JPMorgan CEO Jamie Dimon makes one request to AI-hungry CEOs

JPMorgan Chase CEO Jamie Dimon is contacting top executives to address AI and infrastructure risks. He is urging them to join an industry coalition focused on critical infrastructure protection. This alliance aims to establish safeguards and coordinate safety policies with the government. The initiative expands to include financial services, energy, and telecommunications sectors. Dimon has…

Billionaire Anil Agarwal’s Vedanta unit seeks mega $1.4 billion loan after business split

Vedanta Aluminium Metal Ltd. is raising 135 billion rupees from three major banks. Axis Bank, HDFC Bank, and ICICI Bank are providing the substantial loan. This marks the first major local-currency borrowing after the conglomerate’s recent split. Proceeds will refinance existing debt inherited from the integrated company structure. The fundraising supports Vedanta’s strategy for independent…

Consumers already bearing UPI costs indirectly: RBI governor

RBI governor Sanjay Malhotra emphasized that the costs of UPI transactions are already subtly included in operations. He expressed it is premature to introduce explicit fees for merchants. The priority lies in enhancing the payment infrastructure and increasing utilization. Any fee implementation should consider potential effects on user engagement and ongoing investment, as consumers do…