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Bank deposits losing attractiveness as govt savings schemes see strong growth

Feb 23, 2024

New Delhi, Feb 23 (IANS) Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as it loses its attractiveness.It has cited head winds like strained financial savings, the rise of alternatives such as stock market investments and strong growth in alternate government savings schemes (PPF and Small Savings),…

India’s GDP to log 6.4% growth in Q3 FY24

Feb 23, 2024

Chennai, Feb 23 (IANS) Government owned mortgage lender Bank of Baroda (BOB) on Friday predicted India’s gross domestic product (GDP) in Q3 FY24 to grow at 6.4 per cent on the back of subdued growth in industrial and agricultural…

Business

Google’s AI chatbot Gemini violates India’s IT laws: Rajeev Chandrasekhar

Feb 23, 2024

New Delhi, Feb 23 (IANS) Union Minister of State for Electronics and Technology Rajeev Chandrasekhar on Friday expressed concern over the potential violation of Indian IT laws by Google's Gemini AI chatbot. His reaction comes after users on…

Business

Nifty 500 companies deliver strong performance in Q3

Feb 23, 2024

New Delhi, Feb 23 (IANS) The Nifty 500 companies delivered strong performance and reported an earnings growth of 25 per cent YoY in 3QFY24, as per a report by Motilal Oswal Financial Services.The earnings growth was again fueled by the…

Business

Razorpay surpasses $150 bn in TPV, unveils new payment gateway & AI chatbot

Feb 23, 2024

Bengaluru, Feb 23 (IANS) Fintech major Razorpay on Friday announced it has achieved an annualised total payment volume (TPV) of $150 billion, and unveiled several new features including an AI chatbot. The company also launched ‘Payment…

Business

Vodafone Idea shares jump 11% in anticipation of fundraise

Feb 23, 2024

New Delhi, Feb 23 (IANS) Vodafone Idea shares jumped more than 11 per cent on Friday after the company announced a board meeting to consider fundraising. Vodafone Idea shares were trading at Rs 18.11, up by 11.24 per cent.VIL needs a…

Business

PM Modi to roll out Rs 600cr worth projects in Chhattisgarh to speed up coal evacuation

Feb 23, 2024

New Delhi, Feb 23 (IANS) In line with India’s commitment to strengthening energy security and furthering sustainable development, Prime Minister Narendra Modi is scheduled to virtually inaugurate three key first mile connectivity projects…

Business

Global rally in equities showing no signs of exhaustion

Feb 23, 2024

New Delhi, Feb 23 (IANS) Global bull run in equities led by the US market is showing no signs of exhaustion, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.In the US, the rally is being led by the tech stocks.…

Business

Google Pay’s portable speaker SoundPod to be available for small merchants across India

Feb 23, 2024

New Delhi, Feb 22 (IANS) In a key development, Google Pay on Thursday announced that its portable speaker SoundPod will be available for small merchants across India over the coming months.Last year, the company introduced its SoundPod…

Business

Strong earnings report from Nvidia bolsters optimism on Wall Street

Feb 23, 2024

New York, Feb 22 (IANS) US stocks soared higher on Thursday after a strong earnings report from tech giant Nvidia bolstered investor optimism on Wall Street, a media report said.The blue-chip Dow Jones Industrial Average was up 278 points,…

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