The AICPA report underscores the profound impact of generative AI, likening its significance to previous technological milestones like the internet and smartphones. This technology enables smaller firms to automate tasks such as content synthesis, earnings transcript summarization, and sales forecasting,…
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India Ratings and Research (Ind-Ra) stated that the RBI’s Rs 2.11 lakh crore dividend transfer will likely ease liquidity pressure and lower deposit rates in the banking system if the government spends it. The substantial dividend will strengthen the central…
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The Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations.
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The Reserve Bank of India’s annual report highlights the Indian economy’s firm footing, driven by improved external sector sustainability and robust corporate balance sheets. It projects 7% GDP growth for 2024-25, supported by strong macroeconomic fundamentals, production-linked incentive schemes, and…
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The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations…
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Naina Lal Kidwai, chairperson of Rothschild & Co, who is also on the board of directors of Biocon and UPL, said one of the big factors fuelling this change is ESG reporting. Companies, especially the larger ones, are seeking ratings…
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