Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fintechs-seem-to-be-adapting-well-to-rbi-guidelines/article66627461.ece Loans disbursed from digital lenders have seen a rise in Q3 of FY23 Digital lending is set to surpass traditional lending by 2030
Day: March 17, 2023
👍👍👍👍👍RERA’s structural defects – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reras-structural-defects/article66628211.ece Rules for rectifying building problems unclear As per RERA, a promoter is responsible for rectification of a structural defect or any other defect
OpenAI opens subscriptions for GPT-4 in India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/openai-opens-subscriptions-for-gpt-4-in-india/article66630472.ece At $20 a month, the subscription attracts a tax of $3.60 OpenAI, the US-based Regenerative AI firm that created Internet sensation ChatGPT, has
IT Department launches AIS app for taxpayers, full details here | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/it-department-launches-ais-application-for-taxpayers-full-details-here-123031700491_1.html The income Tax Department launches an AIS application for taxpayers aiming to provide each transaction information taxpayers and accept their feedback There is
One-third of world’s population suffers from sleep disorders: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/one-third-of-world-s-population-suffers-from-sleep-disorders-experts-123031700654_1.html About one-third of the people in the world suffer from sleep disorders which is mainly caused by a sedentary lifestyle, medical experts said
OpenAI announces its subscription service ‘ChatGPT Plus’ in India | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/openai-announces-its-subscription-service-chatgpt-plus-in-india-123031700646_1.html A subscription enables a customer to use ChatGPT even during peak usage hours, as well as to receive faster responses and priority access
Banking system remains stable, resilient: RBI governor Shaktikanta Das | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/banking-system-remains-stable-resilient-rbi-governor-shaktikanta-das-123031701006_1.html RBI governor Das cautions banks against any build-up of asset-liability mismatches Reserve Bank governor Shaktikanta Das on Friday cautioned banks against any build-up of asset-liability
SVB Financial seeks bankruptcy protection as banking turmoil persists | Business Standard News
Clipped from: https://www.business-standard.com/article/international/svb-financial-group-seeks-bankruptcy-protection-for-reorganisation-123031700992_1.html Shares of big US banks fell between 1.5% and 2% in premarket trading on Friday SVB Financial Group said on Friday it filed
As liquidity tightens, RBI injects Rs 1 trillion for largest infusion in 4 years | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/as-liquidity-tightens-rbi-injects-rs-1-trn-largest-infusion-in-4-years-123031700981_1.html Tighter liquidity conditions have resulted in sharp rise in money market rates With the onset of corporate advance taxes leading to significant outflows
TCS, Infosys have highest exposure to US regional banks: JPMorgan | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tcs-infosys-have-highest-exposure-to-us-regional-banks-jpmorgan-123031700610_1.html Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are
🙏🙏🙏🙏🙏🙏🙏ECB hikes rate by 50bps to 3.5% despite bank chaos; highest since Oct 2008 | Business Standard News
Clipped from: https://www.business-standard.com/article/international/ecb-hikes-rate-by-50bps-to-3-5-despite-bank-chaos-highest-since-oct-2008-123031601112_1.html In a post-meeting statement, the bank called the banking sector in the 20 countries using the euro currency resilient, with strong finances The
Yellen says US banking system remains sound after ‘decisive’ actions | Business Standard News
Clipped from: https://www.business-standard.com/article/international/yellen-says-us-banking-system-remains-sound-after-decisive-actions-123031601273_1.html The government took decisive and forceful actions to strengthen public confidence in the US banking system, Yellen said in testimony before the committee
7 working days: Sebi now prescribes ‘strict’ timelines for FPI disclosures | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/markets-regulator-sebi-tightens-timelines-for-fpi-disclosures-123031601304_1.html Amended FPI regulations give watchdog more powers to seek vital info from overseas funds The Securities and Exchange Board of India (Sebi) has notified stricter
Panel working on classification of millet products to determine GST rates | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-panel-plans-to-come-out-with-classification-of-millet-based-products-123031601110_1.html The panel will likely propose the classification at the next GST Council meeting, which is expected to be held at the end of
Expect India’s GDP to moderate to 6% in FY24: CRISIL MD & CEO Amish Mehta | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/crisil-expects-a-moderation-in-india-s-fy24-gdp-growth-md-ceo-mehta-123031601024_1.html Amish Mehta discusses the factors behind this downgrade and road ahead for the Indian economy Rating agency CRISIL expects a moderation in India’s gross domestic
Keep ‘margins of safety’ amid global turmoil, says CEA Nageswaran | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/amidst-global-uncertainty-need-to-keep-margins-of-safety-cea-123031600925_1.html IMF’s latest estimates for global growth appear outdated, he says Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday flagged the rising global
👍👍👍👍👍JP Morgan revises Reliance Industries stock target price, sees 33% uptick | Business Standard News
lipped from: https://www.business-standard.com/article/companies/jp-morgan-revises-ril-s-target-price-sees-33-uptick-in-long-run-123031600999_1.html?code=NTM4OTU9MTIzMDMxNjAwOTk5 The brokerage said it sees continued strength in the refining business, a likely rebound in petrochemical spreads from decadal low levels from China
👍👍👍👍👍This Chris Wood owned stock hit a 52-week low. What’s worrying the Street? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/this-chris-wood-owned-stock-hit-a-52-week-low-what-s-worrying-the-street-123031500131_1.html?code=NTM4OTU9MTIzMDMxNTAwMTMx In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has