Electronic Financial News

ISRO scientists have not been paid for the last 3 months. Poonawala has now been fact-checked by the Press Information Bureau (PIB), the government's nodal agency for disseminating information on print and electronic media.

iPhone 15 in India, people familiar with the matter said. The latest iteration of Apple's most popular product, due to be launched globally next month, will be manufactured in India by the Taiwanese company just a few weeks after production starts in China, the country where majority of Apple's products are made. Two industry executives in the know said Foxconn's facility in Sriperumbudur, Tamil Nadu, has started the 'new product introduction' (NPI) process for the upcoming iPhone 15, with mass production set to begin closer to the launch date.

India to 60-80% in the next five-ten years, people aware of the development told ET. A primary request of the government is that industries operating in India look to implement new production techniques, such as surface-mount technology (SMT) lines, to step up the local value-addition percentage, one of the people said. “So, for example, in the IT hardware production-linked incentive (PLI) scheme, the government wants the industry to go beyond the assembly of components.

Noise, Boat, Fire-Boltt, and Boult Audio – have resorted to a bruising price war in a bid to capture market share – reminiscent of smartphone sales online a few years back. Analysts have also pointed to the ability of smartwatch makers to drive down the prices of their products, considering the falling production costs. The price war is most evident in the lower end of the market, which is where most companies have been launching most of their new products over the last year.

Check out the companies making headlines in extended trading.

NEW DELHI : Production of the iPhone 15, which is likely to be unveiled next month, has started at the factory of Apple’s contract manufacturer Foxconn near Chennai, two people familiar with the development said, the first time an Apple smartphone is being assembled in India before its international launch. Foxconn, the world’s largest electronics manufacturer, is assembling these devices at its Sriperumbudur facility in Tamil Nadu, even as it expands its local manufacturing operations beyond smartphones. “One of the units of Foxconn has started making the latest model.

Switzerland’s government has lined up with the European Union’s 11th round of sanctions against Russia over its war in Ukraine

Target reported its first quarterly sales drop in six years, dragged down by shoppers' inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise

Target reported a second-quarter sales drop, dragged down by shoppers' inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise. The Minneapolis retailer expects high interest rates, which makes credit cards more expensive to use, and higher prices on food to continue to put a strain on customers and on Wednesday, the chain cut its profit outlook for the year. It also expects sales will decline for the remainder of the year.

Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor Ltd after their merger agreement expired without regulatory approval from China. US-listed shares of the Israeli company fell about 11% in premarket trading. Intel, which had decided to buy Tower last year, will pay a termination fee of $353 million to the latter, the company said in a statement.

New Delhi: The MCA21 portal, on which about 1.5 million active companies file their statutory documents, has been rebuilt from scratch and is now making the transition to a high-security filing regime. After professionals like accountants complained about difficulties in filing documents, the ministry of corporate affairs held extensive public consultation across multiple cities in June and is closely monitoring the functioning of the portal revamped by a private service provider. So, has the new corporate reporting regime taken off? Mint takes a look.

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₹7,706 crore in favour of Samsung India Electronics for extending credit to its subsidiary Reliance Jio for supply of telecom equipment, the company said on Wednesday. “The guarantee issued by the company is a continuing guarantee until all obligations are fulfilled by RJIL (Reliance Jio Infocomm Ltd.).

foreign trade policy advocates the concept of trusted value chain in electronics, which will help address concerns related to bugs and data theft from equipment used in India. According to the commerce ministry, India imported computer hardware and peripherals worth ₹7,255 crore, and electronic components worth ₹8,200 crore from China last fiscal. The government is keen on achieving self-reliance in manufacturing and also tapping greater export opportunities.

Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy

Reliance Industries Ltd (RIL) has issued guarantees for Reliance Jio Infocomm Limited (RJIL) and Reliance International Limited (RINL), ensuring compliance and no adverse impact. In an exchange filing dated August 14. RIL informed.

Bharat Electronics Ltd. traded 1.14 per cent down in Wednesday's trade at 10:56AM (IST). Around 468,598 shares changed hands on the counter.

Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said.

Independence Day sales from last year's levels, industry executives said. Attractive offers and new movie releases lifted footfall in malls by 15-20%, driving sales of eateries and other stores such as apparel and fashion. Executives said the robust buying signals a significant improvement in consumer sentiment just ahead of the crucial festive season.

India heads to the 18th Lok Sabha elections after 76 years of Independence, Anubhuti Vishnoi looks back at the electoral journey travelled by the largest democracy. It is one marked with many milestones — the largest electorate in the world at over 900 million; women voters who closed the gender gap in voter turnout in 2019 and outdid men; and the only country to transition to paperless ballot through EVMs.THE FIRST GENERAL ELECTIONS Things moved swiftly in independent India with the adoption of the Constitution on November 26, 1949. Four months later, Sukumar Sen was appointed the first Chief Election Commissioner. With this, the country embarked on the 'great experiment' to conduct the first nationwide election. In April 1950, the Representation of People Act was passed by provisional Parliament. The first general election was held in 68 phases between October 25, 1951 and February 21, 1952. Around 53 political parties and 533 independents were in the fray for 489 seats. Around 173,212,343 voters were registered out of a population of 361,088,090 and 45.8% voter turnout was recorded.

Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy