Uttar Pradesh is seeing a rise in education loans but a decline in the outstanding amount, signaling a robust credit flow in the sector. During the first nine months of FY24 (April to December), around 30,000 fresh education loans amounting to nearly Rs 1,028 crore were disbursed in the state. This is a… Continue reading Uttar Pradesh sees rise in education loans, outstanding amount declines | News
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Policymakers try to catch up with rise of AI in healthcare
Lawmakers and regulators in Washington are starting to puzzle over how to regulate artificial intelligence in healthcare — and the AI industry thinks there’s a good chance they’ll mess it up. “It’s an incredibly daunting problem,” said Dr. Robert Wachter, chair of the Department of Medicine at UC San Francisco. “There’s a risk we come… Continue reading Policymakers try to catch up with rise of AI in healthcare
MedPlus Health reports 18% rise in Apr-June qtr profit on retail demand
Its revenue rose 29.2% to 12.84 billion rupees in April-June quarter, which managed to offset a 29% rise in expenses. BENGALURU (Reuters) – India’s MedPlus Health Services reported a 18.3% rise in first-quarter profit on Monday as increased presence of the pharmacy helped drive its retail sales. The company’s consolidated net profit rose… Continue reading MedPlus Health reports 18% rise in Apr-June qtr profit on retail demand
Domestic ownership falls 1st time in 7 quarters, rise in foreign investment
Domestic investors’ — individual and institution — ownership in listed companies on the National Stock Exchange (NSE) declined for the first time in seven quarters amid a rise in investments by overseas funds. During the June quarter of the 2023-24 financial year (Q1FY24), it stood at 25.50 per cent, down 25.73 per cent from… Continue reading Domestic ownership falls 1st time in 7 quarters, rise in foreign investment
Bayer Cropscience posts profit rise in Q1 on corn business strength
Illustration: Ajay Mohanty Bayer Cropscience, the Indian unit of German drug and pesticide maker Bayer AG, on Monday reported an 8.6% rise in quarterly profit, boosted by strong sales in its corn seeds business. Profit rose to 3.29 billion rupees ($39.77 million) for the quarter ended June 30, from 3.03 billion rupees a… Continue reading Bayer Cropscience posts profit rise in Q1 on corn business strength
US inflation data may offer some comfort to the Fed, CPI likely to rise .2%
By Vince Golle and Craig Stirling A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained. The consumer price index is projected to rise 0.2 per cent in July for a second month after excluding food and… Continue reading US inflation data may offer some comfort to the Fed, CPI likely to rise .2%
Pakistan’s inflation touches 29.8% amid rise in food, energy prices
A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation up to 29.83 per cent, Geo News reported on Saturday citing The News. According to the Pakistan Bureau of Statistics (PBS), the increase in the sensitive price indicator (SPI)… Continue reading Pakistan’s inflation touches 29.8% amid rise in food, energy prices
Televisions likely to get costlier by up to 10% as open cell prices rise
Premium Prices of open cells have been on the rise since the start of 2023 pushing manufacturers to also hike prices. Television (TV) manufacturers will increase prices by up to another 10 per cent in August due to rising costs of open cells, a key component in TV production. Since the beginning of… Continue reading Televisions likely to get costlier by up to 10% as open cell prices rise
CAMS reports 18% rise in profit after tax to Rs 76 cr in June quarter
Its revenue rose 10.4 per cent to Rs 261.3 crore in the quarter under review from Rs 236.65 crore in the April-June quarter of 2021. Registrar and transfer agent for mutual funds CAMS on Friday reported an 18 per cent growth in profit after tax (PAT) to Rs 76.34 crore for the June quarter.… Continue reading CAMS reports 18% rise in profit after tax to Rs 76 cr in June quarter
CESC reports more than 21% rise in Q1 profit on strong power demand
BENGALURU (Reuters) – India’s CESC on Friday reported a more than 21 rise in first-quarter profit, aided by robust power demand in the pre-monsoon and summer months. The power generation and distribution company posted a consolidated net profit of 3.47 billion rupees ($41.90 million) for the quarter ended June 30, compared with 2.86… Continue reading CESC reports more than 21% rise in Q1 profit on strong power demand