Mahindra Logistics sets up its largest warehouse
Chennai: Mahindra Logistics Ltd, aService provider in supply chain management, has set up a ‘Built-to Suit’ warehousing capacity in neighbouring Kancheepuram district, the company said on Tuesday.
The 3.50 lakh square foot warehousing capacity would allow Mahindra Logistics Ltd to provide ‘flexible and scalable’ fulfillment and integrated distribution solutions.”We are happy to unveil this Built-to-Suit facility, our largest in Tamil Nadu. This space will cater to two of our key clients in e-commerce and auto-engineering industries”, Mahindra Logistics Ltd MD, Rampraveen Swaminathan said in a company statement. The facility situated in Kancheepuram district is focused on integrated solutions to an e-commerce player and a German auto-component supplier.
Sebi directs BSE to review IPF corpus annually
New Delhi:To enhance the effectiveness of investor protection fund (IPF), Sebi has directed BSE to conduct annual review to ascertain the adequacy of the IPF corpus and disclose the corpus as well as policy on processing of investors’ claim on its website. The exchange received a letter on November 13, 2020 from Sebi whereby the regulator has informed that in order to increase the effectiveness of IPF of bourses, it has comprehensively reviewed the existing framework in consultation with the stock exchanges, BSE said in a statement on Tuesday. Based on the review, the regulator has decided to revamp the grievance redressal mechanism at exchanges with respect to clients of defaulting trading members.
Niti Aayog proposes setting up oversight body for AI
New Delhi: Government think-tank Niti Aayog has proposed setting up an oversight body which will play an enabling role regarding technical, legal, policy and societal aspects of artificial intelligence (AI). In its draft ‘Working Document: Enforcement Mechanisms for Responsible #AIforAll’, Niti Aayog said the oversight body must have industry representatives as well as experts from legal, humanities and social science fields. “A flexible risk-based approach must be adopted. In this regard, the National Strategy for Artificial Intelligence proposes an Oversight Body.