Posts tagged Rediff
Are Newbie Investors Prepared For Market Turbulence? (28-12-2023)
We have millions of newbie investors who are clueless about how to handle sudden and severe adverse market reactions, which arrive from time to time, observes Debashis Basu.
Chilling numbers: 14,483 banking fraud cases in H1FY24 (27-12-2023)
The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.
India Inc seeks 3.9 mn jobs for frontline workers (27-12-2023)
Despite ongoing macroeconomic headwinds, demand for frontline workers continues to remain strong in India at 3.9 million jobs in the first half (H1) of financial year 2023-24 (FY24), according to a report by workforce management platform BetterPlace. Most of this demand was driven by the logistics and mobility sector, which accounted for over 50 per cent of the total demand, the report added. This was followed by e-commerce, and integrated facility management and information technology (IFM and IT), which accounted for 27 per cent and 13.7 per cent of the overall demand, respectively.
AI: India now 15th has ‘greatest upward potential’ (27-12-2023)
India may be 15th among the top 25 Artificial Intelligence nations, but it has the 'the greatest upward potential' according to research by Tufts University's business school, the Fletcher School. At the top is the US, followed by China, fighting for global leadership in AI followed by the UK, Japan, and Germany. In the 15th spot, India is ahead of Brazil, Argentina, Indonesia, Mexico, Turkey, Indonesia and Thailand.
Sensex climbs Mount 72K; Nifty hits all-time high (27-12-2023)
Among the Sensex firms, UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, State Bank of India, Larsen and Toubro, Infosys and Bajaj Finserv were the major gainers. On the other hand, NTPC and Tech Mahindra were the laggards.
How PLI scheme is fuelling Dixon’s global dreams (27-12-2023)
Dixon Technologies right now is a beehive of activity. It is building a new facility in Noida to make 1.3 million laptops for Taiwanese PC maker Acer. The facility must be up and running in four months. The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology (IT) hardware brand in India, to assemble laptops and notebooks. Though the clientele in these two cases is Taiwanese and Chinese, Dixon is a company reaching for the stars with its feet planted firmly in the Indian government's policy.
M and A Sees Sharp Decline in 2023 (27-12-2023)
Bankers said the outlook of M and amp;As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
IMF cautions India on govt debt vulnerabilities (27-12-2023)
The International Monetary Fund (IMF) warned on Tuesday that India's general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India's climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.
IMF cautions India on govt debt vulnerabilities (27-12-2023)
The International Monetary Fund (IMF) warned on Tuesday that India's general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India's climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.
High valuations may cap further rally in IRCTC stock (27-12-2023)
Investor interest in IRCTC (Indian Railway Catering and Tourism Corporation) has grown after the recent announcement that the PSU is expanding into non-railway catering and focusing on branding to become a premium hospitality brand. The company has also declared good results. In the July-September quarter (Q2FY24), IRCTC delivered 30 per cent year-on-year (Y-o-Y) growth in PAT (profit after tax) with higher revenues in ticketing business and better margins in the catering business. Ancillary revenue from payment gateway, ads, revenue share from the online travel agency also grew 7 per cent Y-o-Y, reversing a declining trend in the prior quarters.