On a fateful day, an 88-year-old retired chartered accountant from Vasana, Ahmedabad Madhukant Patel received a message on WhatsApp from someone who claimed to be Sunil Singhania and was working for one Karanveer Dhillon. Little did he know that one seemingly innocuous message would lead to a set of circumstances that would eventually make him … Read more
Speaking at the Summit, in a panel titled ‘Macro View: What it means to become a Digital and AI leader’, Jayashree Satagopan, corporate president and chief financial officer of Coromandel International, said, “There will be job redundancies that will happen because of AI. But this is nothing new. We have seen old jobs become redundant … Read more
Top News SEBI has issued regulations requiring listed entities to verify market rumours following significant price movements. Unaffected prices will be considered for transactions within 24 hours of confirming a rumour, excluding its impact on share prices. This framework applies to top 100 listed entities from June 01, 2024, and to the next top 150 … Read more
If you are a conservative investor, opting for a fixed deposit (FD) is a logical thing to do for gradual wealth creation. You invest a small or large sum in a term deposit and then stay stress-free until the date of maturity. Not only does your money remain safe, but it also gives a good … Read more
Participating in a panel discussion on “How AI, GenAI are powering digital transformation across sectors in India”, Roopa Basrur, vice-president of Global Safety Medical Writing at Parexel, a Durham, North Carolina-based biopharmaceutical services company, said workflow automation, robust decision-making, and search and retrieval of data are the areas where AI’s impact has been the most … Read more
European stocks slipped on Friday, as doubts grew over the Federal Reserve’s ability to cut US interest rates in the face of strong economic data. The Stoxx 600 Index closed 0.2% lower, snapping a two-week run of gains, on expectations the Fed will not cut rates before December. However, it pared an earlier sharp drop … Read more
MUMBAI:The account aggregator (AA) framework, regulated by the Reserve Bank of India (RBI), can significantly simplify financial tracking for smaller companies and individuals, according to BG Mahesh, chief executive of Sahmati, at the Mint Digital Summit 2024. Sahmati is a member-driven industry alliance dedicated to promoting and strengthening the AA system. “In offline, the cost … Read more
New Delhi: India urgently needs to enact a law to regulate the artificial intelligence technology, Pavan Duggal, Supreme Court lawyer and cyber law expert, said on Friday at the Mint Digital Innovation Summit 2024. Duggal highlighted how other nations are already ahead in AI regulation. “The European Union has its AI Act, China has laws … Read more
Amidst this backdrop of risk and reward, Voltamp Transformers, a leading transformer manufacturing company in India, has emerged as one of the biggest wealth creators. Wealth creator The company’s shares have consistently maintained an upward trajectory, rising from ₹2,518 apiece in February 2023 to the current market price of ₹11,970, delivering a staggering return of … Read more
That year, Reliance Mutual Fund (MF) embarked on an organizational restructuring— a journey that ultimately ended with the Japanese insurer Nippon Life Insurance buying out Reliance’s stake in the asset management company (AMC). It was also in 2003 that Sundeep Sikka joined Reliance MF, now known as Nippon India MF, in a senior leadership role. … Read more