May 17, 2016 - Tech start-ups come up with some creative definitions for

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              from India Finance






Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Some students at Georgia Tech nominated Jill Watson as 'Outstanding Teaching Assistant' this spring, which was music to the ears of computer science professor, Ashok Goel. The students weren't aware, but Jill was an artificial intelligence bot. Now Goel is forming a business to bring the chatbot to the wider world of education. While he doesn't foresee the chatbot replacing teaching assistants or professors, he expects the chatbot's question-answering abilities to be an invaluable asset for massive online open courses, where students often drop out and generally don't receive the chance to engage with a human instructor. With more human-like interaction, Goel expects online learning could become more appealing to students and lead to better educational outcomes

Government Extends Credit Guarantee Scheme To 27 Sectors

The scheme was announced by the government earlier this month as part of the Atmanirbhar Bharat 3.0 package.

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Today's TradeBriefs Cartoon

British insurer Aviva plans to sell its businesses in India, other markets

Aviva expects to pay a total 2020 dividend that is a third less than before the coronavirus outbreak and is exploring options

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Amazon Pay, Paytm Payment Bank, PhonePe, Mobikwik are NPCI’s new shareholders among total 67 entities

Amazon Pay India, PayU Payments. PhonePe, Pine Labs, Paytm Payments Bank, IDFC First Bank, Standard Chartered Bank, etc., have 0.44 per cent shareholding each while MobiKwik and India Post Payments Bank have 0.04 per cent shareholding each.

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India risks losing to a China-backed trade bloc defeating very reason it exited last year

Modi pulled out of whats now the worlds largest free-trade agreement to appease farmers and touted the exit as a victory for Indias poor, but things have gone downhill for the economy since the coronavirus outbreak.

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Nykaa Records Another Profitable Year With INR 1,860 Cr Revenue

Nykaa has recorded a revenue of INR 1,860 Cr with a EBITDA of INR 94 Cr for the financial year 2020. The company also raised funding

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Proposal to allow business houses into banking a good-looking step in bad direction: Kaushik Basu

Basu further said that there is a good reason why all successful economies have a clear dividing line between industries and corporations on the one hand, and banks and lending organizations on the other.

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RBI's culpability in Lakshmi Vilas Bank's failure needs to be looked into: AIBEA

In a letter to Finance Minister Nirmala Sitharaman on Wednesday, the All India Bank Employees Association (AIBEA) said the approach of merger of the Tamil Nadu-based lender with Indian subsidiary of a Singapore-based bank is opposite to the policy of Aatmanirbhar Bharat professed by the government.

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Bombay HC refuses to stay merger of Lakshmi Vilas Bank, DBS

"We are refusing the interim relief sought by the petitioners to stay the amalgamation. The petitions shall be placed for hearing on December 14 when the respondents (Reserve Bank of India, LVB and DBS Bank India) shall file their affidavits in reply," the court said.

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BharatPe eyes $5 billion annualised transaction value from PoS biz in FY21

The point of sale (PoS) business now contributes to 25 per cent of the annualised transaction value, according to a statement.

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Metros, rural centres are dragging loan growth down for banks

Rural centres saw credit growth drop sharply to 11.8% in the Sept quarter from 14.8% a year earlier, showed granular data from the RBI. Even semi-urban areas showed a marked deceleration

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HDFC Bank, ICCI join hands to support SMEs, start-ups

ICCI will evaluate and recommend potential start-ups /SMEs /MSMEs for investments

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NPCI allows payment banks and fintechs to be shareholders

NPCI had made an offer for the private placement to 131 RBI regulated entities, of which 19 showed interest and were allotted shares in NPCI.Last month, UPI-payments in the country crossed the 2 billion transaction count

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CBI files FIR against rice export firm, executives for cheating Canara Bank-led consortium of over ₹1200 crore

New Delhi, The CBI has booked Delhi-based Amira Pure Foods Pvt Ltd and its top executives including promoter Karan Chanana and Managing Director Rajesh Arora

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PMC Bank depositors on hunger strike in Mumbai, seek relief from RBI

They say if their grievances are still not redressed, they will be forced to go on an indefinite hunger strike

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Over Rs 10 lakh crore loans under Mudra Yojana created 51 lakh entrepreneurs between 2015-18: Irani

Addressing an awards ceremony virtually, the Minister for Women and Child Development and Textiles also thanked Covid warriors, many of whom died in the line of duty across the country.

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ED arrests Cox and Kings promoter Peter Kerkar in money laundering case

Cox and Kings owes Rs 5,500 crore to banks and financial institutions and it is one of the top borrowers of Yes Bank Ltd when co-founder Rana Kapoor was heading it.

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