Country Financial News
08.12 / 13:39
Citi
Provident
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Align
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innovations
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Housing.com launches AI-powered Price Trend Engine to enhance home search experience
In a significant development for home searchers, Housing.com has unveiled an AI-driven Price Trend Engine. This feature utilises Machine Learning (ML) and Artificial Intelligence (AI) to offer users critical pricing data and insights, thus facilitating more informed decisions for buying, selling, or renting properties.
08.12 / 13:39
Citi
Provident
Waters
economy
country
innovations
Infrastructure is a key driver of India’s economy: Sandeep Gulati
Given its crucial role in shaping India’s overall development, the government places significant emphasis on the infrastructure sector and has been actively implementing pragmatic policies, says Sandeep Gulati, MD, India and South Asia, Egis, a France-based leading global consulting, construction engineering and operating firm.
08.12 / 13:39
Action
economy
Align
BAY
Death
band
country
No Surprises: RBI to maintain status quo on rates
‘It is a truth universally acknowledged that a Central Bank in possession of well-behaved Inflation Trajectory must be in want of a benign Global Context.’ Jane Austin might not have written those exact words but the sentiment resonates as we approach the December 2023 Monetary Policy Committee (MPC) decision. Since, their last meeting in October 2023, much has changed, yet not so much.
08.12 / 13:39
Provident
Progressive
Merit
Align
performer
country
reports
Real Estate AIF: A wealth generation opportunity for NRIs
Earlier this year, Prime Minister Narendra Modi extolled the role of NRIs (Non-Resident Indians) in India’s progress and emphasized that this is the ideal time to invest in the country’s growth.
08.12 / 13:39
Citi
Dreams
show
country
consequences
reports
Check how office rental values rose in NCR, MMR, Pune, Hyderabad & other cities in H1 FY24
The first half of fiscal year 2024 remained lacklustre for commercial office space activity across the top 7 cities, with both net absorption and new completions remaining largely stagnant compared to the same period last year. New office supply across the top 7 cities rose by a meagre 5% in H1 FY2024 against H1 FY23, and net office absorption saw a marginal yearly decline of 1% in this period.
08.12 / 13:39
Provident
Target
CEO
Strategy
Align
country
strain
RBI holds key policy rates: How it will impact existing and new home loan borrowers
The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday chose to maintain the repo rate at 6.5 per cent, affirming its dedication to stability while gradually scaling back accommodation to align inflation with the 4 per cent target. This stability is likely to bolster sentiments in the real estate sector, which is already experiencing positive trends in key markets across the country. Furthermore, consistent lending rates have the potential to encourage investments, fostering economic growth.
08.12 / 13:39
Citi
Digital
CEO
Align
Experts
country
Unchanged home loan rates to increase consumer confidence, boost home buying: Experts
In a bid to tame inflation and sustain economic growth, the Reserve Bank of India (RBI) on Friday decided to keep the repo rate unchaged at 6.5% for the fifth time in a row, which is good news for both homebuyers and real estate.
08.12 / 13:39
Aware
CEO
country
Financial
FPSB India and Association of Registered Investment Advisors partners to raise awareness on the importance of Financial Planning
The Financial Planning Standards Board India (FPSB India) has signed a Memorandum of Understanding (MoU) with the Association of Registered Investment Advisors (ARIA) to advance the practice of financial planning in India and foster a culture of financial well-being in the country, as per the press release.
08.12 / 13:05
Digital
country
Axel Springer to close Upday in shift towards AI-based news
BERLIN (Reuters) — Axel Springer is shutting down the news outlet Upday, the German publishing giant said on Friday, in plans to revive the brand as a «trend news generator» driven by artificial intelligence.
08.12 / 12:55
08.12 / 12:55
Provident
Entertainment
economy
DocuSign
country
reports
travelers
Dow futures turn lower as U.S. jobs report looms large
Investing.com — U.S. stock futures turned lower on Friday, as investors focused in on the all-important November jobs report.
08.12 / 11:53
Citi
Action
Mobile
economy
Remark
President
country
In Russia, All Policy Roads Lead to the War
Vladimir Putin broke with tradition when delivering his New Year’s televised address on the last day of 2022. For more than two decades, the Russian president had appeared alone, usually in front of imposing Kremlin backdrops. This time, he stood before a group of men and women in military uniforms who he said had been taking part in the “special military operation"—the Kremlin’s code for its brutal war against Ukraine.
08.12 / 11:53
Manufacturing
Volkswagen
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Experts
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country
2020
‘Asia’s Detroit’ Wants an EV Makeover. Enter: Chinese Carmakers.
RAYONG, Thailand—Ever since Nissan Motors started building cars in Thailand in the early 1960s, Japanese companies have been a driving force in the country’s rise as an auto manufacturing powerhouse. Now, Chinese competitors are moving in to bring it into the electric age. On the outskirts of Thailand’s carmaking capital, Rayong, not far from the industrial zones home to Japanese auto plants, China’s largest electric-vehicle maker, BYD, is developing what industry experts believe will be Thailand’s biggest car plant.
08.12 / 11:53
Target
Progressive
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country
reports
Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices
RBI Governor Shaktikanta Das said that notwithstanding the progress made on lowering inflation, the regulator’s 4% target was yet to be reached. The Reserve Bank kept its inflation forecast unchanged, projecting CPI-based inflation at 5.4% for FY24.
08.12 / 11:53
FIVE
Entertainment
Netflix
film
love
show
country
No reason Netflix can’t hit 100 million subscribers in India: Ted Sarandos
Ted Sarandos, co-CEO of Netflix, feels that the company has finally cracked the Indian market and is seeing remarkable growth in both subscribers and engagement. In an interview, he said Netflix is committed to investing in India and that getting to 100 million subscribers in the country is achievable. Sarandos also said that introducing an ad-supported plan in the US made sense as the subscription market there was saturated, while India's still had room to grow.
08.12 / 11:53
Manufacturing
Apple
Bill
country
electronic
reports
Big Labor Is a Big Barrier to Apple’s India Ambitions
India is front and center of Apple’s plans to diversify production away from China. But shaky infrastructure isn’t the only obstacle. There is another crucial complicating factor: a powerful and independent labor movement.
08.12 / 11:53
BURST
pandemic
country
cover
exclusive
Department
Luxury Stores Are Bursting With Unsold Stuff
Fashionistas can smell blood. Luxury brands need to find ways to unload their growing pile of unsold stock without reeking of desperation. The luxury industry is slowing as shoppers sober up after their pandemic spending spree.
08.12 / 11:53
Manufacturing
Healthcare
PPL
country
hospital
reports
Piramal Pharma to invest ₹1,000 cr for expansion: Nandini Piramal
₹1,000 crore over the next 18 months towards consolidating, building operational excellence, and growth through expansions, chairperson Nandini Piramal told Mint in an interview. “For the second half of the fiscal year, the company plans to deploy around ₹330 crore, focusing on revenue gain, operational excellence, and making the added brownfield capacities more productive," Piramal added. “And then probably on similar lines, ₹660 crore for the full fiscal year.
08.12 / 11:37
Manufacturing
CEO
NVIDIA
country
information
reports
Nvidia CEO suggests Malaysia could be AI 'manufacturing' hub as Southeast Asia expands data centers
The CEO of chipmaker Nvidia views Malaysia as a potential hub for artificial intelligence “manufacturing.”
08.12 / 11:37
08.12 / 11:35
Provident
Digital
Citizens
Gap
country
social
India to have a competitive, viable banking sector by 2047, says DFS Secretary
banking sector by 2047 with substantial Indian ownership, universal access to banking and other financial services for all our citizens at the lowest intermediation costs, financial services secretary Vivek Joshi said. Speaking on the NextGen Reforms at the CII Global Economic Policy Forum 2023, Joshi said cybersecurity and digital data protections will be an area of concern and emphasised on a need for continuous review of financial reforms to identify regulatory gaps and overlaps and benchmark them with the best global practices. “The expenditure on cyber security arrangements needs to be enhanced by all stakeholders.
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