Best of the Week | Bollywood needs to find a new villain
₹70 lakh for Hyderabad posting); Accenture ( ₹60 lakh), Asian Paints, and Emami Group ( ₹15-18 lakh). Amongst banks, Axis, ICICI, HDFC and IDFC have rolled out offers for ₹20-24 lakh. Government-run banks are raking in hefty profits.
In the first three quarters of FY24, public sector banks (PSBs) made over ₹98,000 crore. This number is expected to hit ₹1.3 trillion by the end of next month. The state may now be looking for more dividends from PSBs, the same from RBI may be on the same level as the current fiscal.
RBI’s dividend stood at ₹87,416 crore in 2023-24 helped the Centre revise its budget estimates. Rhik Kundu and Subhash Narayan report on how the central government is looking at state-run banks for dividends to reach its non-tax receipts target of ₹3,99,701 crore in 2024-25. Hyderabad-born CEO of Microsoft Satya Nadella is bullish on the Indian AI scene.
With Microsoft being a major investor in OpenAI (to the tune of $10 billion!), it is clear that his company is going big on AI. Speaking at an event in Mumbai on Wednesday, Nadella said that India was keeping pace with the global development in AI, something he saw happening for the first time. “This is the first time I feel what’s happening in India and what’s happening in the rest of the world—there is no impedance (delay), there is no gap," Nadella said.
In 2021, excitement surged around agritech startups, particularly those streamlining the farm-to-fork supply chain, promising efficiency and tech advancements for India's vast agricultural sector. The $500 billion sector looked ripe for technological infusion. The agritech sector even witnessed an investment boom in 2021-2022 with $1.28 being infused.
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