Commodity trading generated $100 billion in 2023 despite uncertainties, says McKinsey

[ad_1] Commodity trading generated over $100 billion EBIT (earning before interest and taxes) in 2023 despite commodity markets experiencing significant levels of uncertainty, managing consulting firm McKinsey and Company has said. The $100 billion translates to over $150 billion in...

Start-ups can add $1 trillion to Indian economy by 2030: CII report

[ad_1] The next phase of unicorn growth in India could contribute $1 trillion to the economy, pushing it to $7 trillion by 2030, a Confederation of Indian Industry (CII) report said on Thursday.This could add 50 million new jobs to...

GenAI penetration growing at 3X the pace of SaaS growth

[ad_1] The evolution from SaaS (software-as-a-service) to Artificial Intelligence-enabled SaaS is currently underway and is adding almost $60 billion net new TAM (total addressable market) to the sector, industry executives said on Thursday at ‘SaaSBoomi 2024’, a two-day event organised by...