International Financial Services Centers Authority (IFSCA) and IIML-EIC, have signed a MoU to collaborate in supporting and facilitating FinTech and TechFin entities.

“The Memorandum of Understanding aims to put in place a framework for cooperation and understanding between IFSCA and IIML-EIC to collaborate in supporting and facilitating FinTech and TechFin entities,” an official release said.

It said IFSCA is responsible for the development and regulation of international financial services, including that of the insurance sector, in the IFSC (International Financial Services Centre) which is treated as a separate international financial jurisdiction, distinct from rest of India.

Assam government on Wednesday decided that every government employee has to work for a period of 3-5 years during the course of their service in certain geographical areas designated as ‘Durgam’ areas in the state.

The decision was taken during the state cabinet meeting held on Wednesday in Guwahati under the chairmanship of Chief Minister Himanta Biswa Sarma.

Announcing the cabinet decisions, Assam Education Minister Dr Ranoj Pegu said that, in-principle approval for the ‘Sugam to Durgam’ scheme for better citizen-centric governance and service delivery.

The start-up will be led by Musk, the CEO of Tesla and owner of Twitter

Billionaire Elon Musk's xAI on Wednesday announced the formation of the artificial intelligence (AI) start-up with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI.

The start-up will be led by Musk, the CEO of Tesla and owner of Twitter, who has said on several occasions that the development of AI should be paused and that the sector needs regulation.

"Announcing formation of @xAI to understand reality," Musk said in a tweet on Wednesday.

The 7th Deputy NSA level meeting of the Colombo Security Conclave (CSC) was hosted by the Maldives on 12 July 2023. Member States India, Maldives, Mauritius and Sri Lanka met in the virtual format. Bangladesh and Seychelles participated as Observers, a press release from the Ministry of External Affairs said.

The Indian delegation was led by Deputy National Security Adviser, Vikram Misri. The delegation of Maldives was led by Aishath Nooshin Waheed, Secretary, of the National Security Advisor’s Office of the Republic of Maldives. Delegation of Mauritius by Yoidhisteer Thecka, Principal Coordinator Security Matters, Prime Minister’s Office, Republic of Mauritius and delegation of Sri Lanka by General Shavendra Silva Chief of Defence Staff of Sri Lanka.

Chief Minister Baghel took the decision at a cabinet meeting at his residence office today

In order to promote industrial activities in Chhattisgarh, Chief Minister Bhupesh Baghel approved on Wednesday a special investment incentive package for closed and sick industries in the state.

Chief Minister Baghel took the decision at a cabinet meeting at his residence office today.

Indian shooter Ganemat Sekhon scored 120 in the women’s skeet qualifying round of the ISSF World Cup Shotgun Lonato 2023 to claim a new national record on Wednesday.

Even though she claimed a national record, Ganemat failed to win a medal along with all six Indian skeet shooters at the Trap Concaverde Shooting Range in Italy.

Ganemat, who won a silver medal in the women’s individual skeet events at the ISSF World Cup in Almaty in May, shot a perfect round of 25 but missed out on a place in the six-woman final as she finished in seventh position.

The Board of Directors of ITC has recommended reappointment of Sanjiv Puri as the Chairman and Managing Director of the company for a period of five years effective July 22, 2024. His present term will end on July 21, 2024.

“The board, on the recommendation of the committee, has also recommended for the approval of the members, re-appointment of Puri as a Director, not liable to retire by rotation, and as the Managing Director & Chairman of the company for a period of five years with effect from 22nd July, 2024,” the company said in its annual report (2023) released on Tuesday.

In a significant milestone for the AI industry, Odisha TV, an Odia-based news station, has unveiled "Lisa," India's first regional AI news anchor. Lisa's introduction marks a groundbreaking moment in TV broadcasting and journalism, with the potential to revolutionize the industry.

In a video shared by OTV on Twitter, Lisa confidently introduces herself, expressing her excitement for this historic occasion. The news station revealed that she would soon be hosting news updates, showcasing her capabilities as an AI news anchor. Lisa possesses the remarkable ability to speak multiple languages, including Odia, English, and others.

Lakshya Sen saved four game points in the second after taking the first to claim the Canada Open Super 500 at Calgary on Sunday. The six straight points he scored to win the championship showed the mental stranglehold he held over Chinese Li Shifeng throughout the game to win 21-18, 22-20 in 50 minutes.

Adding extra acceleration onto his flat drives, pouncing on every short lift and playing some ridiculously tight shots at the net, Sen went on to win his second Super 500 title of his career after the India Open, beating the reigning All England champion.

Defence Minister Rajnath Singh inaugurated Hindustan Aeronautics Limited (HAL) regional office in Kuala Lumpur today. The Defence Ministry said this regional office will boost the defence industrial collaboration between India and Malaysia and serve as a hub for the HAL’s engagement with the South-East Asian region.

During the last day of his official visit, Mr. Singh interacted with the Indian diaspora and urged them to work incessantly for shared prosperity underlining the spirit of Vasudhaiva Kutumbakam. He said, Malaysia is home to the second largest members of the Persons of Indian Origin and has a significant presence of the NRI community. In a separate event, Mr. Singh interacted with the members of the diverse and vibrant Indian community in Malaysia. He appreciated their deep-rooted and close connection with India. The Minister highlighted that the country’s prestige and stature on the global stage have increased under the leadership of Prime Minister Narendra Modi.