Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing framework, fairness & bias, and data privacy & cyber security measures.The regulator has come out with a consultation paper titled ‘Guidelines for…
India’s aviation sector is projected to continue growing in FY2026, with domestic air passenger traffic expected to rise by 7–10% year-on-year, reaching between 175 and 181 million passengers, according to a report by ICRA. This projection follows a 7.6% increase in FY2025, when domestic traffic touched 165.4 million, marking a strong recovery at 16.8% above…
The rupee appreciated by 14 paise to close at 86.59 against the US dollar on Friday, helped by a fall in global crude oil prices, a weaker dollar overseas, strong domestic equities and sustained foreign fund inflows.At the interbank foreign exchange market, the rupee opened at 86.65 and moved in a narrow range of 86.55…
The ongoing conflict in the Middle East has so far had a limited impact on Indian companies’ global trade exposure, but any escalation could pose risks to key sectors, CRISIL Ratings said in a report.While global crude prices have remained volatile amid the tensions between Israel and Iran, India’s direct trade with both countries is…
AI image means for representation only India’s foreign exchange reserves rose by $2.294 billion to $698.95 billion in the week ended June 13, according to data released by the Reserve Bank of India (RBI) on Friday.This follows a $5.17 billion increase in the previous week, taking the total gains over two weeks to nearly $7.5…
Former HDFC chairman Deepak Parekh and ICICI Bank chief Chanda Kochhar MUMBAI: Former HDFC chairman Deepak Parekh, in a candid disclosure, said that then ICICI Bank chief Chanda Kochhar had proposed a merger between the two lenders – well before HDFC’s eventual reverse merger with its banking subsidiary. During an interaction with Kochhar on her…
US stocks traded in a narrow range on Friday, returning from the Juneteenth holiday to a market still clouded by geopolitical uncertainty and inflation concerns. The S&P 500 slipped 0.2% in midday trading, while the Nasdaq Composite dropped 0.6%. The Dow Jones Industrial Average rose 45 points, or 0.1%, as of 11 am Eastern Time.Bond…
RBI Governor Sanjay Malhotra said a front-loaded interest rate cut would offer clarity and confidence to economic agents and support growth as the global environment remains volatile, according to minutes of the June monetary policy meeting released on Friday.The Monetary Policy Committee (MPC), headed by Malhotra, cut the repo rate by 50 basis points on…
Navratna Defence Public Sector Undertaking Bharat Electronics Limited (BEL) has secured fresh orders worth Rs 585 crore since its last disclosure on June 5, the company said in a stock exchange filing.Major components of the new orders include fire control and sighting systems for missiles, communication equipment, jammers, spares, and services, according to the disclosure…
Accenture on Friday reported an 8% year-on-year rise in revenue to $17.7 billion for the March-May quarter of FY25, supported by growing demand for AI-related services. The Ireland-headquartered IT services firm, which follows –a September-August fiscal calendar, also raised the lower end of its full–year revenue growth guidance to 6-7% in local currency from 5-7%…