Reliance Industries Chairman Mukesh Ambani announced that the company will invest ₹75,000 crore in the Northeast over the next five years. The initiative is expected to generate more than 2.5 million direct and indirect jobs, Ambani said. Watch.

Reliance Industries Chairman Mukesh Ambani announced that the company will invest ₹75,000 crore in the Northeast over the next five years.

Watch: Mukesh Ambani pledges ₹75,000 cr for Northeast | Reliance Industries

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)

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

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Business Standard

Chief Justice of India Surya Kant will sit in a special vacation bench on December 22 to hear some urgent matters that require immediate judicial intervention.
According to the cause list uploaded on the apex court's website, CJI Kant, along with Justice Joymalya Bagchi, will sit in the vacation bench at 11 am to hear 17 matters, which include several criminal and civil cases.
A statement issued by the apex court said, The Chief Justice of India has constituted a Special Vacation Bench to hear urgent matters during the ongoing court vacation. The Bench, comprising Chief Justice of India Surya Kant and Justice Joymalya Bagchi, is scheduled to sit on Monday, December 22, 2025, to take up urgent matters for hearing.
The special sitting has been arranged to ensure timely consideration of pressing cases that require immediate judicial intervention during the vacation period, it said.
On Friday, CJI Kant said he was willing to sit on December 22, the first day of the Christmas and New Ye

A statement issued by the apex court said, The Chief Justice of India has constituted a Special Vacation Bench to hear urgent matters during the ongoing court vacation

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Watch: Mukesh Ambani pledges ₹75,000 cr for Northeast | Reliance Industries

Reliance Industries Chairman Mukesh Ambani announced that the company will invest ₹75,000 crore in the Northeast over the next five years. The initiative is expected to generate more than 2.5 million direct and indirect jobs, Ambani said. Watch.

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