Latest news with #AI
Time of India
8 minutes ago
- Business
- Time of India
Rs 15,000cr: IPO market set for busy week
India's primary market is set for its busiest period this year, with at least four companies planning to raise a total of Rs 15,000 crore through IPOs next week. Kalpataru , Ellenbarrie Industrial Gases, and Globe Civil Projects will start share sale on Tuesday. HDB Financial plans to launch its Rs 12,500-crore IPO on June 25. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
South China Morning Post
29 minutes ago
- Science
- South China Morning Post
Hong Kong Science Fair showcases local students' AI and tech innovations
[The content of this article has been produced by our advertising partner.] Hong Kong is rapidly emerging as a global hub for innovation and technology (I&T), with a strong focus on artificial intelligence (AI) and the cultivation of young talent. Driven by forward-thinking government strategies, the city is accelerating advancements in AI and other cutting-edge technologies and creating dynamic opportunities for the next generation of tech pioneers to build a thriving innovation ecosystem. A vital part of this trend is the organisation of I&T events that inspire and equip young minds with the tools to explore new technologies, collaborate with industry leaders, and transform bold ideas into reality. The Hong Kong Science Fair (Science Fair), organised by the Hong Kong Innovation Foundation (HKIF) annually, supports the local innovation ecosystem. Returning for its fourth edition on June 28 and 29 at the Hong Kong Convention and Exhibition Centre, the event has become an important showcase for inventions. Professionals, academics, families, and science enthusiasts gather to explore new ideas and engage with the next wave of innovators. A launchpad for ideas The Science Fair attracts tens of thousands of visitors, offering hands-on workshops and a chance to discover 120 shortlisted student projects under the inspiring theme 'Think Big, Be Innovative.'
Time of India
31 minutes ago
- Business
- Time of India
Oil prices jump as Israel-Iran conflict keeps markets on edge
Representative Image Oil prices rose on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential US involvement kept investors on edge. Brent crude futures were up $1.48, or 1.9%, to $78.18 a barrel. US West Texas Intermediate crude for July was up $1.72, or 2.3%, at $76.86. Trading volumes were light on Thursday due to a US federal holiday. Goldman Sachs said on Wednesday that a geopolitical risk premium of about $10 a barrel is justified, given lower Iranian supply and risk of wider disruption that could push Brent crude above $90. Reuters Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
33 minutes ago
- Business
- Time of India
RBI eases norms for loans to projects like roads and ports
MUMBAI: RBI has eased regulations for project financing, which will make it less expensive for lenders to provide loans for infrastructure and industrial projects like roads, ports and power plants. The move acknowledges varying risk levels across sectors. The regulator has finalised its project finance guidelines, effective Oct 1, 2025, offering more flexible and sector-specific norms. Key changes include reduced general provisions for under-construction and operational projects. Penalties for project delays have also been eased. In the earlier draft, a delay beyond two years (infrastructure) or one year (non-infrastructure) attracted a 2.5% provision. Now, it's reduced to about 0.4% and 0.6% per quarter of delay, respectively. Projects financially closed before Oct 1, 2025, are exempt - unless there's a credit event or major loan restructuring. Instead of a flat 5% provision, commercial real estate (CRE) projects need 1.25% during construction and 1% when operational; CRE-residential housing requires 1% and 0.75%, while others need 1% and 0.4%. The definition of credit events is now clearer, excluding vague clauses like "NPV (net present value) diminution." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo It focuses on tangible signs like default, DCCO (date of commencement of commercial operations) extension, or financial stress. RBI has also simplified delay categorisation: Infrastructure projects can defer DCCO by up to three years; non-infra, including CRE and CRE-residential housing, by two. Also, financial closure means 90% of funding is legally committed, with regulatory approvals tied to milestones instead of closure date - offering more realistic compliance. The overall framework is more practical, aiding developers and lenders alike. The earlier draft norms were announced by then RBI governor Shaktikanta Das. His successor, Sanjay Malhotra, had announced that the norms would not enforced in FY25. Commercial banks with substantial project finance portfolios would have faced a sharp rise in provisioning requirements, directly impacting their capital adequacy and profitability had RBI stuck to the earlier provisioning norms. Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), which together hold more than Rs 16 lakh crore in project loans, were highlighted as among the most exposed to these draft norms Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Perth Now
an hour ago
- Science
- Perth Now
AI threatens to widen gender gap for regional girls
Artificial intelligence could disrupt more than just technology – it could widen the gender gap between boys and girls studying science, technology, engineering and maths. Women 4 STEM spokeswoman Sharon Samson issued the warning on Friday, while calling for industry, educators and governments to do more to encourage girls to study science and to support women to stay in STEM careers. AI technology has become a major force in Australian business, with the National AI Centre finding 40 per cent of small to medium enterprises use the technology. But its widespread adoption could put girls at a further disadvantage, Ms Samson said, as they were less likely to study technology subjects due to cultural biases, narrow framing, and a lack of role models. "What we're noticing is that AI is (widening) some of the gender gap," she said. "While we're desperately trying to work with the government to put in place measures to ensure we close the gap, it is widening behind us." Only three in five girls were likely to choose a STEM subject in grades six to eight, according to a survey by YouthInsight, compared to four in five boys. Ms Samson said AI could exacerbate the problem for girls as they were increasingly choosing to study in areas "ripe for disruption" by the technology, including accounting, clerical work, bookkeeping and retail jobs. The gap was more stark in regional areas of Australia, she said, where some educational facilities did not have access to generative AI technology or teachers trained to use it. "Some schools are nailing it – they've got a great teacher, they've got a great curriculum, and they're consuming all the wonderful outcomes," Ms Samson said. "Other schools are starved – they don't have the right folks in there leading the technology and STEM fields." A study by the federal Education Department found high school students in remote locations were about 1.5 years behind their city peers in science. Women 4 STEM has invited 250 students from 13 regional schools to participate in its annual Go Girl, Go for IT event, which is expected to host 2000 students at Deakin University on August 13. The event will come months after the federal government announced $45 million to fund 10 projects in the Building Women's Careers Program designed to provide education, partnership and networking opportunities for women in male-dominated industries. The program is also designed to address a skills shortages in STEM-based fields, including engineering where The Insight Centre predicts a shortage of 200,000 roles by 2040.
