by CNBC-TV18 and YES BANK Look to Transform the Fantasy of a $10 Trillion Economy into the Real World
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India’s recent growth figures have surpassed even the most optimistic forecasts, solidifying the nation’s position as the world’s fastest-growing major economy. High hopes have been raised, as seen by PM Modi’s announcement that he wants to build an economy worth $10 trillion.
Such lofty objectives demand a coherent growth strategy, which includes a national evaluation of prospects for growth, new problems that are arising, and new developmental pathways. Present by CNBC-TV18 and YES BANK in partnership with Max Life Insurance, The Growth Summit – A Vision for a $10 trillion Economy is an opportunity to create a new growth consensus by bringing together business leaders, policymakers, experts, and visionaries in five cities to discuss how sectoral strengths and current regional business trends can accelerate India’s forward momentum in the quest for economic growth the equivalent of a $10 trillion economy.
India’s most recent development numbers have surpassed the most hopeful expectations, establishing the country’s status as the quickest-developing significant economy on the planet. It has produced elevated requirements, exemplified by PM Modi’s decree of an objective to make a $10 trillion economy.
Such aggressive objectives require a firm vision for development, including a cross-country evaluation of learning experiences, arising difficulties, and new formative pathways. The Development Culmination – A Dream for a $10 trillion economy, introduced by CNBC-TV18 and YES BANK, in relationship with Max Disaster Protection, is a stage to manufacture another development agreement, by uniting business pioneers, policymakers, specialists, and visionaries across five urban communities to investigate how sectoral qualities and winning provincial business patterns can speed up India’s positive progress, in the mission of a $10 trillion dollar economy.
The Growth Summit – A Vision for a $10 trillion economy, presented by CNBC-TV18 and YES BANK, in association with Max Life Insurance, is a significant platform for fostering a cohesive vision for India’s economic growth. With India surpassing even the most optimistic growth predictions, there’s a palpable sense of momentum and potential in the country’s economic landscape. Prime Minister Modi’s ambitious target of achieving a $10 trillion economy underscores the need for concerted efforts and strategic planning to capitalize on existing strengths and navigate emerging challenges.
By convening business leaders, policymakers, experts, and visionaries across five cities, the Growth Summit aims to facilitate meaningful discussions and collaborations. This platform provides an opportunity to conduct a comprehensive nationwide assessment of growth opportunities, identify emerging challenges, and chart new developmental pathways. Through collaborative efforts and collective insights, the Summit endeavors to forge a new growth consensus that aligns with India’s aspirations for economic prosperity.
With a focus on sectoral strengths and regional business trends, the Summit seeks to identify synergies and leverage them to accelerate India’s growth trajectory. By fostering dialogue and sharing best practices, participants can explore innovative strategies and actionable solutions to propel India towards its ambitious economic goals.
Overall, the Growth Summit serves as a crucial forum for shaping a shared vision for India’s economic future, emphasizing collaboration, innovation, and inclusivity. Through constructive engagement and collective action, it aims to harness India’s vast potential and steer the nation towards sustained and inclusive growth on the path to a $10 trillion economy.
Each Growth Summit will include the distinctive aspects of the business environment of the host city into a broader vision of national development, with the goal of balancing the country’s growth priorities with sectoral and regional business potential. Considering the significance of an initiative to bring together wealth creators and decision-makers to visualize India’s much-needed economic progress “The Growth Summit is a much-needed discourse to harness the true potential of India’s growth prospects and propel India faster and efficiently towards the US$10 trillion goal,” stated Prashant Kumar, Managing Director and CEO of YES BANK.
Our passionate goal is to collaborate with leaders from the financial and industry sectors and positively impact the growth dynamics of the Indian economy financial system. In order to realize India’s full economic potential and pave the way for the country to reach its ambitious economic milestone—a wealthy future for future generations—we are eager to collaborate with other leaders, legislators, and experts.
The series of Development Culminations will look to accommodate sectoral and provincial business possibilities with the country’s development needs, with every version winding in the exceptional highlights of the host city’s business scene into an all-encompassing vision of public turn of events. Talking about the significance of a mission to meet abundance makers and chiefs to imagine India’s forward monetary genuinely necessary Prashant Kumar, Overseeing Chief, and President, YES BANK, said “The Development Highest point is a genuinely necessary talk to outfit the genuine capability of India’s development prospects and drive India quicker and effectively towards the US$10 trillion objective.
By uniting pioneers from the business and the monetary area, it would be our enthusiastic undertaking to hold hands and contribute emphatically to the development elements of the Indian economy. We are eager to draw in with individual pioneers, policymakers, and specialists to release India’s actual monetary potential and outline a way towards India’s aggressive financial achievement, molding a prosperous future for a long time into the future”.
The series of Growth Summits aims to align sectoral and regional business opportunities with India’s growth priorities. Each edition will incorporate the distinct characteristics of the host city’s business landscape into a unified vision for national development. Prashant Kumar, Managing Director and CEO of YES BANK, emphasized the significance of convening wealth creators and decision-makers to envision India’s economic future.
Kumar stated, “The Growth Summit is a crucial platform to unlock India’s growth potential and propel the country towards the $10 trillion goal. By bringing together industry leaders and financial sector representatives, we aim to collaborate effectively and contribute to India’s economic growth. We are enthusiastic about engaging with fellow leaders, policymakers, and experts to unleash India’s economic potential and pave the way for a prosperous future.”
The first Growth Summit, with the topic “Turning Aspirations Into Assets: How India’s Wealth Can Spark a New Cycle of Growth,” is set for February 8, 2024, in Mumbai. It will address how investment trends might be enhanced to direct capital resources toward accomplishing important developmental outcomes, drawing on the city’s prominence in the nation’s financial system. After Mr. Prashant Kumar, Managing Director & CEO of YES BANK, gives the introductory remarks, there will be a fireside chat with a prominent institutional leader. A pair of esteemed panel discussions will provide audiences with valuable perspectives on how India may rejuvenate private investment and its function in cultivating a growth mindset.
The debut Development Highest point is planned to be held in Mumbai on February 8, 2024 with the subject ‘Transforming Desires Into Resources: How India’s abundance can start another pattern of development’. It will attract on the city’s supremacy the country’s monetary framework to talk about how venture patterns can be increased to channel capital assets towards accomplishing key formative results. A fireside visit with a top institutional pioneer will follow an initial location by Mr. Prashant Kumar, Overseeing Chief and President, YES BANK. Two high-profile board conversations will give crowds experiences into how India can resuscitate private venture and its part in cultivating a development mentality, separately.
The inaugural Growth Summit is set to take place in Mumbai on February 8, 2024, under the theme ‘Turning Aspirations Into Assets: How India’s wealth can spark a new cycle of growth’. Leveraging Mumbai’s prominence in the country’s financial system, the summit aims to explore ways to enhance investment trends to channel capital resources towards key developmental outcomes.
The event will commence with an opening address by Mr. Prashant Kumar, Managing Director & CEO of YES BANK, followed by a fireside chat with a top institutional leader. Additionally, two high-profile panel discussions will offer insights into reviving private investment in India and the role it plays in fostering a growth mindset.
Prashant Tripathy, Managing Director and CEO of Max Life Insurance, discussed the company’s involvement in the campaign and the importance of financial security as India prepares for exponential growth. He said, “As India charts its journey to unlock phenomenal growth in the coming years, strong financial protection stands as a cornerstone that will further propel this upward trajectory.” We are assisting in the construction of a sustainable economy in India by safeguarding the financial future of millions of people. Our dedication guarantees both current stability and a prosperous, long-lasting future.
Examining Max Life coverage’s contribution in the mission and the requirement for monetary security, as India eyes outstanding development, Prashant Tripathy, Overseeing Chief and President, Max Life coverage said, “As India diagrams its excursion to open extraordinary development before very long, solid monetary security remains as a foundation that will additionally push this vertical direction. By getting the monetary fate of millions in India, we’re contributing towards building a versatile economy on the groundworks of monetary security. Our responsibility guarantees steadiness for the present as well as a future flourishing with persevering through thriving.”
Speaking about Max Life Insurance’s participation in the campaign and the imperative of financial security as India pursues exponential growth, Prashant Tripathy, Managing Director and CEO of Max Life Insurance, emphasized its pivotal role. Tripathy stated, “As India embarks on its journey towards unlocking remarkable growth in the coming years, robust financial protection emerges as a fundamental pillar that will further accelerate this upward trajectory. By safeguarding the financial futures of millions in India, we contribute to constructing a resilient economy grounded in financial security. Our dedication ensures stability for the present and lays the groundwork for a future brimming with sustained prosperity.”
Following the Growth Summit in Mumbai, there will be growth-related events in Ahmedabad, Bangalore, Delhi, Hyderabad, and other cities. These events will showcase the growth areas of each city and define their role in the broader growth narrative of India. Every Growth Summit event will highlight regional business trends, but because of CNBC-TV18’s acclaimed nationwide coverage, it will also be shown nationally, making it the ideal platform for sharing strategic growth insights. Shereen Bhan, Managing Editor of CNBC-TV18, stated, “It’s a great opportunity for us to foster conversations on India’s development and create an integrated approach to growth that cuts across sectors and regions.”
The Development Culmination in Mumbai will be trailed by occasions in Ahmedabad, Bangalore, Delhi, and Hyderabad, featuring every city’s prevailing development regions and characterizing their importance in India’s bigger development account. While every version of the Development Culmination will be a feature of nearby business patterns, they will be communicated to a public crowd, kindness CNBC-TV18’s tremendously vaunted public inclusion, giving the ideal medium to scatter vital development experiences. “It’s an incredible chance for us to cultivate discussions on India’s turn of events and make a coordinated way to deal with development that cuts across areas and districts”, said Shereen Bhan, Overseeing Manager, CNBC-TV18.
Following the Growth Summit in Mumbai, similar events will be held in Ahmedabad, Bangalore, Delhi, and Hyderabad, spotlighting the predominant growth sectors in each city and their significance in India’s broader growth narrative. While each edition of the Growth Summit will spotlight local business trends, they will be broadcast nationally through CNBC-TV18’s extensive coverage, offering an ideal platform to disseminate strategic growth insights.
Shereen Bhan, Managing Editor of CNBC-TV18, expressed, “It’s an excellent opportunity for us to facilitate discussions on India’s development and cultivate an integrated approach to growth that transcends sectors and regions.”
Viewers will get a peek of India’s enormous growth potential as well as the people, systems, and goods that will contribute to realizing it in the upcoming years. It will outline the numerous advantages and chances that the upcoming growth spurt will offer to every Indian citizen and provide fresh momentum to the aspiration of a developed India.
For crowds, it will be a brief look at India’s huge development potential, alongside individuals, cycles, and items that will assist with acknowledging it before long. It will depict the numerous valuable open doors and advantages the looming development spray will bring to every resident and give another impulse to the fantasy of a created India.
For audiences, these events will provide a glimpse into India’s vast growth potential, showcasing the people, processes, and products that will contribute to its realization in the years ahead. They will highlight the numerous opportunities and benefits that the forthcoming growth surge will bring to every citizen, reigniting the dream of a developed India with renewed vigor.
Together, YES BANK and CNBC-TV18 want to see India’s GDP grow to $10 trillion.
CNBC-TV18 and YES BANK unite to drive India towards a $10 trillion economy
India’s amazing economic growth has exceeded even the most optimistic projections, placing it as the fastest-growing major economy in the world. With his audacious goal of building an economy worth $10 trillion, Prime Minister Narendra Modi has raised hopes for the future of the nation.
India’s surprising monetary development has situated it as the world’s quickest-developing significant economy, outperforming even the most hopeful forecasts. State head Narendra Modi has set an aggressive objective of making a $10 trillion economy, touching off elevated requirements for the nation’s future.
India’s remarkable economic growth has propelled it to become the world’s fastest-growing major economy, surpassing even the most optimistic predictions. Prime Minister Narendra Modi has set an ambitious target of creating a $10 trillion economy, sparking high expectations for the country’s future.
CNBC-TV18, YES BANK, and Max Life Insurance are working together to host the Growth Summit: A Vision for a $10 trillion Economy in order to accomplish this aim. This platform intends to bring together visionaries, academics, policymakers, and business leaders from five cities to discuss new concerns, address growth opportunities, and create innovative developmental routes.
To accomplish this objective, CNBC-TV18 and YES BANK, in relationship with Max Disaster protection, are teaming up to sort out the Development Highest point – A Dream for a $10 trillion economy. This stage expects to unite business pioneers, policymakers, specialists, and visionaries across five urban communities to investigate valuable learning experiences, address arising difficulties, and devise new formative pathways.
To achieve this goal, CNBC-TV18 and YES BANK, in partnership with Max Life Insurance, are joining forces to organize the Growth Summit – A Vision for a $10 trillion economy. This platform seeks to unite business leaders, policymakers, experts, and visionaries across five cities to examine growth opportunities, tackle emerging challenges, and craft new developmental strategies.
The goal of the Growth Summit series is to balance India’s growth aspirations with sectoral and regional business potential. Every summit iteration will incorporate the distinctive features of the business environment of the host city into a cohesive vision for the advancement of the country.
The Development Culmination series will zero in on accommodating sectoral and territorial business possibilities with India’s development needs. Every release of the culmination will coordinate the exceptional qualities of the host city’s business scene into a brought together vision of public turn of events.
The Growth Summit series will concentrate on aligning sectoral and regional business prospects with India’s growth priorities. Each edition of the summit will incorporate the distinctive features of the host city’s business environment into a cohesive vision of national development.
The first Growth Summit is slated to happen on February 8, 2024, in Mumbai. “Turning Aspirations Into Assets: How India’s Wealth Can Spark a New Cycle of Growth” is the summit’s theme. The discussion of how investment trends might be enhanced to direct capital resources toward accomplishing important developmental outcomes will make use of Mumbai’s significance in the financial sector.
The debut Development Highest point is planned to occur in Mumbai on February 8, 2024. The subject of this highest point is ‘Transforming Yearnings Into Resources: How India’s abundance can ignite another pattern of development’. Mumbai’s conspicuousness in the monetary framework will be utilized to examine how venture patterns can be fortified to channel capital assets towards accomplishing key formative results.
The inaugural Growth Summit is set to occur in Mumbai on February 8, 2024. The theme for this summit is ‘Turning Aspirations Into Assets: How India’s wealth can ignite a new cycle of growth’. Leveraging Mumbai’s significance in the financial system, discussions will revolve around enhancing investment trends to direct capital resources towards accomplishing crucial developmental objectives.
The CEO and Managing Director of YES Bank, Mr. Prashant Kumar, will give the opening speech at the summit. This will be followed by a fireside talk with a well-known institutional leader. There will be two prominent panel talks that will shed light on how India should encourage private investment and develop a growth mindset.
The culmination will initiate with an initial location by Mr. Prashant Kumar, the Overseeing Chief and President of YES BANK, trailed by a fireside visit with an unmistakable institutional pioneer. Two high-profile board conversations will give bits of knowledge into how India can revive private speculation and its part in cultivating a development outlook.
The summit will kick off with an opening address by Mr. Prashant Kumar, Managing Director and CEO of YES BANK, followed by a fireside chat featuring a prominent institutional leader. Two distinguished panel discussions will offer insights into revitalizing private investment in India and its significance in nurturing a growth mindset.
The participation of Max Life Insurance, which acknowledges the necessity of financial stability as India chases exponential growth, is a significant feature of the summit. As per Prashant Tripathy, the CEO and Managing Director of Max Life Insurance, safeguarding the financial prospects of millions of Indians plays a crucial role in constructing a sustainable economy based on sound financial principles.
A significant part of the highest point is the contribution of Max Life coverage, which perceives the requirement for monetary security as India seeks after outstanding development. As per Prashant Tripathy, the Overseeing Chief and President of Max Disaster protection, getting the monetary eventual fate of millions in India adds to building a versatile economy on the underpinnings of monetary security.
A significant aspect of the summit is the participation of Max Life Insurance, acknowledging the necessity for financial security as India aims for exponential growth. According to Prashant Tripathy, Managing Director and CEO of Max Life Insurance, ensuring the financial stability of millions in India contributes to constructing a robust economy based on financial security.
Events in Ahmedabad, Bangalore, Delhi, Hyderabad, and Mumbai will follow the Growth Summit in Mumbai, each highlighting the key growth sectors and their importance in India’s broader growth story. Strategic growth insights will reach a wider audience across industries and regions thanks to CNBC-TV18’s extended coverage of the summits, which will be televised to a nationwide audience.
Mumbai’s Development Highest point will be trailed by occasions in Ahmedabad, Bangalore, Delhi, and Hyderabad, each exhibiting the predominant development regions and their importance in India’s general development account. The highest points will be communicated to a public crowd through CNBC-TV18’s broad inclusion, guaranteeing key development bits of knowledge contact a more extensive crowd across areas and districts.
Following the Growth Summit in Mumbai, similar events will be held in Ahmedabad, Bangalore, Delhi, and Hyderabad, highlighting the predominant growth sectors and their importance in India’s overall growth story. These summits will be broadcast nationally through CNBC-TV18’s comprehensive coverage, ensuring that strategic growth insights reach a broader audience spanning various sectors and regions.
With a focus on the individuals, procedures, and goods that will help make India’s enormous growth potential a reality in the years to come, the Growth Summit series will offer a peek of that potential. The upcoming growth spurt will provide many advantages and possibilities to all Indian citizens, reviving the country’s aspiration of becoming a developed nation.
The Development Highest point series will give a brief look at India’s enormous development potential, revealing insight into individuals, cycles, and items that will add to its acknowledgment before long. The looming development spray will set out various open doors and advantages for each resident, renewing the fantasy of a created India.
The Growth Summit series will offer a glimpse of India’s vast growth potential, showcasing the individuals, methodologies, and products that will play a role in its attainment in the years ahead. The forthcoming surge in growth will bring forth a multitude of opportunities and advantages for each citizen, reigniting the aspiration for a developed India.
YES Bank shares are in focus following clarification; lender claims the agreement with LeRemitt, a startup, is still in its early stages.
YES BANK and CNBC-TV18
Indeed Bank partakes in center after explanation; moneylender expresses game plan with startup LeRemitt at beginning stage
The bank stated in a filing to the BSE that the announcement of its partnership with fintech start-up LeRemitt is part of its regular business operations to provide digital solutions to its MSME clientele.
In a documenting to BSE, the bank said the news in regards to the bank’s restrict with LeRemitt, a fintech fire up, is in the ordinary course of business of the bank to empower Computerized solutioning for the MSME clients of the bank.
In a filing to the BSE (Bombay Stock Exchange), the bank stated that news of its collaboration with LeRemitt, a fintech startup, is part of the bank’s regular business activities aimed at facilitating digital solutions for its MSME (Micro, Small, and Medium Enterprises) customers.
The emphasis will be on YES Bank Ltd. shares on Thursday morning after the private lender stated that the arrangement it has with a startup, which has been revealed in the media, is still in its early stages and will not materially affect the bank’s business volumes or revenues.
Indeed Bank Ltd offers will be in center around Thursday morning after the confidential moneylender said its game plan with a startup, as revealed by media, is right now at an early stage and really affects the business volumes or incomes of the bank.
YES Bank Ltd shares will attract attention on Thursday morning following the private lender’s statement that its arrangement with a startup, as reported by the media, is still in its early stages and has no significant impact on the bank’s business volumes or revenues.
The bank stated in a filing to the BSE that the announcement of its partnership with fintech start-up LeRemitt is part of its regular business operations to provide digital solutions to its MSME clientele.
In a recording to BSE, the bank said the news in regards to the bank’s restrict with LeRemitt, a fintech fire up, is in the typical course of business of the bank to empower Computerized solutioning for the MSME clients of the bank.
In a filing to the Bombay Stock Exchange (BSE), the bank stated that the news about its partnership with LeRemitt, a fintech startup, is part of the bank’s routine business operations aimed at providing digital solutions for its MSME (Micro, Small, and Medium Enterprises) customers.
“This arrangement is currently at a nascent stage and has absolutely no material impact on the business volumes or revenues of the bank,” stated the statement.
“This plan is presently at a beginning stage and really affects the business volumes or incomes of the bank,” it said.
“This arrangement is currently in its early stages and has no significant impact on the business volumes or revenues of the bank,” it said.
Recall that BSE had asked YES Bank for clarification regarding the news that was posted on a media outlet. On the BSE, YES Bank shares closed at Rs 29.83 on Wednesday, up 17.35%.
To review, BSE had looked for an explanation from YES Bank on the news showing up on a media entryway. Indeed Bank shares had settle at Rs 29.83 on Wednesday, up 17.35 percent on BSE.
To recall, the Bombay Stock Exchange (BSE) had requested clarification from YES Bank regarding the news published on a media portal. YES Bank shares had settled at Rs 29.83 on Wednesday, marking a 17.35 percent increase on the BSE.
According to Prabhudas Lilladher, the stock saw a respectable rebound from the Rs. 16 level, and the daily chart showed a sequence of higher-lows pattern formation. After peaking in the Rs 26.25 zone, the YES Bank stock experienced a brief drop before cooling off from the overheated zone.
Prabhudas Lilladher said the stock has seen a good convention from Rs 16 level with series of more promising low points design development on the everyday graph. The YES Bank stock crested out close to Rs 26.25 zone and from that point, with a short rectification seen, chilled from the overheated zone.
Prabhudas Lilladher mentioned that the stock has experienced a significant rally from the Rs 16 level, displaying a series of higher-lows pattern formation on the daily chart. The YES Bank stock reached its peak near the Rs 26.25 zone and subsequently underwent a brief correction, cooling off from the overheated zone.
The stock has currently found support close to the important 50EMA level of the Rs. 22.60 zone. It then witnessed a breakout above the previous top of the Rs. 26.25 zone, accompanied by a series of bullish candle formations that enhanced the bias once more and a higher low pattern that improved the bias once more. The stock is anticipated to grow to the original target price of Rs 32. It can reach the next target of Rs 35 and Rs 44 levels, respectively, if its strength holds,” Prabhudas Lilladher stated.
“Yet again as of now, the stock has taken help close to the huge 50EMA degree of Rs 22.60 zone and saw a breakout over the past pinnacle of Rs 26.25 zone with a progression of bullish light development to work on the inclination and with a higher low example shaped by and by has worked on the predisposition. We anticipate that the stock should ascend till the underlying objective of Rs 32. With strength maintaining, it can accomplish the following objective of Rs 35 and Rs 44 levels, individually,” Prabhudas Lilladher said.
“Currently, the stock has found support near the significant 50EMA level around the Rs 22.60 zone. It has also broken out above the previous peak of Rs 26.25 zone, accompanied by a series of bullish candle formations, which has further improved the bias. Additionally, the formation of a higher low pattern has reinforced this bias. We anticipate the stock to ascend towards the initial target of Rs 32. If the strength persists, it could reach the subsequent targets of Rs 35 and Rs 44 levels, respectively,” stated Prabhudas Lilladher.
The brokerage stated that the short-term support would be kept close to the Rs. 22.60 zone.
The close term backing would be kept up with close to the Rs 22.60 zone, the business said,
The brokerage stated that the near-term support would be maintained around the Rs 22.60 zone.
The Reserve Bank of India (RBI) recently sent YES Bank a notification indicating that the RBI has approved HDFC Bank Limited’s purchase of up to 9.50 percent of the bank’s paid-up share capital or voting rights.
Indeed Bank as of late gotten an insinuation from the Save Bank of India (RBI) proposing the summit bank has concurred its sign of approval for HDFC Bank Restricted for purchasing a total of up to 9.50 percent of the settled up share capital or casting a ballot rights of the bank.
YES Bank recently received communication from the Reserve Bank of India (RBI) indicating that the central bank has granted approval to HDFC Bank Limited to acquire up to 9.50 percent of the paid-up share capital or voting rights of the bank.
The RBI stated that the approval would be revoked if the HDFC Bank did not obtain a significant ownership stake within a year of the date of the aforementioned RBI letter.
The RBI said in the event that the HDFC Bank neglects to get significant shareholding inside a time of one year from the date of previously mentioned RBI letter, the endorsement would stand dropped.
The RBI stated that if HDFC Bank fails to acquire a significant shareholding within one year from the date of the aforementioned RBI letter, the approval would be revoked.
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Happy Reading!
Insightful piece
Outstanding feature