MUMBAI: State Bank of India is preparing to hire nearly 1,000 specialists in wealth management as customers show a growing preference for investment products over plain savings. The recruitment, announced through an advertisement for Specialist Cadre Officers, covers relationship managers and customer relationship executives, across major commercial centres such as Mumbai, Bengaluru, Chennai and Delhi….
MUMBAI: The sensex slid another 400-plus point on Tuesday, taking the total loss in the index to over 1,000 points in just two days. The delay in concluding the US-India trade deal, a weak rupee and foreign fund selling weighed on investor sentiment that pulled the markets down, brokers and dealers said.The sensex opened in…
MUMBAI: RBI governor Sanjay Malhotra on Tuesday asked bank chiefs to use technology to cut down intermediation costs so as to work with lower spreads and support sustainable growth. At the same time, he asked banks to guard against the growing number of digital frauds by using intelligence-driven safeguards.Malhotra met with the managing directors and…
Singapore’s Temasek, a global investment firm, has committed $50 billion to India and plans significant expansion in the coming years. Chairman Teo Chee Hean met with Finance Minister Nirmala Sitharaman, outlining focus areas including financial services, consumer markets, healthcare, technology, manufacturing, and renewables. Discussions covered broad investment opportunities across India. NEW DELHI: Temasek, a global…
Intel CEO Lip-Bu Tan met Prime Minister Narendra Modi, pledging the chip giant’s support for India’s Semiconductor Mission. Tan lauded the government’s comprehensive policy for semiconductor design and manufacturing. Prime Minister Modi expressed confidence that Intel’s involvement will foster an innovation-driven future for India’s youth, creating a robust electronic component ecosystem. NEW DELHI: US computer…
Microsoft is injecting a massive $17.5 billion into India, its largest investment in Asia, to bolster cloud and AI infrastructure. This significant commitment, alongside Google’s plans, underscores India’s growing importance as a global AI hub. The investment aims to enhance skilling and operations, positioning India as a frontier AI nation ready for transformative growth. NEW…
A government panel has proposed a ‘hybrid model’ for AI firms, granting them a blanket license to use copyrighted works for training AI systems. This framework mandates royalty payments to intellectual property rights holders, who cannot opt out. A centralized, non-profit entity will manage these payments, simplifying access for developers and ensuring fair compensation for…
Lucknow: To promote public understanding and participation in organ donation, KGMU in association with the Alamban Associates Charitable Trust, organised an organ donation awareness programme at the Trauma Centre on Tuesday.The event, coordinated by obstetrics and gynaecology department’s Prof Sujata Dev, began with a welcome address by president of the trust, Sandeep Kumar. Vice-chancellor Prof…
Lucknow: Spread over 65 acres, Rashtriya Prerna Sthal, a sprawling park honouring former Prime Minister Atal Bihari Vajpayee, Dr Shyama Prasad Mukherjee and Pandit Deendayal Upadhyaya, has been completed and is awaiting inauguration, likely to be done by Prime Minister Narendra Modi on Dec 25, Vajpayee’s birth anniversary, in the presence of Chief Minister Yogi…
Lucknow: Sushant Golf City police arrested three members of the gang that assaulted a man in broad daylight robbery last week and fled with his car containing valuables. The police cracked the case, recovering a MacBook, Rs25,000 cash and seized the car used in the crime. A fourth accused, identified as Saurabh Rajput, is still…
