Abtak Logo

Business News

India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.

21
BusinessNov 28, 2024 10:57 AM

India News | ED Team Attacked During Raid in Delhi; FIR to Be Filed | LatestLY

Get latest articles and stories on India at LatestLY. The incident occurred while ED's High-Intensity Unit (HIU) was carrying out a search operation related to an ongoing investigation targeting top chartered accountants allegedly linked to a massive cybercrime network operating across India. New Delhi [India], November 28 (ANI): An Enforcement Directorate (ED) team conducting a raid in Delhi's Bijwasan area came under an attack on Thursday. The incident occurred while ED's High-Intensity Unit (HIU) was carrying out a search operation related to an ongoing investigation targeting top chartered accountants allegedly linked to a massive cybercrime network operating across India. Also Read | Delhi Pollution: Air Quality Deteriorates to 'Very Poor' Category, AQI Stands at 304. The raids follow an investigation that uncovered the laundering of illicit funds generated from thousands of cybercrimes, including phishing scams, QR code fraud, and part-time job scams. According to initial reports, five individuals were present at the premises during the raid. "One of them reportedly fled the scene during the commotion. The situation escalated, leading to the injury of an Additional Director of the ED. While the injuries sustained by the officer and other team members are not serious, they required immediate attention," ED said. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for November 28, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. ED confirmed that the raided premises had been secured following the attack, and local law enforcement has been informed, "A First Information Report (FIR) is being filed against the individuals involved in the assault." Sharing the details of the case linked to the search operation, ED said thousands of cyber crimes like phishing scams, QR code cheating, and part-time job scams are reported across the country. "With the help of i4C and FIU-IND, thousands of reported crime instances were analyzed in totality. It was found that crime money was being layered into 15,000 mule accounts. Then debit and credit cards were obtained. Using these cards, money was remitted to top-up virtual accounts on UAE UAE-based Pyypl Payment Aggregator. Then funds were used from Pyypl to buy Crypto-currency. "The entire network was being run by shady Chartered accountants. Today, ED HIU has searched the top CAs involved in this racket. Searches are going on," added the agency. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

Comments

Similar News

26
BusinessNov 29, 2024 10:45 AM

Air India's Black Friday Offers: Up to 20% off on base fares for 96 hours; check promo codes and more

Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >

36
BusinessNov 29, 2024 01:37 PM

Air India Launched Black Friday Sale, Offering Discounts of Up to 20 Percent on Flights - News18

Air India is also offering additional discounts through various payment offers, so you can enjoy even more savings. Air India has launched its limited-time Black Friday Sale, offering up to 20 percent off base fares for domestic flights and up to 12 percent off on international flights to destinations like the United States, Europe (including the UK), Australia, Southeast Asia, and South Asia. The sale is available exclusively on Air India's official website and mobile apps for iOS and Android. The sale runs from 00:01 IST on 29 November 2024 to 23:59 IST on 2 December 2024. The travel peri ...Read More >

38
TechnologyDec 18, 2024 02:21 PM

Cyberabad Police And SCSC Launched Awareness Initiative Under Project "PROTECT"

Hyderabad, Dec 18 (Maxim News): The Cyberabad Police, in collaboration with the Society for Cyberabad Security Council (SCSC), launched a significant awareness initiative under the project P.R.O.T.E.C.T. (Preventing Risks Online Through Education, Collaboration, and Training) on December 17, 2024, at the Cyberabad CP Office Main Conference Hall. Click Here To Join Us On WhatsApp Cyberabad CP Avinash Mohanty said & quot; Cybercrime has become one of the fastest-growing challenges in our society today, and it is a privilege for all of us to gather here to discuss solutions. Every year, cyber c ...Read More >

28
PoliticsJan 17, 2025 09:50 PM

ED attaches Rs 300 Crore assets in MUDA scam 'involving' K'taka CM Siddaramaiah - Mangalorean.com

Bengaluru: In a setback to Karnataka Chief Minister Siddaramaiah, the Directorate of Enforcement (ED), Bangalore Zonal Office has provisionally attached 142 immovable properties having an approximate market value of Rs 300 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the Mysuru Urban Development Authority (MUDA) scam. Chief Minister Siddaramaiah is accused number one in the case and the investigation is also conducted against others who got the illegal allotments done through the MUDA. His wife B.M. Parvathi is the second accused. "The ...Read More >

22
BusinessDec 04, 2024 06:06 PM

CBI conducts searches in Delhi-NCR in cyber fraud case involving financial scams worth Rs 117 cr

New Delhi [India], December 4 (ANI): The Central Bureau of Investigation (CBI) on Wednesday conducted searches at 10 locations in Delhi and surrounding areas in connection with an on-going investigation of a transnational cyber enabled fraud case involving large-scale financial scams. CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, based on a written complaint received from the Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, Government of India. The complaint alleged that unknown ...Read More >

26
BusinessTechnologyDec 18, 2024 02:46 PM

Use Technology To Drive Progress, Guard Against Misuse: Jeet Adani

Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >

27
BusinessMay 28, 2025 04:09 PM

Business News | Centre Extends Interest Subvention Scheme for Farmers by Another Year | LatestLY

New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meher, Sentences Him to Life Imprisonment. Under the Scheme: Farmers received short-term loans of up t ...Read More >

25
TechnologyNov 28, 2024 10:55 AM

ED team attacked in Delhi during raids in cyber crime case

NEW DELHI: An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked here on Thursday, officials said. The agency has registered a police FIR about the incident that took place at a farmhouse that was raided by ED officials in the Bijwasan area of southwest Delhi that falls under the Kapashera police station. An Enforcement Officer (EO) suffered minor injuries during the attack. He is continuing with the searches after he was given first aid, officials said. The probe pertains to a case against the PYYPL app. The alleged accus ...Read More >

22
BusinessDec 04, 2024 04:29 PM

Cover-up in making, SEBI must take strictest action against Adani-related entities: Cong

New Delhi, Dec 4 (PTI) The Congress Wednesday said a "cover-up" is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutions a laughing stock whose reputation has already been tarnished by the actions of Prime Minist ...Read More >

30
OtherDec 11, 2024 10:37 AM

Actor Mohan Babu booked for allegedly attacking journalist

New Delhi [India], December 11 (ANI): Veteran Telugu actor Mohan Babu has been booked for allegedly assaulting a journalist at his residence in Jalpalli, Rangareddy district, on the evening of December 10, 2024. The incident occurred around 7:50 pm, when the journalist, along with other media personnel, was covering the ongoing dispute between the actor and his son, actor Manchu Manoj. According to the police FIR, a formal complaint was lodged by the reporter, at 10:55 pm on the same day, following the alleged assault. The statement was recorded by B. Dayakar Reddy, Sub-Inspector of Police a ...Read More >

36
PoliticsDec 15, 2024 12:18 PM

"Never does what he says...": Sanjay Raut on PM Modi's zero tolerance towards corruption

Mumbai (Maharashtra) [India], December 15 (ANI): Shiv Sena (UBT) MP Sanjay Raut on Sunday launched a scathing attack on Prime Minister Narendra Modi's speech in Lok Sabha, where he emphasized zero tolerance towards corruption. Raut questioned PM Modi's sincerity, pointing out the presence of allegedly corrupt leaders within the BJP, such as Ajit Pawar and Eknath Shinde. Raut's criticism also extended to PM Modi's relationship with business magnate Gautam Adani, implying that the Prime Minister's tolerance of Adani undermines his claims of zero tolerance towards corruption. "Ask your 56-inch ...Read More >

26
PoliticsDec 15, 2024 01:51 PM

'Multiple encroachments to be removed from Sambhal's Jama Masjid area': DM

Also Read | Sambhal sparks rift: INDIA bloc allies face leadership turmoil? "Multiple encroachments are being seen around the area," Sambhal DM Rajendra Pensia told ANI. Pensia said, "There was encroachment on roads, sewers, water bodies, and that too for a long time. We are undertaking an 'abhiyan' (drive) to fix it. We launched a campaign in Chandausi and we had decided we would start the campaign here in November. But we could not start." The DM stated the anti-encroachment drive will conti ...Read More >

28
BusinessDec 18, 2024 02:33 PM

India News | NIA Conducts Raids at 17 Locations Across 4 States in AK-47 Arms Recovery Case | LatestLY

New Delhi [India], December 18 (ANI): The National Investigation Agency (NIA) on Wednesday carried out searches at 17 locations across four states in connection with its ongoing investigation into a case linked to the recovery of AK-47 assault rifle and ammunition in Bihar. The raids began in the early hours of the day at locations across four states, including Bihar. NIA officials conducted search operations at the residences of suspects linked to the case, which is connected to the Fakuli Police Station in Bihar's Muzaffarpur district. Also Read | Kurla BEST Bus Accident: Driver Was Not Dr ...Read More >

34
PoliticsNov 28, 2024 08:29 PM

DGP conference begins Friday; internal security, J-K, Khalistan issue to be discussed

New Delhi: The annual all-India conference of directors general of police and inspectors general of police will begin in Bhubaneswar on Friday where issues related to internal security, Jammu and Kashmir, and pro-Khalistan elements, among others are likely to be discussed, officials said. Prime Minister Narendra Modi, Union Home Minister Amit Shah and National Security Adviser (NSA) Ajit Doval, among others will attend the three-day conference where cyber crimes, challenges posed by AI tools and threats emanating from drones are also expected to be discussed. About 250 officers of DGP and IGP ...Read More >

28
BusinessDec 04, 2024 04:10 PM

India News | ED Seizes Rs 1.36 Cr in Crypto, Rs 47 Lakh Cash in Cyber Fraud Case | LatestLY

New Delhi [India], December 4 (ANI): The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case. The case pertains to cyber fraud involving illegal proceeds of approximately Rs 640 crore, generated through betting, gambling, part-time job scams, and phishing operations. The ED also recovered various incriminating documents linked to the fraud during its crackdown. Also Read | Banking Laws (Amendment) Bill, 2024 Set To Boost Consumer Expe ...Read More >

24
PoliticsDec 11, 2024 04:29 PM

Court issues notice to BJP MP Bansuri Swaraj in a civil defamation suit filed by Satyendra Jain

New Delhi [India], December 11 (ANI): Rohini District Court on Wednesday issued a notice to BJP MP Bansuri Swaraj in a civil defamation suit filed by AAP leader Satyendra Jain. Jain has stated that Bansuri Swaraj made defamatory remarks in an interview with a television channel in October 2023. Senior Civil Judge Naina Gupta issued notice to Bansuri Swaraj and others and sought a response to the suit. The next date of hearing is 22 February 2025. Jain has prayed for direction to the TV channel to take down the content in question and restrain her from making further statements. Jain has cla ...Read More >

23
8
OtherPoliticsDec 15, 2024 01:51 PM

Bengaluru techie suicide: Where is my grandson, asks Atul Subhash's father after wife's arrest

Hours after Atul Subash's wife Nikita Singhania, her mother Nisha and brother Anurag were arrested for allegedly abetting the suicide, the Bengaluru techie's father, Pawan Kumar Modi has questioned where Atul's four-year-old son is and said the family was worried about him. Modi thanked the police for arresting the woman and her family members. However, he said, "We don't know where she has kept our grandson. Has he been killed or is he alive? We don't know anything about him. I want my grandson ...Read More >

31
BusinessNov 29, 2024 10:46 AM

Kidnapped as 7 year-old, UP man returns home after 30 years

In a miraculous turn of events, a seven-year-old boy who was kidnapped from Uttar Pradesh's Ghaziabad district more than 30 years ago has reunited with his family. IMAGE: Raju was kidnapped when he was seven-year-old from Uttar Pradesh's Ghaziabad district. Photograph: ANI Now 38, Raju shared his ordeal and said that after being abducted in September 1993, he was handed over to a truck driver who took him to Jaisalmer in Rajasthan. "The kidnappers kept me in a room located in the middle of a barren area, where I was forced to take care of sheep and goats. Each night, I was chained and locke ...Read More >

28
OtherDec 11, 2024 10:01 AM

India News | Bengaluru Techie Suicide: Experts Criticise Misuse of Dowry Laws, Say 'Laws for Women's Safety Used as Weapon' | LatestLY

Mumbai (Maharashtra) [India], December 11 (ANI): The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of ant--dowry lawy. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. Also Read | Atul Subhash Suicide Case: 4 People ...Read More >

22
PoliticsJan 14, 2025 06:37 PM

UPSC cheating case: Puja Khedkar moves SC seeking pre-arrest bail

New Delhi: Former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination, has moved the Supreme Court for anticipatory bail. A bench of Justices B V Nagarathna and Satish Chandra Sharma is scheduled to hear the plea on January 15. Khedkar has challenged the December 23 2024 Delhi High Court order which refused to grant her anticipatory bail. The high court said a strong prima facie case was made out against Khedkar and an investigation was required to unearth the "larger conspiracy" to manipulate the system ...Read More >

27
BusinessMay 21, 2025 03:04 PM

Chhattisgarh, Jharkhand liquor scams interlinked; ED, CBI likely to step in

Ranchi, May 21 (SocialNews.XYZ) The Rs 100-crore liquor scam in Jharkhand appears to be linked with a similar racket in neighbouring Chhattisgarh, with central agencies such as the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) likely to expand their probe into the matter. On Tuesday, the Anti-Corruption Bureau (ACB) of Jharkhand arrested senior IAS officer and former Excise Secretary Vinay Chaubey and Joint Excise Commissioner Gajendra Singh in connection with the Jharkhand liquor scam. Both officers have already been named as accused in the Chhattisgarh liquor s ...Read More >

34
BusinessDec 02, 2024 01:20 PM

Government warns BSNL, Jio, Airtel, Vi Users to avoid calls from THESE numbers to avoid digital scams

Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >

18
PoliticsDec 06, 2024 02:36 PM

PM Modi running away from discussion on Adani issue in Parliament: Priyanka

INDIA bloc MPs, donning black jackets with slogans like "Modi Adani Ek Hai", protested at Parliament demanding a joint probe into the Adani issue. Priyanka Gandhi Vadra accused PM Modi of evading discussion on the "Adani mega scam" while defending Adani's alleged corruption. Rahul Gandhi asserted that Modi won't investigate Adani as it would be like investigating himself.Congress leader Priyanka Gandhi Vadra Thursday said the country's people want the "Adani mega scam" to be discussed in Parliame ...Read More >

24
EntertainmentDec 11, 2024 10:36 AM

Bengaluru Techie suicide: Experts criticise misuse of dowry laws, say 'Laws for women's safety used as weapon' - IndiaPost NewsPaper

MUMBAI: The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of anti dowry law. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. "Dowry laws, being made to protect women should not be misused because if some women are ...Read More >

32
PoliticsJan 10, 2025 03:28 PM

90 acres of poppy plantation destroyed in Ukrhul: Manipur CM N Biren Singh

Imphal (Manipur) [India], January 10 (ANI): Manipur Chief Minister N Biren Singh praised the successful anti-drug operation in Ukhrul district, where combined forces destroyed 90 acres of poppy plantations, burned 12 huts, and registered FIRs for further investigation. "90 acres of poppy plantation destroyed in Ukrhul. In another successful mission under the War on Drugs campaign, combined forces of Ukhrul district police, 6 MR, 18 AR and the Forest Department destroyed 90 acres of poppy plantation and burned down 12 huts in the Phalee hill range under Lungchong Maiphei (LM) Police Station in ...Read More >

19
PoliticsJan 22, 2025 08:56 PM

India News | SC Notice to MP Govt on Plea for CBI Probe into Death of Three Dalit Family Members | LatestLY

New Delhi [India], January 22 (ANI): The Supreme Court on Wednesday issued notice to the Madhya Pradesh government on a plea seeking a CBI/SIT investigation into the murder of a 20-year-old Dalit woman along with her two family members in Madhya Pradesh's Sagar. A bench of Justices JK Maheshwari and Aravind Kumar sought a response from the Madhya Pradesh government and CBI on the plea also seeking immediate and effective police protection for the members of the family of the deceased. Also Read | Suicide Pact Tragedy: Pregnant Teenage Girl Jumps off 3rd Floor of Building in Surat, Lover Who ...Read More >

16
BusinessDec 11, 2024 10:41 AM

Myntra Refund Scam: How Fraudsters Dupe Myntra of INR 1.1 Crore by Exploiting Loophole in Refund Option | 📲 LatestLY

Bengaluru, December 11: Flipkart-subsidiary Myntra was recently cheated by fraudsters who allegedly stole over one crores rupees this year during March and June. The scammers attacked the e-commerce company by exploiting some loopholes related to the Myntra policy and looted the money. The firm reported a loss of INR 1.1 crore in Bengaluru and INR 50 crore nationwide as the scammers abused the complaints and refund options. According to the reports, the crooks who ran the Myntra refund scam were traced back to Jaipur, Rajasthan. Most of them ordered expensive products online, such as branded ...Read More >

14
PoliticsBusinessDec 10, 2024 04:54 PM

AgustaWestland case: Christian Michel's lawyer argues trial delay, ED calls him flight risk in bail hearing

New Delhi [India], December 10 (ANI): The Directorate of Enforcement (ED) on Tuesday opposed the bail petition of Christian Michel James, a British national and alleged middleman, before the Delhi High Court. James is an accused in the money laundering case linked with the alleged Rs 3,600-crore Agusta Westland helicopter scam. The defence lawyer argued that the trial was unlikely to commence soon and that, even if James were convicted, he would face a maximum sentence of seven years, having already served six years in custody. However, the ED's counsel countered, stating that James posed a ...Read More >

26
EntertainmentDec 11, 2024 10:36 AM

Actor Mohan Babu booked for allegedly attacking journalist - IndiaPost NewsPaper

NEW DELHI: Veteran Telugu actor Mohan Babu has been booked for allegedly assaulting a journalist at his residence in Jalpalli, Rangareddy district, on the evening of December 10, 2024. The incident occurred around 7:50 pm, when the journalist, along with other media personnel, was covering the ongoing dispute between the actor and his son, actor Manchu Manoj. According to the police FIR, a formal complaint was lodged by the reporter, at 10:55 pm on the same day, following the alleged assault. The statement was recorded by B. Dayakar Reddy, Sub-Inspector of Police at the Pahadishareef Police ...Read More >

28
BusinessDec 18, 2024 02:46 PM

2.75 lakh phone numbers disconnected, Rs 4000 cr cyber fraud prevented: Jyotiraditya Scindia

Union Minister Jyotiraditya Scindia announced government measures against cyber and telecom fraud. A new system prevented ₹4,000 crore in fraud and saved ₹10 lakh in public funds. An app disconnected 2.75 lakh fraudulent phone numbers, and caller ID software blocked 25-30 crore calls in two months. Scindia acknowledged the ongoing challenge of misuse alongside technological advancements.Union Minister Jyotiraditya Scindia on Tuesday highlighted various measures taken by the government to addr ...Read More >