The RBI has decided to constitute a committee to develop a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector, RBI Governor Shaktikanta Das announced here on Friday. The FREE AI committee will look into a framework that will address critical challenges, including algorithmic transparency and protection of user data, and … Read more
Seven in 10 Indians in the current workforce are willing to apply new job skills in real-world settings, underscoring the need for organisations to bridge the gap between current readiness and future demands, a report showed on Friday. Further, there has been a noticeable increase in willingness among both the current and future workforce to … Read more
More than 3 lakh homes worth Rs 510,000 crore across 485 million square feet are expected to be sold by the end of this year, according to a new report. Housing sales remained healthy and hit a new nine months (January-September) peak in 2024, with close to 230,000 homes across the top 7 cities worth … Read more
The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings. The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been pulling … Read more
Axis Bank is currently trading at Rs. 1187.30, up by 20.00 points or 1.71% from its previous closing of Rs. 1167.30 on the BSE. The scrip opened at Rs. 1171.80 and has touched a high and low of Rs. 1193.65 and Rs. 1160.00 respectively. So far 266758 shares were traded on the counter. The BSE … Read more
Leading industry chambers on Friday welcomed the RBI decisions especially around the repo and cash reserve ratio (CRR) rates, saying that these measures would ensure a better balance between growth and inflation management. They appreciated the calibrated steps undertaken by the central bank during its three-day Monetary Policy Committee (MPC) meeting, including cutting the … Read more
Tata Power's newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially. Tata Power, one of India's leading integrated power companies, has built a new solar module and cell manufacturing facility in … Read more
The FIIs as per Friday’s data were net buyers in both equity and debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 25335.45 crore against gross selling of Rs 15846.16 crore. Thus, FIIs stood as net buyers of Rs 9489.29 crore in equities. In the debt … Read more
The Reserve Bank of India (RBI) bought 27 tonnes of gold during October taking its total purchases of the precious metal to 77 tonnes from January to October, according to a WGC report based on data compiled by the International Monetary Fund (IMF). The RBI’s gold purchases in the first 10 months of 2024 represent … Read more
Amid global turmoil and geopolitical tensions, the world pins hope on India as a bright spot and one of the key reasons for this is the country's growth story, which is being driven by Prime Minister Narendra Modi's four-pillar strategy, Union Minister Ashwini Vaishnaw said on Friday. Delivering the keynote address at the NDTV Indian … Read more