Naukariadda

Mumbai: Corporates will have to spell out the anti-money laundering and due diligence measures undertaken on overseas business partners and co-investors in foreign joint ventures and subsidiaries, and describe the processes followed in carrying out these checks.Such information, rarely, if ever, sought earlier, will be gathered by banks from corporate clients with overseas direct investments (ODIs) and shared with the Reserve Bank of India (RBI).Amid concerns that some overseas investments may not flow into bona fide businesses, questions on credential and know-your-customer (KYC) checks of foreign partners feature in a long list of probing queries from the regulator.132351222Besides key financial data since 2021-22, corporates have been asked to disclose energy consumption, R&D expenditure, headcount and employee costs of every foreign entity, and clarify whether these entities have physical offices and take independent business decisions.ET has reviewed RBI's questionnaire se...

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Dubai: Mysterious, unclaimed airstrikes that hit Iran after the U.S. said it finished its attacks have again raised questions of who else may be targeting the Islamic Republic.The strikes Thursday, just as Iran prepared to bury the late Supreme Leader Ayatollah Ali Khamenei, hit areas across southern Iran. The country's theocracy hasn't directly blamed anyone, though one lawmaker warned the United Arab Emirates about allegedly providing support to the U.S. campaign against Iran.Gulf Arab states, which Iran has targeted repeatedly since the war began Feb. 28, did not immediately respond to requests for comment Friday over the strikes. The attacks come as those Gulf nations and the U.S. insist that the Strait of Hormuz, a vital waterway for world energy markets, must be open and free to ships to transit.Iran says the strait must now be under its sole control and that vessels should begin to pay fees to Tehran - even though the world for decades has considered it an international ...

New Delhi: The government is considering launching a nationwide retail consumption survey to generate granular data on consumer spending patterns, people aware of the development said.The proposed survey, to be conducted by the ministry of statistics and programme implementation (MoSPI), will cover businesses across all National Industrial Classification (NIC) codes, from utensil and machinery stores to pharmacies and apparel outlets. It is expected to track retail sales of consumer durables and non-durables.The survey is likely to capture the value and volume of goods sold through retail establishments across states. "The government is considering the survey; no timeline has been decided yet," a government official saidAlso Read: Ecommerce isn't adding much to Retail Inc's cart132319005MoSPI is examining the time period of the survey, the official added.Unlike the Household Consumption Expenditure Survey (HCES), which records household consumption during a reference ...

JioStar is betting that conversations with viewers powered by generative AI will become a powerful tool for the streaming TV company.The unit of Reliance Industries Ltd., which boasts 500 million monthly users, is using OpenAI’s technology to move beyond traditional recommendations, envisioning an AI-powered platform where conversations help users discover shows, buy products and eventually influence what gets made.Executives say the same conversational interface that recommends movies from a library of over 300,000 hours of programming could become a real-time signal of audience demand, shortening the feedback loop between what viewers want and what studios produce.“The future is conversational search,” Bharath Ram, JioStar’s chief product officer, said in an interview. “Interesting search results lead people to watch content they otherwise wouldn’t have watched, increasing engagement, watch time and our ability to monetize.”Also read | Netflix to widen India content play with four we...