Electronic Financial News

ANSYS (ANSS) shares fell premarket Tuesday after it was announced that the company has to be acquired by Synopsys (NASDAQ:SNPS) for approximately $35 billion in cash and stock.

Rajeev Chandrasekhar on Tuesday said compliance with the advisory on deepfakes has been «mixed» from platforms, and added that tighter IT rules are likely to be notified in next 7 days to tackle the issue. The government, he said, had earlier made it clear to social media and online platforms that if its advisory on deepfake is not fully adhered to, new IT rules would follow. «There has been a mixed performance of compliance and I had said at the time of the advisory, that if we find that the advisory is not being followed through completely, we will follow it up with a very clear amended IT rules that will be notified,» Chandrasekhar, Minister of State for IT and Electronics, said on sidelines of an event.

Betavolt, claims to have developed a groundbreaking battery that can power smartphones for an impressive 50 years without the need for charging. The nuclear battery, which has been hailed as the world's first miniaturized atomic energy system, uses 63 nuclear isotopes packed into a module smaller than a coin. The technology behind the battery involves converting the energy released by decaying isotopes into electricity. This concept was first explored in the 20th century and Betavolt has successfully realized it in their innovative product. The startup has already initiated pilot testing and plans to mass-produce the battery for commercial applications, such as smartphones and drones.

Taiwan is pivotal to the geopolitics of Asia and the future of global technological leadership. Communist China has never controlled Taiwan, a self-governing democracy, but arrogates to itself the right to take Taiwan over at a time of its choice, regardless of what Taiwanese think. How to deal with Communist China is therefore always a central issue in Taiwan’s elections.

The last 9 years have seen a decisive transformation of India. The country’s political culture, governance, economy, confidence in its culture and heritage and more—the list is long—have been transformed. Coming after a decade of the United Progressive Alliance’s economic destruction, corruption, cronyism and appeasement, it has put India in the league of the world’s top five economies—a far cry from the “fragile five" among which India found itself at the end of the Congress-led coalition’s 10 years of power in 2014.

Though the Federal Reserve stopped raising interest rates last summer, it is quietly tightening monetary policy through another channel: shrinking its $7.7 trillion holdings of bonds and other assets by around $80 billion a month. Now that, too, may change. Fed officials are to start deliberations on slowing, though not ending, that so-called quantitative tightening as soon as their policy meeting this month.

KYC will get deactivated or blacklisted by banks post-January 31, the Ministry of Road Transport and Highways said on Monday. To enhance the efficiency of the electronic toll collection system and provide seamless movement at the toll plazas, National Highways Authority of India (NHAI) has taken the 'One Vehicle, One FASTag' initiative, which aims to discourage using a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. NHAI is also encouraging FASTag users to complete the 'Know Your Customer' (KYC) process of their latest FASTag by updating KYC as per RBI guidelines. To avoid inconvenience, users must ensure that the KYC of their latest FASTag is complete.

One Vehicle, One FASTag initiative to discourage use of single FASTag for multiple vehicles or linking multiple Fastags to a particular vehicle. " The move is aimed at enhancing efficiency of the Electronic Toll Collection system and to provide seamless movement at the toll plazas," the ministry of road transport and highways said in a statement on Monday. «FASTags with valid balance but with incomplete know your customer (KYC) will get deactivated or blacklisted by banks post 31st January 2024,» it said. «To avoid inconvenience, users must ensure that KYC of their latest FASTag is completed,» it added. NHAI has urged FASTag users to comply with ‘One Vehicle, One FASTag’ and discard all the earlier issued FASTags through their respective banks.

Also Read: Nifty 50 takes just 26 days to jump from 21k to 22k; Tata Consumer, Bajaj Auto, Wipro jump up to 21% in this period The growth of the manufacturing sector fell to 1.2% YoY in November 2023, sharply down from 6.7% YoY a year ago. Electricity output rose by 5.8% YoY, which is far lower than the 20.4% YoY growth seen in October 2023. Mining also slowed down to 6.8% YoY compared with 13.1% YoY growth in October 2023.

crypto wallets such as Binance was cut off for Indian users, their apps were also taken down from Google Play Store. Though there was no official communication from the government, electronics and information technology ministry officials said the move to direct Google to take down these apps followed the finance ministry’s inputs that these platforms are being allegedly used for money laundering.

HANOI — Vietnam is set to achieve a 6% growth in its gross domestic product (GDP) for the year 2024, a target that aligns with the projections made by HSBC and the expectations of the National Assembly. The Southeast Asian nation is experiencing an economic upswing, buoyed by substantial foreign direct investment (FDI) inflows, which saw $36.6 billion registered and $23.2 billion implemented in the preceding year.

Indian workers to duty-free access on goods with India’s Commerce Minister Piyush Goyal in New Delhi. While the import management system has minimized the impact on businesses, she “urged India to ensure that the end-to-end online system currently in operation and related policies do not restrict trade going forward," according to a joint statement. In October last year, India said it will allow imports of tech hardware without a mandatory license, softening curbs it had previously planned to impose.

The top U.S. telecommunications regulator is asking automakers how they plan to protect people from being stalked or harassed by partners who have access to vehicle location and other data

United States has announced that the online filing for H-1B applications for FY25 will begin in February. The US Citizenship and Immigration Services (USCIS) will also launch organizational accounts that will enable online collaboration and submission of H-1B registrations. USCIS will launch organizational accounts for non-cap filings and the fiscal year (FY) 2025 H-1B cap season. Organizational accounts will allow multiple individuals within an organization, such as a company or other business entity, and their legal representatives to collaborate on and prepare H-1B registrations, Form I-129, Petition for a Nonimmigrant Worker, and associated Form I-907, Request for Premium Processing Service, the USCIS said. USCIS will announce the availability of the organizational accounts and H-1B registration dates at the end of January. “USCIS is always striving to improve and streamline our processes, and this is a big step forward,” said USCIS Director Ur M. Jaddou. “Once we launch the organizational accounts and online filing of I-129 H-1B petitions, the entire H-1B lifecycle becomes fully electronic — from registration, if applicable, to our final decision and transmission to the Department of State,” she added. «Once the portal is ready to accept online filings, H-1B petitions (Forms I-129) and associated premium processing requests (Form I-907) may be filed,» explained Poorvi Chothani, managing partner of LawQuest. The H-1B registration process is only available online, she added.

CES, the annual Consumer Electronics Show in Las Vegas, thanks to wearable tech innovations. Here are some highlights:

Suez Canal. Supply chain struggles are now back on the agenda. Container ships are being forced to avoid the Red Sea and Suez Canal, the main route for shipments from Asia to Europe and an important one for deliveries to the US East Coast, after Iran-backed Houthi rebels started attacking ships as part of a campaign against Israel.

Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that's delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had to shut down its factory outside Berlin from Jan. 29 to Feb. 11 due to delays in supply chains, and as U.S.-led airstrikes hit what the Navy said were Houthi missile and drone launch sites in Yemen.

₹12,700 crore, in Navi Mumbai. He also addressed the the 27th National Youth Festival. Here's a quick recap of PM Modi's visit to Maharashtra on Friday, January 12.

Avalon Technologies on Friday said it is now a strategic manufacturing partner for C-DAC (Centre for Development of Advanced Computing), an R&D organization of the Ministry of Electronics and Information Technology (MeitY) to enhance the indigenous manufacturing capability of High-Performance Computing (HPC) systems as part of the ‘Rudra’ programme, which aims at designing and manufacturing of supercomputers in India. “We are proud to announce that we will be a key partner in assisting with the manufacturing of Rudra HPC servers — India's first ever natively designed server by C-DAC," Kunhamed Bicha, chairman of Avalon said in a statement. «We have been involved in the process of development of RUDRA server by providing advanced manufacturing solutions and are delighted to now take on a strategic role in bringing about the Make in India story.»

PLI) schemes for all the 14 sectors, an official said. The meeting assumes significance as the government has disbursed Rs 2,900 crore till March 2023 under the scheme.

Continuing its tradition, Flipkart aims to make this Republic Day Sale a savings bonanza. Discounts of up to 80 per cent on fashion accessories, TVs, electronics, furniture, and mattresses are on the horizon. Appliances, beauty items, and toys are also in the mix, offering substantial price cuts reaching up to 85 per cent. The sale is not only about savings but also convenience, as Flipkart plans to extend special offers through select bank cards during the sale period. Top Models At Reduced Prices: iPhone 14, Pixel 7a &am