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.
NEW DELHI: The Enforcement Directorate (ED) conducted raids at 12 locations on Monday across Maharashtra's Nandurbar and Mumbai in connection with a money laundering allegation against religious educational institute Jamia Islamia Ishaatul Uloom. Law enforcement agencies last year found that two Yemeni nationals were illegally residing at the institute premise in Akkalkuwa, leading to the probe. Agencies also found that there were irregularities at As-Salam Hospital, run by the same trust, including illegal occupancy and administrative lapses. It is alleged that the college was showing "fake or inflated patient figures" to obtain approvals and benefits. Additionally, it is alleged that tribal land in Akkalkuwa was taken under the guise of expansion. Agencies are still probing into the mater. During the probe, the local police found that the organisation has received donations from both domestic and foreign sources into the institute's bank accounts. This led to cancellation of the trust's Foreign Contribution (Regulation) Act registration by Ministry of Home Affairs on July 15, 2024 for allegedly channelising foreign funds to non-registered NGOs. The probe is based on an FIR and chargesheet filed by Akkalkuwa Police in April 2025. The ED is looking into violations under Prevention of Money Laundering Act (PMLA), a criminal law used to trace and prosecute money laundering activities, and Foreign Exchange Management Act (FEMA) which regulates foreign exchange transactions. The agency is also looking into allotment of land and money trail for the same.
New Delhi, Dec 4 (PTI) "On the face of it you are a corrupt person. Crores of rupees were recovered from your premises," the Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. "On the face of it you are a corrupt person. Crores of Rupees were recovered from your premises. Wha ...Read More >
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 >
New Delhi, Jun 5 (PTI) The Population Fund of India on Thursday welcomed the 16th Census and called for "strong safeguards" to ensure that the count is "inclusive, accurate, and equity-focused." The Population Census-2027 with caste enumeration will be carried out in 2027 with the reference date of October 1, 2026, in snow-bound areas like Ladakh and on March 1, 2027, in the rest of the country. It has been decided to conduct the census in two phases, along with the enumeration of castes, the Union Home Ministry announced on Wednesday. "The Population Foundation of India welcomes the announc ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Mumbai, Jun 6 (PTI) The Enforcement Directorate on Friday conducted searches at the premises of actor Dino Morea and some others in Maharashtra apart from some locations in Kerala as part of a money laundering investigation linked to the Mithi river desilting "scam", official sources said. The fraud is alleged to have caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC). The raids are covering more than 15 premises located in Mumbai and Kochi. This includes the premises of Morea, his brother, contractors and some others, the sources said. The investigation is being cond ...Read More >
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 >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
Imphal/New Delhi, Jan 17 (VOICE) Leaders of the Kuki-Zo Council (KZC), the apex socio-political body of the Kuki-Zo tribal communities in Manipur, held a meeting with senior officials of the Ministry of Home Affairs (MHA) in New Delhi on Friday and discussed their demands and prevailing situation in the northeastern state, KZC sources said. The four-member delegation of the KZC, led by its Chairman Henlianthang Thanglet, met the Adviser to MHA A. K. Mishra and Joint Director, MHA, Rajesh Kamble. Though the KZC leaders said that they would disclose the details of the discussion at Friday's mee ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
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 >
Bengaluru (Karnataka) [India], June 7 (ANI): Two top Karnataka State Cricket Association (KSCA) officials -- secretary A Shankar and treasurer ES Jairam -- resigned from their posts during an emergency managing committee meeting held on Saturday, accepting 'moral responsibility' for stampede near M Chinnaswamy Stadium in Bengaluru. The incident occurred during celebrations following Royal Challengers Bengaluru's (RCB) maiden IPL title win and claimed 11 lives and left dozens injured. KSCA President Raghuram Bhat confirmed the development, saying that the resignations were discussed and accep ...Read More >
Mumbai: The Enforcement Directorate (ED) has summoned Bollywood actor Dino Morea and asked him to appear next week. He has been summoned in connection with the Rs 65 crore Mithi river desilting case, ED officials said. On Friday, the Enforcement Directorate (ED) conducted raids at fifteen locations in the Mithi river desilting case, including at actor Dino Morea's home in Mumbai. The raid comes days after the actor appeared before the Mumbai Police for questioning in a corruption case. His brot ...Read More >
New Delhi, Jun 8 (PTI) A Kerala businessman, who recently levelled corruption charges against an ED officer posted in the state, has recorded his statement with the central agency where he is understood to have denied knowing or having any evidence against the said investigator, official sources said Sunday. The businessman, Aneesh Babu, deposed before the Enforcement Directorate in Delhi on June 6 and his statement was recorded under audio-visual camera by the agency as per the provisions of section 50 of the Prevention of Money Laundering Act (PMLA). Such a statement made under the anti-mo ...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 6 (PTI) The Enforcement Directorate on Friday conducted searches in Maharashtra and Kerala as part of a money laundering investigation linked to the Mithi river desilting "scam" that is alleged to have caused a Rs 65 crore loss to the BMC, official sources said. The raids are covering more than 15 premises located in Mumbai and Kochi. The investigation is being conducted under the Prevention of Money Laundering Act (PMLA), the sources said. The ED case against certain officials of the Brihanmumbai Municipal Corporation (BMC) and some others stems from a Mumbai Police economic off ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
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 >
Guwahati, May 28 (SocialNews.XYZ) Congress MP Gaurav Gogoi launched a scathing attack on Assam Chief Minister Himanta Biswa Sarma on Wednesday, citing recent Enforcement Directorate (ED) raids as "evidence of illegal coal mining operations" in the state, and also issued a clarification on his 'links' in Pakistan. Speaking to the media in Delhi for the first time after becoming the Assam unit chief of Congress, Gogoi pointed to the April 24 raids conducted across Assam and Meghalaya, where the ED reportedly unearthed a coal smuggling network, seizing Rs 1.58 crore in cash, digital devices, and ...Read More >
Hyderabad: Efforts of ACB officials to weed out corrupt officials are being affected by bureaucratic delays, in some cases influenced by the accused officials, resulting in delayed prosecution and justice. The conviction rate in the cases involving bribery and disproportionate assets, registered by the Anti-Corruption Bureau (ACB), is low because of the delayed clearances from the vigilance and enforcement for prosecution, and the department concerned. Director-general Vijay Kumar said the ACB had registered 152 cases and arrested 223 accused in 2024. Of these, 129 were trap cases involving ...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 >
Ranchi: Jharkhand Chief Minister Hemant Soren got big relief from the Jharkhand High Court, which on Wednesday exempted him from personally appearing before the MP-MLA Special Court in Ranchi in a case related to alleged disobedience of Enforcement Directorate (ED) summonses. The Bench of Justice Anil Kumar Choudhary issued a notice to the ED and directed it to file a response. The next hearing has been scheduled for December 16. Earlier, the MP-MLA Special Court had dismissed Soren's plea for exemption from personal appearance on November 25, ordering him to appear on December 4. Aggrieved ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Police Arrest Her Mother, Brother From Uttar Pradesh's Jaunp ...Read More >
Bengaluru, Jan 17 (PTI) The Karnataka High Court on Friday reserved its verdict on former Chief Minister B S Yediyurappa's petition seeking to quash a Protection of Children from Sexual Offences Act (POCSO) case against him. The BJP leader dismissed allegations that he had intentionally delayed his plea until after the complainant's death, arguing that he could not have predicted when she would pass away. Also Read | 'No Contradiction in Position': MEA After Indian Army Chief Gen Upendra Dwivedi's 'Degree' of Standoff Exists Between Indian and Chinese Remarks. The case was filed based on al ...Read More >
The Bihar government on Thursday (June 5, 2025) sanctioned compensation of ₹8.25 lakh under the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act, 1989, to the family members of the 11-year-old Dalit girl who was raped and brutally assaulted with a knife, and later succumbed to her injuries at the Patna Medical College and Hospital (PMCH) on June 1. The State also announced a monthly pension of ₹7,700 for the victim's family, in addition to the allotment of a house under the Mukhyamantri Awas Yojana. According to officials, the girl, who was transferred from Muzaffarpu ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
New Delhi, June 6 The Enforcement Directorate (ED), Delhi Zonal Office, launched a major crackdown in an ongoing ... New Delhi, June 6 The Enforcement Directorate (ED), Delhi Zonal Office, launched a major crackdown in an ongoing money laundering investigation involving Shri Sidhdata Ispat Private Limited and associated entities. The agency carried out search operations at 12 locations across Delhi, Ghaziabad, Noida, and Panipat under the provisions of the Prevention of Money Laundering Act (PMLA), said a statement of the ED. The searches were conducted in connection with a large-scale bank ...Read More >
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 >
Chennai: Tamil Nadu Chief Minister MK Stalin introduced two amendment bills in the state assembly on Friday, aimed at imposing harsher punishments for crimes against women. The first bill seeks to amend the Tamil Nadu Prohibition of Harassment of Women Act, 1998, while the second proposes changes to the applicability of the Bharatiya Nyay Sanhita and Bharatiya Nagarik Suraksha Sanhitawithin the state. Government's Commitment to Women's Welfare Presenting the bills, Stalin emphasized his government's uncompromising stance on women's safety and welfare. "Sexual assault against women is an unf ...Read More >
A shocking incident has occurred in Delhi's Bijwasan area, where Enforcement Directorate (ED) officials were attacked while investigating a cybercrime case. The ED team had arrived to probe the PPPYL Cyber App Fraud case when they were assaulted by the accused, Ashok Sharma, and his family members. During the attack, an ED Assistant Director was injured and had to be hospitalized. One of the attackers managed to flee the scene. The Delhi Police were immediately alerted and arrived at the location to begin their investigation. The police have initiated a search for the fleeing suspect. An FIR h ...Read More >