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
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…
Global steel output slips in May
Global crude steel output slipped marginally in May even as India maintained its growth momentum and retained its position as the world’s second-largest steel producer. According to data released by…
Why the government is defending E20 fuel after unveiling India’s E100 roadmap
The Ministry of Petroleum and Natural Gas on Tuesday issued an unusually combative defence of E20 petrol, accusing some social media users of recycling old videos and images to “garner…
Can a reversal in global AI trade benefit Indian stock market?
AI stocks have seen some selling lately, sparking speculation that investors are playing an anti-AI trade amid concerns that the sector is in bubble territory. India’s limited participation in the…
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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