Numrovani Unveils ‘Cosmic Search Engine’ – Transforming Lives with Stellar Insights
NumroVani, the trailblazing lifestyle brand that harmoniously blends ancient wisdom with modern sciences, has unveiled its transformative Facebook campaign, Sitaaro Ka Search Engine. This ground-breaking initiative aims to empower individuals facing challenges in love, career, and life by providing cosmic guidance through the expertise of renowned Astro numerologist Sidhharrth S Kumaar. What is Sitaaro Ka […]
Coursera Brings Global Education to Hindi Speakers: 4,000 Courses Translated
Coursera, the leading online learning platform, has announced that it has translated over 4,000 courses in Hindi using artificial intelligence (AI). This is a major step towards making high-quality education accessible to everyone, regardless of their language preference. Why Hindi? Hindi is the most widely spoken language in India, with over 528 million speakers. It […]
Government to Sell ‘Enemy Property’ Shares in 84 Companies, First Tranche Includes 20 Firms
The government of India has announced its plan to sell over 2.91 lakh shares of ‘enemy property’ in 84 companies to individuals and corporates in tranches. These shares belong to the assets of individuals who had migrated to Pakistan and China, mostly between 1947 and 1962, and are classified as ‘enemy property’ under the Enemy […]
Mutual Fund Industry’s AUM Hits Rs 50 Lakh Crore Milestone: Latest Rs 10 Lakh Crore Achieved in Just One Year
Historic Growth in Mutual Fund Industry The Indian mutual fund industry has achieved a remarkable milestone, with its assets under management (AUM) surpassing Rs 50 lakh crore in December 2023. This growth is a significant indicator of the industry’s robustness and investor confidence. Surge in Systematic Investment Plans (SIPs) A key factor in this achievement […]
RBI’s Shaktikanta Das Issues Warning on Banks’ Use of Algorithmic Lending
Risks of AI-based models Reserve Bank of India (RBI) Governor Shaktikanta Das has warned banks and non-bank financial companies (NBFCs) against relying on algorithms and artificial intelligence (AI) to assess customers for loans. He said that model-based, algorithm lending can “lead to a potential crisis” if the robustness of the models is not appraised properly. […]
Asirvad Micro Finance IPO Delayed as SEBI Puts Manappuram Finance’s Subsidiary on Hold
Regulatory Scrutiny Leads to Delay The Securities and Exchange Board of India (SEBI) has put the Initial Public Offering (IPO) of Asirvad Micro Finance, a subsidiary of the listed Non-Banking Financial Company (NBFC) Manappuram Finance, on hold. The proposed IPO, aimed at raising ₹1,500 crore, has been kept in “abeyance,” with SEBI not providing further […]
BMW India Achieves Record-Breaking Sales of 22,940 Units in 2023
Overview of BMW India’s Historic Sales Achievement BMW India marked a significant milestone in 2023, achieving its highest annual sales ever. The German automotive giant reported a total of 22,940 units sold, a remarkable 19% increase from the 19,263 units in 2022. This achievement encompasses sales across the BMW, MINI, and BMW Motorrad brands. Detailed […]
Edtech Firm ConveGenius Raises $7M in Funding Round
About the company ConveGenius, an edtech company that offers personalized and adaptive learning solutions, was founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, with a vision to democratize quality education for millions of learners in India and other emerging markets. The company leverages artificial intelligence, data science, and gamification to create personalized and engaging […]
Understanding the Intricacies of the National Credit Framework: An In-Depth Look
The National Credit Framework (NCrF) is a single meta-framework that works on the accumulation of credits earned through school education, higher education and vocational & skill education. Under this system, credit will be assigned to academic learning and skill learning, enabling learners to move seamlessly across different levels and domains of education. The NCrF was […]
FCI’s Upcoming Project: Construction of 3.4 MT Wheat Silos under PPP Mode in 18 Months
The Food Corporation of India (FCI) is planning to build wheat silos with a total capacity of 3.4 million tonnes (MT) across the country in the next 18 months, under the public private partnership (PPP) mode. This is part of a Rs 11,000-crore project to create modern storage infrastructure for wheat and reduce losses due […]