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%.

According to new household statistics given by Kantar, Indian households continue to feel the pressure of high inflation, with the households most susceptible to price increases reporting a considerable decline in the purchase of goods including jams, ready-to-cook meals, floor cleaners, and soft beverages.

The Biden administration is attempting to precisely target U.S. export restrictions to China, according to Gina Raimondo, Secretary of Commerce, but regulations will cost businesses some income.

Kapture CX, a platform that automates customer experience recently secured $4 million, in funding. The investment was led by Cactus Venture Partners.

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.

In a recent analysis published on Thursday, it has come to light that approximately two-thirds of European companies lack any revenue that meets the European Union’s (EU) list of climate-friendly activities.

Aquapharm Chemicals, a company based in Pune and valued at, more than ₹4,500 crore has caught the attention of buyers such as RP Sanjiv Goenka Group, Bain Capital, and Dorf Ketal.

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.

Jio Financial Services (JFS) a separate division of Reliance Industries has teamed up with BlackRock to make its mark, in India’s asset management sector.

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

Meta’s recent quarterly report showcases statistics, for its suite of applications, such as Facebook, WhatsApp, Instagram, Messenger, and Threads. These apps collectively boast 3.88 billion active users representing nearly half of the global population actively engaging with Metas platforms. Moreover, Facebook has witnessed a resurgence, in users now reaching a staggering 2.064 billion individuals.

On Wednesday, the western Indian real estate developer Gurukrupa Group and the producer of industrial valves BDK Valve Private Ltd. announced that they had successfully acquired the whole stock of Theis Precision Steel India Pvt. Ltd. (Theis Precision). The promoter group has now acquired a global company twice.