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.

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

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.

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.

India will need increased climate finance to scale up wind and solar capacities to over 600 gigawatt, a study said on Tuesday.

Enhanced international cooperation, including the provision of grants and concessional finance help to mobilise private capital, is urgently needed to ensure emerging and developing countries benefit equally from the renewables rollout, the report by Climate Analytics and NewClimate Institute said.

The EBITDA of IPO-bound travel tech platform OYO is expected to cross ₹2,000 crore in 2025-26 with the American budget hotel chain Motel 6 adding substantially to its topline, according to documents.

The slower deposit growth will push banks to mop-up up to ₹1.3 lakh crore from bond issuances in FY25, a report said on Tuesday.

Public audit bodies must address growing risks such as -- privacy breaches, algorithmic biases, and social exclusion, as governments are increasing adopting AI and emerging technologies to deliver services, CAG of India Girish Chandra Murmu said on Tuesday.

ELFC, which had previously claimed USD 16.7 million, has agreed to settle for an undisclosed amount, which is lower than the initial claim, the Gurugram-based airline said in a statement.

The Delaware Supreme Court ruling has affirmed that edtech firm BYJU's has defaulted on Term Loan B.

S&P Global Ratings on Tuesday retained India's growth forecast at 6.8% for the current fiscal and said it expects the RBI to start cutting interest rates in its October monetary policy review.

US President Joe Biden and his counterpart from the United Arab Emirates Sheikh Mohamed bin Zayed discussed the progress of the landmark India-Middle East-Europe Economic Corridor (IMEC) and underscored its potential to usher in a "new era of international connectivity."

Markets regulator SEBI on Monday imposed a penalty of ₹1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter.