Latest news with #HarshKumar
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Business Standard
2 days ago
- Business
- Business Standard
Over 63,000 digital payment frauds reported in last decade: Govt
Government data show over 63,000 digital payment frauds worth Rs 733 crore in the past decade as Congress questions the Modi government's banking security record premium Harsh Kumar New Delhi Listen to This Article The total number of digital payment frauds was 63,315 cases, as reported by commercial banks and all-India financial institutions under the specific category 'Card / Internet and Digital Payments' (for amounts involving Rs 1 lakh and above) between the financial year 2014–15 and December 2024 (covering a period of nearly ten years), according to government sources. Government sources further said that the total extent of financial loss attributed specifically to these 'digital payment frauds' during this entire period amounted to Rs 733.26 crore. On June 1, 2025, the Indian National Congress, in a post on X (formerly Twitter), alleged that
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Business Standard
2 days ago
- Business
- Business Standard
Grameen Credit Score framework likely to be launched in next 3 months
Grameen Credit Score designed to strengthen financial inclusion in rural India premium Harsh Kumar Asit Ranjan Mishra New Delhi Listen to This Article The Union government is expected to roll out the Grameen Credit Score (GCS) framework within the next three months, a senior government official said. Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025–26, the initiative is designed to strengthen financial inclusion in rural India, with a particular focus on members of self-help groups (SHGs). 'A committee has already been formed to oversee the development and implementation of the Grameen Credit Score framework. The government is currently awaiting approval from the Reserve Bank of India (RBI) before moving forward with the rollout and is expected to go
Yahoo
6 days ago
- Business
- Yahoo
Piper Sandler Lifts Nvidia (NVDA) Price Target to $180, Maintains Overweight Rating
On May 29, Piper Sandler lifted the price target on NVIDIA Corporation (NASDAQ:NVDA) stock from $150 to $180, reaffirming its Overweight rating on the shares. Harsh Kumar from Piper Sandler raised the price target on the chip maker after Nvidia's strong quarterly results. Nvidia exceeded Q1 2025 earnings and revenue estimates of Wall Street, with revenue of $44.06 billion, surpassing estimates by $813.46 million and up 69% year-over-year. The earnings came in at $0.81 per share, surpassing the $0.74 consensus. The company mentioned that Blackwell chips are in full production, playing a key role in Nvidia's growth in the global AI market. Kumar believes that the improved control over Blackwell manufacturing will help Nvidia's gross margins recover to 72% in Q2. NVIDIA Corporation made notable progress across data centers with revenues reaching $39.1 billion, reflecting a 73% growth from a year ago. Kumar praised Nvidia's 'strong April quarter,' which exceeded expectations despite China-related challenges. The analyst believes that Nvidia's core business remains solid, driven by 'insatiable demand for inference' across major partners and customers. Nvidia's $45 billion revenue forecast for Q2 is strong, even though it falls a little short of Wall Street's $45.8 billion estimate, Kumar cited. The analyst expects Nvidia's revenue to grow 22% sequentially, excluding the $8 billion impact from China, indicating the fastest growth in the last six quarters. NVIDIA Corporation (NASDAQ:NVDA) is a computing infrastructure company that provides graphics, computing, and networking solutions globally. While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
6 days ago
- Business
- Yahoo
Piper Sandler Lifts Nvidia (NVDA) Price Target to $180, Maintains Overweight Rating
On May 29, Piper Sandler lifted the price target on NVIDIA Corporation (NASDAQ:NVDA) stock from $150 to $180, reaffirming its Overweight rating on the shares. Harsh Kumar from Piper Sandler raised the price target on the chip maker after Nvidia's strong quarterly results. Nvidia exceeded Q1 2025 earnings and revenue estimates of Wall Street, with revenue of $44.06 billion, surpassing estimates by $813.46 million and up 69% year-over-year. The earnings came in at $0.81 per share, surpassing the $0.74 consensus. The company mentioned that Blackwell chips are in full production, playing a key role in Nvidia's growth in the global AI market. Kumar believes that the improved control over Blackwell manufacturing will help Nvidia's gross margins recover to 72% in Q2. NVIDIA Corporation made notable progress across data centers with revenues reaching $39.1 billion, reflecting a 73% growth from a year ago. Kumar praised Nvidia's 'strong April quarter,' which exceeded expectations despite China-related challenges. The analyst believes that Nvidia's core business remains solid, driven by 'insatiable demand for inference' across major partners and customers. Nvidia's $45 billion revenue forecast for Q2 is strong, even though it falls a little short of Wall Street's $45.8 billion estimate, Kumar cited. The analyst expects Nvidia's revenue to grow 22% sequentially, excluding the $8 billion impact from China, indicating the fastest growth in the last six quarters. NVIDIA Corporation (NASDAQ:NVDA) is a computing infrastructure company that provides graphics, computing, and networking solutions globally. While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
28-05-2025
- Business
- Yahoo
Nvidia (NVDA) Gets $150 Price Target as Piper Sandler Urges Investors to Stay Long
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks gaining Wall Street's attention. One of the biggest analysts calls on Tuesday, May 27, was for Nvidia Corporation. Piper Sandler reiterated the stock as 'Overweight' with a $150 price target. The firm said it's sticking with the stock ahead of earnings on Wednesday. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. Analyst Harsh Kumar expects NVIDIA to witness a flat to downward trend leading up to its earnings report, which is scheduled for tomorrow. Some reasons for the potential revenue shortfalls in the April quarter are macroeconomic uncertainties and the H20 chip ban. There is also the news of a new China-specific chip, anticipated towards the end of the July quarter. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. The said chip may influence the company's guidance for July. Despite these near-term challenges, Kumar is optimistic about the latter half of the year on the back of strong high-performance computing (HPC) capital expenditure and improving macroeconomic conditions. The firm advises investors to stay optimistic about NVIDIA's long-term performance despite short-term headwinds. 'We advise investors to weather the uncertainty and stay long the stock as this is likely largely the last wave of negative news for NVDA this year. Reiterate OW rating.' Overall, NVDA ranks 2nd on our list of AI stocks gaining Wall Street's attention. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
