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Income Tax Dept sent tax notice for Rs 9.6 lakh EPF interest which employee never received but erroneously shown in ITR as received; he fights and wins case in ITAT Mumbai. This judgement was delivered by Challa Nagendra Prasad, the Judicial Member, and Makarand Vasant Mahadeokar, the Accountant Member of ITAT Mumbai.
Adobe has appointed Anil Chakravarthy as its next president and CEO, succeeding Shantanu Narayen. Chakravarthy, who joined Adobe in 2020, has held senior roles at Informatica, Symantec and VeriSign and will take charge on December 1, 2026.
Employee associations are advocating for increased House Rent Allowance (HRA) rates for central government employees, aiming to tackle escalating rental prices in metropolitan areas. These suggestions have been forwarded to the 8th Pay Commission for evaluation. If accepted, Level 1-5 employees could see considerable boosts in their monthly HRA. The definitive report from the 8th…
It was not clear who was responsible for the two breaches or whether they were related. Large law firms’ extensive holdings of confidential business and personal data have made them attractive targets for cybercriminals.
OpenAI on Thursday, alongside the cybersecurity initiative, also unveiled Astra, a new AI model it described as its most capable yet but said can at times attempt to evade human monitoring.
The IPO, which was open for subscription from August 28 to September 1, received an overwhelming response across investor categories. Overall, the issue was subscribed 135.88 times. Retail investors subscribed 39.64 times their allotted portion, while Non-Institutional Investors (NIIs) bid for 192.94 times the shares reserved for them. Demand was strongest among Qualified Institutional Buyers…
Hugging Face, the artificial intelligence platform US chip giant Nvidia is buying for $12.9 billion, is a French success story — founded by three Frenchmen and incubated in Paris — even if its headquarters and many of its investors are American. Decentralizing artificial intelligence “is much more interesting for society and for humanity in general,”in…
The IPO opened for subscription on August 28 and closed on September 1. The retail portion was subscribed 106.76 times, while non-institutional investors (NIIs) subscribed 166.49 times and qualified institutional buyers (QIBs) subscribed 39.87 times.
The concerns center on agentic AI, which is designed to perform tasks with little to no human intervention. The promise of agents running around the clock is central to investors’ confidence in the appeal of AI as a transformative technology.
Brokerages have recently begun coverage on Adani Ports, Welspun Corp, and Wakefit Innovations, all receiving buy ratings. Analysts project price targets indicating potential gains ranging from nineteen to thirty-four percent. Adani Power is anticipated to excel due to India’s forthcoming thermal capacity expansions, while Welspun Corp stands to gain from increased investments in oil and…