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production-linked incentive (PLI) scheme for smartphones in August 2021, as per an Economic Times report. The majority of those employed are first-time time job seekers aged between 19 and 24 years, it added citing estimates from government officials and experts. Companies that get PLI benefits are required to report employment data to the government.

Top Events of the Day: India is all set to witness high-octane political, educational, and financial events including Arvind Kejriwal's hearing in an excise policy case, JEE Main Session 2 admit card, and the US visa fees hike today, April 1. Take a look at the top events of the day below, - Chief Minister Arvind Kejriwal, who is currently under ED custody, will be produced before Delhi's Rouse Avenue court at 11 am today, Monday. On March 28, the AAP supremo was sent to Enforcement Directorate custody till April 1.

₹75 crore investment in an air cooler manufacturing plant, prioritizing the segment amid stiff competition in air conditioners and subdued demand. Thompson, which has built enough inventory, plans to expand its capacity next year to further capitalize on the air coolers segment. “All three segments, including coolers, air conditioners and refrigerators, are growing because penetration of the appliances is still less," Avneet Singh Marwah, chief executive, Super Plastronics Pvt.

Whether you need sockets for your living room, bedroom, kitchen, or office space, these electrical sockets provide a reliable and convenient way to power your devices while adding a touch of style to your space.

Panasonic Group will form a joint venture with Indian Oil Corporation Ltd (IOCL), the nation's biggest oil firm, to manufacture cylindrical lithium-ion batteries. Panasonic Energy Co Ltd, a group firm of Japan-based multinational electronics company, has signed a binding term sheet and initiated discussions with IOCL «to draw a framework for the formation of a joint venture» to manufacture cylindrical lithium-ion batteries, said a statement on Sunday. «This initiative is driven by the anticipated expansion of demand for batteries for two- and three-wheel vehicles and energy storage systems in the Indian market,» it added. Cylindrical lithium-ion batteries are commonly used in consumer electronics, power tools, and electric vehicles. Panasonic Energy is a maker of automotive lithium-ion batteries.

AC industry said «favourable weather forecast of a scorching summer» and increase in disposable income are likely to push up sales. Top manufacturers such as Daikin, Panasonic, LG Electronics, Blue Star, Godrej Appliances and Lloyd, expect up to 25 per cent growth this year, along with a substantial contribution from tier-III towns and smaller centres, which are emerging as promising markets for the category. Sale of energy-efficient 5-star inverter-technology-based models will have a higher contribution from metro cities and other big markets, while affordable 3-star ACs will continue to dominate the semi-urban and rural markets, they said.

insurance policyholders, starting from April 1, 2024. One is mandatory e-Insurance policies for new policyholders and the other is regarding the surrender charges of the life insurance plans such as endowment policies. Here's what policyholders need to know:

HDFC Bank has informed its customers that National Electronic Funds Transfer (NEFT) transactions may not be available on April 1, 2024, due to procedures regarding financial year-ending. Even if the NEFT facility is available for select HDFC Bank customers, it may get delayed. So those who are planning to transfer money may avoid NEFT on Monday. Further, if you receive salary or other payments through NEFT transfer on April 1, 2024, they may also get delayed due to the same reason. HDFC Bank customers may use other transaction methods such as Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI) to transfer money on April 1, 2024.

Carl Pei, CEO and co-founder of consumer electronics company Nothing, doesn’t believe in labels. “I don’t like people who say that they are an ‘entrepreneur’ or a ‘disruptor’. I think your work should speak for itself," he says.

FY 2023-24 may be looking forward to making use of March 30 and March 31, as these are the last two dates of the financial year. If any individual misses to do so there will be no opportunity to invest in the current financial year. If you invest in government schemes like the public provident fund (PPF), Sukanya Samriddhi Yojana (SSY), and others on March 30 and 31, will it be counted as investments in FY 2023-24? ET Wealth Online explains Experts say what would matter the most in this case is when the respective banks process the transaction, and on which date. If you remit money to the bank on March 30 or March 31 and it gets processed the same day, then the investment date will be on these dates, and it will be counted in the financial year 2023-24.

India has taken the right path to achieving self-sufficiency in semiconductors by starting with production of the relatively less complex mature nodes, said a top executive of Taiwanese fabless chipmaker MediaTek. «I think that it is a good strategy adopted by the Indian government that they started with the mature nodes, because they are less complex.,» Anku Jain, managing director, MediaTek India, told ET in an interview. «4nm is complex and relatively more difficult to implement. The new fabs that are coming up in India want to start with the mature node (as) it is slightly easier. I think that is the right approach.»

Good Friday 2024 Bank holiday: Are banks open in your city today? There are 12 public sector banks, 20 private banks, and one foreign bank which are designated as agency banks by the RBI. The agency banks carry out Central government's work as well.

Kangana Ranaut, Bharatiya Janata Party candidate from Himachal Pradesh's Mandi on Friday said that people of Mandi should give a befitting reply to Rahul Gandhi over his 'Shakti' remarks, adding that «how can he say such things in a Hindu Rashtra». Questioning who has been writing his speeches, Kangana Ranaut said, «Rahul Gandhi says he wants to destroy 'Shakti'. Who writes such speeches for him? How can Rahul Gandhi say such kind of things in Hindu Rashtra? I want the people of Mandi to give an answer to those who have spoken indecently about women. The people of India have always blessed me.» The 'Shakti' remarks row erupted earlier this month following Gandhi's remarks during the campaign conclusion speech in Mumbai's Shivaji Ground.

insurance policies in electronic format. Very similar to how investors hold shares in a demat account. In a notification «Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers Regulations, 2024» dated March 20, 2024, the Insurance Regulatory and Development Authority of India (IRDAI) said, «Every insurer shall have in place a Board approved policy for insurance policies issued in electronic form...» «Irrespective of whether the proposal is received in electronic form or otherwise, every insurer shall issue insurance policies only in the electronic form,» the regulator said. To issue policies in the electronic format, the insurers must fulfill two conditions: a) Provided that the authority, on being satisfied that it is in the interest of policyholders and for orderly growth of the insurance industry, allow such exemptions to this requirement; b) Provided further that the insurer shall mandatorily seek the choice of the prospect in the proposal form for availing physical policy document, IRDAI said.

personal loans, it entails steadily reducing the loan balance with each monthly installment until the loan is completely repaid by the end of its term. Here’s an overview of how it operates for personal loans: Put plainly, amortisation enables you to steadily chip away at the loan, addressing the interest along with the principal amount throughout the loan duration. This systematic method facilitates consistent budgeting and guarantees full repayment of the loan by the term’s conclusion.

Xiaomi, a maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars with a sporty high-tech sedan

Massive barges carrying cranes are heading to Baltimore to begin the challenging work of removing twisted metal and concrete from the collapsed bridge that’s blocking a key shipping route

demat account, or dematerialised account, serves as an electronic repository for holding and trading securities in digital form, eliminating the need for physical certificates. With a demat account, investors can conveniently buy, sell, and transfer securities electronically. To understand how a demat account facilitates trading in derivatives, it's important to first understand what derivatives are used for, their functions, and the different types of derivatives.

₹6,238 crore. According to BNP Paribas, the market size of ACs in India is ₹18,000 crore and it is estimated to grow 12-15% by 2027.

If you've watched the 'Scam 1992' series, you might remember the scene on short selling, where Harshad Mehta's character describes the process of selling shares in the stock market without actually owning them.

BSE Sensex ended 526.01 points, or 0.73%, higher at 72,996.31 on March 27. The broader markets ended mixed as the Nifty Smallcap 100 index gained 0.96%, while the Nifty Midcap 100 index settled flat with a positive bias.