Underscoring the artificial intelligence’s (AI) role in transforming India, Chairman on Monday said that AI can never and will never replace the human mind. “Rather, AI and other associated technologies of the 4th Industrial Revolution will vastly expand our capacity to solve the most complex and pressing problems before India and the world,” Ambani said in his address at the RAISE 2020 virtual summit. He further asserted the significance of AI to enable India to move faster towards transforming India into a high growth economy on its path to $5 trillion.Apart from the economic growth,...…Underscoring the artificial intelligence’s (AI) role in transforming India, Chairman on Monday said that AI can never and will never replace the human mind. “Rather, AI and other associated technologies of the 4th Industrial Revolution will vastly expand our capacity to solve the most complex and pressing problems before India and the world,” Ambani said in his address at the RAISE 2020 virtual summit. He further asserted the significance of AI to enable India to move faster towards transforming India into a high growth economy on its path to $5 trillion.Apart from the economic growth,...WW…

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Stating that “it is keen to waive interest on interest” for the borrowers who availed themselves of the moratorium facility extended by the government in the wake of Covid-19, the Supreme Court on Thursday gave a ‘last chance’ to the government and the to come up with a ‘concrete plan’ with regard to the vexed issue. The court also extended the temporary immunity to the relevant loan accounts from being classified as NPA till September 28, when it will likely pronounce its final order.Meanwhile, the government-RBI-banks combine and the petitioners, comprising assorted borrowers including...…Stating that “it is keen to waive interest on interest” for the borrowers who availed themselves of the moratorium facility extended by the government in the wake of Covid-19, the Supreme Court on Thursday gave a ‘last chance’ to the government and the to come up with a ‘concrete plan’ with regard to the vexed issue. The court also extended the temporary immunity to the relevant loan accounts from being classified as NPA till September 28, when it will likely pronounce its final order.Meanwhile, the government-RBI-banks combine and the petitioners, comprising assorted borrowers including...WW…

The attempts by some state governments to bring in sweeping changes in their labour laws, including extension of work time to beyond eight hours a day and suspend key labour laws for three years or more will not be entertained by the Centre, the labour ministry has told the relevant parliamentary standing committee on Monday.“The labour ministry has said that extension of working hours beyond eight hours is illegal and can’t be allowed to happen. All states will have to adhere to the provisions of the labour codes which would be before Parliament in the monsoon season,” BJD MP Bhartruhari...…The attempts by some state governments to bring in sweeping changes in their labour laws, including extension of work time to beyond eight hours a day and suspend key labour laws for three years or more will not be entertained by the Centre, the labour ministry has told the relevant parliamentary standing committee on Monday.“The labour ministry has said that extension of working hours beyond eight hours is illegal and can’t be allowed to happen. All states will have to adhere to the provisions of the labour codes which would be before Parliament in the monsoon season,” BJD MP Bhartruhari...WW…

The Commerce and Industry Ministry on Monday initiated a probe into alleged low-cost imports of a certain type of yarn from China, which is impacting the domestic industry.The Commerce Ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has started the probe to assess if the subsidy programme of China for exports of ‘Viscose Rayon Filament Yarn above 60 deniers” is impacting the Indian industry.Association of Man-Made Fibre Industry of India (AMFII) has filed an application before the DGTR, on behalf of domestic industry, for anti-subsidy investigation on the imports...…The Commerce and Industry Ministry on Monday initiated a probe into alleged low-cost imports of a certain type of yarn from China, which is impacting the domestic industry.The Commerce Ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has started the probe to assess if the subsidy programme of China for exports of ‘Viscose Rayon Filament Yarn above 60 deniers” is impacting the Indian industry.Association of Man-Made Fibre Industry of India (AMFII) has filed an application before the DGTR, on behalf of domestic industry, for anti-subsidy investigation on the imports...WW…

Apple: Tech giant Apple commits to 100% carbon neutrality by 2030! In a great initiative, smartphone manufacturing giant Apple on Tuesday announced that it has committed to be 100% carbon neutral across its entire business, manufacturing supply chain as well as its product life cycle within the next 10 years, and also unveiled its plan to bring this commitment to fruition. In a statement, Apple said that the company is already carbon neutral in its global corporate operations, and the commitment that the giant has now made translates to the hope that by 2030, every single device sold by...…Apple: Tech giant Apple commits to 100% carbon neutrality by 2030! In a great initiative, smartphone manufacturing giant Apple on Tuesday announced that it has committed to be 100% carbon neutral across its entire business, manufacturing supply chain as well as its product life cycle within the next 10 years, and also unveiled its plan to bring this commitment to fruition. In a statement, Apple said that the company is already carbon neutral in its global corporate operations, and the commitment that the giant has now made translates to the hope that by 2030, every single device sold by...WW…

The Delhi Police claimed to have busted a gang involving six persons who were running a phishing scam. The gang was operating from Jamtara district in Jharkhand.According to a report in The Indian Express, all the six have been arrested. Three of them hail from Jamtara.The modus operandi involved the accused posing as bank executives and stealing money from their accounts.Also ReadThe matter was reported after a man informed the Delhi Police about the gang. The victim had called up a toll-free number of from Google search. No one picked that call. The man later received another call from...…The Delhi Police claimed to have busted a gang involving six persons who were running a phishing scam. The gang was operating from Jamtara district in Jharkhand.According to a report in The Indian Express, all the six have been arrested. Three of them hail from Jamtara.The modus operandi involved the accused posing as bank executives and stealing money from their accounts.Also ReadThe matter was reported after a man informed the Delhi Police about the gang. The victim had called up a toll-free number of from Google search. No one picked that call. The man later received another call from...WW…

InterGlobe Hotels, Accor JV announces launch of ibis Styles Goa VagatorHere’s why you shouldn’t take painkillers when suffering from dengue82% of Indian students facing challenges with unfamiliar curriculum abroad: Finds surveyAudi records 88% growth in first nine months– Q8 e-tron, Q3 drive salesLeverage Edu’s move is focused on easing the student visa journey.Study abroad platform, Leverage Edu has partnered with One Vasco, a global travel services company with the aim to serve students in India who require assistance in processing their visa applications. The partnership further aims to...…InterGlobe Hotels, Accor JV announces launch of ibis Styles Goa VagatorHere’s why you shouldn’t take painkillers when suffering from dengue82% of Indian students facing challenges with unfamiliar curriculum abroad: Finds surveyAudi records 88% growth in first nine months– Q8 e-tron, Q3 drive salesLeverage Edu’s move is focused on easing the student visa journey.Study abroad platform, Leverage Edu has partnered with One Vasco, a global travel services company with the aim to serve students in India who require assistance in processing their visa applications. The partnership further aims to...WW…

The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the COVID-19 pandemic a “catastrophic event” for many developing and the poorest countries.He told reporters that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries.So that has got a lot of focus here at the meetings, Malpass told the media on Wednesday at the start of the annual meetings of the International Monetary Fund and the World Bank.“The recession...…The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the COVID-19 pandemic a “catastrophic event” for many developing and the poorest countries.He told reporters that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries.So that has got a lot of focus here at the meetings, Malpass told the media on Wednesday at the start of the annual meetings of the International Monetary Fund and the World Bank.“The recession...WW…