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incentives for companies that have exceeded production, sales, and export targets of mobile phones every financial year under the mobile phone production-linked incentive (PLI) scheme, sources told ET. A senior government official told ET that some companies have consistently met their production, sales and export targets under the PLI scheme and have sought additional incentives due to them as soon as possible as a “good faith” measure. “The decision on disbursement on production above the ceiling limit is pending at the empowered committee level. We are looking at how to approach this issue best and hope to arrive at a solution soon,” an official said.

₹3.5 crore to ₹4.2 crore (ex-showroom), positioning it at a minimum of ₹50 lakh to ₹60 lakh higher than the Maybach GLS with an internal combustion engine.According to a report by auto publication Carwale, the Indian variant of the Maybach EQS will feature a 122kWh battery pack, delivering an impressive claimed range of 611 kilometers. The SUV is equipped with dual motors providing all-wheel drive (AWD), producing a substantial 649bhp and 950Nm of torque.

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Aerospace (FWDA) on Tuesday announced the successful maiden flight of indigenous unmanned bomber aircraft, the FWD 200B. Classified as a Medium Altitude (15,000 feet) Long Endurance (MALE) Unmanned Aerial Vehicle (UAV), the FWD 200B is equipped with optical payloads for surveillance and missile-like weapons for air strikes and bombing, the FWDA Founder and CEO Suhas Tejaskanda told reporters here. «The aircraft's aerodynamics design, airframe, propulsion systems, controls systems, electronics are all made in India at FWDA's state-of-the-art manufacturing facility of 12,000 sq.ft built on 1.5 acre land, located at Electronic City, Bengaluru,» he said. FWD 200B features a wingspan of five metres and a length of 3.5 metres. It has a maximum take-off weight of 102 kg and a payload capacity of 30 kg, the company said.

consumer devices on Tuesday with the introduction of Mygate Locks, a range of smart door locks to offer home security with digital convenience. The Mygate Locks will enable users to go keyless and manage home access remotely. It includes features such as remote unlocking using OTP, end-to-end data encryption, simple user management, real-time notifications, and integration with the existing app for gated communities. This entry into the consumer electronic segment, available to users across India, marks an expansion of its product offerings beyond its core software solutions.

“We wish to inform you that Union Cabinet chaired by Honourable Prime Minister of India, Shri Narendra Modi approved the proposal of Kaynes Semicon Private Limited, a wholly owned subsidiary of Kaynes Technology India Limited, to set up a semiconductor unit at Sanand, Gujarat through its press release dated 02nd September, 2024,” the company said in a filing to the exchanges.

Defence stocks have corrected by up to 30% in the past one month as investors look to book profits after multibagger rallies over the past one-and-half years. As a strategy, investors should stay away from bottom fishing at this time and the decision to invest in this sector should come only when the signs of reversal become apparent, experts recommend. In the Nifty Defence index, six stocks have seen their price erode in double digits with Cochin Shipyard remaining the top loser in the pack falling by 30% in the last one month. It is followed by Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders which have declined by 26% and 21%, respectively in the same period.

Defence sources indicated that the Defence Acquisition Council (DAC) is expected to approve issuing a tender worth approximately Rs 70,000 crore to Indian shipyards under the 'Make in India' initiative, including private sector shipyards.

₹98,924 crore in FY23. China’s electronics conglomerate BBK Group, which operates five gadget brands in the country, maintained steady revenue at ₹81,870 crore in FY23 despite sales volumes falling significantly. Apple India clocked ₹49,321 crore in revenue in FY23.

Bharat Electronics Ltd. fell 1.26 per cent to Rs 295.6 in Monday's trade as of 01:18PM (IST) even as the benchmark Nifty ruled at 25257.2, up 21.3 points. The scrip had closed at Rs 299.4 in the previous session. The stock quoted a 52-week low of Rs 127.0 and a high of Rs 340.35. The company quoted a market-cap of Rs 215930.87 crore on the BSE.

Realme 13 5G, Realme 13+ 5G launched in India: Check price, specifications and moreRealme Narzo Turbo 5G is confirmed to be powered by the MediaTek Dimensity 7300 Energy chipset, which is claimed to be the fastest chipset in its segment and boast an Antutu score of over 7,50,000. Notably, this chipset was last seen powering the Oppo Reno 12 Pro and CMF Phone 1.

Tata Motors is all set to introduce its latest model, the Curvv, in both electric and internal combustion engine (ICE) variants. The pricing for the ICE version will be disclosed on September 2, 2024.

«Defence as a segment, whether you take any other country companies, Lockheed Martin in the US, etc, their order book despite being mature countries grow very fast. So, there is a trading positional investment opportunity in, let us say, Bharat Electronics or HAL, but valuations are still rich,» says Chakri Lokapriya, Managing Partner, RSB LLP. What the outlook is on some of these defence stocks, given the fact that they are a buzz in today's trade, what is it that catches your eye within the sector? Chakri Lokapriya: The defence stocks, as we know, have corrected in the last month or so. The outlook remains strong, as the order book for these companies is never in question for the next three to five years. What was in question is the valuation and the ability to sustain the momentum of the order book, which I think the second question is easier to answer, which is the order book momentum will continue. Defence as a segment, whether you take any other country companies, Lockheed Martin in the US, etc, their order book despite being mature countries grow very fast. So, there is a trading positional investment opportunity in, let us say, Bharat Electronics or HAL, but valuations are still rich.

India's growth is driven by investment in infrastructure, inclusive development, manufacturing, and simplification of laws, said Ashwini Vaishnaw, union minister for electronics and information technology, information and broadcasting, and railways. When it comes to infrastructure, the government is investing not just in physical and digital assets but social resources as well, he said at the Economic Times World Leaders Forum on Saturday. Medical colleges for example have nearly doubled to 706 in the last 10 years, while the number of premier All India Institutes of Medical Sciences (AIIMS) have gone to 22 from seven, he said Vaishnaw. On the manufacturing side of things, a key driver of new jobs, Vaishnaw said the government is focusing on creating new industries through programmes such as production-linked incentive (PLI) schemes. The PLI for mobile phone manufacturing has generated 1.2 million direct and indirect jobs in the past decade, he said. The total production value of mobile phones manufactured in India has risen from $2.3 billion in 2014 to $50 billion in 2024, he said.

There are lots of embarrassing ways to lose money, but it is particularly galling to lose when you correctly identify the theme that will dominate the market and manage to buy into it at a good moment. Pity the investors in the three artificial-intelligence-themed exchange-traded funds that managed to lose money this year. Every other AI-flavored ETF I can find has trailed both the S&P 500 and MSCI World.

electronics component ecosystem in India, union minister for electronics & information technology Ashwini Vaishnaw said. Vaishnaw, who is also the minister for railways and information & broadcasting, said more than 99% of all mobile phones used in the country are being made in India. “This year, Apple will be manufacturing its latest model in India,” Vaishnaw said at The Economic Times World Leaders Forum. “The value of electronics manufacturing in India had increased to $105 billion as of 2022-23, up from $29 billion in 2013-14. We are preparing a programme where the component ecosystem can expand in India in the same way as electronics and mobile manufacturing has expanded.”

Japan is a nation so hardworking its language has a term for literally working oneself to death

scheme to help set up a sustainable electronics component ecosystem in India, union minister for electronics and Information Technology, Railways, and Information Broadcasting Ashwini Vaishnaw said. Speaking at the inaugural session of the World Leader Forum 2024, Vaishnaw said that more than 99% of all mobile phones used in India were being manufactured domestically. “This year Apple will be manufacturing their latest model in India. The value of electronics manufacturing in India had increased to $105 billion as of 2022-23, up from $29 billion in 2013-14. We are preparing a program where the component ecosystem can now come in the way electronics and mobile manufacturing has come in,” he said.

Ashwini Vaishnaw said during his address at the ET World Leaders Forum event held in Delhi on August 31. There are four pillars of growth, the minister said — investment in public infra, inclusive growth, manufacturing and simplification of laws. Vaishnaw observed that from 2014 to 2024, India constructed 14,985 kms of railway tracks, which is higher than a rich country like France achieved during the same time frame.

Health Canada issued the recall on Thursday for several models of Samsung’s electric slide-in ranges because the front-mounted knobs can “accidently activate” through contact by people and pets and pose a fire hazard.Approximately 326,250 units of the affected ranges were sold from 2013 to August 2024 across the country.Samsung Electronic Canada said it is providing customers with a set of free knob locks or covers, depending on their model, to prevent “accidental activations.”Customers can continue using their recalled stoves while they wait to receive the free set compatible with their model, but should take some safety precautions, the company said.Health Canada is advising customers who are using the recalled ranges without knob locks or covers to make sure that children and pets are kept away from the knobs, to not leave objects on the range when not in use and to turn the knobs off after cooking before leaving home or going to sleep.Those who have Wi-Fi enabled ranges can turn on the “Cooktop On” notification on the Samsung SmartThings app to receive alerts when a cooktop burner is turned on, the agency said.As of Wednesday, 57 incidents and seven injuries have been reported to Samsung related to the affected products.Customers who have the recalled stoves can go to Samsung Canada’s website to request a free knob kit.

Raymond James is settling with Finra for more than $1.8 million over alleged failures to supervise reporting of customer complaints and monitor 4.7 million mutual fund purchases between 2012 and 2017.