Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
New Delhi, Nov 17 - Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India's (RBI) action raised the risk weightage on unsecured loans.
Kerala Tourism Investor Meet gets Rs 15,116 cr offer
Thiruvananthapuram, Nov 17 (IANS) Kerala's first-ever Tourism Investors Meet (TIM) has come as a major boost to the state with the government receiving investment offers worth Rs 15,116.65 crore in the core sector.
91% of Indian Gen Z workers prepared for AI adoption at workplace
New Delhi, Nov 17 - Gen Z in India is excited to use generative AI in the workplace, with 91 per cent saying they feel prepared for their employer to adopt the technology in everyday work, a report showed on Friday.
Amazon partners Hyundai to start selling cars online next year
San Francisco, Nov 17 - Amazon, which started with selling books to finally conquer the vast e-commerce space, will now sell cars online, partnering with South Korean automaker Hyundai to begin with.
Delhi court rejects SBI’s suit against deceased loan defaulter, emphasises bank’s proactive responsibility
New Delhi, Nov 16 - A Delhi court has dismissed a suit filed by the State Bank of India (SBI) for the recovery of Rs 13.51 lakh, along with interest, against a loan defaulter, who had passed away.
India’s GDP growth expected to accelerate in Q3 of 2023-24: RBI bulletin
Mumbai, Nov 16 - The momentum of India's GDP growth is sequentially expected to be higher in Q3:2023-24, "with festival demand remaining ebullient", even as the global economy shows signs of slowing down, according to the RBI Bulletin released on Thursday.
Morgan Stanley gives Sensex target of 74K by Dec 2024
New Delhi, Nov 16 - Morgan Stanley has given a BSE Sensex target of 74,000 implying upside potential of 14 per cent to December 2024. This level suggests that the BSE Sensex will trade at a trailing P/E multiple of 24.7x, ahead of
Insta brings new updates to reels, feed photos to create content easily
New Delhi, Nov 16 (IANS) Meta-owned Instagram has shared a number of improvements to reels, feed photos, carousels, and stories, as well as new insights to help creators better understand how their content is performing.
TCS buyback boosts IT stocks as Nifty logs 2nd day of gains
Mumbai, Nov 16 - Nifty finished the day on a winning note, while most sectoral indices closed in the green.
Platforms with AI bias won’t get sanctuary under safe harbour provision: MoS IT
New Delhi, Nov 16 - Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Thursday that safe harbor provision will not apply for social media platforms if they promote search, algorithmic bias or AI bias.
Japan and India to lead Asia, emerging market equities
New Delhi, Nov 16 - Morgan Stanley expects GDP and EPS growth to again beat expectations in Japan and India and miss in China and emerging markets (EM) in 2024.
WeWork India adds 2 new buildings with over 4K desks in B’luru, Hyderabad
New Delhi, Nov 16 - In line with its commitment towards long-term growth and expansion, flexible workspace provider WeWork India on Thursday announced the signing of lease agreements for two new buildings -- Manyata Redwood in Bengaluru and RMZ Spire in Hyderabad.
Piyush Goyal holds discussion with chip giant Micron’s CEO in US
New Delhi, Nov 16 - Union Commerce and Industry Minister Piyush Goyal held a meeting with chip giant Micron Technology’s CEO Sanjay Mehrotra in the US and discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to expand its footprint
Several top large-cap stocks have hardly given any returns in past 2-3 yrs
New Delhi, Nov 16 - Indian mega-cap stocks are in a bear market, with several top large-cap. stocks have hardly given any returns over the past 2-3 years, the Kotak Institutional Equities said in a report.
UCO Bank stops online IMPS transfers as flawed payments surface
Mumbai, Nov 16 -The government-owned UCO Bank has temporarily stopped online Immediate Payment System (IMPS) transfers as funds from transactions initiated by customers of other banks were credited to account holders of UCO Bank, but the bank did not actually receive the money.
Sensex scales 66K mark with 400-point jump
New Delhi, Nov 16 - BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points.
Just 26% of Indian firms fully prepared to deploy, leverage AI
Bengaluru, Nov 16 - Only 26 per cent of organizations in India are fully prepared to deploy and leverage Artificial Intelligence (AI)-powered technologies, a new report showed on Thursday.
Zoho launches comprehensive solution ‘Zoho Practice’ for CAs
New Delhi, Nov 15 - Global software-as-a-service (SaaS) company Zoho on Wednesday launched a free end-to-end practice management solution "Zoho Practice" for chartered accountants (CAs).
ONGC looking at investing Rs 1 lakh crore to set up 2 petrochemicals units
New Delhi, Nov 15 - Government-owned upstream oil giant ONGC is looking at investing around Rs 1 lakh crore to diversify into the manufacturing of petrochemicals to move up the value chain from crude oil, senior company executives said in a conference call
Beware of fraudsters who call you and say they are from TRAI
New Delhi, Nov 15 - The Telecom Regulatory Authority of India (TRAI) warned on Wednesday that some companies/agencies/individuals are making fraudulent calls to the public/customers and saying that they are calling from TRAI to tell them that their mobile numbers will be disconnected