As many as 86 per cent of senior business executives have deployed artificial intelligence (AI) to enhance revenue streams or create new ones, said a report by Tata Consultancy Services (TCS) on Wednesday. As many as 69 per cent of businesses are more focused on using AI for innovation and increasing revenue than on improving productivity and optimising cost, said the ‘TCS AI for Business Study’.
Posts tagged Rediff
Leaning in: Isha Ambani beyond Reliance Retail (16-05-2024)
Isha Ambani means business. Not only when she is doing business – she leads Reliance Retail – but also when she is not. The latter was unmistakable on Wednesday, during her eight-minute 49-second video address on the occasion of “Girls in Information and Communications Technology (ICT) Day India 2024”.
New product launches, margins to drive Godrej Consumer (16-05-2024)
Godrej Consumer Products (GCPL) reported 6 per cent year-on-year (Y-o-Y) consolidated net revenue growth in Q4FY24 to Rs 3,385 crore and this was impacted adversely by currency movement. The constant currency (CC) growth would have been 30 per cent Y-o-Y in Q4FY24. India business clocked 12 per cent Y-o-Y revenue growth (5 per cent of it organic) with volume growth of 15 per cent Y-o-Y (7 per cent organic).
ATM Charges To Go Up After Polls (16-05-2024)
The interchange fee — paid by the card-issuing bank when a customer swipes at another bank’s ATM, including at white-label ATMs — may be raised to Rs 20 to Rs 23.
Is This A Good Time To Buy Stocks? (16-05-2024)
‘Investors need to be stock specific and should not rush to buy stocks at the current levels.’
Sebi Eases KYC Norms For MF Investors (16-05-2024)
Mutual fund investors no longer need to link their PAN with Aadhaar to obtain ‘KYC-registered’ status.
Unemployment rate dips to 6.7% in Q4 (15-05-2024)
The unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year ago, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the March quarter of FY23 was 6.8 per cent, while it was 6.6 per cent in April-June as well as in the third quarter (July-September 2023) of the previous fiscal.
Amazon infuses Rs 1,600 crore into India entity (15-05-2024)
Ecommerce firm Amazon has infused ~1,600 crore into its India entity Amazon Seller Services, according to its regulatory filings. The funding comes at a time when the company is seeing opportunities in emerging geographies, including India. The regulatory filings are dated April 15. This is the second time in five months that Amazon invested in its India arm Amazon Seller Services. Before this, Amazon had infused over ~1,000 crore into its Indian entity this year.
Sensex slips over 100 pts on foreign fund outflows (15-05-2024)
From the Sensex pack, Tata Motors, Asian Paints, HDFC Bank, JSW Steel, Hindustan Unilever, Nestle and Titan were the major laggards. In contrast, Bharti Airtel, Power Grid, NTPC, Mahindra and Mahindra, Larsen and Toubro and HCL Technologies were among the major gainers.
Are Plug-In Hybrid Cars The Future? (15-05-2024)
Plug-in hybrids have two engines and the electric part has a much larger battery than in the regular hybrids. Car companies, led by the Japanese, are pushing the Indian government to look at hybrids in the interim if it wants to reduce carbon emission.