News – Business Talk Magazine

Indian Overseas Bank Q3 profit jumps 30 per cent to Rs 723 crore on improvement in core income

Business Talk — Fri, 26 Jan 2024 07:01:01 +0000

Indian Overseas Bank (IOB) announced on Wednesday that its net profit for the December period of 2023–2024 increased by 30% to Rs 723 crore, mostly due to an upsurge in core revenue and a decrease in bad loans. A year earlier in the same quarter, the Chennai-based lender had made a net profit of Rs […]

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SAP to restructure 8,000 jobs in push towards AI, shares hit record

Business Talk — Fri, 26 Jan 2024 06:59:39 +0000

The German software company SAP SE said that it will reorganize responsibilities for 8,000 workers in order to zero in on expanding its AI-driven business areas. This news caused shares of SAP SE to rise 7% to an all-time high. It announced that it will invest 2 billion euros, or $2.2 billion, in the initiative to […]

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Tesla plans to build new electric vehicles in mid-2025

Business Talk — Fri, 26 Jan 2024 06:58:10 +0000

Tesla has informed suppliers that it plans to begin mass-market electric car production in the middle of 2025 under the codename “Redwood.” Elon Musk, the CEO of Tesla, stated on a Wednesday post-earnings conference call that the company plans to begin producing its next-generation electric vehicle at its Texas factory in the latter half of […]

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How to Drive Success in 2024? 3 Leadership Lessons from the Founder of International Business

Business Talk — Fri, 26 Jan 2024 06:56:37 +0000

As 2023 draws to a close, leaders should pause to consider the necessary takeaways learned from the year’s events. The year proved to be quite a roller coaster, especially when new variables contributed to the ambiguity that lingered in 2022 and echoed through 2023. They can then condense the most crucial lessons learned to position […]

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China’s central bank announces policy easing as it seeks to boost growth

Business Talk — Fri, 26 Jan 2024 06:54:10 +0000

China promised to help its flagging economy by lowering the volume of cash that its banks must maintain as reserves early next month. The governor of the People’s Bank of China, Pan Gongsheng, announced on Wednesday that the bank would reduce the ratio of reserve requirements (RRR) for every bank by 50 basis points (bps), […]

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India makes history as Chandrayaan-3 lands near Moon’s south pole

Business Talk — Thu, 24 Aug 2023 14:34:40 +0000

Chandrayaan-3, the Indian lunar mission, accomplished a big development for its space program when it touched down on the lunar south pole at 6:04 PM on Wednesday. With this landing, India joined an exclusive group of just four countries that have made it to the moon. The goals of this mission, which is a follow-up to […]

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Foxconn dumps $19.5 bln Vedanta chip plan in blow to India

Business Talk — Wed, 12 Jul 2023 06:26:24 +0000

In a blow to Indian Prime Minister Narendra Modi’s plans to produce chips in India, Foxconn of Taiwan has pulled out of a $19.5 billion semiconductor joint venture with Vedanta of India. In order to establish semiconductor and display panel manufacturing facilities in Gujarat, Vedanta and Foxconn, the largest contract electronics manufacturer in the world, […]

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AI in healthcare: Google’s Med-PaLM 2 chatbot enters testing phase in US hospitals

Business Talk — Wed, 12 Jul 2023 06:26:24 +0000

Med-PaLM 2, Google’s AI chatbot for healthcare, is now being tested in US-healthcare facilities. The medical chatbot was created using Google’s PaLM 2, which was unveiled at Google I/O in May of this year. The chatbot is a variation of the PaLM 2 language framework designed especially for healthcare facilities. The AI chatbot Google Bard, which […]

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After a lull, IT hiring mandates are up 10% in July

Business Talk — Wed, 12 Jul 2023 06:26:21 +0000

Staffing companies claim that beginning in July, the tech hiring market began to pick up steam after months of decline. The overall employment needs have increased by 10% in July compared to previous month, they claimed, indicating good news for the IT industry and a possible pick-up in demand in the upcoming quarter following a […]

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70% of HDFC top executives to step down

Business Talk — Wed, 12 Jul 2023 06:26:20 +0000

The majority of the former HDFC top management, which comprises the executive management and senior leadership of the corporation, will not join the new entity, HDFC Bank, as HDFC and HDFC Bank move through with their integration. Approximately 70% of HDFC’s senior management would retire from executive roles as a result of the merger of […]

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Net direct tax collection rises 16% so far in FY24

Business Talk — Wed, 12 Jul 2023 06:26:18 +0000

India’s direct tax revenue increased 16% this fiscal year to reach ₹ 4.75 trillion, demonstrating continued revenue expansion despite external barriers. Over the past few months, the collection has picked up speed, with net direct tax revenues—net of refunds—growing 15.87% to ₹ 4.75 trillion by July 9, surpassing net collections for the same period previous […]

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Uk Inflation Rate Drops for a Third Month Running to 10.1%

Business Talk — Fri, 17 Feb 2023 06:02:31 +0000

In January, the United Kingdom’s inflation rates dropped for the third month in a row, bolstering hopes that the cost-of-living problem has crested and prices will fall dramatically later this year. According to the Office of National Statistics, inflation decreased from 10.5% in the preceding month to 10.1% over the past 12 months. In October, […]

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Gautam Adani, the Indian Mogul, Dismisses Market Turbulence as ‘Temporary’

Business Talk — Fri, 17 Feb 2023 06:01:11 +0000

Indian business magnate Gautam Adani dismissed the recent price volatility of the Adani Group’s stock, calling it “temporary.” He claims that over the previous three decades, as well as each quarter and year after year, Adani Enterprises has displayed a track record of creating a core infrastructure business in addition to reaffirming its status as India’s […]

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Rbi Grants Licences to 32 Payment Aggregators

Business Talk — Fri, 17 Feb 2023 05:59:19 +0000

On Wednesday, the Reserve Bank of India (RBI) gave preliminary authorisation to up to 32 entities to function as online payment aggregators (PA). Amazon (Pay) India, Google India, and Pine Labs are just a few of the companies that made in the list. The RBI has given in-principle authorization to 19 other firms in addition to […]

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