Electronic Financial News

Let’s look at what the insurance regulator has proposed and how it is going to impact you.

—Name withheld on request A content-only plan can cover different contents of your home, including electrical and electronic appliances like fridge, TV, AC, refrigerators etc. It also includes furniture and any fixtures you might have done in your rented apartment. You can also separately get coverage for valuables like jewellery, any expensive work of art, collectibles and any curios separately.

Tata Motors and Mahindra are worth more in market capitalization than Maruti Suzuki, and may also outsell it in the auto sector. Diversity: Atmanirbharta or self-reliance means India has companies in many sectors (rather than a few selected for competitive advantage), diverse consumer markets (mass production with localization) and a large services sector (with higher employment elasticity than manufacturing).

₹25,000 crore semiconductor packaging plant which will be established in partnership with the Assam government and Tata Group, minister of state for electronics and IT Rajeev Chandrasekhar said at the Future Skills Summit in Guwahati, on Thursday. “A semiconductor packaging plant will be established in partnership with the Assam government and Tata Group. We will soon obtain all approvals and submit it to the cabinet for final approval.

unauthorised card payments through certain intermediaries. Without naming the card network, the banking regulator has made an observation via a press release that the card network had an arrangement that enables businesses to make card payments through certain intermediaries to entities that do not accept card payments. This arrangement works like this: The corporates make payments via card network to an intermediary for commercial payments and the same is then remitted via electronic transfer (such as IMPS/RTGS/NEFT) to the recipients which do not accept card payments.

Hindustan Aeronautics Ltd, Cochin Shipbuilders, Mazagaon Docks, Bharat Dynamics, ZEN Technlogies ltd, Astra Microwave products, Mishra Dhatu Nigam and others have seen sharp rise in share prices, of up to 250% during past one year. On an average12 defence companies have given returns of 105 % during last one year as per Bloomberg.

Japanese electronics and entertainment company Sony’s profit rose 13% in October-December on growing sales of music, image sensors and video games

The Reserve Bank of India (RBI) has halted businesses from paying each other via credit cards, by ordering card networks Visa and Mastercard to stop all such payments. Businesses typically pay their vendors by bank transfers or commercial credit cards, sometimes mediated by fintechs. The latter are called Business Payment Service Provider (BPSP) transactions, now suspended by RBI.

Irdai on Wednesday proposed to increase the «free look» period for return of the policy to 30 days and make nomination mandatory for life policies. Currently, a policyholder can examine the insurance policy and opt out if not satisfied with any of the terms and conditions mentioned in the policy within the «free look» period of 15 days (30 days in case of electronic policies) from the date of receipt of policy document, by stating the reasons for the objection. In a draft Insurance Regulatory and Development Authority of India (Protection of Policyholders' Interests and Allied Matters of Insurers) Regulations, 2024, Irdai proposed to consolidate several provisions of the different laws related to insurance. On protection of interest of policyholders, the draft said, «The free-look period for the policies, obtained through any mode, shall be 30 days from the date of receipt of the policy document».

IRDAI has decided to set up Bima Sugam, insurance electronic marketplace, which will be a one-stop solution for all insurance stakeholders. Bima Sugam, or Digital Public Infrastructure, is set to empower and protect the interest of policyholders, to increase penetration of insurance in India. This will also enhance availability, accessibility and affordability of insurance in the country, reads the draft guidelines released by the Insurance Regulatory and Development Authority of India (IRDAI).

tourists arriving in Bali to preserve the culture of the "Island of Gods", news agency AFP reported. Domestic tourists, diplomatic visa holders and ASEAN nationals are exempted from the tax. The government is trying to capitalise on the popularity of Bali which attracts millions of foreign visitors annually to boost its coffers and protect its tropical allure.

AGCM competition watchdog has fined British American Tobacco (BAT) and Amazon a combined 7 million euros ($7.5 million) over misleading advertising for heated tobacco products. BAT was fined 6 million euros and Amazon 1 million euros for failing to provide sufficient information to consumers about the nicotine content and corresponding health risks from use of the Glo Hyper X2 and Glo Hyper Air products, AGCM's statement said.

Mint about the launch of the tablet, Epic Foundation’s Chowdhry said that the long-term goal for such products in the electronics ecosystem would be to build brand value and recognition in terms of products. “India is a predominantly services-driven economy when it comes to electronics, which is a slim-margin business.

Norden Communication on Tuesday announced its tie-up with the Centre for Development and Advanced Computing (C-DAC) to develop AI-based general-purpose thermal cameras, which are used for security purposes as well as other industrial applications. Norden has entered into an exclusive partnership based on Transfer of Technology (ToT) for the development of 'General Purpose Thermal Camera'. As a Transfer of Technology (TOT) partner, Norden committed to the production, marketing, sale, and implementation of the General-Purpose thermal camera in national highway, defence and oil and gas sectors. About 30% of production is expected under this agreement in this sector.

defence ministry signed a Rs 2,269-crore deal with state-run Bharat Electronics Limited (BEL) on Tuesday for the procurement of 11 Shakti warfare systems, along with associated equipment. The electronic warfare system will be installed on-board the frontline warships of the Indian Navy, officials said. The Shakti systems are capable of accurately intercepting electronic emissions and implementing counter measures in a dense electromagnetic environment, they said. «The Ministry of Defence has signed a contract with Bharat Electronics Limited (BEL), Hyderabad on February 13 for procurement of 11 Shakti Electronic Warfare Systems along with associated equipment/accessories for Indian Navy under Buy (Indian-IDDM) category at a total cost of Rs 2,269.54,» the ministry said in a statement.

For procurement of 11 Shakti Electronic Warfare Systems along with associated equipment / accessories for Indian Navy a contract worth Rs 2269.54 crore was inked between Ministry of Defence and Bharat Electronics Limited (BEL), Hyderabad. This will be procured under Buy (Indian- IDDM) category.

«We are targeting $300 billion in production and around $100 billion in exports in the next few years. The ecosystem which is developing is giving us a lot of confidence because now the component manufacturers have started shifting to our country,” Information and Technology Minister Ashwini Vaishnaw said at the ET Now Global Business Summit 2024 a few days ago.. With a huge 22% boost in electronic exports in FY24 which breached the $20 billion mark, the IT Minister believes the target of achieving $100 billion exports in the coming few years is a visible thing. Electronics exports were at $7.6 billion in 2013-14 and $22.7 billion in 2022-23, as per the White Paper issued by the government.

artificial intelligence rules ahead of a vote by the legislative assembly in April that will pave the way for the world's first legislation on the technology. Called the AI Act, the new rules aim to set the guardrails for a technology used in a broad swathe of industries, ranging from banking to cars to electronic products and airlines, as well as for security and police purposes.

Investing.com-- Most Asian stocks rose slightly on Tuesday in anticipation of key U.S. inflation data, while Japan’s Nikkei 225 index rallied to 34-year highs on positive earnings from the technology sector and dovish signals from the Bank of Japan.

sanctions, trade restrictions are proposed to be imposed on the listed companies. Besides this, the EU has recommended sanctions on over 110 individuals and entities, forming part of a broader package commemorating two years since Russia's invasion of Ukraine. Also Read | European Union looking to sanction Indian and Chinese firms over Russia dealings, says report The listed companies are primarily engaged in technology and electronics, as per the report.

European Union (EU) has put forward new trade restrictions targeting approximately two dozen companies, including one from India and three from China, accused of backing Russia's war in Ukraine, as per a Bloomberg report. The listed companies, mainly involved in technology and electronics, are accused of contributing to Russia's military and technological capabilities. The document highlights their alleged role in advancing Russia's defence and security sector.