ELECTRONIC EXPORTS
PM in Manila: Aligning act east, Indo-Pacific & MAHASAGAR policies
Prime Minister Narendra Modi will visit Manila for the ASEAN Summit, focusing on strengthening India's partnerships. The growing competition in the Indo-Pacific requires ASEAN countries to seek reliable collaborations with India. Maritime cooperation, educational exchanges, and renewable energy initiatives are critical areas for future collaboration.
Rupee outlook improves as foreign inflows return despite wider October trade deficit: Axis Bank
The Indian rupee has experienced relief in November as foreign portfolio investments returned and oil prices decreased. Despite a widening merchandise trade deficit of $40 billion in October, easing oil prices contributed positively. The increasing gold deficit indicated delayed festive demand, although overall import concerns remained limited. Exports grew significantly, particularly in petroleum products and electronics, which bolstered economic activity. Thus, the current account deficit remains manageable, alleviating currency pressures.
ET Prime Special Series: Multibagger or IBC – Part 84: Can rising demand for decorative features drive this auto ancillary's growth?
A car can change its engine and still look almost the same. It can also keep the same engine and look so different that buyers happily pay more for it. That is the peculiar corner of the automobile industry this story explores. For one listed supplier, the shift to EVs may be less threatening than it sounds. The bigger question is whether changing consumer preferences can help it build a more valuable business.
Five sectors account for 83% of India's record October merchandise export surge: Report
Exports from the five sectors - engineering goods, petroleum products, electronic goods, gems and jewellery, and organic and inorganic chemicals - increased 59.4 per cent to USD 34.37 billion in October, compared with USD 21.56 billion in the corresponding month last year.
October goods exports climb 45% to hit record $50 billion
India’s goods exports surged to $49.47 billion in October, marking a 45.06% increase from last year. The trade deficit reached $39.88 billion due to rising imports, particularly for oil and electronics. Petroleum and electronics sectors were significant contributors to this export growth, reflecting increasing global demand. While gold imports tripled month-on-month, they fell significantly year-on-year compared to 2025. Overall, exports, including services, reached a cumulative $568.
Japan's Nikkei set for biggest weekly gain in five months as AI optimism lifts sentiment
Japan’s Nikkei is headed for its biggest weekly gain in five months, supported by upbeat corporate earnings and renewed optimism around AI stocks. Semiconductor shares led the rally, offsetting concerns over Nvidia and uncertainty surrounding its leadership.
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Karnataka targets Rs 7.5 lakh crore investments, 20 lakh jobs by 2030; to host Global Investors Meet in April
The targets have been set under the state's Industrial Policy 2025-30, with Karnataka seeking investments in sectors such as semiconductors, aerospace, artificial intelligence, clean energy, life sciences and electric mobility.
Nvidia scandal puts China chip curbs back in focus as US lawmakers push tougher export restrictions
US lawmakers from both parties are pushing tougher restrictions on China's access to advanced AI chips following reports about former Nvidia CEO Jensen Huang's affair with a suspected Chinese spy. Congress is weighing measures to tighten export oversight, track advanced processors, pressure US allies and close remote-access loopholes.
PLI schemes achieve 76% of investment target, 64% of production goal: Niti Aayog
The production-linked incentive (PLI) scheme has achieved 76% of its investment target and 64% of its production target, with electronics, telecom and pharmaceuticals emerging as strong performers, Niti Aayog said. As of March 2026, the scheme had attracted ₹2.40 lakh crore in investments, generated production worth ₹22.66 lakh crore and created over 8.49 lakh jobs.
Electronics exports surge 44% in H1, but pricier chips widen deficit
Sectoral exports rose 44% year-onyear to $31.9 billion in April-September due to an increase in smartphone shipments, official data showed. However, electronics imports also widened 22% to $68.53 billion on account of pricier chip inflows. As a result, the absolute trade deficit in electronics stretched to $36.57 billion, up from $33.9 billion a year ago.
Centre bans export of Li-ion battery waste, scrap to boost domestic recycling and critical mineral recovery
India has imposed an immediate ban on the export of lithium-ion battery black mass to strengthen its local recycling ecosystem. This decision aims to enhance domestic recovery of critical minerals, such as lithium and cobalt, which are vital for technology and energy sectors. The prohibition will ensure that battery waste generated in India is processed locally and improves utilization of recycling capacities.
Xiaomi eyes local partners; Electronics firms target AI infra
Xiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
China's rare earth export value surges 46.4% to $584.3 million despite decline in volumes
China's exports of rare earth ores and metals increased significantly in value during the January to October 2026 period. Despite the value increase, export volumes saw a decline of 8.7 percent in the same timeframe. China's export value for refined petroleum products also rose sharply, while quantities fell slightly during these months. In contrast, the export of fertilizers experienced a notable decline both in value and volume.
UAE launches digital ATA Carnet system, becoming first country outside Europe to adopt paperless customs process
The United Arab Emirates (UAE) has launched the eATA Carnet system, becoming the first country outside Europe to adopt the digital customs facility. Rolled out on November 9, 2026, with support from Dubai Chambers, the system allows businesses to process temporary imports and exports electronically using digital declarations and QR codes.
Electronics Inc runs ops update to build AI infra
India’s electronics manufacturers are moving into AI data centre infrastructure, targeting optical transceivers, advanced packaging and specialised cooling systems. Dixon Technologies, Samsung, LG, Blue Star and PG Electroplast are exploring production opportunities as global demand rises. The shift could attract investment, improve margins and strengthen India’s position as an export hub.
China's trade surplus surpasses $1 trillion for a 2nd straight year, as exports surge 35%
Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported by high-tech goods like semiconductors and autos.
China’s high-tech ports push raises global trade ambitions, sparks security concerns
China is expanding its global maritime influence through AI-powered automated ports, smart shipping technologies and digital infrastructure. While these innovations promise greater efficiency, Western governments fear growing dependence on Chinese systems could create security vulnerabilities, geopolitical leverage and risks to critical global supply chains and international trade networks
China’s trade surplus tops $1 trillion for second straight year as exports surge
China's trade surplus reached $1.04 trillion in January-October, crossing $1 trillion for a second consecutive year. October exports rose 35.2% year-on-year, while imports grew 41.6%, narrowing the monthly surplus to $105.3 billion. Strong overseas demand is supporting exports, but weak domestic consumption and rising trade tensions pose risks to the outlook.
China's trade surplus surpasses USD 1 trillion for 2nd straight year, as exports surge 35 per cent
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
Beyond Nvidia: Alice Huang’s reported ties to Gigabyte’s leaders and a data-centre business serving Alibaba
China's alleged spying operation targeting Nvidia CEO Jensen Huang goes beyond one executive. A New York Times investigation links Alice Huang, reportedly recruited by China's top intelligence agency, to Gigabyte's leadership and a Singapore-based data-centre company serving Alibaba. The operation allegedly aimed to gather information on Nvidia's advanced AI chips and influence their exports to China.
NVDA stock price today: Nvidia shares slide 5% after Jensen Huang’s affair admission as China spy probe puts AI giant’s leadership under scrutiny – Can it survive the CEO crisis?
Nvidia stock today: Nvidia shares fell 4.5% in premarket trading on Monday, November 9, even as Wall Street futures pointed higher after last week's sell-off. NVDA slipped to around $178.21 from Friday's close of $186.64. Dow futures gained 0.73%, S&P 500 futures rose 0.40% and Nasdaq 100 futures added 0.21%. The latest pressure followed Jensen Huang's affair admission and a board probe over alleged Chinese espionage.
Nvidia controversy stokes export scrutiny risks for South Korean chipmakers
Samsung Electronics and SK hynix could experience greater export compliance challenges due to Nvidia's scrutiny over AI chips. US authorities have not announced new regulations yet, but potential measures might emerge. Chief Executive Jensen Huang's personal matters have spurred investigations into Nvidia's business dealings. A closed-door inquiry is scheduled to review security frameworks and contacts with foreign entities.
Rare earth magnet scheme: Coal India, IRP seek no sops; other contenders include ReNew, Prozeal
The scheme will run for seven years from the date of award, including a two-year gestation period for setting up an integrated manufacturing facility, and five years for incentive disbursement on the sale of REPM. These magnets are among the most powerful in the world and are widely used in electric vehicles, wind turbines, high-end electronics, aerospace and defence systems.
Pakistan to deploy 30 Chinese Z-10ME attack helicopters in Himalayan region? Blogger reveals reported deal, features and weapon
A Chinese military blogger has claimed that Pakistan signed a contract for 30 Z-10ME attack helicopters with China, although neither country has officially confirmed the reported deal. The development comes as Islamabad looks to modernise its army aviation fleet. The upgraded helicopters feature high-altitude capabilities, advanced targeting systems, anti-tank missiles and electronic warfare equipment.
LG Electronics shares jump 8% to 52-week high after Q2 results. Jefferies retains Buy, retains target price
LG Electronics India shares surged to a 52-week high after strong Q2FY27 results, with Jefferies retaining its Buy rating and Rs 1,950 target price. The brokerage expects 21% EPS CAGR through FY29, driven by premiumisation, capacity expansion and new business opportunities.
Bharat Electronics shares gain 3% as Motilal raises target price after Q2; Elara Capital upgrades to Buy
Bharat Electronics shares gained after Motilal Oswal raised its price target and Elara Capital upgraded its rating to Buy. Brokerages cited strong order visibility, healthy revenue growth and margin prospects, while delays in major defence orders remain a key risk.
South Korea's Lee vows to make bold AI investment in record budget push
His administration proposed in September increasing government spending by a record 12.8% next year to 820.9 trillion won ($615.62 billion) aiming to strengthen South Korea's technological edge as global competition over AI intensifies.
Syrma SGS reports best-ever quarter; Q2 revenue up 73% to Rs 1,999.5 crore
Syrma SGS Technology reported an 87.2% increase in consolidated net profit for the quarter ending September 2026. Consolidated revenue increased by 73.2%, reaching a record high of Rs 1,999.5 crore. The company’s exports grew by 91% year-on-year, showcasing strong international demand. Investments are planned in collaboration with Kaga Electronics to enhance the domestic supply ecosystem.
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