At American Express, a lot of decisions are now driven by AI-powered algorithms. This includes detecting fraudulent transactions, determining credit limits for new customers, sending out the right marketing messages, improving customer interactions and many more.In fact, Amex now encourages most of its employees to acquire some data analytics capabilities. Jayatu Sen Chaudhury, Head of Enterprise Digital & Analytics India and Vice President of Global Commercial & Merchant Data Sciences, American Express, explains why.Q: What are the use cases of AI/ML that you’re exploring? What are the key challenges you’re facing while incorporating AI/ML and how are you addressing it? Close A: AI and ML are being leveraged across the company by different business units to deliver on the exceptional brand experience we are known for, at scale, in the digital age. related news Grab launches Asia's first numberless card in Singapore Fintechs laud RBI’s … [Read more...] about For American Express, Data Science is in the company’s DNA
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The Indian markets on Tuesday afternoon was trading on a flat note with the Nifty shedding 22 points at 10,395 while the Sensex was up 22 points or 0.7 percent.The Nifty PSU banking index was trading higher by 2 percent led by Bank of India which zoomed over 7 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 3.2 percent while Andhra Bank zoomed over 6 percent.The top Nifty gainers included HPCL which jumped 4.2 percent while BPCL was up 3.96 percent. IOC, Bharti Infratel and Indiabulls Housing were the other top gainers.Close The top Nifty losers included Tata Consultancy Services which fell 5.4 percent after the big block deal trade in opening trade. Promoter Tata Sons may have offloaded stake in the company. The other losers included HCL Tech, Kotak Mahindra Bank, Coal India and Ambuja Cements. related news … [Read more...] about Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8%
The Indian markets on Friday morning were trading flat with the Nifty shedding 51 points or 0.49 percent while the Sensex was down 178 points.The Nifty PSU banking index was up 0.6 percent led by stocks like Syndicate Bank which jumped 5 percent followed by Allahabad Bank which gained over 3 percent. IDBI Bank and OBC were the other gainers. PNB gained 2.38 percent.The top Nifty gainers included Mahindra & Mahindra and Aurobindo Pharma which were up 1.7 percent each followed by UPL, Yes Bank and Zee Entertainment.Close The top Nifty losers included IOC and BPCL which fell 2 percent each followed by HPCL, Tata Motors and NTPC. related news Enforcement Directorate set to confiscate Nirav Modi’s assets for auction D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating The most active Nifty stocks included IDBI bank which jumped over 3 … [Read more...] about Market Update: PSU bank index outperforms as PNB, Syndicate Bank jump 2-5%; JP Associates zooms 11%
India witnessed as blockbuster year as far as Initial Public Offers (IPOs) are concerned. From IRCTC, CSB Bank to IndiaMart and Polycab, stock exchanges witnessed bumper openings. But what exactly is an IPO?Simply put, an IPO is the process wherein a privately-held company can offer shares to the public for the first time to raise money from them.In this edition of Insight18, you can find out everything you need to know about an IPO.Close Watch the video for more.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about Insight18 | What is an Initial Public Offer?
The Drugs Controller General of India (DCGI) has directed that online sales of drugs would be barred until draft regulations regarding e-pharmacies are formed and issued, a Mint report said.This was circulated to states, union territories and the Health Ministry for information and action. The e-pharmacy rules are currently in the draft stage, the paper quoted a Central Drugs Standard Control Organisation (CDSCO) source as saying.Moneycontrol could not independently verify the report.Close The order by DGCI VG Somani dated November 28 prohibits unlicensed platforms from selling medicines. It is likely to hit companies that invested heavily in the space without regulatory drag, the paper added. related news UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB? This week in Auto: Carmakers keep December unusually hot; Bajaj launches Husqvarna in India Tax cuts under consideration, focus on boosting … [Read more...] about Govt bans online sale of drugs by unlicensed platforms: Report