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Ahmedabad (Gujarat): Infosys founder NR Narayana Murthy on Friday said that scholarships are a very important tool of recognition and necessary for youngsters to excel in their careers. Infosys Founder NR Narayana Murthy's Statement "To provide an opportunity to people who excel in whatever they do, you need incentives. At this point, thanks to the PM, we have lofty ambitions and big dreams. Everyone accepts that we should encourage anyone who excels in any area or on any occasion. Therefore, ...Read More >
New Delhi, Jun 27 (PTI) Finance Minister Nirmala Sitharaman on Friday asked public sector banks (PSBs) to deepen corporate lending in productive sectors while ensuring robust underwriting and risk management standards. The finance minister's direction comes weeks after the RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra, lowered the benchmark repurchase or repo rate by a massive 50 basis points to 5.5 per cent. It also slashed the cash reserve ratio by 100 basis ...Read More >
Gandhinagar (Gujarat) [India], June 27 (ANI): Infosys founder NR Narayana Murthy visited the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar on Friday and lauded the rapid progress being made, expressing appreciation for the world-class infrastructure and the growing number of international companies establishing operations there. During his visit, he held a detailed meeting with GIFT City Chairman Hasmukh Adhia, GIFT City Managing Director and Group CEO Tapan Ray, and K Rajar ...Read More >
Mumbai, June 27 (SocialNews.XYZ) To ensure fair market prices and increased income for farmers, the Maharashtra government, on Friday, launched a hedging desk in Pune under the first phase of the Balasaheb Thackeray Agribusiness and Rural Transformation (SMART) Project, officials said. This desk will initially focus on cotton, turmeric and maize crops. Over a period of time, the initiative will be expanded to include more crops, officials added. With the support of the National Commodity and ...Read More >
New Delhi, July 26 (SocialNews.XYZ) National Stock Exchange (NSE) Chief Business Development Officer Shriram Krishnan said on Thursday that electricity futures contracts can play a vital role in helping businesses manage and control their power costs effectively. In an exclusive conversation with IANS, Krishnan explained that electricity futures allow buyers to lock in power prices for future dates. "This helps fix electricity costs in advance. If, in the future, spot electricity prices rise b ...Read More >
New Delhi: Principal Secretary to the Prime Minister, PK Mishra, has emphasised the urgent need to address extreme heat as a global crisis, echoing the call from the UN Secretary-General. Delivering the keynote address during the Special Session on Extreme Heat Risk Governance at Geneva on Friday, he underlined that rising temperatures pose a systemic risk to public health, economic stability, and ecological resilience, according to a PMO statement. India welcomes the UNDRR's initiative to adva ...Read More >
Principal Secretary to the Prime Minister, Dr. P. K. Mishra has said that India has taken a proactive and forward-thinking approach to extreme heat risk management. Addressing the special session on Extreme Heat Risk Governance at Geneva he underlined that rising temperatures posing a systemic risk to public health, economic stability, and ecological resilience. Dr. Mishra said that India welcomes the United Nations Office for Disaster Risk Reduction (UNDRR) initiative to advance the common fra ...Read More >
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX sa ...Read More >
MUMBAI (Reuters) -Billionaire Mukesh Ambani-led Reliance Group and U.S.-based BlackRock have received approval from India's markets regulator to start operations for their mutual fund business, the Indian company said on Tuesday. Jio Financial Services, a part of the Reliance Group, had in July 2023 announced the formation of a 50:50 joint venture with the world's largest asset manager to launch asset management services in India. The JV, Jio BlackRock Asset Management, plans to launch a range ...Read More >
Mumbai (Maharashtra) [India], May 27 (ANI): Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received regulatory approval from the financial markets regulator SEBI to commence operations as an investment manager for their mutual fund business in India, a statement said Tuesday. JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institution ...Read More >
New Delhi, May 22 (PTI) Markets regulator Sebi will issue directions this month over expiry of equity derivatives contracts after analysing the comments on the consultation paper, its chairman Tuhin Kanta Pandey said on Thursday. Sebi, in its consultation paper issued in March, proposed that the expiries of all equity derivatives contracts across exchanges be uniformly limited to either Tuesdays or Thursdays. This would help optimize the spacing between expiries and avoid designating either the ...Read More >
NEW DELHI: Coursera, Inc., one of the world's largest online learning platforms, unveiled its annual learner trends for India, based on insights from over 27 million registered learners. This year, India surpassed Europe in the total number of learners on Coursera, highlighting the ambition and commitment of Indian learners to upskill and stay competitive in a rapidly evolving global workforce. Two key trends emerged in 2024: an unprecedented demand for GenAI learning and a growing preference fo ...Read More >
The project will help develop a state-wide WHS master plan considering micro catchment areas and disaster risk management. This will guide the creation of water security plans at the village level to be managed by the village employment councils, watershed management committees and water users' associations. The project will support the construction of 532 small water-storage facilities across 12 districts. These facilities will incorporate climate-resilient designs to capture and manage heavy ...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 >
Today marks a milestone for New Zealand's port and maritime sector as the Approved Code of Practice for Loading and Unloading Cargo at Ports and on Ships (ACOP) officially comes into effect. The launch was celebrated by Workplace Relations and Safety Minister Hon Brooke van Velden and Associate Minister of Transport Matt Doocey, signaling a significant step towards enhancing workplace safety across the industry. The ACOP addresses long-standing inconsistencies in safety practices across the cou ...Read More >
Key words: Administrative fine, Data subject rights, Personal data breach, Accountability, Data security, Sensitive data The President of the Personal Data Protection Office has imposed a fine on the "Stop LGBT" Legislative Initiative Committee for the way it conducted the collection of signatures. This was because the lists with signatures for the project banning assemblies on LGBT rights were left lying unsecured in the church. According to information received by the DPA, the "Stop LGBT" Le ...Read More >
Balaji Govindarajan is a seasoned professional with over 20 years of extensive experience in the insurance domain, particularly focusing on Property and Casualty Insurance. His expertise encompasses planning and executing large-scale end-to-end testing, integration projects, and legacy system migration. He has successfully led numerous initiatives that enhance operational efficiency and compliance with industry standards. Balaji's experience encompasses functional and automation testing of crit ...Read More >
MUMBAI, India, Nov. 27, 2024 /PRNewswire/ -- Liberty General Insurance, one of India's leading general insurers, has partnered with Profectus Capital to support Micro, Small, and Medium Enterprises (MSMEs), by providing them with access to tailored insurance solutions. This collaboration aims to enhance financial security for businesses, allowing them to focus on growth and sustainability with peace of mind. Through this partnership, Liberty General Insurance seeks to address the risks faced by ...Read More >
By Shankar Bhaskaran, Managing Director - India, MetricStream In recent years, operational risk management (ORM) has garnered significant attention from banking and financial services (BFS) regulators. The increasingly unpredictable operational landscape -- characterised by fluctuating business prospects, a rise in regulations and updates, escalating service costs, and internal challenges such as operational lapses, fraud, and employee disengagement -- has created a pressing need for robust ope ...Read More >
To print this article, all you need is to be registered or login on Mondaq.com. The Central Bank is the regulatory authority responsible for the authorisation and supervision of all regulated investment funds in Ireland. In order for a UCITS to be authorised by the Central Bank various fund documents need to be put in place which meet the Central Bank's requirements. Some of these fund documents are reviewed by the Central Bank in advance of the final application being made for authorisation of ...Read More >
Aave, the leading decentralized finance (DeFi) lending and borrowing protocol, has integrated new oracles from Chaos Labs to automate its risk management system. This is the first time in the protocol's history that DAO has approved the use of a second Oracle network beyond Chainlink. Aave is the biggest lending protocol with $18.44 billion in total value locked (TVL), according to DefiLIama. Generally, Oracles feed external data and information to smart contracts, including the prices of asset ...Read More >
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