ML

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.

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.

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.

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 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.

The Indian antitrust regulator has sought Apple’s response on its investigation report. This and more in today’s ETtech Top 5.

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 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.

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.

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 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.

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.

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.

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.

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.

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.

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.

Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.

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.

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.