AI could impact 30% of jobs in India: Gita Gopinath; India's most valuable PSU, LIC remains a wealth destroyer; Startups & more
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India's most valuable PSU remains a wealth destroyer
Life Insurance Corporation of India (LIC) overtook State Bank of India on Wednesday to become India's most valuable state-run company in terms of market capitalisation.
At the start of trading on Wednesday, LIC had a market capitalisation of ?5.66 lakh crore, compared to SBI's ?5.64 lakh crore, though SBI recovered from opening lows to reclaim the top spot for a brief period again.
Ram Mandir News Live Updates: On day 2 of ceremony, Ram Lalla idol to tour temple premises
Ram Mandir Pran Pratishtha Updates: Today is day two of the rituals ahead of the consecration ceremony in Ayodhya. The Ram Lalla idol will tour the temple premises today. The consecration ceremony of Ram Lalla's idol will be held at the temple at 12:20 pm on January 22, 2024, announced Shri Ram Janmabhoomi Teerth Kshetra General Secretary Champat Rai. Around 7000 guests are likely to attend the mega event in Ayodhya.
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China population extends historic decline as Covid-19 deaths surged
China’s population extended a historic decline in 2023 as deaths rose after Beijing ended strict pandemic curbs and births continued to fall.
China recorded 11.1 million deaths, higher than the previous year’s 10.41 million, according to data released by the National Statistics Bureau on Wednesday. The increase is likely due to a swell in Covid-related fatalities in the months after authorities abandoned their Covid Zero strategy in December 2022 and led to an explosion of infections.
Here's what the Swiggy CEO has to say about IPO plans
Swiggy, a major player in India's fast-growing food and grocery delivery space, is actively focusing on enhancing product offerings and making the platform more appealing to delivery partners and customers.
In a conversation with CNBC-TV18's Shereen Bhan on the sidelines of the Davos World Economic Forum (WEF ) 2024, Swiggy Group CEO Sriharsha Majety said while an initial public offering (IPO) is an aspiration and the company is preparing for it, they are in no hurry.
#TechTalks??
Apple passed Samsung as the world's top phone maker in 2023
Apple Inc.’s iPhone dethroned Samsung Electronics Co. devices to become the best-selling smartphone series over the course of 2023, the first time South Korea’s largest company has lost the top spot since 2010.
The iPhone accounted for a fifth of the global market with close to 235 million shipments last year, research firm IDC estimates. Samsung, whose shipments slumped in double-digits to 226.6 million, came in second, ahead of Chinese device makers like Xiaomi Corp.
WEF 2024: Gita Gopinath says AI could impact 30% of jobs in India
In an exclusive interview with CNBC-TV18 Managing Editor Shereen Bhan at the World Economic Forum summit in Davos, Switzerland, Gita Gopinath, the first Deputy Managing Director of the International Monetary Fund (IMF), delved into the transformative impact of artificial intelligence (AI) on the global economy .
The conversation opened with the pervasive discussions surrounding AI and its potential to revolutionise jobs and disrupt various sectors. When asked about her perspective on what AI could mean for the global economy, Gopinath shared insights from a comprehensive study conducted by the IMF.
#MarketNews??
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HDFC Bank shares hit lowest since December 1: Should you buy or wait for a better price?
Shares of HDFC Bank on Wednesday, January 17, declined to their lowest level since December 1 following the release of the company's third quarter results. It fell nearly 7% in early trade on BSE. Opening at ?1,583.85, down from its previous close of ?1,678.95, the stock dropped to ?1,570.
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#ExpertEdge??
Here's the outlook for India’s air travel in 2024
2024 seems to be on track to become the best year for Indian aviation. With the provisional estimates of more than 150 million domestic and 68 million international passengers taking to the sky in 2023, the total air passenger traffic is predicted to be well north of 225 million in the coming year.
Yields continue to be strong and a confluence of factors notably consolidation within the airline sector, significant weakness of competitors and OEM supply chain challenges means that there is strong demand chasing limited supply. The euphoria will only be tempered by input costs, VISA processing times, operational challenges and overseas competition.
#StartupWorld??
Startup India celebrates milestone — Every second venture now led by women directors
Startup India, the flagship initiative launched by the Government of India on January 16, 2016, has marked a significant shift in the startup landscape. The initiative, aimed at fostering innovation and cultivating a robust ecosystem for entrepreneurship, has not only propelled India to become the third-largest startup ecosystem globally but has also seen a remarkable rise in the involvement of women in leadership roles.
As per a report released by the Ministry of Commerce & Industry on Monday, January 15, a staggering 55,816 startups, representing 48% of the total 1,17,254 startups in India (as of December 2023), now boast at least one woman director.
Government to meet unicorns tomorrow to discuss growth trajectory, risks, capital mobilisation
Union Minister for Commerce and Industry Piyush Goyal is slated to meet representatives from over 40 unicorns in New Delhi on Wednesday, January 17, to discuss the growth trajectory and plans of mobilisation of domestic capital for the larger startup ecosystem.
Car Dekho, EasyMyTrip, Zerodha , Lenskart , and boAT are among the companies expected to be present in the meeting, which will discuss issues such as navigating risks for startups, sustainable growth, and India's positioning in the global startup landscape.
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Jagannath Temple Heritage Corridor will open to public tomorrow: Here’s all you need to know
The much-awaited 'Srimandir Parikrama Prakalpa' (SPP) or Jagannath Temple heritage corridor project, will be open to the public on January 17. A day ahead of the grand opening, a large number of devotees from across Odisha and the country started arriving at the seaside pilgrim town. The entire pilgrim town has been beautifully adorned with flowers, decorative lights, and graffiti, presenting a spectacular look. Here’s all you need to know ahead of the inauguration.
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