Adani News

Category: Business

  • Nothing Phone (2) India launch today

    Nothing Phone (2) is expected to come with an improved design, higher-end internals, and an upgrade to the Glyph interface. As per the schedule, Nothing will unveil the Nothing Phone (2) today in India, Europe, and several other regions. The company recently started taking its pre-orders and now, the device will be finally out of the wraps. Some of the highlights of the phone will be its similar yet improved design, new Glyph interface, and a flagship-grade chipset.

    Nothing Phone (2) will launch today at 8:30 PM in India. The smartphone’s launch will be premiered on the company’s official YouTube channel. You can click on the preview below to watch the premier of the phone’s launch.

  • Tamil Nadu government is selling tomatoes at ration shops

    Tamil Nadu government is selling tomatoes at ration shops

    Chennai (IANS). To control the rising prices of tomatoes and to provide relief to the public, the Tamil Nadu government has started selling tomatoes at ration shops.

    Under this new system of the Tamil Nadu government, tomatoes will be available at Rs 60 per kg at 82 ration shops.

    Tomato prices across the state are currently ruling at Rs 120-140 per kg.

    Sources in the state civil supplies department told IANS that the sale is limited to one kilogram per person.

    IANS had earlier reported that Tamil Nadu would soon start selling tomatoes through ration shops.

    Tamil Nadu Cooperation Minister S. Periyakaruppan chaired a meeting at the state secretariat regarding the sale of tomatoes.

    The minister told IANS that if tomato prices continue to rise, the state government will take more steps to buy more produce and sell it at lower prices so that consumers are not affected.

    Apart from ration shops, farm fresh outlets are also selling tomatoes.

  • Planning for a yearly Broadband plan, Check these yearly recharge plans by BSNL

    Planning for a yearly Broadband plan, Check these yearly recharge plans by BSNL

    Bharat Sanchar Nigam Limited (BSNL) has a bunch of broadband plans which will suit a user if he/ she is planning for a yearly plan. We have mentioned some broadband plans of BSNL that are available under Rs 8000 and will give you unlimited access for internet.

    We have considered plans under Rs 8000 due to budget constraints.

    Fiber Entry

    This BSNL broadband is priced at Rs 3948 for 12 months validity. Users get 1 month free service too. So the actual validity is 13 months.  The plan offers up to 20 Mbps internet speed till 1000 GB. Post the data limit users get 4 Mbps speed. In terms of calls, users get unlimited access to local and STD calling. However, the plan is limited to certain cities only and is valid till July 30, 2023.

    Fibre Rural HOME WiFi

    Under this broadband plan users get up to 30 Mbps internet speed till 1000GB. Post the data limit the speed falls to 4 Mbps. In terms of calls, users get unlimited access to local and STD calling. The plan is meant for individual categories only in rural areas. This plan costs Rs 4788 for 12 months. Users get 1 month free service too. So the actual validity of the plan is 13 months.

    Fiber Basic

    This BSNL broadband is priced at Rs 5988 per year and offers up to 40 Mbps internet speed till 3300 GB. Post the data limit users get 4 Mbps speed. In terms of calls (Local + STD), users get unlimited access to local and STD calling. Users get 1 month free subscription with this plan. This makes the plan validity 13 months.

     Fiber Basic Plus

    Under this broadband plan users get up to 60 Mbps internet speed till 3300GB. Post the data limit the speed falls to 4 Mbps. In terms of calls, users get unlimited access to local and STD calling. This broadband plan costs Rs 7188 only for 12 months. Users get 1 month free subscription with this plan. This makes the plan validity 13 months.

     Fiber Basic Plus OTT

    This BSNL broadband is priced at Rs 7992 per year and offers up to 60 Mbps internet speed till 3300 GB. Post the data limit users get 4 Mbps speed. In terms of calls (Local + STD), users get unlimited access to local and STD calling. Users get 1 month free subscription with this plan. This makes the plan validity 13 months. The bonus feature in the plan is the inclusion of OTT benefit. Users get free subscription to Disney+ Hotstar plan.

  • Calcutta High Court dismisses India Infoline’s plea

    Calcutta High Court dismisses India Infoline’s plea

    Kolkata (IANS). The Calcutta High Court has dismissed the plea of financial services company India Infoline Limited (IIL) to quash proceedings under sections 63(4)/196(3)/301(5)/372A(6). The case against the Companies Act and Section 467/120B of the Indian Penal Code is pending in the Court of Chief Judicial Magistrate, Purba Midnapore.

    Explain that the lower court is hearing the case on the basis of Arunav Patra’s complaint.

    On March 9, 2012, Patra purchased two debentures of India Infoline Finance Limited (IIFL), a subsidiary of (IIL). Later he was paid interest for two debentures.

    On 3 October 2012, Patra filed a complaint alleging that IIFL and IIL entered into a criminal conspiracy and manipulated IIFL’s records to deprive him of his rights.

    It was alleged in Patra’s complaint that he did so in order to give any pecuniary benefit he might receive from the company’s profits.

    IIL’s counsel submitted before the High Court that IIFL is a holding company, but it has no role in respect of debentures of its subsidiary. He also challenged the jurisdiction of the court of the Chief Judicial Magistrate, Purba Midnapore, to try such a case.

    Counsel appearing for Patra opposed this and pointed out that it was IIL who had interacted with their client on behalf of IIFL and also shared the documents. Since the office of IIL is under the jurisdiction of the trial court, the court can hear the matter.

    After considering the arguments of both the parties, Justice Rai Chattopadhyay directed that justice should be done in the matter. Said, dismissing the complaint of both the parties, directs the trial court to initiate the proceedings in accordance with law and at the earliest.

  • TVS might introduce an Adventure motorcycle in India soon, might be named Apache RTX

    TVS might introduce an Adventure motorcycle in India soon, might be named Apache RTX

    TVS has been quite successful when it comes to two-wheeler sales in India. The company has good sales in almost every segment of bikes. However, when it comes to Adventure bikes, the company is yet to make a step in this segment. According to the latest leaks by Rush Lane, TVS has trademarked the ‘TVS Apache RTX’ name.

    ‘TVS Apache RTX’ name suggests that the company is seriously thinking about taking part in the Adventure segment. The Apache RTX is expected to get the same engine that is available in the BMW G 310 GS. When it comes to power figures, the TVS Apache RTX will produce 33.52bhp power and 28 Nm of maximum torque. The engine will be paired with a 6-speed gearbox. The platform of the upcoming adventure bike by TVS is expected to be the same too.

    When it comes to features, the TVS Apache RTX is expected to offer disk brakes at the front and the back along with Dual channel ABS, inverted forks on the front, adjustable suspension at the rear, full-LED lighting etc. The bike might offer important information like RPM, mileage, fuel capacity, gear positioning, tachometer on a refreshed instrument cluster. It is expected to get smartphone connectivity support too.

    When it comes to price, the TVS ApacheRTX is expected to have a starting price of around Rs 3 lakh (ex-showroom).

    Some of the popular Adventure motorcycles which are great for beginner riders in India include Hero XPulse, Royal Enfield Himalayan, KTM Adventure series, BMW G 310 GS, Suzuki V-Strom SX 250, and Yezdi Adventure.

  • Apple to launch it’s own credit card in India, Check benefit and other details

    Apple to launch it’s own credit card in India, Check benefit and other details

    Apple is reportedly planning to launch it’s own credit card in India. The credit card could be dubbed Apple Card in the country. According to reports, Apple CEO, Tim Cook met with HDFC Bank CEO and MD Sashidhar Jagdishan during his trip to India in April and possible discussed about the Apple Credit Card.

    Apple launched its credit card in the US in association with Goldman Sachs, which is an American multinational investment bank and financial services company. The tech giant is also in talks with the National Payments Corporation of India (NPCI) to possibly launch Apple Pay in the country.

    Apple to launch a credit card in India?
    If Tim Cook really met with HDFC Bank CEO than it might be possible that the company is really going to launch the credit card in India. In addition, the company executives have also been in contact with Reserve Bank of India (RBI) on the modalities of the card. According to the sources, the regulator has asked Apple to follow the regular procedure for co-branded credit cards, without offering any special consideration for the iPhone maker.giant.

    The edge of launching a Rupay Credit Card is that it can be linked to UPI as well. There is no information whether the credit cards could be powered by NPCI’s Rupay platform or for Unified Payments Interface (UPI). As in India, only banks are allowed to launch credit cards.

    The new development from Apple comes at a time when a significant number of payments are being made through mobile phones. Not just Apple, Google, Amazon, and Samsung are also apparently pursuing expansion into the payments sector and have plans in the financial services space.

    The companies have developed payment apps and are planning to make strides in this area. Apple has had discussions with the Reserve Bank of India (RBI) on the modalities of the card, the report said.

  • Air India signs pacts with Airbus, Boeing to buy 470 planes

    Air India signs pacts with Airbus, Boeing to buy 470 planes

    New Delhi: Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.

    The Tata Group-owned airline had announced that it will buy 470 aircraft, including wide-body planes, in February this year.

    The “firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo and 190 Boeing 737MAX narrow-body aircraft,” the airline said in a release.

    The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.

    Air India said the agreements go “one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year”.

    The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.

    N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, “we have every hope, will come together to represent the best of modern aviation to the world”.

    Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.

    Campbell Wilson, Air India CEO and MD, said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.

    Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.

  • Odisha government increased DA of employees by 4 percent

    Odisha government increased DA of employees by 4 percent

    Bhubaneswar (IANS) | The Odisha government has announced a 4 per cent hike in the Dearness Allowance (DA) for its employees and pensioners. This will be applicable from January 1. With the latest hike, the DA of government employees has increased from 38 per cent to 42 per cent. Employees will get the increased DA in cash in the salary of the current month (June).

    The government has also increased the dearness relief to pensioners by 4 per cent. They will also get enhanced relief in the current month’s pension.

    The move will benefit all regular employees and pensioners, who number 7.5 lakh in the state.

    –IANS

  • Radio host sues OpenAI for defamation after ChatGPT generated false info

    Radio host sues OpenAI for defamation after ChatGPT generated false info

    San Francisco:  Microsoft-backed OpenAI has been sued by a radio host in the US, which appears to be the first defamation lawsuit responding to false information generated by ChatGPT.

    Mark Walters sued the Sam Altman-run company after ChatGPT mentioned that Walters had been accused of defrauding and embezzling funds from a non-profit organisation, reports The Verge.

    ChatGPT generated the false information in response to a request from a journalist named Fred Riehl.

    ChatGPT responded: “Mark Walters is an individual who resides in Georgia. Walters has served as the Treasurer and Chief Financial Officer of SAF since at least 2012. Walters has access to SAF’s bank accounts and financial records and is responsible for maintaining those records and providing financial reports to SAF’s board of directors.”

    The AI chatbot further stated that Walters owes SAF a fiduciary duty of loyalty and care.

    “Walters has breached these duties and responsibilities by, among other things, embezzlement and misappropriation of SAF’s funds and assets for his own benefit, and manipulating SAF’s financial records and bank statements to conceal his activities,” ChatGPT said which is a false information, according to the lawsuit.

    Walters is now seeking unspecified monetary damages from OpenAI, the report said.

    Meanwhile, two lawyers told a judge in Manhattan federal court this week that ChatGPT tricked them into including fictitious legal research in a court filing.

    Attorneys Steven A. Schwartz and Peter LoDuca are facing possible punishment over a filing in a lawsuit against an airline that included references to past court cases that Schwartz thought were real, but were actually invented by ChatGPT.

    Last month, a US federal judge categorically told lawyers that he will not allow any AI-generated content in his court.

    Texas federal judge Brantley Starr said that any attorney appearing in his court must attest that “no portion of the filing was drafted by generative artificial intelligence,” or if it was, that it was checked “by a human being,” reports TechCrunch.

    In April, ChatGPT, as part of a research study, falsely named an innocent and highly-respected law professor in the US on the list of legal scholars who had sexually harassed students in the past.

    Jonathan Turley, Shapiro Chair of Public Interest Law at George Washington University, was left shocked when he realised ChatGPT named him as part of a research project on legal scholars who sexually harassed someone.

  • RBI to levy penalties on banks that lose property papers of borrowers

    RBI to levy penalties on banks that lose property papers of borrowers

    Banks may have to compensate borrowers and also pay a penalty if they lose the original property documents of loan seekers.

    This could soon become a possibility if the RBI accepts the recommendations of a high level committee, which it had formed in May last year to review customer service standards in banks and other lending institutions.

    The panel led by former deputy RBI governor B P Kanungo, presented its report to the central bank in April this year, and this suggestion is a part of a slew of recommendations made in it.

    The RBI has invited comments from stakeholders by July 7 on the committee’s recommendations.

    The panel has suggested that the RBI may consider stipulating a time limit for banks to return the property documents to the borrower from the date of closure of the loan account, failing
    which a penalty or a compensation linked to the extent of delay should automatically be paid by the banks to the borrower.

    “In case of loss of property documents, the bank should not only be obligated to assist in obtaining certified registered copies of documents at their cost but also compensate the customer adequately, keeping in view the time taken to arrange the alternate copies of the documents,” the panel has suggested.

    Normally banks request for original property documents and keep them until the loans are fully repaid.

    However these recommendations have come as the RBI has received several complaints that banks take a lot of time to return property documents even when the loan has been repaid on time.

    Original property documents are essential, as they help in establishing ownership and preventing disputes.