Electronic Financial News

Large technology firms, which already comply with global privacy laws such as European GDPR will be given six months to comply with the new Data Act, according to Rajeev Chandrasekhar, minister of state for electronics and IT.

Tata Sons, the holding company of the salt-to-aviation Tata Group, has appointed Banmali Agrawala as the new chairman of Tata Advanced Systems (TASL), the group's aerospace and defence solutions unit, according to people aware of the development. Agrawala succeeds Vijay Singh who has retired. Agrawala is also a senior advisor at Tata Sons and chairman of Tata Electronics.

BNS) which seeks to replace the colonial era Indian Penal Code (IPC). The sources said lynching has been «kept along with murder». The law panel suggested that it should be «separated» and carved out as a separate offence itself «instead of part of murder». Law Commission Chairperson Justice (retd) Ritu Raj Awasthi was also present at the meeting of the standing committee on Home headed by BJP's Brijlal, a former director general of police of Uttar Pradesh. What amounts to «lynching» should also be defined for greater clarity, the law panel suggested, according to the sources. The BNS uses the term "mental illness" in place of «unsound mind», «lunatic» and «idiot» which are in use in the present IPC. The words were replaced as they were «colonial» in nature, the sources pointed out citing the BNS. The definition of «mental illness» was taken from the Mental Healthcare Act, 2017.

Sachin Waze wanted to create terror in the mind of the Ambani family, a special court here observed in its order denying bail to him in the Antilia bomb scare case and the killing of businessman Mansukh Hiran. The court held that though the gelatin sticks planted near Antilia, the Ambani residence, were not connected to a detonator, it was sufficient to create terror in the minds of people. Special NIA judge A M Patil denied bail to Waze on September 16 and the detailed order was made available on Friday. Citing statements of witnesses, the court said the applicant and the co-accused in the case had tried to spread terror in the mind of the Ambani family and had eliminated Hiran after conspiring with each other. «It was a well-planned murder.

Krishna Byre Gowda announced on Friday. They will function on September 23, Saturday also, though it is a government holiday. The minister's announcement followed a sharp jump in property registrations as the government has increased the guidance value of immovable properties as much as 30%, effective October 1. Property buyers are rushing to sub registrar's offices to complete the registration process before October 1 to save on the additional stamp duty as well as the registration costs. The Revenue Minister on Tuesday announced that the guidance value of properties in Bengaluru will go up from October 1 by 25%-30% on average. Plots near the national highways and in technology corridors such as electronic city, the jump in guidance value will be as high as 50%.

New Delhi: Micron Technology, Inc. will have the groundbreaking of its $2.75 billion assembly, testing and packaging plant (ATMP) in Sanand, Gujarat, on Saturday, Rajeev Chandrasekhar, minister of state for electronics and IT said today.

IT hardware players that the process of import authorisation for laptops, tablet, servers etc. will be completely online and has sought data of the past three years for the inbound shipments of mobile, IT and telecom products, sources aware of the development said.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Supreme Court on Friday refused to entertain a PIL seeking an audit of the software used in electronic voting machines (EVMs) used by the Election Commission. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said no actionable material that the poll panel «acted in breach of constitutional mandate» in holding polls has been placed before it. «The Election Commission is entrusted with the control over elections.

ONDC) has enabled a network-level gift card — “ONDC Network Gift Card” — that companies can use for corporate gifting and employee engagement ahead of the upcoming festive season. Gift cards can be loaded for a maximum amount of Rs 10,000 and are powered by the Rupay Network.

Tesla's India entry being a question of when, not if, Dalal Street investors have found another reason to turn bullish on auto stocks, and ancillaries in particular. Tesla, which was looking to source $1.7-1.9 billion worth of auto parts from India this year, is said to be exploring the possibility of bringing its auto parts and electronics chain to India. Wherever Tesla sets up a base, it does so with its entire supplier base. “Tesla already last year bought $1 billion of components I think… this year the target is $1.7 or $1.9 billion," commerce and industry minister Piyush Goyal had said last week. Earlier in June this year, Tesla CEO Elon Musk said the company could soon be setting up a manufacturing base in India.

«I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day,» says Jairam Sampath, Kaynes Technology.First HNI investors, then institutional brokerages and now retail brokerages, are you surprised with how suddenly everybody is excited about the EMS space?Yes, so in our journey for the country from a low income group to a reasonably sized income, I think one of the things which was lacking in our country was the impetus to manufacturing and I think it looks like electronics manufacturing is going to be the flag bearer of the emergence of manufacturing. I would not say resurgence because we always had not too much of manufacturing on our plate. So yes, I am not surprised that across the board, people are excited and they are lending their support both morally and physically.Your big deal wins in last three months, which give you the confidence that the renaissance moment has arrived?I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day.

Bitcoin advocate Nic Carter has come out to reiterate his support for the theory that the United States National Security Agency (NSA) had something to do with the creation of Bitcoin (BTC).

Bharat Electronics Ltd. gained 0.4 per cent to Rs 135.75 at 11:21AM (IST) in Friday's trade.

Former ISRO Chairman G Madhavan Nair says, "Vikram Lander and Pragyan Rover have been in deep sleep for almost two weeks now. It is almost like checking out something from the freezer and then trying to use it.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd., says “one should not be getting euphoric in EMS space. The same thing applies to defence and railways stocks. We will have to keep a level head on this particular aspect. There is going to be growth. There is going to be opportunity. But at the same time, one should keep an eye on whether they will generate enough margin. Keep an eye on whether they generate growth beyond 20%.”In the case of PSU stocks, when you see price action, which is close to its free float, and then the government holding is tight, one would expect a lot of volatility.I probably do not want to disagree but I would like to say that the market has created a situation where in an election year, the government is not likely to divest public sector companies shares and as a result of which, the free float in the market is going to remain comparatively tight. As a result of which and because of the new funds which are coming into the market, people would like to buy something which they missed out till now. As a result, they would create a situation of buying into them.

Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to $1.75 billion

Hiranandani Group, has submitted revised proposals for an assembly, testing, marking and packaging (ATMP) facility and a compound semiconductor unit, along with other companies, officials told ET. «Apart from an ATMP proposal, they have also submitted one for compound fabs,» one of the officials told ET.

Toshiba says a 2 trillion yen ($14 billion) tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted

RBI) latest data on household financial savings has generated a lot of interest. India’s gross financial savings rate declined from 15.4% of GDP in 2020-21 to 10.9% in 2022-23 and net financial savings rate has declined from 11.5% to 5.1%. Is there a problem here? The answer is ‘yes’ and ‘no.’ Yes, because it can impact our growth prospects, leaving us more dependent on foreign capital to finance investment.

Big Billion Days 2023 Sale on the platform. The sale is often considered a high time revenue generation chance for the e-commerce platform and potential customers in India also wait for it. As per the track record, interested buyers can expect bank offers, discounts, cashbacks and price cuts in broadly all categories.