Artificial Intelligence shares, robust funding, appetite for regulation are hints it is booming: Report
New Delhi [India], September 15 (ANI): Artificial Intelligence as a technology in its current form is largely task-oriented and typically not capable of dealing with a situation where logic and reasoning are needed. But it is here to stay and it has of late become the talk of the town. Generative AI, also referred to […] Key Points
ThePrintRisk of data breaches, cyber frauds up due to digitisation: RBI report
The report citing German data and statistics platform Statista said globally, cybercrime costs are expected to reach $13.82 trillion by 2028, up from $8.15 trillion in 2023. Key Points
Economic TimesMicrosoft outage: CrowdStrike update to cost US Fortune 500 firms $5.4 billion, report says
CrowdStrike's July 19, update is estimated to cost $5.4 billion to the US Fortune 500 companies, according to the insurer Parametrix reporter The Guardian on July 24 (BST). The total insured losses for the non-Microsoft Fortune 500 companies are likely to be from $540 million to $1.08 billion. Key Points
mintPlanet warming nitrous oxide emissions soared 40 per cent in last 4 decades: Report
Excess nitrogen results in soil, water, and air pollution. Use of chemical fertilisers and animal waste on croplands soared deadly emissions of nitrous... Key Points
The Tribune IndiaAsia’s growth outlook remains positive despite external uncertainties, says ADB
The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions. Key Points
ThePrint
Indians up their spending on dieticians by 125% in financial year 2023-34: Report
Health coaching also saw a notable 45% jump in transactions, showing a clear interest in fitness guidance. Indians have increased their spending on dieticians by... Key Points
The Tribune IndiaGovt reportedly expediting Starlink's license ahead of Elon Musk's India visit. All we know so far
Elon Musk to visit India for 48 hours, making key announcements related to Tesla and Starlink. DoT expediting granting license to Starlink service, considering security issues. Musk expected to meet PM Modi and other officials, seeking reduction in import duties on electric vehicles. Key Points
mintQuirky tales from '57 polls: Voter offering prayers to ballot box; candidate filing paper as 'Christ'
During the 1957 elections, a voter in Madras chose to vote only for Sukumar Sen, the first CEC, amidst election propaganda harassment. Unusual incidents added humor to the serious event. Key Points
Economic TimesThe influencer diaries: How influencer marketing has upended India Inc’s sales pitch and advertising spend
Influencer marketing is expected to grow by 25% in 2024, reaching ₹2,344 crore and rising to ₹3,375 crore by 2026, as per the report. The report was based on an EY survey of 2,053 respondents, including 86 brands, 556 creators, and 1,411 other industry professionals, said Amiya Swarup, partner, marketing advisory, EY India. Roughly 40% to 57% brands in categories like FMCG, ecommerce, and automobile are expected to increase spending on influencer marketing by 10% by 2026. Key Points
Economic TimesIndia Employment report paints a dire picture for youth. But it has praised Modi govt too
The report praised the quality of the government’s data. This was a particularly noteworthy point since India’s data system has almost faced criticism from economists & statisticians. Key Points
ThePrint
UN labour body ILO’s employment report on India is full of praise for govt data. Here's what it says
However, the International Labour Organization flags an unemployment crisis in India. report an analysis of employment scenarios from 2000 to 2022, relies heavily on govt surveys. Key Points
ThePrintCiting International Labour Organization & Institute for Human Development report, Congress targets Modi g
The Congress criticized the Modi government over rising unemployment, citing the India Employment report 2024 by ILO and IHD. Congress president Mallikarjun Kharge called it a ticking bomb and criticized the government for not addressing the issue. Jairam Ramesh highlighted concerns over the past decade, noting minimal employment growth despite new job entrants. He also pointed out high urban and rural youth unemployment rates and a shift towards low-paying informal jobs without social security under the Modi government. Key Points
Economic TimesFY25 outlook bright, need to watch out for CAD: Finmin
India's economic outlook for FY25 is positive with strong growth, stable inflation, and robust external account. The government's capital push boosts private investments. Focus needed on increasing domestic savings, monitoring global challenges, and attracting foreign investments for sustainable growth. Key Points
Economic TimesRed Sea crisis could spike inflation & lower growth, but other routes have own issues, says govt
Sectors like fertilisers, oil, auto, chemicals, textiles & metals could be further affected, it warns in monthly report. Diversifying trade routes could lower competitiveness of exports. Key Points
ThePrintDomestic household savings needs to increase to finance pvt capital formation in economy: Finance Ministry
India needs to bolster domestic household savings to support private sector capital formation, as per the Finance Ministry's Monthly Economic Review. The report anticipates a better current account balance in the ongoing fiscal year due to a reduced merchandise trade deficit and increased net services receipts. However, concerns persist regarding the current account deficit in FY25. Key Points
Economic Times
Small-town consumers spent more on durables & education, less on staples: Report
Indian consumers in tier-2, tier-3, and rural markets prioritize consumer durables, education, and services over staples. The Bharat Lab's report highlights changing spending patterns, emphasizing the importance of sub-regionality and value consciousness, impacting sectors like fuel and tourism across different states. Key Points
Economic TimesTired of spam calls and messages? Here's how this new Government portal can help you
Ministry of Telecommunication launched Chakshu portal for reporting fraud calls/messages. Users can report within 30 days, cyber crimes at 1930 helpline or cybercrime.gov.in. Digital Intelligence Platform (DIP) coordinates stakeholders to prevent misuse of telecom resources. Key Points
mintAsia shares subdued, yen firm as BOJ ponders positive rates
By Wayne Cole SYDNEY (Reuters) -Asian share markets sputtered on Monday while the dollar looked vulnerable ahead of a reading on U.S. inflation that could hasten, or delay, the start of global rate Key Points
ThePrintPassenger vehicles industry to grow up to nine percent this fiscal, says ICRA
The report said that dealer inventories remain high despite strong retail sales, and the pace of growth is expected to taper off in the coming financial year. ICRA said that during the recently concluded festive season, retail sales grew six percent year-on-year. Key Points
Economic TimesAmbanis' big bash league. World watched Jamnagar and it has only just begun
Gujarat's Jamnagar sprung to life for the pre-wedding celebrations of Anant Ambani, the youngest child of Asia's richest man, Mukesh Ambani. It was a weekend party that screamed international headlines. Key Points
India Today
Rapes, molestations unearthed at Gujarat National Law University. 'Really scary,' says HC
India News: Incidents of molestation, rape, homophobia and discrimination have been reported on the campus of Gujarat National Law University (GNLU) by a fact-finding committee. The report was termed 'really scary' by the Gujarat HC. The university's administration was criticized for suppressing the voice of students. HC has decided to form a high-level investigation into GNLU's affairs. Key Points
Times Of IndiaIndia's entrepreneurial households set to drive economic surge with $8.8 trillion transaction value
A recent report by Praxis Global Alliance and Enmasse indicates that India is home to approximately 247 million entrepreneurial households, expected to drive the nation's economic surge with a transaction value of $8.8 trillion in FY23. The study introduces the concept of core transaction value (CTV), projecting a 12.7% YoY growth to $95.2 trillion by FY43. Key Points
Economic TimesLiquidity deficit tightening financial conditions: CRISIL
Financial conditions have tightened the economy with liquidity going into a deeper deficit putting upward pressure on short-term rates, according to a research report by CRISIL Market Intelligence and Analytics. The report released during the month also said that foreign portfolio investors turned net sellers further aggravating the tight liquidity conditions. Key Points
Economic TimesFood inflation to moderate in coming months, outlook for Indian economy appears bright: Monthly economic r
The Department of Economic Affairs released the monthly economic report for January, indicating an expected moderation in food inflation in the coming months. Retail inflation dropped to a three-month low of 5.1% in January 2024. The report highlighted a decline in price indices for vegetables, pulses, and overall food items, suggesting further moderation in food inflation. With core inflation stabilizing and food prices moderating, the outlook for low headline inflation appears promising. Key Points
Economic Times50% of time Indian users pick up their phones out of habit: Report
According to the global management consulting firm Boston Consulting Group (BCG), a typical smartphone user picks up the phone 70-80 times a day.. One out... Key Points
The Tribune India
India a 'foreign interference threat', could influence elections: Canadian intelligence report
India News: Read the Canadian Intelligence report that identifies India as a 'foreign interference threat' with the potential to influence elections. Find out more about the report's findings and the urgent need to address foreign interference actively. Key Points
Times Of IndiaYields and dollar jump, stocks rally on blowout US jobs report
By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Treasury yields jumped, the dollar surged and world equities rallied on Friday after a blowout U.S. jobs report scuttled any lingering Key Points
ThePrintYields, dollar jump on blowout US jobs report, stocks edge up
By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Treasury yields jumped, the dollar surged and global equities edged higher on Friday after a blowout U.S. jobs report scuttled any Key Points
ThePrint‘Old Hindu temple’s remaining parts…': What ASI survey says about Varanasi’s Gyanvapi mosque cellars
A Varanasi district court allowed the Hindu side to offer prayers at the southern cellar, also known as ‘Vyas Ka Tehkhana’, inside the Gyanvapi mosque. Here is the ASI survey report about the Gyanvapi mosque. Key Points
mint'Make Ayodhya report public': Archaeologist who led excavations urges Centre
BR Mani, initially led the Allahabad High Court-ordered survey and excavations at the Janmabhoomi-Babri-Masjid site in 2003. In an exclusive interview to IndiaToday.In, the top archaeologist urges the Centre to release the ASI report so that all doubts regarding the site are put to rest. Key Points
India Today
What ASI report on Gyanvapi mosque survey revealed: 'Broken Shivalinga, figures of Hanuman'
The Archaeological Survey of India's report on the Gyanvapi mosque revealed that a lot of Terracotta objects including figurines of deities were found from debris in the western wall area of the premises. Check details here. Key Points
mintAfter ASI findings, it's over to mosque committee now
The Archaeological Survey of India (ASI) has submitted a scientific survey report on the Gyanvapi mosque premises, stating that a Hindu temple existed before the current structure. The report is now subject to objections from the Anjuman Intezamia mosque committee. Key Points
Economic TimesGyanvapi built on remains of pre-existing temple, claims Hindu side lawyer citing ASI survey report
According to counsel for the Hindu side, Vishnu Shankar Jain, the ASI survey report on the Gyanvapi complex in Varanasi reveals that the mosque was built on the remains of a pre-existing temple. Jain stated that the report, consisting of 839 pages, provides sufficient evidence of the temple's existence before the mosque was constructed. Earlier, 11 individuals from both the Hindu and Muslim sides had applied in court to obtain the ASI survey report. Key Points
Economic TimesPanchayats need to intensify efforts to augment revenue resources: RBI report
Finances of Panchayati Raj Institutions (PRIs) face constraints as they have limited own revenues from property taxes, fees and fines. Nearly all of their revenues are generated through grants from higher levels of government, underscoring their heavy reliance on the central and state governments, as per the report on 'Finances of Panchayati Raj Institutions' by the Reserve Bank of India (RBI). Key Points
Economic TimesNearly 100 million Indians to earn over $10k by 2027: Report
According to a Goldman Sachs report titled 'The Rise of Affluent India,' the number of affluent Indians with an annual income of $10,000 or more has grown 12 times faster than the overall population in the past four years. The report estimates that the affluent population is set to reach 100 million by 2027. Key Points
Economic Times
AI-powered misinformation top threat: WEF
In its latest Global Risks Report, the organisation also said an array of environmental risks pose the biggest threats in the longer term. The report was released ahead of the annual elite gathering of CEOs and world leaders in the Swiss ski resort town of Davos and is based on a survey of nearly 1,500 experts, industry leaders and policymakers. Key Points
Economic TimesIndia's GDP to surpass $4 trillion in 2024-25: PHDCCI report
The Indian economy is showing evidence of strong growth...It is imperative that there is a need to remain watchful and adaptable in the coming days to mitigate the dangers presented by the global economy through carefully calibrated policy actions, the report stated. Key Points
Economic TimesEconomic growth of India is not unequal: SBI report
The report, released two days after the first advance estimates of India’s 2023-24 GDP gave a higher-than-expected growth of 7.3%. | Latest News India Key Points
Hindustan TimesWhatsApp bans 7.2 million Indian accounts in November 2023: Here's why
WhatsApp banned 7,196,000 accounts in India between November 1 and November 30, 2023, with 1,954,000 accounts being proactively banned. The report also emphasizes the company's focus on abuse prevention and provides insights into user grievances and corresponding actions taken. Key Points
mintAsset quality of banks improves to decadal high at end-September: RBI
New Delhi [India], December 27 (ANI): The gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023, the Reserve Bank of India said on Wednesday in a report titled ‘Report on Trend and Progress […] Key Points
ThePrint