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GLOBAL FINANCIAL SYSTEM
AI-driven cyber risk is top concern for global financial stability, watchdog saysIn a letter to G20 finance ministers and central bank governors ahead of meetings this week, Bailey, who also serves as the Bank of England...- MapmyIndia, ClarityX launch Geo-FI AI platform for lending risk and collectionsMapmyIndia and ClarityX have launched Geo-FI, a new geo-intelligence platform. This platform will help banks and financial institutions mak...
- Financial institutions confront a new operating reality as markets become more continuousThe evolution of financial markets is shifting towards a digital and continuous landscape, compelling institutions to recalibrate their str...
- Why India’s new closing auction is agonising traders: Q&AIndia’s new 20-minute closing auction system is facing renewed scrutiny after the Sensex briefly plunged nearly 3% during Thursday’s sessio...
- AI cyber risk is biggest immediate threat to global financial stability: FSB chair Andrew BaileyFinancial Stability Board Chair Andrew Bailey highlighted AI's immediate cyber risk concerns. He warned AI could accelerate cyberattacks, i...
- Indian IT companies may see growth recovery from FY27 as AI spending shifts to enterprise adoptionIndian IT firms anticipate robust growth starting FY27. Global technology spending will shift towards AI deployment and integration. This t...
- SWIFT system explained: How international money transfers workIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
- AI ecommerce projects may fail without clean, centralised data: ReportThe report said data readiness is one of the biggest factors determining whether AI projects move beyond experimentation and deliver measur...
- Manufacture in India, build for the world: Sitharaman urges global investorsIn a strategic appeal, Finance Minister Nirmala Sitharaman encouraged global investors to set up manufacturing and innovation centers in In...
- Enterprise AI needs custom fitCompanies struggle to achieve business outcomes from significant AI investments. Unprecedented AI capabilities require a 'harness' to conve...
- 20 economies, 2 days and Trump’s G20 agenda — including Iran tiesThe US Treasury plans to address global trade imbalances and boost economic growth. Secretary Bessent will urge major economies to cut rema...
- Persistent Systems’ strong deal wins boost outlook, acquisition costs pose riskFollowing a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the...
- Closer India-Canada economic cooperation gains importance amid global uncertainty: SitharamanIndia and Canada are strengthening economic ties amid global uncertainty. Finance Minister Nirmala Sitharaman highlighted the need for deep...
- India emerging as global production, innovation and services hub: FM Nirmala SitharamanIndia is emerging as a global manufacturing and innovation platform for exports. Canadian capital and technology can partner with India's s...
- Iraq may show how U.S. can squeeze Iran's trade partnersThe United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with...
- China's Geely used 800 engineers and AI to create a modular EV manufacturing system; Ford is now applying it in Spain, aiming to slash development time and costs by half without building the system itselfFor decades, Western automakers entered Chinese joint ventures primarily to secure access to local buyers. That dynamic has quietly inverte...
- From D-Day to economic war: US invokes World War II in Iran sanctions pushThe United States has initiated a significant economic campaign against Iran. This operation aims to isolate the nation from global financi...
- Samsung, SK Hynix stand to benefit as Nvidia AI server costs surgeServer manufacturers notified major data center customers, including Microsoft, Google, and Oracle, that prices for Nvidia-based AI systems...
- Iran vows to retaliate after US widens sanctionsIran has vowed to retaliate against expanded US economic sanctions, warning Washington of attacks on vital interests and energy chokepoints...
- SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 croreSoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu D...
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