The Reserve Bank of India (RBI) on Tuesday proposed a revised disclosure framework under Basel III norms that would require banks to publish more detailed information on capital adequacy, leverage, liquidity and risk exposure, in a move aimed at strengthening transparency and market discipline, PTI reported.Under the proposed framework, banks would be required to make…
Standard Chartered will eliminate roughly 7,800 jobs by 2030, around 15 per cent of its corporate functions, as the Asia-focused lender leans on AI to slim down its back office. The bank employs nearly 82,000 people worldwide, and more than 52,000 of them sit in the corporate functions being targeted.CEO Bill Winters, the UK’s longest-serving…
NEW DELHI: An official of the Indian High Commission in Chattogram was found dead inside the mission premises on Tuesday, according to a report by bdnews24.com.The deceased was identified as Narendra, 38, who was serving as an assistant protocol officer at the Indian mission. He hailed from Chandigarh in India. His body was recovered from…
There are many ways to measure a civilisation, but one of the more reliable methods is to examine what it does with cats. Cleopatra had Egypt, the Nile, Roman generals losing their minds in her general direction, and a place in history so large that Elizabeth Taylor needed four hours and several costume changes to…
Anthropic CEO Dario Amodei told WSJ at the World Economic Forum in Davos that software is heading toward being “cheap, maybe essentially free,” warning that whole careers built around writing code may not survive the AI shift. The Anthropic chief executive also predicted SaaS incumbents leaning on code complexity as a moat could “go bust”…
NEW DELHI: In the shadowy corridors of north India’s underworld, a gangster’s name has often been more than just an identity — it has been a GPS coordinate. For decades, the most notorious figures of Delhi, Haryana and Punjab defined themselves by the soil they sprang from.Neeraj Sehrawat became Neeraj Bawana, Suneel Maan preferred Tillu…
RAIPUR: Amid Union home minister Amit Shah’s visit to Chhattisgarh, mobile phone of a senior BJP leader and former Assembly Speaker Dharamlal Kaushik was allegedly snatched by bike-borne miscreants during a morning walk in Raipur on Monday, sparking a fresh political row over law and order in the state capital. However, the police nabbed the…
In 1956, independent India was just nine years old, and as a sovereign republic, the country was just five years old.As the country was finding its footing, former Prime Minister Jawaharlal Nehru authorised Hindustan Aeronautics Limited (HAL) to build a supersonic fighter aircraft. Until then, only the United States, the Soviet Union, the United Kingdom,…
India and the United Arab Emirates have elevated their defence relationship to a new level in 2026, moving beyond symbolic cooperation into joint industrial production, maritime security, and cyber defence. The agreements signed during Prime Minister Narendra Modi’s May visit to Abu Dhabi mark a decisive shift in the Comprehensive Strategic Partnership, positioning the UAE…
Mistral co-founder Arthur Mensch has a major US technology dependency warning for Europe. The CEO of the French artificial intelligence (AI) startup has warned that Europe has a two-year window to develop its own AI infrastructure or risk becoming dependent on American technology companies for computing power, energy and AI systems.Speaking during a hearing on…
