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NCLAT. IL&FS is in the process of recovering approximately Rs 187 crore from the directors and independent directors of the previous board, during whose tenure the company and its two subsidiaries — IFIN and ITNL- were shown in profit through financial engineering, though they were in loss. Earlier this year, books of accounts and financial statements of IL&FS, IFIN and ITNL were recast on the directions of the National Company Law Tribunal (NCLT) for five years — FY 2013-14 to FY 2017-18- and a loss of around Rs 9,600 crore was found. Originally, a profit of Rs 1,869 crore was shown by the previous company management and board, which the government later superseded following revelations of irregularities that shook India's financial sector.

«This is a temporary intervention to provide relief to consumers,» Food Minister Pralhad Joshi said after flagging off the mobile vans of these cooperatives. The government has allocated 3.69 lakh tonne of wheat and 2.91 lakh tonne of rice from the Food Corporation of India (FCI) for the phase-2 retail intervention under the Price Stabilisation Fund.

Howard University on Tuesday looked forward to hosting Democratic presidential candidate Kamala Harris for her election night watch party. This marks the first time in modern history that a presidential election night event will be hosted on a college campus. Harris graduated from Howard University with a bachelor's degree in 1986. Nigel Jhonson, a law student at Howard University, is upbeat about the event.

Congress MP and Lok Sabha Leader of Opposition Rahul Gandhi on Tuesday chaired a District Development Coordination and Monitoring Committee (DISHA) committee meeting in Raebareli. DISHA committee meetings are held on a quarterly basis, under the chairmanship of the MP. Earlier in the day, Rahul Gandhi inaugurated the newly-built Shaheed Chowk and Degree College Chauraha in Raebareli. He also visited and offered prayers at Shri Peepaleshwar Mahadevji Mandir and Hanuman Mandir in the city.

Axiom Space is exploring using Indian launch vehicles to support its international space station mission, a senior executive said on Tuesday. Axiom Space is one of the few companies constructing a private space station, intended to eventually replace the International Space Station (ISS), which the U.S. National Aeronautics and Space Administration (NASA) expects to retire around 2030. Pearly Pandya, director of Axiom's international government business, said that while contracts had not been signed yet, the startup was in talks with India's space agency, ISRO, and India's private launch companies to explore the best fit for its missions and to diversify its supply chain.

Archaeological Survey of India (ASI) to carry out a scientific survey of the boundary wall after cracks were detected. The ASI serves as the custodian of the temple, PTI reported. Chief Administrator of the Shree Jagannath Temple Administration (SJTA) Arabinda Padhee wrote to the ASI, noting that significant cracks have appeared on the massive wall surrounding the temple complex. He also requested immediate repair and restoration of the 'Meghanad Pacheri' (the boundary wall). To address the issue, Padhee mentioned that the civil construction wing of the SJTA has already taken measures to prevent water leakage on the wall.

Lancet that found one in three kids is seriously hooked on platforms like Instagram, Facebook, and X. They’re not just casually browsing either—many are obsessively counting likes and binge-watching reels. Even more concerning, about 11% of these young users are showing signs of addiction, including feeling jittery or anxious when they can’t get their screen time fixed. Doctors said these findings were a major red flag. According to the research, the rise in social media use over the last 15 years has gone hand-in-hand with a rise in mental health issues and self-harm among kids and young adults aged 10-24. As per TOI, health experts in Delhi urged parents to find a balance, as too much screen time without guidance could negatively impact young people’s mental and emotional well-being. In the TOI report, Dr. Prashant Goyal, a senior psychiatry consultant at Sri Balaji Action Medical Institute, suggested that parents set screen-time limits and monitor their child’s social media habits. He also believed schools could play a huge role in promoting mental health and teaching kids how to use digital media wisely.

Donald Trump is re-elected as the US President in tomorrow's presidential polls, he will crackdown on Khalistseparatists and even Canadian Prime Minister Justin Trudeau will listen, US Industrialist and founder of the Republican Hindu Coalition, Shalabh Shalli Kumar has said. In an interview with ANI, Shalabh Kumar said India and US will be looking for a Free Trade Agreement (FTA). Asked if a probable Trump presidency may resolve the Khalistani issue and the strain in the Indo-Canada relations, Kumar said «Yes, that will happen».

Notably, the suspended officer is Sergeant Harinder Sohi, an 18-year veteran of the force. Following the suspension, Sergeant Sohi has received death threats on social media, prompting the Peel Regional Police Association to offer «assistance and protection.» Sohi at present does not face any allegations of wrongdoing. Richard Chin, Peel Police spokesperson said that they are aware of the video circulating on social media showing one of their off-duty officers participating in a protest.

cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday introduced a joint stablecoin pegged to the U.S. dollar. The aim of the newly formed Global Dollar Network is to accelerate usage of stablecoins worldwide and promote an asset that provides proportionate economic benefits to its partners, the companies said.

However, it looks like Musk can now proceed as planned as a Pennsylvania court has ruled that the decision to shut the petition down has been duly rejected, and the next phases of the announcements of the receivers will follow. The initiation of the legal action against this million-dollar giveaway began with District Attorney Larry Krasner, a Democrat, who had called the process a scam and a ploy 'designed to influence a national election' and demanded that it be shut down. However, Common Pleas Court Judge Angelo Foglietta did not pay heed to his wording and ruled in Musk's favor. Meanwhile, Musk's lawyer Chris Gober explained that the final two recipients of the giveaway before the presidential election will be in Arizona on Monday and Michigan.

asset managers will now be able to invest in overseas mutual funds and unit trusts that have exposure to Indian securities. The move is aimed at facilitating ease of investment, increasing transparency and enabling diversification in overseas investments, Sebi said on Monday. The total exposure by such foreign funds should not be more than 25% of their assets, the regulator said in a circular.

sectoral approach to AI regulation, rather than a one-size-fits-all law, are growing louder. Jensen Huang, CEO of AI chip giant Nvidia, said at ET Conversations in Mumbai recently, “We should regulate AI in the context of every application. When you use AI as an accountant, that accountant should be regulated. When you use AI as a lawyer, that lawyer should be regulated. When you use AI as a doctor, that doctor should be regulated.” To be sure, AI is already subject to the country’s existing provisions on data privacy, cybersecurity and copyright laws. Industry leaders say the need therefore is to plug gaps or clarify how existing regulations would apply to AI in specific ways.

Among those setting up base are QSR companies such as Yum Brands and Starbucks, media and entertainment firms Warner Bros and Discovery, as well as hotels chain Marriott International, energy giant Chevron and smaller firms such as US K-12 education software and content provider Curriculum Associates. Several are turning to tier II destinations, apart from the likes of Bengaluru and Hyderabad, to gain from robust talent pools and lower cost of operations. “Traditionally, India has seen a lot of GCCs in BFSI (banking, financial services & insurance), retail, healthcare and life sciences, manufacturing and automotive industries,” said Vikram Ahuja, founder of ANSR.

While Warburg Pincus-backed Boat registered a decline in its FY24 revenue even as it reduced its loss by 48%, its smaller rival Boult saw its profit halve during the year as it increased spending to push growth. The wearables segment – which includes wireless audio devices and smartwatches – saw a 10% year-on-year decline in shipments during the April-June quarter of this year amid cautious inventory management and fewer new product launches, market tracker IDC said.

generative AI image and video models, said Alexandru Costin, vice president of GenAI at Adobe. Instead of fearing loss of work opportunities in the GenAI era, designers, photographers and illustrators are embracing the new technology. They are adding a new income stream for each digital asset they create for model training, he said. The company, which has built a proprietary family of text-to-image and text-to-video GenAI models known as Firefly, says it is running “content missions,” which identifies gaps in training data (images and videos) and rewards contributors who fulfil these missions. “We put missions on Adobe Stock and tell contributors that we have a gap,” Costin said. “For example, if we don’t have photos of Indian culture of a select province, we put out a stock mission inviting photos and videos with this particular cultural characteristic.”

Microsoft Security, pointing to the rapid escalation of cyberattacks. “Just in 2021, we had 579 attacks per second (identity or password related attacks) and that number now is 7,000 attacks per second,” she told ET. “That’s a 10x increase. We’re seeing that human operated ransomware is also on an exponential rise, with a 275% increase in ransomware from 2022 to 2024. And cybercrime as an anti-economy is costing the world $8 trillion every single year.” Jakkal said that “defenders” the world over are facing tremendous operational complexity as it is a fragmented ecosystem with numerous tools that they must stitch together and figure out the insights. What compounds the challenge is that there is a shortfall of four million cybersecurity experts globally, she said.

government prepares to notify the Digital Private Data Protection Act, 2023 (DPDP), law enforcement authorities are cracking down on almost every unauthorised use of personally identifiable information (PII) by technology companies. In one of the latest moves, the Union home ministry through the Indian Cybercrime Coordination Centre (I4C) has asked to shut down any unauthorised use of Pan (Permanent Account Number) of Indian citizens by fintechs and other consumer technology companies, according to three people in the know. “This was known as a ‘Pan enrichment’ service, which would help loan distribution companies create a profile of their customers against their Pan numbers, for cross sell of credit and other financial products,” said a top executive at a fintech firm on the condition of anonymity. “Sometimes this data was also used to cross check the details put in by the customer in his or her application form,” he added.

AI are being discussed by policymakers the world over. While some like the EU have been early movers in regulating the technology, others are opting to wait and watch. The US, for one, has taken a lighttouch approach to AI regulations so far. India does not have an AI law but it has rolled out the `10K-cr IndiaAI Mission earlier this year. The mission is indicative of India’s approach — to focus on building AI capabilities through computing infrastructure, skills, datasets and support for AI innovators.

2024 US elections are inching closer every hour and a sudden report about Donald Trump's campaign manager Chris LaCivita has left everyone gasping. According to a previous Daily Beast report, Trump's close aide and campaign manager LaCivita reportedly received nearly $22 million from his work on the Trump campaign. This even included money from Super PACs, and these allegations gave left the former US President enraged, and he even considered firing LaCivita after these developments.

Kamala Harris is spending all of Monday in Pennsylvania. Donald Trump plans four rallies in three states, beginning in Raleigh, North Carolina and stopping twice in Pennsylvania with events in Reading and Pittsburgh and also going to Michigan. Pennsylvania is the biggest prize among the battleground states, offering 19 of the 270 Electoral College votes a candidate needs to win the presidency. Pennsylvania's 19 electoral votes offer the largest prize among the states expected to determine the Electoral College outcome. Nonpartisan U.S. election analysts calculate Harris needs to win about 45 electoral votes on top of the states she is expected to win easily to capture the White House, while Trump would need about 51.