India, as current holder of the G20 Presidency, is "well positioned" to help advance a global discussion on AI issues, Microsoft Vice Chair & President Brad Smith has said advocating broader legal and regulatory frameworks for AI, and safety brakes in AI systems controlling critical infrastructure. Smith, who is on a visit to India and [...]
UK Business and Trade Secretary Kemi Badenoch launched a new “Alive with Opportunity” campaign on Thursday to help double trade with India by 2030, with a series of targeted trade missions for UK firms in high-growth sectors. The Cabinet minister, who arrived in India on a three-day visit to attend the G20 Trade and Investment [...]
Pune-based heavy engineering firm Walchandnagar Industries Ltd (WIL) has a double reason to cheer after Chandrayaan-3 successfully landed on the lunar surface as some of the critical booster segments used in its launch vehicle have been manufactured and tested at the facility, the firm said. The firm in a release issued on Wednesday said it [...]
HDFC Bank Director Keki Mistry on Wednesday asserted that the demand for housing will continue in India and it has the power to unlock the potential of the economy. Speaking at the foundation day celebration of Bandhan Bank, Mistry said the housing sector also generates huge employment and has a better credit risk profile than [...]
Bandhan Bank on Wednesday announced it will enter the co-lending business, for which it will tie up with a couple of NBFCs. Announcing this at the bank's foundation day programme, its MD and CEO Chandra Shekhar Ghosh said the co-lending business will cover all verticals in which loans are given. "We have selected a couple [...]
Kotak is known for introducing smart and innovative financial solutions to maximize customers' savings. This time, they have introduced a sweep-in sweep-out facility in the form of Kotak811 ActivMoney. It involves the automatic sweeping out of funds above a certain threshold from one's savings account to an FD account for 180 days. If the savings [...]
Dalberg Advisors, a leading social and environmental impact advisory group, has appointed Swetha Totapally as Regional Director for Asia-Pacific (APAC) as it deepens its presence in India and expands to other markets. She will be responsible for leading the region's efforts to deliver on the firm's commitment to build a more inclusive and sustainable world. [...]
TVS Motor Company has unveiled its premium electric crossover two-wheeler TVS X targeting the millennials and Gen Z population in India and abroad. Launched at an introductory price of Rs 2.50 lakh, the electric two-wheeler comes with a high-performance battery pack that delivers 4.44kWh of installed capacity of energy, acceleration of 0-40 kilometre per hour [...]
Share prices of this Agro-processed business gained 7.5% after the company decided to increase production of one of its major products. Gujarat Ambuja Export Limited shares prices opened at Rs. 246.35 on Thursday’s session. It rallied in the early hours to reach an intra- day high of Rs. 264.30. The stock has given a return [...]
Having Foreign Institutions involved in the shareholding patterns builds the confidence of the retail segment in the markets. Listed below are three stocks with huge stakes owned by Foreign Institutional Investors (FIIs) and currently trading at a discount of up to 32 percent from their 52-week high levels: IRB Infrastructure Developers Limited With a market [...]
