India’s second-largest public sector financial institution, Canara’s shares have quadrupled within the final three years on the again of sturdy efficiency on all metrics together with enterprise progress, profitability and discount of NPAs. The broader NIFTY PSU Financial institution Index in the identical interval has grown barely over 2.3 instances. The present CEO and MD … Read more
Overseas traders pulled out an enormous ₹17,000 crore from Indian equities within the first 10 days of the month owing to the final election and the uncertainty surrounding its end result coupled with costly valuations and revenue reserving. Additionally learn:FPIs dump Indian equities in Could amid election uncertainty, favour China This was manner greater than … Read more
State-owned gas retailers Indian Oil Company, Bharat Petroleum Company Ltd and Hindustan Petroleum Company Ltd reported bumper income totalling about ₹81,000 crore in FY24, which far exceeded their annual incomes in pre-oil disaster years. Additionally learn:Auto & jet gas consumption hits document in March as political & industrial exercise intensifies The mixed standalone internet revenue … Read more
Indian tech firms to witness a 46 per cent hiring growth in 2024, regardless of 31 per cent of engineers experiencing a hiring freeze, based on a report by Flexiple. Additionally learn:Solely 4% of Indian firms prepared for contemporary cybersecurity dangers A big variety of engineers (35 per cent) have observed a hiring slowdown with … Read more
3AI Holding Restricted and SML India, introduced the launch of ‘Hanooman’, India’s homegrown multilingual GenAI platform in 98 international languages, together with 12 Indian languages, to construct Gen AI ecosystem for India by leveraging the nation’s numerous linguistic and cultural heritage. Additionally learn:AI startup Myelin Foundry secures $4 mn in funding for Edge AI Derived … Read more
Zeeve has introduced partnership with The Binary Holdings, serving as their chosen Rollup-as-a-Service supplier for the brand new L2 rollup chain constructed with Optimism’s OP Stack. Additionally learn:India’s Web3 developer share surges to 12% globally, leads rising markets: Report The Binary Holdings, specialising in web3 infrastructure for the telecommunications sector in rising markets, goals to … Read more
Risks to monetary stability posed by the event of synthetic intelligence instruments are already beginning to change into a fear, two central financial institution chiefs informed a convention on Tuesday. Additionally learn:Dangers posed by superior AI fashions within the flawed fingers Requested if there’s “one thing unhealthy that would occur that you’re getting ready for” … Read more
Inside India’s agriculture sector, the meals processing trade is seen because the engine of progress important to the sector’s enlargement. The meals processing sector should develop at double-digit charges for the agriculture sector to exceed the 4 per cent progress criterion and meet the rising meals calls for of the nation’s increasing inhabitants. Additionally learn:Kerala … Read more
Jio on Friday mentioned it has bundled premium providers of 15 apps, together with fundamental subscription of Netflix, Amazon Prime Lite, Disney+ Hotstar, with its 30 mbps broadband plan for ₹888 a month. Additionally learn:Jio launches Kerala’s first AirFiber service Netflix entry was earlier accessible for patrons having JioFiber of ₹1,499 plan, whereas there was … Read more
Majority of non-public pc and server makers chosen underneath the data expertise (IT) {hardware} production-linked incentive (PLI) scheme are anticipated to start out manufacturing this yr, stated a senior authorities official on Friday. Additionally learn:US continues to lift considerations with India on import regime of sure IT {hardware} items: US report The federal government, in … Read more