Axis bank’s growth plans
SBI’s Rs 100-trillion target
Festive credit card surge
Liquidity deficit returns 
RBI flags risks 


Axis bank's growth plans
SBI's Rs 100-trillion target
Festive credit card surge
Liquidity deficit returns 
RBI flags risks

BFSI news wrap: Axis bank's growth plans, SBI target, credit card surge Liquidity deficit, RBI flags risks

BFSI news wrap: Axis bank’s growth plans, SBI target, credit card surge Liquidity deficit, RBI flags risks 

Kaplan talks about free flow of data to age-appropriate content and more

Going ahead, the company intends to continue supporting its Indian partners and customers to leverage growth opportunities, as the country remains a high-growth market for Infineon, he said

Il Foglio, Italy's conservative-liberal daily, has launched a month-long experiment with an AI-generated edition to highlight artificial intelligence's impact on journalism

Samsung OneUI 7 to release on April 7. Apple releases iOS 18.4 dev beta 4. Lenovo Idea Tab Pro launched in India. Copilot on PC gets a new feature. Realme P3 Ultra launch on March 19

Rajasthan has also called for conducting a detailed study to connect towns and small cities falling within 45-50 km radius of Jaipur to the metro network

At least three persons were killed and three others seriously injured in the clash between two groups over suspected witchcraft practice in Odisha's Ganjam district on Tuesday, police said.
The clash took place at Kharipalli village under. The clash broke out due to the suspected witchcraft in the village, police said.
The deceased were identified as Khadal Behera (70), his son Ratnakar Behera (35) and Ramesh Behera (40), they said.
The injured persons were first admitted to Dharakote hospital and later referred to MKCG Medical College and Hospital here. Their condition was stated to be serious, hospital sources said
Senior police officers along with additional forces have rushed to the spot.
"Though the situation in the village was tense, but under control after the arrival of the police forces," said SP (Ganjam) Subhendu Kumar Patra. Forces along with police officers were camping in the village, the SP said.
Though the exact reason for the incident was not known immediately, ..

Though the exact reason for the incident was not known immediately, previous enmity between the two groups in the village was suspected to be the cause of the clash

FM Nirmala Sitharaman said that production-linked incentive schemes attracted investments worth Rs 1.5 trillion so far, created 950,000 jobs

With a focus on tourism, rural development and green energy, Chief Minister Sukhvinder Singh Sukhu on Monday presented the annual Budget of Rs 58,514 crore for 2025-26.
While presenting his third annual Budget for FY26, Sukhu said the year 2025-26 is full of financial challenges as revenue deficit grant has been reduced and GST compensation has been stopped which will impact the state's economy.
The Revenue Deficit Grant (RDG) has been reduced from Rs 10,949 crore in 2021-22 to Rs 3,257 in 2025-26, while Himachal Pradesh incurred a loss of Rs 9,478 crore till 2023-24, despite Good and service Tax (GST) compensation given by the centre to the state, he said.
The government will focus on promoting religious and eco-tourism besides exploring lesser-known tourist destinations, he said, adding that tea estates would be developed as eco-tourism destinations.
Operators were selected for seven eco-tourism sites in 2024 and 78 new eco-tourism sites would be allocated in the next phase and .

The Chief Minister also announced to give arrears of pensioners in the age bracket of 70-75 years in the first phase in May

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

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After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
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BFSI news wrap: Axis bank’s growth plans, SBI target, credit card surge Liquidity deficit, RBI flags risks

Axis bank’s growth plans SBI’s Rs 100-trillion target Festive credit card surge Liquidity deficit returns RBI flags risks

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