Tag: banking sector
ASML to Cut Around 1,700 Jobs in AI‑Driven Reorganisation
ASML, the Dutch semiconductor‑equipment giant that holds a near‑monopoly on advanced lithography tools used to manufacture cutting‑edge chips, is planning to cut roughly 1,700 jobs, or about 4 per cent of its 44,000‑person workforce. The move was announced in January alongside the company’s record full‑year revenue of €32.7 billion and signals a major internal reorganisation aimed at streamlining operations even as demand for advanced...
MeitY Proposes Continuous Labelling for AI‑Generated Content
The Ministry of Electronics and Information Technology (MeitY) has proposed that all content generated with the help of artificial intelligence carry a continuous and clearly visible label alerting users that the material has been synthetically created. The draft amendment to the Information Technology Rules (Intermediary Guidelines and Digital Media Ethics Code), 2021 requires that the labelling must remain on display for the entire duration...
RBI to Infuse $10B via Forex Swap to Ease Liquidity Crunch
The Reserve Bank of India (RBI) has announced a $10 billion dollar/rupee forex swap auction scheduled for February 28, aimed at injecting durable rupee...
IIM Study: Green Lending Boosts Bank Stability
Indian banks that prioritize green loans in their credit portfolios experience long-term financial stability, according to a study by the Indian Institute of Management...
