Uday Kotak, CEO of Kotak Mahindra Bank, has resigned from his post

Uday Kotak, Managing Director and CEO of Kotak Mahindra Bank, has resigned from his post. Now he has become a non-executive director of the bank. He has tweeted on Twitter regarding his decision. An important meeting of the board of Kotak Mahindra Bank was held on September 2, in which this decision has been taken. … Read more

Rishabh Instruments IPO subscribed 2.46 times

The Initial Public Offering (IPO) of Rishabh Instruments was subscribed 2.46 times on the second day of the issue on Thursday. The company’s IPO received a positive response from retail investors and non-institutional investors (NIIs) on the second day. The IPO size of Rishabh Instruments was Rs 490.78 crore. The price band of the IPO … Read more

India’s GDP for Q1 is 7.8%, Manufacturing sector growth slowed to 4.7%

The latest data released by the National Statistical Office (NSO) shows that India has registered an economic growth of 7.8 percent in the April-June quarter of 2023-24. Earlier, India’s growth rate was 6.1% in the March quarter, while GDP was 7.2% in the previous year. Going by the numbers, the first quarter of the current … Read more

Google launches Generative-AI (SGE) search function

Google lauds its generative artificial intelligence (AI) in its search for users in India and Japan. The generative-AI search function will show text or visual results in prompts, including summaries. This AI-powered search feature is also known as SGE (Search Generative Experience). The feature was first announced at the I/O developer conference in May 2023. … Read more

PhonePe launches its trading app Share.Market under PhonePe Wealth Broking subsidiary

PhonePe, the leading company in the fintech sector, has now entered the share broking segment. The company has launched its new app Share.Market under the PhonePe Wealth Broking subsidiary. The Share.Market platform will provide investment products such as stocks (intraday and delivery), mutual funds, exchange-traded funds (ETFs), and wealth baskets. It will also have a … Read more

4 SpaceX’s Crew-6 astronauts who spent 6 months on the ISS are now returning

The astronauts of SpaceX Crew-6 who went into space on March 2 are now preparing to return to Earth. The four members of SpaceX’s Crew-6 mission spent more than six months on the ISS and are now expected to depart today. A few days ago, the four-astronauts team of NASA’s SpaceX Crew-7 reached the International … Read more

Biden Administration announced $667 million funding for Rural Broadband Infrastructure

The Biden administration on Monday announced about $667 million in new grants and loans to build more broadband infrastructure in rural America. At least half of homes in areas receiving the new funding do not have access to internet speeds of 100 megabits per second download and 20 Mbps upload, which the federal government considers … Read more