Union Finance Minister Nirmala Sitharaman announced a panel led by SBI Chairman C S Setty to assess risks from AI platform Mythos and devise mitigation strategies. Banks will collaborate to understand threats and identify investment needs for countering AI-driven challenges.
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India’s solar industry said the decision to impose steep preliminary anti-dumping duties on cells and modules from India will have limited immediate impact on domestic exporters, but remains a matter of concern.
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India has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ruling raised concerns. India has softened tax regulations regarding the General Anti-Avoidance Rule for older investments. This move aims…
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India’s formal loan systems saw a significant surge in FY26, marking a strong revival in borrowing demand. This growth followed a contraction in the previous year. The Reserve Bank of India’s policy rate cuts and liquidity infusion spurred lending. Credit…
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Finance Minister Nirmala Sitharaman has directed the Indian Banks’ Association to help banks combat emerging cybersecurity threats from Anthropic’s Claude Mythos AI. SBI Chairman Challa Srinivasulu Setty will lead these efforts. Banks will explore investments and technologies, including AI, to…
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The Indian rupee experienced its steepest weekly fall since September 2022. This decline occurred as oil prices surged amid concerns about a U.S.-Iran ceasefire and energy flow disruptions. Global markets faced uncertainty with fears of renewed Middle East military escalation.…
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