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Investing.com-- South Korea’s KOSPI rose sharply and moved back towards near two-year highs on Wednesday, with support coming chiefly from chipmaker SK Hynix on growing hype over artificial intelligence.

Bharat Electronics Ltd. traded 1.24 per cent up at Rs 207.85 at 10:30AM (IST) on Wednesday, even as BSE benchmark Sensex gained 92.61 points to 73187.83. The stock had settled at Rs 205.3 in the previous session. The stock quoted a 52-week high price of Rs 209.0 and 52-week low of Rs 89.68, respectively. As per BSE data, total traded volume on the counter till 10:30AM (IST) stood at 417105 shares with a turnover of Rs 8.66 crore.

Mark Zuckerberg, who is on a mini-Asia tour, is currently in Japan, exploring the heritage and food of the country. The Meta chief is likely to visit Seoul and attend the pre-wedding celebrations of Anant Ambani, the youngest son of Mukesh Ambani, in Gujarat’s Jamnagar. “Mark is in Japan for a personal trip and will also meet with a few key partners while he is here," Bloomberg quoted Meta Platforms' spokesperson as saying.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage. The ministry, which is implementing the companies law, is mainly looking at whether frauds have been committed at these companies and some of the cases are being probed by the Serious Fraud Investigation Office (SFIO), the official said.

₹567.95. Meanwhile, it has rallied 364 percent in the last 3 years and 416 percent in the last 5 years. An investment of ₹1 lakh in this stock a year ago would have turned into ₹3.54 lakh today.

Insurance Regulatory and Development Authority of India (IRDAI) represents a noteworthy development. The draft regulations it has introduced carry potential implications that could be advantageous for policyholders. The document, named “Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024", brings together eight separate regulations into a unified and comprehensive framework.

Bharat Electronics Ltd. traded at Rs 206.95 on BSE at 10:35AM (IST) on Tuesday, up 1.39 per cent from previous close. The scrip quoted a 52-week low price of Rs 89.68 and a high of Rs 208.95.

Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Tuesday's session with some minor cuts amid muted global cues. On Tuesday, the 30-share BSE Sensex opened lower by 66.60 points or 0.09% at 72,723.53 level while the Nifty 50 opened at 22,090.20 level, down 31.80 points or 0.14%.

cross-border remittances has found support from many World Trade Organization members including the European Union, officials said. Except for the US, most countries have favoured a work programme at the WTO for cheaper, faster and more accessible cross-border payments including remittances. Separately, Indonesia has backed New Delhi's proposal to reinvigorate the work under the Work Programme on Electronic Commerce, which requires structured discussion on trade-related issues over global e-commerce, taking into account the economic, financial and development needs of developing countries. Last week, New Delhi pushed for promoting interoperability and interlinkages of digital payment infrastructure including fast payment systems to lower transaction costs.

Nirmala Sitharaman and S Jaishankar will contest the upcoming Lok Sabha polls, their cabinet colleague Pralhad Joshi said on Monday without elaborating much on the subject. “It is more or less decided that they will contest the LS polls,” he told the media in Dharwad while adding that the party was yet to take a call on whether either of them should contest from Karnataka or both from outside. It is often speculated that either Jaishankar or Sitharaman will contest from Bengaluru as the BJP won all three seats in the city in 2019. The FM represents Karnataka in the Rajya Sabha and is also quite familiar with Tamil Nadu and Telangana. Born in Madurai, she toured Tamil Nadu ahead of the Ram Mandir Pran Pratishtha in January and watched the ceremony from Kanchipuram. Jaishankar, who did his early schooling in Bengaluru, actively campaigned for the party ahead of the assembly polls, last year.

chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two. Israel’s Tower Semiconductor Ltd. is proposing a $9 billion plant, while India’s Tata Group has put forward an $8 billion chip fabrication unit, people familiar matter said. Both projects would be in Prime Minister Narendra Modi’s home state of Gujarat, the people said, declining to be named as the matter is not public. Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring international chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.

Bharat Electronics Ltd. dropped 0.24 per cent to Rs 205.0 at 01:24PM (IST) in Monday's trade. The stock hit a high of Rs 206.7 and low of Rs 202.7 so far during the session. The stock had closed at Rs 205.5 in the previous session. The counter had a total traded volume of 01:24PM shares so far with a turnover of Rs 32.26 crore on BSE. The stock traded at a price-to-earnings multiple of 42.17 and a price-to-book ratio of 5.14.

Who does not like earning while spending? This may not sound unrealistic, but it is very much possible with credit cards. Credit card cashback is a rewards initiative wherein cardholders receive a portion of their spending amount back on purchases. This cashback is either applied as a credit to the cardholder’s account or offset against upcoming bills, reducing the overall cost of transactions. When utilising a credit card for a purchase, a specific percentage of the transaction amount is refunded to the cardholder as cashback. The exact percentage is contingent on the card’s terms, conditions, and the nature of the transaction.

Credit card spends rose 30.3% year-on-year (y-o-y) to Rs 1.7 trillion in January, latest data from the Reserve Bank of India (RBI) showed.

Mark Zuckerberg was in Japan on Monday on a mini-Asia tour involving sword-making, mixed-reality headsets in Seoul and reportedly also lavish pre-wedding celebrations for an Indian multi-billionaire's son. Zuckerberg posted footage on Sunday on social media of a «special afternoon learning about making katanas» with a sword master, including of him hammering molten metal and swinging a blade.

artificial intelligence services and forge ties with business and government leaders in the region. Meta Platforms Inc.’s chief executive officer, who’s been in Japan the past week to accompany his family on a ski trip, will meet with his company’s developers in Tokyo on Monday and Tuesday, according to a spokesperson. They’ll discuss the company’s Quest virtual-reality headsets and its large language model Llama, one of its efforts to compete with OpenAI’s ChatGPT.

Acer, known for its laptops and PCs, is expanding into home electronics, with plans to manufacture and export appliances such as water and air purifiers, refrigerators and vacuum cleaners from India, a market that last year became the Taiwanese IT hardware major's second largest for its global operations after the US. Harish Kohli, managing director, Acer India, told ET that the company is already on track to meet the targets for the first year of the revised production-linked incentive (PLI) scheme that started from April 2023 on the back of strong shipments in the commercial space and exports. Under plans to diversify its business in one of the only markets that saw growth-revenue rose 19-20% on-year-in 2023, Kohli said a company named AcerPure is being formed under which the laptop-maker will be selling consumer appliances. AcerPure «will get registered in the next couple of weeks in India and we are going to be a very strong player».

Female workers are making deeper inroads on shopfloors and in functions traditionally dominated by men at automakers, amid adoption of advanced technologies in manufacturing processes which require precision handling. Tata Motors has more than 6,500 female shopfloor technicians at its manufacturing facilities that roll out electric cars, SUVs and heavy commercial vehicles. At the country’s largest two-wheeler maker, Hero MotoCorp, 3,500 women work on the shopfloors and there are assembly lines led by women at its factories at Tirupati, Haridwar and Neemrana in Rajasthan, while at MG Motor India, women account for 34% of its 3,001 workers at the manufacturing unit in Halol, Gujarat.

Chip giant Taiwan Semiconductor Manufacturing Co. has opened in an official ceremony its first semiconductor plant in Japan as part of its ongoing global expansion

Election Commission of India (ECI) has debunked a fake WhatsApp message circulating about the schedule for the 2024 Lok Sabha elections. No official dates have been announced yet, and the ECI will do so through a press conference. In a post on X, the Election Commission of India wrote, «A fake message is being shared on WhatsApp regarding schedule for #LokSabhaElections2024. FactCheck: The message is #Fake. No dates have been announced so far by #ECI. Election Schedule is announced by the Commission through a press conference.»