Banking And Finance
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
Mumbai: The has mandated that banks and all other regulated entities must have the ability to instantly override, suspend or deactivate any artificial intelligence model deployed in their operations —…
Harshad Mehta scam lessons: 5 investing mistakes retail investors still make today
The Harshad Mehta story is often admired and remembered for its thrilling nature. Even today, it is recognised as a tale of stock market glamour, overnight wealth, epic valuations, stock…
Best cities to live in India and their cost of living: Bengaluru tops the list | Check if Mumbai, Delhi made the cut
In the last two decades, India has seen a remarkable urban evolution. Expanding metro networks, thriving startup hubs, smart infrastructure projects, and a rising middle class have redefining life across…
Should NRIs in Dubai use a UAE foundation for succession planning?
As an NRI HNI in Dubai planning succession for family wealth, should I consider a UAE foundation? –Name withheld on request In simple terms, it is a separate legal entity…
Market
US stock market today: S&P 500, Nasdaq futures rise as tech stocks rebound; Brent slips below $75
traded modestly higher on Wednesday, 24 June, following a two-day sell-off in technology stocks, particularly semiconductor shares, which wiped out billions of dollars in market value amid mounting valuation concerns.…
Nifty 50 reclaims 24,000: Five market experts predict the index’s short-term outlook
Stock market benchmark Nifty 50 reclaimed the psychologically important 24,000 mark on 24 June, largely due to short covering in select heavyweights, a further decline in crude oil prices, and…
Motilal Oswal initiates coverage on 8 textile stocks, including Arvind and Gokaldas Exports; sees up to 39% upside
Motilal Oswal has initiated coverage on eight textile and apparel companies, citing a gradual recovery in global demand, capacity additions, improving utilisation levels and potential gains from lower tariffs and…
Nifty rebounds over 200 points as falling crude and trade deal optimism lift sentiment
Markets staged a firm recovery on Wednesday, snapping the previous session’s losses, as easing Middle East tensions dragged crude oil prices lower and optimism around a near-final India-US trade deal…
Market
Nila Spaces and IKEA partner for B2B push, eye growth in India’s emerging ready-to-live homes market
Home furnishing giant IKEA has entered Gujarat’s residential market through a collaboration with Nila Spaces’ VIDA project in Ahmedabad, marking a new step in its business-to-business (B2B) growth strategy. The…
Incubating businesses to start demerging from FY28: Adani Group CFO
Adani Enterprises Ltd (AEL) expects to begin the demerger of its incubating businesses from FY28 onwards and plans to invest ₹35,000-40,000 crore annually over the next five years as it…
Indri Whisky adds authenticity hologram to bottles amid India’s single malt boom
Indri, the single malt whisky brand owned by Piccadily Agro Industries Limited (PAIL), announced on Wednesday that its bottles will now carry a certification hologram issued by the Indian Malt…
Elon Musk became world’s first trillionaire on June 12, then watched $363 billion disappear within a fortnight
Elon Musk’s run as the world’s first trillionaire has ended, just a fortnight after it began. The Tesla and SpaceX chief’s fortune now stands at $957 billion, according to the…
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