Tag: RBI

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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RBI Governor Urges Banks to Bolster Cybersecurity

Sanjay Malhotra, the RBI Governor, has called on public and private sector banks to fortify their defenses against the growing threat of digital frauds....

New RBI Guidelines to Secure Digital Transactions

The Reserve Bank of India (RBI) has issued new guidelines for banks, financial institutions, and payment system participants to combat rising digital fraud. A...

RBI Forms Expert Committee to Establish Ethical AI Framework for Financial Sector

In a significant move to ensure responsible and ethical adoption of Artificial Intelligence (AI) in India’s financial sector, the Reserve Bank of India (RBI)...

Reserve Bank of India Moves 100 Metric Tonnes of Gold Reserves to India

The Reserve Bank of India (RBI) has transferred 100 metric tonnes of its gold reserves from the United Kingdom to domestic vaults. This significant...

RBI Opens Doors for Multiple Self-Regulatory Organisations in Fintech Industry

With the Reserve Bank of India (RBI) opening the door for multiple self-regulatory organisations (SROs), various entities are gearing up to seek approval for...