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The Latest Breaking News on Asian tech

Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service

NEW DELHI: The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and IT Minister Ashwini Vaishnaw said on Thursday.

The Times of India

Adani Wilmar Q3 net profit rises 15% to Rs 246.11 crore

NEW DELHI: Edible oil major Adani Wilmar Ltd on Wednesday reported a 15 per cent increase in its consolidated profit to Rs 246.11 crore for the third quarter ended December 2022, on higher revenue.

The Times of India

TSTH to gain from higher steel consumption

Tata Steel Thailand Plc (TSTH), a unit of India's largest steelmaker, expects to benefit from higher steel consumption in Thailand this year but needs to control production costs, driven by more expensive power bills.

Bangkok Post

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Growth in IT spending set to dwarf global rate

IT spending in Thailand is expected to register 4.2% growth in 2023, slightly slower than last year's level, weighed down by a projected contraction in spending on devices, according to research firm Gartner.

Bangkok Post

Finance minister Nirmala Sitharaman asks India Inc to be prime movers in frontier technologies

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday asked India Inc to be prime movers in frontier technologies, adding that the government will facilitate the development.

The Times of India

Totoki to replace Yoshida as Sony Group president

Hiroki Totoki, currently Sony Group Corp.'s executive deputy president and chief financial officer, will be promoted to president and chief operating officer on April 1, the company announced Thursday.

The Japan News/Yomiuri

Sony taps president to steer entertainment-electronic empire

Sony has appointed a company veteran as its president to lead the Japanese electronics and entertainment conglomerate through times of change

The Independent UK

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South Korea logs record trade deficit as tech demand falls

South Korea has logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged

The Independent UK

These 4 Semiconductor Stocks Are Hot Buys Right Now

Despite the supply chain issues spurred by U.S.-China tensions, the semiconductor industry’s growth prospects appear bullish due to increased demand and usage across various sectors and growing federal and corporate spending. Hence, fundamentally sound semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), Photronics (PLAB), and Xperi (XPER) could be solid buys…

StockNews.com

Infosys: firm founded by Rishi Sunak’s father-in-law in UK tax dispute

HMRC and the Indian IT services firm disagree over corporation tax bill of about £20m

The Guardian - UK

Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

The Independent UK

Samsung’s Profit Plummets amid Global Economic Woes

Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips. The company’s operating profit of 4.3 trillion won ($3.5 billion) for the three months through December fell 69% from a year…

Asharq Al-Awsat

Donation of computer desktops to needy rural schools in coordination with Bangkok Post Foundation

ManpowerGroup, the leading global workforce solutions company, recently donated thirty computer desktops to needy rural schools in Phetchaburi province.

Bangkok Post

Adani Group mulls suing US short-seller for fraud claims

India’s Adani Group has launched a share offering for retail investors and says it is considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week

The Independent UK

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The Times of India

India's 1.4 billion population could become world economy's new growth engine

NEW DELHI: India’s economic transformation is kicking into high gear.

The Times of India

Karnataka HC quashes proceedings against four accused of running fake call center

BENGALURU: Pointing out that there are no victims or complaints lodged by general public alleging cheating, the Karnataka high court has quashed the proceedings against four persons accused of running a fake call center at Whitefield, Bengaluru city.

StockNews.com

3 Chip Stocks to Buy This Week for Under $100

While demand for chips remains subdued due to broader macroeconomic concerns, the industry is well-positioned for growth with increasing applications of chips. Therefore, it could be wise to invest in fundamentally strong chip stocks Taiwan Semiconductor Manufacturing Company (TSM), Photronics (PLAB), and Xperi (XPER), which are trading under $100. Keep…

Caixin Global

Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

Lu Jun, who headed the firm in charge of the country’s biggest state-run chip investment vehicle, is suspected of taking bribes, embezzling public funds and abusing his position

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The Times of India

Adani now plans to enter water segment; FPO opens January 27

MUMBAI: Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure.

StockNews.com

1 Semiconductor Stock You Should Buy Now

Despite facing inflationary headwinds and demand softness lately, semiconductor foundry major Taiwan Semiconductor Manufacturing Company (TSM) remains well-positioned to gain from the increasing demand for high-performance chips. Thus, we think it could be wise to buy the stock now. Read more….

Al Jazeera

Biden, Dutch PM Rutte discuss China, Ukraine at White House meet

Meeting comes as US has sought support for export controls to limit Beijing’s access to advanced computer chips.

StockNews.com

3 Semiconductor Stocks You Can Buy and Hold Forever

While the demand for semiconductors has damped over the past months, increasing investments and technological advancements should keep the industry afloat in the long run. Therefore, fundamentally strong semiconductor stocks Taiwan Semiconductor Manufacturing (TSM), STMicroelectronics (STM), and Photronics (PLAB) might be solid buy-and-hold options. Keep reading.

Reuters

Biden administration imposes China chip curbs on Macau

The Biden administration on Tuesday hit Macau with sweeping new export controls it previously imposed on shipments of advanced chips and chipmaking equipment to Beijing, flagging the risk that the technology could be diverted from the region to the rest of China.

The Independent UK

Biden to host Netherlands PM for talks on tech, Ukraine

President Joe Biden is set to host Dutch Prime Minister Mark Rutte for talks

Tribune News Service

Econometer: Should the US subsidize chip making?

U.S. lawmakers approved about $76 billion in government subsidies this summer for American semiconductor production.

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