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CBI has searched 30 locations across 10 states and union territories after registering a case in a fraudulent investment scheme linked to the HPZ Token App, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent crypto-currency mining machine rentals. The nationwide operation ended Tuesday night. Two private companies, Shigoo Technology Private Limited and Lillian Technocab Private Limited, along with their directors were booked in the case under Indian Penal Code Sections 120-B (criminal conspiracy) 419, 420 (cheating) and Section 66 D of Information Technology Act, 2000, officials said. The CBI seized digital devices, including laptops, mobile phones, ATM and debit cards besides a trove of email accounts, during the searches spread across Delhi-NCR, Jodhpur in Rajasthan, Mumbai in Maharashtra, Bengaluru in Karnataka as well as locations in Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Bihar, Odisha and Madhya Pradesh.

Kogo AI is set to launch its large action model (LAM)-based platform Kogo OS this week, said chief executive Raj K Gopalakrishnan. It will be offered as platform-as-a-service for enterprises and small businesses looking to create artificial intelligence (AI) agents, he told ET.

Toronto-Dominion Bank is booking an initial US$450-million provision in connection with an ongoing probe into violations of U.S. banking regulations, including anti-money laundering rules, the bank said Tuesday.

₹23,70,800. Bookings are currently open, with the motorcycle set to arrive at dealerships by the end of May. This latest offering from Ducati represents a significant upgrade over the standard DesertX, priced at ₹18.33 lakh ex-showroom.

5 Money Changes in May 2024: Two major banks, ICICI Bank and YES Bank, are set to revise their charges for savings accounts from May 1. YES Bank and IDFC First Bank credit card holders will have to shell out extra 1% fee now on all utility bill payments. In the fixed deposit space, HDFC Bank will end its special FD offer for senior citizens on May 10.

The Federal Trade Commission is challenging hundreds of pharmaceutical patent listings in an effort to smooth the path to more affordable alternatives to brand-name drugs—including blockbusters such as Ozempic and Victoza. The crackdown is the latest assault against what the agency regards as drugmakers’ patent ploys intended to stall generic competition. At issue is what is called the Orange Book, a document published by the Food and Drug Administration that lists patents relevant to brand-name pharmaceuticals.

large corporates recovered after post COVID-19 contraction. The Reserve Bank stepped in to improve lending quality of retail loans which helped banks' loan books in recent years by assigning higher risk weights to unsecured lending, which helped in slowing the pace of growth of such loans. In the process, without factoring in the merger impact of HDFC with HDFC Bank, loans to services factor grew faster at 20.2 percent than retail at 17.7 percent in FY’2023-24 according to the latest data on sectoral deployment of bank credit. While retail loans continue to lead the pack with 27.6 percent followed by services at 22.9 percent if one factors in the merger impact of HDFC with HDFC Bank. The RBI, in November 2023 increased the risk weights on unsecured consumer loans and on credit cards by 25 percentage points to 125-150 per cent. As a result unsecured loans growth slowed down to 20.8 percent compared to 26.7 percent in the same period a year ago.

IPO) of TBO Tek will open for subscription on May 8 and will close on May 10. The price band for the issue will be announced soon. The company had filed its draft prospectus papers in November last year and received approval for the same earlier this month.

3 Body Problem' dominated the streaming industry in March and remained the number one series for two weeks, its second season was planned and work was started though Netflix has not announced it officially. '3 Body Problem' Season 2 will have a new plot, characters, cast members, and turns and twists that will make the series interesting and viewers will remain spellbound.

₹60 for each equity share with a face value of ₹10. Sai Swami Metals & Alloys IPO lot size consists of 2,000 shares. Applications have to include a minimum of 2,000 equity shares; after that, multiples of 2,000 equity shares will be considered.

Since so much of my work lies at the intersection of law and technology, I’m always interested in theories of governance. If I can understand how governance works, I believe I will be better informed as to how technology can be used to make it more effective. Which is why, ever since I heard that it was being written, I’ve been waiting to read Karthik Muralidharan’s tome, Accelerating India’s Development.

BENGALURU : Bias, errors and hallucinations—the technological marvel that is Generative AI has seen it all, while writing code, composing music, and conjuring up images. Meanwhile, at some of the world's largest technology services firms, new concerns are rising: risks to profit, reputation harm, and legal liability. For the first time since the launch of ChatGPT took the world by storm, the world’s largest IT services firms, led by Accenture Plc., Cognizant Technology Solutions Corp.

₹73 to ₹78 per equity share of face value of ₹10 each. There are 1,600 shares in each IPO lot. 1,600 equity shares is the minimum application size; beyond that, applications will be accepted in multiples of 1,600 equity shares.

M&M shares jumped as much as 5.15% to a new high of ₹2,169.25 apiece on the BSE. The auto major launched the XUV 3XO with prices starting from ₹7.49 lakh for the base MX1 variant. The new compact SUV is likely to compete with the likes of Tata Nexon, Hyundai Venue and Maruti Suzuki Brezza in a highly contested market segment.

₹79 per equity share of face value of ₹10 each. Slone Infosystems IPO will open for subscription on Friday, May 3, and close on Tuesday, May 7. The lot size for the Slone Infosystems IPO is 1,600 shares.

«As per the F&S report, the petrochemical side is going to be added in the capex where these cracking furnaces are going to be prospective in the future,» says Goutam Rampelli, Whole Time Director, JNK India. Meanwhile, Pravin Sathe, CFO, JNK India says, «So far as the capex plans are concerned, we did not have any capex plan in the near future as per the RHP. We have been an asset-light model and we have a lot of vendors who are empanelled with us and they are capable of meeting the standards that are required for these equipments.» What is the outlook when it comes to the demand for the company's products, like O&G upgradation as we are seeing capex gather pace both internationally as well as domestically? Goutam Rampelli: Yes, this oil and gas and also the petrochemical industry is going to have much more growth than they expected. And as per F&S report what we have seen earlier that it is going to be Rs 6,300 crore market value for this heating equipment.

Pidilite Industries Ltd. gained 0.97 per cent to Rs 3050.55 in Tuesday's session as of 12:48PM (IST) even as the equity benchmark Sensex traded 300.31 points higher at 74971.59. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 3073.2 and a 52-week low of Rs 2293.1 on NSE. Around 10642 shares changed hands on the counter till 12:48PM (IST).

₹71 to ₹75 per share. The IPO lot size is 1,600 shares. At the upper end of the price band, the company plans to raise ₹23.36 crore from the book-built issue which is entirely a fresh issue of 31.15 lakh equity shares.

Deve Gowda's grandson Prajwal Revanna has been suspended from the party temporarily until allegations against him over sexual abuse are probed. Revanna and his father HD Revanna, also a JD(S) MLA, were booked on Sunday by the police for sexual harassment and criminal intimidation based on a complaint from a woman, who worked in their household. «We welcome SIT against Prajwal Revanna. We've taken a decision to recommend our party's national president to suspend him from the party till the SIT investigation is completed, » JD(S) core committee president GT Devegowda said.

ICICI Lombard General Insurance Company Ltd. rose 0.67 per cent to Rs 1717.65 in Tuesday's trade as of 12:27PM (IST) even as the benchmark Nifty ruled at 22746.2, up 102.8 points. The scrip had closed at Rs 1706.05 in the previous session. The stock quoted a 52-week low of Rs 1066.65 and a high of Rs 1747.4. The company quoted a market-cap of Rs 84058.12 crore on the BSE.

Also Read: Best FD rate? This bank is offering 9.25% on fixed deposits for senior citizens ICICI Bank has recently revised the service charges for various services, including cheque book issuance, IMPS, ECS/NACH Debit Returns, stop payment charges, and more. These updates are scheduled to come into effect from May 1, 2024, as announced on the ICICI Bank website. Stay informed to avoid any surprises!Also Read: ICICI Bank account holders alert! These 10 service charges to change from next month.