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Sebi chairperson Tuhin Kanta Pandey highlighted the dual nature of AI in securities market regulation, acknowledging its power for surveillance while warning of risks like opacity and bias. He emphasized the need for regulation to shift from supervising institutions to systems and technology, advocating for anticipatory, resilient markets.
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News and Media
India is becoming a key player in AI-driven financial innovation, according to LSEG CEO David Schwimmer. He highlighted the country's digital infrastructure and talent as crucial for transforming global capital markets. Schwimmer emphasized that data integrity is paramount for trusting AI outcomes and driving responsible adoption across the industry.
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News and Media
Indian equity markets experienced a significant downturn, with the Nifty and Sensex falling 1.3% and 1.1% respectively for the week. A sharp selloff in IT stocks, triggered by AI disruption fears in the US economy and rapid job losses, led the decline. The IT index saw its steepest weekly losses in 10 months, wiping out substantial market value.
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News and Media
Indian IT firms are adapting to new AI models that promise to revolutionize software development. Despite recent stock sell-offs, companies are investing in AI training and partnerships, ensuring their continued relevance. Strong deal wins and favorable valuations suggest a resilient future for the sector.
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News and Media
The Securities and Exchange Board of India (Sebi) is proposing to review the base price and price bands for Exchange-Traded Funds (ETFs). Currently, a fixed 20% price band is applied, which Sebi believes doesn't accurately reflect underlying volatility. The regulator aims to address issues with using T-2 day NAV and manual adjustments for corporate actions.
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News and Media
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