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Responsible lending is as important as responsible borrowing: RBI official
A senior RBI official emphasised the need for responsible lending to build consumer trust and protection in digital lending using AI/ML models. With AI's growing role in credit assessment, banks need to focus on governance and financial literacy. Digital lending is expected to surpass $1 trillion by 2030.
Govt may revive old data centre policy with AI and ML sops
The government plans to revisit and revamp its 2020 draft data centre policy, enhancing it with new incentives to better align with the industry's current requirements and expectations. The incentives include granting infrastructure status to the data centres on a par with other sectors such as railways, ports, roads and power.
Teching India to the next level: As GCCs set up shop in India, here are the salary trends and jobs on offer
The tech landscape in India has been shifting towards tier-II cities, with growing investments in AI, ML, and blockchain. The country's tech market, which stood at $254 billion in FY24, is expected to reach $350 billion by 2025. High-demand skills such as AWS and DevOps have been on the rise.
Is technology revolutionizing your investment strategy or fueling your FOMO?
Investors must tread carefully, ensuring that they strike the right balance between the tactical applications of AI and a thorough understanding of its wider business implications
Machine learning opens a window for mid-career job opportunities
Machine learning has become an attractive career choice due to its applications in customer insights and operational efficiency. Opportunities abound for both freshers and mid-career professionals, thanks to accessible learning platforms. Key skills include proficiency in Python, statistical knowledge, and familiarity with machine learning frameworks. Freelance ML roles are also in high demand.
CCI probes Apple; FirstCry IPO on day 2
The Indian antitrust regulator has sought Apple’s response on its investigation report. This and more in today’s ETtech Top 5.
NIC plans seven new e-security centres with AI, ML technologies
All the seven centres will be interconnected so that in case of failure of any of the sites across the country, the workload should be transferred to the other centres without any manual intervention, a senior government official said.
India needs to rely on homegrown tech to avoid Crowdstrike-like blip: Sify chief
India should promote homegrown technologies and cut its reliance on foreign companies to shield itself from incidents like the recent Windows-Crowdstrike outage which had a global impact, Raju Vegesna, chairman and managing director of Sify Technologies, told ET. Vegesna also said that AI is nothing but a tool of enhancement, like the internet.
Postpone implementation of new criminal laws: CPI(ML) Liberation MPs to President
President Droupadi Mumru, the immediate suspension of new criminal laws is crucial. Rushed passage without scrutiny threatens legal safeguards. A thorough review and consensus are needed to protect citizens' liberties. Your urgent intervention is vital to prevent erosion of rights and ensure informed decision-making.
Government's script, full of lies: Opposition leaders on President's address to Parliament
Opposition leaders criticized the President's address to the joint sitting of Parliament, dismissing it as a government-scripted speech filled with lies. They accused the government of creating an "undeclared emergency" and attacking the Constitution under Modi's rule. President Droupadi Murmu's address highlighted the 1975 Emergency as a dark chapter but faced backlash for not addressing current issues like unemployment, inflation, and the crisis in Manipur.
White collar hiring improving as demand from Oil & Gas, Banking, FMCG sectors rises: Report
White collar hiring in major sectors like Oil and Gas, Banking, and FMCG showed steady improvement, with a 6% increase in May compared to April, driven by Healthcare and Travel and Hospitality. However, overall white-collar hiring was down by 2 per cent year-on-year, with declines in IT, BPO, and Education sectors. Smaller cities outperformed major metropolitan areas, with strong demand for senior professionals contributing to a healthy growth in opportunities.
NDA fared badly in final phase of Lok Sabha polls in Bihar
In the latest elections in Bihar, the NDA, led by BJP, saw a significant drop in Lok Sabha seats compared to previous years. The coalition, previously strong with ally JD(U) and Chief Minister Nitish Kumar, faced challenges without him.
Tejashwi Yadav cashes in on ‘Kushwaha’ factor, cuts BJP numbers
There was palpable anger among the community over independent candidate Pawan Singh contesting from Karakat Lok Sabha seat, where Upendra Kushwaha was contesting as the NDA candidate. With Pawan Singh in the fray, the Rajput voters drifted away from the NDA and rooted for him. With Kushwaha on the verge of losing, the community reciprocated by not voting for the BJP candidates in nearby seats. A division of Kushwaha vote led to the loss of five seats in the vicinity of Karakat.
Nitish Kumar: The man who helped in formation of INDIA bloc now to become kingmaker in NDA govt
Bihar Chief Minister Nitish Kumar, a key BJP ally, plays a crucial role in the Lok Sabha as the kingmaker, with ties to the INDIA bloc and interest from the opposition alliance.
'What is PM Modi doing after election results?': Shyam Rangeela mocks PM over election results
Comedian Shyam Rangeela reacts to BJP and NDA's performance in Lok Sabha elections, targeting PM Modi. Modi leads in Varanasi with 139,139 votes, while Congress's Ajay Rai has 403,382 votes. Rai alleges manipulated exit polls.
Nitish, Naidu to back out from NDA deal and help Rahul's INDIA bloc form govt? Fresh twist emerges
RJD claims that Bihar CM Nitish Kumar and TDP's Chandrababu Naidu may join the Opposition coalition, rejecting PM Modi-led NDA due to a shared disdain for vendetta politics. RJD spokesperson Manoj Kumar Jha hinted at a major decision by Kumar and highlighted JD(U)’s better-than-expected Lok Sabha performance.
Jharkhand: NDA leads in 9 seats, INDIA bloc in five
In Jharkhand, BJP leads in 8 Lok Sabha seats, AJSU Party in 1, Congress in 2, and JMM in 3. Congress's Kalicharan Munda is ahead of BJP's Arjun Munda in Khunti by 1.02 lakh votes. JMM's Joba Manjhi leads in Singhbhum by 77,599 votes over BJP's Geeta Kora.
How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
BARC appoints Dr Bikramjit Chaudhuri as chief of measurement science
Dr. Bikramjit Chaudhuri assumes the role of Chief of Measurement Science and Analytics at BARC India, succeeding Dr. Derrick Grey, who served for six years. With extensive experience in data science and analytics from Datamatics Group, KPMG, Nielsen, and ZS Associates, Bikram aims to enhance BARC's audience measurement system.
Why NDA silent over demand for official language status to Bhojpuri, asks CPI(ML) Liberation
CPI (ML) Liberation candidates from Arrah and Karakat Lok Sabha seats and party workers in other parliamentary constituencies are raising the demand during the poll campaign, he said. Its Dumron MLA Ajit Kumar Singh said the party demands immediate inclusion of Bhojpuri in the Eighth Schedule of the Constitution so that it gets official language status.
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