RBI Governor Sanjay Malhotra has urged bank CEOs to reduce intermediation costs and improve operational efficiency, citing the 125-bps rate cuts since February. The repo rate is now at a three-year low of 5.25%.

RBI Governor Sanjay Malhotra has urged bank CEOs to reduce intermediation costs and improve operational efficiency, citing the 125-bps rate cuts since February.

RBI urges cost cuts; PFC-Sidbi scrap bond issues; insurance premiums surge in November & more

RBI urges cost cuts; PFC–Sidbi scrap bond issues; insurance premiums surge in November & more

Under the partnership, Wipro and Microsoft will jointly develop AI solutions for sectors such as financial services, retail, manufacturing, healthcare, life sciences and airports

Business Standard

Industry experts noted that JioStar is under financial burden and is looking to cut its losses from all aspects

But for many industry experts, the real story was that the technical gap between OpenAI's so-called foundational AI model and everyone else had become practically nonexistent

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The Enforcement Directorate on Friday raided multiple locations in various states as part of a money laundering investigation against an alleged illegal cough syrup trade racket in Uttar Pradesh, officials said.
The searches are covering 25 premises in Lucknow, Varanasi, Jaunpur and Saharanpur in Uttar Pradesh apart from those located in Ranchi and Ahmedabad, they said.
The federal probe agency has booked a criminal case under the Prevention of Money Laundering Act (PMLA) to probe the alleged illegal trade.
Locations linked to absconding main accused Shubham Jaiswal and his alleged associates Alok Singh, Amit Singh and some others, cough syrup manufacturers and a Chartered Accountant (CA) Vishnu Aggarwal are being raided, according to ED officials.
The ED action is based on about 30 UP Police FIRs that were registered after the state government took cognisance of incidents related to misuse of codeine-based cough syrups (CBCS), their illegal manufacturing, trade and transport ...

The searches are covering 25 premises in Lucknow, Varanasi, Jaunpur and Saharanpur in Uttar Pradesh apart from those located in Ranchi and Ahmedabad, officials said

Press Trust of India

House Democrats released a selection of photos from the estate of Jeffrey Epstein on Friday, including some of Donald Trump, Bill Clinton and the former Prince Andrew.
The 19 photos released by Democratic lawmakers on the House Oversight Committee were a small part of more than 95,000 they received from the estate of Epstein, who died in a New York jail cell in 2019 while awaiting sex trafficking charges.
The photos released Friday were separate from the case files that the Department of Justice is now compelled to release.
The photos were released without captions or context and included a black-and-white image of Trump alongside six women whose faces were blacked out.
The committee did not say why their faces were blacked out.
Several of the photos have already circulated in the public. Democrats pledged to continue to release photos in the days and weeks ahead, as they look to pressure Trump over his Republican administration's earlier refusal to release documents in the Epstei

The photos released Friday were separate from the case files that the Department of Justice is now compelled to release

ICEGATE enables e-filing and customs payments by traders; RMS automates risk-based scrutiny; and ICES handles backend assessment and clearance workflows at Customs locations

Healthcare industry body NATHEALTH has asked the government to increase public spending on healthcare to over 2.5 per cent of GDP with urgent action to tackle non-communicable diseases, including tax deductions of up to Rs 10,000 on individuals for preventive health check-ups.
In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage.
The recommendations call for a balanced mix of fiscal support, structural reforms, and public-private collaboration to build a robust, future-ready health system, it said in a statement.
In its recommendations, NATHEALTH asked the sector to be declared 'core infrastructure' and create a healthcare infrastructure fund of Rs 50,000 crore, saying currently there is limited access to long-term, lower-cost capital for hospitals and diagnostic networks.
New projects have long gestational periods requiring flexible mid-term ...

In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage

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RBI urges cost cuts; PFC–Sidbi scrap bond issues; insurance premiums surge in November & more

RBI Governor Sanjay Malhotra has urged bank CEOs to reduce intermediation costs and improve operational efficiency, citing the 125-bps rate cuts since February. The repo rate is now at a three-year low of 5.25%.

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