Inclusion Financial News

India has the potential to power the global artificial intelligence (AI) innovations, Microsoft Asia president Ahmed Mazhari said on Saturday. «We feel confident that India will power the AI innovation of the world because we have the skill base, the expertise and the desire to innovate at scale, and Microsoft is committed to that acceleration,» he said. Years ago, India became synonymous with creating patents and as the knowledge services capital of the world, he said, and with AI, there are going to be immense opportunities for the country. Mazhari spoke about various initiatives of Microsoft in AI that are currently operational in India.

youth employability, promoting healthy lifestyles and reducing carbon emissions are key measures for India to «power a billion dreams», prominent business leaders from the consumer sectors said on Saturday. At a panel discussion on 'The India opportunity: Empowering a billion dreams', moderated by Kaushika Madhavan, Asia Pacific leader at AT Kearney, leaders from diverse businesses spotlighted rapid growth in the world's fifth largest economy and stressed on the need for inclusive growth and development at a time when economic recovery is showing sharply divergent trends. «We have got to take India with us… India is a country of opportunities, a country of dreams… we need to have inclusive growth as a lot of India is poor,» said Raymond Ltd chairman and managing director Gautam Hari Singhania.

RJD leader Tejashwi Yadav's demand for a nationwide caste census and inclusion of 65 per cent quota increase in Bihar in the Ninth Schedule of the Constitution, Rajya Sabha MP Sanjay Kumar Jha said, Chief Minister Nitish Kumar ensured that caste census took place in Bihar. «CM Nitish Kumar ensured that caste census took place in Bihar. He took all affirmative actions regarding the same. They (Opposition) are such kind of people who did not even provide reservation in Panchayats when they were in power,» said MP Sanjay Kumar Jha. Notably, Rashtriya Janata Dal (RJD) is holding a state-wide one-day sit-in protest with the demand for a nationwide caste census and the inclusion of the 65 per cent quota increase in Bihar in the Ninth Schedule of the Constitution.

Peaky Blinders movie. After months of speculation, Netflix officially confirmed in June 2024 that the film had been greenlit, much to the delight of fans. The movie will see the return of Oscar-winner Cillian Murphy in his iconic role as Tommy Shelby, promising to deliver another intense chapter in the Birmingham gangster saga, as mentioned in a report by Radio Times.

collaborations with the Government of Tamil Nadu, on manufacturing of its Pixel 8 range of phones, skill development, building an industrial ecosystem enabling MSMEs to create scalable AI solutions. Google, earlier in the day signed a memorandum of understanding with the visiting Chief Minister of Tamil Nadu M K Stalin at its Mountain View office in California in the presence of senior company officials including Google Cloud Vice-President and Head of Platform Amit Zavery, Minister for Industries TRB Rajaa among others. Under the MoU, Google would work with Guidance (the state government backed nodal agency to promote investments) to support the development of a robust AI ecosystem in the state. This includes providing access to advanced technologies and resources, with an emphasis on empowering individuals, businesses and government entities to leverage AI for inclusive growth and progress, a company statement said on Saturday.

stocks viz. Adani Green Energy, Adani Energy Solutions and Adani Total Gas are eligible for inclusion in the derivatives segment as per the new criteria for the entry into the futures & options (F&O). Securities and Exchange Board of India (Sebi) on Friday tweaked the entry and exit criteria for stocks via a circular. The eligibility of these Adani stocks into the derivatives segments is estimated by Nuvama Institutional Equities which has created a probable list of stocks that could enter the F&O segment as per the new norms, Nuvama said, adding that the final decision lies with Sebi.

Visa is focusing on leading the digital economy with more women entrepreneurs, said Kelly Mahon Tullier, Vice Chair and Chair People and Corporate Affairs Officer at Visa. She was speaking at the Economic Times World Leader Forum being held in New Delhi on Saturday. «The purpose of Visa (company) is to uplift the world by engaging them in the digital economy...Visa is so much more than a credit card,» she said in the session called The New Paradigm of Payments, chaired by Arijit Barman, Associate Editor, The Economic Times. Tullier also spoke on Visa's work with uplifting women in India in collaboration with United Way of Mumbai.

Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore respectively. In February and March they were net buyers at Rs 1,539 crore and Rs 35,098 crore after starting the year on a negative note in January when they offloaded shares worth Rs 25,744 crore.

Ashwini Vaishnaw said during his address at the ET World Leaders Forum event held in Delhi on August 31. There are four pillars of growth, the minister said — investment in public infra, inclusive growth, manufacturing and simplification of laws. Vaishnaw observed that from 2014 to 2024, India constructed 14,985 kms of railway tracks, which is higher than a rich country like France achieved during the same time frame.

Sebi) has tightened the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.

employment opportunities are a critical concern, ecommerce has emerged as a powerful engine of job creation. On average, ecommerce vendors employ 54% more people than their offline counterparts. This isn't just a quantitative increase but a qualitative shift in employment.

The National Basketball Association formalized its giving over the past four years through a new $300 million grantmaking arm

Google DeepMind's India unit is working on an Indic language AI project called Morni (Multimodal Representation for India) which aims to cover 125 Indian languages and dialects to build inclusive and equitable Indic AI. «So India has 22 scheduled languages, which are viewed as official languages. But in our work, we are targeting over 100 Indian languages, because we find that there are 60 Indian languages which have over a billion speakers and over 125 languages that have over a lakh speakers each,» said Manish Gupta, Director of Google DeepMind, Google India. He was speaking at the Global Fintech Fest in Mumbai on Thursday. He explained that 73 out of these 125 languages had zero corpus of digital data available. Even for a languages like Hindi, which is now spoken by close to 10% of the world's population, the share of Hindi text on the internet is 0.1%.

₹6,850 crore, driven by major contributions from Azim Premji and Shiv Nadar. The number of UHNI donors grew from 100 to 120 between 2020-21 and 2022-23, with 70 consistent donors and 50 contributing sporadically. This reveals significant potential for more sustained engagement.

Ford Motor Co. has joined the ranks of companies that have pulled back on diversity, equity and inclusion policies while facing pressure from conservative groups

This article was produced in partnership with Prudential Advisors.

MUMBAI : Senapathy ‘Kris’ Gopalakrishnan, co-founder of India’s second-largest IT services firm, Infosys, advises Indian companies and employees to learn artificial intelligence (AI) to stay relevant. Gopalakrishnan, who has become a philanthropist with his own family office and its investment arm, Pratithi Investments, told Mint in an interview on the sidelines of Global Fintech Fest 2024 on Wednesday that the IT sector is cash-rich and has capable leaders, but companies have their own growth rates, and “some may not make it." Edited excerpts: AI is the new tool that's available for us, just like it completes our sentence for us. If you want to use AI, start training yourself.

The Royal Bank of Canada reported a higher profit and met analysts’ expectation in its first full quarter since it completed the purchase of HSBC Holdings PLC’s Canadian business.

Jan Dhan Yojana (PMJDY) has achieved a milestone of a total of 53.13 crores PMJDY accounts out of which 55.6 per cent (29.56 crores) Jan-Dhan account holders are women and 66.6 per cent (35.37 crores) Jan Dhan accounts are in rural and semi-urban areas, the Ministry of Finance said in statement on Wednesday. Deposit balances under PMJDY Accounts stand at Rs. 2,31,236 crore. Deposits have increased about 15 times with an increase in accounts 3.6 times, as of 14 August 2024. The average deposit per account, according to the finance ministry stood at Rs. 4,352, as of 14 August 2024. The deposit per account has increased 4 times over August 15.

Home improvement chain Lowe’s is scaling back its diversity, equity and inclusion policies, joining the ranks of a few other companies who have altered their programs since the end of affirmative action in higher education and amid conservative backlas...