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AI adoption will be widespread but slow in risk and compliance: Moody’s

Feb 22, 2024

Chennai, Feb 22 (IANS) Even as Artificial Intelligence (AI) is deepening its reach into everyday risk and compliance, the transition will not happen overnight, finds a survey by Moody’s. The slow uptake of AI technologies, according to the respondents, is due to a combination of practical, cultural, and regulatory challenges.The survey, ‘Navigating…

India’s market capitalisation will likely touch $10 trillion by 2030

Feb 22, 2024

New Delhi, Feb 22 (IANS) India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report. This should change as…

Business

New cold war, climate, China, communications & collaboration to affect higher education…

Feb 22, 2024

Sonipat, Feb 22 (IANS) The three-day World Universities Summit organised by the International Institute for Higher Education Research and Capacity Building at O.P. Jindal Global University concluded on Wednesday with an on-site Higher…

Business

India’s biz activity surges to 7-month high in Feb

Feb 22, 2024

New Delhi, Feb 22 (IANS) The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on…

Business

Sensex down more than 300 points

Feb 22, 2024

New Delhi, Feb 22 (IANS) BSE Sensex is down more than 300 points in morning trade on Thursday. Sensex was trading at 72,236.94 points, down 386.15 points.Bharti Airtel, Titan are among the top Sensex laggards down 2 per cent.Deepak Jasani,…

Business

Japan: Train services suspended between Tokyo, Yokohama due to concrete on tracks

Feb 22, 2024

Tokyo, Feb 22 (IANS) Train services on Japan's JR Yokosuka line between Tokyo and Yokohama stations were suspended on Thursday due to concrete on tracks in a tunnel.Multiple pieces of concrete have fallen onto the tracks in the tunnel…

Business

EV maker Rivian to lay off 10% of staff to cut costs

Feb 22, 2024

San Francisco, Feb 22 (IANS) Electric vehicle (EV) maker Rivian has announced to lay off approximately 10 per cent of its salaried workforce in a bid to cut costs. The company announced the latest job cuts in its 2023 fourth-quarter (Q4)…

Business

Merchants across India continue to use Paytm & its pioneering devices

Feb 22, 2024

New Delhi, Feb 22 (IANS) One 97 Communications Limited (OCL), that owns financial services major Paytm, has received immense support from the merchant community across the country. In a social media livestream organised by the company,…

Business

Cabinet okays 8% hike in sugarcane price, move to benefit 5 cr farmers

Feb 22, 2024

New Delhi, Feb 21 (IANS) The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved an 8 per cent increase in the Fair and Remunerative Price (FRP) of sugarcane to Rs 340 per quintal for the…

Business

American delegation visits Ram Temple in Ayodhya

Feb 22, 2024

Ayodhya, Feb 21 (IANS) Quantum Integrators CEO and India Business Association's Advisory Chairman, Raj Pandya, led an American delegation to Ayodhya, consisting of leaders of the Indian-American diaspora. Leading the delegation, Pandya…

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