Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
OpenAI has appointed Prabhjeet Singh as its Managing Director for India, a key market for the AI company. Singh, formerly President of Uber India and South Asia, will oversee consumer growth, enterprise adoption, partnerships, and regulatory engagement, reinforcing OpenAI's commitment to India's rapidly expanding AI ecosystem.
Despite the Reserve Bank of India's (RBI) and the government's recent initiatives to attract foreign capital, which are expected to alleviate pressure on long-duration bonds, most debt fund managers are maintaining a cautious stance, favouring shorter-duration papers due to global uncertainties and potential future rate hikes.
Delhi Police have launched a massive manhunt for Jay Mishra, a key figure in the management of a Malviya Nagar hotel where a devastating fire killed 21 people. Multiple teams are deployed across Delhi and neighbouring states, using technical surveillance to trace him and other hotel staff as part of the ongoing investigation into safety compliance and the circumstances of the tragedy.
The Bangalore Water Supply and Sewerage Board (BWSSB) is set to explore the use of AI, predictive analytics, and robotic inspection technologies to detect water theft, reduce leakages, and improve operational efficiency across Bengaluru's water distribution network.
Former Bournemouth boss Andoni Iraola will take over as Liverpool's manager on a two-year deal, the Premier League club said on Thursday.
Delhi Police are searching for hotel manager Jai Mishra following a devastating fire that killed 21 people in Malviya Nagar. Hotel owner Lavkesh Bajaj has been arrested and claims Mishra managed the hotel and held the licenses. Investigators are probing potential licensing violations, as the hotel allegedly operated 25 rooms with permission for only six.
A former life insurance manager in Thane has been sentenced to two years in jail for defrauding people of over Rs 3.51 crore with false promises of high returns on stock market investments.
Ben Stokes defended England's decision to rest Jofra Archer for the opening Test against New Zealand at Lord's after the fast bowler's Indian Premier League stint, with the captain warning that mishandling such situations could drive players away from international cricket.
Shots were allegedly fired outside the residence of Diljit Dosanjh's manager in Karnal, with a social media post linked to the Lawrence Bishnoi gang claiming responsibility. The incident has sparked a political row between AAP and BJP, with allegations of intimidation tactics.
A 70-year-old man accused of a brutal robbery and extortion attempt in Delhi's Dwarka, during which he allegedly chopped off both thumbs of an event manager, has been arrested after evading capture for nearly six years.
A social media post allegedly linked to the Lawrence Bishnoi gang has claimed responsibility for a firing incident outside the residence of Punjabi actor-singer Diljit Dosanjh's manager in Haryana's Karnal.
Xabi Alonso will take over as Chelsea's new manager, the Premier League club said on Sunday, with the Spaniard signing a four-year deal beginning on July 1.
The Securities and Exchange Board of India (Sebi) has proposed a new framework to manage strike prices for options contracts, aiming to ensure continuous availability of suitable contracts even during sharp intraday market swings. This move addresses concerns that extreme price movements can leave traders without appropriate options for hedging or positioning.
Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
Carlo Ancelotti has extended his contract as the manager of the Brazilian national football team until the 2030 World Cup.
Police are investigating claims of a firing incident outside the residence of Diljit Dosanjh's manager in Karnal, allegedly at the behest of gangster Lawrence Bishnoi's aides. The incident has sparked a political row, with AAP accusing BJP of intimidation tactics after Dosanjh declined to join the party.
Manchester City has announced Enzo Maresca as their new manager, succeeding Pep Guardiola. Maresca, who previously coached City's youth team and served as assistant coach, returns to the club after guiding Leicester City to the Premier League title. He faces the significant challenge of maintaining City's dominance following Guardiola's highly successful decade-long tenure.
Football legend Zlatan Ibrahimovic heavily criticised Netherlands manager Ronald Koeman following their penalty shootout loss to Morocco, stating that the team lost its traditional identity under his leadership, which made him "angry". Morocco advanced to the Round of 16 after a dramatic 1-1 draw and a 3-2 penalty victory.
A new study reveals that individuals who struggle with identifying and describing emotions may experience increased disruption to daily activities due to pain, stemming from heightened psychological distress.
Investors now have 27 passive smallcap funds to choose from 17 index funds and 10 ETFs.
Portugal and Croatia face off in a high-stakes Round of 32 clash in Toronto on Thursday, with Cristiano Ronaldo and Luka Modric both eyeing a deep World Cup run in what could be the final chapter of their legendary international careers.
'Integrating yoga, meditation and other stress management strategies with standard medical treatment can help improve both physical and emotional health outcomes in women with PMOS.'
Former India wicketkeeper Syed Kirmani reckons selectors missed an opportunity by leaving teenage batting prodigy Vaibhav Sooryavanshi out of the Ireland T20Is, and says he should now be backed for the white-ball series against England, starting on Wednesday (July 1).
The Indian cricket team faces a significant selection challenge regarding the inclusion of 15-year-old prodigy Vaibhav Sooryavanshi, especially after recent losses to Ireland. The article explores various scenarios and opinions, including Sunil Gavaskar's strong recommendation, on how to integrate Sooryavanshi into the playing XI for the upcoming T20 series against England without disrupting the team's balance.
IIT Ropar's ANNAM.AI, in collaboration with Syngenta and Google, has launched 'HACK CORE 2026', a national AI hackathon. It invites innovators to develop AI-driven solutions for critical agricultural challenges like crop health, pest management, and climate-resilient farming, offering significant prizes and mentorship.
Indian companies LTM and Mastek announced new international partnerships for cloud, AI, and digital transformation. Jio BlackRock AMC launched a new hybrid fund. NMIMS partnered with Coursera for AI-enabled learning, and MakeMyTrip Foundation rebuilt a flood-damaged school in Manali.
Despite backing from the team management, Washington Sundar's inconsistent usage with both bat and ball has raised questions over his undefined role, with Ravichandran Ashwin urging India to utilise him more clearly as a genuine all-rounder.
Dhaka and Beijing on Thursday agreed to strengthen cooperation on the management of the Teesta and other rivers and signed 13 agreements to bolster bilateral ties following talks between Bangladeshi Prime Minister Tarique Rahman and Chinese Premier Li Qiang.
Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.
Investigators recovered nearly Rs 80 lakh in cash and some foreign currency from six of the accused.
Zimbabwe secured a dominant innings and 85-run victory over Bangladesh in their one-off home Test match in Harare, marking their biggest Test win. Fast bowlers Blessing Muzarabani and Richard Ngarava led the attack, dismissing Bangladesh for 185 in their second innings.
Former Liverpool manager Jurgen Klopp criticised the VAR decision that disallowed Jonathan Tah's goal, leading to Germany's early exit from the FIFA World Cup 2026. He also took a dig at Arsenal regarding their set-piece goals, suggesting many would be ruled out if Tah's goal was illegal.
Four individuals, including two bank managers, have been arrested in Telangana for allegedly siphoning off Rs 2.65 crore from a state-owned bank branch in Nalgonda district.
Seers in Ayodhya are demanding that bureaucrats be excluded from the Shri Ram Janmabhoomi Teerth Kshetra Trust following allegations of donation embezzlement and the resignations of two key members, Champat Rai and Anil Mishra. While some seers call for the trust to be run solely by religious figures to prevent corruption, others defend the integrity of the resigned officials, highlighting a division within the spiritual community regarding the trust's management and accountability.
Star Indian all-rounder Hardik Pandya has made the unprecedented move of permanently shifting his training base to the BCCI's Centre of Excellence (COE) in Bengaluru. This decision aims to leverage the COE's facilities for injury rehabilitation and skills training throughout his career, marking a significant shift from traditional player practices.
Tata Motors is set to acquire Italy's Iveco Group, a strategic move aimed at propelling the Indian automaker into the top four global commercial vehicle (CV) manufacturers, with projected annual revenues of $35 billion-$40 billion within five years.
The Faizabad Bar Association in Ayodhya has resolved that its members will not represent the eight individuals accused of embezzling donations from the Ram Temple, imposing a Rs 5 lakh penalty on any lawyer who violates this decision. The association also demanded that Champat Rai, Anil Mishra, and Gopal Rao, associated with the temple management, leave Ayodhya within three days, threatening a city blockade if they do not comply.
Noel Tata, a veteran of the Tata group, announced his decision to step down as the chairman of Voltas, following a similar move at Trent, citing the development of a new generation of leaders within the company.
Vaibhav Sooryavanshi's possible T20I debut and India's batting struggles after the Ireland whitewash dominate the build-up to the five-match series against England, where testing conditions await Shreyas Iyer's side.
