Quadric IT Wins National Acclaim for AI Policing Solution
Mentored by Raghuram Thatavarthy and ERP+AI expert Kesari Sai Krishna Sabniveesu, the solution impressed for its real-world utility. Chosen from 57 national teams, Quadric's success highlights the power of Gen AI in governance. The Andhra Police plan to deploy Blue Query, reaffirming Quadric IT's growing leadership in GovTech and intelligent enterprise transformation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
19 minutes ago
- India Today
ED questions Telugu film producer Allu Aravind for 3 hours in bank fraud case
Telugu film producer Allu Aravind was questioned for over three hours by the Enforcement Directorate (ED) in Hyderabad in connection with a Rs 101.4 crore bank fraud and money laundering case linked to Ramakrishna Electronics and Ramakrishna Teletronics (RTPL).The ED's Hyderabad zonal office conducted searches across Hyderabad, Kurnool, and Ghaziabad as part of its probe into the alleged diversion and misappropriation of loan funds. The investigation was triggered by a complaint from Union Bank of India (formerly Andhra Bank), which accused the group of defrauding the bank by diverting sanctioned loans for criminal case is based on an FIR registered by the Central Bureau of Investigation (CBI) in Bengaluru against Ramakrishna Electronics, RTPL, and their directors/partners, V Raghavendra, V Ravi Kumar, and others. The group, which was in the business of trading and marketing mobile phones, allegedly availed an open cash credit (OCC) facility and diverted funds through a web of inter-group transactions and payments to promoters and their family the searches, the ED seized documents related to properties suspected to have been bought with the proceeds of crime, froze about Rs 1.45 crore in bank accounts of the accused and their companies, and recovered digital devices and records of foreign to the agency, brothers V Raghavendra and V Ravi Kumar were the key figures in the group, allegedly orchestrating the misuse of funds in connivance with investigation is ongoing.- Ends
&w=3840&q=100)
Business Standard
19 minutes ago
- Business Standard
CCI directs UltraTech/India Cements, Dalmia to furnish financial records
Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers, and their executives to submit financial documents, after its Director General in its investigations found contravention of competition norms. The Competition Commission of India (CCI) has also directed Dalmia Bharat Cements and Shree Digvijay Cements to submit their audited financial statement, including balance sheet and profit and loss account, within eight weeks of the order. It has directed UltraTech to submit the financial statements of its subsidiary India Cements for five years from FY15 to FY19, while Dalmia Bharat Cements and Shree Digvijay Cements for nine years, from FY11 to FY19. Besides, CCI has also directed their executives to submit detailed financials and income tax records for five years, along with formal responses to the investigation report. An email sent to UltraTech Cements and Dalmia Cement Bharat remained unanswered till the time of filing the story. The CCI direction came over a complaint filed by ONGC alleging cartelisation in its tenders. Following this, the fair trade regulator had on November 18, 2020, directed its probe unit Director General to look into the issue. The DG had submitted its investigations report on February 18, 2025, in which found contraventions of the competition regulations. It had found that Ultratech's subsidiary India Cements, along with Shree Digvijay Cement and Dalmia Cement, with a middleman named Umakant Agarwal, engaged in anti-competitive collusion. Later, CCI on May 26, 2025, considered the investigation report and in a four-page order also directed the cement manufacturer to submit income derived from sales to alleged contraventions by the PSU. The CCI notice also mentioned if there is non-furnishing of the financial details or incomplete/false information, within the time frame by the companies, then they would be liable under section 45 of the Act. Earlier, in December 2024, UltraTech Cements had acquired 32.72 per cent stake from promoters and promoter group entities of India Cements Ltd. The Aditya Birla Group firm, which already had acquired a 22.77 per cent stake from the market, became the promoter of the Tamil Nadu-based company.
&w=3840&q=100)
Business Standard
19 minutes ago
- Business Standard
Delhi HC says early bail hampers PMLA probe, denies relief to businessman
The Delhi High Court has denied anticipatory bail to a Hong Kong-based Indian businessman in a PMLA case and said giving the reprieve prematurely impedes investigation and undermines the objective of anti-money laundering law. Justice Ravinder Dudeja denied the relief to Amrit Pal Singh in a Prevention of Money Laundering Act (PMLA) case. Singh was the director of Broway Group Ltd, which was the alleged beneficiary of "fraudulent" foreign outward remittances amounting to USD 2,880,210 (approximately Rs 20.75 crore), originating from Indian shell entities. These transactions were made under the guise of import goods, without any actual corresponding business activity, the ED alleged. "Custodial interrogation may be warranted to ascertain the applicant's role in facilitating or benefiting from the alleged money laundering operation. Premature grant of bail would impede investigation and compromise the statutory objectives of the PMLA," the order read. The court on July 1 further noted that Singh's conduct, marked by sustained non-cooperation despite issuance of repeated notices, weighed heavily against the grant of pre-arrest protection. "His non-appearance in response to summons and evasion of investigation reflect a lack of bona fides and do not inspire confidence in his willingness to cooperate with the authorities... Notably, there is no denial on the applicant's part regarding the receipt of summons, yet he consistently failed to appear and evaded the process of law on untenable pretexts," the judge added. Criminal proceedings against the accused's company, the court said, were still at an initial stage.
