Electronic Financial News

Thiruvananthapuram: Polling in all the 20 Lok Sabha constituencies in Kerala for the 2024 general election concluded at 6 pm on Friday with the state recording a provisional voter turnout of over 67.27 per cent. Though the official time for polling ended at 6 pm, huge queues were seen outside polling booths across the state and therefore, the final turnout percentage is likely to go up. Tokens were issued to voters waiting in the queues. The huge queues in some places were due to delays caused by technical glitches and breakdown in the electronic voting machines (EVMs) as well as instances of bogus voting. In other places, the lines were due to people turning up in large numbers in the last couple of hours to cast their votes.

Supreme Court's decision on Friday rejecting pleas seeking complete cross-verification of votes cast using EVMs with a Voter Verifiable Paper Audit Trail (VVPAT) has brought the focus back on the paper trail machines. To enhance transparency and verifiability in the poll process, the Conduct of Election Rules, 1961 were amended in 2013 to introduce the use of VVPAT machines. They were first used in the by-election to the Noksen assembly seat in Nagaland. At least one ballot unit, one control unit and one VVPAT make up for an EVM. The tentative cost of an EVM comprised Rs 7,900 per ballot unit, Rs 9,800 per control unit and Rs 16,000 per VVPAT.

Supreme Court rejected petitions seeking cross-verifications of votes cast using EVMs with VVPAT, Prime Minister Narendra Modi said the decision shattered dreams of the INDIA bloc that «sought to mislead the nation». «Ever politician in INDIA coalition sinned by trying to create doubts in the hearts of the nation's citizens,» PM Modi said at an election rally in Araria Lok Sabha constituency in Bihar.

‘Vague & baseless…’: SC rejects pleas for 100% EVM-VVPAT verification Bhushan on the X platform added, "We had asked the SC to either: Go back to paper ballots, or Give VVPAT slip to the voter to put in a ballot box & then count VVPAT slips, or keep the light on in the VVPAT machine & count all the slips. Today only 2% of VVPAT slips are matched with EVM. SC today rejected our demands".

rejected the pleas seeking 100% cross-verification of votes cast on Electronic Voting Machines (EVMs) with paper slips generated by the Voter Verifiable Paper Audit Trail (VVPAT). The verdict comes in the middle of the Lok Sabha Elections 2024, and on a day, 88 seats go for voting in the second phase of polling. The two judges on the bench, Justices Sanjiv Khanna and Dipankar Datta, authored separate yet concurring judgments in the matter.

Supreme Court on Friday dismissed petitions that called for comprehensive cross-verification of votes cast using Electronic Voting Machines (EVMs) with Voter Verifiable Paper Audit Trail (VVPAT). A bench of Justices Sanjiv Khanna and Dipankar Datta delivered two separate but concurring judgments on the matter. Here are the key takeaways from the hearing: 1.

Bharat Electronics Ltd. traded 0.96 per cent up at Rs 240.0 on Friday at around 11:06AM (IST), while the benchmark BSE Sensex declined 198.9 points to 74140.54. As many as 959,821 shares changed hands on the counter with a total value of Rs 23.02 crore.

Tata Electronics is now working to internally develop «very sophisticated» and complex high-precision machines used to produce the casing of these iPhone, sources told ET. The company has tied up with two Indian manufacturers to develop capabilities for it and plans to also export these complex machines in the future. So far, the Tatas imported these from China.

₹300 crore in FY23. Considering the growth and future potential, there is considerable inbound investor interest." Emailed queries to a company spokesperson, as well as Avendus Capital, did not elicit any response till press time. Founded in 2017 by Rajat Verma, Lohum has secured around $63 million in equity funding, and counts Baring Private Equity, Cactus Venture Partners, Venture East and Stride Ventures as its investors.

₹404.1 lakh crore from nearly ₹401.4 lakh crore in the previous session, making investors richer by about ₹2.7 lakh crore in a single session. Nearly 250 stocks, including ICICI Bank, SBI, JSW Steel, Ambuja Cements, Bharat Electronics, Eicher Motors, Hindustan Aeronautics, Hindalco and Trent, hit their fresh 52-week highs in intraday trade on BSE. Experts pointed out that the Indian stock market has been rising of late as investors have shifted focus to domestic factors, such as macro numbers and corporate earnings.

Apple has been upstaging Samsung in terms of revenue growth and exports out of India, but the Korean major is still significantly ahead of rivals in terms of local value addition. Industry executives and market trackers said while the industry average for local value addition in electronics manufacturing hovers around 22-25% currently, an increase from 18% in 2022, Samsung's local value addition is higher. This is partly because Samsung has been manufacturing mobile phones as well as other appliances locally in India much before the government's production-linked incentive scheme came into force and boosted India to become the second largest mobile phone manufacturer.

Supreme Court on Wednesday made it clear that EVM source codes «should never be disclosed» as the same can be misused. A bench comprising justices Sanjiv Khanna and Dipankar Datta made the verbal observation during the resumed hearing of a batch of pleas seeking directions to tally voter-verifiable paper audit trail (VVPAT) slips with votes cast through EVMs during elections. Justice Datta questioned the counsel for one of the petitioners as to whether SC can issue directions regarding electronic voting machines (EVMs) «merely on the basis of suspicion» of hacking and manipulating though there is no concrete proof to prove the same. The petitioner raised doubts about whether EVMs are hack proof. The bench assembled on Wednesday to seek a slew of clarifications from the Election Commission of India on the technical functioning of EVMs, flash memory, VVPATs etc.

banks to exercise more vigilance when it comes to preventing the misuse of traditional banking channels in enabling unauthorised trading in foreign exchange. The central bank said in a notification on Wednesday that it has come across instances of unauthorised entities offering foreign exchange trading facilities to individuals with promises of disproportionate and exorbitant returns. Upon investigation, the RBI found that in order to facilitate such unauthorized foreign exchange trading, these entities have engaged local agents who then open accounts at different bank branches to collect money for margins, investments, and charges.

ITC will convene a meeting of the company’s ordinary shareholders on June 6, 2024, to approve the proposed scheme of arrangement involving the demerger of ITC Hotels from ITC Limited into a separate listed subsidiary, the company on Wednesday said in an exchange filing. The meeting will be held at 10:30 am India time through the electronic mode.

ET Wealth Online explains how to use multiple credit cards.

Asian shares have opened higher, led by an over 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow of what’s been a rough April

Repolling at eight polling stations in four assembly constituencies in Arunachal Pradesh is underway on Wednesday, amid elaborate security arrangements, an official said. The repolling was necessitated following reports of violence, including damage to electronic voting machines (EVMs), during the simultaneous Lok Sabha and assembly elections in the northeastern state on April 19, he said. The Election Commission ordered repolling to Sario under the Bameng assembly constituency in East Kameng district, Longte Loth in the Nyapin segment in Kurung Kumey, and Bogne and Molom booths under the Rumgong seat in Siang. Dingser, Bogiya Siyum, Jimbari and Lengi under the Nacho constituency in Upper Subansiri are also on the list of booths where repolling is underway.

in-flight entertainment content through its app on a trial basis for passengers traveling between Delhi and Goa. This move, starting from May 1, will mark the first time that IndiGo is providing such entertainment options to its customers. Trial Details and Features The trial, scheduled to last for three months, will allow passengers to access the in-flight entertainment content via the IndiGo app. However, to prevent interference with aircraft electronics, this service will be activated only after the aircraft reaches cruising altitude. Passengers will be required to use their personal headphones to enjoy the content.

In this article

demat accounts, which aid in seamless transaction facilitation and efficient storage of financial securities. However, investors must be aware of specific demat account charges associated with various brokerage services. Understanding and monitoring these expenses is paramount.

Also Read: Demat Account: How to create long-term wealth? Follow these 6 key steps Submit a duly signed Rematerialisation Request Form (RRF) to your Depository Participant (DP) if you wish to convert your dematerialised holdings of securities into physical certificates. If you have appointed a Power of Attorney (POA) holder, they can also sign the RRF, provided the POA is registered with the Issuer/Registrar and Transfer Agent (RTA). Also Read: Demat Account: What is Basic Services Demat Account and what are its features? Upon receiving the RRF, your DP will verify the form and generate the rematerialisation request in the system.