A few hours of incessant rainfall caused waterlogging in several low-lying areas of Mumbai and on railway tracks, affecting traffic on roads and local train services on Monday morning, officials said.

Mumbai monsoon: Heavy rainfall causes waterlogging in parts of Mumbai | Mumbai rain

The Enforcement Directorate on Saturday said the RBI had issued a compounding order for Genpact India, against a one-time payment, resulting in termination of a FEMA against the technology major.
The agency had filed a complaint against the company in October 2018 for alleged contravention of the Foreign Exchange Management Act (FEMA) to the tune of about Rs 26 crore.
It issued a show cause notice to the firm and its directors in the same month ( and initiated adjudication proceedings.
Genpact subsequently filed an application before the Reserve Bank of India (RBI) for compounding of the said FEMA "contraventions".
On reference from the RBI, the ED issued "no objection" for such compounding in line with the true spirit of the Act (FEMA), and the banking regulator compounded the offence through an order issued on October 17 with a one-time payment of Rs 4.72 lakh to be made by the company, the ED said in a statement.
A compounding order in the regulatory context means a formal deci

The agency had filed a complaint against the company in October 2018 for alleged contravention of the Foreign Exchange Management Act (FEMA) to the tune of about Rs 26 crore

Press Trust of India

The Enforcement Directorate on Saturday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, for the second consecutive day in a money laundering case linked to an alleged bank loan fraud, officials said.
The statements of 34-year-old Anmol Ambai were recorded under the Prevention of Money Laundering Act (PMLA) for the first time on Friday, and the session is continuing on Saturday, they said.
The Reliance Anil Dhirubhai Ambani Group did not respond to the development. The ED probe is related to Yes Bank, which, according to the officials, had an exposure of about Rs 6,000 crore in the Reliance Anil Dhirubhai Ambani Group as of March 31, 2017, which doubled to Rs 13,000 crore within a year.
The companies involved included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
A large portion of these investments turned into non-performing investments (NPIs) and the bank, subsequently, suffered a loss of Rs 3,300 crore from these dealings, the

The companies involved included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL)

Billionaire Mukesh Ambani on Saturday said India must become a world leader in artificial intelligence, but stressed the need for greater empathy in adopting new-age tech.
The Chairman and Managing Director of Reliance Industries said the largest Indian corporate is at the "doorstep" of solving India's energy challenge with solar energy and storage solutions.
Speaking at an event here on the occasion of the International Human Solidarity Day, Ambani said RIL's telecom arm Jio has catapulted India into the digital mainstream of the world by laying the foundation with its services.
"... of course we need AI. We (India) must become world leaders in AI. But above all, we need empathy and compassion even more," Ambani said.
"By combining intelligence with empathy, prosperity with purpose, India can present a new model of development to the rest of the world," the richest Indian said.
He said there were many "disbelievers" about the telecom business even within RIL.
In an apparent refe

The Chairman and Managing Director of Reliance Industries said the largest Indian corporate is at the "doorstep" of solving India's energy challenge with solar energy and storage solutions

Artificial intelligence is a force multiplier in the education sector but unethical use of AI tools for cheating, data and privacy breach is a matter of concern, according to educationist Shishir Jaipuria.
Jaipuria, Chairman of the Seth Anandram Jaipuria Group of Educational Institutions, said the purpose of education is to nurture knowledgeable, skilled, conscientious and emotionally strong individuals who go on to make a positive impact on society, but the rat race defeats it and pushes students to take extreme steps.
The advent and prevalence of artificial intelligence has been a watershed moment in the history of human progress. AI is not just transforming industries, but also reshaping the jobs of the future. Its integration and application in the education sector will have far-reaching implications," Jaipuria told PTI.
AI platforms allow schools to map each child's learning style, identify the learning gaps, and recognise the strengths and weaknesses to optimise learning ...

The educationist also highlighted that teacher training and professional development have to be directed towards creating digital competencies to enable educators to leverage the full potential of AI

Prime Minister Narendra Modi on Saturday inaugurated the Rs 4,000-crore new terminal of Guwahati's Lokapriya Gopinath Bardoloi International Airport, which has been designed to reflect Assam's natural heritage and cultural ethos.
Touted as the country's first "nature-themed airport", the new terminal will be able to handle 13.1 million passengers per annum, officials said.
The total cost of the project is Rs 5,000 crore, including Rs 1,000 crore earmarked specifically for Maintenance, Repair, and Overhaul (MRO) facilities, they said.
The project has been developed by Guwahati International Airport Ltd, with operations led by Adani Airport Holdings Limited (AAHL), they added.
Adani Group chairman Gautam Adani said the new terminal will serve as a catalyst for regional and industrial development, strengthening Guwahati's role as an emerging economic gateway beyond its tourism potential.
After the inauguration, Modi toured the new terminal. He also examined the model of the airport,

After the inauguration, Modi toured the new terminal. He also examined the model of the airport, the Kaziranga-inspired landscape and other key aspects of the facility

The West Bengal Police on Saturday said that attempts to draw parallels between the recent lynching of a Hindu man in Bangladesh with the murders of a father-son duo in the state's Murshidabad district eight months ago were "highly inciteful, factually misleading, and intended to disturb public order".
The police, in a statement, said that 13 people accused in the murder of father-son duo, Haragobindo and Chandan Das, in Murshidabad were promptly arrested and a "strong charge sheet" was filed, while judgment in the case is expected soon.
The two people were killed during communal violence in the Bangladesh-bordering district during protests against the Waqf (Amendment) Act.
A 25-year-old Hindu man, identified as Dipu Chandra Das, was lynched by a mob and his body set on fire over alleged blasphemy in Mymensingh city in Bangladesh on Thursday.
"Drawing parallels with the events in Bangladesh is nothing but a disingenuous attempt to spread communal mistrust where the law is already .

A 25-year-old Hindu man, identified as Dipu Chandra Das, was lynched by a mob and his body set on fire over alleged blasphemy in Mymensingh city in Bangladesh on Thursday

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Mumbai monsoon: Heavy rainfall causes waterlogging in parts of Mumbai | Mumbai rain

A few hours of incessant rainfall caused waterlogging in several low-lying areas of Mumbai and on railway tracks, affecting traffic on roads and local train services on Monday morning, officials said.

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