The government has also instructed these entities to take down...
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RBI to unveil risk-based deposit insurance premiums for banks: RBI Governor
``I am happy the RBI has brought changes in the existing deposit...
CyberCube raises over $180 million from investor Spectrum Equity
Pascal Millaire, CyberCube CEO, said: “Cyber has the potential to...
90% of financial institutions focus on AI, GenAI for innovation: PwC India
"Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs," said Vivek Belgavi, Partner and Leader - Fintech,...
India’s household debts surge on back of housing loans, rising trend of unsecured lending
As per the report, as of FY23, India's household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...
Tech companies commit to fighting harmful AI sexual imagery by curbing nudity from datasets
In a deal brokered by the Biden administration, tech companies Adobe, Anthropic, Cohere, Microsoft and OpenAI said they would voluntarily commit to removing nude images from AI training datasets “when appropriate and depending on the purpose of the model.” WASHINGTON:...
India jumps to Tier 1 in Global Cybersecurity Index 2024
India topped the chart for adopting measures like legal, technical, capacity development and cooperation as areas of relative strength. Organisational measures was a listed as an area of potential growth for the country New Delhi: India has jumped to Tier 1 in the...
CCI probe finds Amazon, Walmart’s Flipkart breached antitrust laws
The investigation's findings are the latest setback for Amazon and Flipkart in a country where they continue to face criticism for their business practices from smaller retailers, who say their businesses have suffered in recent years due to deep discounts offered...
Marsh looks for a new president for its Broking vertical in India
It is reliably learnt that the company is keen to have an insider from the Indian insurance industry to be appointed as a president of Marsh India Insurance Brokers and has hired a headhunter for the exercise Singapore: US based Marsh McLennan, the largest...
Govt approves Rs 12461 crore budgetary support for cost of enabling infrastructure for Hydro Electric Projects
The government has been taking several policy initiatives to address the issues impeding Hydro Power development, viz., remote locations, hilly areas, lack of infrastructure etc New Delhi: The center today has approved the proposal of the Ministry of Power for...
Govt clears ‘Mission Mausam’ with an outlay of Rs2,000 cr for transformative initiatives on climate-related science
The mission's focus will include improving observations and understanding for providing highly accurate and timely weather and climate information across temporal and spatial scales, including monsoon forecasts, alerts for air quality, extreme weather events and...
Crops in 1.8 lakh ha damaged due to floods in AP Agri Min Shivraj Singh Chouhan
Shivraj Singh Chouhan,Union Agriculture Minister Chouhan, who is on a two-day visit to Andhra Pradesh and Telangana to assess the flood situation, said: "The crops have suffered a lot of damage… Flowers are cultivated here, turmeric is cultivated, all the crops have...
Cybersecurity professionals limited, big challenge for future: SBI chief Setty
CS Setty,Chairman,SBI "But we also feel that the professional support for many of the cyber security activities is limited one. I think that's going to be a big challenge going forward," said Setty, who took over as the chairman of the country's largest lender late...