Author: newshens

HDFC Bank, India’s largest private-sector lender, has reportedly applied for a banking license in Singapore, marking its first foray into the city-state as part of its overseas expansion strategy the bank is awaiting approval from the Monetary Authority of Singapore (MAS), and the type of banking license sought remains undisclosed. The move is seen as a bid to tap into the Indian diaspora in Singapore for savings, term deposits, and cross-selling products, including mortgages with a focus on expanding its global presence, HDFC Bank aims to leverage the significant Indian community in Singapore, estimated at 650,000 non-residents and persons of…

As technology advances, questions arise about the potential for AI to take over tasks traditionally handled by human assistants, from organizing meetings to ordering lunch. AI virtual assistant platforms like ClickUp AI and Wally tout capabilities ranging from consolidating daily tasks to drafting emails, challenging the role of personal and executive assistants. While automation and AI can handle routine tasks, Mansoor Soomro, a senior lecturer, argues that AI struggles with complex decision-making and lacks the emotional intelligence essential for nuanced interactions. Joanne Manville, a UK-based assistant, believes AI is valuable for functional tasks but emphasizes the irreplaceable human touch and…

In 2017 Christina O’Neill discovered the tantalizing taste of gobi (cauliflower) manchurian at a friend’s home in California, instantly making it her favorite with its crisp florets and spicy-sweet allure. Across the US, cauliflower manchurian and other Indo-Chinese delights have become a common sight, finding a place in plush parties and downtown restaurants, reflecting the bold mix of soy sauce, vinegar, garlic, and ginger with a generous dose of chili. While rooted in India’s culinary history, Indo-Chinese cuisine has seamlessly integrated into American dining establishments, with restaurants like Aurum and Broadway Masala in the San the expectations and the evolving…

Gaming and media firm Nazara Technologies has successfully raised Rs 250 crore from existing investors, including ICICI Prudential and Zerodha co-founder Nikhil Kamath. The fundraising involved issuing over 28 lakh equity shares at Rs 872.15 per share. Entities related to Nikhil Kamath invested Rs 100 crore, while those related to ICICI Prudential contributed Rs 75 crore. The remaining funds came from investment firms Plutus Wealth Management and Chartered Finance and Leasing Ltd. Following this investment, Kamath holds just under 5% in Nazara, while ICICI Prudential holds over 5%. Nazara also acquired a 10.77% minority stake in influencer marketing firm Kofluence…

Dhruv Kapoor’s Fall 2024 menswear collection stole the spotlight at Milan Fashion Week, making a profound impact with its unique blend of utility, couture, and sporty chic. Going beyond conventional fashion, Kapoor’s showcase conveyed a compelling message of harmony, balance, and love, contributing to a refreshing narrative in the fashion industry. The collection featured dominant themes of jerseys, sweatshirts, and denim silhouettes, showcasing Kapoor’s ability to seamlessly merge diverse elements into a cohesive and stylish presentation. Kapoor’s visionary concept of a utopian world where opposites collide was palpable on the runway, especially in a standout look adorned in sequins with…

A new report by the World Economic Forum (WEF) in collaboration with the McKinsey Health Institute highlights the potential of bridging the women’s health gap to contribute a staggering $1 trillion annually to the global economy by 2024. The report emphasizes that addressing health conditions unique to or disproportionately affecting women could significantly improve the quality of life for women and add economic value. It suggests that reducing barriers that limit women’s workforce engagement and income could cut the time spent in poor health by nearly two-thirds. On average, women spend 25% more of their life in poor health than…

On January 15, 2024, DBS Bank India and CRISIL released a comprehensive report highlighting the active involvement of 98 percent of employed and self-employed Indian women in long-term family decisions. The study, encompassing over 800 women across 10 cities, explores various financial behaviors, emphasizing the influence of age, income, marital status, dependents, and home location on women’s financial choices. The report, part of the trilogy titled “Women and Finance,” offers insights into the evolving financial priorities of urban women at different life stages. It reveals changing priorities, with home-related decisions dominating for those aged 25-35, shifting to children’s education for…

As Union Finance Minister Nirmala Sitharaman gears up to present the Interim Budget on February 1, stakeholders in the real estate sector are optimistic about positive impacts. With the sector’s resilience in FY 2023-24, sales returning to 90% of pre-COVID levels, expectations are high for government initiatives. The sector’s projected contribution to India’s GDP rising from 6-8% to 13% by 2025 highlights its significance. Affordable housing is a key focus, with industry leaders like Bonito Designs CEO Amit Parsuramka emphasizing the potential positive impact on the home interior and real estate market. Support for affordable housing and low home loan…

Sri Sanjay Mehrotra, President and CEO of Micron Technology, the world’s largest chip manufacturing company, paid a courtesy call on Chief Minister Sri A. Revanth Reddy at his residence, discussing potential investments in Telangana. The CEO expressed satisfaction with the conducive investment environment in Telangana and engaged in talks about establishing industrial units in the state. He highlighted the state’s favorable atmosphere for investments. Chief Minister Revanth Reddy assured the Micron Technology CEO of full cooperation and support from the Telangana State Government, emphasizing the commitment to facilitating a conducive business environment. The Chief Minister expressed optimism that industrialists, including…

Kristin Juszczyk, the wife of San Francisco 49ers fullback Kyle Juszczyk, is carving out her own niche in the fashion industry, showcasing her creativity and talent. Married since 2019, the Juszczyk couple shares a commitment to their respective crafts. While Kyle dedicates countless hours to football preparation, Kristin channels her energy into creating unique fashion pieces using her husband’s 49ers gear. Kristin’s foray into fashion design began with her passion for making Halloween costumes. Inspired by a desire to dress like Britney Spears and Justin Timberlake one year, she purchased a sewing machine and turned to YouTube to learn the…