Electronic Financial News

01.08 / 12:39

UPS electronic Chip Imports From China Up 53% In 3 Years; Is India Too Dependent On China? | Details

According to data submitted by Minister of State f... moreAccording to data submitted by Minister of State for Electronics and Information Technology Rajeev Chandrasekhar in Rajya Sabha.

01.08 / 09:49

Citizens VISA country electronic Indian Russia starts issuing e-visas to Indian visitors from today. Here's how to apply

Starting August 1, Russia has started issuing electronic visa (e-visa) to Indian passport holders that helps visitors get travel approval faster for diverse purposes such as business trips, guest visits, and tourism. The e-visa can be used just like any other regular visa, eliminating the need to check with embassies or any other associations.

01.08 / 07:16

UPS electronic Electrifying portfolio! 4 stocks from consumer electrical and electronic sector with upside potential of up to 42 %

After outperforming for many years, some of the consumer durable stocks have been under pressure for three years. With stock prices remaining in a range and earnings moving upward there has been a value readjustment of their valuations.

01.08 / 05:28

Lowe's VISA electronic United States completes second lottery round for H-1B visa

USCIS has completed random selection of applicants for H-1B visa, a statement released by them said. On July 29, USCIS had announced a second round of random lottery selection for H-1B visas for the fiscal 2024 (year ended September 30, 2024). «We now have randomly selected, from the remaining FY 2024 registrations properly submitted, a sufficient number of registrations projected as needed to reach the cap, and have notified all prospective petitioners with selected registrations from this round of selection that they are eligible to file an H-1B cap-subject petition for the beneficiary named in the applicable selected registration,» the statement said.

01.08 / 02:27

Reuters Manufacturing CEO Apple Southern electronic Apple-supplier Foxconn to invest ₹4,100 crore for two factories in India

Foxconn Technology Group, the main supplier for Apple, has plans to invest nearly ( ₹4,100 crore) $500 million in the construction of two component factories in India, according to a report by Bloomberg News on July 31. The chosen location for these factories will be in the southern state of Karnataka. It is anticipated that at least one of these facilities will be dedicated to manufacturing Apple components, including those used in iPhones.

01.08 / 02:11

Target track electronic Turnover New GST rules: What has changed for companies with more than ₹5 crore turnover from today?

₹5 crore, to produce an electronic invoice. Earlier, companies with an annual revenue of ₹10 crore or above were required to generate e-invoice.

01.08 / 01:15

UPS Manufacturing CEO Mobile HON electronic 500 Foxconn eyes $500 million mobile accessories unit in Bengaluru

Foxconn may invest up to $500 million to set up a new unit near the Kempe Gowda international airport in Bengaluru to make smartphone accessories, multiple sources aware of the development told ET. The investment is likely to be done by Foxconn Industrial Internet (FII), a subsidiary of Foxconn. Earlier in the day, Foxconn Industrial Internet (FII), a subsidiary of Foxconn signed a memorandum of understanding with Guidance Tamil Nadu to establish a new manufacturing facility in Kancheepuram district for electronics components.

31.07 / 17:19

UPS Provident Platform Assurant social electronic GST on online gaming: We have space to reach a middle-ground

The recommendation of India’s GST Council to impose a 28 % tax on the full face value of bets placed on online games has put the fate of the online skill-based gaming industry at serious risk. This is in direct contradiction with steps taken by the Union ministry of electronics and information technology (MeitY) to support the industry by introducing a regulatory system for permissible online gaming.

31.07 / 15:53

UPS Provident MET Aviat Mobile electronic Government, airports gear to avoid choked airport during festive rush

private airport operators are gearing up for a rush at airports this festive season. While BCAS (Bureau of Civil Aviation Security) has asked airports to increase security check in areas and to increase number of xray machines, CISF (Central Industrial Security Force) has committed additional manpower. Last week, Union Home Minister Amit Shah and Civil Aviation Minister Jyotiraditya Scindia met to review airport preparedness to avoid a situation of last year where many passengers missed their flights due to long check in queues.Zulfiquar Hasan, director general at BCAS said that he does not foresee a return of the massive congestion seen last year.

31.07 / 14:31

UPS Manufacturing Mobile country electronic Government initiatives boosted electronics production, exports: MoS IT Rajeev Chandrasekhar

Electronics exports grew nearly by 400% since 2014 — from Rs 38,263 crore in FY15 to Rs 1,89,934 crore in FY22-23 — suggest numbers presented by minister of state for electronics and information technology Rajeev Chandrasekhar in Rajya Sabha. Electronics production, too, grew at over 300%, from Rs 190,366 crore in FY15 to Rs 825,000 crore in FY23.

31.07 / 14:13

Provident Digital Mobile cover electronic Digital revolution: Motor insurance as easy as ABC

By Nitin Kumar

31.07 / 14:13

Provident Lowe's Enterprise Nano performer electronic ISRO undertakes a commercial launch for Singapore

Dr Ajey Lele

31.07 / 14:09

UPS show performer electronic Latin reports Maruti Suzuki India reports strong Q1FY24 performance with impressive vehicle sales and record net profit

Maruti Suzuki India Limited showcase impressive growth and achievements in various areas. In the domestic market, passenger vehicle wholesales saw a significant 12.2% increase, outpacing the industry's growth rate. The company achieved a market share of approximately 20% in the SUV segment, supported by a robust product lineup.

31.07 / 14:09

Provident Mobile electronic Why ICICI Bank Money2India Is the Ideal Solution for Transferring Money to India from the USA

ICICI Bank Money2India is a pioneer in online money transfer market from U.S. to India. Money2India has been in the business for over 20 years, having served more than 1.5 million customers and handled over 3 billion transactions to date.

31.07 / 12:57

Digital Progressive Action Discover electronic How China’s latest export curbs could hurt India | Mint Explains | Mint

China's export curbs on gallium and germanium in r... moreChina's export curbs on gallium and germanium in response to US restrictions on high-tech exports highlight the escalating tech rivalry between the superpowers.

31.07 / 12:53

UPS Provident Aviat Celebrity Inside electronic Full body scanners to be deployed in phased manner at airports, says BCAS chief

body scanners will be deployed at airports in a phased manner and the process is expected to start at major airports within a year, BCAS chief Zulfiquar Hasan said on Monday and stressed that there will not be any privacy issues as those have already been sorted out worldwide. He also said that there will be options for passengers who have health issues in case they cannot use such scanners. The Bureau of Civil Aviation Security (BCAS) has set a deadline for the end of next year for the deployment of full body scanners at airports.

31.07 / 12:37

Tesla performer electronic Panasonic Panasonic Q1 profit jumps, keeps full-year forecast

TOKYO (Reuters) -Japan's Panasonic (OTC:PCRFY) Holdings posted a 42% rise in first quarter operating profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook.

31.07 / 11:45

Target Mobile Apple Remark Samsung electronic Premium Grab Samsung aims to grab 50% of India's super premium smartphone market with Galaxy Fold 5 and Galaxy Flip 5

foldable smartphones, the Galaxy Fold 5 and Galaxy Flip 5, will help the company to secure 50 per cent of the super premium smartphone segment in India, reported PTI. Presently, this market is dominated by Apple, the maker of iPhones. The super premium smartphone segment consists of devices priced above USD 1,000 (approximately ₹82,000).

31.07 / 11:45

UPS Manufacturing show performer country electronic reports Maruti Suzuki sold 4,98,030 total vehicle sales in Q2, reports 6.4% annual rise

Maruti Suzuki India Ltd. has registered a 6.4% rise in its total vehicle sales in Q2, 2023 compared to the same period last year. The country’s largest automobile manufacturer sold a total of 4,98,030 vehicles during the quarter.

31.07 / 11:19

Manufacturing Apple Monolithic show electronic Indian US biggest export destination for Indian smartphones in April-May: Government

India exported USD 2.43 billion worth of smartphones in April-May this fiscal, driven by a multifold jump in shipments to the US which emerged as the biggest destination for India-made devices, according to the government data. The smartphone exports to the US jumped multiple times to USD 812.49 million during the first two months of this fiscal as against USD 92.2 million in April-May 2022-23, the commerce ministry data showed. The US accounted for one-third of the shipments in value terms.

31.07 / 11:07

Target Action track electronic GST evasion of Rs 14,302 crore detected in April-May; 28 persons arrested

GST evasion involving Rs 14,302 crore were detected in the first two months of the current fiscal, while Rs 5,716 crore was recovered during the period, Parliament was informed on Monday. Finance Minister Nirmala Sitharaman in a written reply in the Lok Sabha gave details of Goods and Services Tax (GST) and income tax evasion, as well as detection of outright smuggling by the Customs department. As per the data, GST evasion of over Rs 2.68 lakh crore was detected in 43,516 cases between 2020-21 and 2023-24 (April-May).

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