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Category: Business Updates

Business Updates

Standardised norms in offing to check AI systems, robustness

September 28, 2022By businessreputationdata

Once the norms are devised, companies deploying AI technologies would be rated on various parameters like the time taken to restore the system in the event of any hacking, malware or breakdown.

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Business Updates

Italy proposes bank tax to help people with interest rate hikes, sending stocks plunging

September 28, 2022By businessreputationdata

Transport Minister Matteo Salvini announced the tax at a Monday evening press conference, saying it was a measure of “social equity” to make up for a series of interest rate hikes from the European Central Bank.

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Business Updates

NLC India inks pact to supply 300 MW solar power to Rajasthan

September 28, 2022By businessreputationdata

State-owned NLC India (NLCIL) has inked a pact to supply 300 MW of solar power for 25 years to Rajasthan Urja Vikas Nigam under the CPSU scheme.

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Business Updates

Unilever’s venture capital arm invests in What’s Up Wellness

September 27, 2022By businessreputationdata

The funding round also saw participation from a few of What’s Up Wellness’ existing investors, it said.

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Business Updates

SEBI chief urges investors to take long-term view of markets to beat inflation rate

September 27, 2022By businessreputationdata

SEBI’s study, released in January this year, stated that 90 per cent of the active traders incurred average losses of Rs 1.25 lakh during FY22.

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Business Updates

RIL succession plan: Nita Ambani steps down, Isha, Akash & Anant to join Reliance board

September 26, 2022By businessreputationdata

Their appointment to the board of RIL, India’s most valued company with a market capitalisation of Rs 16.52 lakh crore, paves the way for more key roles for them in the group.

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Business Updates

Tata Motors posts fourth consecutive quarterly profit as JLR sales jump

September 25, 2022By businessreputationdata

Tata Motors posted a fourth consecutive quarterly profit on Thursday as higher sales of its luxury Jaguar Land Rover (JLR) cars boost margins.

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Business Updates

Icra maintains positive outlook on banking sector on asset quality, healthy credit growth

September 25, 2022By businessreputationdata

The agency expects gross non-performing assets (GNPAs) and the net NPAs (NNPAs) to decline to 2.8-3.1 per cent and 0.7 per cent, respectively.

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Business Updates

Govt issues PMLA notice to Binance, 8 other offshore crypto firms, asks IT Min to block URLs

September 24, 2022By businessreputationdata

FIU-IND is the national agency responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions to enforcement agencies and foreign FIUs. The agency is under the Finance Ministry.

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Business Updates

Tiger Global fund exits Zomato by offloading 1.43% stake via block deal

September 23, 2022By businessreputationdata

The lock-in period of shares allotted to Blinkit shareholders during Zomato’s acquisition of the quick commerce entity ended on Monday.

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