Author: TI Editor
The Reserve Bank of India (RBI) released draft norms for prepayment penalties on loans on Friday, February 21, in which it proposed to scrap the foreclosure charges on floating rate loans for retail and MSME borrowers. The central bank said that once approved, this will apply to all floating-rate loans. Source link
I’m sure you’ve been looking at the announcements that India has made on its AI program. You were here sometime back and you made these comments—about how India was better off not trying to do its own frontier model—that became controversial. Has your view changed? And do you think the Indian AI plan is on the right track?That was in a different context. That was a different time when frontier models were super expensive to do. And you know, now, I think the world is a very different paradigm. I think you can do them at way lower costs and…
India is accelerating its efforts to build a homegrown artificial intelligence (AI) foundational model, akin to China’s DeepSeek, under the ambitious ₹10,370-crore IndiaAI Mission. The Centre is gearing up to push forward its AI roadmap. Here are five key things to know:1. IndiaAI Mission Gains Momentum with 67 BidsAccording to a report from theIndian Express, the Union Ministry of Electronics and IT has received 67 proposals from India-based entities and researchers, all aiming to develop a domestic AI foundational model.Among them, 20 proposals focus specifically on large language models, highlighting India’s growing commitment to AI innovation, added the report. A…
Kotak Mahindra Bank announced the appointments of Vyomesh Kapasi as the new Head of Products – Consumer Bank at Kotak Mahindra Bank and Shahrukh Todiwala as the new MD & CEO of Kotak Mahindra Prime Limited (KMPL).Announcing the changes, Ashok Vaswani, MD & CEO of Kotak Mahindra Bank Ltd, said, “These appointments underscore the deep bench strength at Kotak and our commitment to fostering leadership talent.” He added, “Vyomesh’s experience and a proven track record in driving growth and innovation will be invaluable as we continue to enhance our consumer products.”Also Read: Uday Kotak warns Indian banking’s Goldilocks period is…
(Bloomberg Opinion) — Before he became President Donald Trump’s Treasury secretary, Scott Bessent openly criticized his predecessor Janet Yellen for issuing more short-dated debt — a move he characterized as fiscally imprudent and at odds with the inflation-fighting goals of the Federal Reserve. Now that he’s in charge, Bessent has continued Yellen’s policies and said that any move to boost the share of longer-term Treasury securities is “a long way off.” He delivered his clearest explanation for the apparent double standard in an interview with Bloomberg Television on Thursday. As he put it, the Treasury still plans to increase the share of longer-dated…
TheGen Z have started to realise that they can generate income without working full-time through passive income. It seems like a scenario wherein you generate income while sleeping so that you can spend time on travelling or pursuing personal interests. By following a well-planned approach, these goals can be achievable.1. Dividend investingThe dividends business represents an established pathway which produces passive income. You will receive steady rewards when you buy mutual funds and stocks that provide dividend payments. Reliance, HDFC and Infosys are some of the businesses which offer appealing dividends to investors. A strategic investment portfolio enables your funds…
Astronauts Sunita Williams and Butch Wilmore would return to Earth around March 19, 2025.Sunita Williams and Butch Wilmore, who have been aboard the International Space Station (ISS) since September, mentioned their date of return while speaking to CNN.The new schedule shortens Sunita Williams and Butch Wilmore’s extended stay in space, which officially reached the eight-month mark last week.The astronauts were initially scheduled to return by late March or early April. This shift in plans follows NASA and SpaceX’s decision to change the capsules for upcoming astronaut flights.According to the earlier schedule, Wilmore and Sunita Williams were to return after a…
While tea remains India’s dominant beverage, growing café culture in metropolitan areas over the past decade has fuelled the rise of speciality coffee shops. From boutique roasters to global chains, coffee consumption is steadily rising—making price hikes more impactful than ever. Read this | The champagne of coffees: Gesha’s rise in India Prices of Arabica and Robusta beans—the world’s two most widely consumed coffee varieties—are at multi-year highs due to supply shocks in Brazil and Vietnam, the world’s top producers. Coffee futures in New York and London have surged over the past year, forcing Indian brands from Blue Tokai to…
OpenAI is reportedly accelerating its efforts to reduce dependence on Nvidia by developing its own artificial intelligence (AI) silicon, with plans to finalise the design of its first in-house chip in the coming months. The ChatGPT maker is preparing to send its design for fabrication to Taiwan Semiconductor Manufacturing Company (TSMC), according to sources familiar with the matter, reported Reuters.Reportedly, the process of submitting a chip design for production, known as ‘taping out’, marks a significant milestone in OpenAI’s ambition to mass-produce its AI chips by 2026. Given that an initial tape-out can cost tens of millions of dollars and…
OnePlus 12R is getting another price cut after the launch of the OnePlus 13R and the new smartphone is available at its lowest ever price. The OnePlus flagship killer was one of the most powerful phones last year and after being available for under ₹30,000, it is sure to give some serious competition to other performance-centric phones in the category like the Poco X7 Pro and Realme GT 6T.OnePlus 12R at its lowest ever price:OnePlus 12R is currently priced at ₹32,999 on Amazon for the 8GB RAM/256GB storage variant. However, Amazon Pay ICICI Bank card holders can get an additional…