Thursday, May 26News That Matters
Shadow

Tag: growth

After reaching pre-Covid levels, we will now focus on surpassing industry growth: SBI Cards Boss

After reaching pre-Covid levels, we will now focus on surpassing industry growth: SBI Cards Boss

Finance
Rama Mohan Rao Amara, MD & CEO, SBI Cards, discusses the growth of digital transactions over the year due to pandemic and the target strategies for credit-card penetration in India. Edited excerpts from an interview given to ET Now:ET Now: Given the kind of recovery we are seeing, can we say spends are inching towards pre-Covid levels? Rama Mohan Rao Amara: I think in Q1, due to lockdown and a very limited economic activity, we noticed that savings were more than the consumption but Q2 reversed the pattern and witnessed rise in consumption demand. The Q3 numbers suggest that we have come out of the economic downturn strongly. India Inc has returned to Pre-Covid levels in November 2020, while we at SBI Cards were able to achieve the same in October itself. If you look at the contributi...

The U.S. solar industry posted record growth in 2020 despite Covid-19, new report finds

Finance
Peter Cade | Stone | Getty ImagesU.S. solar installations reached a record high during 2020 as favorable economics, supportive policies and strong demand in the second half of the year offset the impacts from the coronavirus pandemic.Installations grew 43% year over year during 2020, reaching a record 19.2 gigawatts of new capacity, according to a report released Tuesday from the Solar Energy Industries Association and Wood Mackenize.During the fourth quarter alone, the U.S. added slightly more than 8 gigawatts of capacity — a new quarterly record. To put the number in context, during all of 2015, 7.5 gigawatts were added. One gigawatt is enough to power roughly 190,000 homes. The U.S. currently has 97.2 GW of total solar capacity installed, enough to power roughly 17.7 million homes.Calif...
Demand for legal pot driving growth of industry’s swelling carbon footprint

Demand for legal pot driving growth of industry’s swelling carbon footprint

Science
March 8 (UPI) -- Demand for commercial marijuana continues to grow as more and more states legalize pot. To meet the seemingly insatiable demand, commercial growers are expanding their indoor production. According to a new study, published Monday in the journal Nature Sustainability, indoor growing operations are responsible for the industry's swelling carbon footprint. Advertisement Previous studies have highlighted the ill effects of the commercial marijuana industry on local water resources and wildlife habitats, but the latest survey is one of the first to provide a broad view of the sector's climate impacts. "We knew the emissions were going to be large, but because they hadn't been fully quantified previously, we identified this as a big research opportunity space," lead study autho...
Zoom posts big quarter even as subscriber growth slows

Zoom posts big quarter even as subscriber growth slows

Technology
Zoom’s astronomical growth is tapering off along with the pandemicBy MICHAEL LIEDTKE AP Technology WriterMarch 1, 2021, 11:51 PM• 4 min readShare to FacebookShare to TwitterEmail this articleSAN RAMON, Calif. -- Zoom’s astronomical growth is tapering off along with the pandemic, raising questions about whether the videoconferencing service’s immense popularity will fade as more people return to classrooms, offices and other places that have been off limits for the past year.The deceleration emerged in an otherwise impressive quarterly earnings report released Monday. The stellar results capped a year in which Zoom’s name became synonymous with the way millions of people have been forced to gather in online video panels while being corralled at home.Although Zoom continued to enjoy robust g...
CSB Bank strengthens senior leadership aims for 30% growth

CSB Bank strengthens senior leadership aims for 30% growth

Finance
Canadian billionaire Prem Watsa-backed is targeting a 30% growth on its Rs 13,000-crore loan book. The bank is reworking a retail strategy after industry veteran Pralay Mondal joined the leadership team at the end of last year. While continuing to bank on gold loans as primary growth driver, the bank is set to target opportunities in the SME, two wheeler and secured loan segments. Retail head Mondal told ET in an interview that the bank is targeting to grow at 25-30% in the next few years to ramp up its assets and liabilities base. “Gold loan is a high yielding business; so we will continue to focus on that segment along with strong push on SME loans, especially because of the Covid emergency guarantee loan scheme, two wheeler loans, education loans, loans against property, small business...