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RBI mandates kill switch for AI models at banks, introduces comprehensive model risk frameworkThe Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft frame...
Sebi proposes common advertising code for brokers, mutual funds, may allow celebrity endorsementsSebi has proposed a common advertising code for brokers, mutual funds, investment advisers and other regulated entities, aiming to simplify...
As AI adoption grows, token consumption comes under close scrutinyBusinesses are facing hefty AI bills, prompting a shift from simply counting AI tokens to scrutinising their actual value. Companies are no...
Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success storiesKPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations...
Lawyers welcome SC’s AI rules against ‘algorithmic justice’The Supreme Court has released a draft framework for AI in courts, aiming to balance innovation with judicial safeguards. The proposed regu...
Curbs on ads by accounting firms lifted: ICAIThe Institute of Chartered Accountants of India has updated its ethics code. This allows chartered accountants and their firms to advertise...
UN says protecting children online an 'urgent priority'The United Nations is demanding tech companies prioritize child safety on their platforms. Officials state that business practices and desi...
Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh inSebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This...
RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
Karnataka plans to set up drone testing hub near BengaluruKarnataka is set to establish a dedicated drone flight testing facility near Bengaluru. The state aims to streamline regulations and attrac...
Nasscom flags continued hybrid work as IT firms brace for West Asia impactIndia's tech industry is stepping into a new era with hybrid work models becoming the norm. In response to global disruptions and energy su...
Govt moves fast on student union polls, parties’ student units seek early rolloutKarnataka government is moving forward with forming student unions. Consultations are underway with student groups from various political p...
Who is Nida Khan? HR manager at centre of TCS Nashik probe over harassment, POSH lapsesAn HR manager at a TCS BPO unit in Nashik, Nida Khan, is under scrutiny as a widening investigation into alleged sexual harassment and coer...
CAs may soon get to advertise their firmsThe Indian government is likely to amend the Chartered Accountants Act, 1949, to ease advertising restrictions for CAs and their firms. Thi...
Government puts guidelines for coaching institutes in public domain, seeks commentsThe Central Consumer Protection Authority (CCPA) conducted a stakeholder’s consultation on Misleading Advertisement in Coaching Sector in J...
IAMAI wants a say in framing of OTT streaming guidelines in IndiaInternet and Mobile Association of India (IAMAI) has expressed disappointment over the government’s approach towards framing content guidel...
Small-bank rules accommodative, to attract applicants: AnalystsAnalysts have welcomed the RBI's final guidelines for setting up small finance banks (SFBs) and payments banks (PBs), saying it will genera...
- Reserve Bank of India deputy expects new bank licence rules 'very soon'
The Reserve Bank of India will arrive at a mutual decision on banking licence rules with the finance ministry, and consultations are nearin...
- Guidelines on coal block auction likely in 2-4 months, says Sriprakash Jaiswal
Government is almost ready to auction coal blocks through competitive bidding and the guidelines for this are likely in 2-4 months, Coal Mi...
Corporates, including the Tatas, Ambanis, Mahindras, Birlas and Bajaj Group, rush to ensure eligibility for banking space entryThe interested parties have already started working on their readiness and adherence to the terms and conditions put forth by the RBI.