AUM to hit Rs 5 lakh crore in FY-23: Vivek Kumar Dewangan, REC
We are in discussion with other financial institutions because the asset size is going to be quite large, more than Rs 30,000-40,000 crore, then we need to collaborate with other financial institutions. As you are aware that our loan book has grown in last financial year to the extent of 13%, but in the current financial year in Q1 there was growth of about 20%. Key Points
Economic TimesZomato’s ‘pure veg’ innovation should launch a thousand identity-targeted consumer services
In textbook terms, ethno-marketing is a set of actions and communication directed towards sharply defined ethnicities, connected to their specific customs, beliefs or festivities. Naturally, it excludes those who do not belong to the designated group, by strategic choice and not diabolical plots. In the West, it usually focuses on minorities, on the prevailing logic that majority is anyways the primary recipient of productive mainstream messaging. Key Points
The Economic TimesDelhi-NCR's toxic air can be washed down for just Rs 3 crore
The researchers from IIT Kanpur who have been working on a 'fake rain' to provide relief in Delhi is estimated to take just Rs 3 crore. The process would provide relief for at least a week. The institute is targeting a cloud spanning 300 square kilometres as part of an artificial rain project in association with the Delhi government, with the Confederation of Indian Industry (CII) acting as a coordinator between the two. Key Points
Economic TimesPakistan-based threat actors attacking IITs, Indian Army: Modus operandi, motive, and other details to know
Pakistan-based group Transparent Tribe has been conducting cyber attacks against the Indian Army and education sector. The group is believed to be attempting to obtain sensitive information via the malicious file ‘Revision of Officers posting policy’, which is disguised as a legitimate document. Key Points
mintUS, Britain warships shoot down 15 drone attacks over Red Sea
A US warship shot down 14 suspected attack drones over the Red Sea, and a Royal Navy destroyer downed another drone that was targeting commercial ships. Tension gripped over Red Sea as Houthis' drone attacked US, Britian warships. Key Points
India Today
Tehran strikes ‘terror bases’ in Pakistan, Israeli ‘spy HQ’ in Iraq
Iran launched attacks on Tuesday in Pakistan targeting what it described as bases for the militant group Jaish al-Adl, state media reported. Those reports... Key Points
The Tribune IndiaDeath toll from Russia missile strike on Ukraine's Hroza rises to 52
A missile slammed into cafe and grocery store on Thursday. Russia denies deliberately targeting civilians, but many have been killed in attacks that have hit residential areas. Key Points
ThePrintIsrael's Oddity seeks higher valuation in US IPO
Oddity Tech said on Monday it was targeting a valuation of $1.92 billion in its U.S. initial public offering (IPO), more than 13% higher than what it was previously seeking. Key Points
ReutersUS announces charges in $2.5 billion healthcare fraud takedown
The U.S. Justice Department on Wednesday announced federal and local criminal charges targeting 78 defendants across 16 states as part of a law enforcement action involving $2.5 billion in alleged healthcare fraud schemes targeting elderly and disabled people, HIV patients and even pregnant women. Key Points
Reuterstargeting 1 million CBDC users by June end: RBI
While it has no specific date in mind for a full-fledged launch of the CBDC, the central bank will take a measured approach, it said. The RBI also has plans to make the united payments interface (UPI) platform fully interoperable with the CBDC. Key Points
Economic Times
The Russia-Ukraine war may become a testing ground for AI
Artificial intelligence (AI) will have a major impact on warfare and geopolitics, with potential benefits including reducing collateral damage, providing detailed strategic targeting information and aiding logistics. AI could also be used in psychological and information warfare, back office activities and cyber attacks, potentially becoming the most dangerous attribute. The Pentagon is urged to refine its implementation of AI in the Ukrainian campaign to fully understand the impact on the conduct of war. Key Points
mint