The FinTech Hub
Source: Live Mint PWC, a professional-services firm, reckons that AI could add almost $16trn to global economic output by around 2030 (compared with 2017). McKinsey, a consulting firm, separately arrived at a similar figure, but now reckons this could rise by another 15-40% because of newer forms of AI such as large language models. Yet…
Source: Live Mint In a market dominated by non-bank financiers, a public bond issued by an Adani group entity is the first from a non-lending company since 2016, when the National Highways Authority of India came out with an issue. A public bond market issue is when a company offers it to retail, or individual,…
Source: Live Mint Edelweiss Mutual Fund’s managing director and chief executive officer (CEO), Radhika Gupta, supported ordinary investing compared to chasing unrealistic gains offered by potential fraudsters in the market waiting to entrap retail investors. Gupta took to her social media profile on platform X and said that investors should stick to “dal-chawal investing” (ordinary…
Source: Live Mint Dr. Sarvepalli Radhakrishnan, India’s former President and one of the nation’s most revered educators, once said, “The true teachers are those who help us think for ourselves.” As we celebrate Teachers’ Day on September 5th, Dr. Radhakrishnan’s birthday, it’s important to recognize that everyone we encounter has something to teach us. The…
Source: Live Mint Google became one of the world’s largest companies by building the world’s most popular internet search engine. But the advent of AI has spawned an army of rivals ready to upstage its monopoly. Now, with OpenAI showcasing SearchGPT, should Google be scared? Is SearchGPT really novel? Not really. Microsoft’s Bing—incidentally powered by…
Source: Live Mint Let’s get real—you’re not going to work forever. At some point, the daily grind will become exhausting, and you’ll need more time for health and family. With life expectancy rising, you could easily be living into your 90s, which means 30 years without a paycheque. Now, factor in inflation, which could triple…
Source: Live Mint Foreign portfolio investors (FPIs) continued their three-month streak in Indian equities, but inflows moderated in August, driven by domestic and global factors. However, they were consistent buyers in June and July after election-related jitters faded and stability returned to Indian markets. However, FPIs halted their buying streak with the onset of the…
Source: Live Mint In 2023 Apple released the iPhone 15 Pro, powered by the a17 bionic chip, with 19bn transistors. The density of transistors has doubled 34 times over 56 years. That exponential progress, loosely referred to as Moore’s law, has been one of the engines of the computing revolution. As transistors became smaller they…
Source: Live Mint The central government on Wednesday, September 4, approved a proposal for a Centralised Pension Payment System (CPPS) for the Employees Pension Scheme (EPS), 1995. The move is expected to benefit more than 78 lakh people. The Centralised Pension Payment System will be an important shift by establishing a national-level centralised system that…
Source: Live Mint Sending your child abroad for higher studies is no mean task, as it costs a lot. Today, affordable options like Ukraine, Russia, and China are under a cloud due to geopolitical reasons. Studying in the US and UK has always been costly, and other popular destinations like Canada, New Zealand, and Australia…
