Electronic Financial News

Budget expectations: India’s tryst with manufacturing has finally taken a leap of faith. The country’s ambition to become a $10 trillion economy by the turn of this decade is helping reinvent the real potential of its manufacturing sector.

New Delhi: India’s ministry of electronics and information technology (Meity) is yet to find a solution to local cryptocurrency users accessing global crypto exchanges via virtual private networks (VPN). The government had blocked web and app store access to Binance, Kucoin, Huobi and six other exchanges on 12 January.

What is Rabbit R1? All you need to know about the AI-powered smart assistant launched at CES 2024 Speaking about the Rabbit R1 in an interaction with Bloomberg, Nadella said, “I think CES this year was very interesting. I thought I thought the demo of the Rabbit OS and the device was fantastic.

made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. «They all appreciated the policy and the fact that PM Modi has always stressed on creating a comprehensive ecosystem because not many countries have this kind of policy and therefore they could not get such success,» he said. The Minister for Communications as well as Electronics and Information Technology said the prime minister has always focussed on developing an ecosystem where there is a lot of focus on talent. «MoUs (Memoranda of Understanding) with 104 universities are already in place, their course curriculum are being revised, there is a lot of focus on design with a separate investment scheme. »Many design companies have got the benefit and they are gradually coming up in the value chain.

Investing.com-- Major Asian chipmaking and technology stocks rose sharply on Friday, tracking better than expected earnings from TSMC and as the chipmaking giant also flagged a positive outlook on AI demand.

Investing.com-- Most Asian stocks rose on Friday as a positive, AI-fuelled outlook from TSMC spurred a rebound in the technology sector, although weakness in China and uncertainty over interest rates put most bourses on course for a weekly loss.

UK celebrates Ram Mandir Pran Pratishtha ceremony The UK declaration, signed by over 200 mandirs, community organizations, and associations nationwide, will be presented to the Shri Ram Janmabhoomi Teerth Kshetra Trust in Ayodhya before the Pran Pratishtha ceremony on January 22. The powerful statement from Dharmic communities in the UK highlights shared joy and solidarity with the 1.5 billion global celebrants, warmly embracing the inauguration ceremony of the Ram Janmabhoomi Mandir in Ayodhya.

For nearly a week, frigid temperatures from Chicago to northern Texas have made life difficult for electric-vehicle drivers

₹20 lakh. The curtains go down at 5pm everyday on their own and the lights turn on. The home theatre has a preset ‘movie mode’.

Also Read: IRFC, RVNL, and Mazagon Dock jump up to 13% to their respective new highs; gave multibagger returns in last 1 year Amid this backdrop, multiple PSU companies saw their market capitalisation crossing a significant ₹one lakh crore level. Currently, 17 PSU companies boast a market capitalisation above ₹one lakh crore, and eight of them joined this club in the past year. These companies include IRFC, Bharat Electronics, Bank of Baroda, REC, Punjab National Bank, Union Bank of India, Power Finance Corporation, and Hindustan Aeronautics.

Investing.com-- Taiwan Semiconductor Manufacturing Co (TW:2330) (NYSE:TSM) logged a smaller-than-expected decline in its fourth-quarter profit as revenue was buoyed by increased sales of its most advanced chips.

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Bharat Electronics Ltd. rose 0.32 per cent to Rs 186.3 in Thursday's trade as of 12:40PM (IST) even as the benchmark Nifty ruled at 21480.0, down 91.96 points. The scrip had closed at Rs 185.7 in the previous session.

LTIMindtree: India’s sixth largest IT services company reported robust earnings for the December quarter, with 17% year-n-year rise in consolidated net profit to ₹1,169 crore. Revenue from operations rose around 5% to ₹9,016 crore. However, operating margin dropped below its full-year guidance of 17-18% in Q3FY24, as higher than expected furloughs and less working days dented profitability.

Srinivas Satya, who was the former country president of the semiconductor products group at Applied Materials has joined Tata Electronics as the chief supply chain officer and president of the components business at the company, sources in the know told ET. «Srinivas has already begun his work at Tata Electronics from January 13,» one course cited above told ET. «What led to the switch from Applied Materials to Tata Electronics was his belief in the company's ability to build an entire industry as semiconductors need that kind of approach and the Tata group is uniquely positioned to make that happen.»

Samsung, the South Korean tech giant, Wednesday unveiled many new and breathtaking innovations at its Galaxy Unpacked event. The company finally unveiled its Galaxy Al features for which the fans were eagerly waiting. Notably, most tipsters and analysts were not far off the mark with their leaks and sneak peeks.

By Sheila Dang

Social media platform X received approval for a money transmitter license in Virginia, the 17th U.S. state to grant approval, as the Elon Musk-owned company advances efforts toward introducing payment features. The Virginia license allows X to facilitate money transfers electronically as of Tuesday, according to the Nationwide Multistate Licensing System & Registry, an online database.

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Bharat Electronics Ltd. traded 0.1 per cent down in Wednesday's trade at 10:51AM (IST). Around 198,497 shares changed hands on the counter.

NEW DELHI : The government is set to notify rules that will mandate social media platforms to tackle the menace of deepfakes, after repeated advisories failed to get the desired result, Union minister of state for information technology Rajeev Chandrasekhar said on Tuesday. “We had issued an advisory and we have also said that if we are not satisfied with the compliance, we will notify newly-amended rules that are much more specific to the issue of misinformation and deepfake in particular.