Electronic Financial News

The quantum of loss in FY22 was Rs 80.33 crore, it was Rs 50.10 crore in FY21 and Rs 44.22 crore in FY20. Chaudhary further said to help customers recover the loss on account of fraudulent transactions, the RBI has issued instructions to banks on limiting the liability of customers in cases of unauthorised electronic banking transactions.

Prime Minister Narendra Modi called for the creation of an “investment-friendly charter’ during the ninth Governing Council Meeting of the Niti Aayog on 27 July. This charter will outline policies, programmes and processes to attract more investments. Despite India’s potential, foreign direct investment (FDI) data shows that the country has not fully capitalized on its opportunities.

CBI has registered an FIR into a major racket of making Aadhaar cards allegedly using forged documents and fingerprints for Rs 25,000 in Rajasthan, officials said, adding that three persons have been booked. In some cases, fingerprints and retina scans of school kids, even toe prints were used to make the Aadhaar cards, they said. The matter came to light through a news report after a complaint was filed with police by a programmer in the department of information technology and communication, Manohar Lal, in Sanchore, they said.

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Tata Electronics is set to have the Bhoomi Poojan function for its first chip assembly and testing unit at Jagi Road, Assam on Saturday. The event, which is likely to take place at 10:30 am is expected to be attended by Assam CM Himanta Biswa Sarma and Tata Sons Chairman N Chandrasekaran. The Union Cabinet had in February approved proposals of three semiconductor plants, out of which two were in Gujarat and one in Assam, for an estimated cost of Rs 1.26 lakh crore.

Consumer durables makers in India are locked in a warranty war. Brands such as LG, Samsung, Haier, Godrej, Voltas Beko and Panasonic are competing to offer the best protection for refrigerators, air-conditioners, microwave ovens and washing machines. Consumers, mostly those above the age of 35, are readily taking up these offers, potentially boosting sales, say retailers. Brands are offering warranties of up to 10 years on the main component, such as the compressor of an AC or refrigerator, and up to 20 years on the motor of a washing machine or dishwasher, even referring to them as 'lifetime' assurance.

Japan's benchmark Nikkei 225 index has dropped nearly 6% after a broad retreat on Wall Street

IT hardware industry has sought clarity around applicability of manufacturing quotas, including criteria and import quantities of products like laptops and tablets that may be allowed under the new import authorisation mechanism, that is set to come into force from October 1 this year. The clarifications were sought in a recent meeting with the Ministry of Electronics and IT (Meity) officials. Companies such as Dell, HP, Foxconn, Acer, Asus, Flex and Dixon technologies are among the major IT hardware manufacturers in India. «The industry players wanted to understand what will happen after October 1, when the new system kicks-in. They need clarity so that they can plan accordingly. We have taken their questions and will revert soon,» an official told ET.

electronics industry to share production statistics for policy formulation, a Meity official said on Friday. The government has been sharing electronics production data in the country based on estimates of industry bodies, especially the India Electronics and Cellular Association. «We don't have any kinds of production data. That's very important. When we formulate policy, we need to know how much we are producing and what we are producing. So that we actually know the exact figure. We have DGIS, where we can get import data and export data. Industry has to support the government by sharing the data,» Meity Scientists G and Group Coordinator Asha Nangia said. She was speaking at an event organised by CII in collaboration with ICEA on Building a Resilient Supply Chain for Electronics and Semiconductor Industry.

Asian stocks tumbled as sentiment was hit by a triple whammy of a Japan selloff, a global tech rout and weakness in the US economy. The MSCI Asia Pacific Index dropped as much as 2.8%, the most since June 2022, with Taiwan Semiconductor Manufacturing Co. and Tokyo Electron Ltd. among the biggest drags. Japan’s Topix Index headed for a technical correction, while benchmarks in the tech-heavy markets of South Korea and Taiwan fell about 3%.

₹49.92 lakh. This re-entry marks the vehicle's return after nearly ten years.

National Institute of Technology, Rourkela has secured an average pay packet of Rs 12.89 lakh per annum (lpa), with students of its flagship B Tech programme bagging an average salary of Rs 14.05 lpa.

Economic Survey dropped a political clanger by arguing that getting FDI from China could help India improve its participation in global supply chains through exports. The strategy document notes that many companies have adopted a 'China+1' strategy to reduce reliance on Beijing for advanced electronic items and components. While India may not be an immediate 'beneficiary' of this approach to diversify manufacturing away from China, GoI's PLI scheme, taxation holidays and subsidies have significantly attracted companies to invest in India.

The owners of twelve Pennsylvania casinos are asking the state’s highest court to declare that a tax on slot machine revenue is unconstitutional because the state doesn’t impose it broadly on cash-paying electronic game terminals known as skill games t...

P Chidambaram said the entire exercise of enacting the new criminal laws was wasteful and 95 percent of the criminal procedure has been copied and pasted.

Ecommerce sales grew 19% in value terms during the one-week period of mid-year sales between July 19 and July 25, compared to the July 14 to July 20 sale period last year, ecommerce enablement firm Unicommerce said.

₹4,970 crore, albeit on a high base. For FY25, the order inflow guidance stands at ₹25,000 crore. Some of the orders expected to come in FY25 include ADFCR Atulya, an electronic warfare suite for Mi-17 V-5 helicopters, a security and surveillance system for the Army and mountain radars, among others.

Samsung Electronics Co. has reported a 15-fold increase in its operating profit for the second quarter this year

Nothing Phone (2a) Plus is powered by the MediaTek Dimensity 7350 Pro 5G SoC, featuring an octa-core 4nm chipset paired with a Mali-G610 MC4 GPU. Users can choose between 8GB and 12GB of RAM configurations, with storage options capped at 256GB.One of the standout features of this handset is its dual 50MP rear cameras.

Global stocks have advanced and oil prices jumped more than $2 a barrel after Hamas’s top political leader Ismail Haniyeh died in an air strike

Kamala Harris is the only White House hopeful who has qualified to compete for the Democratic presidential nomination, the Democratic National Committee said in a statement on Tuesday.