News Highlights: Delhi HC questions legality of Kejriwal's arrest, seeks answers from ED, says Atishi

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World News Updates Live: Zelensky urges delivery of F-16s, Patriots after Kharkiv strike

Ukraine President Volodymyr Zelensky urges Ukraine's allies to speed up deliveries of warplanes and air defence systems following a deadly Russian strike on the city of Kharkiv.

"Bolstering Ukraine's air defence and expediting the delivery of F-16s to Ukraine are vital tasks. There are no rational explanations for why Patriots, which are plentiful around the world, are still not covering the skies of Kharkiv and other cities," Zelensky said in a post on social media.

World News Updates Live: One dead, 16 wounded in Russian strike on Ukraine's Kharkiv, says governor

A Russian strike on the eastern Ukraine city of Kharkiv killed one person and wounded 16 more, the regional governor announced on social media.

Governor Oleg Sinegubov gave the toll in a series of posts on Telegram and said Russia had launched a guided missile at the city that has suffered routine bombardments since the Russian invasion in February 2022.

World News Updates Live: France will help Brazil develop nuclear-powered submarines, says Macron

"I want us to open the chapter for new submarines ... that we look nuclear propulsion in the face while being perfectly respectful of all non-proliferation commitments," France President Emmanuel Macron said at the launch of a conventionally powered Franco-Brazilian submarine in Itaguai near Rio de Janeiro. "You want it, France will be at your side."

Live News Updates: Jagan Mohan Reddy alleges TDP links to seized drug consignment at Visakhapatnam Port

Andhra Pradesh CM YS Jagan Mohan Reddy on CBI detaining shipping container at Visakhapatnam port with drugs consignment, said, "When the CBI raided Visakhapatnam port and seized dry yeast laced with narcotics, 'Yellow brothers' were shocked, as the consignee company belonged to Chandrababu Naidu's sister-in-law and AP BJP chief D Purandeswari's relative. Purandeswari's son and her family associates worked as directors and partners in the consignee company that imported drugs. Even though the accused belong to TDP, the yellow party is trying to implicate YSRCP in this heinous crime."

News Updates Live: Congress Gen Secy accuses Govt of vendetta politics over IT notices

Congress' general secretary KC Venugopal on I-T notices to party, says, "Their only target is to freeze the financial sources of Congress for fighting elections. This is clearly a vendetta politics from their side. We are doing the maximum campaigning to save democracy."

"We are planning a rally of INDIA bloc on 31st March. All major leaders of INDIA will come," he adds.

AI Alliance Pune Live updates: Icertis CTO foresees unprecedented AI disruption, projects efficiency boost of 40-50%

Monish Darda, Cofounder and CTO, Icertis, says:

- I think that change (AI disruption) has already happened. And it's a change that has never been seen before. People were thinking automation would do 5-6% efficiency, you would improve your gross margins by 2-3-4%, now you can actually think 40-50%.

AI Alliance Pune Live updates: Anticipating market disruption, foresee UI-free interfaces in near future, says MindTickle CEO

Krishna Gopal Depura, Cofounder and CEO, MindTickle, says:

- I genuinely feel that we are in an era where our market is getting completely disrupted. I personally feel like the entire interfaces will go away… because you will not need any UI. So in 2-3 years, the workflows will remain same but how software's are developed will completely change.

AI Alliance Pune Live updates: AI's massive impact comparable to previous tech disruptions, says Milind Borate of Druva

Milind Borate, Cofounder and Chief Development Officer, Druva, says:

- I believe AI has already impacted us and in a massive. So I believe in the last 30 years, computers was one thing that actually disrupted everything then came internet, then I think mobile was the next kind of disruption. Tech is moving so fast.

AI Alliance Pune Live updates: KiKPIT Technologies CEO explains why autonomous vehicles face adoption hurdles

Kishor Patil, CEO and MD, KPIT Technologies says:

- Why autonomous is still not adopted. There are multiple reasons, one is, there is no business case actually. People drive themselves and there is a naturally high cost of autonomous vehicle and there is no clear logic to having it at that level.

India news LIVE: Govt appoints Nidhu Saxena as MD & CEO of Bank of Maharashtra

The appointment comes into effect from March 27.

Kejriwal Arrest new updates Live: Delhi HC questions legality of Kejriwal's arrest, seeks answers from ED, says Atishi

Delhi Minister Atishi says, "The ED, which has been investigating for two years, had no answers to the questions of Arvind Kejriwal's lawyers and the Delhi High Court today, so they sought time from the court. Delhi High Court has also raised questions on the arrest of Arvind Kejriwal. The High Court has clearly stated this in its order. It is written that the Court is of the opinion that the present petition raises several issues of legality and validity regarding the arrest and remand of the petitioner Arvind Kejriwal. Additionally, we question whether the arrest may be politically motivated and malafide. We also welcome the fact that the Delhi High Court has given only one week's time to the ED to file its reply."

News Updates Live: India and Malaysia discuss enhanced market access and investment opportunities

External Affairs Minister Dr S Jaishankar says in Kuala Lumpur, Malaysia, "We spoke about better market access to each other, increasing the scale of investment, how to grow the air connectivity between us, how to improve the mobility regime and we are appreciative of the fact that today many more sectors in Malaysia are open to skills and talents from India. We discussed how to increase tourism and again we very much appreciate the steps which have been taken at this end to encourage Indian tourists to come."

Liquor policy news updates Live: ED summons AAP Goa President and others

ED summons AAP Goa president Amit Palekar, Ramarao Wagh, Datta Prasad Naik and president of Bhandari Samaj - Ashok Naik, asking them join the investigation tomorrow.

AI Alliance Pune Live updates: Angel investor Sayali Karanjkar calls for increased VC investment in Pune

Sayali Karanjkar, angel investor, says: There is a shortage of VCs who come into Pune to invest. That needs to be changed.

AI Alliance Pune Live updates: Venture Center director advocates for solutions in diagnostics, food, energy, and environment sectors

Dr V Premnath, director, Venture Center, says:

- There are a lot of sectors where solutions are needed like diagnostics, food, energy and environment... We need to find solutions.

- You need an appreciation of depth and scholarship and Pune is poised for that

AI Alliance Pune Live updates: Reliscore co-founder optimistic about Pune's startup potential, sees strong growth in next decade

Amit Paranjpe, co-founder, Reliscore, says:

- In 2008, when I moved back to Pune, I read an article about how San Francisco is a great startup hub, and I looked at the points mentioned and I tried matching it with Pune. We have all the catalysts here.

- We have all the catalysts right here, we are strong in B2B, education sector and science... We will do significantly better in the next 10 years from where we are now

Baltimore Bridge Collapse Updates: Synergy Marine Group confirms safety of crew aboard vessel DALI

Synergy Marine Group statement says:

All crew members and two pilots aboard the vessel "DALI" are confirmed safe by Synergy Marine Group.

One minor injury was reported among the crew, who has been treated and discharged from the hospital.

The incident also affected individuals on the Francis Scott Key Bridge, with reports indicating two rescues from the water.

One person rescued from the water sustained serious injuries, as per reports from the Baltimore fire chief and ABC News.

The United States Coast Guard (USCG) has called off the search and rescue operation for the night.
Six people are presumed dead as a result of the incident.

AI Alliance Pune Live updates: OneCard CEO says new norms are like a a learning curve for fintechs

Anurag Sinha, OneCard co-founder and CEO: The intensity of regulations on banks is as much as on fintechs. The only difference is that these norms are new to fintechs and they are learning to walk the rope.

AI Alliance Pune Live updates: ElasticRun CEO credits operational cost eficiency for success, says zero marketing spend yields results

ElasticRun CEO Sandeep Deshmukh says: We have stuck to execution and working on right operational costs structures. We have spent zero dollars on marketing. That has worked for ElasticRun.

AI Alliance Pune Live updates: Sandeep Deshmukh emphasizes operational efficiency in B2B model

ElasticRun CEO Sandeep Deshmukh on running a successful B2B business model says: Right from day one, we were clear that B2B is an operations and cost game. The moment you term this model as e-commerce, you go after marketing spends, outside packaging to acquire customers. For B2B, all it matters is that when the excel sheet gets pulled out, it needs to match the business cost.

AI Alliance Pune Live updates: ElasticRun CEO Sandeep Deshmukh says no immediate fundraising plans

Sandeep Deshmukh, co-founder and CEO, ElasticRun, on funding winter says: We will not be raising money anytime soon. We were fortunate to have raised a large round before the funding winter hit. Due to the current market conditions, we made necessary changes to make sure our runway is far longer.

AI Alliance Pune Live updates: OneCard CEO Anurag Sinha ensures compliance with RBI's co-branded card directives

Anurag Sinha, co-founder and CEO, OneCard on RBI's diktat on co-branded cards says: We have always been making sure our model is compliant with the norms. Every circular and inspection we faced in one of our partner banks, made us change our model, and that how it evolved. We are working with them to make sure the rules are complied with and we will restart soon. To clarify, we work with multiple banks so our platform is still on.

AI Alliance Pune Live updates: OneCard CEO emphasizes RBI's protective approach towards customers

Anurag Sinha, co-founder and CEO, OneCard, says: RBI believes in protecting the customers and the system on equal front. Hence, their directions are more prescriptive in nature unlike directive in other markets. Credit cards being one of the fastest growing products, is also among the ones with most complaints.

AI Alliance Pune Live updates: OneCard CEO talks about Pune's advantages in fintech

Anurag Sinha, co-founder and CEO, OneCard, says:

- Pune has a large pool of engineers who work in financial services. A lot of talent is trained in banking tech. Pune stays away from limelight. In fintech staying away from limelight helps. If you are in Bangalore, everyone tracks you like crazy. Pune was the best place for us (Onecard) to come in.

AI Alliance Pune Live updates: OneCard CEO recollects early days at ICICI

Anurag Sinha, co-founder and CEO, OneCard says:

- When I was working with ICICI, it wasn’t that big back as it is now. We were the first batch of management trainees, and ICICI was shifting towards consumer banking. Mr Kamath used to tell us—we are getting in the front seat of the Indian banking revolution, so enjoy this.

AI Alliance Pune Live updates: 2-year waiting period for G Wagon, sold out in minutes, says Mercedes-Benz India MD & CEO

Mercedes-Benz India MD & CEO Santosh Iyer says:

- Today, there are cars which even have a 2-year waiting period. Like the G Wagon. This car costs Rs 4 crore, we announced bookings and within seven minutes we sold off these cars.

Kejriwal Arrest news updates LIVE: Delhi HC denies immediate relief to Kejriwal in liquor policy case

Delhi CM Arvind Kejriwal denied immediate relief by Delhi HC in liquor policy case; notice issued to ED for filing its response.

Court delays release decision pending main petition review

The court order said: “This Court remains conscious of the fact that to reach a conclusion as to whether the petitioner herein is entitled to immediate release or not, this court will necessarily have to decide the issues raised in the main petition, as those issues are the edifice of arguments of the learned Senior Counsel for the petitioner seeking immediate release of the petitioner."

“Therefore, any order passed in the application for interim release of petitioner, pending disposal of the main petition without calling for reply of the respondent, at this stage, would rather amount to deciding the main petition itself. This Court remains conscious of the fact that to reach a conclusion as to whether the petitioner herein is entitled to immediate release or not, this Court will necessarily have to decide the issues raised in the main petition, as those issues are the edifice of arguments of the learned Senior Counsel for the petitioner seeking immediate release of the petitioner.”

“The Court while hearing and deciding a case is duty bound to hear both sides fairly keeping in mind the principles of natural justice. Thus, the reply by Directorate of Enforcement is essential and crucial to decide the present case, and therefore, the contention of the learned Senior Counsel for the petitioner that no reply is required to be filed on behalf of the respondent is rejected.”

AI Alliance Pune Live updates: Santosh Iyer reveals Mercedes-Benz India's ambitious plans

Mercedes-Benz India's Santosh Iyer on new launches, says: 12 new cars, 3 EVs

- EV adoption in luxury is much higher than mass market

AI Alliance Pune Live updates: Mercedes-Benz India's Santosh Iyer emphasizes upskilling in era of software-centric cars

Santosh Iyer, MD & CEO, Mercedes-Benz India, says:

- Today car is more software. We, including me, are constantly upskilling

AI Alliance Pune Live updates: Luxury car penetration at 1% in India, but higher in Mumbai, Delhi, says Mercedes-Benz India CEO Santosh Iyer

Santosh Iyer, MD & CEO, Mercedes-Benz India, on tier 2-3 car markets says:

- Luxury car penetration in around 1% in India. But, the penetration in Mumbai and Delhi is at 2.5%

- Tier 2-3 is 0.4%. There’s desire but it’s not a necessity there.

- People think if their dads aren’t driving a Mercedes, I shouldn’t. That’s changing.

AI Alliance Pune Live updates: India crucial, every car holds Indian touch, says Mercedes' Santosh Iyer

Santosh Iyer also says India market sees surge in women buyers

Santosh Iyer, MD & CEO, Mercedes-Benz India:

- In the first 15 years, Mercedes didn’t see a big off take. I tell my colleagues India is a market which needs patience.

- We’ve invested Rs 3000 cr in India

- Every Mercedes in the world has some bit of India in it

- The star (the company logo) is the most desired symbol. We are fortunate.

- The average age of buyers is 38 now

- Women buyers used to be 6-7% now that is at 15%

AI Alliance Pune Live updates: Bhashini to collaborate with railways for multilingual system

Amitabh Nag, CEO of Digital India Bhashini, says:

- Bhashini is working with railways to make the system multilingual, including grievances. The glossary needs to be prepared. Hoshirpur can't be ‘intelligentpur’.

AI Alliance Pune Live updates: India to access latest NVIDIA B200 AI chips by January-March next year, says Yotta CEO Sunil Gupta.

AI Alliance Pune Live updates: Digital India Bhashini collaborates with startups, plans multiple hackathons

Amitabh Nag, CEO of Digital India Bhashini, says:

- This year we are going to work with startups. We are going to organise multiple hackathons, grand challenges on each of Bhashini activities.

- Bhashini's products such as video translation, speech to speech, document translation are done by startups. We are improving it on it everyday but the core application has been done by startups.

AI Alliance Pune Live updates: Digital India Bhashini set to launch Mobile Recharge kardo, FasTag Recharge kardo, Gas Bill pay kardo features

Amitabh Nag, CEO of Digital India Bhashini, says: We will be launching Mobile Recharge Kardo, FasTag charge kar do, Gas Bill pay kar do -- We are working on all of these use cases. We are training the models. We are 80 per cent on track to training the models. We were targeting March 31, but now we are targeting April 15 or April 30 to be in the market with all these use cases.

News Updates Live: Gujarat court convicts former IPS officer Sanjiv Bhatt in 1996 drug seizure case

AI Alliance Pune Live updates: PM Modi's speech translation now just 1 second delay, says Digital India Bhashini CEO

Amitabh Nag, CEO of Digital India Bhashini, says: When PM Modi used it (simultaneous language translation), we had promised about 6 seconds of delay (for the translation to occur). But now, there is just 1 second of delay.

AI Alliance Pune Live updates: Yotta CEO Sunil Gupta reveals plans for massive GPU acquisition

Sunil Gupta, CEO of Yotta, says:

- We have placed an order of 16,000 H100 GPUs from NVIDIA which together would be like the 9th or 10th largest supercomputer globally.

- We are going live with 4,000 AI chips on 15th of May.

AI Alliance Pune Live updates: Yotta CEO stresses importance of scalable infrastructure for Indian AI

- If we have to make Indian AI projects highly scalable, we need the infrastructure in India. This should be sovereign and affordable for small startups

AI Alliance Pune Live updates: Yotta CEO Sunil Gupta reflects on India's data center evolution

Sunil Gupta, CEO of Yotta says:

- India started its data centre boom around 2003 and it went on for 10 years. Suddenly hyperscalers decided that they need to put their data centres in India. After that, India has become the third or fourth largest data centre market

AI Alliance Pune Live updates: Digital India Bhashini to address multisector needs, says CEO Amitabh Nag

Amitabh Nag, CEO, Digital India Bhashini:

- The use cases will travel across sectors. In judiciary, judgement translation is one of the use cases. But when you were having cases being referred to HC and SC, the FIRs are in local languages. So those are the use cases we are working in multiple ways.

- We have almost have 50-odd specific use cases that we are working on for Bhashini

AI Alliance Pune Live updates: Digital India Bhashini diversifies with voice-based payment system, says CEO Amitabh Nag

Amitabh Nag, CEO, Digital India Bhashini says:

- We are getting into the user site use cases. We have voice based payment with NPCI. You can send money to your near and dear ones in a multilingual way.

AI Alliance Pune Live updates: Digital India Bhashini sees tremendous growth with 3.9 crore inferences

Amitabh Nag, CEO, Digital India Bhashini:

- PM Modi used the most difficult part of Bhashini -- simultaneous speech translation.

- Last month we had approximately, 3.9 crores inferences on our system. It's a huge thing. We were perhaps were about 20,000 inferences in July last year.

AI Alliance Pune Live updates: Digital India Bhashini sees tremendous growth with 3.9 crore inferences

Amitabh Nag, CEO, Digital India Bhashini:

- PM Modi used the most difficult part of Bhashini -- simultaneous speech translation.

- Last month we had approximately, 3.9 crores inferences on our system. It's a huge thing. We were perhaps were about 20,000 inferences in July last year.

AI Alliance Pune Live updates: Deep Dive: India's AI edge

Amitabh Nag, CEO of Digital India Bhashini, and Sunil Gupta, co-founder and CEO of Yotta Data Services, in a conversation moderated by Chandra R Srikanth, Deputy Executive Editor at Moneycontrol, delve into discussion on India's AI edge.

News Updates Live: Finance Ministry announces introduction of new 15-year bond

Based on market feedback and in line with global market practices, it has been decided to introduce a new dated security (bond) of 15-year tenor: Finance Ministry

News Updates Live: Centre to borrow Rs 7.5 lakh crore via bonds in Apr-Sep FY25

AI Alliance Pune Live updates: Mumbai Metro Rail Corporation MD highlights role of AI startups in urban development

AI and digital technology have enormous potential, particularly as India urbanizes at a rapid pace, leading to the emergence of various urban challenges. We possess the necessary technology, and we must utilize it to enhance the quality of our urban administration. Collaborative efforts with AI startups and major corporations can contribute to this endeavor: Mumbai Metro Rail Corporation MD Ashwini Bhide

AI Alliance Pune Live updates: Mumbai Metro Rail Corporation MD proposes data integration for urban development

In urban development, different departments often work in silos, leading to a lack of awareness about each other's activities. By integrating data from various sources and conducting thorough analyses, administrations can leverage data-driven insights to significantly enhance their performance beyond the usual standards: Mumbai Metro Rail Corporation MD Ashwini Bhide