Electronic Financial News

hardware: tanks, fighter jets, missiles, air-defence batteries, artillery and vast quantities of munitions. But a less discussed weakness lies in electronic warfare (EW); something that Ukraine’s Western supporters have so far shown little interest in tackling.

The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English

Science and Technology Minister Jitendra Singh made the announcement here in the presence of NITI Aayog member V K Saraswat, Principal Scientific Advisor A K Sood and Department of Science and Technology (DST) Secretary Abhay Karandikar. The VAIBHAV or Vaishvik Bhartiya Vaigyanik fellows are from the topmost institutes of Australia, Canada, Finland, Japan, Singapore, Sweden, Switzerland, the UK and the US, and will work with Indian institutes such as IISc, IUCAA and the IITs for the next three years on jointly identified projects.

Tata Electronics-Wistron deal. This proposed combination involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited.

quantum computing hubs in the country in a public-private partnership mode, the minister of state for electronics and information technology Rajeev Chandrasekhar said. “The quantum (of funds) is more than Rs 10,000 crore. It will be presented before the cabinet for approval soon. The IT ministry is proposing this and this will include setting up of GPUs (graphics processing units) in PPP mode with data centres in the private space and public data centres under CDAC (Centre for Development of Advanced Computing),” Chandrasekhar told reporters on Tuesday.

Republic Day parade will showcase the involvement and use of artificial intelligence (AI) in various sectors and industries. Speaking to ANI, Director JL Gupta said, "This time the tableau showcased by the Ministry of Electronics and IT mainly covers AI-based technology and how AI can be helpful to the public." "You can see a teacher wearing a VR headset teaching the children. AI's use in logistics has also been showcased, and its involvement in cattle management has also been highlighted," he said.

Dolly Khanna added multibagger JKumar Infraprojects in her portfolio in the quarter ended December 30, 2023 along with two more stocks Ujjivan Financial Services and Zuari Industries (ZIL).

(Reuters) -Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.

Investing.com-- Most Asian stocks rose on Monday, with Japanese shares leading gains as hype over AI drove investors into tech, while Chinese markets continued to decline amid persistent fears of a slowing economic recovery.

Budget as the current tariff structure has already proven successful and changing them could harm local manufacturing, a GTRI report said on Monday. The Global Trade Research Initiative (GTRI) said that maintaining the current rates would help balance industry growth and long-term development in India's growing smartphone market.

Bitcoin completed 15 years of its existence. Although the maiden crypto token trades above $41,500 per unit in the international crypto exchanges, its glory was conspicuously missing in the early days of inception. Did you know that the first-ever transaction carried out in bitcoins took place on May 22, 2010 when 10,000 bitcoins were paid to buy two Papa John’s pizzas? Did you also know that it took three years and ten months for bitcoin to touch $1,000 for the first time? Cut to Jan 10, 2024, US markets regulator Securities and Exchange Commission (SEC) gave a green signal to spot bitcoin ETF, garnering an investment to the tune of $4.6 billion within a couple of days.

H-1B needs for fiscal year FY 2025. The US Citizenship and Immigration Services (USCIS) is expected to release dates for the H-1B cap registration processes this month and we expect that like in previous years registration will open at the beginning of March.

Stock market today: In the wake of 'Pran Pratishtha' in Ayodhya Ram Mandir, the State Government of Maharashtra has declared a public holiday on Monday, 22nd January 2024. Therefore, trading activities at the Bombay Stock Exchange (BSE) and National Exchange (NSE) will remain closed today.

parties, including NDA allies and erstwhile BJP partner SAD, have responded favourably to the idea of 'one nation, one election', sources said. Former president Ram Nath Kovind-led high-level committee is likely to hold deliberations with chief election commissioner and Bar Council of India representatives in its next meeting on Saturday, sources said. Several parties, including BJP, are yet to get back to the panel and have sought more time. Lok Janshakti Party, Sikkim Krantikari Morcha, Tamil Manila Congress, PMK and SAD are among the parties that have backed the idea, sources said. The panel had sought views from 46 parties; only 17 have replied so far.

electronics exports grew at a record 22.24% to cross the $20 billion mark in the first nine months of FY24, propelled by booming smartphone shipments, spearheaded by Apple's iPhone. According to industry body India Cellular and Electronics Association (ICEA), mobile phone exports reached $10.5 billion during April to December 2023, comprising 52% of total electronics exports. In FY23, electronics exports stood at $23.6 billion, of which mobile phones comprised $11.1 billion or 43%. Industry data showed iPhones were the single largest contributor to the surge in both electronics and mobile exports this fiscal.

consensus next month on reforming the dispute settlement system of the global trade body as there are wide differences over the issue between developed and developing countries, a GTRI report said on Sunday. The trade minister of the 164-member World Trade Organisation (WTO) will gather in Abu Dhabi in February for the 13th ministerial conference (MC) to resolve different issues such as reforms in dispute settlement mechanisms, agriculture-related matters and a moratorium on customs duties on e-commerce trade.

Kazakhstan has 15 rare earth deposits, strategically important components of electronics and clean energy technology, and eyes for closer cooperation with international partners in harnessing the ample opportunities for these deposits, according to Chairman of the National Geological Service Yerlan Galiyev. This can meet India’s growing demands for rare earth deposits from a source which is situated closer home. India has recently entered into a deal with Argentina for sourcing rare earth metals.

gold jewellery to smartphones to televisions to improve sales in the December quarter after struggling in most of 2023, latest earnings report of companies and market researchers' data show. In electronics, smartphone sales bounced back after five quarters of decline, driven by high sales of premium models such as Apple iPhones and Samsung Galaxy S23 series, and demand for large screens during the cricket world cup helped TV sales volume grow by 8-9% on year — up from 2% growth during January to September — last quarter, industry executives said. While overall gold demand has been muted due to record high prices that rose 15% in 2023 as per the World Gold Council, two of the largest retailers in this segment — Reliance Retail and Titan Company's Tanishq — said demand was robust in the October-December quarter. Titan in an investor note said the growth in gold last quarter exceeded the studded sales growth despite elevated prices and volatility. The company's jewellery division reported sales growth of 21%. Reliance Retail's chief financial officer Dinesh Taluja told analysts on Friday that the jewellery store format had a «very good» last quarter, driven by the festive and wedding buying season with its highest ever sales last Dhanteras. The country's largest retailer also grew electronic sales by 19% year-on-year last quarter.

₹10,000 crore every 15 years to procure new Electronic Voting Machines (EVMs) if simultaneous polls are held for Lok Sabha and assemblies. The Commission, in a communication sent to the government, noted that the shelf life of EVMs was 15 years and one set of machines could be used to conduct three cycles of elections in their life span if simultaneous polls were held. According to estimates, a total of 11.80 lakh polling stations would be required to be set up across India for Lok Sabha polls this year.

₹11,052.60 crore in the December quarter as against ₹8,792.42 in the same quarter last year. Net interest income (NII) increased by 13.4 percent year-on-year (YoY) to ₹18,678 crore in the quarter under review versus ₹16,465 crore in the same period last year. It's The net interest margin dipped 20 bps to 4.43 percent in Q3FY24 compared to 4.65 percent in Q3FY23.

Machinery maker Megatherm Induction on Saturday said it has fixed a price band of Rs 100 to Rs 108 per share for its Initial Public Offering (IPO).