Deepal’s eVTOL (electric Vertical Take-Off and Landing) UAV, a...
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In APAC region 75 pc CFOs see AI agents as revenue drivers, Salesforce report
The findings highlight a shift in AI strategy, moving from cautious...
Women entrepreneurs face disadvantage in availing financial services compared to men: Study
"Access to formal finance is essential for the development and...
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...
Sensex & Nifty may scale new high in coming weeks, FIIs invest Rs 2,030 crore in capital markets last week
"With government continuity now in place, we believe the market can look forward to further structural reforms, giving us more confidence in the earnings cycle. Macro stability with rising GDP growth relative to real rates should extend India's outperformance over...
Mutual funds industry adds 8.1 mn new investor accounts in Apr-May FY25
"As India's per capita income grows, investors will look to save money in asset classes, which have the potential to beat inflation and create wealth. As the penetration of mutual funds increases, this will translate into a higher folio base at the industry level,"...
Hyundai Motor India files for landmark IPO expected to surpass LIC’s record
The planned IPO is structured entirely as an offer for sale (OFS) involving 142,194,700 equity shares by Hyundai Motor Company, as detailed in the draft red herring prospectus (DRHP). Notably, there is no fresh issue component in this offering Mumbai: Hyundai Motor...
Mcap of five of top-10 most valued firms jumps Rs 85,582 cr; LIC biggest gainer
The valuation of LIC jumped Rs 46,425.48 crore to Rs 6,74,877.25 crore, the most among the top-10 firms. Mumbai: Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC)...