Tata group stronger, more resilient and future ready: Chandra to employees



With all of the heavy lifting we have done over the past few years, I am confident that we are now well positioned to build on the Tata Group’s unique legacy to steer the 21st century towards a more sustainable, connected, inclusive and efficient future: Chandra in email to staff.



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Mall space addition of more than 65 mn sq. ft likely



Almost all the big mall developers/investors – such as Raheja-owned Inorbit Malls, Xander-APG joint venture Virtuous Retail South Asia (VRSA), property developer Prestige Estates Projects, and Blackstone-owned Nexus Malls – are looking to double their space in a year or two.



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Indian hedge funds way behind Asian peers



Indian funds did better than Asian ones in only four of the 10 months — till October. Despite much market optimism, presumably around policy interventions and guided by buoyant flows, India’s macro backdrop may be turning for the worse.



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How AI is being used for fraud detection



Use of AI for fraud detection will triple by 2021, according to a survey conducted by analytics company SAS and Association of Certified Fraud Examiners (ACFE), reports Pranjal Sharma.



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Carrot-and-stick economic model not for all countries



Economist Deepak Nayyar says economic openness, while necessary, is not sufficient, and is conducive to development only when combined with industrial policy.



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