The fall in Procter & Gamble Hygiene and Health stock came after the company announced a weak set of financial results for the fiscal and quarter ended June 30, 2024.

Artificial Intelligence and Machine Learning (AI/ML) are poised to revolutionise financial services in unprecedented ways, RBI governor Shaktikanta Das said while speaking at the Global Fintech Fest 2024. AI algorithms are already being deployed for fraud detection. Machine learning models are increasingly being employed in credit scoring, leveraging predictive analytics to assess creditworthiness, and expand access to credit. AI-driven chatbots and virtual assistants are steadily enhancing customer service experiences by providing personalised recommendations, resolving queries promptly, and improving overall satisfaction. As AI and ML capabilities continue to evolve, their potential applications in regulatory compliance, investment advisory services, and algorithmic trading are expected to further redefine the financial landscape. Looking towards the future of India’s financial landscape, the integration of cutting-edge technologies promises transformative advancements across …

National Aluminium Company (NALCO) announced that a memorandum of understanding (MoU) was signed between its joint venture, Khanij Bidesh India (KABIL) and Oil India for collaboration in projects and exploration.

RBI governor Das said while speaking at the Global Fintech Fest 2024 that the deployment of UPI-like infrastructure in foreign jurisdictions, facilitating QR code-based payment acceptance through UPI apps at international merchant locations, and interlinking UPI with Fast Payment Systems (FPS) of other countries for cross-border remittances are on top of our agenda. Based on the encouraging response we have received from several jurisdictions, we are now focusing on making the UPI and RuPay truly global, he stated. Notable progress in this direction has already been made in countries like Bhutan, Nepal, Sri Lanka, Singapore, the UAE, Mauritius, Namibia, Peru, France and a few other countries. These endeavours underscore collaborative efforts for adoption of Indias initiatives across the globe.

Sonata Software rallied 3.26% to Rs 645.30 after the company announced that it has received a large multi-year, multi-million-dollar IT outsourcing contract from a US-based healthcare and wellness company.