Electronic Financial News

AI platform, Gemini, was deemed 'unreliable' and returned unsubstantiated results in response to a query regarding the Prime Minister. According to statements attributed to Minister of State for IT & Electronics Rajeev Chandrasekhar, the Indian government had issued a notice to Google seeking clarification regarding the discrepancies in Gemini's responses. In a significant move, Google acknowledged the platform's unreliability, extending an apology to Prime Minister Modi and the Indian government.

Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan. This unit will be constructed in Dholera, Gujarat. The plant will attract Rs 91,000 crore investment.

Japan's Nikkei 225 share benchmark has topped 40,000 for the first time as strong demand for technology shares keeps pushing the index higher

₹1.5 trillion providing the building blocks for the critical semiconductor value chain of design, fabrication, assembly, testing, marking and packaging. Key among these proposals is the partnership between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation for a ₹91,000-crore fabrication plant with a capacity of 50,000 wafer starts per month. This chip capacity will grant traction at last to India’s long-standing quest for self-sufficiency in semiconductors, or near freedom from reliance on overseas suppliers.

quick commerce platforms–Zomato-owned Blinkit and Mumbai-based upstart Zepto--are fast entering ecommerce territory and are set to add several categories like fashion, beauty, electronics, toys, home and kitchen among other segments. Meanwhile, Zepto, the first unicorn of 2023, has hit $1 billion in annualised gross sales as of the latest numbers, people aware of the matter said. These platforms will add thousands of new SKUs in the next two months, taking the number to over 10,000 as they see consumers coming for frequent purchases driving commerce through the platform. Going beyond grocery and staples will increase the scale of quick commerce significantly, impacting both established ecommerce rivals Flipkart and Amazon as well as nearby kiranas, people aware of the plans said. These platforms are also adding more muscle to their logistics networks in order to serve a wide range of products and ensure they are connected to dark stores and available for deliveries. From two years ago–when quick commerce was starting to take shape in India–this is a significant expansion in strategy carrying a big number of SKUs for faster delivery timelines.

Madhya Pradesh, on March 1-2 attracted investment proposals of over ?1 lakh crore, with domestic conglomerate Adani, multinational company Pepsi and Singapore's electronic group Samcom participating in the event. Among the major investors, Adani has promised Rs 75,000 crore of investment, Pepsi has proposed Rs 1,250 crore investment in Vikram Udyogpuri of Ujjain, LTI Mindtree has inked an memorandum of understanding to invest Rs 500 crore and Singapore's Samcom expressed interest in wind and solar energy projects. The event attended by Madhya Pradesh chief minister Mohan Yadav witnessed participation from delegates from developed countries like the US and UK, African nations and Asian countries.

National Commission for Protection of Child Rights has sought action against an app for allegedly disseminating explicit and objectionable material, including content targeted at children. The move comes in response to a complaint filed with the National Commission for Protection of Child Rights (NCPCR) that raised serious concerns regarding the accessibility of explicit content through these apps, which lack stringent age-verification measures, the apex child rights body said in a letter to the Union Ministry of Electronics and Information Technology. Specific shows within these apps are accused of depicting explicit sexual scenes and storylines — with screenshots submitted as evidence — showing disturbing portrayals of sexual intercourse involving schoolchildren, it said. The absence of proper Know Your Customer (KYC) or age-verification systems is deemed to violate Section 11 of the Protection of Children from Sexual Offences (POCSO) Act, it observed.

semiconductor chip, that is used within the Bluetooth and Wi-Fi component of your phone, could’ve crossed international borders as many as 70 times before it reached you. And this entire process can take up to 100 days, 12 of which are spent in transit between various supply chain steps. And this is just one tiny component that makes up the lifeline of the digital world. Components are as critical as the final device. But most of the components currently come from countries such as Taiwan, China, South Korea and the US. This is going to change soon, however.

Election Commission of India (ECI) will set up special polling stations in relief camps to enable voters displaced by the ethnic violence in Manipur to cast their votes in the forthcoming Lok Sabha elections. Election officials said that the ECI made this decision after consultation with the Central and state governments. “As per past precedent of similar nature, internally displaced electors shall be provided with the facility to vote at special polling stations to be set up in relief camps,” an ECI statement said.

Macquarie Capital is writing down nearly its entire investment in Indian startup Byju’s, weeks after Swiss bank Julius Baer Group Ltd. accused it of charging fees based on an outsized and outdated valuation, according to people familiar with the matter. The unit of Australia’s Macquarie Group Ltd. is cutting the value of its stake in the beleaguered education provider by about 98%, the people said, asking not to be identified because the matter is private. Macquarie Capital invested a few hundred millions of dollars in Byju’s in 2021, said the people.

₹2,000 for a ride from Kempegowda International Airport to the south-eastern suburb of Electronic City, a distance of less than 40 kilometers. The screenshot, taken after midnight, displayed escalating fares for various Uber services, with a trip to his home costing ₹1,931 for Uber Go, ₹1,846 for Uber Go Sedan, ₹1,846 for Uber Premier, and a whopping ₹2,495 for Uber XL. Typically, cab services implement night-time charges or surge pricing during late hours, contributing to the elevated fare.

ICRB exam is a highly competitive examination conducted by the Indian Space Research Organisation (ISRO) to select scientists and engineers for various positions. In order to prepare for this exam, it is imperative to have a thorough understanding of the exam pattern and syllabus. Here is an overview of the exam: The ICRB exam is conducted annually and consists of two stages: a written exam and an interview. The written exam is divided into two parts: Part A and Part B. Part A comprises multiple-choice questions (MCQs) on technical knowledge, general awareness, and reasoning ability. On the other hand, Part B is a descriptive paper where candidates are required to write short essays on topics related to their field of expertise. Candidates who clear the written exam are then shortlisted for the interview round. The interview assesses the candidate's technical knowledge, communication skills, and suitability for the applied position. The syllabus for the ICRB exam may vary depending on the position applied for, but generally includes topics such as engineering mathematics, computer science, electronics, and mechanical engineering. Candidates are advised to refer to the official ISRO website for a detailed syllabus and exam pattern.

leap day i.e., on February 29, 2024, by processing 4.10 crore transactions, the highest ever in a day so far. The precise number was 4 crore 10 lakh sixty-one thousand three hundred and thirty-seven, announced Reserve Bank of India (RBI) on Friday. In the past ten years (i.e., between 2014 to 2023), National Electronic Funds Transfer and Real Time Gross Settlement systems registered growth of 700 per cent and 200 per cent, respectively in terms of volume.

It may only be a bill about digitally delivering financial information, but at least it’s a step in a bipartisan direction. Sens. Thom Tillis, R-N.C., and John Hickenlooper, D-Colo., introduced the measure, Improving Disclosure for Investors Act of 2024, in the Senate Thursday. The bipartisan legislation, which has already been introduced in the House, requires the Securities and Exchange Commission to propose new rules allowing for the electronic delivery of regulatory documents to investors.

Ameriprise Financial Services is the latest major broker-dealer to reveal that it’s expecting a significant penalty from regulators as a result of unapproved electronic communications by financial advisors and employees, disclosing last month that it’s preparing to book up to a $50 million expense to resolve the issue with the Securities and Exchange Commission.

ABU DHABI (Reuters) — Members of the World Trade Organization have agreed to extend a moratorium on tariffs on electronic commerce for another two years at a high-level meeting, according to a document released on Friday, although it still needs formal approval.

By Lucia Mutikani

NEW DELHI : Chipmaker Qualcomm Technologies has entered into a partnership with government-backed Centre for Development of Telematics (C-DOT) to support India-based developers and startups working on innovative products and use cases. The pact, signed at the Mobile World Congress 2024 in Barcelona, Spain, will support C-DOT with expertise and best practices, state-of-the-art technology, intellectual property training and tools, according to a release.

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month

Russian man pleaded guilty on Thursday to illegally exporting electronics to Russia for possible military use, in violation of sanctions imposed after Moscow's invasion of Ukraine, the US Department of Justice said. Maxim Marchenko, who lived in Hong Kong, operated a network with two other unidentified Russians that fraudulently bought large quantities of military-grade microelectronics from American distributors on behalf of Russia-based end users, according to the DOJ.