Electronic Financial News

Sterling Tools Limited, the automotive fastener manufacturer, through its subsidiary, Motor Control Units (MCUs) in India, has signed a Memorandum of Understanding (MoU) with South Korea’s Yongin Electronics Co Ltd, a supplier of components to theHyundai Kia Motor Group. 

Lok Sabha Elections 2024: Authorities in Bengaluru have announced stringent measures to maintain law and order situation in the capital city of Karnataka during phase 2 polling for the Lok Sabha elections on April 26. Prohibitory orders under Section 144 of the Criminal Procedure Code (CrPC) will be enforced from 6 pm on April 24 until midnight on April 26. Under this, public meetings, rallies, gathering of more than five people, burning of effigies, possession of lethal weapons, provocative speeches, and publicly raising political slogans will be strictly prohibited in Bengaluru from April 24 to April 26.

chips, is poised to get more than $6 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil. The award, which isn’t yet finalized, could be announced as soon as next week, according to people familiar with the matter. It’s not clear whether the company also plans to accept loans available through the 2022 Chips and Science Act in addition to the direct grant funding.

Kaynes Technology will manufacture 3,000 indigenously designed RUDRA high-performance computing (HPC) servers for government-owned Centre for Development of Advanced Computing (CDAC). ET has learnt that CDAC, a research and development organisation under the ministry of electronics and information technology (MeitY), has already awarded the contract to Kaynes, a listed company.

With various sizes, designs, and cost-effective options available, discover the best manual lockers for home in India tailored to fit your requirements in our comprehensive guide. All of the shared options are readily available on Amazon and you can place your order using the buying links shared in the article below.

The Indian stock market has seen a significant surge in individual investors’ participation over the recent years, driven by factors such as increasing financial literacy, technological advancements, and easier access to trading platforms. Among the essential components facilitating this trend is the demat account or dematerialised account. 

In recent years, there has been a steady increase in inflows into equity mutual funds, reflecting the growing participation of investors in the flourishing Indian stock market. As a result, mutual fund assets surged by ₹14 lakh crore, or 35% year-on-year, to a record ₹53.40 lakh crore in FY24.

India unit of Korean electronics maker Samsung wants to notch up Rs 10,000 crore in sales from the television business in calendar 2024, while expanding the production and local value addition of the product in the country, said Mohandeep Singh, senior vice president (visual display business) at Samsung India. At present, Samsung locally produces 90% of televisions it sells in India. Talking to ET on the sidelines of the company’s launch of new AI televisions on Wednesday, Singh said the company has embarked on an ambitious plan to become the first television manufacturer to clock Rs 10,000 crore revenue milestone in India.

Turkiye announced on Tuesday that Turkish authorities have initiated a requirement for Indian and Nepalese passport holders traveling to Mexico, Panama, Colombia, and Venezuela, transiting via Istanbul Airport, to obtain an 'Electronic Airport Transit Visa' (e-ATV). As per the embassy's statement shared on X by the Turkish Embassy in India, Indian and Nepalese passport holders subject to this requirement can obtain the e-ATV through the website «evisa.gov.tr» starting from April 15. Importantly, this service is provided free of charge, adhering to the current practice.

Apple contributed 65%, or about $10 billion, double the $5 billion of phone exports from India in FY23, when the US major became the first smartphone brand to achieve this feat. India’s fledgling mobile electronics manufacturing ecosystem has helped create more than 1.2 million jobs, while producing goods worth $50 billion, in FY24, show the data.

Mint explains: These are platforms where foreign exchange transactions can take place. They are used by corporates and traders to hedge their foreign currency risks. These transactions can be on over-the-counter (OTC) spot or derivatives platforms authorized by the RBI.

₹60,000 with Amazon Pay Later. Here are top deals on smartwatches under ₹1,500. This smartwatch is up for grabs at ₹999.The beatXP Vega Neo Smartwatch boasts a 1.43" Round AMOLED Display with Always On feature, customizable cloud-based watch faces, and Smart EzyPair Technology for clear Bluetooth calling.

Requisite sanction has been procured to prosecute NewsClick founder and Editor-in-Chief Prabir Purkayastha under anti-terror law UAPA in a case where the news portal has been accused of having received money to spread pro-China propaganda, Delhi police told a court here on Tuesday. The prosecution told Additional Sessions Judge Hardeep Kaur that the sanction documents have been filed as a part of a supplementary charge sheet in the case. The judge posted the matter for further hearing on April 30. Under the Unlawful Activities (Prevention) Act, an independent authority makes a recommendation to the competent authority (central or state government) about prosecuting an accused after reviewing the evidence gathered by the investigating agency. It is for the competent authority to decide whether or not to grant sanction.

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas

Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges

Bharat Electronics Ltd. traded 0.59 per cent up in Tuesday's trade at 11:21AM (IST). Around 797,783 shares changed hands on the counter. The scrip opened at Rs 232.75 and touched an intraday high and low of Rs 237.0 and Rs 230.0, respectively, in the session so far. The stock of Bharat Electronics Ltd. quoted a 52-week high of Rs 238.0 and a 52-week low of Rs 100.01.

Tesla senior officials quit as carmaker undertakes largest round of job cuts Musk responded to another user saying that the new accounts would be able to post after three months of creation without paying a fee. "They (new users) will be able to do write actions for free after three months," Musk wrote. However, Musk has not unveiled how much fee X platform would charge from new users.

The Economic Times reported on April 16. If a deal is struck, it will mark a gradual shift in Apple's operations from China to India, the report further added. Titan shares closed down 0.50 per cent at ₹3,601.55 on April 15, on the Bombay Stock Exchange (BSE).

profit on Thursday thanks to strong demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high.

Former Council of Economic Advisers Chair Kevin Hassett joins ‘Kudlow’ to discuss ‘pressure’ that could cause the Fed to increase rates as much as another percentage point.