The potential power of small AI models
Deepfakes are becoming so convincing that they can barely be distinguished from real images and videos, raising fears that fraudsters can use artificial identities and circumvent Know Your Customer (KYC) checks to bypass defenses designed to prevent impersonation. An industry source requesting anonymity said the threat has started permeating the banking, financial services and insurance…
SEBI board brings back Open-MA
The Securities and Exchange Board of India (Sebi) on Friday approved resumption of open-market buybacks through stock exchanges, alignment of securitized debt instrument norms with the securitization framework of the Reserve Bank of India (RBI), easing of intraday lending rules for mutual funds and faster approvals for alternative investment funds. The decision by the markets…
North East has the potential to become
Union Finance Minister Nirmala Sitharaman on Friday said the Northeast has the potential to become India’s next engine of growth by leveraging its strengths in sustainable agriculture and premium organic produce. He also said that Meghalaya is uniquely positioned to lead because it has confidence in global markets. Inaugurating the Northeast’s largest organic spice processing…
Dutch neobank Bunk Eyes Mexica
Dutch neobank Banc has joined a crowded field of fintechs in the race to bank Mexico’s underprivileged. The Mexican digital bank market continues to heat up, with Dutch neobank Banc becoming the latest bank to receive a banking license to operate in the country. This continues the neobank’s regional expansion ambitions to serve “global citizens”…
Tory penso leading in historical all-
The FIFA World Cup witnessed another historic moment on Thursday when a female referee team took charge in the Group A match between Czech Republic and South Africa at the Atlanta Stadium. Referee Tori Penso, along with assistant referees Katherine Nesbitt and Brooke Mayo, became only the second female on-field officiating crew to officiate a…
India-UK trade agreement has started
CETA has kept India’s low-cost electric cars out of the subsidy framework. Additionally, it has completely excluded electric and hydrogen-powered two-wheelers, buses and trucks from the preferential tariff regime. For conventional internal combustion engine (ICE) passenger cars imported from the UK, India has agreed to allow a cumulative 378,000 vehicles at concessional duty rates over…
Sinan Ozcan of DP World on Revere
Case of financing the trade through DP World – a company that also carries cargo. Since joining DP World in 2021, Sinan Ozcan has built a trade finance business from scratch within one of the world’s largest end-to-end logistics providers – a company that has grown from 56,000 in that time to more than 120,000…
Mu is in danger due to restrictions on water supply
Effective June 17, the BMC suspended all water connections at ongoing construction sites within the city limits and stopped new connections until further notice. The civic body has also imposed a 20 per cent water cut for industrial, commercial and sports facilities, while a 10 per cent water cut across the city is in effect…
There may be a change in India’s clean energy
India’s current strategic petroleum reserves are equivalent to about 9-10 days of the country’s net crude imports, much lower than other major import-dependent countries, according to a new report released on Wednesday. The report released by the Council on Energy, Environment and Water (CEEW) said that other countries like Japan and South Korea which are…
Oil production in Libya reached its highest level in 12 years
Central bank bottlenecks and massive import costs delay the impact of the $4B windfall. War-torn Libya is pumping oil at the fastest pace in more than a decade, averaging about 1.4 million barrels a day in April, according to operating data from the National Oil Corporation. Still, refining capacity, distribution networks and subsidy-financed imports remain…
