Electronic Financial News

investment in agricultural infrastructure, easing loan terms, and implementing employee-centric production-linked incentive schemes were some of the key suggestions made by stakeholders from the agricultural sector and Micro, Small, and Medium Enterprises (MSMEs) as part of the pre-budget consultations with finance minister Nirmala Sitharaman on Friday. The Agriculture Industry sought a new agriculture policy with focus on investment on Agriculture infrastructure, rationalisation of subsidy, increased investment in allied agri based food processing Industry and a substantial hike in allocation for agriculture research and innovation. The stakeholders asked to boost farm exports and create district hubs to support agriculture exports, sought launch of national Goat and Sheep Mission and increased the budget allocation for the Agricultural and Processed Food Products Export Development Authority (APEDA) to ₹800 crore from ₹80 crore. «All the stakeholders unanimously sought rationalisation of fertilizer subsidy and using the direct benefit transfer route to plug any leakage,» said a person aware of the meeting proceedings. They also asked the government to revise the retail price of urea, which has remained unchanged since 2018, and to incentivise the use of bio-fertilisers and foliar fertilisers.

partisan politics, want courageous leaders who are willing to take tough decisions and want to elect leaders who focus on effective governance. This is the crux of a poll that was conducted by Emerson College in the month of May. It was commissioned by The Common Good which is a non-partisan and a pro-democracy organization. The survey highlighted the voter’s frustration with the current political situation in the country. This has been reported by The Hill. The survey contains the responses of 1000 registered voters on various issues of national importance.

Mint on condition of anonymity that while the company does intend to come up with a framework, discussions on the matter are currently ongoing, and as of now, there is no “specific timeline" to when might these apps be allowed to operate again.Since the introduction of Google’s pilot programme, fantasy and rummy apps by India’s largest online gaming firms by revenue—Sporta Technologies (Dream11), Gameskraft and Games24x7—were all listed on Play Store. At the time of publishing, apps that remained listed and live on the Store include Dream11, RummyCulture, RummyCircle and My11Circle, among others.Dream11 and Games24x7 declined to comment on the matter.Google’s decision to withdraw its pilot comes as the Centre’s proposed plan to establish self-regulatory bodies (SRBs) to certify permissible apps failed to materialize.

Signify, the global leader in lighting, today unveiled 'NatureConnect', a groundbreaking product designed to bring the benefits of natural light indoors, enhancing the well-being of its users. NatureConnect follows biophilic design principles, imitating the natural sunlight cycle to boost circadian rhythm, mood, focus, and sleep quality. Citing research that people spend 90% of their overall time indoors, the Eindhoven headquartered company says NatureConnect addresses this need by utilizing elements of nature in interior spaces to create healthy, engaging, and inspiring environments with a proven biophilic design principle.

Flipkart's established supply chain network, with a focus on delivering electronics, groceries, and other essential items swiftly. Despite the lack of an official announcement from the company, the buzz around Flipkart Minutes signifies a renewed attempt following two prior, less successful efforts in quick commerce.Previously, Flipkart's attempt with 'Flipkart Quick,' which promised 90-minute delivery, failed to gain the expected traction.

quick commerce companies to poach these executives from one another, signalling a likely rise in the executives' wages. Gig workers are getting poached by staffing firms, and larger companies are in turn hunting them out to bring them onto their payrolls. All this is resulting in high attrition.

Apple unveiled ‘Apple Intelligence’—a suite of features that bring generative AI to iPhones, iPads and Macs. As a user, you can transcribe recorded calls, generate emails and summarize notes, erase objects from images, create illustrations and animations at will, and make emoticons. In September last year, Google had already unveiled similar features, which also include live transcription of audio recordings.

Election Commission has received eight applications from aggrieved candidates, including those from the BJP and the Congress, for verification of tampering or modification in micro-controller chips embedded in the EVMs post declaration of Lok Sabha election results on June 4. Terming the suspicion of manipulation of the electronic voting machines «unfounded», the Supreme Court had on April 26 rejected the demand for reverting to the old paper ballot system. But at the same time, the top court had opened a window for the aggrieved unsuccessful candidates securing second and third places in the poll results and allowed them to seek verification of micro-controller chips embedded in five per cent EVMs per assembly constituency on a written request upon the payment of a fee to the poll panel. BJP's Ahmednagar (Maharashtra) candidate Sujay Vikhe-Patil has sought verification of the machines from 40 polling stations.

Cyient DLM, which hit the Indian secondary market on July 2023, have been maintaining a steady upward trend, rewarding their shareholders handsomely. During this period, the shares have jumped from ₹265 (IPO price) apiece to the current level of ₹751, translating into a gain of 183%.

FSN E-Commerce Ventures (Nykaa) with a target price of ₹220, implying an almost 28 percent upside. Jefferies has projected that Nykaa could achieve a compound annual growth rate (CAGR) of approximately 20 percent between FY24 and FY27.In its bull case scenario, growth could reach 25 percent, while in the bear case, it may dip to 15 percent over the same period, said the brokerage.Furthermore, the brokerage sees Nykaa's target price at ₹250 (45 percent upside) in the bull case scenario and at ₹130 (24.5 percent downside) in the bear case scenario."Nykaa has been able to carve out a niche for itself through its focus on BPC, which differentiates it from horizontals (Flipkart and Amazon).

FIU) has imposed a fine of 188.2 million rupees ($2.25 million) on the world's largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules.

Nifty to 25,683. InCred also came out with a list of 19 high-conviction stock ideas, including HDFC Bank, M&M Finance. “Factoring in favourable macroeconomic tailwinds led to an upgrade in our blended Nifty-50 target to 25,683 (from 24,084 earlier). The preference for largecaps remains. We have added defensive stocks to our high-conviction ideas list and removed policy-risk stocks in the defence sector,” said a report by InCred Equities.

digital lending platform Supermoney has raised $3.4 million (Rs 28.6 crore) in a funding round led by Capital 2B and Capria Ventures. The funds will be used to expand the company’s loan disbursement activities and improve operational efficiencies by leveraging technology.

Hindustan Aeronautics (HAL) on Wednesday announced that it will be considering the payment of the final dividend for the financial year 2023-24 in its board meeting that will be held on June 26. “This is to inform that the Board of Directors of the Company in its meeting scheduled to be held on Wednesday, the 26th June, 2024 will consider, inter-alia, the recommendation of final dividend for the financial year 2023-24,” said HAL in a filing to the exchanges.

government is likely to review the progress of the Rs 10,372-crore India AI Mission this week to thrash out the various details of the ambitious programme, a senior government official told ET. The meeting will focus on aspects such as the quantum of the viability gap funding necessary to set up enough compute infrastructure in the country, how AI (artificial intelligence) skill gap can be covered, and the implementation of the IndiaAI Datasets Platform planned to be set up under the scheme, the official said.

to impose anti-dumping duty on printed circuit boards (PCBs) imported from China and Hong Kong. PCBs form the base of the many integrated circuits that control electronic functions in modern automobiles.

BlackRock chief investment officer of global fixed income Rick Rieder shares his playbook for stock investors and breaks down the impact of high rates on inflation on 'Barron's Roundtable.'

Minda Corporation as its 'top pick of the week'. This is on the back of its reasonable valuations, strong EV (electric vehicle) order wins, and EBITDA margin improvement.The brokerage has a ‘buy’ call on the stock with a target price of ₹502, implying a potential upside of 10 percent.Minda Corporation is one of India's leading manufacturers of automotive components, including Electronic & Mechanical Security Systems, Die Casting, Key Solutions, Telematics, ITS & IoT, Wiring Harnesses, SRCs, Components, Instrument Clusters, Sensors, and Interior Plastics.

Japan's Nikkei share average rebounded and gained 1% on Tuesday, as investors bought back stocks following the index's sharp loss in the previous session. The Nikkei was up 1.05% to 38,504.11 by the midday break. The index ended 1.8% lower on Monday, slipping below the psychologically key 38,000 level for the first time this month.

semiconductors and critical minerals during the meeting of the India-US initiative on Critical and Emerging Technology (iCET), led by Indian National Security Adviser Ajit Doval and his US counterpart Jake Sullivan in New Delhi. India and the US Monday launched a new strategic semiconductors partnership to co-develop semiconductor design and manufacturing processes for precision-guided ammunition. «Launching a new strategic semiconductor partnership between General Atomics and 3rdiTech to co-develop semiconductor design and manufacturing for precision-guided ammunition and other national security-focused electronics platforms,» read the fact sheet issued by the US and India.

smartphone at your doorstep, on-demand, in 10 minutes may not be far cry now. The likes of Swiggy Instamart, Zomato’s Blinkit, BigBasket’s BBNow and Zepto plan to expand their quick commerce services to electronic products and white goods categories by Diwali, delivering within 10-45 minutes, said industry executives. Brands are open to partnerships with these platforms, encouraged by the success of the model in fast-moving consumer goods (FMCG), they said. It’s a huge opportunity in the kitchen and small appliances segment, apart from handsets, television sets and microwave ovens, where ecommerce accounts for 35-45% of sales, according to the executives. BigBasket chief executive Hari Menon told ET that it will deliver most electronics products within 15 minutes, and large appliances such as refrigerators, air-conditioners and washing machines within 30-45 minutes. He said BigBasket will also sell smartphones through quick commerce, for which it is tying up with Tata electronics retail chain Croma.