Electronic Financial News

shares fell more than 14% on Wednesday, as the brick-and-mortar video game retailer reported a decline in fourth-quarter revenue on the back of a spending slowdown and rising competition from e-commerce firms. The Grapevine, Texas-based company also said late on Tuesday that it had cut an unspecified number of jobs, joining Japan's Sony and Electronic Arts in a bid to reduce costs as economic uncertainty hits discretionary spending.

demat accounts, driven by the active participation of retail investors in Indian stocks, bonds, and mutual funds. This trend reflects a shift in investment preferences away from traditional fixed deposits towards diversified portfolios. Over the past decade, Indian households have increasingly allocated their financial savings towards equities, indicating a sustained upward trajectory in this aspect.

demat and trading accounts. They regularly introduce new features to make trading easier and save users' time. In this article, we'll explore the benefits provided by a demat account beyond the basic buying and selling of shares.

Demat accounts streamline investing and trading in the secondary markets, offering convenience and efficiency. They have revolutionised the ease of investing and trading but they entail associated charges. These fees are a reasonable trade-off for the convenience of electronic trading. However, it's essential for investors to understand the associated charges to make informed financial decisions. Let's understand what they are:

Shriram Finance, HDFC Bank, Jio Financial Services, NTPC, Adani Power, and some others, according to Nuvama Alternative & Quantitative Research. Shriram Finance has been added to the Nifty 50 index and will receive the maximum inflows of up to $188 million. The counter will replace UPL which is expected to see an outflow of $95 million.

Bharat Electronics shares with a target price of ₹250 apiece, implying an upside of over 25% from Tuesday’s closing price. “We expect Bharat Electronics (BEL) to see strong growth going forward due to many factors such as: 1) Moving towards self-reliance in defence, 2) Robust pipeline and focus of exports by GOI 3) Strong order inflow to drive the revenue growth and 4) Healthy profitability and return indicators," Anand Rathi analyst Manan Goyal said in a report. The defence PSU has been focusing on cost control and indigenization to improve profitability.

There are reports of EPF members encountering problems with their withdrawal claims, primarily due to discrepancies between the information in the EPFO records and the details provided by the member. These discrepancies may involve variations in name, date of birth, PAN, Aadhaar, or incomplete KYC information.

₹6,341.90 apiece after the global brokerage firm UBS in its latest report lifted the target price on the stock to ₹7,550 apiece from an earlier price target of ₹5,380, citing a high double-digit growth across domestic and export orders from motion and low-voltage EP segments with a steady ramp-up in OPMs. It expects order inflow growth of 23% during 2023–26E, with revenue growth of around 21% on a 23% earnings CAGR.

CDSL) on Wednesday fell up to 6.4% to the day's low at Rs 1,675 on NSE amid a large block deal in which Standard Chartered Bank is believed to have sold its entire shareholding in the company. Investment banker JPMorgan had last evening issued a term sheet for a block deal in which Standard Chartered Bank offered to sell its entire 7.18% stake at a floor price of Rs 1,672 per share.

demat account and trading account with registered depository participants. Alternatively, investors can opt for participation in stock investing through mutual funds without the necessity of opening a demat account. However, those interested in direct trading are mandated to open a demat account.

NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion's share will be contributed by NTPC ($71 million) followed by NHPC and NLC India.

Investing.com-- Most Asian stocks moved in a tight range on Tuesday, tracking a middling overnight session on Wall Street as anticipation of more key economic readings this week kept sentiment on edge. 

Oracle and another AI infrastructure company giving in-principle approval to join the network. People+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI. The Open Cloud Compute (OCC) project is aiming for an open network where customers can discover the micro data centres, new players can build them, and investors can get on board.

trade agreements (FTAs) with the UK and Oman are expected to figure in the commerce ministry's 100-day agenda roadmap for the new government, an official said. The ministry will also focus on issues pertaining to the exporting community with a view to promoting the country's outbound shipments. Further talks between India and Australia to expand the scope of existing economic cooperation and trade agreement (ECTA) for a comprehensive economic cooperation agreement (CECA) are also progressing at a healthy rate. The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.

Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the «best looking, easiest to drive and smartest car» priced below 500,000 yuan ($69,424), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start taking orders for the car, dubbed the SU7, with the SU short for Speed Ultra. CEO Lei Jun's comments, made on his official Weibo account, mark the first time the company has confirmed the upper end of its price range. Anticipation for the car has been building up since Xiaomi unveiled the vehicle in December and announced it aimed to become one of the world's top five automakers. Lei has touted it as having technology capable of delivering acceleration better than Tesla cars and Porsche's EVs.

BSE), the two leading stock exchanges, will be closed today, (Monday, March 25), on account of the Holi Festival. Therefore, there won't be any trading activity on the Indian stock market today.

NPCI Bharat Billpay (NBBL), banks and fintech firms are in talks to implement banking interoperability, following central bank approval for the project, said two senior bankers with knowledge of the matter. NBBL could start work on the pipelines to enable such transactions in April, they said. “Currently, conversations are happening with the large participants in the net banking ecosystem to find the right implementation strategy,” one of the bankers said. “The top banks like HDFC Bank, SBI, ICICI Bank are the largest players in this space.”

credit card spends in the liberalised remittance scheme (LRS) by April 1 — a plan that has been kept in abeyance for a year. Under the belief that reissuing the specific notification may not go against the model code of conduct, many banks are preparing to integrate their systems with RBI’s for capturing the card spend information of individual customers during personal foreign tours. NBBL is a subsidiary of National Payments Corp. of India (NPCI). As part of its 2025 vision document, the RBI wants all payment rails under a centralised payment system. Internet banking is the only one outside the umbrella and the regulator wants this within the fold quickly, putting it on a par with processes such as the Immediate Payment Service (run by NPCI) as well as the Real Time Gross Settlement and National Electronic Fund Transfer systems (run by the RBI).

Holi is right here, and you know what that means: Vibrant colours, infectious joy, and...a potential tech apocalypse for your phone and other gadgets. Don’t let your phone become a casualty of the colour war. Here’s how to keep your precious electronics safe:

Penalty provisions can act as a deterrent to the development and dissemination of deepfakes and misinformation, a senior official of global think tank Cuts International said while calling for the deployment of technology interventions to check misuse of AI-generated content. CUTS International, Director, Research, Amol Kulkarni told PTI that internet users would require adequate opportunities to verify the genuineness of content and it becomes important during the election season while the role of credible fact-checkers and trusted flaggers becomes crucial.

Hyderabad Police in connection with the case of phone tapping and destroying certain computer systems and official data. During investigation, Additional DCP Thirupathanna and Additional Superintendent of Police N Bhujanga Rao, were arrested, an official release from Hyderabad police late on Saturday night said. The two police officials had earlier worked as Additional Superintendents of Police in the Special Intelligence Bureau (SIB) and Intelligence Department, respectively. They were accused of colluding with suspended DSP of the SIB, D Praneeth Rao, who was earlier arrested by Hyderabad police for allegedly erasing the intelligence information from various electronic gadgets as well as for alleged phone tapping during the previous BRS regime. «During the questioning, the two police officials have confessed about their involvement in the reported crimes including conspiracy to monitor private persons illegally by developing their profiles abusing their official positions; to cause disappearance of evidence by destroying the public property to conceal their involvement in collusion with the already arrested D Praneeth Kumar alias Praneeth Rao, DSP (under suspension) and some other persons», the release said. Further investigation is under progress, they said.