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Electronics has become the country's fifth largest export commodity, growing by 23 per cent annually, a senior official in the Ministry of Electronics and IT said on Friday. Electronics manufacturing in India has crossed USD 100 billion market in March 2024, which was USD 49 billion in 2017, Bhuvnesh Kumar, Additional Secretary in the Ministry of Electronics and IT, said at the launch of indigenously-built Tyronne AMD servers by Netweb Technologies. «The electronics exports are rapidly growing at rate of 23 per cent annually. Last year we did USD 30 billion of exports from India. »Surprisingly for many, it has become 5th largest commodity being exported from India," Kumar said.

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Applied Materials will be signing a Memorandum of Understanding (MoU) with the Tamil Nadu government on Friday to establish an advanced AI-enabled technology development Center of Excellence focused on semiconductor manufacturing and equipment in Taramani, Chennai. The MoU is to be signed in San Francisco in the presence of the Tamil Nadu Chief Minister, MK Stalin and President of the Semiconductor Products Group at Applied Materials, Dr. Prabu Raja. “Investment in key sectors such as advanced electronics and semiconductors will help us achieve the $1 trillion economy goal by 2030. We want to make Tamil Nadu the most advanced knowledge and innovation hub in South Asia,” Tamil Nadu Chief Minister MK Stalin said in a statement.

Ministry of Communications has said that any order for temporary suspension of telecom services should clearly state the reasons and define the geographical area where it will be implemented and the duration should not exceed 15 days. Under the draft rules for temporary suspension of telecommunications services under the Telecommunications Act 2023 notified late Thursday, the order will only address the specific reason for which it has been issued. Additionally, a copy of the suspension order should be forwarded to the concerned review committee within a period of 24 hours from the issuance of such order.

Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans pull back on purchases of appliances and other consumer electronics gadgets to focus on essentials

₹3.99 crore. Buyers of the Aston Martin Vantage will have the option to personalize their vehicle with an array of customization choices, reported HT Auto.

Union Minister Nitin Gadkari on Thursday said credible media is important for the qualitative transformation of democracy and socio-economic development of the country. Addressing an event here, Gadkari said every politician expects media support, but the media should support what is good for democracy and the country. He noted that once upon a time, people were only dependent on print media and electronic media, now they are dependent on social media. «In media, what we need is credibility, goodwill...people are expecting information from the media by which they can make the qualitative transformation of our democracy,» the minister said.

Japan's Nikkei share average edged lower on Wednesday as a strengthening yen weighed on the index's many exporters, while looming earnings from AI darling Nvidia later in the day kept investors cautious. The Nikkei was down 0.3% at 38,167.80 as of 0019 GMT, continuing its narrow fluctuations since mid-month anchored around the psychological 38,000 mark.

fundamental analysis to invest in companies based on their financials. The second believes in making short-term trades based on seasonal momentum or technical analysis. Irrespective of which type of investor you are, a multiyear breakout of any stock is something to keep an eye on as it could be a sign of significant potential in the security.

China's Ministry of Commerce said on Sunday it strongly opposed a U.S. decision to add multiple Chinese entities to its export control list over Russia-related issues. The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military. The companies — 42 Chinese, 63 Russian and 18 from other countries — were targeted for reasons from sending U.S. electronics to Russian military-related parties to producing thousands of Shahed-136 drones for Russia to use in its invasion of Ukraine.

tech giants dragged down Wall Street, as focus shifted from the Federal Reserve’s policy outlook to Nvidia Corp.’s earnings later this week. Japanese and South Korean stocks turned slightly higher after earlier losses, with mild gains in Australia. Hong Kong futures pointed to a weak opening, while contracts for US peers were steady after some of the world’s largest tech names pushed US stocks lower.

space exploration, marking the first time a spacewalk will be conducted without the involvement of government astronauts.The Polaris Dawn mission will see a crew of four SpaceX astronauts, led by billionaire entrepreneur Jared Isaacman, venture into Earth's orbit aboard a modified Crew Dragon capsule. What sets this mission apart from previous spacewalks is that the entire capsule will be depressurized, forcing all crew members to rely solely on their spacesuits for survival.

Bharat Electronics Ltd. gained 0.32 per cent to Rs 307.05 in Monday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 609.44 points higher at 81695.65. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0 on NSE. Around 777830 shares changed hands on the counter till 11:52AM (IST).

In Pimpri near Pune, when Tata Motors set the ball rolling to set up a pioneering all-woman line at its Harrier and Safari SUV plant, prospective employees —and their parents —had concerns about how they would travel and where they would stay. The management realised that for their mission to succeed, an important piece that had to fall in place was an assurance that the female workers would have a safe commute and accommodation. Says Sitaram Kandi, chief human resources officer, Tata Motors: “Where they would stay became our biggest concern since we didn’t have hostels. We shortlisted hostels near the plant and each one was visited by three different teams at different times of the day so that we could give the girls and their parents confidence.” After a tough initial phase, Tata Motors was able to increase the share of women on the shopfloor from 4% to 12%. “When you think of women’s employment, three big infrastructural barriers end up being the lack of safety, mobility and childcare,” says Pooja Goyal, founding CEO of Udaiti Foundation, which focuses on women’s economic empowerment. “For women to go out of the house to work, the benefit needs to be significantly more than what it is for a man since they are the ones doing the caregiving.”

SGB taxation in budget 2024: Changed capital gain tax on maturity, selling prematurely in RBI's buyback or on stock exchange

TVS Electronics, an electronic products and warranty solutions company, has seen a robust rally in the last 10 years, rising as much as 1,065%. Accordingly, if an investor had pumped Rs 10,000 into the stock four years ago and stayed put, the investment would have jumped to 1 lakh, according to an analysis by ET Markets.

Amazon India is set to tweak its seller fee structures with effect September 9, with several categories seeing a reduction in commissions in the run up to the festive season. The firm has reduced commissions in the range of 3-12% for 59 sub-categories, Amazon India’s director of selling partner services, Amit Nanda, told ET. The reduction is focused on products with low average selling price (ASP), he said. “We also wanted to help our sellers in planning for their Diwali and other festive sales… with this change, we’re hoping sellers will find it as cheap, if not cheaper, to sell some products on Amazon compared to their offline channels,” Nanda said.

ecommerce platforms like Amazon and Flipkart by matching their prices across groceries and fast-selling general merchandise, triggering a price war in the home delivery space. This is a departure from the earlier pricing strategy of quick-commerce players who typically charged 10-15% premium over average ecommerce marketplace prices for instant deliveries, industry executives said. The strategy now is to win consumers from large ecommerce at a time when urban shoppers increasingly prefer faster and scheduled deliveries, they said.

Ecommerce company Amazon India is set to tweak its seller fee structures with effect September 9, with several categories seeing a reduction in commissions in the run up to the festive season. The firm has reduced commissions in the range of 3-12% for 59 sub-categories, Amazon India's director of selling partner services, Amit Nanda, told ET. The reduction is focused on products with low average selling price (ASP), he said. «We wanted to help our sellers in planning for their Diwali and other festive sales… we're hoping sellers will find it as cheap, if not cheaper, to sell some products on Amazon compared to their offline channels,» Nanda said. In March, ET reported about Amazon increasing commissions in the range of 10-30% across major segments. At the time, it had shifted several categories like car electronics, keyboards and mouses, and personal care appliances from a single flat commission to a tiered system based on ASP. This time, categories like apparel, home furnishing, fashion and sports will see a reduction in seller commissions.

digital currency (CBDC) or electronic form of rupee, despite the central bank's efforts to popularise it. «If we talk about CBDC vis-a-vis UPI (united payments interface), usage of UPI is already prevalent and I don't see that CBDC serves any special purpose,» the former deputy governor said Friday in Kolkata.

Canara Bank has entered the Nifty Bank index at the cost of Bandhan Bank as part of the semi-annual rejig. Canara Bank's average free-float market capitalisation stood at Rs 38,973 crore over six months as against Bandhan Bank's Rs 15,945 crore. With its inclusion, Canara Bank is expected to receive flows of $ 84 million whereas Bandhan Bank might witness outflows of $ 47 million, according to a note from JM Financial.