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India should not just participate but steer the ongoing AI revolution, and mobilise the powerful technology to bring the nation to the forefront of the global stage, the country's G20 Sherpa Amitabh Kant said on Thursday. «We're truly in a unique moment with the ongoing AI revolution. Its relentless advancing capabilities across the board, its increasing adoption by citizens, and most importantly, its potential to redefine the very fabric of industry and society marks this as a transformative era,» the former NITI Aayog CEO said at the Global IndiaAI Summit here. Citing industry body nasscom, Kant said 70 per cent of Indian startups prioritise AI to drive their growth, thus underscoring the critical role of AI in the startup ecosystem. «India proudly holds the position of having the second highest number of GitHub AI projects globally, accounting for 19 per cent of worldwide AI projects. this demonstrates a vibrant and active engagement in AI development on an international scale.

A national financial advisor and investment management firm has hired an experienced leader to enhance its estate planning capabilities.

Emcure Pharmaceuticals jumped 4% to Rs 1,384 after a strong debut on the exchanges on Wednesday. The stock is listed at Rs 1325 on NSE and BSE over the IPO price of Rs 1008 apiece, a premium of Rs 317 or 31.4% as against the issue price. The enthusiastic listing was kind of expected after it received an overwhelming response, as the issue was subscribed to a whopping nearly 68 times.

Argentina designated Hamas a terrorist organisation on Friday and ordered a freeze on the financial assets of the Palestinian group, a largely symbolic move as President Javier Milei seeks to align Argentina strongly with the US and Israel. Announcing the decision, Milei's office cited the militant Palestinian group's cross-border attack on Israel last October 7 that killed some 1,200 people and took 250 others hostage, in the deadliest assault in Israel's 76-year history. The statement also mentioned Hamas' close ties to Iran, which Argentina blames for two deadly militant attacks on Jewish sites in the country. The move comes just days before the 30th anniversary of one of those attacks, the 1994 bombing of a Jewish community centre in Buenos Aires. It killed 85 people and wounded hundreds more in the worst such attack in Argentina's modern history.

Singapore investor Temasek expects India's growth to remain firm over the next two years, driven by infrastructure-led capital expenditure, and a recovery in private consumption.Temasek on Tuesday reported an SGD 7 billion rise in its Net Portfolio Value (NPV) to SGD 389 billion for the financial year ended March 31, 2024, mainly driven by gains to the US and India investments. India has continued to see strong economic momentum alongside improving macro and political stability, the company said in a statement.

RBI. To achieve India’s ambitious growth objectives and fulfil India’s Nationally Determined Contributions, green finance is imperative. Climate risk disclosure frameworks work in complement with policymaking to support India’s net-zero target and are also pivotal in guiding companies and investors to navigate the opportunities and risks posed by climate change. The introduction of the disclosure framework is a laudable first step, signalling a concerted effort towards addressing climate risks and fostering climate action within the financial sector. These disclosures are poised to accelerate the evolution of Environmental, Social, and Governance (ESG) considerations in financial markets. Modelled on global standards like the Task Force on Climate-related Financial Disclosures (TCFD), they promise interoperability of data (especially relevant for companies operating globally) and reduce operational burdens for banks. Moreover, they foster a level playing field not only for comparison within the domestic financial system but also internationally.

A new challenger has entered the RIA space, and it’s focusing its efforts on the unique needs of advisors looking to break away from captive broker-dealers.

Joe Biden's debate performance. Amid the swirling uncertainties, discussions among top Democratic circles are already shifting towards the prospect of Vice President Kamala Harris potentially leading the party's ticket in the upcoming election, CNN reported. Many leading party figures, operatives, and donors are increasingly convinced that Biden's efforts to rejuvenate his campaign may not suffice. Close allies express scepticism about his ability to lead a successful re-election bid, according to CNN's conversations with numerous Democratic politicians and strategists. While Biden often urges not to measure himself against perfection but against the alternative, an expanding contingent within the Democratic ranks is starting to evaluate Harris as a viable alternative.

Bihar is planning to introduce a few policies in the next 2 months to attract capital in various potential sectors and is poised to become the growth engine of the East, State Industries and Tourism Minister Nitish Mishra has said. The state is implementing strategic measures to suit both large and small businesses in order to promote industry and employment, aligning with Prime Minister Narendra Modi's vision to develop East India as a growth engine, he said. «Bihar is ready to participate in the country's development and become the growth engine of the East,» Mishra said on the sidelines of Bihar Business Connect 2024 first roadshow in Kolkata on Monday. Over 50 companies represented by some nearly 90 officials and industrialists attended the event.

staffing industry and human resources (HR) industry is anticipating significant tax breaks and increased investment in skill development from the upcoming budget for FY25, which union finance minister Nirmala Sitharaman is expected to present on July 22, 2024. Currently, the Goods and Services Tax (GST) on employment services in India stands at 18%, applicable to a broad range of services, including executive search and recruitment services, permanent placement services, and contract staffing services. According to Suchita Dutta, executive director at the Indian Staffing Federation (ISF), employment-related services should be considered under ‘merit services’ with a 5% GST.

Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Savings+ facility. This facility will be an innovative product aimed at helping retail investors with a smarter way to manage their idle money in their savings account. The facility allows investors to identify surplus cash in their savings accounts and invest the same in Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund, offering competitive returns and the convenience of liquidity. In comparison to traditional savings accounts, liquid funds have delivered an impressive 7.17% return between July 1, 2023, and June 30, 2024. This return is higher than the average savings account interest rate. Through this facility, investors can also enjoy T+1 day liquidity (with an option of instant redemption of Rs 50,000 or 90% of invested value whichever is lower, within minutes).

coal sector has registered a growth of 10.2 per cent among all eight core industries of the economy in May, the government said on Thursday. The index of coal industry has reached 184.7 points during May as compared to 167.6 points during the same month last year. «The coal sector has demonstrated highest growth of 10.2 per cent (provisional), following the electricity industry among the eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries,» the coal ministry said in a statement. The driving force behind growth can be attributed to a considerable rise in coal production during May. This increase in production underscores the sector's capacity to meet growing demand of energy and manufacturing industries.

ESAF Small Finance Bank on Monday absorbed about 5,200 employees from ESAF Swasraya Multi-State Agro Co-operative Society Ltd (ESMACO), a corporate business correspondent of the bank, as part of a strategic business restructuring. The bank will now directly manage the microloan portfolio that was previously managed by ESMACO through banking outlets. This move aims to mitigate concentration risks while allowing ESMACO, a promoter group entity of the bank, to continue managing business operations at the Customer Service Centers. The micro banking vertical, created with a 5,197-strong workforce, will primarily serve the needs of the rural population through micro-loans, agriculture loans, vehicle loans, and home loans, ESAF Small Finance Bank Managing Director K Paul Thomas said. The bank is also designing liability products to suit the needs of low and middle-income savers, he added.

pranamay kosh is the energy body of man. Kosh means a sheath. The pranamay kosh, made of pran, or life, substance, electrifies and gives life to our physical body. The pranamay kosh carries a charge indicated by the invisible aura or energy field surrounding the body. Just as an electric current creates an electric field around it, the pranic currents also create an auric field surrounding the body. The energy body has 114 chakras, or energy wheels, to distribute prana to various body parts through nadis, or microscopic vessels, which are invisible to the eye. Some of these main chakras are aligned along the spinal cord. This pranic system is used in Reiki, Chinese alternative therapies like acupuncture and acupressure, and the Indian marma therapy for healing purposes. The pranamay kosha is energised by pranayam. When the pranamay kosh is energised through yog to a threshold limit, the kundalini, or the spiritual evolutionary energy, is awakened in man, at the bottom coccyx region of the spine called Muladhar (base support for energy) in yogic terms.

This article and its content have been produced and disseminated for persons outside of the United Kingdom. The information provided is not directed at or intended for distribution to, or use by, any person or entity located within the UK. The financial products and services mentioned in this article are not eligible for the UK. Cryptoassets are classified as Restricted Mass Market Investments in the UK, meaning that they are high-risk investments and are not suitable for most retail investors.

India Ratings. This could lead to more responsible financial practices and risk assessments by corporate debtors and their guarantors, promoting a healthier credit ecosystem, it said. “The amendment is likely to enhance recovery value for creditors,” India Ratings said. “The proposed amendment clears the ambiguity around the liability of guarantors, thus bringing in the much-needed clarity to the resolution process involving guarantors and will significantly reduce the cross litigation on account of varied interpretations.”

China), said the company's current focus is solely on its Bengaluru facility. “While we acknowledge the complexities surrounding ownership, that is an issue for the future. We will address it when the time comes," he said, replying to a question from Mint on the need for an Indian partner on the sidelines of a media interaction on Wednesday.

As passive funds, these investments will align their portfolios with an underlying index. Mint explains how this proposal could help investors in building their portfolios. A passive hybrid fund gives more clarity to investors in terms of portfolio structure, according to experts.

LIC on Thursday announced the launch of 'Jeevan Samarth', an initiative aimed at transforming the agency ecosystem. To achieve this, Life Insurance Corporation (LIC) has partnered with a global consulting firm, which will undertake this agency transformation project by reviewing its existing agency framework on an end-to-end basis. It will also entail revamping the agency operations at the branch, division and zonal level directed towards establishing global best practices in the wake of the fast-changing industry and regulatory landscape of the insurance sector, LIC said in a statement. LIC Chief Executive Officer and Managing Director Siddhartha Mohanty said, «Through the 'Jeevan Samarth' project, we aim to transform our agency ecosystem to align with the rapidly evolving needs of millions of Indian families and provide them suitable long-term savings, protection, health insurance, ULIP and pension solutions».

French President Emmanuel Macron's decision to align with the Leftist New Popular Front (NFP), that emerged as the shock winner of the French parliamentary elections held on Sunday, has now instilled a fear among the wealthy bracket of France, who are dreading the return of wealth taxes in the country.

₹3 lakh to ₹4.8 lakh per annum, and for LIG from ₹6 lakh to ₹9.2 lakh per annum, aligning with Consumer Price Index (CPI) adjustments. These revisions are crucial to ensure the relevance and accessibility of housing schemes. Expand affordable home dimensions: Current size limits for EWS and LIG homes are inadequate for dignified living.