Nair relinquished his position in order to embark on a new journey, as stated in his resignation letter attached by the company in an exchange filing. Nair joined Everest Industries as its CFO in May of 2021 and separating after…
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Artificial Intelligence (AI) investment in the Asia Pacific region is set to surge fivefold to USD 117 billion by 2030, according to Deloitte’s AI at a Crossroads report.
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The Banking Laws (Amendment) Bill 2024, passed in the Lok Sabha, grants banks control over auditor remuneration, with experts predicting greater flexibility and higher remuneration to auditors, but raising concerns about audit quality, independence, and potential conflicts of interest.
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The Securities and Exchange Board of India (SEBI) has ordered a forensic audit of the company’s financial statements for the financial years 2021 to 2023. The company announced this development in an exchange filing on Tuesday.
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India’s market regulator, Sebi, proposed a new platform, MITR, to help investors find inactive or unclaimed mutual fund holdings. Developed by Registrar and Transfer Agents, it aims to update KYC details, prevent fraud, and increase transparency within the financial ecosystem.…
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India’s capital markets regulator, Sebi, is developing its own large language model (LLM) to expedite approvals for new funds and schemes. This AI-powered tool aims to drastically reduce processing times, currently under three months, to less than a month, making…
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