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India may well become OpenAI’s largest market: CEO Sam Altman
“India is one of the most dynamic countries in the world for AI...
EV sales jump 93% in July, domestic automobile retail sales declined 4.31%
"This momentum signals that India's EV transition is steadily...
Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery
Annually, India witnesses 80 lakh to 1 crore weddings, outstripping countries like China and the US, where wedding numbers rank much lower. In comparison, the US wedding industry is valued at USD 70 billion, and China's at USD 170 billion, while India's stands...
Global fintech industry sees robust 14 pc revenue growth, India shows the way
“Profitability and compliance are now the cornerstones of fintech success,” said Deepak Goyal, BCG managing director and senior partner and co-author of the report New Delhi: Despite significant shifts in funding and valuations, the global fintech industry saw a...
Mutual funds gave over 17 per cent average returns in first half of 2024
In terms of returns, top mutual funds schemes were from the Midcap and smallcap categories Mumbai: Indian equity markets gave stellar returns in the first six months of 2024. The Sensex was up nearly 8 per cent and Nifty was up nearly 9 per cent so far this year. The...
80% of Indian marginal farmers suffered crop losses due to adverse climatic events
The findings reveal that the primary causes of crop damage were drought (41 per cent), irregular rainfall including excessive or non-seasonal rains (32 per cent), and early withdrawal or late arrival of the monsoons (24 per cent).Although 83 per cent of them are...
AI set to revolutionize global banking, boosting profits by USD 170 bn by 2028: CITI report
One of the most compelling aspects highlighted in the report is AI's role in combating financial fraud. AI-generated insights hold the key to preventing real-time payment scams, such as the pervasive Authorized Push Payment (APP) fraud Artificial intelligence (AI)...
EPFO adds highest-ever members in April since 2018
The share of women in the new members stood around 2.49 lakh out of total of 8.87 lakh new members, indicating a broader shift towards a more inclusive and diverse workforce. An increase of 31.29 per cent has been registered in net member addition during April as...
Atal Pension Yojana adds record 12.2 million new members in 2023-24
The government pension scheme achieved a growth of 24 per cent in gross enrolments at the end of FY 23-24 standing at 64.4 million. APY is rapidly gaining popularity among women and youth. In FY24, out of the total enrolments, 52 per cent were women and out of the...
India stems wealth exodus amid robust economic development: Report
India increased the number of millionaires in the country by 85 per cent in the last decade. With 326,400 HNWIs, India ranks 10th in the world regarding the number of millionaires. New Delhi: Buoyed by overall economic development, India has stemmed its wealth exodus,...
Allianz Partners India receives patent for 2-Wheeler mobile charger
This state-of-the-art device reflects the company's dedication to meeting the emergent demands of customers and adapting to the technological advances shaping the market. The 2.5 kw AC mobile charging system, including a battery pack and inverter, delivers 230V AC...
Centre takes action against electricity KYC update scam, blocks 392 mobile phones
The Department of Telecommunications (DoT) utilised the ‘Chakshu’ portal for reporting and analysing fraudulent activities, initially identifying five suspect numbers.The portal’s AI-driven analysis revealed that 392 handsets linked to 31,740 mobile numbers were...