CATEGORIES

New tech to face regulation wall in user harm cases

To specify no-go areas for emerging tech, AI

WhatsApp rolls out text editing feature

15-minute window allowed to revise sent messages

Oil futures steady as US default risk offsets supply fall

OIL PRICES TRADED either side of unchanged on Monday as the market waited for news on the US debt ceiling talks and as a stronger dollar offset support from lower supplies from Canada and OPEC+ producers.

Kotak Bank plans to grow affordable housing portfolio

KOTAK MAHINDRA BANK is focusing on increasing its affordable housing portfolio, Ambuj Chandna, president consumer assets, said.

Das directs PSBs to improve risk mgmt, governance

RESERVE BANK OF India governor Shaktikanta Das on Monday urged public sector banks to further strengthen the governance and assurance functions such as risk management, compliance and internal audit so that they are able to identify and mitigate risks at an early stage.

Speculative trading on the rise: SC panel

SPECULATIVE TRADING VOLUMES have gone up substantially after stock exchanges introduced weekly options settlement, a six-member panel appointed by the Supreme Court has noted.

Fintechs focus on portfolio quality as funding falters

DIGITAL LENDERS ARE increasingly focusing on improving their portfolio quality and underwriting processes amid tightened lending norms, lack of equity capital and a \"funding winter\".

Sebi's 'perform or perish' proposal stumps AMCs

60% schemes show underperformance over 10-year horizon

China to see 65 mn Covid cases a week

CHINA IS LIKELY to see its Covid-19 wave peaking at about 65 million infections a week toward the end of June, according to a senior health advisor, while authorities rush to bolster their vaccine arsenal to target the latest omicron variants.

Regulators dust off rule books to tackle ChatGPT

AS THE RACE to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and businesses operate.

Meta fined record $1.3 bn over data transfers to US

Facebook owner says it will appeal against the 'unjustified' ruling

Cyber threat to APIs poses challenge to data-driven biz

THE MASSIVE NUMBER of APIs that has been developed over the last few years amid mushrooming of apps in India, pose immense cybersecurity challenge to data-driven businesses, experts said.

BPCL Q4 profit up 159% as marketing margins increase

STATE-RUN OIL marketing company Bharat Petroleum Corporation (BPCL) on Monday reported a 159% hike in its standalone net profit to ₹6,477.74 crore in Q4FY23 as against ₹2,501.08 crore in the year-ago quarter.

Aditya Birla Fashion slips into red in Q4

First quarterly loss in two years, say analysts

ONGC, Oil India in talks for 50% stake in $3.4 bn Kenya oilfield

THE COUNTRY' FLAGSHIP overseas oil firm ONGC Videsh has got a new partner in Oil India to replace a reluctant Indian Oil (IOC) for the potential acquisition of a 50% stake in Tullow Oil's $3.4 billion oilfield project in Kenya, according to people with knowledge of the matter.

Telcos add 6.2 mn 4G users in March, most in 20 months

TELECOM OPERATORS RELIANCE Jio, Bharti Airtel, and Vodafone Idea in March added 6.2 million 4G users, the highest in 20 months, according to data released by the Telecom Regulatory Authority of India (Trai).

TCS consortium bags ₹15,000-cr BSNL 4G order

A CONSORTIUM LED by Tata Consultancy Services (TCS) has bagged an advance purchase order of over ₹15,000 crore from state-owned BSNL to deploy its 4G network pan-India, the IT giant said on Monday.

PhonePe secures $100 mn more from General Atlantic

INCHES CLOSER TO $1-BN FUNDRAISE GOAL

Finetune PLI for greater impact, says think tank

AS THE GOVERNMENT examines more sectors like toys, leather, and footwear which might need support of the production-linked incentive (PLI) scheme, a trade policy think tank has suggested that products made by many smaller units should be kept out of it as it may shift business to larger units.

Diesel vehicle ban to have little impact on refineries: Panel

BAN ON DIESEL-POWERED four-wheelers by 2027 and other suggestions related to phasing out of diesel by an advisory panel under the petroleum ministry will have little impact on refineries, as per stakeholders in the industry.

Withdrawal of ₹2,000 notes: Bank deposits can rise by ₹2 trn

THE BANKING SYSTEM deposit base is likely to increase by ₹1.4 trillion to ₹2 trillion due to the deposit of ₹2,000 notes, whose withdrawal was announced by the Reserve Bank of India (RBI) on May 19, economists say. However, this increase in deposits may be transient.

Private consumption, rural demand revival to drive growth in April-June, says RBI report

INDIA'S GROWTH IN April-June will be driven by private consumption, revival in rural demand, and renewed buoyancy in manufacturing, a Reserve Bank of India (RBI) article said on Monday.

Finmin flags risks to inflation, growth

Domestic demand strong; concern over oil supply, geopolitics

Zee5 scripts mega content play

LINES UP 111 TITLES IN BID TO RIVAL JIOCINEMA GROWTH

NCLAT derails Go First lessors' plane reclaim

Upholds voluntary insolvency process

Das rules out ₹1,000 notes

ENOUGH PRINTED STOCK IN THE SYSTEM: RBI GOVERNOR

Many Indians fall victim to online travel scams: Report

WITH THE RISE in tourism in the country post-Covid, the sector is also witnessing an increase in online travel scams as a significant percentage of travellers have been duped while trying book holidays to save money, a report said on Sunday.

Late payment rule: Overdues of discom fall 74% in under a year

THE TOTAL OVERDUES of power distribution companies (discoms) to power generation companies (gencos) have fallen 73.5% to ₹26,516.57 crore in less than a year of the introduction of Late Payment Surcharge (LPS) rule on June 3, 2022.

Sebi moots measures to curb price volatility in derivatives

CAPITAL MARKETS REGULATOR Sebi on Sunday came out with a proposal to strengthen the existing price band formulation for scrips in the derivatives segment to deepen volatility management and minimize information asymmetry in the market.

Das to address PSB board members on governance today

RESERVE BANK OF INDIA Governor Shaktikanta Das is scheduled to meet the board of directors of all public sector banks on Monday to discuss issues related to governance and ethics.