Banking stocks: Bankex jumps 1465 points

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Covid-19 effect: Significant increase in demand for second hand cars in the country

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Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
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Need for capacity development in AI sector

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- India is the second largest producer of digital data in the world. Only China is ahead of it India needs to develop sovereign capabilities in the field of artificial intelligence (AI), including generative AI, said IBM Chairman Arvind Krishna. Indian policy makers should take their advice seriously. The use of AI, especially machine learning and deep learning, has grown rapidly in recent years. These applications range from e-commerce recommendations to self-driving cars. Generative AI models can come up with options and answers from creating new content, answering questions in natural language, finding trends in large amounts of data, and discovering drugs to producing videos and audios, they can revolutionize. It may have had a more profound impact on the world economy and society than any other technology in the recent past. Many Indian companies are entering the field of generative AI with great enthusiasm. They include information technology giants Tata Consultancy Services a...
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Due to the ban, employment and economic activity declined by two to three percent

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New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
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