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.
A primary school teacher was arrested by the Malda cyber crime police on Saturday in connection with a large-scale online fraud involving the state government's 'Taruner Swapno' scheme. Advertisement https://images.indianexpress.com/2020/08/1x1.png Police said that the arrested accused, Manojit Burman, a resident of Dinhata and a teacher at a primary school in Sitai block, is suspected of being involved in a cybercrime ring that siphoned off funds meant for students to purchase tablets. This takes the total number of arrests in the case to 14. Police sources claimed that Burman had multiple bank accounts in his name, his wife's name and another relative's name, which were allegedly used to channel the illicit funds. Advertisement The arrest of Burman came after interrogating other persons already detained in connection with the fraud. Police suspect that the fraud was orchestrated by inter-state gangs operating from states such as Maharashtra, Rajasthan and Jharkhand. The 'Taruner Swapno' scheme, which provides Rs 10,000 to Class 10 and 12 students, has been targeted by cybercriminals who have allegedly managed to divert funds to other accounts. Till date, the West Bengal Police have registered 120 cases related to this issue. To expedite the investigation, a joint investigation monitoring team comprising senior police officers has been formed. Additional Director-General of Police (South Bengal), Supratim Sarkar, said that 1,911 of 16 lakh beneficiaries of the scheme were affected by the cyber fraud.
Berhampur (Odisha), Jun 6 (PTI) Environmental activist Medha Patkar on Saturday appealed to the people of Odisha for protection of Rushikulya river. The government planned to construct a dam in the river Pipalapnaka under Sorada block in the district. While participating in the Save Rushikulya river movement in Ganjam district, she said, "Rivers may be small or big, but they are our mother. We have to protect the rivers from attacks." She attended a meeting were organised by the Rushikulya Banchao Kriyaanusthan Committee (RBKC) and the Centre for Climate Justice, spearheading the agitation a ...Read More >
Chennai: Hours before Union home minister Amit Shah was to arrive in Madurai, Thuglak editor and an associate of Shah, S Gurumurthy on Saturday met PMK founder S Ramadoss. The PMK leader, however, ruled out the possibility of meeting Amit Shah during his two-day visit to Tamil Nadu.Gurumurthy met Ramadoss for the second time amid reported tension within PMK regarding alliance strategies and insistence by Anbumani Ramadoss to remain party president. The hour-long meeting took place at the T Nagar residence of A K Vijay Mahesh, son of former Union minister and PMK leader A K Moorthy, sources sai ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) conducted nationwide searches at 42 locations in connection with alleged Mule Bank Accounts being used in cyber frauds, and arrested nine accused persons, the probe agency said on Thursday. According to CBI statement, acting on a specific tip off, the sleuths launched coordinated searches at 42 locations across five states - Rajasthan, Delhi, Haryana, Uttarakhand, and Uttar Pradesh, as part of Operation Chakra-V to deal with the menace of mule bank accounts being opened by allegedly organised cyber fraudsters involved in digital arrest scam ...Read More >
Hyderabad: A 57-year-old retired employee from Malkajgiri was duped of Rs 28.57 lakh in an elaborate online scam involving fake YouTube tasks and a fraudulent trading platform. The Rachakonda cyber crime police have registered a case and begun an investigation. The victim, a resident of PVN Colony, said the fraud began on June 23 when he was added to a WhatsApp group. He was then directed to a Telegram group, where a handler identified as Ritu Maheshwari instructed him to subscribe to YouTube channels and submit screenshots in return for Rs 100 per task. After receiving a few initial payment ...Read More >
New Delhi: The CBI will start questioning bank officials under scanner for allegedly facilitating the operations of 8.5 lakh mule accounts in a "pan India conspiracy" with cyber crime syndicates to launder crime proceeds, agency officials said. One crucial laxity detected by the CBI during its two-month-long inquiry was the systemic failure to generate Suspicious Transaction Reports (STR) despite countless mule accounts exhibiting transactions that rapidly exceeded prescribed monetary thresholds,? a clear indicator of suspicious activity, they said. ...Read More >
Bengaluru: A massive investment scam using a fake app named Trump Hotel Rental has duped over 800 investors across Karnataka, with more than 200 filing complaints after collectively losing nearly Rs 2 crore. The app, which used AI-generated videos and images of former US President Donald Trump to appear legitimate, has now been taken down. Authorities say the fraud operated for at least 5-6 months before being exposed. AI-Backed Scam Promised Sky-High Returns According to cybercrime officials, the now-defunct app lured users with fake promises of remote job opportunities and lucrative inves ...Read More >
Chandigarh: Haryana chief minister Nayab Singh Saini on Tuesday said the state govt was consistently working to provide better resources to the doctors and quality healthcare services to the citizens.He mentioned that medical colleges were being established in every district.While there were only six medical colleges in 2014, the number has now increased to 15, and nine new colleges are under construction. As a result, MBBS seats in the state increased from 700 in 2014 to 2,185, at present. The state govt aims to increase the MBBS seats to over 3,400 by 2029, said Saini.The CM was addressing a ...Read More >
Mumbai: In a shocking revelation, over 1.07 crore investors across Maharashtra have been defrauded of a staggering ₹ 3.18 lakh crore through various phony schemes in the last 10 years. Details The alarming figures were disclosed by Chief Minister Devendra Fadnavis in a written reply to the state legislative council on Wednesday. They expose the widespread reach of cybercrime and financial fraud in the state. According to the data, Mumbai alone accounted for ₹2.95 lakh crore of the total loss, affecting 2.71 lakh investors. The rest of the state saw 1.05 crore individuals being duped of ₹ 22, ...Read More >
Kedia Advisory - India's coffee exports jumped 19% year-on-year in Q1FY25 to $616 million, even as export volumes dropped 18% to 1.03 lakh tonnes due to higher global prices. The unit value per tonne surged 49% to ₹5.07 lakh. Supply disruptions in Brazil and Vietnam have kept prices buoyant, prompting overseas buyers to opt for need-based purchases. For the first six months of 2025, shipments rose 26% in value to $1,166 million despite lower volumes. Italy remained India's top coffee buyer, followed by Germany and Belgium. India is the world's seventh largest coffee producer but the fifth larg ...Read More >
Lucknow, Jul 14 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state's health services must be made future-ready to keep pace with global advancements and effectively respond to emerging challenges. He was speaking at the foundation stone laying and inauguration ceremony of various health projects worth Rs 1,000 crore at King George's Medical University (KGMU) here. Deputy Chief Minister Brajesh Pathak, who also holds the Health portfolio, and Medical Education Minister Mayankeshwar Sharan Singh were present on the occasion. The chief minister said institutions like K ...Read More >
Hyderabad: The Hyderabad Cyber Crime Police have apprehended a 29-year-old man from East Godavari, Andhra Pradesh found actively involved in a high-profile movie piracy racket. In a span of one and half year, he has recorded and leaked about 40 movies in various theaters across Hyderabad. Police arrested Jana Kiran Kumar, works as an AC Technician and residing at NGOs Colony, Vanasthalipuram, Ranga Reddy District and native of Andhra Pradesh. According to police, on June 5, police received a complaint from Yarra Manindra Babu, representing the Anti-Video Piracy Cell of the Telugu Film Chambe ...Read More >
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 >
Mumbai, Jun 28 (PTI) A 70-year-old doctor was cheated by cyber criminals of Rs 3 crore and kept under "digital arrest" for eight days after being accused of involvement in a non-existent money laundering scam, a Mumbai police official said on Saturday. In the month of May, the victim got a call from a person identifying himself as telecom department staffer Amit Kumar, who told her a SIM card had been bought with her personal details for use in criminal activities. "She then got a call from another person who identified himself as Crime Branch officer Samadhan Pawar. He told the victim that ...Read More >
Mumbai : Filmmaker Subhash Ghai recently took a trip down memory lane as he remembered the late actor Irrfan Khan. Ghai shared an old photo from an award ceremony with the actor, along with an emotional note that quickly caught the attention of fans online. In the photo, Ghai and Irrfan can be seen smiling. Ghai, who worked with Irrfan in the film 'Right Yaa Wrong,' took to his Instagram account to share a post praising him not just as an actor but as someone who deeply understood the art of storytelling. He wrote, "I have always been more in admiration of good and great actors than just co ...Read More >
Srinagar, Jan 31: Online gambling has become a growing menace in Kashmir, driving several families into severe financial distress and emotional turmoil. The easy accessibility of online betting platforms has lured many, particularly youth, with the illusion of quick financial gains. However, this often results in heavy monetary losses, debt and psychological suffering. According to details obtained by the news agency -- Kashmir News Observer (KNO), a youth from south Kashmir initially won Rs 10,000 in online betting within a few days. Encouraged by this, he borrowed lakhs of rupees from neigh ...Read More >
Agartala, Jun 28 (PTI) Tripura Chief Minister Manik Saha on Saturday exhorted various agencies to enhance security and surveillance in the state, given the current situation in Bangladesh. Tripura is surrounded by Bangladesh on three sides. Therefore, strengthening of security is needed, the chief minister said after inaugurating the state's first cyber police station here. "We all know the present situation in Bangladesh. There is a need to enhance security arrangements. The northeastern state has been made into a corridor for the smuggling of drugs and narcotic items. Infiltration from acr ...Read More >
New Delhi, Jul 1 (PTI) Union telecom minister Jyotiraditya Scindia unleashed a string of data, ranging from BSNL's consecutive profit after 18 years to connecting over 2 lakh gram panchayats with broadband, on social media platform X to counter claims of Congress President Mallikarjun Kharge on the Digital India programme. Scindia suggested to Kharge to go check on the web for telecom scams in India which will show activities related to the UPA regime while the present regime is recognised with leadership in technology. Also Read | India Developing Its Own Bunker-Buster Missile? Reports Say ...Read More >
A caller claiming to be from the CBI allegedly threatened the BESCOM employee that an arrest warrant had been issued against him and demanded money. A 48-year-old Bengaluru Electricity Supply Company (BESCOM) employee died by suicide Tuesday after allegedly losing Rs 11 lakh to a digital arrest scam on the outskirts of Bengaluru. Kumara K, a resident of HSR Layout in Bengaluru and a native of Kelagere village in Ramanagara district, was married and had an eight-year-old son. He was found dead a ...Read More >
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 >
Hyderabad, July 5 (Maxim News): In yet another case of online trading fraud, the Hyderabad Cybercrime Police have arrested two individuals for allegedly duping a 52-year-old woman of ₹3.79 lakh under the guise of offering high returns through a fake online trading platform. The arrested accused have been identified as L. Anand Reddy and E. Laxma Reddy, who along with their associates, posted deceptive advertisements on popular online platforms promoting an online trading business promising massive profits. According to officials, the victim came across the ad and was subsequently added to a ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
Just four days after an assistant sub-inspector (ASI) from the Cybercrime police station, Mansa Devi Complex, was arrested in a ₹1.15 lakh bribe case, the state vigilance and anti-corruption bureau (ACB), Panchkula, has apprehended a constable from the same police station for his involvement in the crime. The arrested individual has been identified as Pradeep Kumar. The ACB stated that constable Pradeep Kumar's arrest was made after sufficient evidence implicating him was uncovered during the ongoing investigation. Authorities revealed that their probe indicated Pradeep Kumar conspired with A ...Read More >
The accused, Pratim Bora, is a former partner of Phukan. He allegedly uploaded the objectionable content to defame and harass the woman, a police officer said. Bora, a resident of Tinsukia, was operating the fake profile for several weeks. He was arrested from his hometown following a complaint lodged by Phukan's brother, the officer said. Phukan, popularly known as Babydoll Archi, said that her morphed pictures with US adult film star Kendra Lust were shared from the fake account. The Assam-ba ...Read More >
Babydoll Archi's sudden spike in fame has now led to a new twist -- questions about whether she's even real.Source : Instagram/ishtaraamira Archita Phukan, popularly known as Babydoll Archi, has taken over Instagram and social media timelines with her eye-catching reels and glamorous pictures. Known for her bold fashion choices and confident online presence, she has racked up over 750K followers on Instagram. However, her sudden spike in fame has now led to a new twist -- questions about whether ...Read More >
The Central Bureau of Investigation has uncovered a massive cyber fraud operation. It involves 8.5 lakh mule accounts across India. These accounts are used to launder money from digital scams. The CBI conducted raids and arrested nine suspects. These include middlemen and bank officials. The investigation revealed lapses in KYC norms.The CBI has detected 8.50 lakh mule bank accounts in over 700 branches nationwide which are being used by cyber criminals to launder proceeds from scams involving di ...Read More >
Agartala, June 29: Amid rising concern over the situation in neighbouring Bangladesh, Tripura Chief Minister Dr Manik Saha today called upon security agencies to strengthen surveillance and enhance border security across the State. Tripura shares an 856-km border with Bangladesh on three sides. Speaking after inaugurating the State's first Cyber Police Station at AD Nagar here, the Chief Minister expressed apprehension over cross-border infiltration and the growing use of Tripura as a corridor for drug smuggling. "There is need to enhance security arrangements. The State is increasingly bein ...Read More >
The Delhi government's anti-corruption branch (ACB) has arrested a suspended executive engineer and a private contractor for defrauding the Irrigation and Flood Control (I&FC) Department of Rs 4.6 crore fraud, an official said on Monday. The two accused allegedly facilitated fraudulent payments worth over Rs 4.6 crore for civil works that were never executed. The irregularities relate to drainage and road projects in a north Delhi village, Siraspur, which were found to exist only on paper. "Th ...Read More >
Ujjain (Madhya Pradesh): Marking the Cooperatives Year, a two-day national seminar will be inaugurated on Friday at the Swarn Jayanti Auditorium of Vikram University. Farmers from five major states: Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Goa are set to participate in the seminar, 'Dairy Development in Madhya Pradesh: Possibilities and Challenges', under the joint aegis of the Indian Dairy Association (DA) West Zone, and Vikram University (VU). Researchers, students, milk producers from across the country, where over two lakh cooperative societies function, along with experts ...Read More >
TIRUCHY: A temple festival in Thanjavur's Chellappanpettai ended in tragedy as three primary school boys drowned in the temple tank. Their bodies were found on Saturday. Villagers in and around Chellappanpettai converged for the Mandalabhishekam festival of Sundaramurthy Ayyanar Temple. S Balamurugan (10), K Madhavan (10), from Udayanpatti, who were studying class 5 at Government Primary School, and S Jaswant (8), a class 3 student from the same school, also participated in the festivities with their parents. As residents started returning after the festival around 10 pm on Friday, the paren ...Read More >