The Reserve Bank intends to make considerable use of artificial intelligence, machine learning, and advanced analytics to analyse its massive database and enhance regulatory supervision of banks and NBFCs. The central bank is attempting to engage outside specialists for this purpose as well. While the RBI already employs AI and ML in supervisory procedures, it […]
RBI to employ AI and ML to enhance regulatory supervision Read More »
According to preliminary data issued by the commerce ministry on Monday, India’s exports decreased by 3.52% to $32.62 billion in September from $33.81 billion in the same month last year, while the trade deficit increased to $26.72 billion. However, the report indicated that imports for the month increased by 5.44% to $59.35 billion from $56.29
September’s exports fell by 3.52% to $32.62 billion: Commerce Ministry Read More »
Celsius Network, a bankrupt cryptocurrency lender, stated on Friday that borrowers are not required to repay such debts and that Celsius Network will not be attempting to enforce payment obligations for outstanding loans during its Chapter 11 proceedings. In a filing with the US Bankruptcy Court for the Southern District of New York, the New
Cryptocurrency lender Celsius is not looking for repayment of outstanding loans Read More »
In Forbes’ Real-time Billionaires List, Gautam Adani has moved down two places. The industrialist from Ahmedabad, who rose to the second-richest position in the world, fell behind e-commerce tycoon Jeff Bezos and French luxury retail tycoon Bernard Arnault. With a wealth of $249.9 billion, Elon Musk, CEO of Tesla, continues to lead the list, followed
According to a statement from CEO Mark Zuckerberg to staff, in light of the hazy macroeconomic environment, Facebook-parent Meta Platforms will halt hiring and continue restructuring. As advertisers cut spending to get ready for an impending recession, some tech companies have been compelled to reduce headcount in recent months. “I had hoped the economy would
Meta Platforms halts hiring and issues a restructuring warning Read More »
For central government employees and retirees, the Centre has approved a 4% increase in the dearness allowance (DA). Anurag Thakur, the Union Minister, announced the findings of the Cabinet Committee on Economic Affairs by saying that central government employees and retirees will henceforth receive a dearness allowance of 38% of their basic pay or pension
Ahead of the holiday season, the Center approves a 4% DA hike for employees Read More »
Today, One97 Communications Limited-owned Paytm Payments Bank Limited and Mumbai Metro One Private Limited (MMOPL) announced their collaboration on the Paytm Transit Card, which would enable users to travel by metro, bus, and train as well as make purchases at offline and online retailers. Additionally, you can use this card to pay for parking and
On Monday, Tata Motors stated that it is prepared to handle the shift to electric products and that it intends to keep investing in its commercial vehicle sector in the range of Rs 2,000 crore year to ensure that it keeps releasing new vehicles. With the introduction of the Yodha 2.0, Intra V20 bi-fuel, and
Tata Motors is all set for transition towards electric products, says executive director Read More »
Nirmala Sitharaman, the minister of finance, stated on Saturday that the rupee has “held back extremely well” in comparison to other currencies against the US Dollar. After the native currency hit a record low against the dollar, the finance minister assured reporters that the Reserve Bank and the Finance Ministry were keeping a careful eye
After a recent viral Substack post revealed a filthy cloud kitchen in Bengaluru that was running 200+ distinct businesses from the same location, food tech giant Zomato is adopting a severe stance against them. Food brands prompted various concerns regarding food safety and hygiene requirements because their menus included little to no distinction. Zomato will
