India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
The journey of life will always come with its temptations; it is the ability to stick to your goal that will eventually lead you to success. A fascinating excerpt from Manish Vij's must-read book, Brick by Brick.
The government-backed Open Network for Digital Commerce (ONDC) is likely to start levying user charges in the current financial year.
Shobha Warrier/Rediff.com travels to Pullampara to discover how it became India's first digital literate village.
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
While data can empower communities, it reinforces identities, making local politics more caste-centric, with decisions increasingly contested on the grounds of representation.
Such dynamics could lead to shifting alliances and, in the worst case, local governance getting paralysed as each group demands proportional power-sharing, explain Amitabh Kundu and Mehebub Rahaman.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'Health and motor insurance will continue to be our two most important segments'
Mental health experts and counsellors highlight how to identify early signs of distress in children and what parents and peers can do to prevent someone from taking their life.
'It has remained around 38 per cent over the past four to five quarters.'
'The impact of CBDC on deposits and deposit insurance is largely unknown.'
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
With nearly 100 launches and unveils, the Bharat Mobility Global Expo 2025, held in Delhi from January 17 to 22, made one thing clear to automobile enthusiasts: Electric vehicles (EVs) are the way ahead for the Indian auto market for years to come.
When evaluating bonds, returns shouldn't be the sole factor. Pay close attention to the bond's credit rating. It should ideally be AA or higher.
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced recalibration of a proposed $15 billion deal to sell 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco, saying the two firms have agreed to re-evaluate the proposed investment in light of the Indian firm's new energy forays. The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.
The Reserve Bank is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail segments in the near future, RBI Deputy Governor T Rabi Sankar said on Thursday. He said the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it. Sankar further said CBDC is needed to protect consumers from the "frightening level of volatility" seen in some of the virtual currencies which have no sovereign backing.
Metropolis Healthcare (MHL) has decided to acquire a 100 per cent stake in Gurgaon-based Core Diagnostics for Rs 247 crore. This is about 2.2x FY24 (financial year 2023-24) enterprise value (EV)/sales and estimated 14x FY26 EV/Ebitda for the deal.
Busy daters will use AI tools to save time and avoid awkward conversations. Two in 10 daters turn to AI for unbiased relationship advice, predicts rediffGURU Ravi Mittal, CEO, Quack Quack, an online dating Web site.
'Unfortunately, most of our students use AI to replace knowledge when they should be using the AI tools to enhance their knowledge.' 'I am sorry to say, even those students who have opted to study AI have no idea what AI is.'
The setting up of STEAG is part of the Army's efforts to develop technologies considering the future battlefield, they said.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
'We found certain banks having lakhs of such accounts with apparently no valid reason.'
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India's Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
In a post on LinkedIn, co-founders Aprameya Radhakrishna and Mayank Bidawatka announced that the platform will be discontinuing its services to the public, as talks for a partnership with multiple larger internet companies, conglomerates and media houses did not yield the desired outcomes.
Rakul Singh and Jackky Bhagnani confirmed their relationship in October 2021.
Passive consumption of social media content, like mindlessly scrolling through feeds without engaging with them, has been linked to increased envy and decreased life satisfaction, cautions Dr Maithili Tambe.
Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of 100 World's Most Influential Companies of 2024. TIME called Reliance 'India's Juggernaut'. This is the second time that Reliance has found its way into the TIME list. Jio Platforms, the firm that holds digital properties of the conglomerate, was included in the inaugural TIME 100 Most Influential Companies List of 2021. Serum Institute is the other Indian company on the list.
As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.
'Banks may find small ticket size lending economically unviable due to the cost of branch operations.'
Screen time, referring to the time children spend watching television or playing computer games, was found to impact the development of executive functions of brain such as working memory, planning and responding flexibly to changing situations.
Considering factors like job prospects, growth potential and industry trends can provide valuable insights into selecting a suitable career path, suggests rediffGURU Rohit Gupta.
Jobs requiring AI skills carry a significant wage premium, with some roles offering up to a 25 per cent increase in wages, notes Manoj Nagpal, vice president, professional services, OpenText, an information management company.
'That is a significant milestone for us and something we aspired for.'
India is Facebook's largest market with 250 million active monthly users. Along with Google, it has a 70 per cent share in the Rs 1,000 crore domestic digital ad market.
Developers in India now have expanded access to Google's powerful AI models with the 2 million token context window in Gemini 1.5 Pro and Gemma 2, the next generation of open models.
'Subjecting each such creative content to scrutiny will impose burdens on the OTT platforms and impact user experience.'
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
With the use of e-wallets gaining momentum after the note ban, e-wallet service providers have doubled down on developing new security features in their apps. Sharath Chowdary reports.
The double-digit growth in itself is eye-popping, given the FMCG sector has seen low single-digit volume growth in recent times.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
