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Sensex crosses 80,000 in record opening, banking stocks lead rally

Sensex crosses 80,000 in record opening, banking stocks lead rally

by AIP Online Bureau | Jul 3, 2024 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy

“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...
RBI Governor underscores need to eliminate biases in algorithms as artificial intelligence and machine learning

RBI Governor underscores need to eliminate biases in algorithms as artificial intelligence and machine learning

by AIP Online Bureau | Jun 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

Shaktikanta Das,Governor, Reserve Bank of India RBI Governor Shaktikanta Das highlighted efforts by the RBI to harness digital footprints and computing power to analyze expectations, sentiment indicators, and policy credibility from alternative data sources. The...

Trai takes up fraud, pesky call issues in meeting with financial regulators, institutions

by AIP Online Bureau | Jun 14, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The telecom regulator discussed the allocation of 160 series exclusively for making transactional and service voice calls, which has been earmarked for all entities regulated by the RBI, Sebi, Irdai and PFRDA in the first stage NEW DELHI: Telecom regulator Trai has...
RBI Governor underscores need to eliminate biases in algorithms as artificial intelligence and machine learning

RBI maintains status quo in repo rate at 6.5 pc, growth projection raised to 7.2%

by AIP Online Bureau | Jun 7, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

Shaktikanta Das, Governor,RBI “Uncertainties related to food inflation need to be monitored. Need inflation reduction to 4 per cent level on a durable basis while supporting growth,” RBI Governor Shaktikanta Das said Mumbai: The Reserve Bank of India(RBI)...

RBI approves Zurich Insurance deal to buy 70 per cent in Kotak General Insurance

by AIP Online Bureau | Jun 5, 2024 | Banking & Bancassurance, Non-Life, Regulation

In February, Zurich Insurance had said it would acquire a 70 percent stake in the insurance company for Rs 5,560 crore in a single tranche New Delhi: Kotak Mahindra Bank on Wednesday said it has received the Reserve Bank of India’s (RBI) approval to sell a 70...
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