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PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...- AI costs spiral as firms lose spending controlCompanies are facing massive AI bills, with one firm reportedly spending $500 million in a month on Claude AI due to unchecked usage. Sever...
- AI chiefs walk back job apocalypse warningsLeading AI figures like Nvidia's Jensen Huang and OpenAI's Sam Altman are now downplaying fears of mass job losses due to artificial intell...
- Europe’s banks embrace AI — and confront the price of dependence on US techThe finance industry is rapidly adopting AI, but soaring costs for computing power and AI assistants like Claude are creating financial str...
- StanChart CEO apologises for 'upset caused' by AI commentsStandard Chartered CEO Bill Winters has apologized for comments about artificial intelligence replacing workers. He stated that the bank is...
- RBI rate hikes to start in June, says Standard CharteredRBI rate hike: Economists at Standard Chartered anticipate India's central bank will begin raising interest rates as early as June due to e...
- StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
- AI will destroy and create new jobs, urges staff to embrace change: HSBC CEOHSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its...
- StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reasonStanChart or Standard Chartered's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to ...
- Indian banks activate BCPs, shift West Asia staff to India amid Iran-US conflictIndian banks are taking steps to ensure the safety of their staff in West Asia. Some banks have already moved operations to India to manage...
- Global Earnings | HSBC reports flat first-quarter profit; expects further credit lossHSBC Holdings saw flat first-quarter profits. Higher credit loss charges in the UK and provisions for Middle East conflict impacted earning...
- Stock, mutual fund investing from Tier-2, 3 cities grows fast, but limited awareness, advisory gaps remain key concernsEven as individuals from Tier-2/3 cities and beyond are rapidly embracing the world of stocks and mutual funds, gaps in advisory and awaren...
- Federal Bank to acquire 4.5 lakh Standard Chartered card portfolioFederal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 c...
- Standard Chartered to sell bulk of Indian credit cards to Federal BankStandard Chartered is selling a significant portion of its Indian credit card portfolio to Federal Bank. This move aligns with Standard Cha...
- Why you should check mutual fund consistency before investing and how to do itSteady performance signals a resilient approach geared for long-term wealth creation.
- Oracle stock surges 5% - what's driving the bullish sentiment? Key points for investorsOracle stock is rising fast because of its strong push into AI and cloud business. New AI tools, big data center plans, and support from ma...
- A beginner's guide to scalping: Capturing the market’s micro-trendsScalping is a high-speed trading style focused on capturing tiny price movements, demanding radical honesty, unbreakable discipline, and fl...
- Standard Chartered Bank India PBT falls 39 percent in H1Standard Chartered Bank India on Wednesday reported a steep 39 percent fall in its pre-tax profit to $378 million for the first half to Jun...
- Standard Chartered follows dubious distinction of Citibank, 4 clients duped of croresAccording to reports, a few relationship managers at Standard Chartered Bank's private banking business have mis-sold debt securities to pr...
- StanChart, Jacob Ballas, CVC to fund GMR InfraBangalore-based GMR Infrastructure is in the process of raising additional capital of $150 million through three private equity funds to ai...
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