Business Standard
Business News: Get latest news on share market, personal finance news, economy news, stock market updates, company news, politics news, Assembly Election Results 2024, breaking news at Business Standard. Catch all the latest Nifty Sensex news live updates.
Updated: 46 min 14 sec ago
Cloud, AI-ML top emerging techs adopted by Indian banks, reveals RBI survey
The survey, conducted in November 2024, included responses from 12 state-owned banks and 19 private sector banks to assess the adoption of emerging technologies
Stress in microfinance sector doubles in April to September period: RBI
Earlier, the RBI had warned that some NBFCs, including MFIs, were adopting a "growth-at-any-cost" approach and cautioned that regulatory action would be taken if necessary
NBFCs' loan growth moderates significantly to 6.5% in H1FY24: RBI report
The corporate bond market remains a significant funding avenue for NBFCs, which are the largest issuers of bonds, with private placement being the preferred mode
RBI flags risk to secured loans from slippages in smaller personal loans
The RBI noted that first defaults are predominantly observed in unsecured advances
India's car colour preference: White dominates, but black, blue intrigue
Data from Jato Dynamics highlights a shift in Indian car colour preferences, with bold and vibrant shades gradually gaining ground, though white continues to dominate for now
SpiceJet shareholders discuss funding and expansion plans during AGM
At the 40th Annual General Meeting (AGM), members also transacted various businesses, including adoption of audited financial statements for the financial year ended March 31, 2024
In 2024, artificial intelligence was all about finding its use cases in biz
The first 100 million or so people who experimented with ChatGPT upon its release two years ago actively sought out the chatbot, finding it amazingly helpful at some tasks
Lupin acquires Huminsulin from Lilly to strengthen diabetes portfolio
The Huminsulin range is vital for managing both type 1 and type 2 diabetes, helping control blood sugar levels in adults and children
Nvidia corp completes acquisition of Israeli software startup Run:ai
The software - which currently works on only Nvidia-based systems - will be open-sourced, meaning that others will be able to take code & use it to tune computers that use hardware from Nvidia's rival
Ikea FY24 results: Loss widens to Rs 1,299 cr, revenue up at Rs 1,809.8 cr
Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore a year earlier
External debt rises to $711.8 billion as of Sep, 4.3% up from June: FinMin
In September 2024, India's external debt was placed at $711.8 billion, recording an increase of $29.6 billion over its level at June-end 2024
AI, cybersecurity to drive 1 mn jobs by 2030: Quess IT Staffing report
Strategic investments in upskilling will remain pivotal as the workforce adapts to increasing demand for AI, cybersecurity, and cloud computing
Indian economy prospects expected to improve, says RBI Guv Sanjay Malhotra
He noted that RBI's focus remains steadfast on maintaining the stability of financial institutions and, more broadly, systemic stability while preserving financial stability to support higher growth
Senores gains 43% on stock market debut; Ventive up 10%, Carraro dips 10%
The listing-day performance largely reflected the subscription levels of the three initial public offerings (IPOs)
Rajat Verma appointed as DBS Bank India CEO, to succeed Surojit Shome
In a statement, DBS said Verma, current head of institutional banking group at DBS Bank India, had been appointed, effective from March 1, in line with RBI approval
Govt signs Rs 1,990 crore defence deal with Mazagon Dock Shipbuilders
The ministry also signed a Rs 870 crore ($102 million) contract with France's Naval Group for integration of torpedoes on Indian navy submarines
Mswipe's payment business turns profitable, FY24 revenues grow 6%
In FY24, payments revenue grows 6.25% to Rs 275 crore; total payment value more than doubles to Rs 50,417 crore
India, China to Germany and UK: How major economies performed in 2024
While India and US have optimistic outlooks going into 2025, Germany and UK may see sluggish growth
Banks' gross bad loan ratio seen worsening by March 2026: RBI report
This key measure could rise to 3 per cent by the end of March 2026 from a 12-year low of 2.6 per cent in September 2024 for 46 banks under the so-called baseline scenario
Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar
The stake sale, which will occur in two tranches, is estimated to fetch the Adani group approximately $2.2 billion (Rs 18,824 crore) upon completion