Electronic Financial News

Bharat Electronics Limited on Friday announced that it has received an order of Rs 2,118.57 crore from Cochin Shipyard Limited for supply of various equipment for Indian Navy. The order consists of consisting of Sensors, Weapon equipment, Fire Control systems and Communication equipment for six numbers of Next Generation Missile Vessels (NGMV), class of anti-surface warfare corvettes. The project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL. The equipment manufactured by BEL are part of 'Aatmanirbhar Bharat' program. The The Bengaluru-headquartered defence major recently also received additional orders worth Rs 886 crore and the said orders pertain to upgrade of AFNET SATCOM N/W, upgrade of Akash Missiles with RF Seeker, Inertial Navigation System and other equipments with accessories and spares etc. Earlier in June, the comoany had bagged defence and non-defence orders worth Rs 2,191 crore.

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Chandrayaan-3' s predecessor Chandrayaan-1. The team led by researchers from the University of Hawai'i (UH) at Manoa in the US discovered that these electrons in Earth's plasma sheet are contributing to weathering processes -- breaking down or dissolving of rocks and minerals -- on the Moon's surface. The research, published in the journal Nature Astronomy, found that the electrons may have aided the formation of water on the lunar body.

RIYADH, Saudi Arabia—For years, this kingdom’s Islamic clerics waged a war on videogames, banning popular titles such as “Pokémon" for promoting blasphemy, violence and laziness. Now, Saudi Arabia is pouring $40 billion into a bid to become a world leader in a videogame industry beloved by its booming youth population.

Axiscades Technologies has partnered with Singapore-based Cantier to provide automated manufacturing solutions to industrial players across sectors. As part of the partnership, the entities will provide end-to-end automated manufacturing solutions to corporates coming from various sectors, including semiconductor, electronics, aerospace, and food processing, among others, Axiscades Technologies said in a statement on Friday. «By integrating Cantier's innovative MES 4.0 with our engineering and technology solutions, we are poised to transform the core of industrial manufacturing. »We're not just enhancing workflows but also creating a new period of manufacturing excellence with real-time insights and seamless digital integration," Arun Krishnamurthi, CEO and MD of Axiscades, said. Commenting on the partnership, Prabakar Selvam, Founder & CEO of Cantier, said it is a step towards autonomous manufacturing and a true digital transformation.

Chinese smartphone manufacturer Xiaomi Inc's supplier Dixon Technologies India Ltd will reportedly open a massive new factory on the outskirts of New Delhi, Bloomberg News reported. Chinese-based company Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices. As per the Bloomberg report, Dixon will invest more than ₹4 billion ($48.2 million) over three years in the factory, which is spread over more than 300,000 square feet or the size of six football fields, and will largely produce Xiaomi smartphones.

India is likely to witness Rs 90,000 crore worth online gross merchandise value (GMV) in the festive month this year — up 18-20 per cent from last year's festive month sales, a report showed on Friday. Marking the 10th year of e-commerce festive season sales, the industry is expected to clock the GMV of Rs 5,25,000 crore for the entire year, according to the report by market research firm Redseer Strategy Consultants. Over the last 10 years, Indian e-tailing has transformed almost entirely as the annual GMV for the overall e-tailing industry has grown almost 20 times in the period. The 10th festive season sale period is even more significant this year considering the recent slowdown in consumption and the almost 3 years of external shocks on the economy, the report mentioned. «Over the last several quarters, we are seeing enhanced GMV contributions from categories beyond electronics.

Xiaomi Inc. supplier Dixon Technologies India Ltd.

Bond Exchange (BBX), the securities solutions management unit of the global investment bank said on Friday. BBX, which was launched in 2020 to simplify bond investing, is the world's first fractional bond exchange. The deal will enable Citi's clients who meet a certain criteria, to become participants on the exchange and trade bonds, with the investment bank providing settlement and custodial services. «The proprietary digital custody technology is scalable and will allow us to provide settlement and custody services for clients investing in assets issued on permissioned blockchain networks and digital financial management information systems (FMIs),» said Nadine Teychenne, head of digital assets for Citi Securities Services. The recent partnership is an extension to Citi being initially chosen by BBX in 2021 to act as a custodian for the underlying bonds issued and traded on its exchange as fractionalized assets. «Digital Custody is the next big step in the transformation of the bond market, making bond markets, more transparent, electronic and accessible to all,» said Rahul Banerjee, CEO and co-founder of BondbloX.

sanctions packages related to the war in Ukraine, penalizing more than 150 companies and individuals that officials said were profiting from Russia's invasion and their proximity to the Kremlin and President Vladimir Putin. The sanctions are part of the U.S. effort «to target Russia's military supply chains and deprive Putin of the equipment, technology, and services he needs to wage his barbaric war on Ukraine,» Treasury Secretary Janet Yellen said in a statement. «Today's actions show our global reach in imposing severe costs on Putin's oligarchs,» she added. The Treasury Department's sanctions targeted nearly 100 Russian military-linked elites and individuals — including some in Turkey, Georgia, Finland and the United Arab Emirates — involved with Russia's industrial, financial and technology industries.

NavIC, the minister of state for electronics and information technology Rajeev Chandrasekhar said on Thursday. The devices can either provide support for NavIC-powered chips or use NavIC chipsets, he added. While 5G phones will need to provide mandatory support for NavIC by January 1, 2025, all other phones operating in the L1 band that currently use the Global Positioning System (GPS) will need to provide mandatory NavIC support by December 2025, he said.

Apple is betting on its trade-in program to drive sales of the newly launched iPhone 15 series and the older-gen iPhone 14 and 14 Plus, which the company has now repriced. The company will popularise its trade-in or phone exchange program in India by making it a part of brand campaigns and highlighting prominently on its India website. The program was introduced along with the Apple online store launch in September 2020 in India. The program is also available through Apple’s retail stores in Delhi and Mumbai and its authorised partners. Currently, Apple is offering up to Rs 67,800 in trade-in value for the iPhone 14 Pro Max and up to Rs 64,500 for the iPhone 14 Pro in India.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India’s retail inflation eased in August but continued to remain higher for rural areas for the second consecutive month. Meanwhile, Nifty 50 crossed the psychological mark of 20,000 this week.

New Delhi: All smartphones will have to support NavIC by the end of 2025, minister of state for electronics and information technology Rajeev Chandrasekhar said after Apple successfully supported the indigenous navigation system in some of the new iPhone 15 models. 5G smartphones would have to support NavIC, short for Navigation with Indian Constellation, by 1 January 2025, and other phones by December 2025, the minister said.

NEW DELHI : The central government is planning a “graded" transition regarding compliance with rules under the Digital Personal Data Protection (DPDP) Act, an official of the plans said. Under this approach, micro, small and medium enterprises (MSMEs) will get longer time frames to comply, while larger corporations will get less. “We may do this at graded levels, where the vast majority of Big Tech, as well as companies, can transition quicker.

Karnataka IT Minister Priyank Kharge on Thursday announced a framework for the proposed fact-checking unit in the state. The unit includes an oversight committee, a review Single Point of Contact (SPOC), and nodal officers.

The United States is sanctioning more than 150 businesses and individuals as it tries to crack down on evasion and deny Russia access to technology, money and financial channels that fuel Moscow's war in Ukraine

This wasn’t the way Laurette Bennhold-Samaan wanted to learn she had breast cancer: alone and logging onto her medical portal to see the words “invasive ductal carcinoma." Stunned, the 62-year-old from Arlington, Va., called her doctor. “I’m sorry you’re giving me the information I should be giving you," she recalls her doctor saying. People are now often getting medical information from portals and electronic health records directly, without it first being filtered by their doctor.

₹91 per equity share of face value of ₹10 each. Kundan Edifice IPO lot size is 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Kundan IPO, which is worth ₹25.22 crore, is completely a fresh issue of 2,772,000 equity share; there is no offer for sale (OFS) component.

India-Japan Cyber Dialogue held in Tokyo, discussed important areas of bilateral cyber cooperation and reviewed the progress achieved in the areas of cybersecurity and information and communication technologies including 5G technology, an official statement said. The Indian delegation was led by Muanpuii Saiawi, Joint Secretary (Cyber Diplomacy Division) in the Ministry of External Affairs (MEA), while the Japanese side was led by Ishizuki Hideo, Ambassador in-charge of Cyber Policy in the Ministry of Foreign Affairs (MOFA) of Japan. «Both sides exchanged views on latest developments in cyber domain and mutual cooperation at the United Nations and other multilateral and regional fora, including under the Quad framework,» the MEA statement said. It said both the delegations underscored the importance of capacity building in ensuring secure cyberspace and agreed to cooperate in this aspect. The Indian delegation comprised senior officials from MEA, ministries of home affairs, defence, and electronics and information technology, National Security Council Secretariat, Department of Telecommunications, Indian Computer Emergency Response Team, National Critical Information Infrastructure Protection Centre and Embassy of India in Tokyo. The Japanese delegation included senior officials from National Centre of Incident Readiness and Strategy for Cybersecurity, Ministry of Internal Affairs and Communication, Ministry of Defence, Ministry of Economy, Trade and Industry (METI), MOFA and other departments concerned. India invited the Japanese delegation for the sixth India-Japan Cyber Dialogue in New Delhi next year.

Tata Motors has introduced the updated Nexon EV facelift, starting at ₹14.74 lakh (ex-showroom) with pricing extending up to ₹19.94 lakh (ex-showroom). These introductory prices are valid for a limited time. Known as the Tata Nexon EV, this electric variant of the popular compact SUV boasts a range of enhancements, including a refreshed design, new features, and an improved electric powertrain.