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(Reuters) — Stellantis (NYSE:STLA) said on Monday it will invest 103 million euros ($111.02 million) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules that will help the automaker grow its electric-vehicle portfolio.

LCA) is likely to be ready for delivery by next month and work on an even more capable version is underway, with production likely to commence by 2027, senior defence officials have told ET. The LCA Mk1A, which was cleared for procurement by the Centre in 2021, will add the much-needed numbers to the fighter jet strength of the Air Force and is much more capable than the earlier version, as it is equipped with new age radars, electronic warfare systems and mid-air refuelling features. Officials said that the project is on track to meet the deadlines and the first of the 83 LCA Mk1A jets on order is likely to be ready by next month. By August this year, at least four of the jets are likely to be delivered. Production could taper down next year as there have been some delays in deliveries of engines for the jets but efforts are being made to minimise the gap.

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. Instead of concentrating on its domestic market, it should become regionally competitive and export-driven. That would mean recognizing that Vietnam, not China, is its biggest rival.

India Electronics & Semiconductor Association (IESA) and the India SME Forum- have supported the continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), citing it to be important for supply chain resilience post Covid. The two industry bodies made this submission to the global trade watchdog as part of a consortium of around 170 global associations. The submission comes amid India and South Africa pushing hard for the prohibition to end as it leads to revenue loss and are keen on an outcome on the issue before the WTO's 13th ministerial conference (MC13) later this month. The moratorium on customs duties on electronic transmissions is in place since 1998. Around 105 countries, including the US, the UK, Australia, China, and Japan favour this prohibition. «Continuation of the moratorium is also important to supply chain resilience for manufacturing and services industries,» the associations said.

OpenAI Chief Executive Sam Altman’s plan to reshape the global semiconductor industry envisions pouring vast sums into a challenge that is far more complicated than money. Manufacturing chips is enormously capital intensive. It is also one of the most intricately complex industries in the world with a history of sharp cyclical swings that have made companies wary of radical expansion.

Videogamers aren’t exactly known for their patience. They have little choice at the moment, and neither do investors in the industry. Major videogame developments are on the horizon.

By Riju Mehta & Rohit Shah Tata Punch EV TATA HAS INTRODUCED its first offering on its new Acti.EV platform. Punch EV is an all-electric version featuring a refreshed fascia to match Nexon’s styling. Other exterior revisions include updated tail lights and aerodynamically designed alloy wheels. Changes to the cabin include a two-spoke steering wheel, revised dashboard layout, and a new touch-enabled climate control panel. It gets a 10.25-inch touchscreen, 10.25-inch digital driver’s display, ventilated front seats, six airbags, and a 360 degree camera. Safety tech includes electronic stability control and an electronic parking brake with auto-hold.

software industry group which counts enterprise firms like Microsoft as its clients said in its representation to the ministry of electronics and information technology (MeitY). Washington DC-headquartered software industry group BSA The Software Alliance said that business-to-business and enterprise software services may not pose the same risk to user safety and public order and that the government should consider content authenticity solutions. Public policy solutions to address the issue of deep fakes remain unclear and continue to elude policymakers, said BSA in a letter to the ministry of electronics and IT earlier this month. The government plans to amend the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 to include regulations for deep fakes.

Indian Express reported on Sunday. “Tower is looking to manufacture 65 nanometre and 40 nanometre chips in India which may be used in a number of sectors, including automotive and wearable electronics," said the report. In October 2023, minister of state for electronics and IT Rajeev Chandrasekhar had met with Tower Semiconductor’s chief executive officer (CEO) Russel C Ellwanger to discuss its partnership with India in the chip manufacturing space.

illegal loan apps from PlayStore in a span of two years ending Aug 2023? The latest data was revealed by Dr Bhagwat Karad, Minister of State (MoS) in the ministry of finance in a reply in Rajya Sabha. Google has reviewed nearly 3,500 to 4,000 loans apps and suspended or removed over 2,500 loan apps from its PlayStore during April 2021-July 2022, reveals the data shared by Similarly, during Sept 2022- Aug 2023, over 2,200 loan apps were removed from the PlayStore. Further, Google has updated its policy regarding enforcement of loan apps on the Play Store and only those apps are allowed on the PlayStore which are published by regulated entities or those working in partnership with regulated entities.

Vande Bharat trains in the coming years, railways minister Ashwini Vaishnaw said at the Global Business Summit on Saturday. «The challenge was to develop it (Vande Bharat) in our country by our own engineers and the challenge has been taken very well. I can say with a good level of confidence that in the coming years, we would start exporting this train,» said Vaishnaw, who also holds the communications, and electronics and information technology portfolios. The minister said the feedback on Vande Bharat has been good but more improvements will be done on the trains. «Work has already started on another version of the train, the Vande Sleeper,» he said.

Follow Pakistan Election Results 2024 Live here "EVM had paper ballots that could be counted separately by hand (like it is being done today) BUT it also had a simple electronic calculator/counter of each vote button pressed. Totals of every candidate would have been available & printed within five minutes of the closing of the poll. The entire effort that included more than 50 meetings at the Presidency alone was scuttled," Arif Alvi tweeted.

government is mulling to come with a framework to prevent exploitation of content creators by big platforms on internet, minister of state for electronics and IT Rajeev Chandrasekhar said on Friday. The minister said that big powerful commercial platforms online have started to distort fundamental characteristic of openness of the internet. «I think to maintain the openness, the symmetry between those who create the content and those who distribute the content, there is a need for some sort of conversation or discussion.

MeitY), Government of India, S. Krishnan, inaugurated the SWASTHA project and the state-of-the-art ISO 5 and 6 Clean Room Facilities at the Indian Institute of Technology- Guwahati’s Centre for Nanotechnology. S.

demat accounts. Analysts said more migrants to Maharashtra entering the capital markets, and a high base in UP may have combined to help the western state reclaim the top slot. Gujarat saw the third highest addition of new investors at 230,000, Rajasthan 140,000 and West Bengal 120,000.

A group of Alabama lawmakers has unveiled a sweeping gambling bill that could authorize a state lottery and 10 casinos across the conservative Deep South

Bonus season is over, with mixed feelings for the banks (and bankers) involved. One thing, however, is universal – once bonuses are paid, people start leaving, for better or worse. At least three partners have left Goldman Sachs in the past few weeks, as well as two managing directors (MDs) from Morgan Stanley. 

Mint reported exclusively in June, citing top company executives, that Embraer was in talks with the Mahindra and Tata groups, among others, for an aircraft-manufacturing partnership. On Friday, the world’s third-largest passenger jet maker announced the signing of a memorandum of understanding between Embraer Defense & Security and Mahindra Defence Systems, a 100% owned subsidiary of Mahindra that focuses on armoured transport and security-related products, including electronics.

NEW DELHI : Intel has no plans to set up a semiconductor fabrication unit in India in the near future and is unlikely to expand its manufacturing capacities for other products, said the company’s India managing director Santosh Viswanathan. The technology major is instead focusing on enabling ecosystem players in the production linked incentive (PLI) scheme to scale up electronics manufacturing chains in the country, which he said would lead to more job creation. “At this point in time, we don’t have any plans to do a fab or build any manufacturing capacity in India at this stage, but it doesn’t mean the engagement stops.

By Dawn Chmielewski

Baweja Studios IPO: Issue subscribed 21% so far on day 1; check GMP, other key details of SME IPO Megatherm Induction Limited manufactures induction heating and melting products using electrical induction such as induction melting furnaces and induction heating equipment. Megatherm Induction is a subsidiary of Megatherm Electronics Private Limited. The company also manufactures upstream and downstream equipment and machinery for steelworks, such as transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, etc., as well as electric arc furnaces for the alloy and special steel industry.