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Online retailers like Flipkart and Amazon are poised to record 20-25% growth in festive season sales this year, gauging from response to the first three days of sale, according to estimates from Datum Intelligence and senior industry executives briefed on the sale trajectory. During September 26-28, online retailers clocked about 26% rise in sales compared to last year, at about Rs 26,500 crore ($3.2 billion), as per Datum Intelligence, which tracks ecommerce data. The market researcher estimates gross sales of $12 billion this festive season, a growth of about 23%, including discounts and returns. Etail major Flipkart is on track to hit its internal targets for this festive season based on the first three days of sale. The first day of sale was only open to paid VIP and Plus members, similar to Amazon Prime. “Day 1 is usually for the high frequency buyers and the next day it opens to all…Now, with three days of trends in, their (Flipkart) sales remain on target,” said one of the executives cited above.

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Subscribe to enjoy similar stories. The tyranny of touch screens may be coming to an end. Companies have spent nearly two decades cramming ever more functions onto tappable, swipeable displays.

Tata Electronics, its mobile phone accessories painting facility in Hosur was engulfed in a massive fire on Saturday morning, leading to halting of operations at the only Indian vendor for the iconic iPhone. The fire incident took place at around 5:30 am and 11 fire engines were still at the spot at 4.45 pm as the fire had not been fully doused, people aware of the matter told ET. «Our emergency protocols at the plant ensured that all our employees are safe,» Tata Electronics said in a statement. «The cause of the fire is under investigation and we will take necessary actions to safeguard the interest of our employees and other stakeholders.»

UK government announced on Friday that it had acquired a key semiconductor factory after fears its imminent closure would hamper a crucial supply chain to Britain's armed forces. The facility at Newton Aycliffe in northeast England is the only secure site in Britain with the capability to produce gallium arsenide chips, used in electronic devices. The semiconductors are used in a number of military platforms, including to boost fighter jet capabilities.

chemical godown of the electronics component factory of Tata Electronics Pvt Ltd in Tamil Nadu in the early hours of Saturday, police said. However, there were no casualties nor anyone injured due to the incident, they said. Seven fire tenders from Hosur and nearby districts were pressed into service. They doused the flames after battling for hours. «The incident occurred at a chemical godown located on the campus at about 6 am. Seven fire tenders were pressed into service. There has been no casualty nor injury to anyone,» a senior fire and rescue service official at the Hosur Fire Station told PTI.

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electronic trading systems has altered trading in financial markets. Technology now enables trading to be more effective, and there is less reliance on manual intervention. The trading systems have become more sophisticated, and with algos potentially operating 24x7, traders can open up to new possibilities, scale and implement complex strategies without any physical presence.

Many Canadians likely plug in their phone before going to bed to charge it during a period of the day when they don’t need it, but Montreal fire officials are urging people not to do so due to a potential fire risk.

Subscribe to enjoy similar stories. New Delhi: For two decades, Ashok Mehta has been exporting textiles from his Suchi Industries Ltd. in Surat, Gujarat, generating a revenue of about ₹30 crore in FY23.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. For wearables and electronic devices brand Boult, which started off as an audio products maker before getting into a wider range of items, the top spot in terms of market share has eluded the company despite high growth. But the two founders — brothers Varun and Tarun Gupta — insist that being profitable takes precedence over market share. Boult’s ability to scale quickly — it is estimated to have posted Rs 800-850 crore in revenue in fiscal 2024 — without raising any external capital made it the winner in the ET Startup Awards Bootstrap Champ category this year.

The Michigan Court of Appeals has thrown out a manslaughter charge against a Detroit gas station clerk who locked the door before an angry customer shot three bystanders, killing one

A settlement has been reached in a defamation lawsuit pitting an electronic voting machine manufacturer targeted by allies of former President Donald Trump against a conservative news outlet that aired accusations of vote manipulation in the 2020 election

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Bharat Electronics Ltd. traded at Rs 289.9 on BSE at 10:40AM (IST) on Thursday, up 0.01 per cent. The stock quoted a 52-week low price of Rs 127.0 and a high of Rs 340.35. Earlier in the day, the stock saw a gap up opening.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. After having witnessed an unprecedented downturn during the Covid-19 pandemic, which left the company with cash to run just for a fortnight, Accel-backed furniture and electronics rental startup Rentomojo is now gearing up to file for an initial public offering in the next 18 months, its founder and chief executive Geetansh Bamania said. Founded in 2014 — among multiple other furniture and electronic rental startups that came up at the time — Rentomojo had its work cut out to come out on the top.

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

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S Krishnan said on Wednesday. Addressing reporters on the completion of 10 years of Make In India initiative, the official said the overall production of electronics in India has increased to Rs 9.52 lakh crore with an annual compounded growth rate of 17.4 per cent from Rs 1.9 lakh crore in 2014-15, he said. «If you look at what the PLI scheme has done in the mobile sector, the overall production we have reached is far in excess of the target. We have reached Rs 6.61 lakh crore is the total value of production, well above the target that has been set. The overall investment has been Rs 9,100 crore, which is again well above the target,» Krishnan said.