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Tech Mahindra, IBM to assist businesses worldwide in adoption of GenAI

Tech Mahindra, IBM to assist businesses worldwide in adoption of GenAI

IT company Tech Mahindra on Thursday said it has collaborated with IBM to assist businesses worldwide in responsibly accelerating the adoption of generative AI (GenAI).

Under the partnership, TechM amplifAI and IBM watsonx will integrate to bring new GenAI and governance capabilities to enterprises, according to a company statement.

Lok Sabha polls: Congress set for clean sweep in Haryana, says Hooda

Lok Sabha polls: Congress set for clean sweep in Haryana, says Hooda

Congress veteran Bhupinder Singh Hooda on Thursday said people are looking at his party with great hope and it is set for a clean sweep in Haryana in the Lok Sabha elections.

The former chief minister said the Congress is receiving overwhelming public support.

State Bank of India hikes short term retail FD rates by 25-75 bps

State Bank of India hikes short term retail FD rates by 25-75 bps

The State Bank of India (SBI) has hiked interest rate on retail term deposits by 25-75 basis points for deposits up to 1 year, giving further push to competition for raising resources.

The revised rates for deposits came into effect from May 15, 2024.

India asks int'l committee to set limits on ethylene oxide in spices

India asks int'l committee to set limits on ethylene oxide in spices

India has asked an international committee on spices to set limits on the use of ethylene oxide in spices, a senior government official said on Wednesday, amid a sales ban on two popular Indian brands.

The Kerala-based Codex Committee on Spices and Culinary Herbs (CCSCH) has been established under Codex Alimentarius Committee, Rome – the international organisation - for developing international food standards, guidelines and codes of practice to protect the health of consumers and ensuring fair practices in the trade.

Trouble mounts for MDH, Everest as New Zealand checks for contamination

Trouble mounts for MDH, Everest as New Zealand checks for contamination

New Zealand's food safety regulator on Wednesday said it is investigating possible contamination in spice products of top Indian brands MDH and Everest after they faced scrutiny in other countries.

The United States and Australia have been looking into contamination after Hong Kong last month suspended sales of three spice blends of MDH and one of Everest, saying they contained high levels of a cancer-causing pesticide, ethylene oxide.

Canada imposes Rs 82 lakh penalty on Infosys for underpayment of tax

Canada imposes Rs 82 lakh penalty on Infosys for underpayment of tax

The Canadian government has fined IT giant Infosys approximately Rs 82 lakh for allegedly failing to fulfil the complete employee health tax obligation for the financial year ending December 31, 2020.

This fine translates to over 134,000 Canadian dollars, according to a recent regulatory filing. "Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020," stated the filing.

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding

Life Insurance Corporation of India (LIC) has got a three-year-extension from the Securities and Exchange Board of India (Sebi) to achieve 10 per cent public shareholding, the state-owned firm told the exchanges on Wednesday.

LIC has to get its public shareholding to 10 per cent on or before May 16, 2027.

As movies disappoint, PVR Inox may screen T20 Cricket World Cup, concerts

As movies disappoint, PVR Inox may screen T20 Cricket World Cup, concerts

India’s largest cinema operator is in discussions to screen key matches during the International Cricket Council Men’s T20 World Cup, in a bid to lure patrons as movies continue to struggle at the box office.

“Our biggest focus is to stay relevant as a medium,” PVR Inox Ltd.’s Chief Financial Officer Nitin Sood said in an interview. The operator would show key games from the tournament, which starts next month, he said.

Aadhar Housing stages flat market debut at Rs 314 on BSE

Aadhar Housing stages flat market debut at Rs 314 on BSE

Aadhar Housing Finance made a flattish stock market debut on Wednesday with its shares of housing finance company (HFC) getting listed at Rs 315 per share, a 0.22 per cent discount over its issue price of Rs 315 per share.

However, after listing the stock of the company moved up to 4.7 per cent at Rs 329 a piece in intraday deals on the BSE.

PM Modi declares Rs 3.02 cr of assets in poll affidavit, has no house, car

PM Modi declares Rs 3.02 cr of assets in poll affidavit, has no house, car

Prime Minister Narendra Modi on Tuesday declared his total assets amounting to Rs 3.02 crore in his Lok Sabha poll affidavit, as required for contesting elections in India.

According to the election affidavit, PM Modi has Rs 52,920 in cash and fixed deposits worth Rs 2.85 crore (Rs 2,85,60,338) in SBI. The gross total value of his assets is Rs 3,02,06,889.

PM also has four gold rings worth Rs 2,67,750.

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