Markets regulator Sebi is actively working with the Ministry of Finance and other financial regulators on setting up a centralised KYC (Know Your Customer) system, chairman Tuhin Kanta Pandey has said. The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions.
The TIME 100 AI list is an interesting assortment of titans. Indians make up about 20 per cent of the coveted list, which is pretty commendable, notes Sandeep Goyal.
Life Insurance Corporation of India (LIC) reported encouraging results for the April-June quarter (Q1) of FY26. The net premium income of India's largest life insurer was Rs 1.2 trillion, up 5 per cent year-on-year (Y-o-Y), in Q1. Renewal premium grew 6 per cent Y-o-Y to Rs 59,900 crore, while first-year and single premium grew 1 per cent and 4 per cent Y-o-Y respectively to Rs 7,500 crore and Rs 51,900 crore.
It added that as per international protocols under the International Civil Aviation Organisation, all information on the investigation will be provided by the government of India.
Having marked a 20-year milestone in India, global tech giant Google is upbeat about its next innings here with Artificial Intelligence (AI) playing a big role in it, India MD Roma Datta Chobey said on Thursday, adding that the company is aligning its vision and strategy fully to the country's growth and ambitions. In an interview to PTI, Chobey said Google believes that AI should be regulated but in a way that strikes a fine balance between user benefit -- which is "still at a nascent stage" -- and at the same time, fosters innovation.
The three officials include a divisional vice president of the airline, as per the DGCA order.
While Air India cancelled six international flights due to aviation regulator DGCA subjecting its Dreamliner fleet to enhanced checks, the Ahmedabad-London Gatwick one was cancelled due to unavailability of aircraft, the airline said.
'They will cover up the failures of all the others.'
'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'
Soon after the takeoff, the pilot of ill-fated Air India aircraft gave a Mayday call to the Ahmedabad air traffic controller.
In a world that needs more connection, learn how to break free from loneliness, build meaningful relationships, and improve your health.
Algorithmic management (AM) in India has led to a decline in job quality, with "clear" evidence of increased monitoring, surveillance and work intensity, noted International Labour Organisation (ILO) in its latest report.
The DGCA has asked airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes after a preliminary probe report into the Air India crash found that the switches were cut off before the accident.
'In multi-pilot operations, no critical switch can be moved without the other pilot's consent.'
As many as 86 per cent of senior business executives have deployed artificial intelligence (AI) to enhance revenue streams or create new ones, said a report by Tata Consultancy Services (TCS) on Wednesday. As many as 69 per cent of businesses are more focused on using AI for innovation and increasing revenue than on improving productivity and optimising cost, said the 'TCS AI for Business Study'.
A five-member team, headed by Sanjay Kumar Singh, is probing the fatal crash of the Air India aircraft last month in Ahmedabad that killed 260 people. The Aircraft Accident Investigation Bureau (AAIB) has released its preliminary report and appointed the team.
Many who track the ministry and the technology sector closely believe that the space won't see much impact on the policymaking side, but the gestation time for regulations might get long, as now there could be a wider consensus-building exercise on policy matters under a coalition government.
'In those 10 seconds, they even made a MAYDAY call -- which is only issued in case of a serious, imminent emergency.'
Air India has denied claims that a wheelchair was not provided to an 82-year-old woman at Delhi airport, leading to her fall. The airline says the passenger was not denied assistance and was given immediate first aid after the incident. The granddaughter of the passenger had alleged that the airline provided poor treatment and that her grandmother was not allocated a wheelchair for almost an hour. Air India, however, stated that a wheelchair could not be provided within 15 minutes due to high demand. The incident occurred on March 4, and the passenger later boarded the flight to Bengaluru.
In a pump and dump operation, fraudsters artificially inflate the price of a stock by spreading misleading or false information, creating a frenzy among unsuspecting retail investors.
'Indian players in the digital market should not be dominated by global players, and they should not dominate the smaller players -- these discussions are on.'
They don't just want better returns -- they're looking for global opportunities, more variety and smarter ways to grow their money, says Soubho Moulik, CEO, Appreciate.
Former US President Obama was featured wearing a number of ensembles some gladiator-inspired and a basketball one among others.
The specific reasons for the crash of the Boeing 787-8 aircraft flying from Ahmedabad to London Gatwick will be known only after the completion of the detailed probe by the Aircraft Accident Investigation Bureau.
The Aircraft Accident Investigation Bureau (AAIB) is expected to release its preliminary report this week on the Air India plane crash in Ahmedabad, which resulted in the deaths of at least 260 people. The investigation is ongoing, with the help of foreign experts, and the black box and voice recorder data are being analyzed.
'This Lok Sabha election is more of a trial for GenAI content.'
'In this age of competition, we will not survive long if we do not provide quality service to our consumers'
'A Mayday at 600-800 feet followed by descent to 450 feet suggests the pilot still had control.'
Calling out the need for a global consultative approach towards the creation of regulations around artificial intelligence (AI), Rajeev Chandrasekhar, minister of state for information technology, said India has taken the lead in framing such regulations. He also stated that these frameworks will be presented by June-July this year. "India has taken the lead in creating this draft paper.
'We also realised that locking customers to our Cloud was not fair to them.'
Your AMC shuts shop. Panic? Wait. What happens next isn't what most fear.
'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
While advancements in biotechnology hold immense promise for health and innovation, they also come with significant risks if misused.
After the success of bringing businesses to WhatsApp, Meta - its parent - is now introducing ads and subscriptions to Status and Channels under the Updates tab of the messaging app, the company said on Monday. This move will further push its monetisation efforts on WhatsApp.
'Its nature changes, new types of jobs are created.' 'We need to invest in skilling and re-skilling our people for an AI-driven future,' Prime Minister Narendra Modi said in his opening speech at the AI Action Summit in Paris, co-hosted by India.
'Binary fission will happen -- startups will lead to more startups.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
Cheaper ripoffs was how China powered its way as an economic superpower but hitherto the tech realm had remained out of bounds. With DeepSeek's AI model the West, it seemed, was about to lose its competitive edge in cutting edge generative AI technology. And this is what is causing deep furrows in the forehead of tech titans in Silicon Valley.
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