Top Headlines: Modi, Scholz Discuss Ties; Ant Group To Pare Stake In Paytm
'Education, skilling have equal emphasis under new NEP', says PM Modi
The new National Education Policy (NEP) has reoriented and placed emphasis on both education and skilling according to the aptitude and demands of the youngsters, Prime Minister Narendra Modi said in a post-budget webinar on Saturday.
Addressing the webinar 'Harnessing Youth Power- Skilling and Education', the PM Modi lamented on the lack of flexibility in the education system over the years and said that the sector has been "rigid". Read more
PM Modi, German Chancellor Scholz hold wide-ranging talks to boost ties
Prime Minister Narendra Modi and German Chancellor Olaf Scholz held talks on Saturday.
"The strong ties which India and Germany share are based on shared democratic values, and a deep understanding of each other's interests. The two countries also share a long history of cultural and economic exchanges between them. Along with being our largest trading partner in Europe, Germany is also an important source of investment in India," PM Modi said during the joint press meet.
He said "apart from being our largest trading partner in Europe", Germany is also an important source of investment in India. Read more
Jack Ma-backed Ant Group plans to pare stake in Vijay Shekhar's Paytm
Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, according to people familiar with the matter.
The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks, the people said, requesting not to be identified because the matter is private.
Talks are preliminary and details could change depending on regulatory and pricing concerns, the people added. Ant didn’t immediately respond to emailed requests for comment. Paytm declined to comment. Read more
Private consumption likely to take a hit on India's IT sector squeeze
Private consumption in the country is likely to be affected because of a cutback in fresh hiring and lower pay increments given by domestic IT companies, whose salary bill continues to grow faster than that of the rest of Indian Industry.
Any slowdown in their employee expenses is expected to weigh on income growth in the economy. This can adversely affect demand for big-ticket consumer goods such as cars, high-end mobiles, home appliances, and new homes. Read more
Explainer: How lithium reserves can help speed up India's EV dream
As India gears up to boost electric vehicle (EV) adoption, the massive find of lithium reserves in the country has brightened up the prospects for the country in the field of EV battery cell manufacturing.
According to the Council on Energy, Environment and Water (CEEW), the country will require Rs 33,750 crore of investment to meet its domestic lithium-ion battery manufacturing target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants. India's lithium cell production is projected to be 70-100 GWh by 2030. Read more
Titi Coles Legacy In Finance: Pioneering Diversity And Leadership
Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more
Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more