Electronic Financial News

10.08 / 05:03

UPS FIVE Manufacturing Merit Chase electronic Here's why Pankaj Pandey is bullish on utilities sector

«From a number perspective, the numbers are not really inspiring. And even though the valuations look attractive, there is outlook for better ad spend by most of the end-user industries it is very difficult to build confidence in the stock at current levels,» says Pankaj Pandey, Head Research, ICICIdirect.com.Just wanted to get in your thoughts then, as to what you believe could potentially emerge today as we will be seeing the NCLT decision and how critical it is for Zee? I think that is probably the only trigger which can help the stock because when you look at numbers, it is a washout quarter for them. Ad revenues have been declining.

10.08 / 04:01

UPS Digital Platform Action Enterprise electronic Early-stage VC fund Antler India launches ONDC-focused platform for founders with FIDE, Nandan Nilekani

Antler India on Wednesday announced a platform to support and fund founders working with the government-backed Open Network for Digital Commerce (ONDC). The platform, touted as the country’s first ONDC platform, was launched in partnership with ONDC, the Foundation for Interoperability in Digital Economy (FIDE), and Infosys chairman Nandan Nilekani.

10.08 / 04:01

UPS Booking Manufacturing NIFTY Fitch performer electronic etmarkets ETMarkets Smart Talk-Shiv Sehgal of Nuvama explains why he calls India’s investment thesis as 5D advantage

“We call India’s investment thesis a 5D advantage: De-globalisation, Deregulation, Debt, Demography and Democracy,” says Shiv Sehgal, President & Head, Nuvama Capital Markets. In an interview with ETMarkets, Sehgal said: “The reforms undertaken by India in the last ten years were necessary, tough and painful, and are tantamount to a second unshackling of India after the 1990s’ liberalisation” Edited excerpts:US downgraded triggered some nervousness in equity markets across the globe. Back in India investors got a reason to sell or book profits. Do you foresee any long-term impact on other asset classes? Fitch’s downgrade move follows a similar cut by S&P about 12 years ago.

10.08 / 00:53

Provident Digital Platform social electronic Data Bill to make social media companies accountable, fortify IT industry: IT Minister Ashwini Vaishnaw

DPDP) Bill that the Rajya Sabha cleared on Wednesday will make social media companies operating in India more accountable, boost the business of the IT industry and change the way organisations process data of Indians, minister for electronics and IT Ashwini Vaishnaw said. The exemptions that are given to the government under the proposed law are far fewer than what the European privacy law provides, he told Aashish Aryan & Surabhi Agarwal in an interview. Edited excerpts.How will having a privacy law further cement India’s position as tech powerhouse of the world? It will mean a lot for the Indian IT industry, which will find better traction all over the world.

10.08 / 00:53

Citi Metro show beautiful cover electronic ecommerce Ecommerce growth slows in FY23 as Covid effect evaporates: Report

Unicommerce. Growth in gross merchandise value (GMV) also slowed to 23.5% from 73.6%, the company, which helps merchants and brands sell online and manage their inventory, said in a report. Unicommerce chief executive Kapil Makhija said the slowdown in growth was a sign of stabilisation in the ecommerce industry after a couple of years of tailwind gains from Covid-19.

09.08 / 22:51

Target Reuters Manufacturing Action Software country electronic Explainer Explainer-US starts process to restrict some investment in key tech in China

By Andrea Shalal and Karen Freifeld

09.08 / 18:51

Citi Digital CEO Platform beautiful electronic E-comm order volumes jump 26% in FY23, tier-1 cities lead

Tier-1 cities led the growth in e-commerce volumes in fiscal 2023 as work from office resumed after two years of pandemic-led restrictions, e-commerce enablement SaaS platform Unicommerce said in its annual trends report released Wednesday. “As offices return to regular operations, there has been a notable shift of consumers shifting back to tier I and metropolitan cities for work, resulting in tier I cities exhibiting fast growth in order volumes relative to tier II and tier III cities.

09.08 / 18:23

Citi Provident Target Manufacturing Parke country electronic IndoSpace to invest $1 billion to acquire new warehousing, logistics assets in India

IndoSpace is looking to deploy over $1 billion to acquire new warehousing and logistics assets across India over the next two-three years amid rising demand, led by improved connectivity and government’s supportive policies, said a top executive of the company. The joint venture between Everstone, Singapore-headquartered logistics facilities provider GLP and industrial real estate firm Realterm, will also be developing additional 30 million sq ft warehousing properties in the country.

09.08 / 18:21

UPS Citi Strategy Dreams electronic exits L&T eyes green energy, plans to sell non-core biz as Naik exits

MUMBAI : I am leaving, but I am still there," said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual general meeting (AGM) on Wednesday.

09.08 / 17:53

Provident Discover show electronic Dark fibre case: SAT sets aside Sebi order on NSE, ex-officials

₹62.5 crore along with interest in the so-called dark fibre case. It also removed the Sebi restriction on Sampark Infotainment providing connectivity services to stock exchanges. The case pertains to alleged differential access given by NSE to certain broking firms over dark fibre, an already laid but unused or passive optical fibre unconnected to active electronics or equipment and does not have other data flowing through it.

09.08 / 17:53

COST Digital Citizens Aware Platform electronic ‘Will work with industry on DPDP law’

NEW DELHI : The government will consult the industry before implementing the Digital Personal Data Protection (DPDP) bill to ensure a smooth rollout roadmap, minister of state for electronics and IT Rajeev Chandrasekhar said. In an interview, Chandrasekhar said the government is open to the industry’s suggestion for an extended time frame but stressed that the new law will curb the exploitation of user data and make it costly for those who violate rules. Edited excerpts: This is an important fundamental law that has been put into place, and there will be a few more things that we will do down the road very quickly that will complete the global standards cyber law framework for this trillion-dollar digital economy, which is our goal.

09.08 / 16:53

UPS Entertainment Sony Actor electronic Drop Sony's profits drop as it warns of the impact from US movie strikes

Sony’s profits between April and June slipped 17%, as worries grew about revenue damage from a strike in the movie sector

09.08 / 13:35

Target Manufacturing Gap concert electronic India's imports from China across at least 25 major commodity groups rise on year

India's imports from China across at least 25 major commodity groups such as consumer electronics, auto components, and iron and steel products rose in fiscal 2023, the government told parliament on Wednesday. The statement, which listed Chinese imports in a total of 31 commodity groups, comes amid New Delhi's concerted efforts to reduce its trade deficit with China since border tensions flared in 2020.

09.08 / 13:05

UPS Provident Manufacturing Micron country electronic Domestic electronic manufacturing rises to Rs 8.25 lakh crore; semicon import at Rs 1.29 lakh crore in 2022-23

Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said that semiconductors worth Rs 1,29,703 crore were imported in 2022-23.

09.08 / 12:37

Booking Microsoft Platform Mobile Xbox electronic Roblox misses quarterly bookings estimates on lower spending, shares tumble

(Reuters) -Gaming platform Roblox missed estimates for second-quarter bookings on Wednesday as waning demand for its online games and intensifying competition hurt growth, sending its shares down 8% in trading before the bell.

09.08 / 12:01

UPS Provident Digital Citizens country voice electronic Digital Personal Data Protection Bill tabled in Rajya Sabha

Personal Data Protection (DPDP) bill was tabled in the Rajya Sabha on Wednesday. Addressing the House, Union minister for electronics and information technology Ashwini Vaishnaw said, “Under this bill, individuals using digital services have been given more power and more obligations have been imposed on companies using data of individuals.

09.08 / 10:41

Provident Progressive Manufacturing Landmark awards country electronic reports US reports big interest in $52 billion semiconductor chips funding

semiconductor subsidy funding in a bid to boost the country's competitiveness with China's science and technology efforts. The White House is marking the one-year anniversary on Wednesday of President Joe Biden's signing of the landmark «Chips for America» legislation providing $52.7 billion in subsidies for US semiconductor production, research and workforce development.

09.08 / 10:31

COST Extreme country electronic Global law firm retreats from China ahead of data crackdown

Global law firm Dentons is splitting from its Chinese operations to comply with impending data regulations in one of the more significant withdrawals by a Western company as Beijing intensifies a campaign to curb leakages of valuable information.

09.08 / 09:33

electronic Bharat Forge shares surge 3% post Q-1 results; Approves ₹111.30 crore conversion to equity shares in KPTL

₹160.37 crore in the same quarter last fiscal, Bharat Forge said in a regulatory filing. The stock gained momentum as the company revealed its endorsement of the transformation of existing intercorporate deposits granted by the company to its wholly owned subsidiary, Kalyani Powertrain Limited (KPTL). This conversion includes the accrued interest, totalling Rs.

09.08 / 06:59

COST Entertainment Sony film performer electronic Sony Q1 profit tumbles as movie business disappoints

By Sam Nussey

09.08 / 05:53

UPS Provident Target electronic Chinese healthcare stocks hit by stepped up anti-graft crackdown

SHANGHAI (Reuters) — A year-long slump in China's healthcare stocks has accelerated this week as an anti-corruption campaign gathers pace, threatening the sales of some drug makers and medical equipment producers.

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