Mumbai, July 26 (IANS) Finance Minister Nirmala Sitharaman said on Sunday that while the Middle East conflict has led to an increase in the country’s petroleum and fertiliser subsidy bill due to the spike in global prices, the government has an adequate resource buffer to manage the situation without any changes in the Budget estimates for 2026-27. Speaking at the NDTV Profit Business Leadership Awards function here, the Finance Minister said, “I have kept buffers which can take care of it and…
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New Delhi, July 19 (IANS) India is developing a carefully calibrated regulatory framework for artificial intelligence (AI) that seeks to balance innovation with necessary safeguards, while drawing lessons from evolving approaches adopted by the US, the European Union and other international forums, Electronics and Information Technology Secretary S Krishnan has said.As AI capabilities continue to advance rapidly across the world, governments are increasingly examining ways to regulate powerful A…
Mumbai, July 17 (IANS) NDTV Profit on Friday announced the nominees for the Business Leadership Awards 2026, recognising a diverse set of leaders, companies and institutions that have played a key role in shaping India’s evolving business landscape, with the winners set to be announced in Mumbai on July 26.Union Finance Minister Nirmala Sitharaman will be the chief guest at the awards ceremony, where winners selected by a distinguished jury chaired by Bharti Enterprises Founder and Chairman Suni…
New Delhi, July 7 (IANS) US-based artificial intelligence giant OpenAI’s ChatGPT experienced service disruptions on Tuesday, with users reporting issues across several features, including Codex, Custom GPTs and workspace analytics, while the company said it is working to resolve the remaining problems.According to outage tracking platform Downdetector, user complaints increased between 1 pm and 2 pm.Around 75 per cent of the reported issues were related to ChatGPT, while 12 per cent were linked …
Mumbai, July 3 (IANS) Banks have registered a gradual increase in the flow of overseas funds after the rollout of the Reserve Bank of India’s (RBI) revised Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme, and expect collections to accelerate further this month as awareness among NRIs is growing.The banking industry has mobilised an estimated $3-4 billion through FCNR-B deposits so far, according to an NDTV Profit report.Bankers expect inflows to gather pace in the coming weeks, partic…
New Delhi, June 29 (IANS) Former HDFC Bank Chairman Atanu Chakraborty has described the legal review of his resignation as being caveated and superfluous, saying it focused largely on compliance issues instead of the broader concerns he had raised about certain business practices at the bank, according to a report.NDTV Profit reported that the external legal firms appointed by HDFC Bank — Wadia Gandhy and Wilson Soni — reviewed Chakraborty’s resignation statement by relying largely on select e…
New Delhi, June 27 (IANS) India is expected to remain among the world’s fastest‑growing major economies despite geopolitical tensions, uncertainty around artificial intelligence (AI) spending and sustained foreign investor outflows, Seth R. Freeman, Senior Managing Director at GlassRatner Advisory & Capital Group, has said.Among Indian market sectors, Freeman remains constructive on healthcare and automobiles, as being well positioned for long-term growth, the report from NDTV Profit sai…
New Delhi, June 23 (IANS) Indian airlines are considering withdrawing the fuel surcharge as crude oil prices moderate, which could provide relief to air travellers in the coming months, according to a report.NDTV Profit has reported that airlines are actively evaluating a rollback of the surcharge, with a decision likely by the end of the second quarter or early in the third quarter.The review comes amid a sharp decline in global crude oil from recent highs.While fuel costs have eased considerab…
New Delhi, June 11 (IANS) The Reserve Bank of India (RBI) is likely to revive the issuance of fresh licences for urban co-operative banks (UCBs), a move that would end a two-decade pause on new entrants in the sector, according to a report.According to a report in NDTV Profit — citing sources — the central bank is expected to approve fresh licences for UCBs, a practice it had discontinued in 2004.The development comes after the RBI released a discussion paper in January seeking feedback on whe…
New Delhi, June 4 (IANS) Rajesh Exports Chairman and Managing Director Rajesh Mehta has rejected the findings of the Securities and Exchange Board of India (SEBI)’s interim order against the company, saying the conclusions were inaccurate and that a detailed response would be issued shortly, according to a report.Speaking to NDTV Profit, Mehta described SEBI’s observations as preliminary and disputed the regulator’s findings.“It is an interim order, findings are not accurate,” Mehta said…