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Overall market showed strong resilience today, which is likely to strengthen further as we head into the result season and more companies announce their business updates, said Siddhartha Khemks, head of retail research of Motilal Oswal Financial Services. | The market exhibited resilience today, which is expected to continue during the result season as companies release business updates. |
New Delhi, Jan 2 IANS Vodafone Idea NS VODA on Tuesday denied reports that it is in talks with Tesla NASDAQ TSLA and SpaceX CEO Elon Musk for managing its affordable satellite-based Internet service Starlink in India. Meanwhile, Vodafone Idea is geared up to make significant investments to roll out 5G networks and further expand 4G coverage in India. | Vodafone Idea denies talks with Elon Musk for Starlink management in India, focusing on 5G and 4G expansion. |
NEW YORK - Hess Corporation NYSE NYSE HES , an independent global energy company, has announced it will publish its fourth quarter earnings report on January 31. | Hess Corporation, an independent global energy company, will release its fourth quarter earnings report on January 31. |
The price of 22-carat gold fell Rs 600 to Rs 53,900.The price of ten grams of 24-carat gold in Mumbai is at par with the prices in Kolkata and Hyderabad at Rs 58,800.The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 58,950, Rs 58,800, and Rs 59,020, respectively. The price of ten grams of 22-carat gold in Mumbai is at par with that of gold in Kolkata and Hyderabad, at Rs 53,900.The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 54,050, Rs 53,900, and Rs 54,100, respectively. | The price of 22-carat gold fell by Rs 600 to Rs 53,900, while the price of 24-carat gold remained stable at Rs 58,800 in Mumbai, Kolkata, and Hyderabad. In Delhi, Bengaluru, and Chennai, the price of 24-carat gold was slightly higher, ranging from Rs 58,950 to Rs 59,020, and the price of 22-carat gold was also slightly higher, ranging from Rs 54,050 to Rs 54,100. |
The Nifty Metal index hit a fresh all-time high at 7,042.50 in trades on the Monday. | The Nifty Metal index reached an all-time high of 7,042.50 on Monday, driven by strong performance in the metal sector. |
It also manages investments for external parties through its wholly owned portfolio company, MSC Adviser I, LLC, which is registered as an investment adviser. | MSC manages investments for external parties through its subsidiary, MSC Adviser I, LLC, which is registered as an investment adviser. |
The facility is being established in response to the growing market demand for lithium-ion batteries, which are essential for powering electric vehicles and supporting the transition to renewable energy sources. | A new facility is being built to meet the increasing demand for lithium-ion batteries, which are crucial for electric vehicles and the shift to renewable energy. |
Besides the Chief Minister, present for these signing events were Industry Minister Uday Samant, top officials like Bhushan Gagrano, Brijesh Singh, Harshadeep Kamble, Vipin Sharma, Amol Shinde and others. | The signing events were attended by the Chief Minister, Industry Minister Uday Samant, and top officials including Bhushan Gagrano, Brijesh Singh, Harshadeep Kamble, Vipin Sharma, and Amol Shinde. |
New Delhi, Jan 17 IANS Rolls-Royce LON RR is all set to participate in the Wings India 2024 show to be held in Hyderabad starting from January 18.In focus of the event will be the Trent NS TREN family of engines for widebody aircraft, including the Trent XWB - the world s most efficient large aero engine in service. As airlines in India continue to expand both domestic and international air connectivity, we see strong potential for our Trent family of engines in addressing the requirements of the medium- and long-haul segments. The growing Indian civil aviation market may also find interest in the newest member of the Trent family, the Trent 7000 engine created specifically for the Airbus A330 neo, which has delivered exceptional reliability since it entered into service. Well-suited for medium to long-haul flights, the Trent 1000 specifically designed and optimised to power the Boeing NYSE BA 787 Dreamliner, has surpassed 17 million in-service flying hours since it entered into service in 2011.Its latest version is the TEN which stands for Thrust, Efficiency and New technology, reflecting the enhancements it delivers more thrust and better fuel burn, enabled by new technology.--IANSsan dan With its unique range capability, the Trent XWB currently flies the world's longest commercial route, demonstrating unmatched versatility and reliability. Last year, Rolls-Royce received a significant order for Trent XWB engines from Air India for its new A350 fleet of aircraft. This includes a strong supply chain partnership with Tata Advanced Systems Limited TASL for manufacturing around 300 parts for the Trent XWB engine, as well as several high-precision components for other Rolls-Royce civil aerospace engines, in India. All Trent engines have been tested and proven compatible with 100 per cent Sustainable Aviation Fuel SAF , in line with the company s commitment to enable the transition to cleaner power. The Trent XWB offers leading performance and noise levels along with a 15 per cent fuel consumption advantage over the first generation of Trent engines. | Rolls-Royce will showcase its Trent family of engines at Wings India 2024, including the Trent XWB, the world's most efficient large aero engine in service. The Trent family of engines is well-suited for the growing Indian civil aviation market, which is expanding both domestic and international air connectivity. |
The pharma major launched Bromfenac Ophthalmic Solution, 0.07 per cent in the US following US FDA s nod. | A pharma major has launched Bromfenac Ophthalmic Solution, 0.07% in the US after receiving approval from the US FDA. |
It features a patented ceiling plug-in outlet which allows for rapid installation and a suite of smart functions controlled via the SkyHome app and voice commands. | This device features a patented ceiling plug-in outlet for quick installation and smart functions controlled through the SkyHome app and voice commands. |
Balaji Amines, Geojit Financial Services, Jyothy Labs,Indiabulls Housing Finance | Balaji Amines, Geojit Financial Services, Jyothy Labs, and Indiabulls Housing Finance are all companies listed on the stock exchange. |
Max Life Insurance Company Limited - High Growth Fund, Max Life Insurance Company A C PAR, and Kotak Mahindra Life Insurance Company Limited - Classic Opportunities Fund have bought 2.27 million shares or 3.2 per cent stake in the microfinance lender, via open market transactions at an average price of Rs 765 per share. | Max Life Insurance, Max Life Insurance A C PAR, and Kotak Mahindra Life Insurance have acquired a 3.2% stake in the microfinance lender via open market transactions at an average price of Rs 765 per share, totaling 2.27 million shares. |
Bharti Airtel delivered encouraging results for the January-March quarter of the 2022-23 financial year Q4FY23 as telecom and associated services moved into the 5G zone. | Bharti Airtel reported strong Q4FY23 results, driven by the adoption of 5G services and growth in telecom and associated services. |
By 03 25 ET, the U.S. crude futures traded 0.2 higher at $72.35 a barrel, while the Brent contract climbed 0.1 to $77.70 a barrel. Investing.com - European stock markets edged largely lower Wednesday amid caution ahead of key U.S. inflation data, even after the release of better-than-expected French industrial production. Oil prices edged higher Wednesday, extending the recent rebound as Middle East supply disruptions persisted while industry data pointed to mixed U.S. inventories. Data from the American Petroleum Institute, released late Tuesday, showed that U.S. crude stockpiles fell by a larger-than-expected 5.2 million barrels in the week to January 5.But the API data also showed another week of strong builds in gasoline and distillates inventories, raising doubts over demand from the world s largest fuel consumer. Elsewhere, Australian inflation took a further move lower, which brings Thursday's U.S. consumer prices in focus, where a slowdown is also anticipated and needed to avoid a sharp selloff given a series of U.S. rate cuts are priced in for this year. | Oil prices rose on Wednesday due to ongoing supply disruptions in the Middle East and mixed US inventory data. European stock markets declined ahead of key US inflation data, which is expected to show a slowdown. |
Concurrently, Tokyo Metro is on track for a $5 billion offering, having secured the green light from Japan's Transport Ministry. | Tokyo Metro is set to raise $5 billion through an offering, approved by Japan's Transport Ministry. |
However, this followed on from the equivalent data from Germany, released on Tuesday, falling on a month-on-month basis for the sixth month in a row, as the eurozone s largest economy continued to struggle in the face of high energy prices and elevated interest rates. At 03 25 ET 08 25 GMT , the DAX index in Germany traded largely flat, the CAC 40 in France traded down 0.1 and the FTSE 100 in the U.K. fell 0.2 .Data released earlier Wednesday showed that French industrial production rose 0.5 on the month in November, more than expected. | European markets were mixed on Wednesday, with Germany's DAX flat, France's CAC 40 down 0.1%, and the UK's FTSE 100 down 0.2%. This followed data showing that German industrial production fell for the sixth month in a row, while French industrial production rose 0.5% in November. |
He further stated that JSW is rapidly expanding in India and aims to further grow its presence in the state. As a leading private sector power company in India, it has an operational capacity of 4,559 MW and is the country s largest Independent Hydro Power Producer IPP .JSW Neo Energy, a wholly-owned subsidiary of JSW Energy that focuses on renewable and new energy solutions, will be responsible for setting up the proposed project in Telangana. The Chief Minister further stated that JSW is a key partner for the state in its journey towards clean and green energy and the Government is keen to collaborate with JSW for their future projects in India. | JSW Energy, India's largest Independent Hydro Power Producer (IPP), plans to set up a renewable energy project in Telangana through its subsidiary JSW Neo Energy. The company aims to expand its presence in the state and contribute to its clean energy goals. |
Power Grid, on Monday, reported a 5 per cent year-on-year YoY fall in consolidated net profit to Rs 3,597 crore in the first quarter of FY24. | Power Grid's consolidated net profit declined by 5% YoY to Rs 3,597 crore in Q1 FY24. |
Establishment Labs is known for its innovative Femtech solutions, including the Motiva devices for breast health and reconstruction, and is in the process of seeking U.S. FDA approval for its Motiva Implants .The information in this article is based on a press release statement. Juan Jos Chac n-Quir s, CEO of Establishment Labs, expressed optimism about the company's trajectory, citing stabilized demand and a potential return to growth in their current markets. NEW YORK - Establishment Labs Holdings Inc . | Establishment Labs, known for its Motiva breast implants and reconstruction devices, is seeking FDA approval for its Motiva Implants. CEO Juan José Chacón-Quirós expressed optimism about the company's trajectory, citing stabilized demand and potential growth in current markets. |
Kent Masters, Albemarle's CEO, stated that these actions support the company's near-term growth while preserving future opportunities as they navigate the dynamics of their key end-markets. | Albemarle's CEO, Kent Masters, announced actions to support near-term growth while preserving future opportunities in key end-markets. |
TORONTO - Alamos Gold Inc . The company is committed to sustainable development standards and trades on the TSX and NYSE under the symbol AGI.This article is based on a press release statement from Alamos Gold Inc.This article was generated with the support of AI and reviewed by an editor. | Alamos Gold Inc. (AGI), a TSX and NYSE-listed company, is dedicated to sustainable development. |
Boeing NYSE BA stock fell 2 after the FAA said it will intensify oversight of the company after a panel broke off a new 737 Max plane during a flight. The FAA expressed concerns Boeing has other manufacturing problems. | Boeing stock fell 2% after the FAA announced increased oversight due to a panel breaking off a new 737 Max plane during a flight, raising concerns about potential manufacturing issues. |
New Delhi, Jan 2 IANS Vodafone Idea NS VODA on Tuesday denied reports that it is in talks with Tesla NASDAQ TSLA and SpaceX CEO Elon Musk for managing its affordable satellite-based Internet service Starlink in India. After the clarification, Vodafone Idea s stock dropped over 4 per cent to Rs 16.20 on the Bombay Stock Exchange BSE .In September last year, Vodafone Idea had denied reports that it was in discussion to be acquired by Verizon NYSE VZ , Amazon NASDAQ AMZN or Starlink. Meanwhile, Vodafone Idea is geared up to make significant investments to roll out 5G networks and further expand 4G coverage in India. In a regulatory filing, Vodafone Idea had said the reports were incorrect. Vodafone Idea team has worked diligently to prepare the core network for 5G over the last year.--IANSna dpb | Vodafone Idea denied reports of talks with Elon Musk's Starlink for managing its satellite-based internet service in India, leading to a 4% drop in its stock price. |
AMSTERDAM - Stellantis N.V. NYSE STLA , a global automaker, has announced an investment in Tiamat, a French company specializing in sodium-ion battery technology, through its corporate venture fund Stellantis Ventures. To support these targets, the automaker is securing approximately 400 GWh of battery capacity and has already established supply agreements for EV raw materials through 2027.In addition to sodium-ion technology, Stellantis is exploring other energy storage solutions, including investments in solid-state batteries with Factorial Energy and lithium-sulfur chemistry with Lyten Inc. The company's broad approach to innovation in battery technology is part of its broader strategy to offer clean, safe, and affordable mobility. | Stellantis invests in Tiamat's sodium-ion battery technology, securing 400 GWh of battery capacity and exploring solid-state and lithium-sulfur solutions to support its clean mobility strategy. |
The replay will also be available as a downloadable MP3 podcast in the Investors section of the company's website. Additionally, a live webcast will be accessible on the Norfolk Southern website under the Investors tab. The company will release its earnings prior to the call, with details available on the Investors section of its website. | Norfolk Southern will release its earnings and host a conference call with a live webcast on its website. The replay will be available as an MP3 podcast in the Investors section of the company's website. |
Hecla Mining, established in 1891, is the largest silver producer in the United States, with operations in Alaska, Idaho, Quebec, and Yukon. | Hecla Mining, founded in 1891, is the largest silver producer in the US, operating in Alaska, Idaho, Quebec, and Yukon. |
Investing.com U.K. equities were lower at the close on Thursday, as losses in the Automobiles & Parts, Banking and Household Goods & Home Construction sectors propelled shares lower. | U.K. equities declined on Thursday, led by losses in the Automobiles & Parts, Banking, and Household Goods & Home Construction sectors. |
NASDAQ NASDAQ ESTA , a global medical technology company focused on women's health, has announced an agreement with institutional accredited investors for a private placement of common shares or pre-funded warrants, aiming to raise approximately $50 million. | NASDAQ-listed medical technology company focused on women's health, NASDAQ ESTA, has announced a private placement of common shares or pre-funded warrants to raise approximately $50 million from institutional accredited investors. |
Panasonic's expansion efforts are not just about scaling up production but also about innovation and efficiency. The Oklahoma plant will be dedicated to manufacturing the larger format 4680 cells, a strategic step in bolstering Panasonic's growth in the North American market. TOKYO - Panasonic OTC PCRFY is gearing up to significantly expand its electric vehicle EV battery production capabilities with an ambitious target to increase output fourfold by the year 2030. | Panasonic aims to quadruple its EV battery production by 2030, with a new Oklahoma plant dedicated to manufacturing larger 4680 cells, bolstering its growth in the North American market. |
The Union Minister asked Indian Inc. to organise free camps for regular eye check-ups for drivers as part of their corporate social responsibility. | The Union Minister urged Indian Inc. to organize free eye check-up camps for drivers as part of their CSR initiatives. |
He further stated that JSW is rapidly expanding in India and aims to further grow its presence in the state. As a leading private sector power company in India, it has an operational capacity of 4,559 MW and is the country s largest Independent Hydro Power Producer IPP .JSW Neo Energy, a wholly-owned subsidiary of JSW Energy that focuses on renewable and new energy solutions, will be responsible for setting up the proposed project in Telangana. The Chief Minister further stated that JSW is a key partner for the state in its journey towards clean and green energy and the Government is keen to collaborate with JSW for their future projects in India. | JSW Energy, India's largest Independent Hydro Power Producer (IPP), plans to set up a renewable energy project in Telangana through its subsidiary JSW Neo Energy. The company aims to expand its presence in the state and contribute to its clean energy goals. |
IFGL in an investor presentation said there is a huge export opportunity for India due to its low cost advantage & Centre aims at covering refractories in PLI 2.0 to support the steel industry. India s steel demand will show healthy growth on the back of strong urban consumption and infrastructure spending, which will also drive demand for capital goods and automobiles among other things. | India has a significant export opportunity in refractories due to its low cost advantage, with the government aiming to support the steel industry through PLI 2.0. India's steel demand is expected to grow due to urban consumption and infrastructure spending, driving demand for capital goods and automobiles. |
This initiative aims to enhance the energy efficiency of aircraft systems, including engines, to substantially reduce carbon dioxide emissions. | This initiative aims to enhance the energy efficiency of aircraft systems, including engines, to substantially reduce carbon dioxide emissions. |
Fujitsu Ltd. TYO 6702 declined 4.07 or 825.00 points to end at 19,460.00 and Daiichi Sankyo Co., Ltd. TYO 4568 shed 3.80 or 172.00 points to 4,352.00.Declining stocks outnumbered rising ones by 2498 to 1156 and 238 ended unchanged on the Tokyo Stock Exchange. | Fujitsu Ltd. and Daiichi Sankyo Co. declined by 4.07% and 3.80% respectively, leading to a decline in the Tokyo Stock Exchange, with declining stocks outnumbering rising ones by 2498 to 1156. |
Barclays PLC LON BARC declined 4.63 or 7.06 points to end at 145.58 and WPP PLC LON WPP shed 4.00 or 30.40 points to 729.00.Declining stocks outnumbered rising ones by 1310 to 786 and 375 ended unchanged on the London Stock Exchange. | Barclays PLC and WPP PLC experienced significant declines in their stock prices on the London Stock Exchange, with Barclays losing 7.06 points and WPP losing 30.40 points. Declining stocks outnumbered rising ones by a significant margin, with 1310 stocks declining compared to 786 rising stocks. |
David Michery, CEO and chairman of Mullen Automotive, highlighted the significance of the partnership with Phenix and Knapheide in developing this Class 3 solution, emphasizing its suitability for municipalities and utilities looking to transition from gas and diesel to electric vehicles, particularly in states with strong incentives for such a switch, like California. | Mullen Automotive, Phenix, and Knapheide collaborate to develop a Class 3 electric vehicle solution for municipalities and utilities seeking to transition from gas and diesel to electric vehicles, especially in states with incentives for such a switch. |
He said that the delegation s aim is to attract more investment and to achieve collaborations with other business partnersThe delegation includes L.K. Athiq Additional Chief Secretary to the Chief Minister, Ekarup Kaur, Secretary, ITBT, S. Selvakumar, Principal Secretary, Department of Commerce and Industry, Gunjan Krishna, Commissioner of Commerce and Industries, and Mahesh, CEO, Karnataka Industrial Area Development Board KIADB among others.--IANSmka dan | A delegation led by L.K. Athiq, Additional Chief Secretary to the Chief Minister, aims to attract investment and collaborate with business partners. |
This contrasts starkly with the U.S. market's projections, which include six prospective cuts. | The U.S. market anticipates six potential interest rate cuts, in contrast to the starkly different projections for other markets. |
As per the draft papers, Nova Agritech's initial share sale comprises a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale OFS component of up to 77,58,620 equity shares of shareholder Nutalapati Venkatasubbarao. Further, it will also use Rs 26.69 crore for funding of working capital requirement of Nova Agritech, Rs 56.74 crore for investment in Nova Agri Sciences, for funding working capital requirements and general corporate purposes. Agri-input manufacturer Nova Agritech, server maker Netweb Technologies India and sewerage solution provider EMS have received capital market regulator Sebi's approval to raise funds through initial public offerings. The proceeds from the fresh issue worth Rs 14.20 crore will be utilised for investment in its subsidiary Nova Agri Sciences for setting up a new formulation plant, Rs 10.49 crore for funding capital expenditure by Nova Agritech and towards the expansion of its existing formulation plant. | Nova Agritech, Netweb Technologies India, and EMS have received Sebi's approval for their IPOs. Nova Agritech's IPO comprises a fresh issue of equity shares worth up to Rs 140 crore and an OFS component of up to 77,58,620 equity shares. The proceeds from the fresh issue will be utilized for investment in its subsidiary Nova Agri Sciences, funding capital expenditure, and expansion of its existing formulation plant. |
According to BHEL, the equipment for the project will be manufactured at its Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur and Varanasi plants. As to the order size, BHEL said In excess of Rs 15,000 crore excluding taxes & duties. | BHEL will manufacture equipment for a project worth over Rs 15,000 crore at its plants in Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, and Varanasi. |
Gadkari said that in 2022 there have been 4.6 lakh road accidents, 1.68 lakh deaths and 4 lakh serious injuries. Addressing the CII National Conclave on Road Safety - Indian Roads 2030 - Raising the Bar of Safety Gadkari said that the latest report for 2022 shows that there has been a 12 per cent increase in road accidents and a 10 per cent increase in deaths in such mishaps resulting in a socio-economic loss of 3.14 per cent to GDP.As many as 60 per cent of these deaths are in the young age group of 18 to 35 years. New Delhi, Jan 16 IANS Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday said that road safety is the top-most priority of the Government with a target to reduce accident deaths by 50 per cent till 2030. | In 2022, India witnessed a 12% increase in road accidents and a 10% increase in fatalities, resulting in 1.68 lakh deaths and 4 lakh serious injuries. This has led to a socio-economic loss of 3.14% to GDP, with 60% of deaths occurring in the 18-35 age group. |
The partnership, which utilizes Sensormatic's RFID technology, has reportedly achieved up to 99 inventory accuracy in U.S. retail stores. | Sensormatic's RFID technology has helped a partnership achieve 99% inventory accuracy in U.S. retail stores. |
Meanwhile, the company has reportedly appointed Vinay Lakhotia as the Chief Financial Officer with effect from 1 October, 2023. | Vinay Lakhotia has been appointed as the Chief Financial Officer of the company, effective October 1, 2023. |
IFGL in an investor presentation said there is a huge export opportunity for India due to its low cost advantage & Centre aims at covering refractories in PLI 2.0 to support the steel industry. India s steel demand will show healthy growth on the back of strong urban consumption and infrastructure spending, which will also drive demand for capital goods and automobiles among other things. | India has a significant export opportunity in refractories due to its low cost advantage, with the government aiming to support the steel industry through PLI 2.0. India's steel demand is expected to grow due to urban consumption and infrastructure spending, driving demand for capital goods and automobiles. |
Overnight, the Dow and S&P 500 finished the session lower by 0.5 per cent and 0.3 per cent, respectively. | The Dow and S&P 500 declined by 0.5% and 0.3%, respectively, in the overnight session. |
The Chakan plant s second phase is expected to significantly enhance Belden's manufacturing capabilities, allowing the company to better serve both domestic and international markets. Dr. Ashish Chand, President and CEO of Belden, emphasized the company's strategy to source raw materials locally and to position the facility as a key export hub. This initiative is part of Belden's ongoing efforts to deliver infrastructure for a digital journey that is simpler, smarter, and secure. Brian Lieser, EVP of Industrial Automation Solutions at Belden, commented on the expansion, highlighting the company s dedication to evolving market needs and its contribution to the growth of the automation and smart infrastructure industries. The enhanced facility will produce advanced Ethernet switches and firewalls, connectivity solutions, and various industrial application assemblies, reinforcing Belden s global presence. The information in this article is based on a press release statement from Belden Inc.This article was generated with the support of AI and reviewed by an editor. PUNE, India - Belden Inc . | Belden Inc.'s Chakan plant's second phase will enhance manufacturing capabilities, allowing the company to better serve domestic and international markets. The facility will produce advanced Ethernet switches, firewalls, connectivity solutions, and various industrial application assemblies, reinforcing Belden's global presence. |
The French chemical company joined other strategic investors, including Stellantis NYSE STLA Ventures and MBDA, in Tiamat's recent €22 million funding round. | French chemical company, along with Stellantis Ventures and MBDA, invested €22 million in Tiamat's recent funding round. |
JBM Auto and its subsidiaries have won orders for nearly 5000 electric buses to supply to various state transport undertakings STUs in the states of Gujarat, Haryana, Delhi, Telangana, Orissa among others, and multiple Fortune 500 companies coupled with leading corporates of the country. | JBM Auto and its subsidiaries have secured orders for approximately 5000 electric buses from various state transport undertakings (STUs) and Fortune 500 companies in Gujarat, Haryana, Delhi, Telangana, Orissa, and other states. |
Manappuram Finance's stock plummeted 7.5 on the National Stock Exchange NSE and 4.47 on the Bombay Stock Exchange BSE , hitting a daily low of Rs 163.4.The IPO delay represents a setback for Manappuram Finance, which had increased its stake in Asirvad Micro Finance in June 2022, securing a majority holding as part of its broader diversification strategy. | Manappuram Finance's stock fell 7.5% on NSE and 4.47% on BSE due to the delay in its IPO, which is a setback for its diversification strategy involving a majority stake in Asirvad Micro Finance. |
Martin Nilsson Jacobi, President and CEO of Chalmers University of Technology, and Annika Olsson, Professor and Dean of Faculty of Engineering at Lund University, both expressed enthusiasm for the collaboration with Volvo Group. | Chalmers University of Technology and Lund University are collaborating with Volvo Group, as expressed by their respective leaders, Martin Nilsson Jacobi and Annika Olsson. |
Gross domestic product grew 5.2 year-on-year in the three months to the end of last year, weaker than expectations for growth of 5.3 , while GDP grew 1 quarter-on-quarter, as expected, but slowed from the prior quarter s reading of 1.3 .In the corporate sector, Renault EPA RENA stock rose 1.8 despite the car manufacturer posting an increase in its annual global sales volumes, returning to growth after four consecutive years of decline. | Gross domestic product (GDP) grew 5.2% year-on-year and 1% quarter-on-quarter in the three months to the end of last year, slightly below expectations. Despite posting an increase in annual global sales volumes, Renault's stock rose 1.8%. |
Overall market showed strong resilience today, which is likely to strengthen further as we head into the result season and more companies announce their business updates, said Siddhartha Khemks, head of retail research of Motilal Oswal Financial Services. | The market exhibited resilience today, which is expected to continue during the result season as companies release business updates. |
SANTA CLARA, Calif. - In a move to expand its payment solutions, Shift4 NYSE FOUR , a prominent integrated payments and commerce technology provider, has selected MagicCube's i-Accept as its preferred software-based point of sale softPOS system. MagicCube is recognized as a leader in the Software Defined Trust SDT category with its virtual Trusted Execution Environment vTEE platform. This partnership, announced today, enables Shift4's merchant network to process secure contactless payments directly on Android devices.i-Accept, developed by MagicCube, converts any Android smartphone or tablet into a payment terminal capable of handling Tap-to-Pay transactions, including those requiring a PIN. Sam Shawki, CEO and co-founder of MagicCube, said the company's technology simplifies compliance with payment card industry PCI standards while offering a flexible and consumer-friendly payment option. | Shift4 has partnered with MagicCube to integrate i-Accept, a software-based point of sale system, into its payment solutions. This partnership allows Shift4's merchants to process secure contactless payments directly on Android devices, simplifying PCI compliance and providing a flexible payment option. |
Overnight, the Dow Jones slipped 0.13 per cent, the S&P 500 ticked higher by 0.12 per cent, while the Nasdaq Composite inched up by 0.07 per cent. | Overnight, the Dow Jones fell 0.13%, while the S&P 500 and Nasdaq Composite rose slightly by 0.12% and 0.07%, respectively. |
According to the official spokesman, the conference will primarily focus on sensitising industry stakeholders on various incentives offered by the Government of Uttar Pradesh through its Industrial Policy and the Pharmaceutical Policy 2023.The event will also highlight the opportunities in pharmaceutical research and manufacturing, particularly in the upcoming Pharma Park in Lalitpur district and other parks. The conference will demonstrate several measures being taken by GoUP to attract healthcare and pharmaceutical companies to the state by rapidly boosting the infrastructure required for the industry and the irresistible incentives for setting up their manufacturing and R&D facilities in the state. Currently, there are nine pharma parks and clusters located in GB Nagar, Ghaziabad, Kanpur Nagar, Lucknow, Meerut and Moradabad, with nearly 400 formulation units, 41 bulk drug units, 91 cosmetic units, 122 medical devices manufacturing units in Uttar Pradesh. | The conference will focus on sensitizing industry stakeholders on incentives offered by the Government of Uttar Pradesh through its Industrial Policy and the Pharmaceutical Policy 2023. The event will highlight opportunities in pharmaceutical research and manufacturing, particularly in the upcoming Pharma Park in Lalitpur district and other parks. |
The debate over the meaning of Australia Day has intensified, with figures like Craig Kelly and Peter Dutton voicing their disapproval of the supermarkets' decision to halt sales of related merchandise. | The debate over the meaning of Australia Day has intensified, with figures like Craig Kelly and Peter Dutton voicing their disapproval of the supermarkets' decision to halt sales of related merchandise. |
Kent Masters, Albemarle's CEO, stated that these actions support the company's near-term growth while preserving future opportunities as they navigate the dynamics of their key end-markets. | Albemarle's CEO, Kent Masters, announced actions to support near-term growth while preserving future opportunities in key end-markets. |
The company represents CNH Industrial NYSE CNHI Brands including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital. The deal, which closed on Wednesday, adds one full-line Case IH and New Holland Agriculture dealership to Titan's portfolio. | CNH Industrial, represented by brands like Case IH and New Holland Agriculture, has sold one full-line dealership to Titan Machinery. |
Analysts at Jefferies raised the rating to Buy from Hold with a price target of $112 per share, up from the prior $73. | Jefferies analysts upgraded the stock to Buy from Hold, raising the price target from $73 to $112 per share. |
The discovery was made at the Mopane-1X well within Petroleum Exploration License 83 PEL 83 , where Sintana holds an indirect 49 interest through its stake in Custos Energy Pty Ltd.Galp Energia, the operator of PEL 83, along with partners NAMCOR and Custos, drilled and logged the Mopane-1X well, confirming the presence of a considerable column of light oil in high-quality reservoir-bearing sands. | Sintana holds a 49% indirect interest in PEL 83 through Custos Energy Pty Ltd, where Galp Energia, the operator, confirmed the presence of a considerable column of light oil in high-quality reservoir-bearing sands at the Mopane-1X well. |
Separately, the company said JBM Electric Vehicles Private Limited, a subsidiary of the company, has commenced its commercial operation at its new Electric Buses manufacturing plant situated at Haryana. | JBM Electric Vehicles Private Limited, a subsidiary of the company, has commenced commercial operations at its new Electric Buses manufacturing plant in Haryana. |
At the close in NSE, the Nifty 50 declined 2.09 , while the BSE Sensex 30 index fell 2.23 .The biggest gainers of the session on the Nifty 50 were Apollo Hospitals Enterprises Ltd. NS APLH , which rose 1.19 or 70.45 points to trade at 5,975.00 at the close. | The Nifty 50 and BSE Sensex 30 indices declined by 2.09% and 2.23%, respectively, at the close of trading in NSE. Apollo Hospitals Enterprises Ltd. was the biggest gainer on the Nifty 50, rising by 1.19% to close at 5,975.00. |
To address the delinquency, ETAO can request an appeal to a Hearings Panel as per the Nasdaq Listing Rule 5800 Series procedures. Following the hearing, the Panel will decide whether to grant an extended stay of delisting, with a conclusion expected no later than 15 calendar days after the deadline to request further stay. | ETAO can appeal to a Hearings Panel for an extended stay of delisting under Nasdaq Listing Rule 5800 Series procedures, with a decision expected within 15 calendar days of the request. |
Meanwhile, Muthoot Fincorp's subscription begins on January 12.The proceeds from the issue will be used for interest payment on existing borrowings, further lending, business operations and expansion plans. Similarly, Muthoot Fincorp is looking at Rs 300 crore. These NBFCs include, Muthoot Fincorp, Kosamattam Finance,, and Edelweiss Financial Services. | Muthoot Fincorp's subscription begins on January 12th, with proceeds used for interest payments, lending, and expansion plans. Other NBFCs, including Kosamattam Finance and Edelweiss Financial Services, are also seeking funds. |
The partnership will enable Groupe Trecobat to enhance its low-carbon strategy by utilizing Hoffmann's clinker-free cements in the construction of its Trecobat Green homes, designed to offer comfort while respecting environmental standards. With a strong market presence in western France and €203 million in sales by 2023, Groupe Trecobat's decision to adopt Hoffmann Green's cement solutions underscores a shared commitment to sustainable construction practices. They see this alliance as an acceleration of their diversification strategy and a reinforcement of their position in the eco-responsible construction sector. | Groupe Trecobat partners with Hoffmann Green to enhance its low-carbon strategy by utilizing clinker-free cements in its Trecobat Green homes, reinforcing its position in the eco-responsible construction sector with €203 million in sales by 2023. |
Shares of these three companies will be listed on BSE and NSE. | Shares of three unnamed companies will be traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). |
The CEO of Aelis Farma, Pier Vincenzo Piazza, stated the company's commitment to continuing its roadmap with the aim of providing an effective treatment for cannabis addiction. BORDEAUX - Aelis Farma, a biopharmaceutical company, has announced the completion of patient recruitment for its Phase 2b clinical trial, which is investigating AEF0117, a potential treatment for cannabis use disorder CUD . Initial results from the trial are expected by the end of the second quarter of 2024.Professor Frances Levin from Columbia University, the principal investigator of the study, expressed gratitude toward the participants and medical teams involved and highlighted the demand for treatment options for CUD.In preparation for a potential Phase 3 study, Aelis Farma has also conducted parallel toxicology studies, which have reportedly confirmed AEF0117's favorable safety profile as observed by the independent Data Safety Monitoring Board for the initial 115 patients. Additionally, Aelis Farma has an exclusive option and license agreement with Indivior PLC for the development and commercialization of AEF0117, which could lead to significant financial benefits for Aelis Farma upon successful advancement of the drug. This news is based on a press release statement from Aelis Farma. | Aelis Farma has completed patient recruitment for its Phase 2b clinical trial investigating AEF0117, a potential treatment for cannabis use disorder (CUD). Initial results are expected by the end of the second quarter of 2024. |
The trading volume for TC Energy was reported at 7 million shares, indicating a relatively calm day for the company's stock. Meanwhile, TC Energy Corporation, a major energy company, saw its stock value dip by a narrow margin of 0.11 , ending the day at $53.30. Shares of the Royal Bank of Canada NYSE RY saw a slight uptick, while TC Energy Corporation NYSE TRP experienced a minor decrease. | TC Energy's stock price fell slightly by 0.11% to $53.30, with a trading volume of 7 million shares. |
Meanwhile, Citi has chosen a more cautious route, limiting access to institutional clients, and Merrill Lynch is taking a wait-and-see approach, evaluating the performance before making a decision on their offerings. | Citi and Merrill Lynch are taking cautious approaches to offering cryptocurrencies, with Citi limiting access to institutional clients and Merrill Lynch evaluating performance before making a decision. |
SEATTLE - Alaska Airlines has suspended operations of its Boeing 737-9 MAX fleet until Saturday after an in-flight incident on Sunday, January 5, led to a Federal Aviation Administration FAA order for a nationwide grounding. | Alaska Airlines has suspended operations of its Boeing 737-9 MAX fleet until Saturday due to an in-flight incident on Sunday, January 5, which led to a nationwide grounding order by the FAA. |
Shares of Swan Energy rallied 7.48 per cent to close at Rs 563.60 per piece on the NSE.Swan Energy on Thursday said it has formally taken over management control of Reliance Naval & Engineering. The acquisition of Reliance Naval marks the company's entry into the shipbuilding, ship repairing, and heavy fabrication industry. | Swan Energy shares surged 7.48% to Rs 563.60 after the company took over Reliance Naval & Engineering, marking its entry into shipbuilding and heavy fabrication. |
The company is considering additional geophysics to prioritize drilling targets for 2024.The Colchester project is part of the larger Springdale property, which hosts numerous historic copper and gold deposits and showings. | The Colchester project, part of the Springdale property, is considering additional geophysics to prioritize drilling targets for 2024 due to its numerous historic copper and gold deposits and showings. |
IndusInd Bank, ICICI Prudential Life Insurance, ICICI Lombard, Polycab India, L&T Tech, CIE Automotive, TV18 Broadcast, Network18 Media, Heidelberg Cement, among others will report the April-June quarter results of fiscal year 2023-24 Q1FY24 .The private sector lender reported a rise in net profit of 30 per cent year-on-year YoY to Rs 11,952 crore in Q1FY24 on the back of steady loan growth and treasury gains. | IndusInd Bank reported a 30% YoY rise in net profit to Rs 11,952 crore in Q1FY24 due to loan growth and treasury gains. |
IndusInd Bank, ICICI Prudential Life Insurance, ICICI Lombard, Polycab India, L&T Tech, CIE Automotive, TV18 Broadcast, Network18 Media, Heidelberg Cement, among others will report the April-June quarter results of fiscal year 2023-24 Q1FY24 .The private sector lender reported a rise in net profit of 30 per cent year-on-year YoY to Rs 11,952 crore in Q1FY24 on the back of steady loan growth and treasury gains. | IndusInd Bank reported a 30% YoY rise in net profit to Rs 11,952 crore in Q1FY24 due to loan growth and treasury gains. |
Lastly, Tesla has also announced a temporary halt in production at its plant near Berlin, scheduled from January 29 to February 11. | Tesla has temporarily halted production at its Berlin plant from January 29 to February 11. |
Vinod Nair, Head of Research, Geojit Financial Services said the weakness in global indices continued to weigh down the domestic indices with every up move. | Global indices' weakness continues to impact domestic indices, hindering upward momentum. |
He said that the delegation s aim is to attract more investment and to achieve collaborations with other business partnersThe delegation includes L.K. Athiq Additional Chief Secretary to the Chief Minister, Ekarup Kaur, Secretary, ITBT, S. Selvakumar, Principal Secretary, Department of Commerce and Industry, Gunjan Krishna, Commissioner of Commerce and Industries, and Mahesh, CEO, Karnataka Industrial Area Development Board KIADB among others.--IANSmka dan | A delegation led by L.K. Athiq, Additional Chief Secretary to the Chief Minister, aims to attract investment and collaborate with business partners. |
The market value of Borouge amounted to more than AED 74.5 billion Emaar Properties AED 68.1 billion Abu Dhabi Commercial Bank AED 64.6 billion PureHealth Holdings AED 62 billion ADNOC Drilling AED60 billion ADNOC Distribution AED 45.7 billion Dubai Islamic Bank AED41.7 billion and Aldar Properties AED 41.6 billion. | Borouge holds the highest market value of AED 74.5 billion, followed by Emaar Properties (AED 68.1 billion) and Abu Dhabi Commercial Bank (AED 64.6 billion). |
The news of this transaction is based on a press release statement from Sandvik. He highlighted that the delivery of these high-performance surface drill rigs is anticipated to reinforce Sandvik's market position in surface drilling solutions. This strategic order aligns with Sandvik's focus on enhancing its product offerings with intelligent and automated solutions, catering to the evolving needs of the mining and construction industries. A notable aspect of the new equipment is the inclusion of automation features, with some rigs being equipped with Sandvik AutoMine readiness. Sandvik, headquartered in Stockholm, is known for its commitment to engineering innovation and has a global presence in more than 160 countries. STOCKHOLM - Sandvik AB, a high-tech engineering group, has announced receiving its largest order ever for surface drill rigs, worth SEK 248 million. Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction with the expansion of their partnership with Country Boy Supply. | Sandvik AB, a high-tech engineering group, has received its largest order ever for surface drill rigs, worth SEK 248 million, from Country Boy Supply. The delivery of these high-performance surface drill rigs is anticipated to reinforce Sandvik's market position in surface drilling solutions. |
Investing.com U.K. equities were lower at the close on Thursday, as losses in the Automobiles & Parts, Banking and Household Goods & Home Construction sectors propelled shares lower. | U.K. equities declined on Thursday, led by losses in the Automobiles & Parts, Banking, and Household Goods & Home Construction sectors. |
One such company, W. P. Carey Inc. NYSE WPC , mirrors this cautious optimism with analysts anticipating sales growth and an impressive gross profit margin of 92.39 over the last twelve months as of Q3 2023. With the company's liquid assets exceeding short-term obligations and a strong return of 25.02 over the last three months, W. P. Carey Inc. stands as a testament to the strategic planning echoed in the sentiments from the J.P. Morgan survey. For those looking to delve deeper into the financial intricacies of companies like W. P. Carey Inc., InvestingPro offers an array of additional tips. InvestingPro Tips highlight that W. P. Carey Inc. has maintained dividend payments for an impressive 26 consecutive years and is predicted to remain profitable this year, underpinning the resilience and financial strength that German business leaders are striving for. | W. P. Carey Inc. (NYSE: WPC) exhibits cautious optimism with projected sales growth and a 92.39% gross profit margin. The company's strong financial position, including liquid assets exceeding short-term obligations and a 25.02% return over the past three months, aligns with the strategic planning emphasized by German business leaders. |
David Hart, previously the President and Chief Operating Officer, expressed his gratitude towards Vita for his foundational work and is eager to lead the company into its next phase, focusing on balance sheet strength, wholesale expansion, and organic growth. Channon, an expert in digital marketing and transformative technologies, joined the company in December 2019.Nicholas Vita, who co-founded The Cannabist Company in 2012 and has been at the helm for over a decade, oversaw the company's growth to over $500M in annual revenue and expansion into 16 integrated markets in the U.S. Vita is shifting his focus to research for ultrarare pediatric diseases through gene therapy but will continue to support the company as a Board member. The reshuffle comes as Nicholas Vita, co-founder of the company, retires from his CEO position but remains on the Board of Directors. | David Hart, former President and COO, has taken over as CEO of The Cannabist Company, succeeding Nicholas Vita, who co-founded the company in 2012 and led it to over $500M in annual revenue. Vita will continue to support the company as a Board member while focusing on research for ultrarare pediatric diseases through gene therapy. |
During the summit, the Chief Minister had discussions with representatives from Japanese companies, including Jetro, Denso Corporation, Maruti Suzuki, Yamanashi Hydrogen, Air Water Company, Toyotsu Ambika Automotive Safety, JCCII India, and representatives from the US, including Blackstone NYSE BX , UPS Logistics Company, and Microsoft. During the summit, the Chief Minister also held a meeting with Puneet Chandok, president, Microsoft NASDAQ MSFT India, and his delegation. | During the summit, the Chief Minister met with representatives from Japanese companies like Jetro, Denso Corporation, and Maruti Suzuki, as well as US companies like Blackstone, UPS Logistics Company, and Microsoft. He also held a meeting with Puneet Chandok, president of Microsoft India. |
Maruti Suzuki India, on the other hand, reported its highest ever monthly sales in September 2023 at 181,343 units, up about 3 per cent YoY.Prime Minister Narendra Modi will address a public meeting in Jagdalpur city in poll bound Chhattisgarh today, and will dedicate to the nation and lay foundation stones of several projects worth Rs 26,000 crore, including the NMDC's steel plant. | Maruti Suzuki India reported its highest monthly sales in September 2023 at 181,343 units, up 3% YoY. Prime Minister Narendra Modi will address a public meeting in Jagdalpur, Chhattisgarh, and dedicate projects worth Rs 26,000 crore, including the NMDC's steel plant. |
The real estate firm has formalised a joint development agreement JDA with Krishna Priya Estates Private Ltd and Micro Labs Ltd to develop approximately 2 million square feet of residential housing in Yelahanka, North Bengaluru, boasting a Gross Development Value GDV of Rs 2,100 crore. | A real estate firm has partnered with Krishna Priya Estates and Micro Labs to develop 2 million square feet of residential housing in Yelahanka, North Bengaluru, with a GDV of Rs 2,100 crore. |
Nonetheless, the shortfall remains significant in arhar, soybean, and cotton crops, primarily due to insufficient rains in Maharashtra and Karnataka the two major cultivators of these crops. | Arhar, soybean, and cotton crops in India face a significant shortfall due to insufficient rainfall in Maharashtra and Karnataka, the primary cultivators of these crops. |
The MoU was inked in presence of Adani Group Founder & Chairman Gautam Adani and Chief Minister Eknath Shinde at the ongoing World Economic Forum, Davos. | Adani Group and the Maharashtra government signed an MoU at the World Economic Forum in Davos, witnessed by Gautam Adani and Chief Minister Eknath Shinde. |
COLOMBES, France - Arkema, a global player in specialty materials, has announced its investment in Tiamat, a startup specializing in sodium-ion battery technology. Tiamat, established in 2017 and a spin-off from France's CNRS Centre National de la Recherche Scientifique , focuses on the development and commercialization of sodium-ion batteries, an alternative to lithium-ion batteries. The investment will support Tiamat's ambition to construct a 5 GWh Giga-factory in France dedicated to sodium-ion battery cell production. | Arkema invests in Tiamat, a sodium-ion battery startup, to support the construction of a 5 GWh Giga-factory in France. |
It is a Mini Ratna Category-I Central Public Sector Enterprise, wholly-owned by the Government of India and under the administrative control of the Ministry of Railways. | Rail Vikas Nigam Limited (RVNL) is a Mini Ratna Category-I Central Public Sector Enterprise under the Ministry of Railways. |
This article was generated with the support of AI and reviewed by an editor. This development comes as a significant step, especially considering the current long-acting injectable LAI olanzapine carries an FDA black box warning for Post injection Delirium Sedation Syndrome PDSS , which has limited its use. Teva is leading the development and will handle the global commercialization of this olanzapine LAI. | Teva is developing a new long-acting injectable olanzapine LAI that does not carry the FDA black box warning for Post injection Delirium Sedation Syndrome (PDSS), unlike the current LAI olanzapine. Teva will lead the development and global commercialization of this new LAI. |
The European Commission has recognized copper as a Strategic Raw Material, and the region offers a favorable environment for mining investments, with good infrastructure and a supportive professional community. | The European Commission has recognized copper as a Strategic Raw Material, and the region offers a favorable environment for mining investments, with good infrastructure and a supportive professional community. |
HSINCHU, Taiwan - SemiLEDs Corporation NASDAQ LEDS , a global provider of LED chips and components, announced a reduced net loss and improved gross margins in its financial results for the first quarter of fiscal year 2024, which ended on November 30, 2023.The company reported an increase in revenue to $1.6 million for the first quarter, up from $1.5 million in the previous quarter. | SemiLEDs Corporation reported a reduced net loss and improved gross margins in Q1 of fiscal year 2024, with revenue increasing to $1.6 million from $1.5 million in the previous quarter. |
The company also noted that its office and factory in Chunan will be closed for the Chinese New Year holiday, starting February 3, 2024, and will resume operations on February 19, 2024.SemiLEDs specializes in manufacturing LED chips and components for various applications, including general lighting, UV curing, and specialty industrial uses. | SemiLEDs, a manufacturer of LED chips and components, will close its Chunan office and factory for the Chinese New Year holiday from February 3-19, 2024. |
Despite the environmental challenges and China's stringent measures to curb Bitcoin mining in an effort to achieve financial stability and carbon neutrality by 2060, the United States, China, Kazakhstan, Canada, and Russia continue to be prominent players in the global cryptocurrency mining landscape. | Despite China's efforts to curb Bitcoin mining, the US, China, Kazakhstan, Canada, and Russia remain major players in the global cryptocurrency mining landscape. |
Universal Autofoundry Limited is a global manufacturer and exporter specialising in the production of Grey Iron, Ductile Iron, and SG Iron Casting. | Universal Autofoundry Limited is a global manufacturer and exporter specializing in the production of Grey Iron, Ductile Iron, and SG Iron Casting. |
Joint bookrunners for the offering include SMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and Truist Securities, Inc. Co-managers for the offering are Raymond NS RYMD James & Associates, Inc., TCBI Securities, Inc., and several other financial services firms. | SMBC Nikko Securities America, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and Truist Securities, Inc. are the joint bookrunners for the offering. Raymond James & Associates, Inc., TCBI Securities, Inc., and other financial services firms are the co-managers for the offering. |
Countries including China, Russia, and India have been active in the anti-dollar drive following Moscow's invasion of Ukraine especially after several Russian banks were as part of Western sanctions. An international movement against the dollar's global dominance, spearheaded by nations including China and Russia, has suffered a setback with the greenback's share of worldwide payments hitting a record high. | Following Russia's invasion of Ukraine, countries like China, Russia, and India have been actively opposing the dollar's dominance. However, the dollar's share of global payments has reached a record high, indicating a setback for the anti-dollar movement. |
The media sector has drawn more investor interest following the approval of a merger between Sony s South Asian unit and TV broadcaster Zee Entertainment Enterprises Ltd. last month. That s paved the way for the creation of a $10 billion media behemoth and sent Zee s shares which command a third of the sector gauge s weighting up 50 this quarter. | Sony's merger with Zee Entertainment has boosted investor interest in the media sector, leading to a 50% surge in Zee's shares, which account for a third of the sector's weighting. |
SYDNEY - Woolworths Group has confirmed that its W Caf outlets have transitioned to a cashless system, joining a growing number of retailers that are embracing electronic payments. | Woolworths Group's W Caf outlets have transitioned to a cashless system, joining the growing trend of retailers embracing electronic payments. |