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AU Small Finance Bank is targeting to double its balance sheet size to Rs 2.5 lakh crore in three years, helped by the acquisition of Fincare SFB and the growing consumption trend in the country. The bank earlier this week operationalized Authorised Dealer (AD-I) license with foray in forex with 'AU Remit' and Cross-border Trade with 'AU DigiTrade'. «We are targeting a growth of 25 per cent in the next three years and we should double the balance sheet size to Rs 2.5 lakh crore by the time we complete one decade of existence,» AU Small Finance Bank managing director Sanjay Agarwal told PTI. The bank started its business in 2017, with a balance sheet size of Rs 10,000 crore, which has now crossed Rs 1.25 lakh crore. Human resources has gone up from just 3,000 to 46,000 during the same period, he said.

Marrying two of the most trending concepts in the crypto space – AI and Meme, the brand new WienerAI crypto has garnered attention not only among the memecoin community but also among those interested in AI cryptos.

Chinese stocks and driving value investment strategies in Asia. Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities.

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Girish Madan, Director, Fitch Ratings, says it would be a combination of both thermal and renewable generation sides. In renewables, wWe have seen some pressure on the earnings because tariffs were coming down as competitive intensity was increasing in the sector, but of late the profitability should increase because some of the variables have turned in favour of the Gencos. Some of the commodity prices have also come down. Plus, there has been a 20-30% correction in solar module prices. All these factors could lead to enhanced EBITDA generation as well as profitability for Gencos. Where exactly in the power basket are we seeing the highest amount of activity in terms of addition of capacities? Girish Madan: Over the last few years, we have seen a large part of capacity addition has happened in the renewable space. If we talk about the last two years, around 40 gigawatts have been added in India and 80% of that has gone into solar and wind capacities, mainly solar capacities, so that is where we have seen capacity addition happening. We have seen some volatilities as far as the demand was concerned before COVID, so there was a slowdown in capacity addition. But sustained demand over the last three years has led to a great increase in capacity addition.

investment strategies in Asia. Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near-record-low valuations for Chinese stocks.

deep tech startups have filed more than 900 patents since 2008 in areas such as artificial intelligence (AI), Internet of Things (IoT) and neurotechnology, according to a new study by technology industry body Nasscom. A survey of more than 360 Indian deep tech startups showed that 580 patents were filed in AI, 130 in IoT and 120 in neurotechnology, Nasscom said in its latest report on patenting trends.

Executive search firms say about 30-50% of their CXO searches in the last six to 18 months have been looking at potential global candidates, up from about 10-15% a few years ago. There is a preference for returning Indians fuelled by a push from companies and boards amid an increasing need for professionals with a keen knowledge and understanding of global markets. An acute demandsupply mismatch in the leadership talent market and the need to hire for specialist roles in high-tech manufacturing, automotive, electric vehicles (EVs), pharmaceuticals, chemicals, hardcore product engineering and services industries have underscored the trend, said experts. “About one in three leadership searches that we conduct today are global, not limited to India, reaching out to people in Singapore, US, Canada, London, and Middle East, showing the rising demand for the global talent pool of Indians,” said Puneet Pratap Singh, partner-in-charge at Heidrick & Struggles India.

second phase of polling for five Lok Sabha constituencies, officials said on Saturday. The Nagaon seat registered the highest polling percentage at 84.97, followed by Darrang-Udalguri at 82.01, Karimganj at 80.48, Silchar at 79.05 and Diphu at 75.74, they said. Altogether 77.26 lakh electors were eligible to exercise their franchise in the second phase of polling held on Friday, the election officials said. Women voters recorded a higher turnout of 85.55 per cent compared to the polling percentage of men at 84.41 and the third gender at 16.47.

Independent Bookstore Day, which will be celebrated this year on Saturday, April 27, is a major occasion to pledge to save local and independent bookstore chains and keep them thriving.

Weekly Tech Recap: In a world of ever evolving technology, keeping up with all the latest trends and updates can feel like an uphill battle. But fear not! Our Weekly Tech Recap will help you get a grip on the latest trends, breakthroughs and controversies in the tech world. This week we had a lot of major updates including WhatsApp threatening to quit India if it was forced to break its end to end encrtyption, Apple resuming gen AI related talks with OpenAI and JioCinema releasing a new premium subscription starting at just RS 29/month.

equities in April breaking their two months of buying activity. In April so far, thay have sold local stocks worth Rs 6,304 crore. In March and February, FPIs were net buyers at Rs 35,098 crore and Rs 1,539 crore after selling shares worth Rs 25,744 crore in January. On the net basis, they are still buyers at Rs 4,589 crore, so far in this year.

Congress leader Priyanka Gandhi Vadra on Saturday said that the Bharatiya Janata Party wants to weaken the democracy in the country and has pressurised every institution in the last 10 years to not comment against it. Addressing an election rally in Valsad, Priyanka Gandhi Vadra said, «They (BJP) want to weaken the democracy and people of the nation. Institutions that protect your rights be it media have been weakened. Media used to ask us every day but nothing of that sort is happening today.» Referring to remarks of BJP leader Anantkumar Hegde on «rewriting constitution», Priyanka Gandhi said that it is a «dangerous» trend.

«IT is weak. Banking, you are seeing a bit muted, not so much because of growth or asset quality, but because margins are under some level of pressure,» says Ashi Anand, Founder & CEO, IME Capital. The kind of earnings that we have seen here, globally also there is so much of focus on earnings right now, but then what should one expect? There was one view, one part of the argument was that a heavy earnings or the earnings which could put up a decimal picture like Reliance or maybe IT, those earnings have already gone by now. Look what it looks like now. Can we say the numbers which are yet to report now, the companies which are yet to report numbers now, the growth could moderate here, understanding that the major benefit of the commodity prices environment is largely captured?

In March 2024, the Indian auto industry produced a total of 2,325,959 units, covering Passenger Vehicles, Three-wheelers, Two-wheelers, and Quadricycles. Passenger Vehicles accounted for 368,086 units, Three-wheelers saw 56,723 units, and Two-wheelers dominated with 1,487,579 units sold during the domestic sales for the month of March.

ICICI Bank Q4 results 2024 preview: Amid speculations of weak quarterly numbers from the Indian banks in Q4FFY24, ICICI Bank is going to declare its Q4 results 2024 today. According to market experts, the private lender may see a rise in net profit and net interest income on a rise in loan books and improved asset quality.

Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, lists out three ideas for the week ahead — HUDCO, City Union Bank and Deepak Nitrite.

₹8.87 crore in profit. It is impressive to note that Enkei Wheels India managed to turn around its performance from a loss of ₹4.4 crore in the same period last fiscal year.

In today’s financial landscape, Bitcoin price predictions have become increasingly relevant as the cryptocurrency navigates through volatile market conditions.

music video named 'Spot' that has been jointly worked upon by Blackpink's Jennie and Grown Ass Kid's Zico. 2024 has been a record-setter for many reasons but this year also marks Zico's tenth year in the music industry after some notable tracks, albums and singles including the very popular 'Grown Ass Kid' that was released back in the year 2022.

The cryptocurrency market is a dynamic landscape, often characterized by its volatility and unpredictability. Within this dynamic environment, meme coins have emerged as a unique and intriguing category, capturing the attention of investors and enthusiasts alike. Recently, a new meme coin has entered the scene on the Solana network, promising to disrupt the status quo and potentially follow in the footsteps of successful predecessors like Dogwifhat (WIF) and Bonk (BONK). In this article, we’ll delve into the insights of top analysts to understand why this new Solana meme coin, $HUMP, with a market cap under $250,000,000, could indeed become the next big sensation in the crypto world.