Nadda Visits NIPER Mohali, Reviews Biopharma Research and Innovation (See 'Corp Brief') BIS publishes six New Standards for Priority Assistive Products (See 'Corp Brief') Atmanirbhar Panchayat Program to focus on strengthening financial self-reliance of Panchayats (See 'Corp Brief') Bharat Khera Assumes Charge as Secretary, Ministry of MSME (See 'Corp Brief') Pilibhit in UP to get India's first integrated Basmati, organic training-cum-demo farm (See 'Corp Brief') FTA integrates Ayurveda and yoga into modern trade frameworks (See 'Corp Brief') India Grounds $6.1 Billion Investments in FY26, Expects 31,000 Jobs (See 'Corp Brief') Companies Act - Continuation of Look Out Circular invalid where no FIR is registered against person, all prior travel permissions are complied with & no material exists to show likelihood of him absconding: HC (See 'Legal Desk') Op Sindoor demonstrates transition from diplomatic statements to concrete action on terror (See 'Corp Brief') NARCL contributes to improving recovery outcomes & unlocking value for lenders (See 'Corp Brief') IPR - Issues relating to validity of trademark registrations, alleged misrepresentation, and authenticity of documents would be examined at trial, if no party is able to establish substantial goodwill in their respective marks: HC (See 'Legal Desk') DRDO & Indian Navy conduct maiden successful Salvo launch of NASM-SR missiles (See 'Corp Brief') Sacred relics of Lord Buddha arrive in Leh, witnesses spiritual gathering (See 'Corp Brief') PMLA - Separate properties of another company or LLP cannot be attached merely because of shareholding linkage, absent demonstrated money trail to such properties: SAFEMA (See 'Legal Desk') Electrification of buses & trucks is essential for achieving India's decarbonisation targets (See 'Corp Brief') Health-Seeking Behaviour Strengthens as Proportion of Population Reported Ailing in 2025 Nearly Doubles (See 'Corp Brief') IBC - Minimum default threshold u/s 4 is met in case involving operational debt denominated in foreign currency, if foreign currency amount is converted into Indian Rupees with reference to exchange rate prevailing on date of invoice: NCLT (See 'Legal Desk') Railway Minister to Flag Off Extended Srinagar-Jammu Vande Bharat (See 'Corp Brief') Competition Act - Tender conditions & eligibility criteria are primarily within procurer's domain and, absent evidence that such clauses restricts competition or cause exclusionary harm, no intervention is warranted: CCI (See 'Legal Desk') Secretary, DFS Lauds MUDRA Schemes of Financial Inclusion with Public Sector Banks (See 'Corp Brief') Trade Mark - Defendants' conduct of running a coordinated fraudulent recruitment scheme, impersonating the plaintiffs & extracting money from each candidate, is deliberate exploitation of plaintiffs' goodwill & causes reputational harm: HC (See 'Legal Desk') CCI approves Mizuho Securities to acquire certain equity of Avendus Capital (See 'Corp Brief') SAFEMA - Certain transaction falls within ambit of benami transaction where appellants failed to produce supporting material, despite opportunity, to establish legitimate source of funds either in hands of lender or alleged contributors: SAFEMA TRIBUNAL (See 'Legal Desk') CCI approves merger of A1 Agri Global, B.N. Agritech & Salasar Balaji Overseas (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') CCI approves acquisition by MAIF in Maple IM, Maple PM & Maple Trust (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') World IP day - Govt announces 3-year fee waiver for sports-related IP registrations (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT)

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AI for Citizen Safety: Join IndiaAI CyberGuard AI Hackathon

Published: Oct 28, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 28, 2024: THE IndiaAI Independent Business Division (IBD) has launched the IndiaAI CyberGuard AI Hackathon. This hackathon is part of the Applications Development Initiative within the IndiaAI Mission, which seeks to advance the development, deployment, and adoption of AI applications in critical sectors. It is aimed at promoting the scaling and adoption of impactful AI solutions to enable large-scale socio-economic transformation. The deadline for application submission is 07th November 2024.

IndiaAI CyberGuard AI Hackathon

To further these ambitions, IndiaAI and Indian Cyber Crime Coordination Centre ( I4C) has announced the IndiaAI CyberGuard AI Hackathon . This strategic initiative seeks to utilize advanced technologies, particularly AI, to enhance cybersecurity and address the escalating threat of cyber fraud and crimes. With approximately 6,000 cases reported daily through the NCRP, this hackathon aims to develop robust AI-driven solutions capable of managing and mitigating these threats.

Exciting prizes for Hackathon

The Hackathon invites participation from Indian innovators, startups, non-profits, students, academic/R&D organizations, and companies. The prize money for the hackathon is as follows.

- First Prize: INR 25 Lakhs and opportunity to develop a solution for national rollout

- Second Prize : INR 7 lakhs

- Third Prize : INR 3 lakhs

- Special Prize of INR 5 lakhs for All-Women Teams (in addition to the top three prizes)

This initiative aligns with the Government of India's vision of leveraging AI for inclusive growth and responsible development of AI. For more details and to apply, visit https://indiaai.gov.in/article/ai-for-citizen-safety-join-the-indiaai-cyberguard-ai-hackathon

Leveraging AI for cybersecurity

IndiaAI is partnering with the Indian Cyber Crime Coordination Centre (I4C), established by the Ministry of Home Affairs. This collaboration aims to leverage AI to drive efficiencies in the prevention, detection, investigation, and prosecution of cybercrime, thereby enhancing citizen welfare. The I4C manages the National Cybercrime Report Portal (NCRP), providing a comprehensive framework for Law Enforcement Agencies (LEAs) to tackle cybercrime effectively.

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