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TechnologyPhoto: TOI BusinessRBI Governor Sanjay Malhotra highlighted the importance of keeping all data centres sovereign to ensure the resilience of the financial system. He noted that information technology is now a core function of RBI, with secure, sovereign data centres and strong cybersecurity capabilities becoming increasingly critical as AI transforms technology.
TOI Business·
WorldPhoto: Deccan HeraldA recent incident in Shivamogga during Dasara, where a tamed elephant ran amok, has reignited debate on using elephants in religious and cultural events. Experts warn this practice violates laws, endangers elephants and public safety. Traditionally used in Mysuru Dasara, elephants carry heavy howdahs, but similar processions now occur in multiple Karnataka towns. Calls grow for alternative celebration methods respecting animal welfare and legal compliance.
Deccan Herald··Shivamogga
BusinessPhoto: Mint CompaniesIIFL Capital Services Ltd., controlled by Fairfax, is expanding its wealth management division by hiring four senior private bankers from Barclays Plc. The move aims to target ultra-high-net-worth families, business promoters, and non-resident Indians, strengthening IIFL's presence in the wealth management sector.
Mint Companies··Mumbai
BusinessPhoto: ET MarketsBlackRock Investment Institute has not adopted a bullish stance on Indian equities due to ongoing uncertainties. The firm awaits clearer signals on corporate earnings and energy prices before revising its outlook. Despite high energy costs, India's economic resilience stands out amid geopolitical tensions. Foreign investors have been net sellers of Indian equities for several months, affecting market performance.
ET Markets·
BusinessPhoto: Mint CompaniesEternal’s District, an out-of-home consumption platform, is exploring partnerships with property owners and governments to build dedicated live-event venues. This initiative aims to scale its events business while strengthening defenses against disruptions caused by AI technologies. The move focuses on reducing concert costs and enhancing the live-event experience amid growing AI challenges.
Mint Companies·
EntertainmentPhoto: TOI EntertainmentRanabaali has shown a modest increase in box office sales during its second weekend, earning Rs 2.90 crore on Sunday. The film's total net collections have reached Rs 53 crore, with around 246,584 tickets sold on Sunday. Its worldwide gross currently stands at Rs 73.65 crore after 10 days of release.
TOI Entertainment·
TOI Business·
Photo: TOI BusinessRBI Governor Sanjay Malhotra highlighted the importance of keeping all data centres sovereign to ensure the resilience of the financial system. He noted that information technology is now a core function of RBI, with secure, sovereign data centres and strong cybersecurity capabilities becoming increasingly critical as AI transforms technology.
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