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Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand-thumnail

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand

The banking industry in India is grappling with a growing trend of attrition, particularly affecting the sales division. During an earnings call, Yes Bank’s CEO, Prashant Kumar, acknowledged the industry-wide issue and emphasized the bank’s efforts to control attrition, setting a target of limiting overall employee turnover to 25-30%.

Business

Jul 27, 2023

US regulators to unveil plan to build cash reserves for banks-thumnail

US regulators to unveil plan to build cash reserves for banks

Regulators in the United States are preparing to draft a rule that will likely dramatically increase the capital requirements for larger banks, requiring them to reduce expenses and hold onto profits in an effort to protect against future losses that would affect clients and investors.

Finance

Jul 27, 2023

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024-thumnail

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024

Foxconn, the electronics manufacturer is currently engaged in talks, with the government of Tamil Nadu regarding an investment of $200 million to establish a manufacturing plant for electronic components.

Business

Jul 27, 2023

‘AI is bigger than any country or organization,’ says one expert. Nick Clegg, Global President of Meta, weighs in on AI regulation-thumnail

‘AI is bigger than any country or organization,’ says one expert. Nick Clegg, Global President of Meta, weighs in on AI regulation

Nick Clegg, Meta’s Global President, recently spoke with Rahul Kanwal on India Today in an exclusive and informative debate about artificial intelligence (AI).

Artificial Intelligence

Jul 27, 2023

Insider trading charges are filed against British billionaire Joe Lewis by US-thumnail

Insider trading charges are filed against British billionaire Joe Lewis by US

The 86-year-old owner of the football team Tottenham Hotspur is accused of disclosing private information to his staff members and love interests, enabling them to negotiate deals worth millions of

Business

Jul 26, 2023

A rise in US yields may cause the Indian rupee to struggle before the Fed’s decision-thumnail

A rise in US yields may cause the Indian rupee to struggle before the Fed’s decision

On Wednesday, the Indian rupee may depreciate a little as a result of the rise in U.S. yields due to the potential for a hawkish Federal Reserve decision.

Economy

Jul 26, 2023

Mahindra group acquires 4% stake in RBL bank; planning to become a strategic investor-thumnail

Mahindra group acquires 4% stake in RBL bank; planning to become a strategic investor

Reportedly a company affiliated with the Mahindra Group has made a move by acquiring around 4% ownership, in RBL Bank through trades on the market. It appears that they are

Industry

Jul 26, 2023

Transforming Manufacturing Aftermarket Partful Secures £2.4M Funding Boost-thumnail

Transforming Manufacturing Aftermarket Partful Secures £2.4M Funding Boost

Aftermarket selling innovation subject matter experts, Partful, has gotten £2.4M in subsidies to speed up the improvement of its ‘detonating’ 3D parts SaaS stage – which is changing the business’

Business

Jul 26, 2023

Minifeel, Mumbai based beauty start-up raises ₹3 crores in seed funding-thumnail

Minifeel, Mumbai based beauty start-up raises ₹3 crores in seed funding

Minifeel, a start-up based in Mumbai has secured ₹3 crore, in seed funding with 100X.VC as the leading investor. The platform offers high-quality beauty products at reduced prices. Enables customers

News

Jul 26, 2023

Asian Markets Trade Weaker Ahead of Expected Fed Rate Hike and China’s Stimulus Details-thumnail

Asian Markets Trade Weaker Ahead of Expected Fed Rate Hike and China’s Stimulus Details

Asian markets experienced a mostly weaker trading session on Wednesday as investors awaited the U.S. Federal Reserve’s decision on interest rates later in the day and sought clarity on China’s economic stimulus package.

Business

Jul 26, 2023

India’s Defense and Aerospace Industry: Pioneering Indigenous Technologies and Innovations-thumnail

India’s Defense and Aerospace Industry: Pioneering Indigenous Technologies and Innovations

India’s defence industry is on a remarkable journey towards self-reliance in defence production, thanks to initiatives like ‘Make in India’ and ‘Atma Nirbhar Bharat Abhiyan’. The goal is to establish

Industry

Jul 26, 2023

Australian Inflation Slows, Easing Pressure for Interest Rate Hike-thumnail

Australian Inflation Slows, Easing Pressure for Interest Rate Hike

The Australian economy witnessed a slowdown in Australian inflation during the second quarter, largely attributed to decreased costs of domestic holidays and petrol.

Economy

Jul 26, 2023


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