16 January 2024

IMF Analysis: Lower AI Exposure for Indian Jobs Source and Citation: Originally reported in the Economic Times on January 16, 2024 Analysis for Layman A recent analysis by economists at the International Monetary Fund (IMF) suggests that India may be less vulnerable to job losses or displacement due to the adoption of artificial intelligence (AI) […]

Wholesale Inflation in India: Food Prices Drive Increase Source and Citation: Originally reported in the Economic Times on January 16, 2024 Analysis for Layman The Wholesale Price Index (WPI) based inflation in India, which measures prices at the wholesale/bulk trade level, increased to 0.73% in December 2023 from 0.26% in November 2022. This rise was

Mandatory FASTag KYC: Streamlining Toll Collection Source and Citation: Originally reported in the Economic Times on January 16, 2024 Analysis for Layman The National Highways Authority of India (NHAI) has declared that all vehicle FASTag RFID accounts must complete pending KYC (Know Your Customer) verification and retain only one active tag per vehicle by January

Dharavi Redevelopment: Adani’s Ambitious Project Source and Citation: Originally reported by ET Bureau in the Economic Times on January 16, 2024 Analysis for Layman Dharavi, one of Asia’s largest slum clusters in Mumbai spread over 600 acres, is set for a significant transformation as Adani Properties, led by the Adani Group, won the government tender

Pocket AI Gadget Rabbit R1 Sees Strong Reception Source and Citation: Originally reported by ET Bureau in the Economic Times on January 16, 2024 Analysis for Layman At the Consumer Electronics Show (CES) 2024, Rabbit R1, a new $200 pocket AI assistant device developed by Silicon Valley startup Rabbit Inc, gained significant market attention. The

Hotel Chains Expanding in Navi Mumbai Region Source and Citation: Originally reported by ET Bureau in the Economic Times on January 16, 2024 Analysis for Layman Major hospitality brands, including Radisson and Fern Hotels & Resorts, are actively expanding in the Navi Mumbai region by opening new hotels. Several budget, mid-segment, and luxury hotel projects

Boeing Launches Spare Parts Distribution Center in UP Source and Citation: Originally reported by PTI in the Economic Times on January 16, 2024 Analysis for Layman Aerospace giant Boeing has inaugurated a new 36,000-square-foot spare parts warehouse near Delhi, in partnership with shipping company DB Schenker. This airliner distribution center aims to reduce lead times

Disney Star and Viacom18 Compete Aggressively for IPL Sponsorship Amidst Merger Talks Source and Citation: Originally reported by ET Bureau in the Economic Times on January 16, 2024 Analysis for Layman Despite undergoing merger discussions at the parent level between Disney and Paramount, their Indian subsidiaries, Disney Star and Viacom18, are gearing up for an

Equity Assets of Indian Mutual Funds Reach All-Time High Source and Citation: Originally reported by ET Bureau in the Economic Times on January 16, 2024 Analysis for Layman Data from the share depository NSDL reveals that the proportion of total institutional investment assets held by domestic mutual funds in India reached a record 20% by

Indian Companies Spent Rs 48,000 Crore on Share Buybacks in 2023 Source and Citation: Originally reported by ET Bureau in the Economic Times on January 16, 2024 Analysis for Layman A share buyback refers to a listed company utilizing excess cash to repurchase its own outstanding shares, resulting in a reduced equity share count available