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smartphone manufacturing hub like China, yet. It is still importing a large chunk of the components that go into a smartphone. Smartphone exports from India picked up speed in the latter part of 2020, and crossed $1 billion a month in late 2022.

ET reported on April 17 that new entrants have been withholding major investments in UPI, waiting to get a sense of the market share rule. PhonePe and Google Pay dominate UPI payments. The government, though, is yet to indicate its official stand to the National Payments Corporation of India (NPCI), which manages the UPI railroad.

Pixar has officially set the release date for Toy Story 5 on June 19, 2026. Although this means a wait of nearly two years, the excitement surrounding the return of Woody, Buzz, and their friends is already building. The announcement was made during Disney’s D23 Expo in August 2024, where Pixar revealed details about the new installment.

gaming and animation in India is bright and Bengaluru is poised to be at the forefront, said Karnataka Minister Priyank Kharge on Monday. The government is committed to supporting startups and SMEs in the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector and establishing the state as a global hub for AVGC, he said. «Government is ready with funds and is willing to partner with anyone. In fact, I am seeing the AVGC industry as a foot in the door for electronics manufacturing for gaming accessories. So, it has the potential to create a parallel economy with respect to manufacturing as well,» said Kharge, who holds the portfolio of Information Technology. The minister unveiled the theme and poster for GAFX 2025, the 6th edition of one of India's most eagerly awaited gatherings in the gaming, digital media, and entertainment industries, which will be held between February 27 and March 1, 2025.

Bharat Electronics Ltd. traded 0.14 per cent down at Rs 302.85 on Monday at around 12:12PM (IST), while the benchmark BSE Sensex advanced 12.36 points to 80449.2. As many as 322,626 shares changed hands on the counter with a total value of Rs 9.81 crore.

With the new school year starting in a few weeks, Canadian parents are feeling “stressed out” about shopping for their kids and looking for ways to cut back their spending, recent surveys show.

India so far and plans more investment in the coming year, its Chairman Young Liu said on Saturday. Liu, a Padma Bhushan awardee, said that during his current visit he met various chief ministers and feels that India is on the rise. «So far, till last year, we have done USD 10 billion. We will do much more in this coming year,» Liu told PTI. He was speaking on the sidelines of the inauguration of the company's women-only residential complex near Foxconn's plant here.

Young Liu on Saturday asserted that the company hires employees regardless of gender but in India women, specially married women, have contributed greatly to its efforts. The chairman of the Taiwan-based iPhone contract manufacturer was speaking at the inaugural ceremony of its women-only residential complex here. The Foxconn chairman said there is an upward trend in all types of hiring by the Taiwanese electronics manufacturing major in India. "Foxconn hires regardless of gender, but women do make up a big part of our workforce here. I'd emphasise that married women greatly contribute to the efforts of what we are doing here," Liu said.

The industries department of the Delhi government has also collected feedback from stakeholders and the general public on three policies — Delhi Electronic System Design, Manufacturing and Refurbishment (ESDMR) Policy 2022-27, City Logistics Policy, and Industrial and Economic Development Policy 2023–33. This feedback will also be shared with the cabinet as and when it meets, sources told ToI. “We are ready with our draft proposal. We will start rolling them out once we get approval from the cabinet and the policies are notified,” said a Delhi govt official.

gold prices. An analysis by rating agency Crisil showed that gold loans grew more than 20% in June over May 2024. Most banks and NBFC have maintained an LTV (loan-to-value) ratio of 60-65% despite regulatory requirements of 75% which gave them a cushion when gold prices fell after the import duty was lowered in the budget.

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Karnataka Government, led by Chief Minister Siddaramaiah, conducted a strategic meeting on Friday with Young Liu, CEO and Chairman of Hon Hai Technology Group (Foxconn), to discuss strengthening the company's investment in Karnataka and exploring future expansion opportunities. The meeting stressed on Foxconn's ongoing and prospective projects that are expected to significantly boost the state's economic growth, job creation, and technological innovation. The meeting was attended by notable members of the Karnataka delegation, including Deputy Chief Minister D.K. Shivakumar, Minister for Large and Medium Industries and Infrastructure Development MB Patil, Minister for Information Technology and Biotechnology Priyank Kharge, Principal Secretary of the Department of Commerce and Industries Dr. Selvakumar S., and Commissioner for Industrial Development and Director of the Department of Commerce and Industries Gunjan Krishna. Foxconn will establish a major mobile phone assembly plant, known as Project Elephant, in Karnataka. The company has secured 300 acres of land in the ITIR Industrial Area, which spans Doddaballapura and Devanahalli Taluk in Bengaluru Rural District. With an investment of Rs 22,000 crore, this project is expected to generate over 40,000 jobs.

tender process to procure graphic processing units (GPUs) and provide services to users under the India Artificial Intelligence (IndiaAI) Mission, sources told ET. The ministry of electronics and information technology is likely to float the tender to procure 1000 GPUs or equivalent AI compute capacity for now, a source said. The winning bidder will provide services for three years for now, which may be extended on mutually agreeable terms by the government. On July 5, ET had exclusively reported that the IT ministry was likely to allow only Indian companies to run and manage the operations of GPUs to be procured under the Rs 10,372 crore India AI Mission.

Reserve Bank of India (RBI) has approved the appointment of former State Bank of India (SBI) deputy managing director (DMD) Salee Sukumaran Nair for a three year term, the bank in a stock market notice. Nair retired from SBI as DMD and chief credit officer (CCO) as recently as May this year. He takes over from S Krishnan who had resigned in September 2023 just a week after the bank wrongly credited Rs 9,000 crore to a Chennai cab driver. Krishnan was asked to continue till a replacement was found even as there was a lot of too and fro for contenders between the bank and the RBI.

Most banks and NBFC have maintained an LTV ratio of 60-65% despite regulatory requirement of 75% which gave them a cushion when gold prices fell after the import duty was lowered in the budget. “Early evidence of growth momentum is seen in the disbursements for June 2024, which were 12% higher than the average monthly disbursements in the preceding quarter,” said Ajit Velonie, Senior Director, Crisil Ratings.

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Former JPMorgan Chase chief economist Anthony Chan reacts to Kamala Harris saying it will be her Day One priority to bring down prices despite already being in office on Varney & Co.

DLF Ltd.(up 3.6 per cent), Prestige Estates Projects Ltd.(up 1.78 per cent), Macrotech Developers Ltd.(up 1.62 per cent), Sunteck Realty Ltd.(up 1.61 per cent) and Sobha Ltd.(up 1.5 per cent) were among the top gainers.

Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates

Optiemus Infracom is looking to raise around Rs400 crore to expand its manufacturing business and enhance its brand image ahead of a planned foray into making and selling screen protectors and mobile phone cover glass under a licence from US-based Corning. The company, in a stock exchange filing, said the fund-raise will be done through preferential allotment of 75 lakh convertible warrants, convertible in one or more tranches into equity shares of RS 10 each, within 18 months into equity shares. The funds are going to be used in expanding the company's manufacturing business and for marketing spends. The company is planning to expand its manufacturing business to make laptops and notebooks under the IT hardware production-linked incentive scheme, according to industry executives who are aware of the matter. It is currently in talks with a global brand and is expected to start manufacturing for them in the next 3-6 months.

In the aftermath of the SEC’s landmark enforcement that hit just over two dozen firms over recordkeeping shortfalls, a compliance advisory firm says one particular case stands out as a potential warning sign for investment advisors at large.