Electronic Financial News

Defence stocks like Hindustan Aeronautics, Bharat Dynamics, Bharat Electronics and others are in focus after the government granted an extension in the exemption of customs duty on the imports of certain parts. Initially set to expire on July 1, 2024, the exemption has now been extended for five years, until 2029. So how does it impact the stocks? 

In less than one year, India’s solar-cell manufacturing capacity will increase to 30 gigawatts from 6. These cells go into solar photovoltaic modules, whose capacity will also double to 150 gigawatts in two years. This will not only meet domestic demand but might also make India an exporter.

compliance burden for insolvency professionals, and enhance the effectiveness of the liquidation process, the IBBI has launched a set of electronic forms under the Insolvency and Bankruptcy Code. These forms are crucial for the liquidation process under the Insolvency and Bankruptcy Code (IBC), as they facilitate systematic and transparent record-keeping and seamless reporting, the insolvency regulator said. The new circular, issued by the Insolvency and Bankruptcy Board of India (IBBI) on June 28, introduces forms LIQ 1 to LIQ 4, covering different stages of the liquidation process. Presently, the IPs submit the details regarding the liquidation process, to the board through emails, which is time-consuming and inefficient, the IBBI said in the circular. LIQ 1 includes details from the commencement of liquidation to the public announcement. Further, LIQ 2 captures information from the public announcement to the progress report, including valuation, sale, and receipts. LIQ 3 focuses on the period from the last progress report to the application for dissolution, while LIQ 4 deals with the distribution of proceeds and other final details post-dissolution order.

international airport in Hosur promises significant benefits for Bengaluru’s IT corridor, Electronics City, and nearby areas close to the Tamil Nadu border. The commute from Electronics City to Kempegowda International Airport (KIA), located over 60 kilometers away, is challenging at times due to increasing traffic congestion and the lack of a robust mass transit system. Industrialists in Hosur have long advocated for an airport to boost the region's growth.

wedding industry size of approximately Rs 10 lakh crore (USD 130 billion) is second only to food and grocery, with an average Indian spending twice on marriage ceremony than education, a report said. India sees 80 lakh to 1 crore weddings annually compared to 70-80 lakh in China and 20-25 lakh in the US. «The Indian wedding industry is nearly double the size of the industry in the US (USD 70 billion), albeit smaller than China (USD 170 billion),» brokerage Jefferies said in a report.

Concorde, a Bengaluru-based real estate developer has acquired a 1.6-acre land parcel located on Sarjapur Road, Bengaluru. Set to be a premium residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore. In March, Concorde acquired a 4.5 acre land in Thanisandra, Bengaluru. The strategic acquisition was facilitated by real estate consulting firm, Colliers India, and marks a significant milestone for Concorde as it continues to expand its footprint in the city.

Bharat Electronics Limited (BEL) has signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam Limited (AVNL) on Friday at AVNL Headquarters in Chennai. According to an official statement, BEL, which is headquartered in Bengaluru, stated the project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K tanks of the Indian Army, along with a comprehensive engineering support package.

Amazon Prime Day 2024 will be held on July 16 and 17 when steep discounts on home goods, electronics, kitchen tools and appliances, will be offered. But before that, the retail giant has offered discounts on almost all items from AirPods to air fryers, baby clothes to beauty products, and Waterpiks to Vitamix. The company has put together a list of the best early Prime Day deals on brands like Apple, Ninja, KitchenAid, and many more, reports the 'New York Post.'

criminal laws, which will come into force on that day, official sources said. The new laws — Bharatiya Nyaya Sanhita 2023, Bharatiya Nagarik Suraksha Sanhita 2023 and Bharatiya Sakshya Adhiniyam 2023 — will come into effect from July 1. These laws are set to replace the British-era Indian Penal Code, Code of Criminal Procedure and the Indian Evidence Act respectively. Sources said coinciding with commencement of these three criminal laws, an event will be held on July 1 by the officer-in-charge of each police station in all states and Union Territories highlighting the key features of the new criminal laws. The programme at the police station or a suitable place will involve women, youth, students, senior citizens, retired police officers, eminent personalities and members of self-help groups, anganwadi centres and local peace committee and also educational institutions like schools, colleges etc, they said.

Question: Since the concessional tax regime u/s 115BAC of the I-T Act has now been made the default tax regime for individual taxpayers, kindly guide us on switching between the tax regimes.

Avantel, a telecom product manufacturing company, has witnessed a sustained spike in its shares over an extended period, resulting in substantial returns for investors. After a prolonged period of stagnation, the stock gained momentum in March 2023 and has since maintained a steady upward trajectory.During this period, its share price has surged from ₹26 apiece to the current market price of ₹170, marking a significant gain of 554%.

CID) probing charges against former Karnataka Chief minister B S Yediyurappa of sexually assaulting a minor girl, has alleged in the chargesheet that the BJP leader and three other accused paid money to the alleged victim and her mother to buy their silence. The 81-year-old Yediyurappa has been charged under Section 8 (punishment for sexual assault) of the Protection of Children from Sexual Offences (POCSO) Act and Sections 354A (sexual harassment), 204 (destruction of document or electronic record to prevent its production as evidence) and 214 (offering gift or restoration of property in consideration of screening offender) of the Indian Penal Code (IPC). The other three co-accused — Arun Y M, Rudresh M and G Mariswamy who are aides of Yediyurappa — are charged under IPC Sections 204 and 214, in the chargesheet filed at the Fast Track Court 1 for POCSO Act cases here on Thursday. According to the chargesheet, on February 2 this year, at around 11.15 am, the 17-year-old alleged victim, along with her 54-year-old mother — the complainant — visited Yediyurappa at his residence in Dollar's Colony here seeking help in getting justice in a previous case of sexual assault (on the daughter) and other issues.

Taiwanese at a villa in Bali over alleged cyber fraud, authorities said Friday. The proliferation of cyber fraud groups in Southeast Asia has become a growing concern in recent years, and authorities in countries including China, Indonesia and Malaysia have stepped up efforts to stop them.

semiconductor design company Synopsys will help Tata Electronics ramp up designing of custom semiconductor products, help in factory automation, data analytics, computer-aided design and supply product design kits, and develop intellectual property for chip fabrication, chief executive Sassine Ghazi told ET. Ghazi met Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He also held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.

Sebi on Thursday decided to streamline the process for public issuance of debt securities to provide faster access to funds for such issuers. Under this, the Sebi's board has decided to reduce the period for seeking public comments on the draft offer documents from 7 working days to 1 day for issuers whose specified securities are already listed and 5 days for other issuers. Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.

Lynas Rare Earths plans to separate two heavy rare earths used in electric vehicles and electronic gadgets at its plant in Malaysia, a step that could help to loosen China’s grip on markets for the critical materials. The Australia-listed company has designed a new process that will for the first time produce separated dysprosium and terbium at the plant, from which it ships rare-earth materials to customers in the U.S., Europe and East Asia. China essentially refines all the world’s heavy rare earths today.

Mumbai Metro 3 project by the end of December 2024. The first phase of Mumbai Metro 3, will run between SEEPZ (Santacruz Electronics Export Processing Zone) and Bandra Kurla Complex. The project will be completed by the end of December 2024 which was initially scheduled to be completed by September 2024. In the Cabinet meeting presided over by Maharashtra's Chief Minister Eknath Shinde on Wednesday, gave its nod to give state government's share of Rs 1,163 crore directly to the Mumbai Metro Rail Corporation, instead of the Mumbai Metropolitan Region Development Authority (MMRDA).

While a final decision on issuing a digital euro has yet to be made, the ECB last year moved onto a two year preparation phase ahead of any launch, which would come in 2026 at the earliest. In an article published in a host of publications, executive board member Piero Cipollone makes the case for a digital euro, noting that "we do not yet have a cash equivalent for making digital payments, which limits our freedom in an increasingly digital age". Currently, writes Cipollone, Europeans are reliant on electronic payment options from outside the continent, with US giants Visa and Mastercard dominating the card market. "A digital euro would combine the convenience of digital payments with cash-like features," writes Cipollone, adding that it could be used in shops, for e-commerce, P2P payments and offline. He continues: "The digital euro would make it easier for euro area firms to offer pan-European digital payment solutions. This would strengthen competition in a market currently dominated by a few non-European players, thereby lowering costs for merchants and consumers." Other benefits, claims the ECB man, include greater privacy than commercial payment options and financial inclusion, with no one left behind. "More than just a payment option, a digital euro would bring Europeans closer in an increasingly digital and unstable world.

The city of Detroit is taking steps to ban gas stations from locking people inside the store

BLDC fans versus normal fans: Central difference Before we get into the details, let's first understand what fans do. Fans work by using a motor to spin blades, creating airflow that circulate air, providing cooling and ventilation.

Stock market today: MIC Electronics shares, a prominent multibagger stock, have shown significant growth in the Indian stock market. The small-cap stock with a market cap of ₹1,651 crore has risen from around ₹23.25 to ₹74.60 per share in one year, recording over 220 percent rally in this period.