NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic … Read more
Gold rate today witnessed selling pressure as investors await the release of the US inflation data on Friday. Gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 expiry opened downside at ₹71,422 per 10 gm and intraday low of ₹71,402. However, the MCX gold rate witnessed some buying at the lower level … Read more
Rachna Khare, 55, from Bhopal, understands this deeply. She recently established a trust for her 28-year-old son, Rachit. “By the time my son turned 21, we helped him transition to an assisted living setup. Once he settled, we focused on securing his financial future and consulted professionals who advised us to create a trust,” Khare … Read more
Professionals from all walks of life are feeling the change, and the pace of user-centric AI-based tools like ChatGPT or Co-pilot has been stupendous. The second episode of Mint’s all-new series on AI, All about AI, presented in association with Salesforce, saw a cross-section of experts deliberate how technologies like AI and ML are disrupting … Read more
The Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2024-25 in July. Several stakeholders from the education sector voiced their expectations from Finance Minister Nirmala Sitharaman. The Union Budget for this financial year, comprising estimated receipts and expenditures of the government in various sectors, is expected to … Read more
UltraTech Cement, on June 27, announced that its board has approved the acquisition of a 23 percent equity stake in India Cements. UltraTech plans to purchase 7.06 crore shares of India Cements at ₹267 per share, bringing the total deal value to approximately ₹1,885 crore. The promoter group holds a 28.42 percent stake in India … Read more
Passive investments have seen significant growth in recent times, driven by increased investor interest in the benefits they offer. According to te Association of Mutual Funds in India (AMFI), the share of passive funds in the mutual fund industry grew from 5.8% in April 2019 to 17.5% in March 2024. Passive investing involves tracking a … Read more
This phenomenon can lead to confusion and decision-making delays, posing significant challenges in fields heavily reliant on Artificial Intelligence. However, the Economic Times report stated that many AI roles, such as AI research scientist, chatbot specialist, and AI marketing specialist, are in high demand. They earn 40-80% more in salary than traditional IT positions. Industry … Read more
The increase in allocations may, however, be moderate, ranging from between 5% and 10% of the FY24 (revised estimate) levels as the government expects a significant increase in private money flowing into the sector. The government is anticipating an increase in private investments in road construction projects being awarded under the build-operate-transfer (BOT) toll model … Read more
Extending its winning streak for the fourth consecutive trading session on Thursday, the Nifty Bank index achieved a new milestone by surpassing the 53,000 mark for the first time, reaching a fresh record high of 53,180 points. In the past four trading sessions, the index has surged by 2.60%, largely driven by strong performances from … Read more