Wed, Jan 20, 2021 6:00 PM
CMI selected as a vendor for Abu Dhabi National Oil Company
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Shares of Karur Vysya Bank rallied 3.3 percent to Rs 193.6 apiece on May 14 after it reported a steady January-March quarter (Q4FY24) performance. Analysts at Kotak Institutional Equities maintained a 'buy' call post Q4 results and raised target price to Rs 215 per share from Rs 195, indicating an upside of 11 percent from current levels. Karur Vysya Bank reported 35 percent year-on-year (YoY).
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Spending on Artificial Intelligence (AI) in the country may triple to USD 5 billion by 2027, an Intel-IDC report released on Tuesday said. According to the report, entities in India spent USD 1,703.8 million on AI in 2023. It was followed by augmented customer service agents at USD 168.8 million, digital assistance USD 113.1 million, augmented threat intelligence USD 100.1 million.
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Since the Reserve Bank of India (RBI) is set to start cutting the repo rate towards the year-end, thus triggering the lower interest rate cycle — it is recommended to lock your deposits at higher rates for the long term. Here we give a lowdown on banks offering highest ROI 📌Bank of Baroda 📌State Bank of India (SBI) 📌HDFC Bank 📌Kotak Mahindra Bank 📌Punjab National Bank 📌ICICI Bank.
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