Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. Historically, silver and gold, both considered precious metals, are often influenced by similar market conditions. Due to this similarity, both can exhibit similar price movements, with silver prices often following the trends of gold prices.
Google has apologized to the Indian Prime Minister and called its AI platform Gemini ‘unreliable’ after a controversy erupted. The government had raised concerns over the ‘unsubstantiated’ results provided by Gemini in response to a query about PM Modi.
Electronics exports from Tamil Nadu have skyrocketed to $7.37 billion, reflecting the state’s success in the industry. This growth is a testament to Tamil Nadu’s thriving electronics sector.
Tamil Nadu is targeting to become a $1 trillion economy by 2030 and has set a roadmap for growth in sectors such as sustainable mobility, semiconductors, electronics, renewable energy, and GCCs. The state’s automotive industry is transitioning to alternative fuel technologies, while the focus on semiconductors aims to contribute 40% of India’s electronics exports. Tamil Nadu’s home-grown talent and historical leadership in renewable energy are additional drivers for growth.
Leading electronics company, Kaynes, has announced its plans to invest Rs 2,850 crore in its chip unit. This substantial investment is expected to boost the company’s presence in the technology sector.
The upcoming festive season sales are expected to bring the steepest online discounts since Covid, up to 60% in certain categories, with several ecommerce majors indicating a push to expand volumes. Walmart-owned Flipkart, Amazon India, Reliance Retail’s JioMart and Ajio, as well as Tata Neu are all expected to roll out attractive offers across categories such as smartphones, electronics, fashion, and fast-moving consumer goods. Executives of the brands selling online said a 10-20% higher budget from last year has been allocated for online promotions, including discounting, this year.
Apple has unexpectedly embraced the ‘right to repair’ movement, supporting a crucial piece of legislation in California. The proposed law aims to give consumers and third-party firms the right to fix damaged electronic products, benefiting users and protecting their privacy and security. Apple’s support is expected to ease concerns about industry compliance and make the bill more attractive to other states. The ‘right to repair’ movement aims to challenge the restrictions imposed by technology companies and enable consumers to repair devices on their own terms.
