UPI boom not quite uniform across states

MUMBAI: India’s digital payments surge is less uniform than headline numbers suggest. Adjusted for population, Maharashtra, the largest state economy, records almost seven times the per-capita UPI transactions of Bihar. Telangana, ranked second, posts more than six times the average of Tripura. Karnataka, Tamil Nadu and Kerala sit well above the national mean, while Jharkhand,…

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Weight-loss therapy set to push pharma growth

NEW DELHI: Once relegated to the fringes of lifestyle care, obesity drugs have emerged as one of the world’s most powerful growth sectors, ranked by McKinsey alongside AI, EVs and robotics as trillion-dollar opportunities by 2040. In India, the surge in the weight-loss and metabolic therapy market is set to shape pharma’s growth narrative in…

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‘Santa Claus rally’: Asian markets edge higher amid thinned holiday trade; silver hits record high

Asian markets inched higher on Friday amid holiday-thinned trading, with several exchanges remaining closed for the Boxing Day holiday. Regional stocks extended gains after Wall Street ended the week at record highs, while most global markets were shut on Thursday for Christmas.Markets in Tokyo, Shanghai, Seoul and Taipei all posted gains. Japan’s Topix climbed to…

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Restaurants go the whole hog as patrons binge

MUMBAI: Never mind Delhi’s winter or Mumbai’s traffic, Indians are feasting this festive season and raising a toast to the last few days of the year. There has been a rush of advance bookings at several restaurants, with seats at some of the eateries totally sold out for Christmas and New Year’s eve. After a…

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India faces lower job risks from AI than West: IT secretary

NEW DELHI: India faces a lower risk of AI-driven disruption to cognitive jobs compared to Western economies, IT secretary S Krishnan has said, citing the country’s relatively lower proportion of white-collar roles in the overall workforce, and highlighted that the dominance of Stem-based employment can yield newer opportunities.Krishnan said AI’s real impact will come from…

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