Electronic Financial News

Zomato cofounder and chief executive Deepinder Goyal on Monday said the company’s quick-commerce platform Blinkit will be bigger than its mainstay business of food-delivery in a year’s time. Goyal was speaking at the goverment of India-organised Startup Mahakumbh, a three-day event where startup founders will convene to discuss how policy formations can help boost India's global ranking in innovation. The food-delivery major has big plans to take Blinkit beyond grocery delivery into the territory of ecommerce. ET had reported on March 4 that the Zomato’s Blinkit and Mumbai-based Zepto are adding categories such as electronics, fashion and home appliances as they start looking like mainstream ecommerce sites.

Narendra Modi responded to Rahul Gandhi's 'Shakti' remark by stating his readiness to sacrifice his life for 'Shakti'. Speaking at a rally in Jagtial, the Prime Minister said that it was an honour for him that Nari Shakti has gathered to bless and support him. «The INDI alliance in their manifesto said that their fight is against 'Shakti'. For me, every mother, daughter and sister is a form of 'Shakti'. I worship them in the form of 'Shakti'. I am the worshiper of Bharat Mata...Their manifesto is to finish 'Shakti', and I accept the challenge...'Main jaan ki baazi laga dunga',» PM Modi said. PM Modi said that his government dedicated the success of the Chandrayaan mission by naming the point where Chandrayaan landed as 'Shiv Shakti'.

made-in-India’ chip from the Micron plant is expected in December 2024. This is significant, as chip shortages during the global pandemic lockdowns heightened realisation of India’s dependency on international supply chains. While the start seems promising, the odds appear to be stacked against India, for now at least.

Rashtriya Swayamsevak Sangh (RSS) has defended Prime Minister Narendra Modi-led Union government over the now-scrapped electoral bond scheme calling it an 'experiment.' Hosabale, 69, was re-elected as the Sarkaryavah, or General Secretary, of the RSS after the meeting of Sangh's highest decision-making body Akhil Bharatiya Pratinidhi Sabha (ABPS) in Nagpur on Sunday. “We have not thought much about this issue. In the meetings, too, we have not discussed it because electoral bonds are an experiment.

By Sam Nussey, Fanny Potkin and Miho Uranaka

By Makiko Yamazaki, Scott Murdoch and Kane Wu

Thiruvananthapuram: Ahead of Lok Sabha elections in the country Union Minister and BJP leader Rajeev Chandrasekhar on Sunday said that he is meeting people from all sections of the society, adding to which, he said, «I consider it my duty to meet and hear them.» He further highlighted, «It is also my intention to present to them, how Bharatiya Janta Party (BJP) and Modi govt can change the trajectory of Thiruvananthapuram, from nothing happening in the last 10 years to making Thiruvananthapuram a place where technology, tourism, electronics, manufacturing, research and science that Anandapuri deserves.» He stated that the BJP and I as a candidate will consider people's desire for change, development and progress and will work to deliver that.

geopolitical risk globally which is leading to higher defense budgets b) Indian government policy of “AtmaNirbhar” or depending on self for ones’ requirement and hence domestic manufacturers getting a higher market share in the Country’s capex spent c) The companies now have strong longer term Order books, a good return ratios and promising profit outlook. How has India fared against its global peers? The equity markets world over have been very strong and polarized with the best performing market being Nikkei (Japan) up 16% in just ~75 days in 2024 and MSCI China down 2% a huge differential of 18% for the investor. The Indian market despite being expensive on a relative market seems to be going from strength to strength, with MSCI India up 6%, in line with MSCI World. The mid and smaller cap indices have started showing clinks in their armor, especially small cap which is flat CYTD underperforming the broader indices. This could be largely due to the stupendous performance of 54% in the last year for small cap and 6-0% for midcaps and profit booking.

Lok Sabha elections 2024: While announcing the schedule for the crucial Lok Sabha elections 2024, Chief Election Commissioner (CEC) Rajiv Kumar turned to his poet avatar. Rajiv Kumar delivered multiple poems and couplets in his speech to emphasize his points including the criticism around Electronic Voting Machines (EVM).

everything rally" effectively encapsulates the exceptional performance witnessed across most asset classes in the past year. Notably, stocks, oil, and even gold saw double-digit percentage gains, with bitcoin also making significant strides. Among emerging markets, the Indian stock market stood out, reaching new heights, a development buoyed by the government's concerted efforts to promote emerging sectors such as data centres, green hydrogen, and semiconductors.

Mutual funds, LIC-owned multibagger stock: Shares of Dixon Technologies (India) Ltd are one of the multibagger stocks that the Indian stock market has delivered in recent years. This stock has attracted investments from various mutual funds, which include HDFC Mutual Fund, Nippon India Trustee, PGIM India Trustee, etc. The story doesn't end here only.

Karnataka Deputy Chief Minister DK Shivakumar has denied any water crisis in the city. Residents of Bengaluru, especially in Whitefield, KR Puram, Electronic City, RR Nagar, Kengeri, and CV Raman Nagar, have been facing severe water scarcity for the past few weeks. The Deputy CM who is also in charge of Bengaluru Development, said, “As far as Bengaluru is concerned, there is no water crisis.

Telangana on Saturday, the BJP said in an official statement. The BJP is formulating strategies to win more seats in the Lok Sabha elections in the state this time. The party's top leaders have already focused on Telangana.

Vladimir Putin electronically submitted his vote in the presidential elections on the first day of Presidential elections, the state media TASS said. The Kremlin released video footage depicting Putin walking to a computer in his office, voting, and subsequently smiling and waving at the camera. A message displayed on the computer screen confirmed the successful casting of his vote.

finance ministry on Friday notified the lower 15 per cent duty rate on the import of electronic vehicles (EV) of a minimum value of USD 35,000, subject to certain conditions, announced under the EV policy. Currently, EV imports attract 100 per cent Customs duty. Earlier in the day, the Heavy Industries Ministry had notified a 'Scheme to promote manufacturing of electric passenger cars in India', under which import duty concessions would be given to companies setting up manufacturing units with a minimum investment of USD 500 million. Following that, the finance ministry notified that EVs of a minimum value of USD 35000 can be imported at 15 per cent duty up to year 2031 by companies that set up manufacturing facilities under the scheme.

T20 World Cup 2024: The International Cricket Council (ICC) on Friday mandated the use of stop clocks in limited-overs international matches and said that it will become permanent in all ODIs and T20Is from June 2024, starting with the ICC Men’s T20 World Cup 2024 in the West Indies and USA. The stop-clock rule was introduced in December 2023 on an experiment basis, which ensured the timely completion of matches. The cricket regulating body has decided to mandate the same in all limited-overs formats of the game.

Stock market today: Bharat Electronics Ltd or BEL shares will be in focus today as the company board is going to declare an interim dividend today. If the board of directors of the company considers and approves the proposal for payment of an interim dividend, this would be the second interim dividend that the BEL would be giving in the current financial year.

Investing.com-- Shares of contract electronics maker Foxconn, formally known as Hon Hai Precision Industry Co (TW:2317), rallied on Friday after it clocked strong fourth quarter earnings and said it expected increased demand from the artificial intelligence industry. 

Foxconn rose as much as 9.5% early on Friday to their highest in three years, a day after it reported a fourth-quarter profit that beat expectations and forecast a bullish outlook for this year due to booming demand for AI servers. Foxconn, formally called Hon Hai Precision Industry Co Ltd, on Thursday reported a bigger-than-expected 33% jump in net profit for the fourth quarter and said it was also looking for a significant rise in revenue this year.

NEW DELHI : New Delhi: In a sluggish consumer electronics market, the key to boosting smartphone sales is to steer clear of cookie-cutter experiences for buyers and, instead, enhance value-addition in mid-segment devices, Raju Pullan, senior vice-president and head of Samsung India’s mobile experience business, said in an interview. According to Pullan, Samsung is targetting non-urban markets, and enhancing value of the smartphones priced below ₹50,000 to drive growth despite the challenges. “Upgrades are happening from ₹15,000 to the ₹30,000 price bracket, and from ₹30,000 to the ₹50,000 range.

demat accounts? Unlike physical shares, which were a thing of the past, all shares are now received and held in electronic form. But who ensures the safety of these electronic shares? This responsibility falls upon depositories like NSDL and CDSL. In this article, let's look at the role of a depositories and their functions.