Manufacturing activity still lower than pre-pandemic levels: Experts
An ET analysis found that 12 of the 22 manufacturing firms captured in the index of industrial production were still operating at lower levels than during the pre-pandemic period. “It is becoming progressively clear that notwithstanding some high volatile growth numbers, it is not broad-based. Deficiency in spending is manifest here,” said Madan Sabnavis, chief economist, Bank of Baroda. Key Points
Economic TimesFuture of security: Top 10 digital electronic lockers at a glance
Discover the top 10 digital electronic lockers to safeguard your valuables. Our expert guide features devices with cutting-edge security and innovative design to protect your assets. Key Points
Hindustan TimesNot just CCTVs, Indian security checks may soon be expanded to cover many other items from China
The Indian government is planning to extend its 'trusted source' mandate to tech devices like smart meters, parking sensors, drone parts, and laptops to tackle concerns over Chinese imports. This move aims to ensure a secure supply chain amid fears of data vulnerabilities. Import monitoring for laptops and computers has already been updated. Key Points
Economic TimesNo proposal to put import restrictions on more electronic goods at present: Commerce Secy
There is no proposal at present to impose import restrictions on more electronic goods. The government decided to impose import curbs on laptops, personal computers and certain more electronic devices from November 1 on security grounds to reduce imports from nations like China and boost domestic manufacturing. Key Points
Economic TimesVaping may increase susceptibility to Covid infection: Study
Propylene glycol/vegetable glycerine alone or along with nicotine enhances COVID-19 infection. Certain chemicals found in electronic cigarettes may make vapers... Key Points
The Tribune India
WTO meet: India to oppose no customs duty policy on ecomm transmissions
New Delhi is of the view that e-commerce needs to be looked at from a development dimension and not from the “eyes of big tech companies”. The moratorium on customs duties on electronic transmissions is in place since 1998 and gets extended every two years when the WTO ministerial conferences take place. “There is no question of extending the moratorium. We have given a final extension. There will be no more extension…We are in favour of continuation of the work programme,” said the official. Key Points
Economic TimesAutomobile industry to find growth a bit more challenging this year: Mahantesh Sabarad
Auto sales are rising sharply due to the pent-up demand caused by the Covid effect, but many auto companies have not met expectations in terms of results. For the year ahead, the automobile industry may find growth more challenging, with a muted volume and profitability growth. On the other hand, electronic manufacturing services have seen strong growth, driven by the new PLI scheme and a sharp increase in demand for electronic components and items. Key Points
Economic TimesIndia's electronic goods export rose 22.39% in 5 years
According to data released by the ministry of electronics and IT, the country's electronics export is expected to reach Rs 1.76 lakh crore in 2022-23. Key Points
Economic TimesWhat is electronic interlocking, the change in which is root cause of Odisha train tragedy | Explained
Union Railway Minister Ashwini Vaishnaw said the root cause of the Balasore train accident has been identified. Railway experts have explained what electronic interlocking is and how it can malfunction. Key Points
India TodayBest cabinet safes: Top 10 safest picks under ₹5000
Best cabinet safes: Find reasonably priced security by looking at the best 10 best cabinet safes under Rs. 5,000. To safeguard your assets without going over budget, look into affordable choices. Key Points
mint
India, S Korea start sharing bill of lading electronically to promote trade: DGFT
India and South Korea have initiated electronic transfer of the bill of lading between their customs, enhancing ease of doing business. This digital move eliminates the need for physical record submissions, expected to be fully adopted in 1-1.5 years. UNCITRAL is spearheading this global shift towards electronic trade documentation. Key Points
Economic TimesKeysight Technologies beats quarterly profit estimates
Keysight Technologies (KEYS.N) beat market estimates for fourth-quarter profit on Monday, as the electronic equipment maker continued to benefit from steady demand in segments such aerospace and defense. Key Points
ReutersTime to switch on the lights: 6 stocks from electrical and electronics sector with upside potential of up
From the year 2015 to 2020, the street re-rated many companies with strong brands in the consumer electronic and electrical space. The expansion in price earnings multiples of these companies led to big wealth creation. However there has been a long period of underperformance, as the sector went through a tough phase of structural changes and also increased competition. Is the period of consolidation over and will the street warm up to them? Key Points
Economic TimesChaos as Optus outage disconnects half of Australia
For one talkback radio caller, the first sign something was wrong with Australia's second-largest internet provider, Optus, came when her cat's wifi-powered food dispenser failed to serve breakfast at 6:10 a.m. and her pet woke her. Key Points
ReutersFoxconn arm denies signing Rs 1,600 crore deal to build facility in Tamil Nadu: Report
Foxconn Industrial Internet (FII) has denied reports of signing a deal with the Tamil Nadu government to develop a new electronic components plant in the southern Indian state. We did not sign any investment agreement, FII was quoted as saying by the Securities Times newspaper, adding the company had issued a statement in July refuting similar rumours. Key Points
Economic Times
Man arrested for carrying drugs worth ₹36 lakh
The seized drugs include 20.670 gm white crystal MD and 80.340 gm brown crystal MD, and two electronic weighing machines Key Points
Hindustan TimesMaruti Suzuki remains vulnerable to supply side this fiscal: Official
Maruti Suzuki's largest carmaker, which could not produce around 1.7 lakh units last fiscal due to semiconductor shortage, is also coming up with measures to reduce the usage of certain kinds of chips in its cars. Key Points
mintIndia must stop 'all is well' narrative against surprise attacks. Learn from Israel's failure
Can Israel’s 7/10 be replicated in India? The strategic environment is different but the answer is an unequivocal yes. All worst-case scenarios must be war-gamed and planned for. Key Points
ThePrintPilot launch of upgraded electronic bank realisation certificate system for exporters from Nov 15
The commerce ministry plans to soft-launch the revamped electronic Bank Realisation Certificate (eBRC) on November 15. The eBRC is an essential document for exporters, confirming that they have received payment from a foreign buyer. The upgraded system will rely on electronic inward remittance messages transmitted directly by banks to the Directorate General of Foreign Trade (DGFT). Key Points
Economic TimesMaruti Suzuki expects production loss in Q1; anticipates some relief from July
Maruti Suzuki India expects continuing production loss in the first quarter due to the shortage of electronic components, with relief anticipated in July-September. Last fiscal, Maruti lost 1.7 lakh units due to chip shortage, and it is anticipated that the company will lose numbers in May and June. The carmaker has an order backlog of over 4 lakh units with Ertiga leading the pack with close to 1 lakh bookings. Key Points
Economic Times
Railway Board recommends CBI probe into Odisha train accident: Union Railway Minister Ashwini Vaishnaw
"The way this accident happened, looking at the conditions, and according to the administrative information. The Railway Board is recommending the probe to the CBI," he added. Key Points
FinancialexpressIs a legal notice sent through WhatsApp, email valid?
Traditionally, when a court case is filed against you, a court notice or a summon is sent to you on your residential address. However, what if you have received a court notice on WhatsApp or Email. The first question that will come to your mind will be can a person receive legal notice on WhatsApp. Secondly, if the person can receive it, then is it legally valid practice to send/receive it. Key Points
Economic TimesElectronics exports from Tamil Nadu touch $7.37 billion
India Business News: Tamil Nadu has continued to consolidate its position as India’s leading exporter of electronic goods with its value touching $7.37 billion for the period April 2023 to January 2024. The state’s export of electronic goods is expected to hit $9 billion by the end of this financial year. Learn more about the growth of electronics exports from Tamil Nadu and the state's efforts to tap the sector's potential. Key Points
Times Of IndiaAnand Tandon on sectors to look at in present risk-return scene
GMR and Adani Group are potential choices for airport infrastructure. Rail companies' orders will provide significant upside. Capital goods and electronic manufacturing companies' earnings were disappointing due to low margins. RVNL is a well-managed company. Dixon is disappointing. I would like to flag that in most PSUs, the changes in the management are minimal, but the order books are definitely great but that does not necessarily translate into 800%, 1000% growth in terms of the stock price that we have seen in some of these stocks. Key Points
Economic TimesMatch at least 50% VVPAT, demands CPI(M)
The Communist Party of India (Marxist) demands 50% VVPAT tally with EVM count. They campaign for re-sequencing of electronic units in polling booths. The party raises concerns over Citizenship (Amendment) Act, 2019. They intensify struggles against unemployment, price rise, and assaults on livelihood. They express solidarity with protest actions. Key Points
Economic Times
Man held in Pune, 12 laptops worth ₹6 lakh seized
A 22-year-old man has been arrested in Pune for stealing laptops and electronic gadgets worth ₹6.44 lakh from buildings near college hostels. The police recovered stolen items from his possession, including chargers, a camera, and a two-wheeler. The accused has a criminal record and has confessed to multiple thefts. Key Points
Hindustan TimesAmetek raises profit outlook, buys Paragon Medical in $1.9 bln deal
Ametek (AME.N), which makes electronic instruments, raised its full-year forecast on Tuesday and announced its fifth and sixth acquisitions for 2023 as it expands into different markets and drives earnings growth. Key Points
ReutersFirst semicon fab expected within a year, focus on components where India can lead: Vaishnaw
India is set to establish its first electronic chip manufacturing plant within a year, with a government incentive of $10 billion. The focus will be on developing and manufacturing chips for the telecom and electric vehicle sectors, as these are emerging areas with potential for global leadership. The success of US-based storage chip maker Micron's investment in India has boosted confidence in the country's capabilities. Key Points
Economic Timeselectronic Arts launches 'FC 24' soccer game in fresh start after FIFA split
Electronic Arts (EA.O) on Friday launched its first soccer game without the FIFA tag, betting its "FC 24" title will maintain the momentum in its best-selling franchise and provide a bulwark against an industry slowdown. Key Points
ReutersGovt rolls out mandatory quality norms for smart meters, welding rods
Smart meter is an electronic device that records information such as consumption of electric energy, voltage levels, current and power factor. It communicates the information to the consumer for greater clarity of consumption behaviour and electricity suppliers for system monitoring and customer billing. Key Points
Economic Times
Odisha Train Accident: Railway Minister identifies reason behind Balasore tragedy
A system of signal equipment called an electronic interlocking prevents trains from moving in opposition to one another along a network of lines. Essentially, it is a safety mechanism to stop signals from being changed in the wrong order. This system's goal is to prevent a train from moving forward until the safety of the route has been established Key Points
Firstpost'Odisha train accident has nothing to do with Kavach': Railway Minister Ashwini Vaishnaw on what caused th
The real reason for the tragic train accident in Odisha's Balasore was a change in electronic interlocking, according to Railway Minister Ashwini Vaishnaw, refuting West Bengal Chief Minister Mamata Banerjee's allegations about the effectiveness of an anti-collision Kavach device. electronic interlocking prevents conflicting movements between trains and is used as a safety measure to prevent signals from being changed in an improper sequence. Key Points
Economic TimesGovt plans to introduce bills to amend companies, insolvency laws in Parliament's monsoon session
The IBC, which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. It has already undergone various amendments. On January 18, the ministry proposed a raft of changes to the IBC, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. Key Points
Economic TimesFollowing lithium in J&K, large deposits of 15 rare earth elements found in Andhra Pradesh
Hyderabad-based National Geophysical Research Institute has found large deposits of 15 rare earth elements (REE) in Andhra Pradesh's Anantapur district. REE of the lanthanide series are critical components in many electronic devices like cellphones, televisions, computers, automobiles used daily and in various industrial applications, the report said. Key Points
Economic TimesGovernment to approve up to two chip manufacturing units this year: Rajeev Chandrasekhar
The year 2023 will be an important milestone. We will cross Rs 1 lakh crore in mobile phone exports this year. We will be certainly announcing one to two fabs in India to be commencing construction, Chandrasekhar said. Key Points
Economic Times