Electronic Financial News

Mumbai North West Lok Sabha constituency, a tight contest unfolded between both Shiv Sena factions. Ravindra Waikar of Eknath Sinde's Shiv Sena narrowly defeated Amol Kirtikar of Uddhav Thackeray's Shiv Sena (UBT) by a margin of only 48 votes.Aaditya Thackeray weighed in on the ongoing row over Electronic Voting Machine (EVM) tampering after the Lok Sabha Elections 2024 results were declared.Later, Shiv Sena leader Deepak Kesarkar accused Thackeray of creating confusion and claimed that the Shiv Sena (UBT) is not in a condition to 'face the public' in the Maharashtra Assembly Elections, likely to be held later this year.“Aaditya Thackeray is still very young.

Hyundai Motor India Ltd plans to launch four electric vehicle models in future, including Creta EV, in the last quarter of the current fiscal, according to the company's preliminary IPO papers filed with Sebi. The company is looking to maximise the price competitiveness of its electric vehicle (EV) models and intends to focus on securing local production capabilities for key parts, such as cells, battery packs, power electronics, and drivetrain and building a localised EV supply chain. In the draft red herring prospectus (DRHP), Hyundai Motor India Ltd (HMIL) said it seeks to calibrate its EV strategy and plan EV timelines in line with market demands in India by launching the appropriate EV models within each price segment. «We are following a transition strategy, having started with the launch of high-end premium EVs and plan to transition towards the mass markets as the EV market and ecosystem scales up in India. In line with the same, we aim to launch four EV models in future, including Creta EV in the last quarter of fiscal 2025,» the company said.

EVMs, Congress leader Rahul Gandhi on Monday asked the Election Commission to ensure complete transparency of the machines and processes or abolish them. The demand came a day after the Congress leader had alleged that the electronic voting machine is a «black box» and nobody is allowed to scrutinise them while further alleging that serious concerns are being raised about transparency in our electoral process. «When democratic institutions are captured, the only safeguard lies in electoral processes that are transparent to the public,» Gandhi said in a post on X. «EVM is currently a black box. EC must either ensure complete transparency of the machines and processes or abolish them,» the former Congress president also said.

defence firms. Some 36% of exports came from missile, rocket and air defence systems, followed by radar and electronic warfare, weapon stations and launchers at 11% each, with crewed aircraft and avionics at 9%, the Defence Ministry said.

Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in local unit, has raised concerns about the «frequent changes» in government policy, stating that such moves can impact both investment flows into India and the speed of technological advancements. Having invested nearly Rs 30,000 crore in India since starting operations in 1996, the leading car manufacturer from Korea stressed the importance of stable policies. They believe that consistent government guidelines are crucial for confidently making the necessary technological upgrades mandated by the government, ToI reported. «Another challenge that the industry is facing is frequent changes in policies, which make it difficult for auto industry stakeholders not only to ensure adherence but also commit investments,» the company noted in its Draft Red Herring Prospectus submitted to market regulator SEBI. «Overall policy stability and transparency will be required going forward to ensure smooth technology transition and localisation in the country,» it added.

Edited excerpts: Though the market is a bit volatile at this point, those who adopt a long-term perspective are likely to see good returns and achieve significant wealth creation for themselves and their families. Additionally, after analyzing the last eight elections since 1991, I have observed an interesting pattern: there's often a feverish speculation among investors about the election outcome. However, in the long term, the market stabilizes based on the financial performance of companies, macroeconomic factors, and turning points of sectors.

seamless exchange of medical records, accessible to doctors within the ABDM network, the initiative aims to ensure seamless continuity of care.This assumes importance considering that India has a high cancer burden, with 1.46 million patients in 2022.Key government and trust hospitals treating cancer, including PGIMER (Chandigarh), Tata Memorial Hospital (Mumbai), All India Institute Of Medical Sciences (AIIMS Jodhpur), and National Cancer Institute (Jajjhar), will pilot the adoption of the ABDM-enabled electronic medical records system, or the Health Management Information System,The objective of the pilot is to scan and seamlessly share the records with departments and tertiary care providers, such as radiology, ENT and respiratory units, across participating hospitals.Medical records will only be shared with patient consent using their digital health ID (ABHA ID).“We are very hopeful about this project. Cancer is one of those diseases where a patient must approach healthcare facilities repeatedly.

instant cameras like Instax. Chinese electronic company Fiio came to CES in January 2024 with the CP13 – a portable cassette player with a sleek design and a few retro touches. James Chunge, CEO of Fiio, said he wanted to pay homage to the original Sony Walkman that came out in 1979.

MeitY) minister Ashwini Vaishnaw said. «We will be as extensive as we can. We will not rush through and prefer a consultative process. In parallel, we are working on creating a digital by-design platform, so that the implementation can be done in a digital form,» Vaishnaw said. ET reported on June 12 that the IT ministry aims to release the proposed administrative rules under the DPDP Act for public consultation before the start of the upcoming Parliament session in July to give ample time for stakeholders to deliberate on the finer nuances of the rules.

Telugu Desam Party (TDP) general secretary and son of Andhra Pradesh Chief Minister Chandrababu Naidu, Nara Lokesh on SAturday launched a "Praja Darbar" to directly interact with the people of his constituency and address their grievances. In the press release, TDP said that has been meeting with locals at his residence every morning to listen to their problems and provide solutions. Lokesh has also established a special task force to resolve the issues raised by the public. This initiative is seen as a significant step towards fulfilling his election promise of being accessible to the people.

Union Minister of Heavy Industries and Public Enterprises, HD Kumaraswamy on Saturday clarified that he was misquoted on his purported remarks regarding the US semiconductor firm Micron. «Semiconductor is a strategic industry. It is a basic requirement for electronics and automobile manufacturing. Both these sectors generate lots of employment. I greatly appreciate the semiconductor-related initiatives taken by @PMOIndia and will work towards fulfilling them through my ministry, Kumaraswamy said in a post on social media platform X. This comes in the wake of a media report published on June 14 in which he purportedly questions the necessity of investments like the USD 2.5 billion semiconductor unit by US-based Micron Technology in Gujarat, which could receive subsidies amounting to Rs 3.2 crore per job created.

penalty of Rs 1.45 crore on the Central Bank of India for non-compliance with certain directions related to 'loans and advances' and 'customer protection'. The RBI had conducted a statutory inspection for Supervisory Evaluation (ISE 2022) of the Central Bank of India with reference to its financial position as of March 31, 2022. A notice was issued to the bank, advising it to show cause as to why a penalty should not be imposed on it for its failure to comply with the directions, the RBI said. After considering the bank's response, the RBI found that charges against the bank were sustained.

Avantel, a telecom product manufacturing company, witnessed a 19% spike in its shares during today's intraday trade, reaching a new record high of Rs. 168 apiece.

To revalidate your Aadhaar card, the UIDAI advises submitting Proof of Identity and Proof of Address documentation if it was issued more than ten years ago and has never been updated. Biometric data, such as fingerprints, iris scans, and facial photos, cannot be updated electronically. Also Read| How NRIs can get Aadhaar cards made: A step-by-step guide

Bharat Electronics Ltd. traded 1.89 per cent up at Rs 306.65 on Friday at around 10:40AM (IST), while the benchmark BSE Sensex advanced 147.0 points to 76957.9. As many as 2,804,492 shares changed hands on the counter with a total value of Rs 85.69 crore.

₹8,14,200 on Samsung Display, its two directors, company secretary and a former official for violating Indian laws on significant beneficial ownership. The fine must be paid in 90 days. The parties have 60 days to appeal against the order before the corporate affairs ministry’s regional director.

Yummo brand ice-cream ordered from Zepto on Thursday adds to the growing list of safety concerns raised over food items delivered by ultra-fast delivery firms. The customer has filed a police complaint.

MCA) has slapped penalties totalling Rs 8,14,200 on Samsung Display Noida Private Ltd, its managing director Seung Kyu Lee and three others for alleged violation of the significant beneficial owner (SBO) norms under the Companies Act, 2013. In its order dated June 12, reviewed by ET, the Registrar of Companies (RoC) for Uttar Pradesh under the MCA has said the company «has failed to exercise the due diligence to ascertain the SBO in terms of the provisions of the section 90 of the Act». As per Samsung Display Noida's February 2024 letter cited in the order, it's fully owned by Samsung Display Co (Korea), which, in turn, is 84.8% owned by Samsung Electronics Co (Korea). Section 90 of the Companies Act, 2013, typically requires companies to disclose their significant beneficial owner details to authorities.

Consumer electronics startup Indkal Technologies has raised $36 million in a funding round led by Mauritius-based Aries Opportunities Fund. The funding, entirely primary, was the first by the 2020-founded firm and was done at an undisclosed valuation.

Bharat Electronics Ltd. slipped 0.27 per cent to Rs 289.75 in Thursday's trade. It hit a high of Rs 294.0 and low of Rs 287.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 186.21, while the 50-DMA was at Rs 251.53. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Senators criticized top federal officials over the rise of illegal electronic cigarettes in the U.S., a multibillion-dollar business that has flourished in recent years