Electronic Financial News

Lynas Rare Earths will withhold a portion of supply from the market in response to a plunge in prices for the key ingredient in wind turbines, electronics and military applications.

India should not rush with a «comprehensive» law that might become outdated quickly. India's position on regulating AI has swung between extremes — from no regulation to regulation based on a «risk-based, no-harm» approach. In April this year, the Indian government said it would not regulate AI to help create an enabling, pro-innovation environment which could possibly catapult India to global leadership in AI-related tech.

₹3,511 crore. This performance provides confidence that the state-owned aerospace and defence company is on track to meet its FY24 revenue growth guidance of 17%. Gross margin stood out as a particularly positive surprise in the June quarter, reaching 43.5%.

«I am willing to tell you with reasonable confidence that before October or November this year, fabs will be approved. This will be fab manufacturing, the actual wafer fab,» Chandrasekhar told TOI. Global companies recently visited Gujarat for ‘Semicon India 2023’ to expand semiconductor production in India. Companies will invest because of a strong demand curve for the precious commodity and as the country emerges as a trusted partner in the electronics ecosystem, said Chandrasekhar to TOI. «Electronics in India is now reaching a critical mass, and the target that we have set out for is $300 billion by 2026. We are on track to achieve this… This would result in a massive need for semiconductors, which we estimate to touch $110 billion by 2029,» said the minister.

Samsung is aiming to achieve over 50% market share in the super-premium price segment (above $1000) in India with the launch of its latest foldable smartphones, where it already accounts for 35% share, with the country operating as one of its fastest growing, largest, and strategic markets, said a top Samsung executive. “In the second half of 2023, with the new and improved Galaxy Z Fold5 and Z Flip5, we will be solidifying our foldable leadership in the India market,” said TM Roh, president and head of MX (Mobile Experiences) business, Samsung Electronics. The executive added that the timing for when the foldable form factor will be replacing the conventional bar-type phones will largely depend on India. The company expects to ship 30 million units of cumulative sales of its foldables in 2023, with the year expected to be a tipping point “where the foldable category is going to become a mainstream category,” Roh said, adding that in the future, the foldable form factor is going to expand to other categories like tablets and PCs. The segment itself is expected to become mainstream in another five years, and surpass 100 million units per year, Roh said, citing market research organisations. He added that the company is working with strategic parts suppliers to make the form factor more affordable.

Lake Lanier in Forsyth County, Georgia, where a 24-year-old man, Thomas Miner, lost his life after reportedly jumping off a dock into the lake and being shocked by electricity in the water. The incident was reported to the Georgia Department of Natural Resources, When Thomas Miner was shocked in the water, a family friend nearby tried to rescue him using a ladder. Unfortunately, their efforts were unsuccessful. However, neighbors who witnessed the incident quickly responded to the emergency. One person jumped into the water to help Thomas but felt a burning sensation, confirming the presence of electric current in the lake.

GANDHINAGAR : The Union government is evaluating a proposal to include large multinational companies in India’s $200 million design-linked incentive (DLI) scheme if they were designing chips in the country, said Rajeev Chandrasekhar, minister of state for electronics and information technology (IT). The scheme is currently limited to startups. Under the scheme, seven startups have been given approvals for claiming incentives.

₹23,646 crore, while the expenses other than fuel rose just over 40% on year. In addition to a young fleet and fuel-efficient aircraft, the airline said that it is in the process of attaining DGCA approval for the use of the AvioBook Electronic Flight Folder, which will reduce the weight on board, thus improving fuel efficiency.

Edited excerpts: Srinivas: Ours is an extremely R&D- intensive business. Globally, we spend $2.4 billion towards it, and a majority of it happens in India. So, we will continue to do it, as we need to expand our infrastructure to support R&D activities.

One drone targeting Moscow was shot down on the city's outskirts and two others were «suppressed by electronic warfare» and smashed into an office complex early on Sunday, the Russian defence ministry said, adding that there were no injuries. Moscow and its environs, lying about 500 kilometres (310 miles) from the Ukrainian border, had rarely been targeted during the conflict in Ukraine until several drone attacks this year. Following the attacks, Ukrainian President Volodymyr Zelensky warned that «war» was coming to Russia. «Gradually, the war is returning to the territory of Russia — to its symbolic centres and military bases, and this is an inevitable, natural and absolutely fair process,» Zelensky said on a visit to the western city of Ivano-Frankivsk.

ISRO's Polar Satellite Launch Vehicle (PSLV) placed seven Singaporean satellites in orbits, Hyderabad-based Ananth Technologies contributed a range of components that made the spaceflight a success. Ananth Technologies Limited (ATL) supplied avionics packages and power systems for the PSLV, which had its 56th launch on Sunday and was also responsible for the sub-assembly integration of ISRO's warhorse rocket.

₹1,78,012 crore on rail safety, including the budget estimate for FY24, at an average annual spend of ₹17,801 crore. This is 2.5 times the safety spend of the railways prior to 2014.

There is something propitious about the timing of Christopher Nolan’s latest movie release. An Oppenheimer moment, highlighting the moral dilemma and consequences of putative good deeds ending up harming humanity, has become especially relevant for a world grappling with the duality of artificial intelligence (AI) or Big Data.

The monsoon season brings with it a unique charm and a sense of adventure, but it also requires extra caution when planning your travel. Whether you’re embarking on a weekend getaway or a long-awaited vacation, ensuring your safety and security during this rainy season should be a top priority. By following a few essential tips and taking necessary precautions, you can enjoy your journey without compromising on your well-being. This article provides valuable advice on how to travel safely and securely during the monsoon, allowing you to make the most of your rainy season adventures.

Three Ukrainian drones attacked Moscow in the early hours on Sunday, the Russian authorities said. The incident has left one person injured. One of the four airports around Moscow was closed for traffic temporarily post the attack.

ITR filing process. It is important to know about these changes to avoid mistakes in completing the process. Following are four changes in the ITR filing process this year that you should know.1. Time to verify ITR after filing cut by 90 days It is important to verify one's ITR after it is submitted/filed on the income tax portal.

H-1B visas each year. In March 2023, USCIS conducted the initial random selection process on properly submitted electronic registrations for the FY 2024 H-1B cap. That way, only around 70% of the authorised quota had been issued, leaving a significant number of available visas.

gadgets safe. Even accidental exposure to rain can damage expensive electronic items. Here are some simple and practical tips to get you through the next few months:

Ganesha says there will be some religious planning in the house. Get rid of problems. There will be more work but you will finish it skilfully.

semiconductor design linked incentive scheme (DLI) to include bigger Indian as well as foreign companies, the minister of state for electronics and information technology Rajeev Chandrasekhar said. Speaking to reporters on the sidelines of the Semicon 2023 event in Gandhinagar, Gujarat, Chandrasekhar said that so far seven startups had been selected as participants in the semiconductor DLI scheme. “This initiative is steadily gaining confidence and support.

Exide Industries, JK Lakshmi Cement, United Breweries, among many others will trade ex-dividend in the coming week, starting from Monday, August 31. Also, shares of Kamdhenu Ventures and NINTech Systems will trade ex bonus next week, according to data on stock exchanges.