Electronic Financial News
18.09 / 01:55
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electronic
Is Adani's semiconductor play a long-term game?
Subscribe to enjoy similar stories. New Delhi: The Adani group will manufacture microchips for its own businesses ranging from ports to power and mining, as well as for global and domestic customers at its proposed fabrication plant in Maharashtra, multiple officials aware of the plans said. The ports-to-cement conglomerate has tied up with Israel’s Tower Semiconductor to build the foundry in Maharashtra's Raigad district.
17.09 / 18:45
Blockchain
Digital
Platform
Trade
Bitcoin
electronic
International
Deutsche Digital Assets Launches Macro-Adjusted Bitcoin ETP on Euronext
Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...
17.09 / 12:13
markets
Trade
country
electronic
reports
International
Russia to Trial Crypto Payments for Military-Related Imports: Report
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
17.09 / 11:33
Southern
Audi
Trade
Experts
electronic
reports
isolate
Autoworkers demonstrate in Brussels to protest layoff threats across the EU industrial base
Trade unions and thousands of disgruntled workers are demonstrating in the Belgian capital to protest the threat of massive layoffs in a state-of-the-art Brussels car factory and other key industries
17.09 / 03:22
UPS
Manufacturing
Apple
FLEX
Trade
electronic
Samsung strike: Can it crash Tamil Nadu’s dream?
Subscribe to enjoy similar stories. Tamil Nadu dominates India’s electronics exports with a 34% share. This hard-won dominance is at stake as Samsung India workers’ strike at its Sriperumbudur unit refuses to die down and risks spreading to other units.
17.09 / 03:09
UPS
Digital
stage
country
electronic
reports
Brookfield hit it big with towers. Here's what it has in mind next.
Subscribe to enjoy similar stories. Mumbai: Canada's Brookfield Infrastructure Partners is weighing potential investments in India's emerging semiconductor fabrication sector, even as it actively assesses opportunities in fibres, transmission lines, electric vehicles and smart meters. In the US, Brookfield has invested $15 billion in a joint venture with Intel Corp.
16.09 / 09:28
UPS
Death
War
electronic
International
The crude system of coded messages keeping Hamas’s leader alive
Subscribe to enjoy similar stories. Hamas’s top leader Yahya Sinwar could well be dead today if not for a low-tech communications system honed in prison that shields him from Israel’s intelligence-gathering dragnet. Sinwar has largely shunned phone calls, text messages and other electronic communications that Israel can track and that have led to the demise of other militants.
15.09 / 08:09
markets
Manufacturing
Apple
economy
Trade
country
electronic
The broken relationship between market cap and GDP
The MacBook Pro is the only Apple product manufactured in the USA. Currently, total sales of Mac computers account for less than 10% of Apple's revenue, with the MacBook Pro representing slightly more than half of Mac computers' sales.
14.09 / 08:12
markets
IPO
JPMorgan
Citigroup
stage
electronic
information
LG said to pick banks for $1.5 billion listing of Indian unit
Subscribe to enjoy similar stories. (Bloomberg) -- South Korea’s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter.
14.09 / 07:00
markets
UPS
Manufacturing
security
Strategy
Food
electronic
Polymatech enters MENA with $16.2-million Bahrain funding
Polymatech Electronics is investing $16.2 million (about Rs 136 crore) in Bahrain as part of its strategy to spend more than $100 million in the Gulf nation by 2027, top company officials said. This investment marks the first phase of Polymatech’s foray into the Middle East and North Africa (MENA) market, the officials told ET. Polymatech designs, manufactures, packages, and assembles opto-semiconductor chips and modules. Opto-semiconductors are electronic devices that either emit or detect light, and are used in a variety of applications, including medical lighting, large-area lighting, cell phone backlights, agriculture, PCs, and laptops.
13.09 / 09:58
markets
UPS
Manufacturing
Mobile
Parke
electronic
reports
Bimaru to boom state: UP will now have a chip on its shoulder
Uttar Pradesh, once called a bimaru (sick) state with low industrialisation, is on its way to become a boom state. As it strives to become an electronics hub, the state will now get a semiconductor plant too. The joint venture between Taiwan’s Foxconn and IT services major HCL Group has been allotted around thirty acres of land, near the upcoming Jewar airport in Uttar Pradesh’s Noida, to set up a semiconductor outsourced assembly and testing (OSAT) unit, said Et has reported based on information from sources. Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, the government said in a statement in July. Among several proposals, it has so far considered Hiranandani group’s Tarq Semiconductor plant. In fact, Uttar Pradesh has emerged as the only north Indian state actively vying for high-tech industrial projects which has traditionally been the mainstay of south Indian states. Uttar Pradesh has followed states Karnataka, Tamil Nadu and Gujarat to have a dedicated semiconductor policy.
13.09 / 04:07
markets
Manufacturing
Apple
NVIDIA
Research
Trade
electronic
Can Tata and Adani give Nvidia a run for its money?
Subscribe to enjoy similar stories. “The next industrial revolution has begun." Jensen Huang, chief executive of Nvidia Corp., on the earnings call for the chipmaker’s financial second quarter ended 28 July. A glimpse of this revolution was already visible in Nvidia’s full-year earnings for 2023-24.
13.09 / 03:52
markets
Manufacturing
Experts
electronic
information
reports
testing
IT hardware makers push for faster BIS certification to boost local production under PLI scheme
IT hardware manufacturers are urging the government to significantly reduce the five-to-six-month certification process for locally-made laptops and notebooks, which they say is hindering production ramp-up under the production-linked incentive (PLI) scheme for IT hardware. Industry executives have informed the Ministry of Electronics and Information Technology (MeitY) about the extended timelines for acquiring BIS (Bureau of Indian Standards) certification. This is due to the mandatory separate tests for battery packs installed on laptops, after running viability tests for making the products with local contract manufacturers. “Currently, because of the requirements of acquiring testing certificates for individual components like the battery pack as well as the laptop as a whole, the whole process takes around 5-6 months, where the products themselves have a shelf life of 8-10 months,” a senior executive at a leading IT hardware brand told ET on condition of anonymity.
12.09 / 11:48
markets
UPS
Manufacturing
wellness
electronic
testing
rights
Kaynes to keep away from fabs for now, focus on chip facility, says CEO
Mint. “The plant is costing us ₹4,000 crore ($475 million) to set up, and this itself will take 18 to 24 months to complete fully and make it operational. Right now, we don’t have any plans to venture into a fab project, at least in the near term. We’ll start with chip manufacturing through OSATs, and then slowly see how we can scale up," he said on the inaugural day of Semicon India 2024.
12.09 / 06:20
UPS
Analysis
trends
Trade
show
electronic
BEL shares gain 0.76% as Sensex rises
Bharat Electronics Ltd. traded 0.76 per cent up at Rs 290.25 at 11:16AM (IST) on Thursday, even as BSE benchmark Sensex gained 225.31 points to 81748.47. The scrip had closed at Rs 288.05 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 340.35 and Rs 127.0, respectively.
12.09 / 02:35
UPS
Manufacturing
Mobile
electronic
information
Interviews
Zetwerk aims to make servers in India from FY26, co-founder Rahul Sharma says
Mint in an interview. Also read | Zetwerk charts ₹1,000 crore game plan for electronics manufacturing “In the next two quarters, MoUs (memorandums of understanding) with global firms from Korea, Japan and Taiwan will be signed, through which we will get into new sectors of automotive and defence electronics. In the next financial year, we’re looking at making servers locally and we will also expand our laptop manufacturing capacities.
11.09 / 15:59
markets
Extreme
CEO
NXP
Research
President
electronic
NXP to invest over $1 billion in R&D in India over next few years, says company at Semicon India 2024
NXP Semiconductors plans to invest over USD 1 billion to double its research and development activities in India over the next few years, a top company official said on Wednesday. Speaking at Semicon India 2024, NXP Executive Director, President and CEO Kurt Sievers said the company is engaging with the whole industry, downstream in the automotive sector, industrial sector, which is going to make India extremely powerful as an economy. «In that context, NXP is committed to double its R&D efforts here in the country in the next few years, which is far in excess of a billion dollars,» he said. Sievers said NXP has been present in India for about 50 years.
11.09 / 14:34
COST
Universities
electronic
information
reports
Department
Schools
US consumer watchdog finds that school lunch fees are taking a toll on parents
The U.S. consumer watchdog has found that low-income families typically pay as much as 60 cents per dollar in fees when paying for school lunches electronically
11.09 / 05:12
markets
UPS
Target
Trade
electronic
reports
Buy Data Patterns (India), target price Rs 2900: Motilal Oswal
Data Patterns (India) Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 15316.09 Crore) operating in Defence sector.
10.09 / 13:42
markets
Citi
Diversity
electronic
travelers
Features
Traffic
Noida traffic advisory for tomorrow: Check restrictions, diversions ahead of PM Modi inaugurating SEMICON event
Noida Traffic Police on Tuesday issued traffic advisory ahead of the SEMICON India 2024, which will be commencing on Wednesday in Greater Noida. The three-day conference will be inaugurated by Prime Minister Narendra Modi and therefore is set to see lot of VVIP movement. Global semiconductor giants are set to participate in the event, which will feature more than 250 exhibitors and 150 speakers. «The Gautam Buddh Nagar Traffic Police has issued an important traffic advisory for September 11, 2024, in view of a high-profile visit to Greater Noida. Due to anticipated traffic disruptions, several routes will be diverted, and alternative routes have been suggested to facilitate smooth travel during the event,» said Noida Traffic Police in a post on X.
10.09 / 12:22
markets
security
Strategy
wellness
Trade
show
electronic
Expiry of patent for key product weighs on PI Industries
Also Read: Heavy showers could rain on agrochemical firms' parade in Q2 Meanwhile, PI has made an offer to acquire Plant Health Care (PHC) plc, a UK-based company in the crop protection business, for £32.8 million (about ₹360 crore). However, PHC’s current contribution to revenue would be a mere 1.3%.
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