Mumbai, Dec 05 (ANI): While briefing the media in Mumbai, Reserve Bank of India Governor Shaktikanta Das said, "As regards the external sector, exports contracted in September-October 2019 reflecting the persisting weakness in global trade but non-oil export growth returned to positive territory in October, after a gap of 2 months".

Non-oil export growth returned to positive territory in October after 2 months: Shaktikanta Das

The two-wheeler giant had only 14 per cent of the electric two-wheeler market in May this year, but its 26.8 per cent in December

The Competition Commission of India (CCI) has approved Murugappa family affiliate Mavco Investments and Avenue Capital Group's proposal to acquire Germany-based MHM Holding.
MHM Holding is the parent company of Hubergroup, a global player in the printing ink and chemicals industry. It has global footprint in growth markets such as Asia and India.
The New York-headquartered Avenue Capital Group through its arm, Avenue India Emergence Pte, while Mavco Investments, a private investment vehicle belonging to select members of the Murugappa family, is acquiring a stake in MHM Holding.
"Pursuant to the share purchase agreement (SPA) executed between MHM Beteiligungsgesellschaft mbH and MHM Vermogensverwaltungs GmbH (the sellers), Avenue and Mavco had agreed to be severally responsible to acquire 100 per cent of the shares in MHM Holding GmbH (target) from the sellers," a notice submitted with the CCI said.
Subsequently, Avenue and Mavco would incorporate a joint venture company (to be ...

MHM Holding is the parent company of Hubergroup, a global player in the printing ink and chemicals industry. It has global footprint in growth markets such as Asia and India

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The Reserve Bank on Thursday announced the setting up of an eight-member committee to develop a framework for responsible and ethical enablement of artificial intelligence (FREE-AI) in the financial sector.
Headed by IIT Bombay professor Pushpak Bhattacharyya (Department of Computer Science and Engineering), the panel will assess the current level of adoption of AI in financial services, globally as well as in India.
It will also review regulatory and supervisory approaches on AI with focus on the financial sector globally.
The panel will also identify potential risks associated with AI, if any, and recommend an evaluation, mitigation and monitoring framework and consequent compliance requirements for financial institutions, including banks, NBFCs, FinTechs, PSOs, etc.
The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models / applications in the Indian financial sector, the RBI said.
The other members of the panel are: .

The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models / applications in the Indian financial sector

A Member of the Rajya Sabha from 1991 until April 2024, Singh served as Leader of the Opposition from 1998 to 2004

Prime Minister Narendra Modi on Thursday chaired the meeting of the ICT-based multi-modal platform PRAGATI (Pro-Active Governance and Timely Implementation) involving the Centre and state governments, and reviewed projects worth over Rs one lakh crore.
An official statement said eight significant projects, which included six metro train projects and one project each related to road connectivity and thermal power, were reviewed in the meeting.
Modi stressed that all government officials must recognise that project delays not only escalate costs but also hinder the public from receiving the intended benefits.
Noting that more and more cities are coming up with metro projects as one of the preferred public transport systems, he called for conducting workshops for cities where projects are under implementation or in the pipeline to capture the best practices and learnings from past experiences.
During the review, Modi stressed the importance of timely rehabilitation and resettlement of

An official statement said eight significant projects, which included six metro train projects and one project each related to road connectivity and thermal power, were reviewed in the meeting

The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living costs, if they opt for a 2020 tax system that strips exemptions like housing rentals

The steel ministry believes that a higher import duty, if implemented, could mitigate the adverse effects of a rise in cheaper imports of finished steel, particularly from China

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Non-oil export growth returned to positive territory in October after 2 months: Shaktikanta Das

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