Synthetic Data and Agentic AI
Banks are testing products on fake customers. It’s fast, cheap and ethically questionable. Financial institutions are quietly replacing real customers with algorithmic clones to circumvent stringent data privacy laws and accelerate time-to-market. Testing a new credit card or AI investing app traditionally takes months of testing. For bank product developers, the synthetic consumer, who never…
Bri looks to new funding models
These funds aim to make Indian films a new asset class, somewhat like the highly sought-after Indian Premier League (IPL) teams. Two such funds – Filmni Global and CineNow – have already launched. The first of Filmni Global’s 10 special purpose vehicles (SPVs) is about to be shut down. The £5 million SPV will identify…
Kotak Bank will buy Deutsche Bain
Private sector lender Kotak Mahindra Bank has entered into a definitive agreement with Deutsche Bank to acquire its retail banking, affluent private banking and wealth management business in India for Rs 281.7 crore. The business being acquired includes loans worth Rs 29,000 crore, deposits of Rs 16,000 crore and assets under management (AUM) of Rs…
Purvanchal is moving towards development
Coming out of its image of being the bad land of Uttar Pradesh (UP), Purvanchal (eastern region) is emerging as the state’s growth hub due to massive infrastructure push, better law and order and ease of doing business, top ministers of the state government said at Business Standard’s “Ubharata Purvanchal”, or Rising Purvanchal conference here…
JP Morgan named Iyengar Hea
An experienced dealmaker has taken charge as large-cap M&A has shown signs of selective recovery. JPMorgan Chase, the global leader in investment banking revenues, has named Anu Iyengar as global president of investment banking and M&A, signaling a renewed emphasis on dealmaking as a pillar of its investment banking strategy. As part of a broader…
FIFA WC 2026 RO32: Netherlands
The Netherlands take on Morocco at the Estadio Monterrey on Tuesday in one of the standout fixtures of the round of 32 at the FIFA World Cup 2026, with a place in the last 16 up for grabs against either Brazil or Japan. Both sides reached the knockout stage with seven points from three matches…
Bajaj Auto’s ₹5,632.8 crore Shree
Bajaj Auto Ltd on Monday said its share buyback worth ₹5,632.8 crore will begin from July 1, 2026. The company is buying 46.94 lakh fully paid equity shares of face value of ₹10 each at a price of ₹12,000 per share, payable in cash, aggregating to ₹5,632.8 crore, Bajaj Auto said in a regulatory filing….
Delhi approves EV policy
All electric cars with ex-showroom price of ₹30 lakh or less registered in the national capital will be given 100 per cent rebate on road tax and registration fees, as the Delhi government approved a new EV policy on Monday. Under the new policy, people buying e-two-wheelers will get a subsidy of ₹30,000 in the…
Adani case: New York judge’s question
A US federal judge’s decision to seek a full explanation from prosecutors before approving the dismissal of criminal charges against Indian billionaire Gautam Adani is a procedural requirement and does not indicate that the case is likely to proceed, according to a senior US lawyer familiar with federal criminal practice. “The judge’s order is procedural,”…
Government plans to simplify licensing time
The Center has proposed amendments to the Medical Devices Rules (MDR), 2017, aimed at expediting manufacturing licensing timelines for devices in different risk categories. This will give a boost to India’s $15 billion medical device industry. The Union Health Ministry on Sunday issued a draft notification proposing reduction in the statutory timelines prescribed by the…
