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<ul><li><keyword id="7268674" type="General" weightage="80" keywordseo="doms-industries" source="Orion">DOMS Industries</keyword> is expected to announce its share allotment status on Monday, December 18.</li><li>The shares of <keyword id="1312624" type="General" weightage="100" keywordseo="doms" source="Orion">DOMS</keyword> Industries were subscribed 93.39 times.</li><li>The shares are expected to be listed on the stock exchanges on December 20.</li></ul> Gujarat-based DOMS Industries, one of the country’s largest stationery manufacturers is expected to announce the allotment status of its initial public offering (IPO) on Monday, December 18. The DOMS Industries IPO opened on December13 and closed on December 15. The price band for the IPO was ₹750 to ₹790 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On the last day, the DOMS Industries IPO was subscribed 93.39 times, receiving bids for 82.52 crore equity shares against 88.37 lakh shares on offer. While the qualified institutional buyer portion was subscribed 115.97 times, the non-institutional investors portion was subscribed 66.47 times. The retail portion also witnessed good participation and was subscribed 69.05 times. The employee portion was subscribed 28.73 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of DOMS Industries are currently commanding a grey market premium (GMP) of ₹530 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="19831922" type="General" weightage="20" keywordseo="doms-industries-ipo-allotment" source="Orion">DOMS Industries IPO allotment</keyword> status, visit the registrar’s website<a href="https://linkintime.co.in/IPO/public-issues.html"> here</a>.</li><li>Click on ‘Select Company’ and then select ‘DOMS Industries’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the DOMS Industries <keyword id="35223" type="General" weightage="20" keywordseo="ipo-allotment" source="Orion">IPO allotment</keyword> status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘DOMS Industries’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="DOMS Industries IPO listing date" comment="subhead" text="DOMS Industries IPO listing date">DOMS Industries IPO listing date</cmsannotation> The shares of DOMS Industries will be listed on the stock exchanges on December 20. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/childs-play-high-recall-and-dominant-position-add-to-doms-appeal/articleshow/105923825.cms">Child’s Play: High recall and dominant position add to Doms’ appeal</a> <a href="https://www.businessinsider.in/stock-market/webstories/doms-industries-ipo-check-out-open-date-and-price-band/slidelist/105831826.cms">DOMS to raise ₹1,200 cr via IPO: Journey, investors and everything you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/iqoo-12-review-flagship-performance-and-cameras-at-an-affordable-price/articleshow/105937154.cms">iQOO 12 review – flagship performance and cameras at an affordable price</a>

DOMS IPO allotment – How to check allotment, GMP, listing date and more

IPOs galore – Eight companies look to raise ₹4,228 crore as Nifty hits all-time high

<ul><li><keyword id="3174903" type="General" weightage="20" keywordseo="muthoot-microfin" source="Orion">Muthoot Microfin</keyword> is expected to announce its share allotment status on Thursday, December 21.</li><li>The shares of Muthoot Microfin were subscribed 11.50 times.</li><li>The shares are expected to be listed on the stock exchanges on December 22.</li></ul>Kochi-based Muthoot Microfin, which offers micro-loans to female customers, especially in rural areas is expected to announce the allotment status of its initial public offering (IPO) on Thursday, December 21. The <keyword id="17872074" type="General" weightage="100" keywordseo="muthoot-microfin-ipo" source="Orion">Muthoot Microfin IPO</keyword> opened on December 18 and closed on December 20. The price band for the IPO was ₹277 to ₹291 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the Muthoot Microfin IPO was subscribed 11.50 times, receiving bids for 28.04 crore equity shares against 2.44 crore shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 17.47 times, the non-institutional investors portion was subscribed 13.20 times. The retail portion witnessed decent participation and was subscribed 7.57 times. The employee portion was subscribed 4.90 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Muthoot Microfin are currently commanding a grey market premium (GMP) of ₹60 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="19884326" type="General" weightage="20" keywordseo="muthoot-microfin-ipo-allotment" source="Orion">Muthoot Microfin IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Company Selection’ and then select ‘Muthoot Microfin’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on ‘Search’.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Muthoot Microfin IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Muthoot Microfin’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Muthoot Microfin listing date" comment="subhead" text="Muthoot Microfin listing date">Muthoot Microfin listing date</cmsannotation> The shares of Muthoot Microfin will be listed on the stock exchanges on December 22. SEE ALSO: <a href="https://www.businessinsider.in/sports/news/most-expensive-players-in-ipl-till-ipl-2024/slidelist/106147649.cms">Mitchell Starc to Yuvraj Singh, the most expensive players in IPL history</a> <a href="https://www.businessinsider.in/stock-market/news/doms-industries-lists-at-over-77-premium-exceeding-grey-market-expectations/articleshow/106142041.cms">Doms Industries lists at over 77% premium exceeding grey market expectations</a> <a href="https://www.businessinsider.in/tech/apps/news/list-of-features-introduced-by-whatsapp-in-2023/articleshow/106141000.cms">Multi-device support to chat lock – key features introduced by WhatsApp in 2023</a>

Muthoot Microfin IPO allotment – How to check allotment, GMP, listing date and more

<ul><li><keyword id="5871389" type="General" weightage="100" keywordseo="motisons-jewellers" source="Orion">Motisons Jewellers</keyword> is expected to announce its share allotment status on Thursday, December 21.</li><li>The shares of Motisons Jewellers were subscribed 159.21 times.</li><li>The shares are expected to be listed on the stock exchanges on December 22.</li></ul> Jaipur-based Motisons Jewellers, jewellery maker that sells gold, diamond, kundan jewellery, silver, platinum and other metals is expected to announce the allotment status of its initial public offering (IPO) on Thursday, December 21. The <keyword id="16939610" type="General" weightage="20" keywordseo="motisons-jewellers-ipo" source="Orion">Motisons Jewellers IPO</keyword> opened on December 18 and closed on December 20. The price band for the IPO was ₹52 to ₹55 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On the last day, the Motisons Jewellers IPO was subscribed 159.21 times, receiving bids for 332.29 crore equity shares against 2.09 crore shares on offer. While the qualified institutional buyer portion was subscribed 157.40 times, the non-institutional investors portion was subscribed 233.80 times. The retail portion also witnessed excellent participation and was subscribed 121.56 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Motisons Jewellers are currently commanding a grey market premium (GMP) of ₹100 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="19884006" type="General" weightage="20" keywordseo="motisons-jewellers-ipo-allotment" source="Orion">Motisons Jewellers IPO allotment</keyword> status, visit the registrar’s website<a href="https://linkintime.co.in/IPO/public-issues.html"> here</a>.</li><li>Click on ‘Select Company’ and then select ‘Motisons Jewellers’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Motisons Jewellers IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Motisons Jewellers’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Motisons Jewellers IPO listing date" comment="subhead" text="Motisons Jewellers IPO listing date">Motisons Jewellers IPO listing date</cmsannotation> The shares of Motisons Jewellers will be listed on the stock exchanges on December 22. SEE ALSO: <a href="https://www.businessinsider.in/sports/news/most-expensive-players-in-ipl-till-ipl-2024/slidelist/106147649.cms">Mitchell Starc to Yuvraj Singh, the most expensive players in IPL history</a> <a href="https://www.businessinsider.in/stock-market/news/doms-industries-lists-at-over-77-premium-exceeding-grey-market-expectations/articleshow/106142041.cms">Doms Industries lists at over 77% premium exceeding grey market expectations</a> <a href="https://www.businessinsider.in/tech/apps/news/list-of-features-introduced-by-whatsapp-in-2023/articleshow/106141000.cms">Multi-device support to chat lock – key features introduced by WhatsApp in 2023</a>

Motisons Jewellers IPO allotment – How to check allotment, GMP, listing date and more

<ul><li><keyword id="18287658" type="General" weightage="20" keywordseo="india-shelter-finance" source="Orion">India Shelter Finance</keyword> is expected to announce its share allotment status on Monday, December 18.</li><li>The shares of India Shelter Finance were subscribed 36.6 times.</li><li>The shares are expected to be listed on the stock exchanges on December 20.</li></ul>Gurugram-based India Shelter Finance, which is engaged in the business of housing finance, is expected to announce the allotment status of its initial public offering (IPO) on Monday, December 18. The <keyword id="18287656" type="General" weightage="20" keywordseo="india-shelter-finance-ipo" source="Orion">India Shelter Finance IPO</keyword> opened on December 13 and closed on December 15. The price band for the IPO was ₹469 to ₹493 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the India Shelter Finance IPO was subscribed 36.6 times, receiving bids for 65.59 crore equity shares against 1.79 crore shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 89.70 times, the non-institutional investors portion was subscribed 28.51 times. The retail portion witnessed average participation and was subscribed 9.95 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of India Shelter Finance are currently commanding a grey market premium (GMP) of ₹165 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="19855162" type="General" weightage="100" keywordseo="india-shelter-finance-ipo-allotment" source="Orion">India Shelter Finance IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Company Selection’ and then select ‘India Shelter Finance’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on ‘Search’.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the India Shelter Finance IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘India Shelter Finance’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="India Shelter Finance listing date" comment="subhead" text="India Shelter Finance listing date">India Shelter Finance listing date</cmsannotation> The shares of India Shelter Finance will be listed on the stock exchanges on December 20. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms">DOMS IPO allotment – How to check allotment, GMP, listing date and more</a> <a href="https://www.businessinsider.in/business/news/race-for-indias-richest-the-gap-between-gautam-adani-and-mukesh-ambani-is-narrowing/articleshow/105953650.cms">Race for India’s richest – The gap between Gautam Adani and Mukesh Ambani is narrowing</a> <a href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-hyundai-mahindra-and-other-car-companies-offering-big-discounts-in-december-2023-month/articleshow/105809628.cms">Maruti Suzuki to Hyundai – car makers offer huge year-end discounts to push sales</a>

India Shelter Finance IPO allotment – How to check allotment, GMP, listing date and more

<ul><li>Shareholder lock-ins of 66 companies are slated to expire between April and June.</li><li>The cumulative value of stocks that will see lock-ins expire is estimated at $17.7 billion.</li><li>Anchor investors, promoters and non-promoters have different lock-in periods as per regulations. </li></ul>The IPO boom of 2023 means the current year will see many newly listed stocks coming out of their mandated lock-in periods. As per a report by Nuvama, per-listed shareholder lock-ins of 66 companies are slated to expire between April and June of this year. “It amounts to a value of $17.7 billion. The value pertains to the total lock-up opening shares, but it’s important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoter &amp; group,” said <keyword id="20055355" type="General" weightage="20" keywordseo="nuvama-institutional-equities" source="keywords">Nuvama Institutional Equities</keyword>. Some of the best-performing and investor-rewarding new listings that will see lock-ins expire include – <keyword id="19930935" type="General" weightage="20" keywordseo="tata-technologies" source="keywords">Tata Technologies</keyword>, <keyword id="19960579" type="General" weightage="20" keywordseo="ireda" source="keywords">IREDA</keyword>, Doms, <keyword id="20021844" type="General" weightage="20" keywordseo="cello-world" source="keywords">Cello World</keyword> and more. How do lock-ins work? While public shareholders of a company can sell their stock anytime in the market, after they are listed, the rules are different for other classes of investors. As per regulations, anchor investors — who invest ahead of opening an issue to the public — must wait for 30 days or one month from the allotment date to sell half of their shares in the public market. The rest can be sold after 90 days or three months. Promoters and other shareholders have different lock-in expiry rules. Promoters can sell their shares to the tune of 20% of the post-issue paid-up in the open market after 18 months. For other non-promoters, the lock-in ends in six months. Bharat Highways Invit’s 19% stake lock-in In the month of April, eight companies’ one-month lock-ins will expire including — Platinum Industries, J G Chemicals, Popular Vehicles and Services, Exicom Telesystems, R K Swamy, <keyword id="20778208" type="General" weightage="20" keywordseo="gopal-snacks" source="keywords">Gopal Snacks</keyword> and Krystal Integrated Services. Each of these has anywhere between 2% to 6% of their shares open for sale. But Bharat Highways Invit will see 19% of its lock-in expiring bringing out as much as 82.6 million shares out into the market. In general, the volatility around a stock goes up when lock-in periods end. The other stocks that will see their three-month lock-ins open in April would be — <keyword id="20730654" type="General" weightage="20" keywordseo="mukka-proteins" source="keywords">Mukka Proteins</keyword>, Jyoti CNC Auto, Epack Durables, Medi Assist Healthcare and <keyword id="20214703" type="General" weightage="20" keywordseo="nova-agritech" source="keywords">Nova Agritech</keyword>. May to see the ‘chunkiest of lock-in openings’ Since a lot of IPOs were launched in the last three months of 2023, the summer of May will see the chunkiest of lock-ins opening. That includes 65% shares of mega IPOs like Tata Technologies; 55% of government-owned IREDA, 10% of DOMS and 49% of Honasa Consumer. The other companies Cello World, <keyword id="21150340" type="General" weightage="20" keywordseo="flair-writing" source="keywords">Flair Writing</keyword>, Inox India, Gandhar Oil, JSW Infra, Muthoot MicroFin, Motisons Jewelers, RBZ Jewelers and more, Some of the older stocks that will see lock-in expiries (beyond one year and more) include — <keyword id="20430709" type="General" weightage="20" keywordseo="bikaji-foods" source="keywords">Bikaji Foods</keyword>, Global Health, Abans Holding, <keyword id="20238928" type="General" weightage="20" keywordseo="keystone-realtors" source="keywords">Keystone Realtors</keyword>, Radiant Cash Management and more. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

Tata Tech, IREDA and 64 other stocks to see lock-ins expire in Q1 FY25

Megastar <keyword id="6357912" type="General" weightage="20" keywordseo="Amitabh-Bachchan" source="Orion">Amitabh Bachchan</keyword> on Monday announced his association with the Indian Street Premier League (<keyword id="2305536" type="General" weightage="80" keywordseo="ispl" source="Orion">ISPL</keyword>) as the owner of team <keyword id="6358070" type="General" weightage="80" keywordseo="mumbai" source="Orion">Mumbai</keyword>. The ISPL is India's first tennis ball T10 cricket tournament that will be played inside a stadium, according to a press release. The inaugural edition is scheduled to be held from March 2 to March 9 in Mumbai. The tournament will feature 19 high-intensity matches, boasting a line-up of six teams - Hyderabad, Mumbai, Bengaluru, Chennai, Kolkata, and Srinagar. <keyword id="6354348" type="General" weightage="100" keywordseo="bachchan" source="Orion">Bachchan</keyword> said being part of the league marks a new beginning for him. "A new day .. and a new enterprise .. For me an honour and a privilege to be with Mumbai as Team Owner, and to be privy to the surge of talent erupt , for a grand visionary future .." the 81-year-old actor wrote on his personal blog. He described the ISPL as an exciting and a noble concept. "An opportunity for them that exhibited their capacity on the streets, gullies and make shift home made pitches to play cricket , now to get selected for a team professionally and exhibit their talent in formal setups before the millions the world over !" he further said in his post. Recently, actors <keyword id="2823" type="General" weightage="50" keywordseo="akshay-kumar" source="Orion">Akshay Kumar</keyword> and Hrithik Roshan were announced as the team owners of Srinagar and Bengaluru, respectively. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank">DOMS IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank">India Shelter Finance IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank">Nifty, Sensex recover to trade flat after opening in the red</a>

Amitabh Bachchan becomes owner of Mumbai team in Indian Street Premier League

Global IT services firm <keyword id="6370971" type="General" weightage="20" keywordseo="accenture" source="Orion">Accenture</keyword> on Monday launched a generative <keyword id="11035466" type="General" weightage="100" keywordseo="ai-studio" source="Orion">AI Studio</keyword> in India to accelerate the adoption of data and artificial intelligence (AI). With the studio, part of Accenture’s $3 billion investment in data and AI, the company's team and clients will co-create solutions with a modern data and AI foundation, LLM architecture, ecosystems partnerships, talent and responsible AI frameworks. “Clients understand the massive opportunity that generative AI can bring to optimise and reinvent their business, opening up new avenues for growth. “However, to harness the full potential of their AI investments, they need to be value-led in every business capability they choose to reinvent with generative AI. Our Bengaluru studio will help our clients around the globe prioritise capabilities across the entire value chain,” said <keyword id="16898323" type="General" weightage="80" keywordseo="senthil-ramani" source="Orion">Senthil Ramani</keyword>, Global Lead–Data &amp; AI, Accenture. According to a recent Accenture survey, 74 per cent of the C-suite executives plan to increase their AI-related spending in 2024, up from 50 per cent in the previous year, as companies move from proof of concept to customising foundation models with proprietary data. “Our clients across 19 industries now have the opportunity to understand, experiment, adopt and scale generative AI solutions to reinvent functions and business models to achieve new levels of performance,” said <keyword id="10732499" type="General" weightage="80" keywordseo="mahesh-zurale" source="Orion">Mahesh Zurale</keyword>, Global Lead – Advanced Technology Centers Global Network, Accenture. The studio will tap into the strategic investments made in Accenture’s Center for Advanced AI for clients and will draw upon Accenture’s more than 1,450 pending and issued patents in AI, and learnings from over 300 active generative AI projects. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank">DOMS IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank">India Shelter Finance IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank">Nifty, Sensex recover to trade flat after opening in the red</a>

Accenture unveils generative AI studio in India to boost data, AI adoption

The <keyword id="6354424" type="General" weightage="100" keywordseo="world-bank" source="Orion">World Bank</keyword>'s latest Migration and Development Brief reveals a continuing growth in remittance flows to low- and middle-income countries (LMICs) in 2023, albeit at a slower pace compared to previous years. According to the World Bank, the report highlights <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>'s significant position as the top remittance recipient, drawing attention to the evolving dynamics in the remittance landscape. Remittances to LMICs grew by an estimated 3.8 per cent in 2023, reaching a total of USD669 billion. Resilient labour markets in advanced economies and Gulf Cooperation Council (GCC) countries played a pivotal role in supporting migrants' ability to send money home. The report suggests a potential risk of a decline in real income for migrants in 2024 due to global inflation and low growth prospects. In the South Asian region, remittance flows to India experienced notable growth, contributing to the overall positive trend. South Asia, as a whole, witnessed a 7.2 per cent increase in remittances in 2023. The Indian economy, buoyed by a tight labour market in the United States and robust employment growth in Europe, outperformed previous forecasts by reaching USD125 billion in remittances for the year. Despite the positive trajectory, the report underscores challenges and potential risks. The Middle East and North Africa saw a decline in remittance flows for the second consecutive year, mainly driven by a sharp drop in flows to Egypt. Remittance flows to Europe and Central Asia also decreased by 1.4 per cent after a significant gain in 2022. India retained its position as the largest recipient of remittances, with an estimated USD125 billion in 2023. This underscores the crucial role played by the Indian <keyword id="57609" type="General" weightage="80" keywordseo="diaspora" source="Orion">diaspora</keyword> in supporting families and contributing to the country's economic resilience. The top five remittance recipient countries include Mexico (USD 67 billion), China (USD 50 billion), the Philippines (USD 40 billion), and Egypt (USD 24 billion). The report raises awareness about the potential impact of global economic conditions on remittance flows. The expectation of weaker economic activity in several high-income countries and the prospect of weaker job markets may soften the growth of remittances to LMICs, projecting a 3.1 per cent increase in 2024. The need for caution is emphasized, considering volatile oil prices, currency exchange rates, and the possibility of a deeper-than-expected economic downturn in high-income countries. The World Bank's Remittances Prices Worldwide Database reveals that remittance costs remain persistently high, averaging 6.2 per cent to send USD 200 as of the second quarter of 2023. The report highlights that banks continue to be the costliest channel for sending remittances, with an average cost of 12.1 per cent. A special section of the report emphasizes the potential of leveraging remittances for development finance, particularly through diaspora bonds. Diaspora bonds can be structured to tap into diaspora savings held in foreign destinations, providing a stable source of funds. The report suggests that remittances have surpassed the sum of foreign direct investment and official development assistance in recent years, presenting opportunities for private capital mobilization. India's prominence in the global remittance landscape is a testament to the significant role played by the Indian diaspora in supporting the country's economy. While challenges and risks persist, the report emphasizes the need for inclusive labour markets and social protection policies to sustain remittance flows, which serve as vital lifelines for developing countries like India. 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