Accenture

Accenture Betters Full-Year Revenue Forecast as AI Pushes Growth Higher

Global consulting and technology giant Accenture has raised its full-year revenue forecast, citing the transformative impact of artificial intelligence (AI) on its business operations and client demand. The company’s latest financial outlook underscores how AI-driven solutions are reshaping industries, boosting efficiency, and creating new opportunities for digital transformation. Context of the Forecast Upgrade Accenture has…

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PNB

PNB Launches Digi MSME Prime, Offers Loans of Up to Rs 10 Crore to MSMEs

Punjab National Bank (PNB) has unveiled a new initiative called Digi MSME Prime, aimed at empowering India’s micro, small, and medium enterprises (MSMEs). The scheme offers loans of up to ₹10 crore, combining digital convenience with tailored financial solutions to support business growth, innovation, and competitiveness. Context of the Launch MSMEs form the backbone of…

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Atanu Chakraborty

Atanu Chakraborty Quits as HDFC Bank Chairman Citing Ethical Concerns

In a dramatic development in India’s banking sector, Atanu Chakraborty, the chairman of HDFC Bank, has resigned from his position, citing ethical concerns. His exit has sent shockwaves across the financial industry, raising questions about governance, transparency, and accountability in one of India’s largest private banks. Context of the Resignation Chakraborty, a former bureaucrat and…

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Rupee

Rupee hits all-time low against dollar: Key drivers explained

The Indian rupee has plunged to an all-time low against the US dollar, sparking concerns across financial markets, businesses, and households. The depreciation reflects a mix of global and domestic pressures, including surging crude oil prices, foreign capital outflows, and the strengthening of the US dollar amid geopolitical tensions. Key Drivers Behind the Rupee’s Decline…

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BHAVYA scheme

Big boost! Cabinet clears Rs 33,660 crore BHAVYA scheme to build 100 plug-and-play industrial clusters; check details

India’s industrial growth story has received a significant push as the Union Cabinet has approved the BHAVYA scheme with an outlay of Rs 33,660 crore to establish 100 plug-and-play industrial clusters across the country. This ambitious initiative is designed to accelerate manufacturing, attract investments, and create millions of jobs while ensuring balanced regional development. Strategic…

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Asian markets

Asian markets fluctuate as oil prices rise above $100 a barrel

Global financial markets are facing renewed volatility as Asian indices fluctuated sharply after oil prices surged past $100 per barrel. The sudden rise in crude prices has reignited concerns about inflation, energy security, and economic growth across the region. Investors are closely monitoring the situation, with energy-dependent economies in Asia particularly vulnerable to the impact…

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triple whammy

Finance panel flags ‘triple whammy’ risk from oil surge, urges energy mitigation framework

India’s economic planners are sounding the alarm over rising global oil prices, with the Finance Panel warning of a ‘triple whammy’ risk that could destabilize the country’s fiscal balance, trade dynamics, and inflation trajectory. The panel has urged the creation of a comprehensive energy mitigation framework to shield the economy from external shocks and ensure…

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AI

Study finds 9 out of 10 companies are happy to replace humans with AI if given a chance

A recent study has revealed a striking trend in the global corporate landscape: nine out of ten companies would willingly replace human workers with artificial intelligence (AI) if given the opportunity. This finding underscores the accelerating pace of automation and digital transformation across industries, raising questions about the future of work, employment, and human-machine collaboration….

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IIT Guwahati

IIT Guwahati creates material for sustainable hydrogen, drinking water

India’s scientific community has achieved a breakthrough as IIT Guwahati researchers have developed a novel material capable of producing sustainable hydrogen while simultaneously purifying drinking water. This innovation addresses two of the most pressing global challenges—clean energy generation and access to safe drinking water—through a single integrated solution. The Significance of the Innovation Hydrogen is…

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IEX

IEX moves closer to coal exchange launch; board gives in-principle nod

India’s energy sector is on the brink of a major transformation as the Indian Energy Exchange (IEX) has moved closer to launching a coal exchange, with its board granting in-principle approval. This development marks a significant milestone in the country’s efforts to modernize coal trading, improve transparency, and streamline supply chains for one of its…

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