Electronic Financial News

Japanese stocks dropped and government bond yields rose ahead of a potentially market-moving decision from the nation’s central bank, the highlight of an event-packed day in Asia. Equity benchmarks dropped more than 1% in Japan. Those in South Korea climbed, buoyed by gains in Samsung Electronics Co. after the chipmaker reported its fastest pace of profit growth since 2010. Contracts for Hong Kong were little changed.

DLF, Bata India, and Sundaram Finance among 16 companies will likely remain in focus today as they had declared July 31 as the record date to determine the eligible shareholders for the dividend payment. This means that today is the last day to buy the shares of these companies to be able to qualify for the dividends announced.

government has finalised the draft of the rules proposed to be enacted under the Digital Personal Data Protection (DPDP) Act 2023 and hopes to release them for public consultation in the second or third week of August, sources told ET. The rules are expected to be notified after the current session of the Parliament concludes, sources added.

Samajwadi Party leader Ramgopal Yadav on Monday demanded in the Rajya Sabha that the government revert to the traditional subject-based question paper format for UPSC examinations. Speaking during the Zero Hour in the Upper House, Yadav said it is a «serious issue» and argued that the purpose of education is the overall development of an individual.

₹1,457 crore and involved 29,082 transactions, higher than both FY22 and FY23, as per the RBI’s annual report. Experts said mule accounts are used by scamsters for digital frauds that involve transferring money out of the victim’s bank account into a chain of accounts, making it harder to trace such funds. Typically, the mule accounts involve up to 15 accounts in a distribution chain, and this entire chain is kept ready at any point—with scammers tasked with live-tracing which accounts are operational, and which are not.

WTO's dispute settlement body has accepted a request from India and Chinese Taipei not to adopt the ruling against New Delhi's import duties on certain information and technology products till October-end, as both sides are engaged in resolving the matter mutually, an official said. The issue came up during a meeting of the dispute settlement body (DSB) in Geneva on July 26.

ICICI Bank on Saturday reported that its June quarter standalone profit after tax grew by 14.6% year-on-year (YoY) to Rs 11,059 crore while the net interest income (NII) rose 7.3% YoY to Rs 19,553 crore. The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and 4.78% in Q1 of FY24. NII was in line with ET Now poll estimates while PAT was above expectations.

companies have fixed their record dates this week for the purpose of determining the eligible shareholders for the payout of their dividends. Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta, Oberoi Realty, Sundaram Finance etc.

India and the government's budget boost for factory jobs might just be the catalyst to turn a swell into a wave.

benefits of production-linked incentive (PLI) schemes in textiles, food processing and pharmaceuticals to more products in these sectors, said people with knowledge of the matter. “There are two-three sectors where expansion of products in PLI is proposed which is at the cabinet level. More products are proposed to be added in sectors such as textiles,” said an official.

leasing activity in H1 2024 and 17% y-o-y growth, as mentioned by Colliers in its latest report.

Bharat Electronics Ltd. gained 2.12 per cent to Rs 307.7 at 10:56AM (IST) in Friday's trade. The scrip has hit a high of Rs 309.7 and low of Rs 302.35 so far during the session. The stock had closed at Rs 301.3 in the previous session. The counter has had a total traded volume of 502521 shares so far with a value of Rs 15.39 crore on the NSE. It traded at a price-to-earnings multiple of 56.36 and a price-to-book ratio of 9.02.

SEOUL—Inside the cavernous factories of Samsung Electronics, rows of white machines pump out memory chips around the clock, with help from just a few workers. Until this month, Kim Jae-won was one of them. Now he is on an indefinite strike with thousands of colleagues in South Korea.

DPIIT) will suggest the finance ministry to correct duty inversion in some electronics and leather goods in the upcoming customs duty review and is also looking at suggestions on a crackdown on tobacco firms' proxy ads, DPIIT secretary Rajesh Kumar Singh said. In an interview, he also told ET that the government has instruments such as Quality Control Orders (QCO) and import tariffs to trigger investment decisions. Edited excerpts:

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Privacy Commissioner of Canada has opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts.The office has received several such complaints, spokesman Vito Pilieci said in an email Tuesday.He said the office can’t comment further due to the active investigation.Loblaw spokeswoman Catherine Thomas said in an email Tuesday that the company has processes to respond to account deletion requests in a timely manner, and that it will fully co-operate with the privacy commissioner’s office.In an email to one complainant viewed by The Canadian Press, an investigator for the commissioner’s office said they have received “a high number of complaints” regarding attempts to cancel PC Optimum accounts.Several complainants allege they have tried several times to delete their accounts, and that Loblaw has been unresponsive to their queries, the investigator wrote.Loblaw did not respond to a request for comment Wednesday regarding the specifics in the email.The PC Optimum loyalty program has more than 16 million active users, according to Loblaw’s 2023 annual report.The Office of the Privacy Commissioner oversees compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA) as well as the Privacy Act.According to their website, PIPEDA “sets the ground rules for how private-sector organizations collect, use, and disclose personal information in the course of for-profit, commercial activities across Canada.”Personal information under PIPEDA includes details such as a person’s name, age, income or ID number.

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Asian shares have dropped morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point, as pessimism set in over the Wall Street nose-dive

₹18,100 crore production-linked incentive (PLI) scheme for advanced chemistry cells (ACC) is nearly exhausted. Early gainers may include companies already approved under the ACC PLI such as Ola Electric Mobility, Reliance New Energy and Rajesh Exports.

investment with the government extending the custom duty exemption or concession in the Budget on several key components used in manufacturing of televisions, microwave ovens, LED lights, CCTV cameras, washing machines and fans till March 2026. Most of these concessions were to expire after September 30.

PLI scheme for large scale electronics manufacturing have cumulatively invested Rs 8,282 crore till June 2024, Parliament was informed on Wednesday. Minister of State for Electronics and IT Jitin Prasada in a written reply to Lok Sabha said that a total of 32 companies were approved with committed investment of Rs 11,324 crore and a projected production target of Rs 10.7 lakh crore under the PLI (Production Linked Incentive) scheme for Large Scale Electronics Manufacturing.