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Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in I ...Read More >
Artificial Intelligence (AI) is revolutionising banking by doing more than just improving operations. Generative AI is leading this change, offering innovative tools that enhance customer engagement and support smarter decision-making. A KPMG report from April highlights that 71% of financial organisations globally are using AI, with 41% applying it extensively. Advanced economies like the US, Germany, and Japan are leading in AI adoption, while emerging markets show mixed progress. China and In ...Read More >
Bengaluru, December 3 (IANS): HealthCare Global Enterprises (HCG) on Tuesday announced a partnership with Accenture to accelerate cancer research and care through advanced AI, including generative AI and deep learning. The collaboration will combine Accenture's global expertise and talent in data and AI including AI/ML, generative AI, and quantum computing while taking deep clinical insights from HCG in oncology to enable early detection and treatment for various types of cancer. Accenture wil ...Read More >
"One is more automation, much more than what it was, much more complexity can be handled. Acceleration in terms of efficiency and then augmentation, able to do more new activities, more new capabilities which were not possible earlier," says Achyuta Ghosh, Nasscom. Given that we have seen the AI picking up, what does the kind of growth numbers really suggesting in the Indian context? Achyuta Ghosh: GenAI overall the technology will be a net positive for the tech sector. We did some work la ...Read More >
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