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The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such as an ageing population, an … Read more
Will the RBI’s (Reserve Bank of India) latest decision to allow UPI (Unified Payments Interface) for cash deposits at ATMs (Automated Teller Machines) result in debit cards losing their relevance? The once ubiquitous debit cards are already slowly giving way to UPI. While the share of mobile payments has more than doubled in the last … Read more
Sensex Today | Share Market Live Updates: The National Stock Exchange (NSE) and the BSE will hold a special live trading session on Saturday to test their preparedness and resilience. This session will involve an intra-day switch from the primary site to the disaster recovery site for equity and equity derivative segments. The session will … Read more
Before opting for a debt instrument, investors are often recommended to check the credit rating. Higher the rating, the safer the instrument and conversely, the lower the rating, the riskier the investment. However, one may wonder what are the criteria based on which these agencies such as CRISIL and ICRA rate the financial products. Each … Read more
Rumors abound in the tech world as OpenAI gears up for its highly anticipated “Spring Updates” live stream event, set to unveil new features and enhancements for its ChatGPT and GPT-4 models. Speculation has been rife regarding potential announcements, with some suggesting a revival of Google’s search engine and others anticipating the launch of GPT-5. … Read more
At 1304 GMT, spot gold surged by 0.9% to $2,396.81 per ounce. Bullion prices have climbed by 1.5% this week, following a one-month high on Thursday. In the meantime, gold futures for June delivery in the U.S. concluded 0.4% lower, settling at 2385.50 per ounce. “Gold prices inched higher, hovering near $2400 while silver marked … Read more
SBI Mutual Fund announced the launch of SBI Automotive Opportunities Fund, an open-ended equity scheme that aims to unlock the potential of automotive and allied business activities. The new fund offer (NFO) opened for subscription on Friday, May 17, and will close on May 31. The fund’s investment universe includes original equipment manufacturers (OEMs), auto … Read more
During its annual I/O developer event held in Mountain View, California, Google’s parent company Alphabet disclosed its latest strides in leveraging artificial intelligence (AI) technology across its various ventures. CEO Sundar Pichai revealed that the company is introducing AI Overviews to all users in the United States this week, following an extensive period of public … Read more
The company is a prominent player in the fluid management sector, specialising in pumps, valves, and related systems. KBL’s solutions cater to various industries such as water supply, irrigation, power generation, and industrial processes. Over the last 12 sessions, the stock has surged by 42%, bringing its year-to-date return to an impressive 110%. Also Read … Read more
When it comes to savings and investments, one of the key hurdles faced by lay investors includes financial awareness and knowledge. A number of financial literacy campaigns are conducted by a number of government and private agencies. Angel One has launched one such initiative ‘Fin One’ that aims to make youngsters aware about wealth generation via … Read more