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Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says focus will be towards the slightly larger PSU banks given their ability to defend market share as well as their ability to raise capital which will again help in terms of loan growth as well as deposit growth. The auto pack is fairly well placed. There are pockets where growth remains strong, margins are improving because lower commodity costs continue to play out and in terms of portfolio positioning in the auto and auto ancillaries space, Kotak continues to be overweight. Let us begin with PSU banking space itself because that seems to be the flavour right now. Which are the names, if any, that still look very good? Will you stick your neck out and talk about only the largecap PSU banking names or is it getting a lot wider?While I cannot talk about specific names, let us discuss the PSU banking pack as a whole. Over the last year or so, there has been tailwinds in the overall banking sector and there has been improvement in terms of profitability in terms of return on assets for the bank. The second most important factor is that we are now in a scenario where credit costs have been extremely benign and then together with the news that has come in today in terms of the bond inclusion, overall it does look that from interest rate perspective and bond yield perspective, there is the much needed downside support that has come through.

Rising oil prices are, generally speaking, wonderful for companies that pump it out of the ground. But only up to a point. Crude near $100 a barrel might be an unattractive price for everyone involved.

Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft. «Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres,» he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company.

Chip startup Rivos is countersuing Apple Inc., claiming the tech giant forces employees to sign restrictive agreements that prevent them from working elsewhere and stifle up-and-coming companies that hire its staff. The countersuit filed Friday by Rivos and six ex-Apple employees in a San Jose federal court escalates an acrimonious trade secret feud that began when Apple last year sued Rivos and former employees who joined the startup. Rivos is pushing back by asking the court to rule that Apple’s “overbroad” non-disclosure and non-solicit agreements are unenforceable.

inflation and market turbulence, local tech salaries in the US, including those for fully in-person or hybrid roles, have experienced their most significant year-over-year decline, dropping 3% from $161,000 to $156,000, a new report has revealed. When adjusting for inflation, the data by AI-driven marketplace Hired revealed a staggering story — local US salaries have plummeted to their lowest point in the past five years, decreasing 9% from $141,000 to $129,000 from 2022 to mid-2023.

Also Read: Jaishankar dismisses 'West as bad guy' narrative, sheds light on Global South's rising role in diplomacy EAM also noted that contemporary geopolitical considerations and rivalries are influencing fundamental needs in many countries, such as their ability to access affordable food, fertilizers, and energy. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! "With each passing day, in fact, it has become clearer to us that today geopolitical calculations and geopolitical contests are impacting very basic requirements of many countries, including their affordable access to food, to fertilizers and to energy," Jaishankar said.

Back then, he had recorded a session for IBM and later signed a release form allowing the recording to be used in many ways. Of course, at that time, Mr. Marston couldn't envision that IBM A.would use anything more than the exact utterances he had recorded. Thanks to artificial intelligence, however, IBM was able to sell Mr. Marston's decades-old sample to websites that are using it to build a synthetic voice that could say anything. Mr. Marston recently discovered his voice emanating from the Wimbledon website during the tennis tournament. (IBM said it is aware of Mr. Marston's concern and is discussing it with him directly.)

Shombi Sharp said that the UN in India is pleased to have an exchange of Letters of Intent with the Bill and Melinda Gates Foundation to launch a new partnership to help amplify India and South-South cooperation. In an interview with ANI, Sharp said, «We also were very pleased on behalf of the United Nations in India, to launch or to have an exchange of Letter of Intent with the Bill and Melinda Gates Foundation to launch a brand new partnership to help amplify Indian South-South Cooperation. Reflecting that the UN system in India really has a true two-way partnership with India.» Shombi Sharp's remarks came after an exchange of a Letter of Intent between UN-India and the Bill and Melinda Gates Foundation in the presence of External Affairs Minister S Jaishankar was held at the India-UN for Global South: Delivering for Development event. He said that the UN is identifying best practices of India's development and helping to codify that and share that practice with other nations for their benefit.

Prabhjeet Singh, president of Uber India and South Asia, will be swapping his comfortable corner office for the driver’s seat — quite literally. Singh will be driving customers around, a move he says will offer valuable insights into their points of view.

Micron broke ground for its $2.75-billion (Rs 22,854 crore) chip packaging plant at Sanand in Gujarat on Saturday, marking a significant milestone in India’s goal to emerge as a hub for global semiconductor manufacturing. The Idaho-headquartered company, which had announced its intent to invest in India during Prime Minister Narendra Modi’s trip to the US in June, received a fast-track approval for its proposal, becoming the first overseas company to commence construction under the ambitious $10-billion India Semiconductor Mission.

Rupert Murdoch showed foresight in a tough industry, but intrigue surrounds the empire. Here are ten thoughtful opinion pieces from the last week.

India-Middle East-Europe Economic Corridor (IMEC) was launched with the promise of galvanising connectivity and trade through India, the Arabian Gulf and Europe, with an underlying goal of shifting geopolitics in the region, by countering China’s Belt and Road Initiative (BRI). The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, and Europe.

Long Island band teacher is at the center of a scandal, leading to his removal from his position. The teacher, who worked within the Herricks Union Free School District, stands accused of engaging in inappropriate, explicit online interactions with an individual posing as a 15-year-old girl. This unfolding story has sent shockwaves through the community and raised critical questions about online safety and the consequences of digital misconduct.

Ather Energy posted a more than fourfold rise in operating revenue to Rs 1,783 crore in the financial year ended 31 March, even as net loss widened more than twofold to Rs 864 crore because of a sharp increase in expenses. The electric scooter maker, backed by Hero MotoCorp Ltd, had recorded an operating revenue of Rs 408 crore on loss of Rs 344 crore in FY22.

The forthcoming policy is built on the «polluter pays» principle, as revealed by an official to TOI. Under this principle, the licensing fee for electric taxis may be set at zero, while CNG taxis may incur a licensing fee of Rs 650. This policy is expected to pave the way for electric bike taxis while simultaneously imposing stricter safety regulations on cab services.

Small Industries Development Bank of India (SIDBI) on Saturday said it has inked an agreement with the Digital Lenders Association of India (DLAI) to boost the country's fintech sector.

Ashwini Vaishnaw said on Saturday. Without divulging specifics of the proposals, the minister said the projects will focus on a special area where India can emerge as a leader at the global level. While speaking with PTI on the sidelines of the groundbreaking ceremony of Micron's semiconductor plant, Vaishnaw said that the global semiconductor company is noticing the progress made by India in the segment and Prime Minister Narendra Modi's capability to execute large and complex policy decisions.

Delhi High Court has granted Viacom18 a broad, dynamic injunction for the bilateral matches involving the Indian cricket team. Viacom18 owns the media rights to the bilateral matches organized by the Board of Control for Cricket in India (BCCI). With the help of this dynamic injunction, Viacom18 will be able to take rapid action against rogue websites that indulge in piracy.

Google is adding a useful «Select all» button to Gmail on Android, allowing users to clean up their inbox more easily and quickly. According to 9to5Google, Gmail for Android will start showing a «Select all» button when users start selecting multiple emails at once. This feature has been available on Gmail's web app for quite some time, but has never been available on mobile devices.

Salesforce has signed a definitive agreement to acquire Airkit.ai, a creator of artificial intelligence (AI)-powered customer service applications and experiences — to expand AI capabilities. Following the acquisition, Airkit.ai will become a subsidiary of Service Cloud and will be led by Adam Evans, Co-Founder and CTO of Airkit.ai.

telecom infrastructure in North East, suggesting parleys with the state governments to harmonise their respective 'right of way' policies with related Central rules, as well as favouring provision of electricity to telecom sites on priority at utility tariffs.