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NEW DELHI: AI could either amplify India’s demographic advantage or weaken it, depending on the choices made now, chief economic adviser V Anantha Nageswaran said on Monday, calling for coordinated national action. Speaking virtually at AI Impact Summit during a session on ‘Employability in the AI age’, Nageswaran said technological adoption must be deliberately aligned…
MUMBAI: A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, RBI said on Friday. The penalty has been imposed on the private sector lender for deficiencies in statutory and regulatory compliance, including those related to Know Your Customer (KYC). RBI said a statutory…
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NEW DELHI: Veteran Congress leader Sonia Gandhi on Tuesday celebrated her 78th birthday inside the Parliament complex as the House discussed electoral reforms.Congress party shared images in a post on X, in which Sonia was seen cutting a cake in the Congress Parliamentary Party office as several Members of Parliament from INDIA bloc parties joined…
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MUMBAI : As the stock and the forex market witnessed huge volatility on Monday, the benchmark yield on 10-year govt securities (G-Secs) jumped to close fiscal 2025-26 (FY26) above the 7 per cent mark, a level not seen since July 2024. During March, the benchmark yields rose 37 basis points (100 basis points = 1…
MUMBAI: The country’s credit card spend is consolidating, with HDFC Bank and State Bank of India moving close to controlling half of total card spending by value, while the top five issuers together have expanded their dominance to 85.6% of transaction value by Jan 2026.The shift marks a migration of high-value spending towards legacy lenders….
