News

research
  • 1 Dec
  • 2023

Indian banks set a decadal record with 123,000 hirings in FY23

Net headcount addition in FY23 surged 61% over FY22 and is expected to beat the record high of FY11. The record additions are being driven by aggressive hiring by private banks across functions such as customer interface, lending, assurance, and technology to drive their branch expansion into tier 3 and rural areas.

research
  • 30 Nov
  • 2023

"Crypto Price Today: Bitcoin holds near $38,000; Solana, Avalanche rise up to 3%"

"Price movements across the crypto market remain predominantly bearish as investors and money managers grapple with the potential repercussions of intensified regulatory measures targeting the industry," said ZebPay Trade desk."

research
  • 29 Nov
  • 2023

"Apple to end credit card partnership with Goldman Sachs: Report"

"The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next 12 to 15 months, the report said, citing people briefed on the matter. Apple and Goldman had started to roll out a virtual credit card in 2019."

research
  • 28 Nov
  • 2023

"Net zero goal calls for $5 trillion in annual green investments: IMF"

Eight years on from the Paris Agreement, policies remain insufficient to stabilise temperatures and avoid the worst effects of climate change. Collectively, we are not cutting emissions fast enough and are falling short on the needed investment, financing, and technology," the IMF blog noted.

research
  • 26 Nov
  • 2023

"For workers at this iPhone plant, Tata means a fresh start"

"At the Narasapura facility, the recent takeover brings in hopes of better facilities, and a permanent position with Brand Tata."

research
  • 25 Nov
  • 2023

"Aditya L1 spacecraft is nearing its final phase, says ISRO chief"

Aditya is on the way. I think it has reached almost its final phase," the ISRO chief told PTI on the sidelines of an event organised at VSSC to commemorate the 60th year of the First Sounding Rocket Launch. He said that the last preparations for the spacecraft's entry into the L1 point are currently underway incrementally.

research
  • 23 Nov
  • 2023

"We are focused on market share gain; almost 40% of our business comes from offline now: Honasa Consumer CFO"

In our balance sheet, if you exclude cash and if I have to analyze our performance in the first half, we are almost at 50% plus ROCEs. So it is a business where given the opportunity that exists, we will focus on ensuring that we continue to deliver market beating growth.

research
  • 21 Nov
  • 2023

"Sam Altman's firing at OpenAI reflects schism over future of AI development"

The rift that cost artificial intelligence whiz kid Sam Altman his CEO job at OpenAI reflects a fundamental difference of opinion over safety, broadly, between two camps developing the world-altering software and pondering its societal impact