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Beyond  the  numbers: How  artificial intelligence  is reshaping financial services 

It seems that  AI is  revolutionising  not only the financial services  sector but also the  industry  in  many  areas.  

 By David Fellows 

 In  a  rapidly evolving  financial  services landscape,  the integration of artificial intelligence (AI) has  become  a transformative force, reshaping the way  organizations  operate, analyze  data  and serve  customers.  their  goods.  It is  clear  that the synergy between  advanced AI-based  technology and financial expertise is  pushing  the industry into a new era of efficiency,  innovation  and  customer centricity.  From core functions to broader operations, many  sectors  are  starting  to  benefit  from AI. 

  For  example,  in operational areas such as sales and human resources, AI  now  plays an important  role in predictive analytics, talent management, and  business strategy.  This widespread deployment ensures that we  take full advantage of  the  benefits  offered by AI,  making our processes smarter, faster and more data-driven. In areas such as lending, AI finds application in optimizing  the  loan approval  process.  By leveraging  data-driven  insights to assess  borrower  creditworthiness, AI  helps speed up the approval process,  ensuring  more  accurately  assessed  loan  approval throughput.  This not only  speeds up  service delivery but also  helps  mitigate some of the potential risks associated with lending. 

  AI-based  systems excel  at  detecting  irregular  and  anomalous patterns, thereby creating powerful  fraud detection solutions. By continuously learning from historical data,  AI-powered  solutions can adapt to  ever-evolving  fraud tactics, providing an  additional  layer of protection against cyber threats and  ensure  the integrity of financial transactions.  In the compliance  sector,  there  has been  a  notable increase  in  the use of  automation and artificial intelligence to monitor transactions, ensuring strict  compliance with  regulatory standards. Given the complex  regulatory  web  in which banks operate, these technology tools are essential, providing real-time monitoring and rapid reporting  of  any  irregularities. Additionally, in  investment banking, technology is reshaping  deal  sourcing,  structuring  and  execution.  Advanced analytics tools  provide  market insights,  support  more  accurate forecasting,  and  build  strategic approaches. These  widespread  technological  advances highlight  the  overall importance  and potential impact of the latest  banking innovations.  As  AI  advances,  different  aspects  of the  industry  will  certainly  benefit from  this  technology.  Automating  mundane tasks  that  will bring  efficiency  to organizations  will also  speed up some processes, benefiting  consumers.  It  will also  enable  financial services  firms  to allocate  their  resources more strategically, focusing on improving  core  customer  service  and  experience.  

  By prioritizing  business performance  for  management teams,  AI will become a valuable support tool  in  data-driven  decision making. With the availability of  AI-based  predictive  analytics,  it is now easier to evaluate progress  and ultimately achieve milestones and  KPIs.  By analyzing historical trends, market  conditions  and customer  behavior,  these systems can help  predict  future financial trends, helping organizations optimize investment strategies,  Loan approval  and  asset  management  plan to avoid risks.  This foresight contributes to  better decision making, reduces uncertainty  and  improves  overall  company  performance. 

  Artificial  intelligence  (AI) is revolutionizing not only the financial services  sector  but  also the  industry across  many sectors,  bringing greater  efficiency and  improving  customer  experience.

  While  leveraging AI’s  potential  for advanced data  analytics  and personalized services,  there is  general consensus that thoughtful regulation and oversight  will  be  needed  to control such powerful technology. Given the power of this new  technology,  regulation should seek to ensure  the measured development  of AI  technology  in the financial sector, prioritizing both innovation and  responsible handling of data security  as well as Ethical  considerations.  In  short,  it  must be recognized  that as we  move towards integrating artificial intelligence into  financial services, our commitment to ethics and security must remain  strong.  Even at this relatively early stage, the potential  for  AI to  drive  innovation is undeniable,  but  this should not overshadow the  important  responsibilities we  face. Adherence to strict  ethical standards and  strong  security measures is not just a  preventative measure,  but a fundamental aspect of  the development of  this  technology.  As we navigate this new era, it is our  shared  responsibility to ensure that  advances in  AI  happen  within a framework of integrity and trust,  ensuring  a future where innovation is  more than just network  but also  dedicated  and safe. 

  For more  information,  visit at https://happenrecently.com/zepto/?amp=1

Rajveer Singh’s Culinary Voyage at Sadda Punjab Restaurant, Navi Mumbai.

Sadda Punjab

Rajveer Singh, the intrepid journalist known for his keen eye for gastronomic excellence, embarked on an exquisite culinary journey at Sadda Punjab Restaurant, nestled a mere 5 minutes away from Belapur railway station in Navi Mumbai.

Diving into the heart of Punjab’s flavors, array of delectable dishes meticulously curated by the culinary maestro Chef Mohan Singh. The spotlight shone brightly on the Golden Fried Prawns, each bite a symphony of crispy perfection and tantalizing spices. The succulent Mutton Chaap left an indelible mark, a testament to the restaurant’s dedication to authentic taste.

Engaging with the passionate staff, including the seasoned Manager Sujit Saha and the amiable server Nasib Kumar, Rajveer gleaned insights into the establishment’s commitment to delivering a true taste of Punjab in every dish.

Sadda Punjab Restaurant’s culinary prowess extended beyond meat dishes, showcasing the exquisite Angara Murg Tikka, Bhatti Saahab’s favorite Kebab, Paneer Hariyali Tikka, and the tantalizing Tandoori Chatpata Aloo, each dish a tribute to Punjab’s rich culinary heritage.

Adding a refreshing touch were the tantalizing mocktails – the Beach Day, Cosmopolitan Delight, Mojito, and Margarita – elevating the dining experience to a symphony of flavors and vibrant colors.

Speaking about the ambience ambiance and flavors of Sadda Punjab, he experienced firsthand the meticulous craftsmanship and passion infused into every dish, making it a gastronomic haven for Punjab cuisine enthusiasts. His encounter at the restaurant was a testament to the meticulous dedication of the team in crafting an authentic and memorable dining experience.

Sadda Punjab Restaurant, under the culinary guidance of Chef Mohan Singh and the management led by Sujit Saha, stands as a testament to the fusion of flavors, creating a symphony of taste that resonates with every diner.

Stay tuned to TimesNowBusiness.com for more insightful culinary expeditions by Rajveer Singh, unraveling the tapestry of flavors from around the globe.

For media coverage on this platform connect with Rajveer Singh at +917710030004

“Yuhi Lounge Redefines Mumbai’s Dining Scene: Influential Figures Praise its Exquisite Ambience and Fusion Delights”

Yuhi Lounge

29th Dec Mumbai: In a rendezvous at the enchanting rooftop lounge, Yuhi, nestled amidst the picturesque Powai skyline, Rajveer Singh aka RV the ace journalist had the privilege of engaging with influential personalities from various domains, amplifying the euphoria of their dining escapades.

Interacting intimately with the crème de la crème of social influence in the hospitality industry, including the esteemed Prithvish Ashar, the illustrious Vibha Narshana, and the emerging sensations in the culinary world, Ashu Saxena, Roopam Lakhanpal & Rajdev Aulakh, a symphony of praises resonated for Yuhi Lounge.

“Yuhi Lounge has indeed set a new benchmark,” exclaimed Prithvish Ashar, echoing the sentiments of every connoisseur present. “The blend of culinary finesse, a mesmerizing ambience, and impeccable service here is simply unparalleled.”

Vibha Narshana, radiating delight, added, “The panoramic views coupled with the delightful gastronomic journey truly elevate the entire dining experience to a celestial realm.”

In a candid tête-à-tête with Roopam Lakhanpal & Rajdev Aulakh, they enthusiastically expressed their admiration. “Yuhi’s fusion of flavors, especially the meticulously crafted sushi and exquisite cocktails, resonates with the evolving palate of the discerning clientele,” they concurred.

Adding a layer to this scintillating experience, managing director Lokesh Raipure and operations head Suprith S Karkera have meticulously crafted an ambiance that transcends mere dining. DJ Slim Shady’s melodic tunes complement the panoramic views, creating an ethereal environment.

Also, while interacting with the manager Rohit, the bloggers learned about the NYE Masquerade party happening this Sunday, December 31st, featuring unlimited drinks and food!

The diverse calendar of events, a hallmark of Yuhi Lounge, caters to every whim. From Girls Night on Wednesdays to Bollywood Nights on Saturdays, the lounge seamlessly morphs from a serene sundowner spot to a vibrant weekend escapade.

Yuhi Lounge emerges not just as a dining haven but a multifaceted experience blending work and leisure seamlessly. This culinary gem promises an indelible journey above the city lights, leaving an indelible mark on every patron’s soul.

Stay tuned for more exclusive experiences and discoveries!

For media coverage on this platform connect with Rajveer Singh at +917710030004

India, Russia  discuss  small modular  reactor, push  for  completion of  Kudankulam  

 During EAM Jaishankar’s visit to Russia, the two sides discussed  opening  northern  sea routes  following  Houthi attacks on commercial shipping in  the  Red Sea.  

 India and Russia have decided to expand  civil  nuclear cooperation, with Moscow  ready  to share technology for a small modular reactor used  for  power generation, even as  the two  sides  work to complete into phase 1 of  the  6,000 MW  Kudankulam  Nuclear Project  in  Tamil.  Nadu, according to people familiar  with  the matter.  Small  modular reactors – these are advanced nuclear reactors  –  have  power production capacities ranging from 75 MW to 300 MW. 

 Indian Foreign Secretary S. Jaishankar today completed  a  five-day  visit to Russia  and the people  quoted  above said  both  sides are pushing  for the commissioning of reactors  3 and 4 while  accelerating  work on  reactors  5 and 6  of  the Kudankulam nuclear  project. This is the  time when the  6,600 MW  Kovvada nuclear project  supported by Westinghouse  and the  9,900 MW Jaitapur nuclear project  supported by Areva  are  deadlocked due to  price negotiations.  Currently, only Kudankulam reactors No.  1 and  No.  2  are  operating,  providing  2,000 MW  of electricity to the country.  While Jaishankar met Russian  Deputy Prime Minister  Denis Manturov and  Foreign Minister Sergei  Lavrov, he had a rare and unexpected interaction with Russian President Vladimir Putin on December 27. It is  known  that Prime Minister Narendra Modi expressed  regret to  Mr.  Putin for not  visiting Moscow. 

For  this year’s  annual summit  due to  its commitment to  the G20 summit, with  assurances  that the 2024 summit  will take place.  

  Jaishankar’s  visit to Russia comes  as he  takes over  as chairman  of the BRICS  platform  and the two countries are looking at future joint ventures  on  military systems  along  the lines of the Brahmos missile and  AK-rifle projects. 203  under  “Rubric Aatmanirbhar  Bharat”  (Autonomous India). The source mentioned above said that one  of the  possible joint venture  areas  is the  production  of  multi-purpose helicopters  Kamov 226  T.  

 While President Putin  appreciates India’s  strategic autonomy under Modi, New Delhi has  tried  to maintain close ties with Moscow without China  entering  the bilateral equation. Russia supplies nearly 65%  ​​of India’s  military  equipment  and it is understood that  both  sides need to  increase supplies of  spare  parts, which  have been hit by delays due to  the  war  between Russia and  Ukraine.  As  three out of five S-400 surface-to-air missile systems have been  transferred to India  by  Russia,  New Delhi  plans to receive  an Akula-class nuclear-powered attack submarine  under  a long-term lease from Moscow  by  2025, the  agency said. 

  Amid attacks by  Iran-backed  Houthi forces on  commercial  ships  in the Red  and  Arabian  Seas,  India is also  in  talks with Russia to explore the  Northern Sea Route  in  a  worst-case scenario. 

One  of the consequences  of global warming caused by the climate crisis is that the  Northern Sea Route  for commercial shipping  can be used  for  much  of the year without fear of  ice and  frost. bad  weather.  When  India  invested  in the oil and gas sector in northern Russia, it was President Putin who supplied crude  oil  to  the country  at  a discount  to ensure  oil prices did not  skyrocket  due to  the war in Ukraine. 

For more information visit at https://happenrecently.com/zepto/?amp=1

Ayodhya Railway Station redeveloped  as ‘Ayodhya  Dham  Junction’ with  food  courts,  puja shops and many modern amenities 

  Ayodhya Dham Junction Railway Station, developed at a cost  in excess of  Rs 240 crore,  comprises  a modern three-storey building equipped with  modern amenities  including lifts, escalators,  dining areas  and  security  rooms.  protect children.  

 Union Railway Minister Ashwini Vaishnaw  inspected the renovated Ayodhya railway station, stressing that it was built respecting the culture and traditions  of the  country.  Speaking  about  Prime Minister Narendra  Modi’s  vision, Vaishnaw highlighted the  continuous  development of railway stations and infrastructure in Ayodhya, with the Ayodhya Dham station reflecting the cultural ethos of the country. 

  The  minister highlighted  several new features in the  terminal renovation,  including  a  spacious  waiting  area and the construction of a  100-foot-wide rooftop  plaza. Prime Minister Narendra Modi is  expected  to inaugurate the Ayodhya Dham Junction  railway station. 

Square roof  

  Highlighting Prime Minister Modi’s  vision for  the station’s  redevelopment, Vaishnaw  said  the  prominent rooftop  plaza  is the main feature,  providing space for passengers to sit,  sell  local products  and  play games for children.  This feature will be standard  at  all  stations  being redeveloped.  

  Airport-worthy  features 

  Ayodhya Dham Junction Railway Station, developed at a cost  in excess of  Rs 240 crore,  comprises  a modern three-storey building equipped with  modern amenities  including lifts, escalators,  dining areas  and  security  rooms.  protect children.  The station is designed to be  “accessible to all”  and has received  green station  construction certification  from the Indian Green Building Council (IGBC).  It is important that  the development  is consistent  with the  wider  vision  of  Ayodhya beyond the  station.  Northern Railway  said  the construction of the three-storey building and  installation  of new amenities at the station, conveniently located within walking distance  of  the Ram  temple, has  cost  Rs 241 crore.  

 “The new station building has  an area  of  ​​140m x 32.6m.  An additional  awning measuring 140m x 12m  is also provided  above  the  train disembarkation area  to protect  passengers from adverse weather conditions,”  Northern  Railway said.  

 Officials clarified that the term “footprint” refers to the space available for people to move around. The new  terminal  includes separate  arrangements  for  passenger arrivals  and  departures, including lifts,  escalators, food  courts, puja shops, changing rooms and childcare rooms  to  create  passenger  comfort.  “We have  built attractive lounges  on the ground floor as well as  the first floor. The station building  will  be  “for everyone”  and has received IGBC certification for  the green station building,  commented Deepak Kumar,  Director,  Public  Relations,  Northern Railway. 

  Vande  Bharat and  Amrit Bharat  practice  

 The Prime Minister is  all  set to launch two new Amrit Bharat trains, namely  Darbhanga Terminal-Ayodhya-Anand  Vihar  Amrit Bharat Express and  Malda  Town Terminus-Sir  M. Visvesvaraya  (Bengaluru) Amrit Bharat Express. 

 Besides,  the Prime Minister will also inaugurate six new Vande Bharat  trains,  Shri Mata Vaishno Devi Katra-New Delhi Vande Bharat Express, Amritsar-Delhi Vande Bharat Express, Coimbatore-Bangalore Cantt Vande Bharat Express, Mangalore-Madgaon Vande Bharat  train.  Express, Jalna-Mumbai Vande Bharat  Express  and Ayodhya-Anand Vihar Terminal Vande Bharat Express.  

For more information visit at https://happenrecently.com/zepto/?amp=1

GDP growth  expected  to  cross  ‘comfortable’  6.5% in FY24:  govt  

 The Reserve Bank of India  recently projected  economic growth  of  7% in the current fiscal year, up from  6.5% previously.  

  The Indian  economy is expected to “comfortably” achieve a growth rate  of  above  6.5% in  the  fiscal year, the Ministry of Finance  said in its  Mid-Year Economic Review 2023  report on  Friday-24. 24 regardless of risks stemming from external factors.  

 The Reserve Bank of India  recently projected  economic growth  of  7% in the current fiscal year, up from  6.5% previously.  

 The  report noted that  better-than-expected growth in  the second quarter  of FY24  improved the growth  outlook  and prompted  many  domestic and international agencies to  revise up their  GDP growth  forecasts  for  FY24. ,  adding that  “momentum was  gained in  the second quarter of FY24”. will  likely  be  maintained.” also  in  the third trimester.  

 In  Q2FY24, India’s  GDP  grew  7.6%, about 60  basis points above  market expectations.  

 On capital spending, the  Ministry of Finance  said  the government  had “not compromised”  on its  long-term goal  of  increasing  capital  spending on manufacturing,  despite slowing  growth  in the first two months of  the second half of the fiscal year. 24.  In  the  first half of the year, annual  capital expenditure  growth was  43%, 7 percentage points  above budget growth and falling  to  about  30%.  

 Data released by the Controller General of Accounts on Friday showed that the  Centre’s  capital expenditure stood at Rs 5.86 trillion  during  April-November,  31 per cent  higher  than the same period last year.  In October and November,  investment  growth averaged (-)6.6%  compared to the  58.9%  increase  recorded in  the first half of the year.  

  The Ministry of Finance said: “…(Central) spending has  been  redirected to  the immediate requirement of  protecting  the vulnerable through  committed food  subsidies,  continued  fertilizer subsidies  and  increase  cooking gas  subsidies.”  

 On growth, the report  emphasized  that  high-frequency  indicators  in  October and November  reflected “strong”  economic activity.  The  S&P  Global  Purchasing  Managers’  Index of manufacturing and services remained in  expansion territory  in October and November. And  October  data from  IIP and  eight major  industries also  showed  sustained  growth. sustainability  in  production activities,  the report said. 

  However, the  core sector’s six-month  low  of 7.8% in November  suggests  some loss  of  momentum, which  could also  be reflected in the coming  months.  

 The ministry  said sentiment  in the services sector  remains optimistic  and  consumer demand  growth  is expected to be  maintained. “Urban  demand conditions  remained stable,  with higher growth in auto sales, fuel consumption and UPI  transactions. Rural  demand is also catching  up,” the report said. ,  as  evidenced by the strong  growth in  sales of two-  and  three-wheeled vehicles.”

 The ministry also noted that  the labor market has  fully recovered  to  pre-pandemic levels. “High-frequency  indices  (such as EPFO, PMI) further reflect  improvement in the overall employment situation across  all  sectors,” the report  said,  adding that the  sector  outlook  Employment Employment looks  bright, with employers intending to maintain or  increase  their workforce. 

  For more  information,  visit at https://happenrecently.com/zepto/?amp=1

Belenus Champions Hospital Introduces the “Knee & Robotic Surgery Clinic” with Complimentary free Robotic Knee Surgery in Bengaluru

Belenus Champions

Belenus Champions Hospital proudly Launched its latest endeavor, the “Knee & Robotic Surgery Clinic,” marking a significant milestone in advancing orthopedic care in Bengaluru. This state-of-the-art clinic integrates advanced robotic technology with artificial intelligence called as CORI robotic system, a first in Bengaluru, to redefine knee treatments, offering patients unprecedented precision and efficacy in surgical interventions.

Led by the esteemed Head of Department, Dr. Nataraj H.M, a seasoned Senior Consultant renowned for his expertise in orthopedics, the clinic showcases a commitment to excellence in knee health. Dr. Nataraj H.M brings forth a wealth of experience and unwavering dedication to enhancing patient outcomes, ensuring the highest quality of care.

“At Belenus Champions Hospital, we’re thrilled to pioneer the launch of our ‘Knee & Robotic Surgery Clinic,’ elevating standards in orthopedic treatments with cutting-edge robotic technology,” stated Dr. Nataraj H.M. “Our aim is to provide patients with unparalleled precision and faster recovery through state-of-the-art procedures.”

The clinic boasts a comprehensive range of advanced technology equipment and facilities, ensuring a holistic approach to knee care. Patients can expect personalized treatment plans tailored to their specific needs, optimizing recovery and mobility.

To celebrate the inauguration of this remarkable Speciality Clinic, Belenus Champions Hospital is proud to offer complimentary Robotic Knee Surgery for eligible patients. This initiative underlines our commitment to accessibility and innovation in healthcare.

“We’re excited to offer Free Robotic Knee Surgery as part of our launch, extending our commitment to the community by making cutting-edge treatments accessible,” added Dr.Kishore , Director at Belenus Champions Hospital.

Belenus Champions Hospital is a leading healthcare institution dedicated to providing comprehensive and compassionate care across various medical specialties, committed to leveraging advanced technology and expertise for the betterment of patients’ lives.
Added by Dr. Manjunadh Director at Belenus Champions Hospital.

Dr. Shashidha M, CEO at Belenus Champions Hospital, remarked, “The ‘Knee & Robotic Surgery Clinic’ signifies our commitment to innovation and patient-centric care. We aim to set new benchmarks in orthopedic surgery, ensuring our patients receive the best possible care.”

In the event Poster Launched by Patients who have undergone robotic knee replacement and Directors

For Appointment please Call : 080 6936 6936
https://belenuschampionhospitals.com/

Have you heard about Leyowaa ??? A skincare brand making use of Cinnamon Garlic and Ginger

Leyowaa

When it comes to achieving healthy and radiant skin, many people are turning to herbal skincare products. Cinnamon, ginger, and garlic have long been known for their numerous health benefits. These ingredients possess potent antioxidant properties that can help combat free radicals and protect your skin from damage caused by environmental factors.

Introducing a revolutionary skincare product infused with the powerful ingredients of cinnamon, ginger, and garlic. These herbal wonders have long been recognized for their numerous benefits when it comes to achieving healthy and radiant skin.

Leyowaa, a skincare brand that harnesses the power of Indian herbs such as cinnamon, ginger, and garlic, is at the forefront of the herbal skincare revolution. In a world saturated with synthetic skincare products. They stands out by offering natural and effective solutions for your skin.

What sets this company apart is their commitment to using only the best ingredients sourced directly from nature. Their dedication to quality ensures that you are receiving the maximum benefits from these herbal extracts without any harmful additives or chemicals

Company understands the importance of using these powerful herbs in their products. By carefully selecting premium quality cinnamon, ginger, and garlic extracts, they have created a line of skincare products that deliver remarkable results. From cleansers to serums and moisturizers, Leyowaa’s range offers a holistic approach to skincare that is gentle yet effective.

Whether you’re dealing with acne-prone skin or looking for anti-aging solutions, Leyowaa’s cinnamon ginger and garlic-infused skincare products are designed to address various skin concerns effectively. Experience the transformative power of these natural ingredients as they work harmoniously with your skin’s own healing mechanisms.

In conclusion, Leyowaa is leading the way in utilizing Indian herbs like cinnamon, ginger, and garlic in their skincare formulations. By harnessing the power of nature’s bounty, they offer a range of herbal skincare products that deliver exceptional results while prioritizing your skin’s health and well-being. Embrace the beauty-enhancing benefits of these incredible ingredients with Leyowaa – your trusted partner in achieving radiant and nourished skin naturally. By combining these three potent ingredients into one skincare product, you can experience the synergistic effects they have on your skin. Say goodbye to dullness, blemishes, and premature aging as this herbal concoction works wonders to promote healthier-looking skin.

Discover the transformative power of cinnamon, ginger, and garlic in our skincare product today. Embrace nature’s gifts for your daily skincare routine and unlock a new level of radiance that will leave you feeling confident and beautiful.

Some benefits of these three powerful ingredients :

Cinnamon, known for its antibacterial and anti-inflammatory properties, can help combat acne-causing bacteria and reduce redness and inflammation. Its natural exfoliating properties can also promote a smoother complexion by gently removing dead skin cells.

Ginger, on the other hand, is rich in antioxidants that can help protect the skin from free radicals and environmental damage. It also has anti-aging properties that can improve elasticity and firmness, giving you a more youthful appearance. Additionally, ginger’s ability to stimulate circulation can result in a healthy glow by promoting blood flow to the skin.

Garlic may be renowned for its culinary uses but it also offers remarkable benefits for skincare. Its antibacterial properties make it effective in treating acne-prone skin while its sulfur compounds help regulate oil production. Garlic’s antioxidant content aids in reducing signs of aging such as fine lines and wrinkles.

Website: www.leyowaa.com

Instagram: https://www.instagram.com/leyowaa?igsh=OGQ5ZDc2ODk2ZA==

Uday Kotak gives  ‘fiscal  guide’  to turn  India  into  a $30 trillion economy by 2047 

  Banking  and finance  expert  Uday Kotak  has developed  a financial model through which India can become the world’s largest economy by 2047. 

  India  closes  2023 as the  world’s  fifth largest  economy,  with a GDP of  more than  $3.6 trillion.  Banking  and  finance  expert Uday Kotak has  advised  on how India can  stay  on track to become the  world’s  largest  economy.  

 Kotak  points out  that if this rate  remains  stable, India will become a $30 trillion economy by  2047.  

 As part of his  ‘end of year thoughts’,  Uday Kotak on  UNITED STATES.  To achieve this, India will  need  to  achieve 9%  annual growth, he said. 

  Kotak wrote  about banks,  UTI and LIC.” 

 He  added: “Even  in the 90s, investing in  stocks  was  still  considered  ‘speculative’. As a result,  companies  seeking  capital  have turned  to  foreign institutional  investors (FIIs).  FIIs  see the  potential and  buy up  companies while  Indian  savers stay  away. Companies  that have  raised capital through the  Luxembourg Stock Exchange are  less  well known. Indian  capital  markets have been  exported. ” 

 Uday Kotak  talks about  ‘creating  sustainable  growth’ in India 

 Uday Kotak,  founder of  Kotak Mahindra Bank,  highlights  seven  key  points to  ensure steady growth of the Indian  economy  over  the  next  decade,  focusing  on  increased  investment and  debt reduction.

 The banker said  companies should raise equity  capital  cheaply  for productive use, which will  attract more investors and  lead to  growth in the Indian stock market.

  “While  we must avoid tax arbitrage  on  debt, unless  the  debt  market develops,  it will be a  one-way race,” Kotak said.  The current gap  between  the  39% and 10% top  marginal tax  rates  between debt and equity  may be  too  wide. »  

 He talked about  treating shareholders  as  partners  and suggested  reconsidering  double taxation  of dividends. Low-cost  leverage through derivatives can distort financial markets,  attracting  attention.

  Bankers suggest avoiding  retrospective  taxes  and regulatory  regimes  at all costs. He also highlighted two areas  that  India needs to focus on for steady  growth:  acquisition financing and streamlining  the  IBC/NCLT  process. 

 For more  information,  visit at https://happenrecently.com/zepto/?amp=1

Minister Goyal:  Rice trade  will  be affected by  the  Red Sea  crisis  

 New Delhi: The  Red Sea  crisis  is said to have  affected  rice trade, but clarity will emerge only next month, Union  Commerce Minister  Piyush Goyal  said.  

 India is  the  leading exporter of basmati rice, with  more than  4 million  tons exported abroad each year.  India  plans to export 500,000  tons  of new season basmati rice to Europe and the Middle East with  signed contracts.  

 Basmati rice  exports  may be affected due to  disruption of  trade  routes  in the Red Sea region and  grain  prices  are  expected  to increase due to  increased  logistics costs,  as  logistics  companies are  forced to  pause operations  and opt for longer routes to reach  European destinations.  and  the  Middle East. 

  The crisis  emerged after  Yemen’s  Houthi group launched  drone and missile  attacks  on commercial  cargo  ships  in  the southern end of the Red Sea. The Middle East is one of the largest  basmati rice  export  markets.  

  “The disturbances in the Red Sea are real. Currently,  no immediate  effects have been  reported. When the current month’s data  becomes available  next month,  any significant impact  will become  apparent,”  Goyal said. 

  “The  only sector  affected, as  far as I know,  is rice  export.  But more details will be known  when  we get  the  December (trade)  figures,”  the minister said  on Thursday  at an event  organized on the occasion of the  launch  of  the e-commerce  export manual  for  small  and  medium enterprises (MSME).  

  Disruption to maritime activities  in the Red Sea,  which accounts  for a  significant portion  of global container traffic, has led to  increased logistics  costs for  products shipped  through  this  route,  including rice , oil  and manufactured goods. 

  After  banning the export of  non-basmati white rice  in June to stabilize domestic prices, India set a floor  price in August, with a  minimum export price of  1,200 USD/ton to sell  basmati  rice abroad.  This floor price was reduced to  950 USD/ton  in October. 

  According to  data from the Ministry of Commerce,  rice exports  increased  from $6.98 billion a year ago to $6.45 billion  between April and November  2023.  

For more  information,  visit at https://happenrecently.com/zepto/?amp=1