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superconductivity that promises zero resistance to electricity at room temperature continues to be the 'holy grail' of material science. It can be achieved technically by moving electrons as efficiently as possible. This is called improving electron mobility. The scientists at Massachusetts Institute of Technology (MIT) have made a breakthrough in the field but in a different way. They have increased the electron mobility or reduced the resistance to electricity by creating a thin film atom by atom using molecular beam epitaxy to lower the material’s number of impurities and defects.

Premarket trading was mixed on Wall Street Thursday, one day after the technology sector took a drubbing on worries over potentially worsening trade tensions with China

Bharat Electronics Ltd. rose 3.23 per cent to Rs 315.8 in Thursday's trade. It hit an intraday high of Rs 326.75 and low of Rs 312.25, respectively, during the day. The stock quoted a 52-week high price of Rs 340.35 and low of Rs 123.55.

Mint, a spokesperson for Aegis Logistics, said, “Aegis Vopak Terminals Ltd (AVTL) is exploring options to fund future growth for AVTL. These options may include, among others, a potential fund raise by way of public issue, preferential issue, or a combination thereof, of the equity shares and debt for the JV company and as may be decided by the AVTL board in absolute discretion and permitted under applicable laws and regulations." The spokesperson added that the company has not yet made a final decision regarding the IPO, and it is still exploring its future funding options.

Mint. “Growth in the traditional basket of exports (comprising agriculture and allied products, gems and jewellery, and textiles) declined on the other hand." Also read | India's electronics, pharma, engineering goods exports beat global trade blues Exports of electronic goods, which primarily involve their final assembly, surged nearly fivefold in value terms to $29 billion in 2023-24 from the level seen in 2017-18, show data available with India’s commerce ministry. Exports of engineering goods increased from $78.65 billion in value terms in FY18 to $109.22 billion in FY24, while that of drugs and pharmaceutical products climbed from $17.27 billion to $27.82 billion in that period.

₹1 trillion government fund to support companies in promising segments struggling for capital. Setting up the fund for deeptech companies, first proposed in the interim budget in February, is part of the government's to-do list for the first 100 days in power.

Union home secretary, the person said. Proposals under Press Note 3 will be expedited only when certain conditions are met. First, the Indian company has to make a case that the technology required and investment proposed is critical for developing the local manufacturing supply chain in areas such as hi-tech components. Second, the management and board of the investee company should not have any Chinese nationals in key roles such as MD/CEO and finance chief, and the Chinese partner can only have a minority stake in any partnership. These conditions will apply to Chinese joint ventures with Indian entities and even with foreign firms operating in India, according to four industry executives. The government plans underscore acknowledgment in industry circles that current Press Note 3 approvals are taking much longer time even where the Chinese has a minority, non-controlling and non-strategic stake, impacting investor sentiments, decisions and investment flows into India. The ministry of commerce and industry, through which Press Note 3 applications are processed, didn't respond to ET's queries.

semiconductor technology, Bloomberg News reported on Tuesday. These measures would be applied to companies such as Tokyo Electron and ASML Holding NV, the report added, citing people familiar with the discussions.

defence ministry is set to clear a mega ₹70,000 crore order for new warships for the Indian Navy. The stealth frigates will be the most advanced ships to be built in India and are a follow-on of the Nilgiri class that are currently under construction. Sources said that state-run yards — Mazagon Dockyards Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE) — are the frontrunners for the order that is classified as Project 17B. The two yards are currently constructing frigates under Project 17A (Nilgiri class). MDL is making four of the frigates while GRSE is executing an order for three. While details will emerge after the defence ministry clears the project, there is a possibility that it could be split between the two yards, as was the case for Project 17A. A split order helps shorten delivery timelines for the Navy.

Off-channel communications have topped investment advisors’ list of ongoing compliance concerns, dethroning the SEC’s Marketing Rule, according to new survey report.

Amazon Prime Day has finally kicked off on July 16 and will be a two-day mega sale for all those shopping lovers who were simply waiting for it to begin. Now is the perfect opportunity to fill up your Amazon shopping carts to the brim and just hit the purchase button while the sales last. There are some superb deals and discounts on a plethora of products and brands, with various privileges for Amazon Prime subscribers.

Countries that adopted such a trajectory have manufacturing’s share at 20%+ of their gross domestic product. Despite the reforms and initiatives, India’s manufacturing ecosystem continues to face challenges on key investment criteria on account of low labour productivity, high logistics and power costs, and limited innovation.

Fraud Risk Management in commercial banks including regional rural banks and all India financial institutions. The RBI said in a circular dated July 16, 2024, “These master directions have been prepared based on a comprehensive review of the earlier Master Directions, circular and emerging issues. These Master Directions are principle-based and strengthen the role of the Board in overall governance and oversight of fraud risk management in the Regulated Entities (REs).” The Reserve Bank of India issued three revised Master Directions on Fraud Risk Management for the Regulated Entities, namely for:

Japan's Nikkei share average rose on Tuesday, tracking gains in Wall Street, as investors assessed whether an assassination attempt on U.S. presidential candidate Donald Trump increased his chances of winning the November elections. The Nikkei closed 0.2% higher at 41,275.08, and the broader Topix finished up 0.34% at 2,904.5.

HDFC Defence Fund, the only active mutual fund focused on the defense sector, has doubled investors' money in just nine months, delivering a return of 102.26% during this period. The scheme yielded approximately a 38.87% return in the last three months and about 55.16% in the last six months. Over the past year, the scheme has delivered a return of 130.44%. If an investor had started a monthly SIP of Rs 10,000 since the inception of the fund, the investment would now be valued at Rs 2.28 lakh, achieving an XIRR (Extended Internal Rate of Return) of 147.90%. The total amount invested would have been Rs 1.30 lakh. (Source: ACE MF)

Budget 2024, the spotlight is firmly on the Production-Linked Incentive (PLI) schemes, which have been instrumental in revitalizing the manufacturing sector and strengthening supply chains. The government's proactive steps in enhancing these schemes signal a commitment to bolstering India's economic growth, increasing employment, and positioning Indian industries on the global stage. In a significant move, the Indian government has hiked the allocation for the PLI scheme to ₹6,200 crore during the interim budget for FY25, marking a 33% increase from the previous year’s estimate of ₹4,645 crore. This substantial boost underscores the government's dedication to supporting manufacturing and supply chains across the 14 sectors currently covered, which include mobile phones, pharmaceuticals, automobiles, and electronic products.

Amazon India on Monday unveiled the new deals' line-up for this Prime Day, scheduled on July 20 and 21. The shopping event begins at 12 AM on July 20 and continues till 11:59 PM on July 21. Prime members can enjoy discounts on smartphones, consumer electronics, TVs, appliances, fashion & beauty, home & kitchen, furniture, and more. At an event in Delhi on Monday, the company unveiled the products that would be up for sale from some 450 top Indian and global brands such as Intel, Samsung, OnePlus, Honor, HP, Asus, Titan, Hisense, Trident, Acer, Lenovo, American Tourister, Plantex, Oneplus, Ethos Group, Voltas, Fossil, Mokobara, HUL, ITC, P&G, Himalaya and more. It also saw several launches from small and medium businesses. Amazon Pay also said it would launch the fastest hotel and flight booking experience, with access to special prices on all flights and hotels, homestays, villas and more.

mutual funds bought stocks worth Rs 282 billion in the Indian secondary market. Mutual funds always add or exit certain stocks in their portfolio to offer better returns. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in June, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research. The key additions by mutual funds were Indus Tower, HDFC Bank, Mphasis. Meanwhile, the MFs reduced their stake from ICICI Bank, Hindalco, and Bharat Electronics. The new entry in the largecap segment was Hindustan Zinc. Mutual funds made a complete exit from Adani Green. The top additions in the largecap space were HDFC Bank, Infosys, Reliance Industries, ICICI Lombard, and Dr Reddy Laboratories while the top reductions were Hindustan Aeronautics, Bharat Electronics, Tata Motors, State Bank of India, and Sun Pharma Industries.

40 new launches across consumer electronics and accessories from popular brands such as HP, Dell, Lenovo, OnePlus, JBL, boAt, and many more.Additionally, customers can enjoy extra savings on Amazon Pay UPI, Amazon Pay ICICI credit card, and more, including a 10 per cent instant discount on ICICI Bank debit or credit cards and SBI credit cards.Here are some of the new launches across consumer electronics on Amazon.in with great deals from sellers:Prime members can look forward to these exciting new launches and great deals on Amazon India’s Prime Day.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Uber have approached the finance ministry, Goods and Services Tax Council and the Authority for Advance Rulings (AAR) seeking clarity on whether their business was liable to tax or not. The move follows a decision from the Karnataka AAR that held that Bengaluru-based direct-to-driver app Namma Yatri was not liable to pay GST. The AAR, in the case of Juspay Technologies that runs the Namma Yatri mobility platform, relied upon the dictionary meaning of the word «through» and held that the mere act of linking service providers with customers through a digital platform did not constitute a supply of service and thus not liable to tax. Section 9(5) of the Central Goods and Services Tax Act, 2017 specifies that liability of GST on certain services has to be discharged by an electronic commerce operator if the services are supplied 'through" its platform. The Karnataka AAR held that as Namma Yatri was merely connecting the auto driver and passenger and its role ended on such connection, the supply was happening independent of its online application and, accordingly, Section 9(5) did not apply on it.

Aatmanirbhar Bharat initiative, aimed at boosting domestic manufacturing and reducing dependence on imports. Launched in 2020, the PLI scheme seeks to incentivize companies to set up and expand their manufacturing capabilities within India, thereby fostering self-reliance and bolstering the country’s economic resilience. At its core, the PLI scheme provides financial incentives to manufacturers based on their incremental sales from products manufactured in domestic units. These incentives are designed to make Indian products more competitive on a global scale, encourage large-scale manufacturing, and attract investments in critical sectors. The scheme is targeted at sectors where India has the potential to emerge as a global leader, thereby creating significant employment opportunities and boosting exports. To date, the government has rolled out PLI schemes across 14 key sectors, including electronics, pharmaceuticals, textiles, and white goods. The success of these initial schemes has prompted the government to consider expanding the program to other strategic sectors.