MUMBAI, June 24 (Reuters) – RBI has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a
MUMBAI, June 4 (Reuters) – India plans to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs), the Economic Times reported on Thursday, citing sources. The plan is part of efforts to draw capital flows into India,
New Delhi, Jun 3 (PTI) Gold prices declined by Rs 1,850 to Rs 1.59 lakh per 10 grams in the national capital on Wednesday amid weakness in global markets and uncertainty over the US-Iran ceasefire agreement. According to the All India Sarafa
Mumbai, Jun 3 (PTI) Benchmark indices Sensex and Nifty closed lower on Wednesday after a day’s breather, dragged by heavy selling in IT stocks, a fresh spike in crude oil prices and persistent foreign fund outflows. The 30-share BSE Sensex dropped 303.67
Mumbai, Jun 3 (PTI) The rupee depreciated 31 paise to close at 95.67 (provisional) against the US dollar on Wednesday, after the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations. Forex traders said strong
