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Prime Minister Narendra Modi said, while asserting that a large manufacturing base is important as the world needs an economy that continues to function strongly even during the biggest crises. Addressing the Rising Rajasthan Summit on Monday, Modi said development, led by the mantra of 'Reform, Perform and Transform,' is visible in every sector, and that every expert and investor in the world is very excited about India. He said the role of the PLI scheme — increasing manufacturing in India — is also expanding.

Subscribe to enjoy similar stories. POLTAVA, Ukraine—A team of soldiers sat inside a nondescript red bus with their eyes glued to a bank of screens blinking with yellow dots. The shapes represented Russian drones, missiles and planes cutting into Ukrainian skies.

production linked incentive (PLI) schemes have led to investments of over Rs 1.25 lakh crore, Prime Minister Narendra Modi said Monday. Speaking at the Rising Rajasthan Global Investment Summit 2024, he said the role of PLI scheme in increasing manufacturing in India is also increasing. «There is a lot of enthusiasm in Electronics, Specialty Steel, Automobiles and auto components, Solar, and Pharmaceuticals,» PM Modi said. «Investment of about Rs 1.25 lakh crore has been made in due to PLI scheme. Products worth about Rs 11 lakh crore have been manufactured and exports have increased by Rs 4 lakh crore,» he said.

The study that was published in peer-reviewed journal Science Advances. “In other words, applying this technology to clothing could make an individual effectively ‘invisible’,” said lead researcher Wang Dongsheng, in an interview published last week by China Science Daily.

Ranjit Babu, head of consumer electronics at Amazon India and former chief executive of its largest seller–Cloudtail, has resigned, adding to the ongoing senior-level churn in the ecommerce marketplace, people said. Babu's resignation follows a restructuring in the company after the exit of its former India head Manish Tiwary recently. Babu has over the years emerged as one of the key executives at Amazon India, dabbling in various roles that oversaw top revenue-grossing categories. He has been associated with Amazon for more than a decade, including his stint at Cloudtail, which was key to the success of Amazon's India operations.

LG Electronics India is concerned that its South Korean parent may in the future start separate businesses in India which could compete with the former since there is no exclusivity arrangement between the two of them. India's largest home appliances maker highlighted the apprehensions in its draft prospectus filed with the market regulator on Friday for a planned initial public offering (IPO). The mega public issue will see LG Electronics sell a 15% stake in the Indian subsidiary to raise around ₹15,000 crore, potentially making it India's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor, Paytm and Coal India.

Barclays just promoted 66 new managing directors (MDs) in its corporate and investment bank (CIB). We have the list (before everyone else) below. 

The offering is entirely an offer for sale by the promoter, LG Electronics Inc., which plans to sell 101.8 million shares, or 15% of the equity capital.

Stellantis is recalling more than 300,000 Ram Heavy Duty pickup trucks because a faulty part could cause certain braking and tracking systems to fail

The specialist investor in liquidations and illiquid securities has voluntarily offered to buy shares at 4p each, but said it reserved the right to not purchase any holdings with aggregate settlement amounts of less than 100,000 shares. Southey Capital said the tender will «provide an opportunity to holders facing a lack of access to exchanges or OTC counterparties an opportunity to realise liquidity before a potential full de-listing or blocking of transfers in electronic format». However, the board of Home REIT said it could not confirm the authenticity of the offer as it had not be...

Subscribe to enjoy similar stories. A HUNDRED METRES above a white Lada saloon, the drone locks onto its target: red lights blink to blue. AI takes over and the drone swoops in for its kill.

buy call on Bharat Electronics with a target price of Rs 350. The current market price of Bharat Electronics Ltd. is Rs 313.7. Bharat Electronics, incorporated in 1954, is a Large Cap company with a market cap of Rs 229380.86 crore, operating in the Defence sector. Bharat Electronics' key products/revenue segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2024.

Revenue was up 23% to £264.4m over the period, a jump from £218.3m in 2023. Its platform business also had a strong year with 66,000 customers added, increasing the total number of clients by 14% over the year. AJ Bell provides retail shareholders with electronic voting capabilities 'Record' assets under administration (AUA) of £86.5bn, up £15.6bn from 2023 were driven by net inflows of £6.1bn and «favourable market movements» of £9.5bn, according to AJ Bell. Jefferies analysts said the results were inline with consensus, but added they were motivated by the firm's confirmation ...

Subscribe to enjoy similar stories. China is the handmaiden to the globe’s energy transition—and will continue to be so once an anti-transition president occupies the White House again next month. As if to advertise that, Beijing announced that, in response to US export controls on advanced chips, it was banning exports to the US of several critical minerals and tightening restrictions on sales of another, graphite.

Tata Electronics is looking to expand beyond beingjust an Apple supplier and is in talks with companies like Microsoft, Dell, HP and several other large companies to onboard them as clients. The homegrown electronics manufacturing services (EMS) player is doing this in a bid to not only diversify but also be India's Foxconn — following a model that is much like the Taiwanese contract manufacturing giant Foxconn, experts said. While the company «has its hands full» currently with work for Apple iPhones, sources said that this is part of the company's strategy that it is keen to set in motion rapidly.

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Many Canadians are sick and tired of junk fees and it’s changing how they shop.

semiconductor chips, integrated circuits, memory chips, parts of electronic integrated circuits and micro assemblies, and amplifiers worth Rs 1.71 lakh crore in fiscal 2023-24, the minister of state for electronics and information technology, Jitin Prasada, told Lok Sabha on Wednesday. To offset the semiconductor import bill and kickstart the homegrown chip manufacturing ecosystem, the government has approved five semiconductor chip manufacturing and assembly projects with a cumulative investment of Rs 1.52 lakh crore, Prasad said in reply to a question in the lower house of the Parliament. Apart from the chip manufacturing and assembly units, the government has also approved proposals from nearly 15 semiconductor design companies under the Design Linked Incentive scheme, the minister of state said.

President Joe Biden is finding ways to celebrate trains in the waning days of his presidency thousands of miles from home

Bharat Electronics Ltd. traded at Rs 313.95 on BSE at 10:30AM (IST) on Wednesday, 0.62 per cent from previous close. The scrip quoted a 52-week low price of Rs 150.00 and a high of Rs 340.35.

Defence stocks will be in spotlight on Wednesday after the Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for five capital acquisition proposals worth over Rs 21,772 crore. This included the procurement of Water Jet Fast Attack Crafts, Fast Interceptor Craft, Electronic Warfare Suite, Next Generation Radar Warning Receiver and Advanced Light Helicopters.