Businesstalks

 India is charting an ambitious course in Artificial Intelligence (AI), setting the stage for innovation, ethical governance, and social impact. With the IndiaAI Mission , the nation aims to establish itself as a global leader in AI, leveraging transformative technologies for economic growth and societal benefit. Here’s a closer look at India’s initiatives, programs, and global partnerships shaping the AI landscape. 1. National AI Portal (INDIAai) The National AI Portal , a collaborative effort by MeitY, NeGD, and NASSCOM, serves as a one-stop platform for AI-related developments in India. This portal is designed to foster a robust AI ecosystem by sharing insights on startups, investment opportunities, educational institutions, and government initiatives related to AI. Key Highlights : Sections : News, articles, research reports, case studies, videos, datasets, courses, and more. Statistics : 2,806 articles 1,175 news updates 334 videos 164 research reports 472 startups listed 184 ...

 The latest Household Consumption Expenditure Survey (HCES) 2023-24 , released by the Ministry of Statistics and Programme Implementation (MoSPI), highlights significant shifts in consumer spending patterns across India. For the first time in over a decade, both rural and urban households saw an increase in the share of food in their monthly expenditures, likely driven by rising food prices. Increase in Food Spending In nominal terms, rural households allocated 47.04% of their monthly expenditure to food in 2023-24, up from 46.38% in the previous year. Similarly, urban households saw an increase from 39.17% in 2022-23 to 39.68% in 2023-24. This rise reverses a long-standing trend of declining food shares in household spending. Shrinking Urban-Rural Gap in Consumption The gap between urban and rural average monthly consumption expenditure has narrowed consistently over the past decade. In 2023-24, rural households spent an average of ₹4,122 per person per month , a 9.3% increase fro...

 The primary market witnessed a wave of enthusiasm as shares of  One MobiKwik Systems Ltd ,  Vishal Mega Mart Ltd , and  Sai Life Sciences Ltd  made a remarkable debut on the stock exchanges on Wednesday, December 18. Investors who participated in these three IPOs, held between December 11 and December 13, saw significant listing gains. Here’s a detailed breakdown of how retail and high-net-worth individuals (HNIs) benefitted from these stellar IPOs: One MobiKwik Systems IPO Listing Performance : MobiKwik shares debuted with a premium of nearly 58%, opening at ₹440 on the NSE compared to the IPO price of ₹279. Retail Gains : For retail investors allotted the minimum lot of 53 shares, the listing gain amounted to ₹8,533 (₹161 x 53). NII Gains : Small non-institutional investors (minimum 14 lots) made ₹1,19,462, while large NIIs (minimum 68 lots) earned ₹5,80,244 in notional profits. Closing Price : The stock hit its upper circuit at ₹528, ending 20% higher on its...

  Market Ends Fourth Consecutive Week Higher; IT, Telecom, and Realty Stocks Outperform The Indian benchmark indices extended their gains for the fourth consecutive week ending December 13, despite heightened market volatility driven by mixed global cues ahead of the Federal Reserve's upcoming policy decision. Favorable factors such as Foreign Institutional Investors (FIIs) activity, better-than-expected Consumer Price Index (CPI) inflation, and Index of Industrial Production (IIP) data contributed to curbing weekly losses. The BSE Sensex advanced by 623.07 points (0.76%) to close at 82,133.12 , while the Nifty50 rose by 90.5 points (0.36%) to settle at 24,768.30 . The BSE Mid-Cap Index recorded a modest increase of 0.2%. Key Gainers and Losers Major Gainers : Delhivery Clean Science & Technology CRISIL Max Healthcare Institute Nippon Life India Asset Management Muthoot Finance Major Losers : Emami Zee Entertainment Enterprises Biocon Go Digit General Insurance UCO Bank Sun ...

 Vishal Mega Mart is set to make waves in the stock market with its highly anticipated ₹8,000 crore Initial Public Offering (IPO), opening for public subscription on December 11. Known for its strong foothold in tier-II cities and beyond, the retail giant remains unfazed by the rapid rise of quick commerce, bolstered by its unique business model and value-driven offerings. Positioned as a one-stop destination for middle and lower-middle-income consumers, Vishal Mega Mart offers a blend of in-house and third-party brands across three core categories: apparel, general merchandise, and fast-moving consumer goods (FMCG). The upcoming IPO is structured as a complete Offer for Sale (OFS) of shares by promoter Samayat Services LLP, with no fresh equity issuance. Reports suggest strong investor interest, as Vishal Mega Mart shares are commanding a 31% premium in the grey market, with the latest Grey Market Premium (GMP) standing at ₹24, according to an Economic Times report. The IPO comes ...

  Auto Stocks Slide as November Retail Sales Disappoint Auto stocks faced a downturn on Monday after the Federation of Automobile Dealers Associations (FADA) released disappointing retail sales data for November. Major players, including Hyundai Motor and Tata Motors , reported significant losses, reflecting weak demand in passenger and commercial vehicle segments. Hyundai Motor : Shares dropped 1.2% to ₹1,838, making it the biggest loser among auto stocks. Tata Motors : Fell 0.7% to ₹811. Maruti Suzuki : Registered a 0.4% decline. Mahindra & Mahindra (M&M) : Edged down by 0.3%. The Nifty Auto Index slipped by 0.44%, underscoring investor concerns over the industry’s performance. What’s Driving the Decline? FADA attributed the sales slump to several factors: A 13.7% year-on-year drop in passenger vehicle registrations to 3.22 lakh units. Commercial vehicle sales fell 6.1% to 81,967 units. Weak rural demand and subdued wedding season purchases. A spillover...

 Artificial Intelligence (AI) is the buzzword of the day in today's business world, and for good reason. Automatic product manufacture, strategic efforts, processing large amounts of data, and even the actual drafting of numerous legal documents are all examples of how it is fundamentally altering the situation. It is true that data is information these days, and anyone who is proficient in that field, whether they are an individual or a large or little business, will have a significant impact on the target audience and market. With robotic tools at its disposal, a corporation can anticipate dangers, likely prevent fraud, and preserve operational efficiency. Human behavior or an individual's preferences are also very close. For instance, I enjoy watching thrillers, and each time I finish one, it pushes me to watch the next one. This saves me time and maintains my interest in that platform or app. Investor satisfaction is crucial for a business, and the majority of frequentl...