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Sebi disposes of case against Indiabulls MF

Sebi disposes of case against Indiabulls MF

Markets regulator Sebi today disposed of a case against Indiabulls Mutual Fund in a matter related to alleged procedural lapses in declaration and distribution of dividend.

It was alleged that Indiabulls MF did not comply with dividend declaration and distribution procedure. It allegedly did not seek trustee approval and addendum was not published for declaring the dividend at four instances.

Now, Aadhaar must for opening bank acc, transaction of Rs 50,000 or above

Now, Aadhaar must for opening bank acc, transaction of Rs 50,000 or above

The government has made quoting of biometric identity number Aadhaar mandatory for opening bank accounts as well as for any financial transaction of Rs 50,000 and above.

Existing bank account holders have been asked to furnish their Aadhaar number issued by the Unique Identification Authority of India (UIDAI) by December 31, 2017, failing which, the account will cease to be operational, according to a revenue department notification.

ICC Champions Trophy 2017: Aamir Sohail alleges match-fixing behind India- Pakistan final

ICC Champions Trophy 2017: Aamir Sohail alleges match-fixing behind India- Pakistan final

Surpassing expectations, Pakistan have made it to ICC Champions Trophy 2017 finals. Their fans are beaming with pride and looking forward to the potentially mind-blowing match against traditional rivals, India.

But if you ask former Pakistan batsman Aamir Sohail, the greens have reached this point by the ways of match-fixing.

1993 Mumbai serial blasts case verdict: 24 years later, Abu Salem and 5 others convicted by TADA court

1993 Mumbai serial blasts case verdict: 24 years later, Abu Salem and 5 others convicted by TADA court

Key mastermind of the 1993 Mumbai blasts case Mustafa Dossa and extradited gangster Abu Salem were on Friday convicted by a special TADA court here. Another accused who were convicted include Firoz Khan, Tahir Merchant, Karimullah Shaikh, Riaz Siddiqui, while Abdul Qayyum was acquitted of all charges.

Dossa was convicted on charges of conspiracy and murder under various sections of the IPC besides offences under the TADA Act, the Arms Act and the Explosives Act.

Microsoft, Intel invest in artificial intelligence start-up Element AI

Microsoft, Intel invest in artificial intelligence start-up Element AI

Tech giant Microsoft, chip-maker NVIDIA and Intel have made the investment for a Canadian artificial intelligence (AI) start-up Element AI, the media reported.

According to a report in Investopedia on Thursday, Microsoft made the investment through its venture capital arm Microsoft Ventures, while Intel did it through Intel Capital.

TVS Group acquires vehicle inspection firm CheckGaddi.com in all-cash deal

TVS Group acquires vehicle inspection firm CheckGaddi.com in all-cash deal

TVS Automobile Solutions, part of TVS Group, has acquired Bengalaru-headquartered CheckGaadi.com. The start-up provides vehicle inspection technology and CRM solutions.

While the company officials were not available for comments, sources confirmed the development and said it was an all-cash deal.

Infosys Americas head Sandeep Dadlani quits in setback for CEO Sikka

Infosys Americas head Sandeep Dadlani quits in setback for CEO Sikka

Sandeep Dadlani, the head of Americas and global head of manufacturing and retail for Infosys, has resigned, in a setback for chief executive Vishal Sikka.

On Thursday night, Infosys named two executives – Karmesh Vaswani as the Global Head for Retail, CPG & Logistics (RCL) and Nitesh Banga as the Global Head of Manufacturing – to replace Dadlani.

No-fly list: 6 airlines bar TDP MP Diwakar Reddy after ruckus at airport

No-fly list: 6 airlines bar TDP MP Diwakar Reddy after ruckus at airport

Spicejet, GoAir, Jet Airways and Vistara airlines on Friday joined Indigo and Air India to put Telugu Desam Party (TDP) MP Diwakar Reddy under no-fly list for his unruly behaviour with a staffer at the Vishakhapatnam airport.

Reddy, now, has become the second MP in three months to be banned from flying for his unruly behaviour.

Daily revision of petrol, diesel rates: Fuel prices to change every morning from today, key takeaways

Daily revision of petrol, diesel rates: Fuel prices to change every morning from today, key takeaways

Daily revision of petrol, diesel rates: Petrol and diesel prices will be changed on a daily basis. Starting today, the move by state-owned oil companies will mark a departure from the earlier practice of fortnightly revisions of rates, according to reports. Rates will change everyday depending on any movement in international oil rates. Yesterday, petrol price was reduced cut by Rs 1.12 per litre and diesel price was cut by Rs 1.24 per litre. Till now, prices were used to be revised on 1st and 16th of every month based on the fortnightly average of international oil price and the foreign exchange rate, the report says.

Delhi rape victim sues Uber, claims it wrongly obtained her medical records

Delhi rape victim sues Uber, claims it wrongly obtained her medical records

A woman sued Uber Technologies Inc on Thursday claiming top executives at the ride-hailing company improperly obtained her medical records after she was raped by a driver in India, according to court documents.

The lawsuit, filed in a California federal court, comes two days after Uber Chief Executive Travis Kalanick said he would take a leave of absence from his troubled company to grieve for his recently deceased mother and to work on his leadership skills.

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