Mutual Funds: The Investment Choice of 82.85% of Gen Y
Based on the information gathered from various sources, it is evident that a significant portion of Generation Y, specifically 82.85%, prefer investing in mutual funds. This preference is particularly pronounced among those in the 26-35 age range.
Rural Retail’s Digital Leap: UPI Transactions Surge by 118% in 2023
21% of the applicants for these loans were new to credit, primarily in the 28-30 age range, indicating an expansion of the credit market to newer demographics.
The Great Indian Road Expansion: Modi’s Plan to Propel the Economy
One such policy is the ‘Tree Bank’ for Tree Cutting & Tree Transplantation, which requires authorities like the National Highways Authority of India (NHAI) and others to maintain a record of planting and felling trees during project development.
Flying Made Smarter: Digi Yatra’s Biometric System Implemented in 13 Airports
This ambitious project leverages biometric-based travel through Facial Recognition Technology (FRT) to streamline the security check process and enhance passenger convenience.
Navigating the Future: Indian CEOs’ Massive Shift Towards GenAI
A significant majority, over 80%, of Indian CEOs are investing in GenAI. This investment is not just in terms of financial resources but also involves reallocating capital from other budgets to fund GenAI initiatives.
MediaTek and NVIDIA Join Forces to Drive AI Revolution in Automotive Industry
MediaTek’s automotive SoCs will run NVIDIA DRIVE OS, DRIVE IX, CUDA, and TensorRT software technologies, enabling connected infotainment and in-cabin convenience and safety functions.
The MoU that Changed the Game for Indian Workers in Saudi Arabia
The National Skill Development Corporation (NSDC) of India and the government of Saudi Arabia have recently taken a significant step towards safeguarding the rights of Indian laborers working in Saudi Arabia.
Financial Innovation in Renewable Energy: Suzlon’s Collaboration with REC
Such collaborations are vital for the growth of the renewable energy sector in India. They not only provide necessary financial support to key players but also signal the increasing alignment of financial institutions with sustainable energy goals.
₹22,627 Crore Loan from Japan Paves Way for India’s High-Speed Rail Era
This development is a part of India’s broader National Infrastructure Pipeline (NIP), which now includes over 9,000 projects, with a total investment target of ₹108.88 lakh crore. The NIP encompasses both brownfield and greenfield projects, indicating a comprehensive approach to infrastructure development across the nation.
Ujjwala Scheme Boosts LPG Consumption: India’s Success in Affordable Cooking Gas
In late August 2023, the government slashed LPG prices by Rs 200 per cylinder for all domestic consumers. PMUY beneficiaries received an additional subsidy, bringing their total relief to Rs 400 per cylinder. The government also raised the subsidy for PMUY consumers from Rs 100 to Rs 300 per cylinder in early October.