas police chief who led an August raid on the local newspaper to go from looking like he had enough support at city hall to keep his job to resigning

Bharat Electronics Ltd. slipped 1.25 per cent to Rs 137.4 in Wednesday's trade as of 12:27PM (IST). The stock hit a high price of Rs 138.7 and low of Rs 136.85 during the session.

Krafton introduces Indian Faction in Road to Valor: Empires with two new guardians Krafton's KIGI programme will last from six months to a year and will support around 6-10 teams annually by mentoring them and providing them with access to the company's internal resources including data analytics and market research. After the completion of the programme, participants will have the choice to have their games self-published or take venture capital funding from external investors and Krafton.

It is a system that has barely changed since the nineteenth century. But that dependence on bits of paper being flown from one party to another has become a vulnerability for companies which move and finance the world’s resources around the globe.

Bengaluru: In the 2009 Bollywood movie 3 Idiots, Aamir Khan, who plays an engineering student named Rancho, guides a drone with four rotors to the window of a classmate’s hostel room and catches him unguarded… and unclad. The drone, technically known as an unmanned aerial vehicle or UAV, was an early vertical take-off and landing (VTOL) prototype manufactured by Mumbai-based startup ideaForge Technology. The company has come a long way in the years since and is now India’s largest drone startup.

Krypton Solutions is likely to invest $100 million (Rs 832 crore) to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka. Semiconductor manufacturing company Texas Instruments also affirmed its commitment to research and development (R&D) expansion in the state during a meeting with the state industries minister MB Patil in the US on Monday. Krypton Solutions, which plans to invest in Bommasandra for a new PCB facility in Karnataka, has already completed preliminary discussions with the government.

Innovations tend to be, by their very nature, disruptive. Governments tend to be, by their very nature, wary of disruption. Satisfying the primary objectives of these fundamentally different stakeholders in a single piece of legislation is, therefore, requires a nigh-on impossible balancing act.

Delhi Police also raided the homes of several of NewsClick journalists, in what critics are describing as an attack on one of India's few remaining independent news outlets. NewsClick was founded in 2009. The portal has gained the reputation as a rare Indian news outlets that is willing to criticize Prime Minister Narendra Modi and his brand of politics.

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L’Huillier discovered that many different overtones of light arose when she transmitted infrared laser light through a noble gas. Only four women have won the Nobel Physics Prize since the award was first handed out in 1901: Marie Curie (1903), Maria Goeppert Mayer (1963), Donna Strickland (2018) and Andrea Ghez (2020). L'Huillier was one of the recipients of last year's prestigious Wolf Prize, whose laureates occasionally go on to win the Nobel. Each overtone is a light wave with a given number of cycles for each cycle in the laser light.

Such practices assume importance as the information and communication technology (ICT) sector accounts for 1.8%-3.9% of global greenhouse gas emissions, and data centers take up 3% of annual energy consumption, a rise of 100% in the last decade. Sustainable computing or green computing is a practice of maximising energy efficiency and minimising the negative impacts on the environment. It involves green practices in the ways computer chips, data storage systems and software are designed and used. According to a report published by the Association for Computing Machinery, “The energy demands and carbon output of computing and the entire ICT sector must be dramatically moderated if climate change is to be slowed in time to avoid catastrophic environmental damage.” Sudhir Goel, Chief Business Officer of Acer India, says, “We have joined the global RE100 initiative, pledging to utilise 100% renewable energy by 2035.

Su 30MKI fighter jet fleet is set to be upgraded under a plan that will include completely new avionics, radars and electronic warfare suites. Close to 100 of the fighters are to be upgraded in the first tranche that will be conducted entirely in India. Sources said the upgrade plan is valued in excess of Rs 60,000 crore and will touch all aspects of the fighter jet except for its airframe and engines.

New Delhi: Akash Tripathi, chief executive of the Centre’s citizen engagement platform MyGov, is set to become the new CEO of India Semiconductor Mission (ISM), starting 9 October, people familiar with the matter said on Monday. ISM functions as an independent, specialized division under the Digital India Corp. Established in 2021 with a financial commitment of $10 billion ( ₹76,000 crore) under the ministry of electronics and information technology, its primary mission is to cultivate a robust semiconductor and display ecosystem, besides positioning India as a leading global hub for electronics manufacturing and design.

Credit cards serve as valuable financial instruments, enabling seamless transactions and the option to convert significant expenditures into manageable EMIs. Festive seasons, as well as other occasions, witness a plethora of enticing discounts and special offers extended by offline and online retailers to attract customers.

Sales of fast-moving consumer goods (FMCG), cars, smartphones, and household appliances surged in the September quarter, both sequentially and year-on-year, company executives told ET. Lower inflation, improved monsoon, fall in prices and offers given by companies to pass on the benefits of lower input costs lifted consumer sentiment. Passenger vehicle makers ended September with the best-ever quarter, clocking record sales. Chief executives said the consumption boost in the September quarter is a sign that the festive season may go well. Festive season accounts for as much as 30-40% of sales in categories such as passenger vehicles, smartphones, televisions, and appliances. The FMCG market grew 8-12% from a year ago in the September quarter by value, as per data from companies, boosted by a revival in rural demand and price cuts in several categories.