Beijing accused US artificial intelligence firms Monday of using Chinese examples to train their models, days after Washington threatened sanctions on Chinese firms for allegedly stealing American technology.“It is understood that many American artificial intelligence enterprises have distilled Chinese models during their research, development and training processes,” the Chinese commerce ministry said in a statement.Distillation…
BENGALURU: Canara Bank plans to raise $2.3-2.5 billion through foreign-currency deposits under RBI’s FCNR(B) deposit swap window, its MD and CEO Brajesh Kumar Singh told TOI.The bank has already mobilised around Rs 7,300 crore through the scheme in July. Canara Bank’s loan book grew nearly 18% in the June quarter, outpacing the 11.6% increase in…
MUMBAI: A recent data leak following a cyberattack reported by Bank of Baroda pertained to information in one employee’s email account and that the bank’s systems were robust and unaffected, the bank said.“The bank has robust information security protocols in place. The incident involved compromise of an employee’s email account, resulting in unauthorised access to…
Stock Market Today Live Updates: Market benchmark indices Sensex and Nifty rebounded in early trade on Monday following a sharp decline in crude oil prices amid easing tensions in the West Asia. The 30-share BSE Sensex jumped 566 points to 76,608.66 in early trade. The 50-share NSE Nifty surged 153.60 points to 23,923.30. Brent crude,…
Gold Rate Today: Precious metals likely to stay volatile, range-bound amid uncertain US-Iran truce, say experts Precious metals are expected to remain volatile and trade within a range as uncertainty over the fragile US-Iran truce continues to cloud the outlook for crude oil prices, according to market and commodities experts. Crude oil prices fell sharply…
The Reserve Bank of India‘s concessional swap facility could attract $80-85 billion in foreign currency inflows, led by strong Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, according to an SBI research report released on Monday.The report, Ecowrap, said the RBI’s swap scheme has already brought in nearly $20 billion in inflows by July 17, providing a…
India’s Rs 100 crore income club is no longer as exclusive as it once was. More people are reporting nine-figure incomes in their tax returns, with the number rising to 576 in the 2025-26 assessment year, four times the count recorded five years ago, according to data shared by the government in Parliament on Monday.The…
The board also issued warning letters to the other employees involved in the case. HDFC Bank‘s board has imposed a monetary penalty of Rs 1 lakh each on its three senior-most executives – Managing Director and Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head (Retail Assets) Arvind Vohra. The penalty…
Global equity markets mostly traded higher as easing tensions between the US and Iran triggered a sharp decline in oil prices. US stock market today: US stocks opened higher on Monday while oil prices tumbled after the United States and Iran suspended military action and resumed efforts to restart negotiations aimed at ending the conflict….
Missing the due date or failing to file altogether can have far-fetched consequences, including losing certain tax benefits also. ITR filing FY 2025-26: For individuals who have still not filed their income tax return for AY 2026-27 – the clock is ticking as the July 31, 2026 deadline approaches. Those with professional or business income…
