Soaring vegetable prices pushed the retail inflation rate to a nine-month high of 5.49 percent in September, according to government data released on Monday.

The consumer price index (CPI)-based retail inflation rate was 3.65 percent in August and 5.02 per in September 2023. The previous high inflation rate was witnessed in December 2023 at 5.69 percent.

Markets regulator SEBI on Monday introduced a framework to monitor shareholding limits, public shareholding requirements, and the "fit & proper" criteria for Market Infrastructure Institutions (MIIs), which include stock exchanges, clearing corporations, and depositories.

This framework applies to both listed and unlisted MIIs, requiring them to disclose their shareholding patterns quarterly on their websites as per SEBI's Listing Obligations (LODR) norms, the regulator said in a circular.

The Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson and James A. Robinson for “studies of how institutions are formed and affect prosperity.” The Nobel Committee announced the laureates on Monday, October 14, from Stockholm, Sweden.

Concerned over the high reliance on AI and machine learning in the banking space, Reserve Bank of India Governor Shaktikanta Das on Monday said lenders ought to ride on the advantages of big tech and not the other way round.

Stressing that the latest technological advancements such as artificial intelligence (AI) and machine learning (ML) have opened new avenues of business and profit expansion for financial institutions, he said, these technologies also pose financial stability risks.

Amazon India on Monday announced the Smbhav Hackathon 2024, a nationwide competition aimed at developing next-generation technologies and AI-driven innovations specifically for small and medium businesses (SMBs) in the e-commerce sector.

The hackathon is a precursor to Amazon Smbhav 2024, the fifth edition of the company's flagship annual summit in India. For this event, Amazon has collaborated with Startup India, the Department for Promotion of Industry and Internal Trade (DPIIT), the National Innovation Foundation (NIF) - India, and the NIF Incubation and Entrepreneurship Council (NIFientreC).

Honeywell Automation India Ltd (HAIL) will provide the airfield ground lighting system for the Noida International Airport.

The contract covers the supply, installation, commissioning, and maintenance of the system on runway 10L-28R and the associated taxiways at the airport, which is expected to start commercial operations early next year.

Equity investments in Indian real estate rose 46 percent to $8.9 billion during January-September this year, according to CBRE.

Real estate consultant CBRE noted that the equity investment in real estate is the highest since the 2018 calendar year. Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, real estate fund-cum-developers, investment banks, corporate groups, and REITs, etc.

The Ministry of Skill Development & Entrepreneurship on Monday said it has entered into a partnership with Meta to launch an AI Assistant for the Skill India Mission and establish five centres of excellence in virtual reality and mixed reality.

Under the partnership, an innovative AI-powered chatbot powered by Meta's open-source Llama model will be developed to enhance the learner experience on the Skill India Digital (SID) Portal.

The wholesale price inflation rose to 1.84% in September as food items, especially vegetables, turned costlier, as per the government data released on Monday.

TAC InfoSec Ltd, a global cybersecurity company specialising in vulnerability management, on Monday announced its partnership with Google as an authorised lab for Mobile Apps Security Assessment (MASA) for Developers on Play Store as a part of App Defence Alliance (ADA).

Passenger vehicle wholesales India witnessed declined 1% year-on-year to 3,56,752 units in September.

The total dispatches to dealers from companies stood at 3,61,717 units in September 2023, the Society of Indian Automobile Manufacturers (SIAM) said in a statement.

Total two-wheeler sales, however, rose 16% year-on-year to 20,25,993 units last month, as compared to 17,49,794 units in the year-ago period, it added.

Total three-wheeler wholesales witnessed a 7% on-year increase to 79,683 units, as against 74,671 units in September 2023, SIAM said.

Reserve Bank Governor Shaktikanta Das on Monday made a case for reducing time and cost of overseas remittances, which are important for developing economies.

Artificial Intelligence (AI) is enabling unmatched agility and precision but its deployment must be guided by ethical considerations and robust regulatory framework, Communications Minister Jyotiraditya Scindia said on Monday.

More than 1.55 lakh candidates have applied for the Prime Minister Internship Scheme, sources said on Sunday.

The dedicated portal for the scheme went live for registration at 5 pm on October 12 and the target for the scheme's pilot project was to have 1.25 lakh candidates.