Electronic Financial News

Zetwerk on Wednesday said it has earmarked Rs 1,000-crore investment for expanding its electronic manufacturing capacity across IT hardware, television, mobile phones, hearable and wearable product segment. The company aims to be the leading ODM (original design manufacturer) and electronics manufacturing services provider in the mobile phones, hearable and wearable space. «The company is now producing one device a second from its factories. It has earmarked Rs 1,000 crore investments to grow its Electronics business,» Zetwerk said in a statement.

₹1,000 crore to ramp up its production capabilities for laptops, servers, smartphones, hearables, televisions, and telecom equipment. With a sharp focus on competition, it is aiming to challenge electronics manufacturing services providers in the Indian and exports markets, primarily targeting the US. “We have planned an outlay of ₹1,000 crore for the near future to look at expansions judicially and into critical areas.

Gudi Padwa 2024 Sales and Offers: Gudi Padwa, the harvest festival, signals the start of the new year in various Indian states such as Maharashtra and Goa. It is celebrated as Ugadi in states including Karnataka, Andhra Pradesh, and Telangana. Falling in March or April of the Gregorian calendar, Gudi Padwa marks the first day of the Hindu calendar month of Chaitra.

Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata group, people aware of the matter told ET. «The deal is expected to be completed in the coming two to three months, or, (at the) latest, by the second quarter of the fiscal year,» said one of the persons. «However, as of now, it's unclear if this will be a Wistron-type buyout or a joint venture.» Both options are said to be on the table. Wistron, like Pegatron and Foxconn, is a Taiwan-based contract manufacturer for Apple. Tata group acquired its local operations for $125 million (₹1,000 crore) in November last year, becoming the first Indian company to manufacture iPhones.

US Federal Reserve are fueling a record-breaking rally in precious metals. The precious metal could gain by another 10-15% from current levels, said experts. Silver contracts, which have risen by more than a tenth in a week, touched a lifetime high of ₹82,109 per kilogram on the MCX on Monday. Both gold and silver trying to breach their multi-year highs indicates that a bull market is in force for precious metals, and historically, silver has outperformed gold in such situations, said Sahil Kapoor, market strategist at DSP Mutual Fund. «Conditions are favorable. A breakout is happening after many years, and if you have already allocated to silver, stay put, and if not, you should allocate and wait,» he said. While the precious metal typically moves in tandem with gold prices, it also takes cues from base metal prices because of its usage across several industries including electronics, batteries and semiconductors. Base metal prices have seen a recent rally following encouraging manufacturing data from China. «Middle East tensions and China's heavy buying drove silver's demand, pushing prices up. Meanwhile Fed's Powell last week hinted at cautious rate cuts, influencing silver's long-term bullish outlook,» said Naveen Mathur, director for commodities and currencies at Anand Rathi Shares and Stock Brokers. The demand for silver is expected to grow 1% globally to 1.2 billion ounces in 2024, while supply is seen rising 3% to 1.02 billion ounces, the Silver Institute said in a report earlier this year.

Mint could not independently verify the data breach and its contents. Media reports on Saturday cited a database of 7.5 million users registered with Boat being leaked on the internet, and subsequently put up for sale at a price of around €2 ( ₹180) for the entire database.

New Delhi: The country's imports of personal computers from China dipped 3 per cent to USD 917 million during November-February 2024, according to commerce ministry data. The inbound shipments stood at USD 950.22 million from the neighbouring country during November-February 2023. Similarly, imports contracted about 48 per cent to USD 917 million from China during November 2023-February 2024 as against USD 1.75 billion during July-October 2023, the data showed. Imports of personal computers into India also declined 55 per cent year-on-year to USD 1.06 billion from the world during November-February 2024.

Demat Account: A demat account is primarily used for holding and trading securities such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) in electronic form. It allows investor to buy, sell, and transfer securities seamlessly. Bank Account: A bank account is used for storing and managing money.

Also Read: Demat accounts: Everything you should know about the annual maintenance charges on them This robust support from retail investors propelled the Indian stock market to unprecedented highs, positioning it as one of the top 5 markets globally. During today's trading session, the market capitalisation of BSE-listed firms reached ₹400 lakh crore for the first time. While opening a demat account in India is a matter of hours, maintaining it necessitates certain precautions that retail investors should carefully observe.

Apple is reaffirming its commitment to India. Its contract manufacturers and suppliers, including Foxconn, Tata and Salcomp, are planning to build more than 78,000 homes for their employees, ET has reported. India's Central and state governments will partly fund the project. With this huge housing project, Apple is indicating it is deepening its roots in India. Housing for workers has been a key part of the Apple ecosystem in China. Also Read: Apple Awas Yojana: Apple ecosystem pivots to housing factory workers after job boom

₹9 lakh (ex-showroom). Chairman Anand Mahindra has shared a teaser on X, providing a glimpse of what is to come with the XUV 3XO.

USCIS) has declared that any Form I-693, Report of Immigration Medical Examination and Vaccination Record, properly completed and signed by a civil surgeon on or after November 1, 2023, will no longer expire and can be indefinitely used as evidence to demonstrate that the applicant is not inadmissible on health-related grounds. If you are applying for adjustment status to become a lawful permanent resident, Form I-693 will help to establish that you are not inadmissible to the United States on public health grounds. «In consultation with the Centers for Disease Control and Prevention (CDC), and based on advances in public health electronic notification, USCIS has determined that a Form I-693’s evidentiary value should no longer be limited to a certain period if it is properly completed and was signed by a civil surgeon on or after Nov. 1, 2023,» the USCIS said in a statement.

Tarun Mehta, the co-founder and CEO of Ather Energy, expressed his optimism about the Rizta, stating, «This can be a much bigger story than the 450 for Ather.» The Rizta has been designed with a focus on comfort, convenience, and safety, offering new connected features such as SkidControl and WhatsApp integration on the dashboard. It will be available in two models – Rizta S and Rizta Z, with the Rizta Z model equipped with a higher capacity battery of 3.7 kWh. The Rizta S is priced at INR 124,999 and the Rizta Z at INR 144,999 (Ex-showroom Bengaluru). Bookings for the Rizta are now open, with deliveries set to begin in June 2024. In comparison to Ather's previous model, the 450, the Rizta comes at a base price that is INR 5000 lower. The Rizta will be offered in a range of colors, including both monotone and dual-tone options. The scooter promises a range of 123 kms for the 2.9 kWh variants and 160 kms for the 3.7 kWh variant, providing ample mileage for daily commutes.

Gen Z, are showing more interest in buying local products, pushing up the age group’s contribution to their sales in the last three to four years. Several companies in categories such as electronics and technology products, personal care and fast-moving consumer goods (FMCG) said Gen Z roots for desi products, unlike consumers in the age group from the late 30s to the 50s, who have a soft corner for foreign brands. Sales from younger consumers are growing at the fastest pace — two to three times the overall sales growth in the last few years, marketers said. Latest study by market researcher NielsenIQ said almost 100 million Gen Z consumers in India are shaping a new form of patriotism, going beyond traditional notions.

Snake venom case: Noida police on Saturday filed a 1,200 page chargesheet against YouTuber and Bigg Boss OTT winner Elvish Yadav in the November rave party snake venom case. The Uttar Pradesh's Noida police, in the chargesheet, said that Elvish was in contact with snake charmers. The chargesheet has been filed against Elvish and six others in connection with allegations ranging from snake smuggling to organising rave parties.

Lok Sabha Elections 2024: The Indian National Congress (Congress) has released its list of candidates for Goa North, Goa South, Morena, Gwalior, Khandwa, and Dadra & Nagar Haveli (ST) Lok Sabha seats, ahead of the upcoming General Elections. For Goa North, the Congress has named Ramakant Khalap, while Capt. Viriato Fernandes will represent the party from the Goa South Lok Sabha seat.

When Canada Goose employees received an email on Monday, March 25, telling them not to come into the office the following day, they feared the worst.

Legislation that would authorize a lottery and other types of gambling in Alabama is headed to a conference committee

If you purchased some weighted groceries or bagged fruit at Walmart in recent years, you may be eligible for a cash payment from a class action settlement with the retailer

Indian Army has initiated the induction of control and reporting systems under 'Project Akashteer' to bolster its air defense capabilities. This project aims to deliver an unprecedented level of situational awareness and control for the force to ensure the safety of friendly aircraft and engage hostile aircraft in contested airspace. The deployment of 'Akashteer' began with the flagging off of the first batch of control centers from BEL-Ghaziabad. Developed by Bharat Electronics Limited (BEL) as part of the 'Atmanirbhar Bharat' initiative, this project is poised to significantly enhance the operational efficiency and integration of the Army's air defense mechanisms. 'Project Akashteer' is a cutting-edge initiative designed to automate air defense control and reporting processes by digitizing them. By integrating radar and communication systems at all levels into a unified network, 'Akashteer' aims to deliver an unprecedented level of situational awareness and control.

Blinkit, Albinder Dhindsa, announced on X that the firm is collaborating with Sony to distribute the recently released PlayStation 5 Slim edition game system, which was released in India on April 5. According to a press release from Blinkit, customers in Delhi NCR, Mumbai, and Bengaluru can now receive the brand-new PlayStation 5 Slim models and controllers delivered in ten minutes. Albinder Dhindsa, the CEO of Blinkit, also verified the collaboration in a post on X (previously twitter).