Month: December 2024

RBI sets up 8-member panel on ethical use of AI

The panel (set up by RBI) is expected to submit its report within six months of its first meeting.(Image source: Moneycontrol)

The committee by the Reserve Bank of India will establish a governance framework to guide ethical AI adoption across financial institutions including banks, non-banking financial companies, fintechs, and payment system operators.

Shipway and India Post expand e-commerce reach to remote areas

The partnership will provide last-mile delivery services beyond large cities, enabling online sellers and D2C brands to access India Post’s extensive network of about 1,59,000 post offices across the nation. (Representative Image: Bastian Riccardi via Unsplash)

The collaboration aims to benefit service providers that fall under the umbrella of the BFSI industry, who can now avail the facility of delivering sensitive items and financial documents within the weight slab of 250 gm.

Swiggy Instamart: What does India want in 10 minutes and when?

The fastest delivery of the year happened in Kochi, in just 89 seconds for a basket that included nendran bananas and red amaranthus. The distance covered was 180 mts. (Image: paolo-candelo via Unsplash)

The cheapest order of the year came in at a mere Rs 3—a pencil sharpener, purchased by a user in Hyderabad at 8:15 pm.