INACCURACIES
Nobody can expect to escape: Rijiju on complaint against Rahul Gandhi in Lok Sabha
After Gandhi's speech on Monday on the Motion of Thanks on the President's Address, Union ministers Ashwini Vaishnaw and Rijiju accused the Congress leader of making "untruthful" claims about a host of issues, including the Agnipath scheme and the compensation paid to locals in Ayodhya.
Shadowfax announces AI-based address intelligence system SF Maps
SF Maps aims to improve navigation for delivery partners, thereby assisting e-commerce platforms and Direct-to-Consumer (D2C) brands in reducing cancellations due to address inaccuracies on their platforms.
Kotak Bank gets pulled into Hindenburg-Adani-SEBI wormhole; here what it said
Kotak Hindenburg Adani SEBI: US-based short-seller Hindenburg Research disclosed that SEBI accused them of violating Indian regulations, calling the charges "nonsense" and alleging they aim to silence critics of powerful figures. For the first time, Hindenburg implicated Kotak Mahindra Bank in the Adani controversy, causing the stock to dip sharply.
Sebi pressured brokers to close Adani short positions, will file RTI: Hindenburg
US-based Hindenburg Research criticized Sebi's show cause notice alleging violations of Indian securities laws as "nonsense" and claimed it was concocted to fulfill a predetermined agenda. The investment management firm led by Nate Anderson is currently initiating the process of filing a Right to Information (RTI) request to obtain the names of Sebi employees involved in both the Adani and Hindenburg matters.
Adani-Hindenburg Row: What are the allegations against US-based short-seller? What's the link with Kotak Mahindra?
Hindenburg Research rebuts Sebi's allegations of collusion with Kingdon Capital Management in shorting Adani Group stocks. Sebi's 46-page notice claims Hindenburg's actions facilitated significant gains for Kingdon Capital, but Hindenburg dismisses these as baseless and accuses Sebi of neglecting investor protection. Kotak Mahindra Bank's alleged involvement adds to the controversy, with Sebi and Kotak yet to comment.
Bansuri Swaraj gives notice in Lok Sabha pointing out alleged inaccuracies in Rahul Gandhi's speech
After Gandhi's speech on the Motion of Thanks to the President's address, Union ministers Ashwini Vaishnaw and Kiren Rijiju accused the Congress leader of making "untruthful" claims about a host of issues, including the Agnipath scheme and the compensation paid to locals in Ayodhya.
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U-Turn: Sensex, Nifty erase gains after hitting record highs
From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
Hindenburg faces Sebi scrutiny, Kotak Bank dragged in Adani saga
Adani-Hindenburg Case: Hindenburg Research's disclosure of suspected violations by Sebi regarding Adani Group's short bet led to minimal gains, highlighting challenges foreign investors face under Indian securities rules. The short seller also stated that Kotak Mahindra Bank created and oversaw an offshore fund structure used by its "investor partner" to bet against the conglomerate, providing new details of trades that puzzled investors.
Zero factual inaccuracies with our Adani research: Hindenburg on Sebi notice | Read short seller's full response here
Adani-Hindenburg Case: US-based short-seller Hindenburg Research stated Kotak Bank, one of India’s largest banks and brokerage firms founded by Uday Kotak, which created and oversaw the offshore fund structure used by our investor partner to bet against Adani. Instead it simply named the K-India Opportunities fund and masked the “Kotak” name with the acronym “KMIL”
How MSMEs are spearheading the digitisation of energy space
Whether it's a smart fuelling station in Mumbai or an AI-driven oil rig in Gujarat, MSMEs are spearheading a digital transformation that promises to redefine the country’s energy future and drive sustainability in the Indian economy.
OpenAI releases new GPT-4 model to find errors in ChatGPT's responses
GPT-4 will help align with AI systems, through reinforcement learning from human feedback (RLHF), which helps make responses from large language models more accurate. OpenAI said that with ChatGPT becoming more accurate and errors more subtle, a model like CriticGPT became necessary to find inaccuracies.
Elon Musk responds to claims about Amazon tribe's porn addiction from Starlink internet: What did SpaceX CEO say?
Elon Musk has addressed false claims suggesting that the Marubo tribe in the Amazon became addicted to pornography after gaining access to Starlink internet. These claims originated from a New York Times article, which described some tribe members sharing explicit content in private chat groups. The New York Times later clarified that their article had been misrepresented, stating that the tribe is not addicted to pornography
Apple WWDC 2024: From AI-based Siri upgrades to custom emoji options; what to expect from iOS 18 ?
At the Apple Worldwide Developers Conference (WWDC) 2024, AI is set to take center stage. Apple plans to integrate generative AI across its operating systems, enhancing features in iOS, macOS, and more. Siri will see significant updates, becoming more conversational and capable of controlling app functions. New AI-driven features, such as voice memo transcriptions, automated message replies, and advanced photo editing, will be introduced.
'Heeramandi 2' announced: Bhansali's courtesans to enter Mumbai film industry in new season; check plot, cast
Netflix has confirmed a second season for Sanjay Leela Bhansali's series 'Heeramandi: The Diamond Bazaar,' following its successful debut on May 1. Season 2 will shift the story from Lahore to the Indian film industry post-Partition, with courtesans transitioning from performing for nawabs to entertaining film producers. Bhansali, who faced significant challenges during production, expressed his excitement for the continuation of the series.
RBI's Swaminathan cautions NBFCs on poor data, unsecured loans
"While automation can enhance efficiency and scalability, NBFCs should not allow themselves to be blinded by these models. It is crucial to recognise that rule-based credit engines are only as effective as the data and criteria upon which they are built. Over-reliance on historical data or algorithms may lead to oversights or inaccuracies in credit assessment, particularly in dynamic or evolving market conditions," Swaminathan said.
RBI warns NBFCs a mode they use for giving loans may bring grief
Bank Loans: The Reserve Bank of India has issued a caution to non-bank finance companies, advising them against becoming overly reliant on algorithm-based credit models. RBI Deputy Governor Swaminathan J flagged the importance of maintaining a balanced approach in credit assessment, highlighting potential risks associated with over-reliance on historical data and algorithms.
Google consolidates its DeepMind and Research teams amid AI push
Google and Microsoft make strategic moves in AI development. Google faces criticism for Gemini AI inaccuracies, while Microsoft hires DeepMind co-founder. Both companies plan significant AI advancements in the coming years.
Dwayne Johnson's 'Hercules': Criticized for historical inaccuracies, gets modest success at box office
Dwayne Johnson's 2014 movie 'Hercules' received a 58% score on Rotten Tomatoes. The film was praised for its enjoyable action sequences and impressive effects. But some people also criticized 'Hercules' for lacking any sort of real emotional pull.
Google to pause Gemini AI model's image generation of people
"We're aware that Gemini is offering inaccuracies in some historical image generation depictions," Google had said on Wednesday.
'Shang-Chi' star Simu Liu criticises Mandarin inaccuracies in Ethan Hawke's 'Moon Knight' character
Liu slammed the Mandarin inaccuracies in 'Moon Knight'.
SBI issues clarification on Pratip Chaudhuri case, points to 'factual inaccuracies in complainant's version'
The State Bank of India has issued a clarification in the alleged loan scam case involving former Chairman Pratip Chaudhuri,says the asset in focus was sold with due process in March 2014, after Chaudhuri retired from the bank in Sep 2013. The company further says that there are factual inaccuracies in the complainant’s version submitted to the court and that the bank was never a party to it.
Britain accuses Russia of sowing inaccuracies over Black Sea warship incident
Russia, one of the world's biggest military powers, said the British warship had breached its territorial waters - which Britain and most of the world say belong to Ukraine - and cast Britain's actions as a blatant provocation.
Labour bureau to conduct five nationwide surveys in five languages to check job data inaccuracies
These surveys are expected to be broad based with large sample sizes and would bring about comparative data for such workers that have been left unaccounted so far in the absence of any data. The surveys will involve six months of field work and their results will be out in the next seven to eight months.
Correct constitutional inaccuracies or face exclusion from BCCI polls: COA to MCA
The COA has also asked MCA to appoint electoral officer for its elections before the deadline of September 14.
'Unsolicited offer" of 20 pc discount on Eurofighter by EADS had 'factual inaccuracies': MoD to CAG
The rebate on the Eurofighter was proposed by its manufacturer in comparison to the 2007 UPA offer on the Rafale jets.
Some of the figures issued by FM are blatant inaccuracies: Shashi Tharoor
Modi government giving back to the middle class what they have been unjustly taking from it, says Tharoor
Planning Commission seeks overhaul of IIP data to correct inaccuracies
Planning Commission has pitched for a complete revamp of the index to correct inaccuracies and suggested guidelines to improve data collection.
Budget 2013: OPPI seeks no penalty on inaccuracies in TDS statement
Section 271H proposes to levy a penalty of Rs 10,000 to Rs 100,000 on failure to furnish, or for furnishing inaccurate information in TDS statement.
Correcting geographical inaccuracies in food can leave bad taste
There is an inherent danger in claiming territorial rights over stars of the world of food.
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