Recall, an innovative platform for AI agent competitions, has launched a new points program called Surge. This initiative encourages users to engage in competitions, build a community, and learn about AI agents. Participants can earn fragments, which are Recall’s native points, by contributing to the platform’s success. Surge aims to bridge the gap between AI ...
Recall, an innovative platform for AI agent competitions, has launched a new points program called Surge. This initiative encourages users to engage in competitions, build a community, and learn about AI agents. Participants can earn fragments, which are Recall’s native points, by contributing to the platform’s success. Surge aims to bridge the gap between AI ...
Credit card spending is anticipated to increase during the upcoming festival season, driven by discretionary purchases and promotional offers. However, growth may be tempered due to stricter regulations on unsecured lending and rising delinquencies in credit card payments. In August 2024, credit card transactions rose by 13.51% year-on-year, but there was a slight decline compared ...
 "CNG vehicles surge in India, outpacing petrol sales, driven by affordability, cleaner emissions, and expanding refueling infrastructure.")
Compressed natural gas (CNG) is rapidly gaining popularity among Indian car buyers, with sales of CNG vehicles rising by 46 percent in the first eight months of the year. This surge comes as petrol vehicle sales declined by 4.5 percent. Factors driving this trend include new car launches, increased CNG fueling stations, and manufacturers focusing ...
In Jammu, Union minister G Kishan Reddy responded strongly to Rahul Gandhi’s recent comments criticizing Prime Minister Narendra Modi. Reddy suggested that Gandhi should engage with various groups like farmers, soldiers, and scientists to understand the confidence and support Modi enjoys among the public. He claimed Gandhi’s remarks reflect a misguided perception, arguing that Modi’s ...
 "Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.")
Foreign portfolio investors (FPIs) injected over Rs 87,000 crore (over $10 billion) into Indian equities this quarter, marking the highest inflow since June 2023. Key factors driving this investment include improved growth prospects, increased global index weight, and a robust IPO Market, with 50 companies raising Rs 53,453 crore by August 2024. Despite a sluggish ...
 "India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.")
India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...
 "Infosys’ Cobalt platform propels AI adoption, transforming business models, as executives anticipate a surge in GenAI demand.")
Infosys, India’s second-largest IT services provider, is successfully leveraging its Cobalt platform to enhance artificial intelligence (AI) and generative AI (GenAI) initiatives. Launched four years ago, Cobalt helps clients transition to cloud-led digital transformations. Anant Adya, executive vice president at Infosys, explained that Cobalt now supports “grow, disrupt, and transform” projects, shifting from traditional IT ...
 "Bajaj Auto’s Rakesh Sharma discusses the surge in electric scooter sales, challenging startup rivals’ predictions about the demise of ICE vehicles.")
Bajaj Auto is experiencing a significant surge in electric scooter sales, driven by the launch of models priced below Rs 1 lakh and an expanded distribution network. Rakesh Sharma, the executive director, shared insights in an email interview about the company’s ambitious plans for the electric vehicle (EV) Market. He addressed concerns raised by competitors ...
 "SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.")
SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...
