August witnessed a surge in new demat accounts, reaching a seven-month peak due to strong initial public offering activity that spurred many newcomers to the markets. Collectively, NSDL and CDSL welcomed around 3.27 million new accounts, even as benchmark stock…
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OpenAI has acknowledged the growing real-world risks from unintended AI behaviour, including the recent “wiki incident”, and said it is developing a framework for disclosing such incidents, which it plans to share in the coming weeks, while also working with…
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The company is evaluating robotic arms for power cycling and cable swapping operations, this initiative aims to reduce labor costs as AI infrastructure spending increases.
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The Reserve Bank of India is currently grappling with a notable liquidity dilemma due to a surge in FCNR(B) scheme inflows. To navigate this, a pivotal variable rate reverse repo auction is set to influence the liquidity management strategy. The…
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Tata Chemicals Magadi has submitted a compliance report to the Kenyan government to address regulatory concerns and is awaiting further instructions.
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Recently, the Reserve Bank of India undertook measures to absorb more than six lakh crore rupees from the banking system, utilizing two variable rate reverse repo auctions. This move comes as a response to record high surplus liquidity driven by…
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