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manufacturing services (EMS) industry revenues are set to more than double to reach $55 billion by FY27, driven by increased sourcing of components locally, with Apple, Samsung, Lenovo and other global companies expected to expand their presence in India.

Indian markets traded strongly this week ending it with a 3.6% uptick over the previous week. The week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 7,640 crore on screen, which included both buying and selling actions. In the largecap segment, 15 companies witnessed significant block deals on the screen worth Rs 3,788 crore, led by Larsen & Toubro (L&T) with 6 block counts, totalling to Rs 696 crore. The next in line were State Bank of India (SBI, Rs 458 crore), HDFC Bank (Rs 281 crore), Adani Ports & Special Economic Zone (279 crore), Mankind Pharma (Rs 277 crore), Kotak Mahindra Bank (Rs 220 crore) and ITC (Rs 217 crore).

Also Read: Narendra Modi to take oath as PM: From guest list to security arrangements, here’s all you need to knowTDP chairman Chandrababu Naidu and JDU's Nitish Kumar have emerged as kingmakers of National Democratic Alliance (NDA at this critical time, shares of companies based in Bihar and Andhra Pradesh have been soaring. Some companies based in Bihar or with facilities there may gain even more from the political climate.

Department of Revenue Intelligence (DRI) has clarified that input components attached to display assembly of a mobile phone shall attract a combined import duty of 10%, clearing the ambiguity surrounding duty calculations for over four years now.

Nitin Gadkari's innovative satellite-based toll collection system in India, utilizing GNSS and GPS, is set to transform toll collection processes. This new system charges equipped vehicles based on the distance traveled, enhancing the commuter experience on Indian highways.

State Government on Friday banned the screening of the Hindi movie Hamare Barah, which has been released nationwide.

Narendra Modi today criticized the opposition INDIA bloc, expressing concerns about allegations of Electronic Voting Machine (EVM) tampering. Speaking at a meeting of newly elected MPs of the alliance in Parliament, Modi remarked, «When results were coming out on June 4, I was busy with work. Phone calls started coming in later. I asked someone, numbers are fine, tell me EVM zinda hai ki mar gaya (Is the EVM dead or alive). Before 4 June, these people (opposition) were constantly blaming EVMs and they were determined to make people lose faith in the democratic process of India.»

rail PSU stock Rail Vikas Nigam Limited (RVNL) surged 3.7% to the day’s high of Rs 382 after the company announced it had been awarded the project execution agency contract from NTPC. “RVNL has received a Letter of Award from National Thermal Power Corporation (NTPC) for Project Execution Agency (PEA) contract for execution of Balance Civil & HM works of barrage complex including part HRT package of Rammam hydro electric project stage-III (3x40 MW),” said the railway PSU to the stock exchanges in a filing.

Canon is in talks with Indian and global players for its semiconductor lithography equipment, which is the most crucial machinery required in chip fabrication, and shall compete with global leaders like ASML in the space.

Dabur India and Zydus Lifesciences with ‘add’ calls; and PG Electroplast with a ‘reduce’ rating. Meanwhile, deletions include APL Apollo Tubes, Bharat Electronics, Data Patterns, Camlin Fine, and Titan Company.

₹241.00 apiece on NSE SME, a premium of nearly 50% to the issue price of ₹161 per share.Aimtron Electronics IPO listing was better with market expectations as the IPO GMP today, or grey market premium today, was around ₹25 per share, a prmeium of over 15%.The initial public offering (IPO) of Aimtron Electronics opened on May 30 and ended on June 3. Aimtron Electronics IPO allotment was finalized on June 4 and the IPO listing date was June 6.Also Read: Associated Coaters share price hits lower circuit after positive debut, stock opens with 17% premium at ₹142 apieceAimtron Electricals is a provider of products and solutions for electronics system design and manufacturing (ESDM) services.Aimtron Electronics IPO price band was set at ₹153 to ₹161 per share.

Central Board of Indirect Taxes and Customs (CBIC) on Wednesday said it will now electronically disburse duty drawback amounts directly to exporters' bank accounts using the PFMS platform, a move which will increase transparency and will improve efficiency of the process.

Brakes India on Wednesday announced its plans to develop and manufacture advanced braking products for the domestic light vehicle market in a 51:49 joint venture partnership with Japanese AISIN Group company ADVICS at an investment of Rs 500 crore over the next three years. The joint venture entity will focus on developing these products in a phased manner of which Electronic Stability Control (ESC) will be among the initial products to be rolled out, Brakes India said in a statement.

Bharat Electronics Ltd. rose 1.7 per cent to Rs 259.9 in Wednesday's trade as of 02:04PM (IST) even as the benchmark Nifty ruled at 22522.2, up 637.71 points. The scrip had closed at Rs 255.55 in the previous session. The stock quoted a 52-week low of Rs 113.4 and a high of Rs 323.0. The company quoted a market-cap of Rs 183694.74 crore on the BSE.

PSUs) tanked in Tuesday's trading as investors worried about their prospects after the Bharatiya Janata Party failed to secure a thumping majority in the general elections — considered key for further gains in these stocks. Investors are concerned that a weakened BJP-led coalition government's focus on reviving state-owned companies could hit a roadblock in its third term. The BSE's PSU index tumbled 15.7%, its highest single-day losses ever, while the Sensex and Nifty dropped between 5% and 6%. Power financier REC slumped 24%, followed by Power Finance Corporation, Container Corporation of India, Bharat Electronics, BHEL, SAIL which have declined between 18-22%. Most PSU stocks tanked over 10% during the day. The sell-off eroded ₹10.62 lakh crore of PSUs' market capitalisation in a day.

BJP falling short of the halfway mark on its own but managing to get past the post as the National Democratic Alliance.

Stock market today: The Lok Sabha Election 2024 results triggered a stock market bloodbath, with panic selling dominating the Tuesday deals. The Nifty 50 index, for instance, recorded its most significant intraday loss in over four years, closing 1379 points lower at 21,884. The BSE Sensex crashed 4,389 points to finish at 72.079, while the Bank Nifty index tanked over 4,000 points to end at 46,928.

delayed local train services on the Central Railway, with the authorities attributing the disruptions to the new signalling system. The Central Railway undertook a 36-hour mega block over the weekend along with a 63-hour block for widening platforms at Thane station between Friday and Sunday.

₹2,000 crore to set up a printed circuit board (PCB) manufacturing facility in the country, according to two people aware of the development.The likely investment follows its acquisition of a majority stake in Ascent Circuits, a printed circuit board assembly maker, as the group undertakes backward integration towards becoming a full-fledged electronics manufacturing services provider.“The investment is expected to take place within the next few months," said one of the persons cited above, asking not to be named. Queries sent to Amber Enterprises remained unanswered till press time.Amber Enterprises, which is transitioning from being primarily a residential air-conditioning manufacturer into a diversified business-to-business electronics goods maker, will ramp up backward integration, aided by its pact with South Korean firm Korea Circuit that has long been producing printed circuit boards.

ICC mandated the use of stop clocks in limited-overs international matches. It also clarified that the new stop clock rule will become permanent in all ODIs and T20Is from June 2024.“Results presented to the Chief Executives’ Committee (CEC) demonstrated that approximately 20 minutes had been saved per ODI match.

Exit polls suggest that the BJP may not achieve a clean sweep in Rajasthan's parliamentary elections, unlike in 2014 and 2019. This time, predictions indicate that five to seven seats might be won by the opposition INDIA bloc. The final results will be known on Tuesday, following the vote counting process.