A recent SBI research report analyzing Income Tax Return (ITR) data shows that income inequality among individuals in India has decreased. The Gini Coefficient dropped from 0.489 in FY12 to 0.460 in FY23, suggesting that government efforts are helping lower-income groups. The report expects this trend to continue, predicting a further decrease to 0.441 by AY25.
YouTube has launched YouTube Shopping in India, letting creators tag brands in their videos. By teaming up with Flipkart and Myntra, creators can earn money on sales. To join, channels need to be part of the YouTube Partner Program, be based in India, and have more than 10,000 subscribers.
Bhubaneswar, Odisha, is getting ready for Cyclone Dana, with schools closing and travel plans disrupted. The cyclone is expected to hit with winds reaching up to 120 km/h. Trains and flights are canceled, and authorities are evacuating people from vulnerable areas.
Even though global edible oil prices are going up, India won't lower its recent import duty hikes. The government wants consumers to adapt to current market prices to help the country become more self-sufficient. Officials believe these increases are necessary despite the pressure from rising global costs.
Priyanka Gandhi Vadra has officially entered electoral politics by filing her nomination for the Wayanad bypoll. Her husband, Robert Vadra, expressed pride in her decision and highlighted her dedication to working hard and campaigning for herself.
This is about the partnership between Reliance Industries and Nvidia to set up AI infrastructure in India. Nvidia CEO Jensen Huang highlights how India is ready for AI growth, thanks to improvements in digital connectivity and computing power. The collaboration aims to improve AI services and applications for Reliance's large customer base.
Zoho Corporation is teaming up with NVIDIA to use its AI-powered computing platform for creating large language models (LLMs) in its software services. This partnership will boost user privacy and improve business operations for over 700,000 customers around the world.
Jayde Powell, a social media strategist, made Rs 22.70 lakh in a year through brand partnerships on LinkedIn. She shifted her focus from traditional platforms and turned her corporate experience into engaging posts, which led to significant income and the launch of her agency, The Em Dash Co.
Andhra Pradesh will give out three free LPG cylinders each year starting this Deepavali, with a budget of ₹2,700 crore. This plan follows a promise made during the elections and includes a cash refund option for people who already paid for their cylinders. The Cabinet also removed GST on free sand supply and talked about celebrations for the state's formation day, while planning to upgrade a local hospital.
Citi has upgraded One97 Communications' shares to "buy" and set a price target of ₹900, showing a 22% potential increase. However, this target is still much lower than the IPO price of ₹2,150.