Electronic Financial News

India and Japan explored collaborating in critical technologies, including semiconductors and resilient supply chains, as part of plans to reach a target of $35.9 billion Japanese investment in the country by 2027, officials said on Friday. Foreign Ministers of India and Japan, S. Jaishankar and Yoshimasa Hayashi, met in New Delhi on Thursday and also discussed ways to deepen defense equipment and technology cooperation.

"Growth is coming in a reasonably good proportion. Investment cycle has just picked up. So, you have both triggers of investment cycle as well as the retail credit growing, which is a very robust," says Vikas Khemani, Carnelian Capital.What about the view when it comes to banks? Do you think that it will continue to remain a compounding story in this market?Absolutely.

MUMBAI — Eventhough valuations in the midcap and smallcap segments look a bit frothy, interesting themes to play on are only here given the large number of stocks available, believes Mihir Vora, Chief Investment Officer, Max Life Insurance. “While the space is small in terms of market capitalization, it is large in terms of the number of stocks,” Vora said. Some of the themes he likes in the midcap and smallcap segments are speciality chemicals, defence, railways, transmission and distribution, irrigation, logistics etc.

Special Economic Zone Ltd, Amara Raja Batteries Ltd, Alembic Pharmaceuticals Ltd, Arihant Capital Markets Ltd, Bajaj Electricals Ltd, Banswara Syntex Ltd, Bengal Tea & Fabrics Ltd, Cosmo First Ltd, Cravatex Ltd, DLF Ltd, Elgi Equipments Ltd, Equitas Small Finance Bank Ltd, Flex Foods Ltd, Galaxy Surfactants Ltd, Gandhi Special Tubes Ltd, Gloster Ltd, Godrej Agrovet Ltd, GRP Ltd, ICRA Ltd, Indian Energy Exchange Ltd, Indigo Paints Ltd, Indian Oil Corporation Ltd, Joindre Capital Services Ltd, Jtekt India Ltd, Kaira Can Co.Ltd, Kaycee Industries Ltd, Mangalam Cement Ltd, Mukand Ltd, Mukesh Babu Financial Services Ltd, Info Edge (India) Ltd, Nelcast Ltd, Nesco Ltd, Nitta Gelatin India Ltd, Quick Heal Technologies Ltd, Rane Holdings Ltd, Smruthi Organics Ltd, Sobha Ltd, Sun Pharmaceutical Industries Ltd, Tata Motors Ltd, Tata Motors Ltd - DVR, Tci Express Ltd, Tcpl Packaging Ltd, Transformers And Rectifiers (India) Ltd, TVS Electronics Ltd, Ugar Sugar Works Ltd, Union Bank Of India, Voith Paper Fabrics India Ltd, Wpil Ltd, Xchanging Solutions Ltd, and Zydus Lifesciences Ltd, among others will be under investors’ radar on Friday as they will trade ex-dividend today. Today, 52 stocks will trade ex-dividend.

ITC: Cigarettes-to-hotel major ITC Ltd held its investor conference call on July 27, 2023. The chairman and managing director, Sanjiv Puri, explained the reason why the company chose to retain a 40% stake in the demerged ITC Hotels. Puri said, the demerged entity to have a 'royalty-like' arrangement for use of the other ITC brands and assets.

Adani EnterprisesAdani Enterprises arm Adani New Industries has raised a trade finance facility of $394 million (Rs 3,231 crore) from Barclays and Deutsche Bank.BELBharat Electronics has reported net profit of Rs 531 crore for the quarter ended June. Revenue for the same period stood at Rs 3511 crore.RailTelRailTel has posted net profit of Rs 38.4 crore for the first quarter.

Details of the meeting that took place on Thursday could not be ascertained. "Tesla executives have met Rai and there are a spate of meetings lined up with other officials over the next few days, including with Goyal," one of the people cited above said. ET had reported on July 25 that the company's top executives were expected to meet several officials and that this follows a virtual meeting between Goyal and Tesla CEO Elon Musk earlier this month.

chipmaker Intel Corp., potentially enabling the country’s consumer electronics and technology manufacturing industry to replicate the success of its credentialed software sector — and create a ‘huge’ number of factory jobs in the process. The California, US-based company is looking at India as a top manufacturing base for supplying to three buckets of hardware products–laptops, data centres and servers — and electronics connected to internet of things (IoT) such as vending machines and cameras, said Santhosh Viswanathan, MD and vice president, sales, marketing and communication group, at the company’s India arm. “Electronics manufacturing creates thousands of jobs.

NEW DELHI : India has unfairly withheld from South Korean companies the incentives they were promised under the government’s production-linked incentive (PLI) schemes, the New Delhi chief of a top Korean trade body said. Arbitrary policy changes are a key concern for Korean companies investing in India, Lee Young-Ho, chief trade representative at the New Delhi office of the Korea International Trade Association (KITA), said in an interview. This is the first time that a Korean trade body has remarked on the challenges related to the PLI scheme.

Sony India is aiming 40 per cent growth in its audio business in the current fiscal, led by rising demand for premium products in the segment, its Managing Director Sunil Nayyar said on Thursday. The company is expecting a «promising» growth in some of the segments as soundbars and personal audio products like earphones and headphones continue its lead, outpacing the market growth rate. Sony India, which aims to be the dominant premium audio brand here, gets around 20 per cent of its sales revenue from the audio business and expects its contribution to become higher in the coming years. «Audio business is very promising in India and the premium market (in the segment) is growing and the growth rate is high. This composition will continue to increase every year,» Nayyar told PTI. He further said:" The growth of the audio might outpace the growth of other categories." The company logged 21 per cent growth in the audio business in the last fiscal. The audio business includes soundbars, party speakers, True Wireless range of headphones and buds.

(Reuters) -Linde, the world's largest industrial gases company, on Thursday raised its full-year earnings guidance after reporting second-quarter profit above market expectations, as higher pricing offset weaker volumes.

Bharat Electronics Ltd (BEL) on Thursday said its net profit rose 23% year-on-year at ₹530.84 crore for the first quarter ended June 30 of fiscal year 2024. Its profit after tax stood at ₹431.49 crore in the corresponding period last year.

Tata Motors is reportedly working on an impressive lineup of six SUV launches planned within the next six months. Among these exciting releases is the highly anticipated new Safari facelift which is scheduled to hit the Indian market later this year.

Ninety-six per cent of students in the age group of 14-17 years who took part in a survey do not know that vapes and similar electronic devices are banned in India, while 89 per cent of them are unaware of their harmful effects, according to a study. The survey findings come amid the Union Health Ministry sending notices to 15 websites selling e-cigarettes, which are banned in India, directing them to stop advertisement and sale of the products.

Foxconn is doubling down on its India plans. The T...

New Delhi: Minister of state for skill development & entrepreneurship and electronics & IT Rajeev Chandrasekhar on Thursday said that India’s semiconductor industry lagged behind due to the lack of political vision and strategic clarity exhibited by previous governments. Addressing the media ahead of the SemiconIndia Conference, scheduled to commence on 28 July in Gandhinagar, the minister highlighted the progress made by the present government in reviving India’s electronics ecosystem and propelling it to become one of the fastest-growing electronics manufacturing nations worldwide.

Filing income tax returns (ITR) can be a daunting task for many taxpayers. However, avoiding the common ITR filing mistakes is essential to ensure a hassle-free return filing.

India is on track to becoming a key player in the global semiconductor supply chain in the next decade with USD 10 billion of incentives and assistance provided to encourage local chip manufacturing, Union minister Rajeev Chandrasekhar said on Thursday. The production-linked incentive scheme last year attracted firms like Vedanta and Taiwan’s Foxconn, who promised multi-billion dollar investment in setting up units to manufacture chips, which are used in products ranging from mobile phones to cars.

Pakistan's Senate on Thursday passed a bill to amend the Pakistan Army Act, 1952 which proposes up to five years in jail for anyone who discloses sensitive information about the country's security and army. Defence Minister Khawaja Asif moved the bill titled «Pakistan Army (Amendment) Act, 2023» amidst the government's efforts to prosecute former prime minister Imran Khan on the 'cypher' issue.

artificial intelligence (AI) technologies following the post-Covid economic downturn. Samsung's recent financial report showed net income surpassing expectations. The company expressed confidence that AI-related applications would fuel memory demand growth by the end of the year.

Rajeev Chandrasekhar said on Thursday. «The necessary policy framework is already in place to create a vibrant component ecosystem. And if there is any need for the government to intervene and create more PLI type of schemes, we will do so,» he said while addressing the media ahead of the 'Semicon India 2023' event in Gandhinagar.