Electronic Financial News

Electronic waste and battery recycling company Attero plans to invest around Rs 8,300 crore in the next five years to ramp up its capacity, the company's CEO and Co-Founder Nitin Gupta said. At present, the company has the capacity to recycle up to 1,44,000 tonnes of electronic waste (e-waste) and 15,000 tonnes of lithium-ion battery annually. «In the next five years, we will obviously be investing roughly around USD 1 billion overall, including all forms of capital — debt, equity and sort of other non-diluted forms of capital,» Gupta told PTI. He said that the company is growing 100 per cent year-on-year and gradually increasing capacity.

(Bloomberg) — Over the past few years, Vietnam’s anti-graft drive has taken down a slew of top Communist Party leaders, including presidents, deputy prime ministers and Politburo members. But that hasn’t stopped foreign investors from pouring in cash. 

NEW DELHI : Three high-profile ministries that oversee different aspects of social media advertising are joining hands to create a taskforce that can comprehensively crackdown on misleading ads and fraudulent schemes promoted on digital platforms. An inter-ministerial taskforce to monitor and regulate social media ads is being established by the ministries of information and broadcasting, electronics and information technology, and consumer affairs, according to two people aware of the development.

notification,unreserved candidates who have secured at least 55% marks in master’s degree or equivalent examination from universities/institutions recognized by UGC in Humanities and Social Science, Computer Science and Applications, and Electronic Science are eligible for the exam. The Other Backward Classes (OBC) belonging to the non-creamy layer/Scheduled Caste/Scheduled Tribe /Persons with Disability and third gender category candidates who have secured at least 50% marks in master’s degree or equivalent examination are eligible for the same. There is no upper age limit to appear for the UGC NET professorship exam, whereas, for the post of JRF (Junior Research Fellowship), the candidates must be not more than 30 years old on the first day of the month in which the examination is concluded, i.e.

The Supreme Court on Friday sought a response from the Election Commission of India (ECI) within a week on a plea by an NGO seeking a direction to upload polling station-wise voter turnout data on its website within 48 hours of the conclusion of polling for each phase of the Lok Sabha elections, reports Bar and Bench.

Trent and state-owned Bharat Electronics are likely to replace LTI Mindtree and Divi’s Laboratories in the forthcoming rejig in the Nifty index, according to an estimate by Nuvama Alternative & Quantitative Research. The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into Trent and $ 361 million or Rs 3,000 crore into Bharat Electronics, the brokerage said. The upcoming September 2024 rejig will be an action where we could see two stocks replacing the market's underperformers.

average age of Indian consumers of cars, premium smartphones and large televisions has dropped by up to seven years in the past 5-6 years, reflecting a major shift in consumer buying pattern towards younger demographics. Top car makers such as Maruti Suzuki, Hyundai Motor and Mercedes-Benz say the average buying age, including for luxury vehicles, has fallen from the 40s to almost mid-30s between 2018-19 to 2023-24. Companies said over 70% of electric cars are currently bought by those in their 20s and 30s. In the same period, the average age for Apple iPhone buyers has declined from 33-34 to 28-29 and for large screen televisions (size 55-inches and upwards) from 35-36 years to 29-30, as per industry estimates. Similar is the case with frost-free refrigerators and dishwashers.

auto component manufacturers, electric mobility and companies with auto export potential. The fund house, meanwhile, claims that this is an indicative list. The classification of companies following the automotive and allied business activities will be largely guided by the Association of Mutual Funds in India's (AMFI) basic industry classification.

Linde India shares surged by 5%, reaching an all-time high of ₹9,431 per share in today's intraday trade, driven by heavy trading volumes. This latest rally marks a stellar gain of 55.23% over the past six months and an astounding 140% over the course of a year. The stock has consistently built on its gains year after year.

Dixon Technologies (India) surged almost 10 percent in intra-day deals on Friday to their record high of ₹9,064 apiece, after global brokerage firm Morgan Stanley upgraded the stock to 'equal-weight' from an earlier 'underweight’ rating post its March quarter results (Q4FY24). However, the brokerage has a target price of ₹8,696 for the stock, implying a 4 percent downside from today's record high. Morgan Stanley expects an earnings CAGR (compound annual growth rate) of 42 percent for the firm during FY24 to FY28, which led to this upgrade.

Six men face charges in connection with the theft of more than 400 vehicles worth about $8 million in Michigan

Bank Nifty was down by -9.4(-0.02%) at 17 May 2024 10:17:53 IST.Other stocks such as LANCOR HOLDINGS ORD, Brightcom Group, Reliable Data Services, POPULAR VEHICLES AND SERVICES ORD, Secur Credentials hit their fresh 52 wk lows today.

₹90 per share on the BSE SME on Friday. The investors expectations also had remained high for decent listing gains from the Aztec Fluids & Machinery IPO . The same was evident from the from subscription status and grey market premium.

Bharat Electronics Ltd. traded at Rs 241.65 on BSE at 10:20AM (IST) on Friday, up 1.57 per cent from previous close. The scrip quoted a 52-week low price of Rs 105.75 and a high of Rs 244.0.

acquisition of Haifa port in Israel, which has pounded Gaza after a shock attack by Hamas, sparked the Norges decision. A fourth of India's total cargo is handled by APSEZ, which owns a total of 14 ports including in Israel, Australia and Sri Lanka. An email sent to Norges seeking comment went unanswered.

FIEO) on Thursday stated that it expects merchandise exports to reach $500-510 billion for the year. In FY24, goods exports had fallen to $437.06 billion. FIEO also said that while meeting the ambitious target of $2 trillion exports by 2030, requiring a CAGR of 12.7%, is challenging, it is within reach and can be achieved. Demand, it stated, is slowly improving and continues to be robust for technology driven sectors such as electronics, machinery, high and medium technology, pharmaceuticals, medical and diagnostic equipment. Expressing concern over the growth of the labour-intensive sectors, FIEO President Ashwini Kumar said we lost the market to competitors in categories like knitted and woven garments, made-ups, footwear, gem and jewellery. “In the knitted garment sectors, for example, India added $200 million to its exports during calendar years 2019-2022, whereas, Bangladesh added $10 billion in the same period. In the footwear sector, while global imports grew at a CAGR of 5%, our exports contracted. Bangladesh exports grew by $750 million in the same period. We need to look into global demand and accordingly modify our manufacturing,” he said at a media interaction in the capital.

Renu Baid Pugalia, V-P-Research, IIFL Institutional Equities, says coming to valuations in capital goods stocks, on a relative scale Larsen & Toubro has disappointed on earnings and where the relative outlook in terms of margins was soft. From an earnings perspective, ABB saw almost 10% upgrade in earnings, Siemens saw 15% to 20% upgrade in earnings. Pugalia says that valuation is a pretty tough rope to walk for investors. The best strategy probably is to stay invested and hold on to these names, wait for opportunities for dips to add more. Pugalia does not see any deep value names, but probably some of the government owned companies, like Bharat Electronics on a relative scale given the kind of earnings growth momentum and visibility that they have, look much more attractive on valuations, trading at sub-30 times one year forward.

Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome

trade deficit stood at $19.1 billion during April 2024, up from $14.44 billion during April 2023. The goods trade deficit had stood at $15.6 billion in March 2024. The April figure fell short of economists' expectations of the merchandise deficit coming in at $17.23 billion, according to a Reuters poll.

Audio electronics brand GOVO targets to be a Rs 1,000 crore entity by FY2027-28, a top official of the company said on Wednesday. The Bengaluru-based audio electronics brand, established in 2022, clocked a revenue of Rs 100 crore in FY2023-24, GOVO CEO and Co-founder Varun Poddar said. «So in FY24, we closed at around Rs 100 crore and we grew around six times, seven times from what we were last year and our goal for the next three years is to go to a thousand crore top line with a 15 per cent to 20 per cent market share. In FY27-28, we are targeting to be a thousand crore company,» he told PTI in an interaction. When asked about factors fueling growth, he said that the company plans to expand the category, increase its market share and go for premiumisation in the category.

With their powerful motors, ergonomic designs, and versatile functionality, these devices offer unmatched convenience and efficiency, making them a must-have tool for every household and professional setting. In this article, we explore the best air blowers available in India, ensuring you find the perfect solution to streamline your cleaning tasks while maintaining the highest standards of performance and reliability.