Stay updated with breaking news from Offering College. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
Angel One, the countrys third largest stock broker, is set to undertake a major corporate restructuring exercise, according to two people in the know. Angel One is setting up a holding company under which all its different business entities will be held as subsidiaries.
A lot of the recent action is due to what we are seeing in global markets as well. So, I am not sure how much of it is solely related to the upcoming elections. However, there is some short-term risk if we close below, say, 22,550, where we are right now.
In a scenario where we witness continuity in the government, it's likely that FIIs will return. They've been selling and feeling the impact of it, thus being major underperformers compared to domestic mutual funds or overall domestic funds during this rally.