Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
'AI may perform tasks, but deep expertise and specialisation remain uniquely human.'
The report also referred to Prime Minister Narendra Modi's visit to Israel in July 2017.
Regulators must learn from past mistakes and act swiftly to prevent Big Tech from monopolising the AI ecosystem, argue Payal Malik and Nikita Jain.
The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.
Operation Radd-ul-Fasaad launched to fight terrorism across country.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry. Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources. The company has said it is aligning its business and talent to the changing market environment.
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
Noting that the Indo-Pak ties "remain tense", the US intelligence chief said India's engagement with Pakistan hinges on Islamabad's willingness to act against those responsible for the Pathankot terror attack.
Uber may be in the midst of a major controversy over a rape incident in India, but Infosys' CEO Vishal Sikka feels that digital services like this app-based taxi provider have huge potential in the country.
According to sources, the attack on the servers of AIIMS-Delhi is suspected to have originated from locations in China and Hong Kong.
To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.
With poll fever gathering steam, business is booming for New Delhi's detective agencies as politicians, especially aspiring candidates, are hiring private eyes to spy on their rivals and even colleagues.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
'In India, the GenAI startup ecosystem is unfolding with remarkable speed, signalling a new era of technological advancement and investment opportunities.'
He said that Canada recognises the impact that some of these measures may have and at the same time it's another reason why he placed such emphasis on the investigation that's taking place that they are able to move beyond credible intelligence to evidence, strong evidence of exactly what happened.
Before framing regulations to curb 'misleading' messages and stock recommendations by finfluencers (a portmanteau of the phrase 'financial influencers'), the market regulator plans to put in place some 'building blocks' to ensure smooth enforcement. Madhabi Puri Buch, chairperson of Securities and Exchange Board of India (Sebi), is of the view that the 'traditional approach may not work' to rein in finfluencers. "There are many interlinked pieces in our regulations - investment advisor regulations, research analyst regulations, the fact that we don't have algorithmic (algo)-related regulations, what brokers are permitted to do, and what is incidental advice.
The seizure, as per officials, is estimated to be worth over Rs 10 crore in the international market (about Rs 5K-7K per blot) and all the six who have been taken into custody, beginning late last month, are students and youngsters who wanted to make 'easy money' by remaining anonymous within the deep layers of secret internet-based apps and messenger service like WICKR.
The five-day event will include aerial displays by aircraft and helicopters along with a large exhibition and trade fair of aerospace and defence companies.
16 Indian Army divisions face China, 20 face Pakistan and two divisions are reserves. This powerful signal can hardly be missed in China or Pakistan, notes Ajai Shukla.
Infosys co-founder NR Narayana Murthy on Thursday called out "fake news items", which claimed he endorsed automated trading applications and warned the public not to fall for such fraudulent claims. He also slammed "fake interviews" that used "deepfake pictures and videos" of him. In a series of posts on X, Murthy drew the attention of the public to false content being put out by malicious sites and products or services being sold fraudulently using his name and urged people to report any such instances to the concerned regulatory authorities.
"If I am using data to build intelligence and personalisation for you, then it's meaningful," says Ankur Warikoo, co-founder and CEO, Nearbuy.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
This year will be the one when GenAI becomes a part of the daily lives of people around the world.
'This Lok Sabha election is more of a trial for GenAI content.'
'As Rana is not an Indian citizen, our leverage on the US system -- whether it's their judiciary or the executive -- is very limited in that sense.'
A candid dialogue between India and Pakistan's security establishments and intelligence services is the only way to move forward for both countries in securing peace, said Mahmud Ali Durrani, Pakistan's former national security advisor and ex-ambassador to United States. While giving the first memorial lecture in memory of R.K Mishra, founder of Observer Research Foundation in New Delhi, Durrani sketched the plan for bridging the gap between two countries.
'By making it so public in the House of Commons, you know the reaction in India... Mr Modi is not very happy about it; you're kicking out Canadian diplomats; you suspended visa services for Canadians...'
The attack on the computer server of All India Institute of Medical Sciences (AIIMS) in Delhi was carried out by Chinese hackers, a senior government source said on Wednesday adding that data in the five servers have been successfully retrieved now.
'GenAI has democratised the AI conversation. I do not know of a single client who is not interested in that conversation.'
They also slammed the "violent rhetoric" against India's Ambassador to the US Taranjit Singh Sandhu and said free speech does not mean a license to incite violence or vandalise property.
Intelligence agencies have traced the origins of the fake currency that is being used to fund terror activities in India. IB officials have specific information that fake Indian currency is being printed in Karachi, Quetta and Lahore, under the patronage of Pakistan's Inter Services Intelligence.IB officials have already warned the Centre about fake currency making inroads into the Indian economy through Nepal and Bangladesh.
The government is likely to order a Central Bureau of India inquiry into the alleged unauthorised operations and financial wrongdoings by a top secret intelligence unit set up by then Army chief Gen V K Singh.
Various government agencies are probing an incident of the All India Institute of Medical Sciences-Delhi's server remaining out of service for the second consecutive day.
While Pakistan enjoys rough parity with India in legacy weapon systems, it is beginning to enjoy superiority in drone warfare, thanks to the RPVs supplied by China, explains Ajai Shukla.
Adlakha was transported to UC Medical Center where he was in critical condition and was pronounced dead two days later.
'AI is not a new thing for us. We started our AI journey in 2015.'
'The last thing he would want is new tensions with India.'
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