Star Union Dai-ichi Life Insurance (SUD Life) and IBM's fintech partner QuantumStreet AI on Tuesday announced their collaboration to design Gen-AI-based investment products.

The partnership will incorporate IBM's enterprise AI platform watsonx into the investment offerings of SUD Life, aiming to provide superior performance in the large-cap space.

Apex exporters body FIEO on Tuesday urged the government to extend the interest subvention scheme for five years to help increase credit flow in the sector in order to boost the country's shipments, which registered a steepest decline in 13-month falling 9.3% in August to $34.71 billion.

SBI Chairman C S Setty has said the bank has already got ₹4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year.

"We see a good amount of interest in private capital expenditure. The infrastructure financing, of course, is mainly coming from the roads, renewable energy, and some of the refineries," he told PTI in an interview. R

India's Sagar Defence on Tuesday announced a partnership with Liquid Robotics, a Boeing company, for co-development and co-production of scaled Uncrewed Surface Vehicle (USV) systems.

The announcement came three days after Prime Minister Narendra Modi and US President Joe Biden, in their talks in Wilmington, welcomed teaming of the two companies.

Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of ₹10,179 crore in the ongoing all-India drive against fake companies set up to defraud the exchequer, a senior official said on Tuesday.