Credit card base in India grew 18% YoY to reach 103 million, with HDFC bank adding the most new cards. However, Kotak Mahindra bank saw a sharp drop amid RBI restrictions. Card spending also grew 17% YoY to reach Rs 1.65 trillion. The credit card industry has seen a continuous decline due to caution about large unsecured loans and asset quality issues.
Credit card base in India grew 18% YoY to reach 103 million, with HDFC bank adding the most new cards. However, Kotak Mahindra bank saw a sharp drop amid RBI restrictions. Card spending also grew 17% YoY to reach Rs 1.65 trillion. The credit card industry has seen a continuous decline due to caution about large unsecured loans and asset quality issues.
FedEx shares jumped 13% premarket on Wednesday after the delivery giant reassured investors with a largely upbeat annual profit forecast and said it would weigh options for its less-than-truckload business that one analyst valued at $30 billion.
Gold prices slipped 1% to their lowest level in more than two weeks, weighed down by a stronger dollar and higher bond yields, while traders looked forward to U.S. inflation data due later this week.
The autopsy report confirmed that the King of Pop Michael Jackson was reduced to skin and bone, his hair had fallen out, and he had been eating nothing but pills when he breathed his last.
Last year, the ministry ordered the inspection of the books of Byju's in the wake of various developments at the edtech company, including its inability to finalise the statements and the resignation of an auditor.
An action plan with Rs 500 crore is in place to combat stubble burning. 21,511 applications for subsidies on crop residue management machinery have been received. Various machinery like super SMS and happy seeder are available on subsidy. 1,30,000 CRM machines were provided to farmers, and a training campaign will be launched.
Sam Pitroda is back as the head of Indian Overseas Congress months after he resigned from the same over racist comments. His statement - "people of the east look like the Chinese and those of the south look like Africans" - triggered a massive outrage in India in May this year.
At Infosys' 43rd annual general meeting, cofounder and chairman Nandan Nilekani talked of the nascent stage of the Generative AI revolution. He also said consumer AI will see rapid adoption but enterprise AI will take several years to mature and have a widespread impact.
In a letter dated June 18, 2024, Meity urged EPFO to fast-track development of the De-Novo system saying the current technology stack and support platform is already on the verge of obsolescence. Further, it said that there is an imminent need to revamp the unified portal application of EPFO along with augmenting the supporting infrastructure setup to support the software system
Former US President Barack Obama’s sister and niece were tear gassed outside the Kenyan parliament as protests intensified against the Finance Bill which seeks to increase the tax rates on various products. Many others have been injured after security forces prevented the protesters from storming the parliament.
To be set up at an investment of Rs 2,000 crore, the electric scooter maker’s new plant will produce up to one million vehicles and battery packs per year.
Sanjiv Bhasin, a familiar presence on various business news channels and digital media platforms, frequently shares his insights and trading strategies for stocks. In a statement, IIFL Securities said, "Bhasin was associated with IIFL Securities as a consultant on a contractual basis."
A Boston Consulting Group report has found that Indians are more confident than worried about the impact of artificial intelligence and generative AI on their work, with 54% evincing confidence compared to only 13% showing signs of anxiety. The report, based on BCG's AI at Work 2024 report, found that 42% of respondents globally reported confidence about AI and GenAI's impact on their work, compared to 26% last year.
China's latest lunar probe has brought back some amazing artefacts, including samples like a volcanic rock that may be nearly 2.5 million years old, suggest latest reports. Some soil samples have also been brought back by the Chang'e-6 lunar lander from the far side of the moon.
Two days after the chief minister reprimanded civic authorities and raised questions on the attitude of the authorities in addressing civic problems and encroachments on state government’s lands, Police and civic authorities started pulling down roadside alleged encroachments, temporary shops, selling food and bulldozing roadside stalls. “The Chief Minister conducted two meetings where she spoke about stopping encroachments of government lands. Banerjee said police, state minister Sujit Bose, Gautam Deb... Читать дальше...
The Aditya Birla Group is already present in the US through Hindalco Industries-owned Novelis Inc and Aleris Inc, and Georgia-based Birla Carbon. It currently has an investment of more than $15 billion in businesses in the US, and is the largest Indian investor in the US as of now.
Three terrorists, suspected to be affiliated with the Pakistan-based Jaish-e-Mohammad (JeM) outfit, were killed in a gunfight that lasted over six hours in a forest area in Jammu and Kashmir's Doda district. The incident occurred amid an intensified cordon-and-search operation launched by the police, Army, and Central Reserve Police Force (CRPF) following twin terrorist attacks in the hill district on June 11 and 12. Security forces intensified their anti-terrorist operations and announced a cash... Читать дальше...
MEIL emerged as the lowest bidder, demonstrating its exceptional technical capabilities and cost-efficiency by submitting the lowest bid of Rs.12,799.92 crores, the statement said. "This contract represents the most significant project for MEIL and our strategic entry into the nuclear energy sector," said Ch. Subbaiah, Director, MEIL.
As the COO of Times Network, I spearhead innovative strategies in collaboration with industry leaders, driving growth and success in news broadcasting. Leveraging my extensive experience, I aim to position Times Network as a frontrunner in Revenue Management and Operations, setting new benchmarks in the industry.
India's Vodafone Idea has spent Rs 3,510 crore to acquire 50MHz of spectrum in 11 circles, strengthening its 4G portfolio and launching 5G services. The acquisition will enable the use of dedicated sub-GHz spectrum for advanced technologies and customer experience. Vodafone Idea has also held 5G trials in three network circles using Samsung's virtual Radio Access Network (vRAN) solutions.
Heeramandi actor Aditi Rao Hydari recently shared her frustrating experience at Heathrow Airport in the UK, revealing that her luggage went missing and she had to wait for several hours without any help from the airport staff.
Gandhi was appointed leader of Opposition in the Lok Sabha on Tuesday, after a meeting of the floor leaders of Opposition pirates at Kharge’s home in Delhi. The Congress is currently the largest opposition party, winning 99 seats out of 543. The party’s INDI-alliance won 234 seats, narrowly losing to the NDA, which won 293 seats.
The metric offers a key indicator of a stock’s current value and its potential future price trends.