Electronic Financial News

₹24,990. Save more on popular brands like Sony, Samsung, LG Xiaomi and more. Chill out during this sale with huge discounts on air conditioners.

Chinese smartphone brands are roping in services of Reliance Retail’s distribution arm to reach retail stores in the hinterlands. Xiaomi sub-brand Poco recently roped in Jio Mart Digital (JMD), through a strategic partnership to distribute Poco devices to over 80,000 retail stores across the country, according to industry executives and retailers. The move comes amidst the offline retail channels claiming over 61% of sales in Q1 2024, according to preliminary estimates from Counterpoint Research, up from 56% the previous quarter. Samsung and Vivo have the strongest hold over offline retail, the research firm said, adding that Xiaomi and Transsion were the fastest growing in Q1 2024.

Mint. “No factory in India will ever be building for India only. It will be a small part, and bulk of it will be for exports, and that's actually a good thing because we want our factories to be globally viable," he added.

Stocks paused their gains amid a flurry of corporate news and earnings with traders adopting a cautious stance before the Federal Reserve’s policy decision on Wednesday.

Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips

Zimbabwe has started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people

Authorities say lottery bids for highly educated worker visas plunged nearly 40% this year

Demat accounts store all your financial securities electronically. These accounts are managed by depositories, which securely hold shares and other financial securities on behalf of investors in a dematerialised format. When you buy shares, they are credited to your demat account; when you sell them, your demat account is debited.

Bharat Electronics Ltd. 0.0 per cent to Rs 235.45 in Tuesday's trade as of 01:44PM (IST). The stock hit a high price of Rs 237.3 and low of Rs 233.3 during the session.

Admiral Dinesh Kumar Tripathi, who specializes in communication and electronic warfare, took charge as the 26th Navy chief in New Delhi on Tuesday following the retirement of incumbent R Hari Kumar. Admiral Tripathi, an alumnus of Sainik School Rewa, was previously serving as the Vice Chief of the Naval Staff before assuming command of the force. Admiral Tripathi was born on May 15, 1964 and joined the executive branch of the Indian Navy on July 1, 1985. He is a specialist in communication and electronic warfare, and has served with distinction for almost 39 years.

₹169.09 crore shares, while domestic institutional investors (DIIs) pumped in ₹692.05 crore on April 29, provisional data from the NSE showed. A total of 56 companies will announce their financial results for the fourth quarter of FY24 today, April 30.

Dematerialisation is the process by which a trader or investor converts physical share certificates into electronic shares. Physical shares can be dematerialised if they have the company's name and face value on them. To verify the physical share certificate, visit bseindia.com and enter the company name or ISIN.

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You can buy anything from apparel to water purifiers, smartphones to smartwatches, air conditioners to refrigerators, televisions to washing machines, and more with leading brands like Samsung, Philips, iQOO, OnePlus, Eureka Forbes, Prestige, Boat, Noise, Maybelline, Puma, Sony, Solimo, and many more. Start browsing now to snag the best deals before they're gone! The Amazon sale begins at noon on May 2; only Prime members may access the Great Summer deal on the Amazon page from midnight May 2. There are ICICI bank cards, BOB cards and Onecard offering 10% instant discounts alongwith summer bonanza rewards, easy returns, and fantastic discounts available along with additional deals like no cost EMI on bank cards, exchange offers, and certificates that can be redeemed later.

Tata Sons chairman N Chandrasekaran has articulated an ambitious growth objective for group chief executives, urging them to intensify efforts in propelling growth and fostering additional momentum across key sectors like electronics, EVs, batteries and steel in 2024. Additionally, he has emphasized the importance for CEOs and CXOs in traditional sectors to meticulously execute business strategies on the ground to seize growth opportunities. Group companies were also asked to work harder on customer-centricity and the One Tata plan set in motion a few years back in terms of giving businesses to each other across categories. This was the theme that brought together around 500 Tata group leaders at the JW Marriott Marquis in Dubai over the weekend for their annual offsite meeting, said top executives at the $270 billion conglomerate. Trent chairman Noel Tata and his three children — Neville, Leah and Maya — attended the meet.

₹50 crore in Indian startups. As part of the initiative, Velumani aims to not only provide financial backing, but also mentorship to promising startups, according to a statement issued by YEA on Sunday. With his wealth of experience and expertise, Velumani plans to handpick seed-stage startups with considerable growth potential, and target entities with at least ₹5 crore in turnover, he said in an interview with Mint.

India's dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing's share in New Delhi's imports of such goods rose to 30 per cent from 21 per cent in the last 15 years, a report said. According to the report by the economic think tank Global Trade Research Initiative (GTRI), the growing trade deficit with China is a cause of concern, and the strategic implications of this dependency are profound, affecting not only economic but also national security dimensions. From 2019 to 2024, India's exports to China have stagnated at around USD 16 billion annually, while imports from China have surged from USD 70.3 billion in 2018-19 to over USD 101 billion in 2023-24, resulting in a cumulative trade deficit exceeding USD 387 billion over five years. The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said.

Narendra Modi on Saturday said the Congress should apologise to the country for doubting the integrity of the electronic voting machines (EVMs). Speaking at an election rally here, he also said Goa was a model of the BJP ''saturation approach'' to the implementation of the central government's schemes, which was true secularism and means of doing social justice. Congress lied about EVMs and tried to instigate people, but the Supreme Court has held in its recent ruling that there was nothing wrong with EVMs, the prime minister said, adding that Congress should apologise to the country for its stand. «Goa is a model of the BJP's saturation approach (to welfare scheme) which has benefited farmers, the poor, fisherfolk, women. Modi lives to fulfill your dreams and aspirations,» he said, The coastal state is the land of patriots and known for its magnificent temples and churches, Modi added.

corporate actions, news events, regulatory changes, and economic factors. Often, investors react excessively or insufficiently to specific news events, creating opportunities for those who closely monitor the markets.

Sharp is reportedly planning to invest $3-5 billion to set up a display fab semiconductor factory in India. The display fabs are used for making televisions and other digital screens. According to a report in the Times of India, top officials from Sharp met communications minister Ashwini Vaishnaw this week in this regard. Notably, Sharp is planning to set up a 1,000-acres facility in India which will be even bigger than its factory back home in Japan. Sharp want to use the Indian factory to cater to both domestic demand but exports.

Congress on Saturday alleged that voters were harassed and the election machinery was hijacked by the ruling CPI(M) in the state with an aim to bring down the turnout percentage. AICC general secretary K C Venugopal said the alleged hijacking of the election machinery by the ruling CPI(M) was one of the reasons for the decrease in polling percentage this year as compared to the turnout in the 2019 Lok Sabha polls. Despite heightened political fervour and anticipation about the general elections for the 20 Lok Sabha seats in Kerala, the process concluded with a notable decrease in voter turnout, as the figure stood at 70.22 per cent at 8pm yesterday. This figure, while significant, was quite a drop from the polling percentage of 77.84 per cent registered in the 2019 Lok Sabha polls. Venugopal claimed that there were glitches in electronic voting machines (EVMs) in three to five per cent of the polling booths in the state that lead to long delays in the election process which in turn caused discomfort to the voters who had to stand in long queues for hours in the intense heat.