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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.

Facebook is using artificial intelligence to combat terrorism

Facebook is using artificial intelligence to combat terrorism

Facebook said that it has started using 'artificial intelligence' (AI) to help combat terrorists' use of its platform.

The American company's announcement comes as it faces growing pressure from government leaders to identify and prevent the spread of content from terrorist groups on its massive social network.

Reliance Industries shares jump ahead of Mukesh Ambani, BP chief executive’s joint address

Reliance Industries shares jump ahead of Mukesh Ambani, BP chief executive’s joint address

Reliance Industries shares jumped ahead of a joint address later today by company chairman Mukesh Ambani and BP Plc’s group chief executive Bob Dudley. Reliance shares were trading up 2.2% at Rs 1,386 after rising to the day’s high of Rs 1,394.25. The subject of the address scheduled for 5.30 pm today is not immediately known. Meanwhile, the benchmark BSE Sensex was down 0.26% at 31,076.24 points.

TCS develops software for textile manufacturers on GST compliance

TCS develops software for textile manufacturers on GST compliance

Clothing Manufacturers Association of India (CMAI), the premier apparel body, in association with Tata Consultancy Services (TCS) has developed a software for garment manufacturers to alert them about GST (Goods and Services Tax) compliance.

Priced at Rs 18,000 for the initial six months, the software has a unique feature for highlighting the stage of compliance. The software automatically sends reminders to a vendor or a supplier who has not paid a tax at any stage in the textile value chain.

Sensex climbs 74 points in opening trade

Sensex climbs 74 points in opening trade

The Sensex rose 74 points early on Thursday on buying pick-up as investors shrugged off weak Asian cues after the US Fed hiked its key rate.

An appreciating rupee brought more cheer.

Axis Bank’s Rs 5,000-cr debt sale could be priced at 7.66%

Axis Bank’s Rs 5,000-cr debt sale could be priced at 7.66%

Axis Bank’s proposed Rs 5,000-crore debt sale could be priced at a coupon of 7.66%, three sources familiar with the placement said on Wednesday. The tenure of the securities is likely to be 10 years, and the issuance may take place by the end of this week. Ratings agency Crisil has assigned its ‘CRISIL AAA/Stable’ rating to the Rs 5,000-crore Tier-II bonds (under Basel III) of the bank. It has reaffirmed its ratings on the bank’s existing debt instruments at ‘CRISIL AAA/CRISIL AA+1/Stable/CRISIL A1+’. “The overall ratings reflect Axis Bank’s strong capitalisation, healthy resource profile, and comfortable earnings.

Microsoft artificial intelligence first to reach perfect Ms Pac-Man score

Microsoft artificial intelligence first to reach perfect Ms Pac-Man score

Researchers at Maluuba, a deep-learning startup recently acquired by Microsoft, have developed an artificial intelligence (AI) system that became the first player ever to achieve a perfect 999,990 score in Ms Pac-Man — an arcade video game. The feat is notable because when Ms Pac-Man was developed in the eighties, it was programmed to be less predictable than the original Pac-Man, so that it would be tougher for players to beat it. As opposed to developing a single intelligent agent to learn the game, the team used a number of simpler intelligent agents to each learn a single aspect of the game.

Competition Commission slaps Rs 87 crore fine on Hyundai Motor for unfair business ways

Competition Commission slaps Rs 87 crore fine on Hyundai Motor for unfair business ways

Competition Commission today imposed a penalty of Rs 87 crore on Hyundai Motor India for unfair business practices with respect to providing discounts for passenger cars. Besides, the company has been directed to cease and desist from such anti-competitive practices. In a 44-page order, the regulator said the company’s anti-competitive conduct include putting in place arrangements that resulted in resale price maintenance by way of monitoring of maximum permissible discount level. This was done through discount control and penalty mechanisms for non-compliance of the discount scheme, it added.

Airtel pips Reliance Jio in adding active users

Airtel pips Reliance Jio in adding active users

KOLKATA: Top telecom operator Bharti Airtel in April added more active subscribers than Reliance Jio Infocomm for the first time since the latter's launch in September, said analysts who cautioned that the 4G entrant may continue to face challenges in user additions.

The Sunil Mittal telco notched up 2.6 million active subscribers, according to visitor location register or VLR, in April compared to Mukesh Ambani-owned Jio's 400,000 active (VLR) customer adds, said brokerage Goldman Sachs, analysing Telecom Regulatory Authority of India data. Visitor location register is a key metric indicating the number of subscribers actively using mobile services.

AAP asked to cough up Rs 27 lakh fine for 'unauthorised occupation' by its own government

AAP asked to cough up Rs 27 lakh fine for 'unauthorised occupation' by its own government

The Public Works Department (PWD) of the Delhi government has slapped a fine of Rs 27 lakh on the AAP for 'unauthorised occupation' of a bungalow in Rouse Avenue here.

The PWD has issued a notice to AAP national secretary Pankaj Gupta over its continued occupation of 206, Rouse Avenue as party office.

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