Punjab National Bank opens its first startup branch
The branch inauguration was done in presence of Arvind Kumar, Director General, Software Technology Parks of India (STPI), and PNB MD & CEO Ashok Chandra.
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RBI’s free-AI framework will require governance structures, capacity building
This framework aims to ensure fairness, robustness, and explainability in AI systems, requiring traceable logic and unbiased outcomes. While upfront costs may pose challenges, long-term benefits like improved decision-making and increased customer trust are anticipated.
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Sectoral impact: Industry to sit down with RBI for tariff assessment
Reserve Bank of India will meet with industry leaders to discuss the impact of US tariffs. The consultation is planned for September. It will assess how the 50% tariffs affect various sectors. Labour-intensive industries may face significant challenges. The meeting…
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Sebi asks merchant bankers for ‘realistic’ IPO valuations
Varshney observed that some companies make high valuations and then their prices go down after listing.
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Beverage companies seek ‘sugar-based’ tax in line with global models
The Indian Beverage Association urges the finance ministry for a sugar-based taxation system, aligning with global standards, ahead of a crucial GST Council meeting. They argue the current 40% tax on all aerated drinks, including healthier low/no-sugar and fruit-based options,…
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Cable TV body urges FM to slash GST to 5% amid stress
The All India Digital Cable Federation (AIDCF) has urged the government to lower the GST on cable TV services from 18% to 5%, citing financial strain on operators and rising consumer costs. AIDCF argues that this reduction would align with…
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