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Govt to constitute high-level panel on banking soon: FM
Nirmala Sitharaman,Finance Minister "I propose setting up a 'High...
South Korean insurance majors eye Indian market
Samsung and Hyundai Marine & Fire are interested in potentially...
IDFC First Bank raises Rs 3,200 cr by selling shares to LIC, 5 other insurers
The names of the six companies to whom shares have been allotted are Life Insurance Corporation of India, HDFC Life Insurance Company, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, ICICI Lombard General Insurance Company and SBI...
$ 20 billion dry powder chasing Indian AI Startups, says Rajan Anandan
``We are beginning to see a very different weave of AI-Application companies in India, the companies that are leveraging AI to build useful applications where investments can be seen. These companies are working across sectors such as consumer applications,...
Assam flood situation deteriorates, 16.50 lakh people affected in 29 districts
Chief Minister Himanta Biswa Sarma chaired a meeting on the flood situation with all District Commissioners late on Wednesday night and directed them to be liberal in granting relief as per norms, complete all rehabilitation claims as per norms before August 15 and...
Not politics, not interest rates: India’s surging economy at risk from water
The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. Contaminated water kills about 200,000 Indians each year, according to the government. People and the economy are...
India now has over 300 Family Offices from 45 in 2018 with smaller cities in focus: Report
Family Offices have also evolved into holistic service providers, championing ESG and technology for sustainable wealth New Delhi: Driven by robust economic growth in India, the country now has over 300 Family Offices as against 45 in 2018 who are catalysing the...
Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper
According to the paper, during an era of economic growth, when opportunities increase, the long-term determinants of poverty may decline while accidents of life associated with natural disasters, illness and death, and changes in occupation-specific opportunities may...
Vaishnaw calls for global collective efforts to deal with risks, dangers posed by AI
“The whole package… the whole AI Mission which was approved by the Cabinet a couple of months back… the team is working on setting the foundation and all seven pillars… and maybe in two-three months we will be launching this mission,” Vaishnaw said while speaking at...
Sensex crosses 80,000 in record opening, banking stocks lead rally
"Higher global markets are setting up a positive open for Indian markets today. Fed Chairperson Powell's comments gave a boost to US markets with a rate cut in September and December being factored in, even though Powell did not allude to any imminent rate cut. US...
China refines financial stability law to strengthen risk prevention
The bill aims to establish a comprehensive cross-agency mechanism for risk detection and mitigation within the financial system, as the country grapples with a prolonged real estate crisis and vulnerabilities in smaller banks China’s new financial stability law draft...
Scientists wary of bird flu pandemic ‘unfolding in slow motion’
“It almost seems like a pandemic unfolding in slow motion,” said Scott Hensley, a professor of microbiology at the University of Pennsylvania. “Right now, the threat is pretty low … but that could change in a heartbeat.” Scientists tracking the spread of bird flu are...