The field of artificial intelligence is seeing explosive growth, and it would seem that no single business or market segment has been immune to the influence and pervasiveness of this field. The realms of finance and banking are among those investiga... ting significant new applications for the power offered by this paradigm shifting technology. The use of AI has facilitated the streamlining of operational procedures, eliminating mundane tasks, enhancing customer satisfaction, and the growth of businesses’ bottom lines. By 2023, financial institutions and banks are expected to save $447 billion thanks to the use of AI, according to a report by Business Insider. Eighty percent of financial institutions are aware of the potential advantages that AI might provide, but the significance of AI has significantly grown as a result of the widespread influence that COVID-19 has had. The repercussions of this have been felt throughout the financial sector, and as a direct result, an increased number of customers have been motivated to embrace the digital experience. According to Mani Naga Sundaram, senior vice president and vice president of solutions of international economy services at HCL Technologies, who was recently quoted in an article published by AI News, banks and other financial institutions are required to respond to customers at even faster rates and at all hours of the day and night. Mani Naga Sundaram’s comments were made in response to the fact that banks and other financial institutions must respond to customers all day and night. Freeing up workers, bolstering safety precautions, and ensuring that a business is moving in the right direction in terms of technical progress and creative thinking are all possible with the help of artificial intelligence.Read More...Read Less...

All players involved in a business must need to measure business firm’s efficiency. In this study data envelopment analysis (DEA) has been conducted for efficiency assessment. The DEA approach can manage several inputs and outputs. The current stud... y presented the DEA model for assessing performance. This study selected panel data of 8 steel companies from India belongs to public and private sector to express the advantage of DEA model in measuring competence with quantitative supervision for strategy formulation and for analysing the performance of such selected steel companies.Read More...Read Less...

As the companies must balance the interest of different shareholders the dividend policy they select may have different impact on stock prices or sometimes it may not be impacted on stock price. Objectives of the study to examine whether EPS and DPS ... has any impact on stock prices of two important industries like steel and aluminum. Ten listed sample company from each industry are chosen on the basis of market capitalization. The analysis has been done on the basis of correlation and regression statistic. Finally it was found that steel companies MPS will not change by EPS and DPS, on the other side aluminum companies MPS will change by EPS and DPS.Read More...Read Less...

This paper empirically investigates the relationship between the foreign exchange (Forex) reserves of India and the Russia-Ukraine crisis. To pursue this study, we have considered weekly data of Forex reserves of India and have constructed a dummy on... the Russia-Ukraine crisis from January 1, 2021, to October 14, 2022, with 92 observations where January 1, 2021, to February 18, 2022, represents the time period before the crisis denoted by ‘0’ and February 25, 2022, to October 14, 2022, is considered as the time period during the crisis denoted by ‘1’. The descriptive statistics indicate the normality of the data. The Phillips-Perron (PP) unit root test further indicates the non existence of unit root within the select variables. Further, the dummy regression model indicates that there persists in a negative relationship between Forex reserves and the Russia-Ukraine crisis. Moreover, there remains a noteworthy short-run and long-run causality between Forex reserves and the Russia-Ukraine crisis. As a result, it is argued that as India is one of Russia’s and Ukraine’s main trading partners, any unrest there will undoubtedly have an influence on bilateral commerce, which will then have an impact on India’s foreign income receipts. This would cause difficulties for India’s foreign currency (Forex) reserves, as shown in this analysis. In order to lessen the effects of the crisis and put a check on the balance of payments, it is advised that India look for alternative nations trading in comparable goods and services and that sufficient steps be taken to produce those goods and services locally that are imported from Russia and Ukraine.Read More...Read Less...

Corporate social responsibility (CSR) refers to a company’s duty to engage in business in a way that supports social welfare initiatives in addition to its primary goal of generating profits. There is a perception that financial success and social ... responsibility are at odds with one another. Interesting though it may seem, they work best together. The current study examines CSR in Indian NBFCs. In this study, the impact of CSR on Indian NBFCs’ financial performance as well as the relationship between corporate social responsibility and financial performance are explored. The current study discovered that only CSR expenditure and CSR activities have a correlation with Profit After Tax and Return on Assets, whereas Return on Equity and Return On Capital Employed only have a relationship with CSR expenditure. Also, the analysis discovered that CSR Expense in terms of PAT, ROA, ROE, and ROCE is the only CSR variable that has had an impact on financial performance.Read More...Read Less...