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Semiconductor plant in Assam likely to start production this fiscal, Union Minister Ashwini Vaishnaw says
Production at the Jagiroad semiconductor plant in Assam is set to begin this financial year. Union Minister of I&B and Electronics and IT, Ashwini Vaishnaw, confirmed the timeline after meeting with Assam Chief Minister Himanta Biswa Sarma. The facility, a Tata Semiconductor Assembly and Test Pvt Ltd project, will produce millions of chips daily.
Mid-tier entities in Indian BFSI under-invested in security, most exposed to cyberattacks: Report
Indian mid-tier banks and financial firms face significant cyber risks. They have embraced digital technology but lag in cybersecurity spending compared to global peers. Attackers are leveraging advanced AI, making cyber threats more potent and less costly. Many Indian CISOs report defenses are being outpaced. Institutions must now integrate AI defense with securing their own AI systems to build resilience.
Tata Motors PV To Hold 81st AGM On July 8, Fixes Record Date For Dividend
Tata Motors PV had earlier declared a final dividend of Rs 3 per equity share of face value Rs 2 each for the financial year ended March 31, 2026.
Irdai asks insurers to tie senior exec performance to customer service
India's insurance regulator, Irdai, is changing how insurance company executives are evaluated. Performance and pay will now be linked to customer results, not just financial numbers. Insurers must also share more data on product performance and customer service. This aims to build trust and accountability.
Dish TV FY26 loss widens as subscription revenue shrinks amid OTT pressure
Dish TV India faced a significant financial setback in FY26, reporting a wider consolidated loss. Subscription revenue saw a sharp decline due to intense competition from OTT platforms and changing viewer habits. The company's operating revenue and EBITDA also slipped.
Oracle Financial Services Software Ltd spurts 4.86%, gains for third straight session
Oracle Financial Services Software Ltd is quoting at Rs 10362.5, up 4.86% on the day as on 12:49 IST on the NSE. The stock is up 21.68% in last one year as compared to a 3.32% drop in NIFTY and a 22.81% drop in the Nifty IT index.
Banks need to act fast as customers turn to AI for stock picks and savings yields: McKinsey & Company
Customers are embracing generative AI at an unprecedented pace. This rapid adoption is outpacing traditional technologies, leaving banks with limited time to adapt. Consumers are already using AI for sophisticated financial tasks, even outperforming professional stock pickers. Banks must quickly evolve their products and services to meet this growing demand and trust in AI.
Mythos Risk Prompts India To Test For Financial Software Flaws
The companies, which don't currently have access to Mythos, are using Anthropic's Claude Opus 4.7 AI software to patch vulnerabilities
Here are the top 10 leveraged stocks in India’s ₹1.23 lakh crore MTF book
India's Margin Trading Facility Book (MTF) has increased significantly to ₹1.23 lakh crore as of May 22, from just under ₹1.05 lakh crore at the end of March, according to data available on the National Stock Exchange. HDFC Bank, Jio Financial Services, and Infosys are some of the most leveraged stocks in the MTF Book, according to the data. The list also includes names such as SBI, Reliance Industries, Bharat Electronics, CDSL and others. Here's a look at the complete list.
"Fuel saving is fuel creation": Maharashtra launches campaign for State Transport to conserve diesel
Maharashtra State Road Transport Corporation will implement a new fuel-saving initiative. The plan aims to reduce daily diesel consumption across all depots. Drivers will be trained and rewarded for efficient fuel use. Technical inspections and repairs will be prioritized. This campaign seeks to improve MSRTC's financial health and conserve national resources.
RBI tightens norms for re-appointment of directors on UCB boards
The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent directors from circumventing tenure limits. The new directions are effective immediately, ensuring better governance in these financial institutions.
Nifty reclaims 24,000 as global risk appetite rebounds
The key equity benchmarks surged on Monday as plunging crude oil prices and rising hopes of a US-Iran peace deal sparked a powerful risk-on rally across global markets. Robust buying in banking and financial stocks propelled the Nifty decisively above the 24,000 mark, while broad-based momentum lifted all sectoral indices on the BSE into positive territory.