Electronic Financial News

Subscribe to enjoy similar stories. India’s manufacturing sector has struggled to exceed 17% of GDP over the past 20 years. Taking note of inverted duty structures, a key reason for this underperformance, finance minister Nirmala Sitharaman in her last budget speech announced a comprehensive customs tariff review.

Make in India' and component localisation has led to a decline in imports by major electronic firms such as Samsung, Apple, Whirlpool, Dixon and Havells — possibly for the first time ever. The combined import value of eight electronics firms, that also include LG Electronics, Amber Enterprises and Haier India, fell 7% year-on-year in 2023-24 to ₹95,143 crore, according to their regulatory filings with the Registrar of Companies (RoC). The total import value of these companies had crossed ₹1 lakh crore in 2021-22 and increased further in FY23.

Donald Trump won the US presidential elections 2024 quite convincingly that left Kamala Harris a mile behind, but that has initiated an FBI raid at the Polymarket CEO's house for allegedly accurately predicting the results of the US elections. Polymarket CEO Shayne Coplan's phone and electronics where ceased on Wednesday morning, which is the raid that comes a week after the betting platform was able to successfully predict Donald Trump's thumping victory against Democratic Party nominee Kamala Harris. This is being seen as a retribution by some, while Coplan woke up to the sound of FBI officers knocking at his door, demanding his phone and electronics according to The New York Post's report.

Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four-year lows earlier in the week. It is the first time Samsung Electronics has decided to buy back shares since 2017. Of the total, three trillion won worth of shares, or 50.14 million common shares and 6.91 million preferred shares, will be repurchased in the next three months and cancelled, Samsung said after the market closed on Friday.

Indian tourists are the largest group visiting Sri Lanka, thanks to the country’s proximity—a quick 2.5-hour flight from Mumbai—and its affordability. Following the Sri Lankan rupee’s collapse in 2022, the country became one of the most budget-friendly luxury destinations.

Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20

Stellantis is recalling about 207,000 Jeep and Dodge SUVs in the U.S. to fix a computer problem that can disable the anti-lock brakes and electronic stability control safety features

Astana International Financial Centre (AIFC). The event brought together prominent business leaders, government officials, and industry experts to discuss opportunities for increased trade, joint ventures, and collaboration in the electronics and engineering sectors. The Keynote address was delivered by Ambassador Dr. T.V. Nagendra Prasad. The chief guest was Mr. Meiram Pshembayev, Chairman of the Association of Kazakhstan Machinery Industry. The event was held in the hybrid format. Around 50 companies from both sides participated in the event. Thematic sessions on Electronics and Engineering Sectors took place in which experts from both sides gave presentations, followed by a lively question and answer session. From the Indian side, the event was also joined virtually by the Electronics and Software Export Promotion Council (ESC), Engineering Export Promotion Council (EEPC), Federation of Karnataka Chamber of Commerce (FKCC) and their member companies dealing in exports of electronics and engineering goods.

Canadian supermarket retailer Loblaw Companies missed third-quarter revenue estimates on Wednesday, hurt by a slowdown in the demand for its non-essential goods such as household items and electronics.

Subscribe to enjoy similar stories. New Delhi/Chennai: In December 2021, over 400 women staying at a hostel at Puduchatram on the Chennai-Tirupati highway took ill. Some of them had severe symptoms of food poisoning and were admitted to hospitals.

Subscribe to enjoy similar stories. NEW DELHI : Last week, Nvidia Corp., the world's largest artificial intelligence (AI) chipmaker, replaced Intel Corp., best known for computer processors, in the 30-share American benchmark share index. This movement in the Dow Jones Industrial Average reflects the big changes in the industry over the past few years, as AI took centre stage and the fortunes of top players reversed.

Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments

Subscribe to enjoy similar stories. NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors.

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Finance Minister announced the establishment of E-Commerce Export Hubs (ECEHs) in this year’s budget to enhance merchandise exports through cross-border e-commerce. This initiative was introduced in response to the various challenges faced by Indian MSMEs, including intense competition from other Asian nations such as China and Japan, disruptions caused by the Russia-Ukraine conflict, and other macroeconomic issues. In addition to geopolitical challenges, the fragmented and predominantly B2B-focused Indian regulations that govern e-commerce exports today, impose significant compliance burden on the small businesses. To address these challenges, the proposed ECEH model aims to consolidate various stakeholders within a unified regulatory and logistical framework to streamline and facilitate e-commerce exports.

GST amnesty scheme.

Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network services

Subscribe to enjoy similar stories. It is the largest-ever experiment in participatory capitalism. As India’s stock market has surged, households have scrambled to stake a claim in its success.

Subscribe to enjoy similar stories. Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies.

The NSE Nifty index ended the session 270.75 points up at 24484.05, while BSE Sensex 901.5 points to 80378.13.

Bharat Electronics Ltd. traded 1.6 per cent in Wednesday's trade at 10:30AM (IST). Around 441,030 shares changed hands on the counter. The counter opened at Rs 287.15 and touched an intraday high and low of Rs 293.35 and Rs 287.15, respectively, in the session so far. The stock of Bharat Electronics Ltd. quoted a 52-week high of Rs 340.35 and a 52-week low of Rs 135.95.