India’s AI market slated to reach $ 7.8 billion by 2025
This has been validated by the latest report of International Data Corporation (IDC) in India for the Artificial Intelligence (AI) Market, 2021 that predicts that the country’s AI market will reach $ 7.8 billion by 2025 at a compound annual growth rate (CAGR) of 20.2 per cent, from a market value of $ 3.1 billion in 2020....
Tata Steel to install EAF facilities in north, south and west India
Tata Steel will achieve its target to double its capacity to produce 40 million tonne steel by 2030 and will install its Electric Arc Furnaces (EAF) in north, south and west India that will use scrap as an environmentally friendly step, a top company official said....
দেশের মধ্যে কর্মসংস্থানের নিরিখে প্রথম স্থানে তিলোত্তমা, ঘুরে দাঁড়াচ্ছে অর্থনীতি
করোনার তিনটে ঢেউ কাটিয়ে বছর দু’য়েক পরে ফের ঘুরে দাঁড়াচ্ছে অর্থনীতি। বাজারে বাড়ছে কাজের চাহিদা। ...
IL&FS resolves debt of Rs 55K crore, Rajan to be new CMD
Debt-ridden IL&FS Group on Tuesday said that it has addressed debt of Rs 55,000 crore till date and the resolution of remaining Rs 6,000 crore debt will move into FY23....
BOB partners RBIH to boost financial inclusion of women using technology
Bank of Baroda, one of India’s leading public sector banks, announced today that it is partnering the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the Reserve Bank of India, to promote financial inclusion of women in India. RBIH has launched a programme on Gender & Finance named "Swanari" that seeks to combine technology with a greater focus on women to help women achieve financial security and independence. To that end, RBIH is launching the inaugural edition of Swanari TechSprint, which Bank of Baroda is supporting as a scale-up partner, to create digital solutio...
AI protected SME businesses from Covid-19 risks
Artificial Intelligence (AI) enabled apps helped protect small and medium-sized businesses against many of the risks that emerged during the Covid-19 pandemic, according to a study, which noted that only a quarter of small firms currently use them....
Russia-Ukraine war set to worsen global chip shortage
The ongoing Russia-Ukraine war is set to worsen the supply of semiconductors, as both the countries are vital exporters of raw materials used in the manufacturing of various chipsets, industry players said on Friday....
Sensex gains over 1,300 pts
Value buying as well as positive global markets pushed India's key indices -- S&P BSE Sensex and NSE Nifty50 -- higher on Friday, a day after it suffered heavy loss. However, the upside was capped due to persistent selling pressure by FIIs. On the BSE, NSE and MSEI in the capital market segment, they net sold Rs 4,470.70 crore worth of equities. ...
Amazon, Visa to end global dispute over credit card fees
Tech giant Amazon has reportedly reached a global agreement with Visa to settle a dispute over the credit card giant's fees. The deal means Amazon customers in the UK can continue using Visa credit cards, as previously announced by the two companies....
'Indian banking sector in best financial health in decades'
India's banking system is in best financial health in decades, said India Ratings and Research (Ind-Ra). The agency has revised the outlook on the overall banking sector to further improve in FY23. "The improving health trend that began in FY20 is likely to continue into FY23," it said....
Narayana Health introduces Renal Tumour Consortium & NextGen Cryoablation technology
Going by the conventional set of treatments available for cancer, many cases require surgical invasion to remove their tumor. Although surgery is considered to be one of the painful procedures but in recent decade with 3D visualization, minimally invasive technique and faster recovery robotic surgeries have transformed this idea. In an endeavor to take this vision forward recently Narayana Health, Kolkata introduced Renal Tumour Consortium & Next Generation Cryoablation Technology installation for advanced treatment in Cancer Care. The conference was organized at The LaLiT Great Eastern K...
CMD SIDBI inaugurates a programme on 'Waste to Wealth'
Sivasubramanian Ramann, CMD, SIDBI visited West Bengal on Feb 11 and 12th to ascertain the challenges and disseminate information on the key aspects about various support programmes unleashed by Government of India through its various Ministries, SIDBI and its associates and subsidiaries, NCGTC etc. for the state....
CAIT urges FM to withdraw 12% GST on textiles
The Confederation of All India Traders on Thursday urged Union Finance Minister Nirmala Sitharaman to withdraw the proposed GST tax on textiles. In the GST Council meeting in late 2021, it was unanimously decided to defer the hike in tax rate on textiles from 5 per cent to 12 per cent and the matter was sent to the tax rate rationalisation committee which will submit its report by February....
Budget FY23's Capex push to boost cement demand
Union budget FY23's Capex push as well as continued focus on infrastructure development is likely to boost cement demand. India's Budget 2022-23 has earmarked a massive budgetary outlay of Rs 7.50 lakh crore for Capex. In her Budget speech to Parliament on Tuesday, Finance Minister Nirmala Sitharaman proposed to increase the capital budget outlay by over 35 per cent....
Facebook loses daily users , Meta shares sink 20%
Meta Platforms Inc, which owns Facebook, saw its stock drop more than 20% late on February 2 after the social network firm issued a weaker-than-expected projection, blaming Apple's privacy restrictions and greater competition for consumers from rivals such as TikTok....
DAE demands over 32k crore; Biotechnology gets Rs 2,581 cr for nasal vax
The Department of Atomic Energy (DAE) has requested a budget of Rs 32,342 crore for fiscal year 2022-23. The DAE has requested a financial allocation of roughly Rs 32,342 crore, up from the revised projections of about Rs 31,301 crore, in a demand for grants submitted to Parliament as part of the budget papers....
Top 5 takeaways from Budget 2022
Finance Minister Nirmala Sitharaman delivered her fourth budget speech on Tuesday that lasting only 92 minutes. While the opposition criticised the BJP-led government for ignoring the concerns of the middle class, farmers, and women, Prime Minister Narendra Modi stated that the goal of this year's budget was "the upliftment of poor people."...
8 key tax-related exceptions from Budget 2022
Finance Minister Nirmala Sitharaman will deliver her fourth Union Budget on Tuesday, at a time when the country's economic recovery faces new hurdles. With the Indian economy expected to rebound despite the effects of the Covid-19 outbreak, all eyes will be on how the government balances its yearly fiscal plan for the coming year....
Debt funds provide optimum returns with low volatility
Debt funds are mutual funds that invest in fixed income securities like government and corporate bonds, corporate debt securities and money markets. These instruments are considered to be safer as the risks associated are less as well as the returns....
Sony stocks plummet post Microsoft announcement
Sony's stock has plummeted in Tokyo trading after Microsoft announced its intention to buy Activision Blizzard, a major video game publisher. The deal worth $68.7bn (£50.5bn), would be Microsoft's biggest ever buyout and the largest deal in gaming history....
মহামারী পরিস্থিতিতেও ব্রেথওয়েট-এর টার্নওভারে ১৫ শতাংশ বৃদ্ধি
ব্রেথওয়েট ১৯১৩ সালে প্রতিষ্ঠিত হয়েছিল কলকাতায়। ১৯৭৬সালে জাতীয়করণের সিদ্ধান্তে এই সংস্থাটি ব্যক্তি মালিকানাধীন থেকে কেন্দ্রীয় সরকারের অধীনে আসে।বর্তমানে রেলমন্ত্রকের প্রশাসনিক নিয়ন্ত্রণাধীন। এই সংস্থা মূলত রেলও...
Meta faces $3.1 bn lawsuit over exploiting user data
Meta (previously Facebook) is facing a $3.1 billion class-action lawsuit in the United Kingdom for allegedly exploiting its market dominance, with roughly 44 million British Facebook users potentially receiving a $68 settlement apiece if the claim is successful....
IT majors' healthy Q3 results lift equity indices
On Wednesday, India's equity indices— S&P BSE Sensex and NSE Nifty50— were bolstered by expectations of solid Q3 FY22 earnings from IT heavyweights, as well as positive global indications....
Mercedes-Benz invests $4 billion for EV push in India
Mercedes-Benz is set to start local manufacturing of its electric sedan (Mercedes EQS) in 2022 as part of a larger effort to electrify its portfolio in Asia. ...
Electric vehicles likely to dominate indigenous automobile sector
The automobile sector of the country is witnessing a gradual rise in sales. After clocking the worst sales volume in April 2020 with zero sales, December 2021 witnessed a heavy sales report with Maruti Suzuki and Tata Motors leading the charts....
Best mutual funds to invest in 2022
India is gradually becoming a country with budding investors. With companies like Zomato, Swiggy, etc. issuing IPOs, many have taken towards instruments of the share markets to either plan their retirement of making money out of money. Those days of keeping money in bank accounts are long past. However, with risks associated with intra-day trading and equities, the middle-class man is eager to explore opportunities where returns are steady and the risk is minimal. Hence, here is a list of the Best 10 mutual funds to invest in 2022....
A show on state-of-the-art tech at Consumer Electronics Show 2022
At the ongoing Consumer Electronics Show (CES) 2022, Chinese technology gaint Hesai showed various advanced and low-cost solutions, helping to the development of the struggling autonomous driving industry....
বাজারের অস্বাভাবিক মূল্যবৃদ্ধি দুশ্চিন্তা বাড়াল রিজার্ভ ব্যাঙ্কের
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