Electronic Financial News
05.11 / 11:39
markets
Williams
Boeing
Election
Experts
track
electronic
How Sunita Williams will participate in the 2024 US Elections from space: NASA’s unique solution explained
Williams, miles away from Earth, will manage to participate in U.S. elections? This will happen due to NASA's initiative that ensures no astronaut is left behind when it comes to their civic duty.
04.11 / 12:57
markets
Citi
Strategy
awards
Experts
electronic
Headlines
Air purifier sales stagnate as marketers fail to capitalise on worsening pollution
Sales of air purifiers are limited to just 3-4 weeks after Diwali, that too mostly in the Delhi-NCR belt, with the market not even growing for some years which forced some top companies such as Samsung, Voltas, Panasonic, Daikin and Haier to either exit the segment or go “very slow”. Industry executives said consumers do not perceive air purifiers as a product which gives tangible value since they can’t see the effect in real time. Sales happen in Delhi-NCR when there is intense smoggy condition and worsening air quality index (AQI) hits the headlines.
04.11 / 09:07
markets
UPS
Platform
Nov
trends
electronic
reports
China's Singles Day shopping festival is more than halfway over. Here's how consumers are spending
BEIJING — Early indicators of China's biggest shopping event of the year reveal a pickup in select categories amid expectations of relatively modest growth in overall sales.
03.11 / 23:33
markets
UPS
Manufacturing
Sony
President
electronic
rights
A TV as big as a bed? With the holidays approaching, stores stock more supersize sets
For some television viewers, size apparently does matter
02.11 / 11:57
UPS
Digital
Intuit
electronic
recommendations
Features
Best Philips air fryers to buy in 2024 for easy cooking
Reasons to buyReasons to avoidThe PHILIPS Fryer HD9200/90 Air Fryer is a compact yet powerful option for smaller kitchens. It features Rapid Air technology for crispy, oil-free results, and is easy to clean and maintain.Reasons to buyReasons to avoidAlso read: Big savings on kitchen appliances during Amazon Great Indian Festival; Recommendations for air fryers, grinders, moreThe PHILIPS Fryer NA120/00 Air Fryer offers a sleek and modern design with intuitive cooking presets.
01.11 / 10:09
markets
Manufacturing
Analysis
economy
electronic
Commentary
Samsung set to account for half of South Korea’s economic growth
Samsung Electronics Co. is poised to account for about half of South Korea’s economic growth this year, making its biggest contribution on record, Bloomberg Economics said, in commentary that underscores the company’s significance in an economy that ebbs and flows with the global semiconductor industry. Samsung is South Korea’s largest company, accounting for about 8% of manufacturing output and 17% of the main stock index’s total market capitalization. Based on the gross profit its South Korea-based units generates, the company will likely be responsible for 1.1 percentage points of the 2.2% growth that the economy is expected to post this year, BE economist Hyosung Kwon said Friday in an analysis based on a series of data available since 2008. The report underscores the importance of Samsung’s efforts to secure orders for high-bandwidth memory from Nvidia Corp. and other developers of computer processors that power artificial intelligence development. It also highlights the concentration of clout that Samsung has over Asia’s fourth-largest economy after global demand for memory chips increased.
01.11 / 02:37
WhatsApp
wellness
electronic
innovations
PM Modi condoles T P G Nambiar's demise, hails his contributions
Modi condoled the demise of BPL Group founder T P Gopalan Nambiar on Thursday and said the pioneering innovator and industrialist was a strong votary of making India economically strong. Nambiar (94), the founder of Indian electronic company BPL Group, died on Thursday, family sources said.
31.10 / 14:55
markets
security
Experts
War
electronic
Department
USA sanctions on 10 Indian firms for allegedly aiding Russian military efforts; Sullivan speaks with Doval
Russian military. The announcement was made by US Treasury and State Departments in what they described as «third-country enablers”. However, there is no independent verification if these Indian firms were part of efforts to boost Russian military apparatus. “…The U.S. Department of the Treasury sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. Today’s action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye,” according to the announcement.
31.10 / 10:47
markets
COST
Progressive
Mobile
electronic
reports
Samsung reports 'major' progress in supply deal for AI chips
Samsung Electronics has reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter
31.10 / 09:39
markets
UPS
Waters
Manufacturing
Universities
electronic
Andhra Pradesh emerging as hub for startups, manufacturing; soon to have AI University: Nara Lokesh
Andhra Pradesh offers a highly favorable environment for investments with investor-friendly policies, an extensive coastline, and well-developed road, water, and air connectivity, making it an ideal time for new industries to set up operations, according to Minister for Education, IT, and Electronics, Nara Lokesh. Minister Lokesh met with representatives of the US-India Business Council and Indiaspora. Speaking on the occasion, Lokesh emphasized that under the leadership of Chief Minister Chandrababu Naidu, Andhra Pradesh is rapidly progressing towards development. The state is set to become a hub for startups and manufacturing in the coming days, he said, adding an ecosystem conducive to industry growth is being developed, and the Economic Development Board has been revitalized to streamline approvals without delay.
31.10 / 02:07
Digital
Platform
country
electronic
inclusion
Courts
Videos
Online dispute resolution needed a booster shot. This covid-era hack might be it
Subscribe to enjoy similar stories. When Presolv360 began operations in 2017, most companies and individuals still preferred to gather in dim court halls to resolve their disputes.
31.10 / 01:35
markets
economy
Experts
PAM
electronic
reports
Schools
Samsung says Q3 operating profits soar to $6.6 bn, but misses forecast
Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion, but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers. The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) «largely due to one-off costs». It also warned in a statement that «the strength of the Korean won against the US dollar resulted in a negative impact on company-wide operating profit».
31.10 / 00:57
markets
UPS
Digital
Manufacturing
Experts
PAM
electronic
Tamil Nadu goes to town on manufacturing. Target: hinterland
Tamil Nadu’s Ranipet district, famed for being a hub for power loom weaving. But the small town, which is barely a hundred kilometres from state capital Chennai, is now poised to emerge as a nodal destination for global automobile manufacturing. In September, Tata Motors broke ground for its Rs 9,000 crore greenfield factory designed to produce cars for local and overseas markets for Tata Motors and JLR. The ambitious project is expected to create over 5,000 employment opportunities--both direct and indirect--and drive significant skill-building in the local community. Panapakkam has a population of around 11,536 as per 2011 census with residents primarily engaged in agriculture and weaving. The town is known as the production centre for power loom lungis, the sarong-like wrap favoured as everyday wear by multitudes of south Indian men.
30.10 / 07:43
markets
COST
Digital
NVIDIA
Experts
electronic
Samsung’s sudden $122 billion wipeout shows the cost of sleeping on AI
Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging and its stock was rising toward an all-time high. Now, South Korea’s biggest company has become a stark example of how quickly fortunes can turn in an industry where the spoils go to those who maintain a technological edge. As concerns mount that the company is losing out to smaller rival SK Hynix Inc. in AI memory and failing to gain on Taiwan Semiconductor Manufacturing Co. in outsourced chipmaking, Samsung shares have tumbled 32% from this year’s peak on July 9. The company has lost $122 billion of market value in that span, more than any other chipmaker worldwide.
29.10 / 17:55
UPS
Manufacturing
economy
Yellow
wellness
electronic
Dhanteras-Diwali Sparkles: Gold and silver shine bright
Gold imports are surging to cater to festive demand and have been added by sharp duty cuts in this year's budget. Central banks, including RBI, are also propping up demand for gold as they bulk up reserves in an effort to diversify their reserves. The metal is still serving as a safe haven, with economic data from advanced economies not offering investors clarity on the extent of economic slowdown.
29.10 / 09:49
markets
UPS
Provident
Target
Manufacturing
electronic
exclusive
Syrma SGS Technologies targets $1 billion revenue by FY27
Subscribe to enjoy similar stories. Syrma SGS Technology Ltd, an electronic system design and manufacturing company, aims to clock $1 billion in revenue by FY27 and is 'seriously evaluating’ opportunities in manufacturing semiconductors and printed circuit boards, managing director Jasbir Singh Gujral said in an exclusive interview with Mint. Having reported revenue of ₹833 crore and a lower-than-expected profit of ₹39.6 crore in the quarter ended September, Gujral maintained that the company’s revenue will grow at 35-40% with an EBITDA margin of 7%.
29.10 / 00:59
markets
UPS
Digital
Manufacturing
electronic
information
guidelines
New ‘operating system’ in works to ramp up local IT hardware play
import quotas to electronic hardware manufacturing companies that can step up domestic production under the production-linked incentive (PLI) scheme for information technology (IT) hardware, said people with knowledge of the matter. In a meeting with stakeholders last week, government officials asked all companies to provide concrete production plans for the next fiscal year for products such as laptops, tablets, all-in-one personal computers, ultra-small form factor computers, and servers. “The idea is that companies must increase the domestic value addition for their products,” an official said. “All (companies) have been given enough time and we must look for ways in which it (domestic value addition) can be improved without any major business disruptions.”
29.10 / 00:59
markets
UPS
Digital
Platform
electronic
Features
Quick commerce platforms see surge in Diwali gift orders
Quick commerce platforms are seeing a surge in Diwali gift orders as they seek to increase their market share during the festive season. Zomato-owned Blinkit, Swiggy Instamart and General Catalyst-backed Zepto have rolled out features like equated monthly instalments (EMI), postpaid options, 10-minute returns for clothing and footwear, and expanded their inventory with popular festival-related products. The ultra-fast delivery model aided by discounts has been the key driver for these platforms, with a shift toward quick commerce in the last week of festive sales, according to ecommerce consultancy Datum Intelligence. These platforms have created a separate Diwali section on their apps, featuring categories such as puja essentials, Dhanteras items, gifting, home decor, party supplies, fashion, electronics, sweets, and dry fruits.
28.10 / 08:57
Provident
Digital
Manufacturing
CEO
wellness
electronic
innovations
Cyient acquires 27.3% in US based Indian startup Azimuth AI
Cyient, on Monday announced the acquisition of a 27.3% stake in Azimuth AI, a fabless custom ASIC company, for a consideration of $7.25 million. The strategic investment will expand Cyient’s capabilities across the semiconductor industry, said the Hyderabad headquartered firm in an exchange filing. This is the third such M&A deal entered by Cyient this month.
27.10 / 08:57
UPS
Waters
ICE
electronic
travelers
Features
Best portable juicers: Top 6 compact and easy-to-use options for fresh juices anytime, anywhere
Reasons to buyReasons to avoidThe InstaCuppa Portable Juicer is a high-quality and rechargeable juicer that is perfect for crushing and blending fruits and vegetables. It features a durable stainless steel blade and a compact design, making it ideal for making smoothies and shakes on the go.
26.10 / 00:35
security
Research
Trade
show
country
electronic
International
Centre weighs grand plan for critical mineral show
Subscribe to enjoy similar stories. New Delhi: India is putting in place an ambitious plan to secure access to critical minerals in foreign countries by buying majority stakes in overseas companies, two people aware of the development said.
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