Nestle’s travails with regulatory authorities over its Maggi brand last week is a wake-up call for food & beverage companies, says Delhi-based activist body Centre for Science & Environment (CSE).

“I am happy that regulators are testing food products and taking action. As long as you don’t test, you will not know what is going into these. With packaged food consumption on the rise in India, law enforcement will have to get stringent,” said CSE Deputy Director-General Chandra Bhushan.

Chennai-based TVS Motors has said it is not interested in taking over the Uluberia facility in West Bengal.

The company, which entered into a technical collaboration with the promoters of the facility, has been asked to buy out the entire facility.

If you are an ICICI Bank customer then reaching out to the bank’s call centre has just become easies for you. The lender has launched a voice recognition feature, which will now be able to identify and authenticate customers based on your voice. Now, you no longer need to give out your account details or password in order to identify yourself.

This voice recognition technology works on voice prints that will comprise more than 100 characteristics such as voice modulation, speed, accent, pronunciation etc. These will be stored against the customer’s account and will be used to authenticate the details every time they call back.

Mahindra & Mahindra today unveiled an updated version of its sports utility vehicle XUV500, with the price starting at Rs 11.21 lakh (ex-showroom Delhi).

While the entry level variant W4 is priced at Rs 11.21 lakh, the highest trim W10 comes with a tag of Rs 15.99 lakh.

In a bold attempt to reduce frivolous tax demands, the income tax department has decided to overhaul the annual performance appraisal system for tax officials, relying on the quality and effectiveness of their work and not plainly on the quantum of tax demands raised.

Sources said that error-free and well-reasoned tax demands, which are made following all principles of natural justice and are not struck down by courts subsequently, would earn an officer a good grade, not frivolous, high-pitched tax claims that do not stand the test of appeal.

Unidentified gunmen on Monday fired on the franchise office of BSNL in North Kashmir’s Sopore town, killing one and leaving two injured.

Soon after the attack, police launched manhunt to track down the militants responsible for the attack.

Mumbai-based investment firm Zodius Capital has raised $110 million for making investments in Internet and technology companies. It plans to invest $11-16 million in 8-10 Indian startups by end of this year. This is Zodius’s first tranche of its $500 million fundraising partnership with Avendus Capital to set up Zodius Capital II.

As per a report by ET, the firm also plans to raise the second tranche by the end of this year or early next year. In 2011, it launched Zodius Capital I, from which it had invested in digital marketing firm BORN (earlier known as Group FMG), artist and event management venture Only Much Louder, big data firm Antuit and financial research firm ZyFin, among others.

ZenParent, a digital media company targeted at parents, has raised $500,000 (Rs 3.17 crore) from i2india Ventures.

The startup has mobile and web presence, shows information on parenting, habits, recreational activities, among others. The content is written by 15 people, who are experienced experts in parenting, according to NBW.

New Delhi and Amsterdam-based online payments and eCommerce solution provider startup, Newgen Payments has raised an undisclosed amount of funding in angel round from Jan Manten, Founder & former CEO of GlobalCollect. The raised funding will be used to upgrade its technology as well for increasing the company’s sales.

Founded in 2014 by Founder and CEO Sunil Jhamb, Newgen’s platform lets merchants to create an online and mobile eCommerce presence. It helps its clients by designing their websites, providing development & hosting services, and simplifying the checkout process by offering the payment options.

BSE Sensex and NSE Nifty fell on Monday, tracking weaker regional shares as fears about earlier-than-expected U.S. rate hikes weighed on sentiment, while cigarette maker ITC slumped after posting lower-than-expected earnings.

Federal Reserve Chair Janet Yellen indicated on Friday the U.S. central bank was poised to raise interest rates this year if the world’s top economy improved as expected.

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