The belief that a technology as powerful as AI can be overseen by a non-profit entity is a Utopian one
The ban on two lending products could affect customer acquisition. The risk weight increases would gobble up much of the recently raised capital for growth purposes.
There’s a growing perception that central banks are at the zenith of the interest-rate hiking cycle, but reducing QE bond portfolios would continue to tighten monetary conditions
Promoter’s personal guarantee first arose as an additional security for industrial loans made by banks and institutions in response to syphoning off funds and falsification of accounts by promoters. But over the years, it became a joke and now banks are putting in place stringent recovery systems
In today's edition of Moneycontrol Pro Panorama: Indigo hits a speed bump in October, pre-election freebies can cause more damage, OPEC sustain this market, Suzlon's business volumes yet to reach optimal levels, and more
The key lesson from the recent RBI action that stops two Bajaj Finance products from lending is: Treat thy consumers with respect
The AI company depends on Microsoft’s cloud computing resources and the $10bn investment it pledged
The strain on the fiscal front is not worth the purported benefits that may accrue to political parties
It’s one thing for institutions to exchange value among themselves in private digital networks supervised by a central authority, but things could get messy with intermediaries selling tokenised stocks, bonds or funds to the public in an open marketplace where anyone can participate anonymously, especially with scams abounding
While there is no complaining about M&M’s utility vehicle segment, the anticipated weakness in tractor sales may be a drag on profitability
Some leading companies like OpenAI, Alphabet Inc, Anthropic and Meta Platforms Inc have plenty of GPUs. Alibaba, with $63 billion in cash and annual free cash flow topping $27 billion, finding itself caught short on one of the most important facets of its most-promising business, have led investors to dump the stock, wiping out close to $25 billion in market value in a matter of days
The market for electric vehicle has become sharply more competitive, as Tesla’s own sinking margins and missed sales estimates show, with price cuts indicating buyers are thinking twice about EVs. Even before his endorsing of an anti-semitic tweet, Musk has been at risk of alienating Democrats since his Twitter (X) purchase
Since 1967, the global community has called for a two-state solution. But instead since the Oslo Accords in 1993, it’s been clever by half measures – more land grabs, more illegal settlements, an increased cycle of violence, all in the West Bank, an area sans Hamas, debunking the myth that it’s all about Hamas
The company’s market share declined by 80 basis points in October from September 2023
Whether board members were justified in seeking to remove Altman isn’t the real issue. What’s truly important is that the board made a decision that was almost instantaneously overturned by the sheer power and popularity of a trailblazing cofounder
The company has to rapidly grow its business volumes
By nature, NBFCs tend to have looser credit covenants than banks and are more flexible in terms of taking on riskier assets. Tell-tale signs of trouble are already emerging through the increase in delinquencies for smaller NBFCs and even for larger lenders in the September quarter
The oil cartel may push for oil output cuts to shore up prices but it’s a buyers' market
In Europe, natural gas is about five times more expensive than in the US. Right now, it’s cheaper to buy ethylene in Texas and ship it across the Atlantic for further processing in EU than producing it at home. With petrochemical companies doing that, the net result is loss of economic activity in Europe, erosion of trade balance in chemical products and, ultimately, the loss of jobs and energy security
Everyone from Biden to the European Union and Israel’s own Shin Bet security service have warned Netanyahu that, unless the settlers are reined in, their rampages could spark widespread violence in the West Bank, in Israel itself, and spill into the wider region
Host UAE is pulling out all stops to make the summit on global warming a success, and is aided by implicit and explicit support from New Delhi to the Vatican
In today's edition of Moneycontrol Pro Panorama: India using global forum to tweak its diplomacy, differing visions of AI, a reprieve for China after Biden meet, India Inc's boardrooms need to look younger, and more
Australia steered clear off conventional wisdom as a dry and slow wicket in Ahmedabad backfired on Team India
The run-up to winter in Europe and China usually marks a dull period for the steelmaking input, but it’s recently hit an 8-month high
The past two years have seen the largest drop in the nation’s share of global GDP since the Mao era
