The FinTech Hub
Source: Live Mint Perhaps the best-known risk is embodied by the killer robots in the “Terminator” films—the idea that AI will turn against its human creators. The tale of the hubristic inventor who loses control of his own creation is centuries old. And in the modern era people are, observes Chris Dixon, a venture capitalist,…
Source: Live Mint The new scheme is meant to be faster and easier than filing an appeal with the Commissioner of Income Tax (Appeals) – CIT(A) – but one particular condition makes it the less attractive option and begs the question: is this just another toothless provision from the tax department? What is e-DRS? Until…
Source: Live Mint Indian stocks plunged on Friday, as nervous investors took money off the table before the release of tepid US jobs data for August. The US Federal Reserve is expected to rely on key hiring data to decide the quantum of rate cuts in the world’s largest economy later this month. Breaking a…
Source: Live Mint From diagnosing diseases to conjuring cool images, artificial intelligence (AI) had a free run for long. That may be about to end. The Bureau of Indian Standards (BIS) is preparing a comprehensive set of standards for AI-related applications in India, two people directly involved in the process said. The bureau is consulting…
Source: Live Mint I hear many claims are rejected due to non-disclosure of pre-existing diseases. What if I insist on the insurance company doing my medical check-up? Do they accept such a request? —Name withheld on request When it comes to health insurance, non-disclosure of pre-existing diseases is a leading cause of claim rejections. Understandably,…
Source: Live Mint Mumbai: In a fresh salvo against Madhabhi Puri Buch, the Congress party has alleged that the chair of the Securities and Exchange Board of India earned rental income from an associate firm of Wockhardt Ltd that was investigated for insider trading last year. The principal opposition party claimed that Buch received about…
Source: Live Mint Sam Altman’s OpenAI is reportedly on the verge of unveiling a new artificial intelligence (AI) model that promises substantial improvements in the mathematical and reasoning capabilities of its popular chatbot, ChatGPT. According to a report from The Information, this project is under the codename “Strawberry,” this advanced AI model has been under…
Source: Live Mint Possessing a credit card is not only uncommon but somewhat close to financial necessity in current times. However, before you procure a credit card, be mindful of a number of thumb rules; for instance, the unpaid dues accrue a very high rate of interest — sometimes as high as 3-4 per cent…
Source: Live Mint The Sukanya Samriddhi Yojana (SSY), a small deposit savings scheme introduced by the Indian government in 2015, continues to provide attractive returns for parents investing in their daughters’ futures. As part of the Beti Bachao Beti Padhao campaign, the SSY aims to support the educational and financial needs of girl children across…
Source: Live Mint The Indian Marlboro cigarette maker Godfrey Phillips India Limited announced that the company’s Board of Directors will meet on September 20 to discuss and consider a bonus issue of shares, according to the company’s Bombay Stock Exchange (BSE) filing on Friday, September 6. “We wish to inform that a meeting of the…
