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Over 1.5 lakh startups recognised by government till October
Under the Startup India initiative, the Government is implementing...
EPFO invests Rs 34,208 cr in ETFs during Apr-Oct
The total corpus of various funds managed by EPFO was Rs 24.75 lakh...
India’s digital economy likely to cross $1 trillion by 2022, says KPMG
According to the report, the total mobile subscriber base is expected to reach 1.28 billion in FY 2022 and data consumption is expected to reach 7 GB (giga bit) per subscriber per month.The expansion will “further witness digital diversity in the online audience taking it from the current 225 million in FY18 to 550 million by FY23,” the report noted.
Trained in data science, AI, ML? There are 50,000 job posts waiting for you
Companies like Edelweiss, Verizon and TCS have recruited several students from Great Learning for various roles in machine learning and data science in the last six months.A ccording to Gartner, out of one million registered companies in India, 75 per cent have invested or are going to invest in ML and data science.
FPIs pull out Rs 9,300 crore in just 4 sessions
“Rise in oil prices and US treasury yields and a tightening of global dollar liquidity are the key reasons for the FPI selling as they have induced high volatility in currency, bond and equity markets”
India has 19 judges per 10 lakh people: Data
The debate on the judge-population ratio was re-ignited by then Chief Justice of India T S Thakur in April, 2016 when in the presence of the Prime Minister, he had lamented the governments “inaction” in increasing the number of judges from the present 21,000 to 40,000 to handle the “avalanche” of litigations, saying, “You cannot shift the entire burden on the judiciary“.
Domestic air passengers grew 17.17% to 11.35 million in August
On a cumulative basis, domestic passengers traffic volume surged 21.20 percent to 91.39 million between January-August of 2018 against 75.41 million in the corresponding period of 2017, it said.
India:FPIs pull out $2.1 bn in Sep so far due to fall in rupee
According to the latest depository data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 68.32 billion from equities during September 3-21 and Rs 85.33 billion from the debt market, taking the total to Rs 153.65 billion (USD 2.1 billion).
Social media platforms account for 79% of e-commerce in India: PayPal
“Facebook, WhatsApp and Facebook Messenger are used most by merchants in India, than anywhere across Asia (excluding China),” said the report named “Beyond Networking: Social Commerce as a Driver of Digital Payments”.
Over 55,000 thefts reported in trains in last 3.5 years: Railways data
In 2017, 18,936 cases of luggage theft were reported along with 415 robberies. A total of 27 dacoities took place inside trains and 155 passengers were robbed after being sedated. The police arrested 3,898 people.
FPIs turn net sellers in September, pull out USD 1.3 billion so far
Himanshu Srivastava, Senior Research Analyst at Morningstar, attributed the recent outflow to widening current account deficit due to a surge in oil prices, depreciating rupee, concerns over the government’s ability to meet fiscal deficit targets and lower-than-expected GST collection.
Insurance industry to touch $280 billion by FY20: Assocham
“The Indian insurance industry is expected to grow to USD 280 billion by FY2020 with the government’s flagship Ayushman Bharat and other growth drivers like rising disposable incomes, presence of global players and easing of the regulatory regime, helping penetration of the insurance culture in the country,” the study noted.