Modi 3.0, Google, Japan's dating app, Coca-cola, Maruti, Volvo, Nvidia, Microsoft, etc.

Main Briefs

Modi 3.0: Coalition Government to Drive India's Growth Amid Global Challenges

• The new government is in a coalition with the Telugu Desam Party and Janata Dal (United).

• Economic reforms will continue to aim for a developed India by 2047.

• Key focus areas: infrastructure, labour, and manufacturing reforms.

• Increased populist spending expected due to coalition politics.

• Private sector participation in infrastructure spending will grow.

• Defence modernization and indigenization will continue.

• The full budget in July will reflect the economic agenda and policy priorities.

• Challenges include a sluggish global economy and geopolitical crises.

• RBI revised GDP growth projection to 7.2% for the current fiscal year.

• NSO estimates India's real GDP growth at 8.2% for 2023-24.

Indian Briefs, You Can’t Miss:

1. Modi Govt 3.0: First Cabinet Meeting Set for Monday.

2. Rs 100 Crore Valuation Boost Propels Hocco to Rs 600 Crore.

3. PV Exports Surge by 2.68 Lakh Units in 4 Years, Maruti Leads with 70%.

4. Big Investment: Coca-Cola to Build Rs 700 Crore Plant in Telangana.

5. Unacademy CTO Hemesh Singh Resigns, Moves to Advisory Role.

6. Fino Aims for Payment Bank Leadership with Digital Banking Investments.

7. RBI Curbs Prompt Kotak Bank to Expand Branch Network by 20%.

8. Rosneft CEO: India's Energy Consumption to Surge 90% by 2050.

World Briefs

• Google Scores Legal Win: No Jury Trial in US Ads Case.

• Japan's Birth Rate Crisis: Tokyo Launches Dating App to Boost Marriages.

• HCLTech Expands with $225 Million Purchase of HP's Communication Assets.

• Messenger Gets a Makeover: Meta Introduces 'Communities.

• Microsoft Launches Digital Xbox Consoles, Showcases New Doom Title.

• Nvidia Reaches $3 Trillion, Boosting Jensen Huang's Wealth Beyond Michael Dell.

• Volvo Moves EV Production to Belgium to Sidestep China Tariffs.

AI Briefs

• DuckDuckGo AI Chat Boosted with GPT-3.5 Turbo and Exciting New Features.

• Apple's iOS 18 and macOS 15 to Feature Game-Changing AI Upgrades.

• WhatsApp Business Launches AI-Powered Chatbot and Meta Badge in India.

• AI Smart Replies Feature Set to Boost Apple Mail's Functionality.

• Wix Launches Innovative AI Mobile App Builder Featuring Chatbot and Text Prompts.

• Gmail to Roll Out Powerful Gemini AI Features for Android.

Company Of The Day

Company Name: Fino Payments Bank

Founder: Manish Khera

Year Of Foundation: Jan, 2017

Headquarter: Mumbai, Maharashtra, India

Industry: Fino Payments Bank is a business and banking technology company located in Navi Mumbai.

Why Is It in the News?

Fino Payments Bank aims to seize the digital banking opportunity created by Paytm Payments Bank's exit. They plan to increase their digital revenue share from 5-6% in FY24 to 15% this year and triple their digital banking revenue by FY25.