NaBFID has approved funding exceeding Rs 3,000 crore each to four data centers, addressing the burgeoning artificial intelligence infrastructure demands in India. This investment is expected to enhance the need for long-term project financing, as companies ramp up infrastructure spending…
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Kore Digital shares plunged after Sebi barred the company and key executives from the securities market over alleged financial statement manipulation, non-genuine subsidiaries and diversion of preferential issue proceeds.
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Actuaries are one of the oldest data scientists in the world. Actuaries are trained to take a long-term view on the models and ask whether it is fair, explicable, and stable over decades, and not just focus on its near-term…
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The finance ministry has sought feedback from regulators, banks and other stakeholders. A broad consensus has emerged that digital gold should be classified as a security under the Securities Contracts (Regulation) Act, 1956.
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India’s IT Minister Ashwini Vaishnaw recently underscored the crucial need for artificial intelligence regulation, prioritizing user safety as a core government concern. He pointed out the unique safety challenges posed by AI that differ significantly from traditional physical technologies. To…
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The Reserve Bank of India has set expectations for Tata Sons to meet its listing criteria. Shapoorji Pallonji Mistry welcomed the decision, highlighting a positive outlook, while Tata Trusts expressed their firm opposition and will explore other avenues beyond a…
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