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.
Mangaluru: Mangaluru City police have arrested two persons for allegedly collecting bank accounts from the public and using them for cyber fraud. The accused have been identified as Mohammed Aneesh (30) from Kasaba Bengre, Kuloor Post, and Saleeth Ahmed M (32) from Surathkal. According to the Cyber Command Unit, a complainant Mohammed Sinan approached Mangaluru City Cyber Crime police station on Wednesday and alleged that the accused had taken his bank account under the pretext of using it for a trading business. However, the account was later used for cyber fraud. ALSO READ: Mehendi artists in Jharkhand denied entry to wedding venue, asked to remove hijabs Based on this complaint, a case was registered under section 66(C) and 66(D) of the IT Act and under section 308 (5), 318(4), 319 (2), 3 (5) of BNS. During the investigation, technical evidence was collected and analysed. According to police, the accused revealed that they purchased USDT from Indians at a lower price, and sold it at a higher price to scammers in China. The Chinese scammers allegedly transferred money obtained through cyber fraud committed against Indians into the bank accounts provided by the accused. To facilitate these transactions, the accused collected bank accounts from general public in Mangaluru. The police seized four mobile phones, 18 debit cards, 17 bank passbooks, six cheque books, USDT 1,479.31 and a car from the accused. It was also found that the accused had full knowledge of the cyber fraud. Whenever complaints were registered against the bank accounts used for cyber fraud, and the accounts were frozen, they allegedly collected new bank accounts and continued the fraudulent activities. Further interrogation revealed that the accused had collected more than 70 bank account details from people in Mangaluru city and used them for cyber fraud. Out of these, 37 bank accounts were already reported on NCRP portal, with more than 88 complaints registered across the country.
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 >
NOIDA: Two men were arrested late Wednesday for an alleged attempt to commit culpable homicide days after a viral video showed a 25-year-old man being hit by an SUV during a violent quarrel in Sector 53, Noida, on June 2, police said on Thursday. The purported video showed a black Mahindra Thar hitting the victim -- Saurabh Yadav -- from behind, flinging him into a roadside drain during a clash between two rival groups. HT, however, could not verify the authenticity of the video. Police identified the arrested suspects as Aman Awana, 29, and Akash Awana, 25, both residents of Sector 23, Noi ...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 >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
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 >
Chennai, May 19 (SocialNews.XYZ) Three men have been arrested in connection with the brutal murder of an elderly couple in Tamil Nadu's Erode district on April 28, said police on Monday. The accused also allegedly confessed to their involvement in a triple murder that occurred in Tiruppur district in November 2024, currently under investigation by the CB-CID. The arrested have been identified as P. Aachiappan (48), N. Madeswaran (52), and R. Ramesh (54), all residents of Arachalur in Erode district. The victims, Ramasamy (72) and his wife Bakkiyam (63) of Megaraiyan Thottam, Uchimedu near S ...Read More >
Jaisalmer: Rajasthan Intelligence Bureau (IB) and security agencies have escorted Rajasthan state government employee, Shakur Khan, who was arrested on charges of sharing confidential information with Pakistan's ISI agents, from Jaipur to Jaisalmer after preliminary interrogation. Now, Shakur's activities at various places are being probed and he is being constantly grilled. The focus is on Shakur's contacts, previous movements, bank transactions, departmental promotions and foreign trips. Inspector General of Police (CID Security) Vishnu Kant Gupta said a convoy of two vehicles of Rajasthan ...Read More >
New Delhi: A 29-year-old woman was found murdered in a hotel room in central Delhi's Paharganj on Sunday.Police have arrested a man who has claimed to be in a relationship with the victim and checked into the hotel with her on Saturday.According to investigators, the accused suspected the woman was in a relationship with another person, which may have led to the crime.The deceased was identified as Sarika, while the accused, 31-year-old Sachin, was a resident of north Delhi. Both worked in a cloc ...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 >
New Delhi, June 7 (SocialNews.XYZ) A man who issued a death threat to Delhi Chief Minister Rekha Gupta has been arrested by a team from the North-West District Special Staff of the Delhi Police. The accused was apprehended from Ghaziabad following swift investigative efforts after the threatening call was made late on Thursday night. According to police officials, the threat call was made to the Ghaziabad Police Control Room (PCR) while the accused was allegedly under the influence of alcohol. Shortly after the threat was received, the Delhi Police Control Room was alerted, and the matter w ...Read More >
The Supreme Court on Monday stayed further recovery of an outstanding tax demand from news portal NewsClick, directing the company's banker not to release any more money to the tax department based on a 2023 notice, and allowing the portal to use its two bank accounts for daily operations. The order was passed by a bench headed by justice BV Nagarathna on an application moved by PPK Newsclick Studio Limited, which alleged that ICICI Bank was not allowing the company to use its accounts despite a top court order to this effect passed on August 9. The tax department had raised the demand again ...Read More >
Sub-Inspector Narender Reddy alerted his staff, who traced the autorickshaw within a few hours with the help of cybercrime and forensic experts. Later, the bag along with the ten tolas of gold ornaments was handed over to Hena Parveen. Karimnagar: The Gangadhara police traced ten tolas of gold ornaments that a woman lost within a few hours and handed over the ornaments to her. According to police, a resident of Laxmidevipalli of Gangadhara mandal, Hena Parveen along with her mother came to Karimnagar town on Wednesday. After completing work, she returned to the village in an autorickshaw and ...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 >
Bengaluru News: Amid a surge in cases of digital arrest across the nation, a 68-year-old senior citizen in Bengaluru reportedly lost Rs 1.94 crore to cyber fraudsters from his fixed deposit. The victim stated that the fraudsters claimed that they were from the Mumbai crime branch and threatened him with arrest if he did not pay the amount to them. The fraudsters allegedly held the man under digital arrest for almost a week and claimed that he was involved in a money laundering case linked to Indian businessman Naresh Goyal. The scam began on November 30 when the victim received a video call o ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Trump and Musk's most "hot" alliance, the breakup is also the most "hot" and spectacular: on Thursday, the two were almost completely torn apart in a live broadcast similar to a reality show. Musk called him "ungrateful" and Trump described him as "crazy". As soon as the news came out, it immediately caused a sharp drop in the stock and crypto markets. ETHRANSACTION reminds cryptocurrency holders to convert their cryptocurrencies into investment plans as soon as possible (to av ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
Hyderabad: The RGIA police arrested one Satyanarayana for alleged involvement in an international human trafficking racket being run in the guise of a gold business, on Saturday. Satyanarayana was attempting to courier rolled gold jewellery samples to an agent in Muscat in Oman, RGIA Inspector Balaraju said. The arrest was followed by a complaint from one Lankapally Mary from West Godavari district, who lodged a complaint with the RGIA police two days back. In her complaint, Mary said that she was intending to go abroad for work when she came across Satyanarayana in August 2023. He promised ...Read More >
Pune: The Pune Cyber police on Wednesday arrested Abhishek Shukla (42), an Australia-based Indian Overseas Citizen (IOC) card holder, at Mumbai international airport for allegedly duping a 40-year-old divorcee and software firm employee from Kharadi of Rs 3.6 crore in a matrimonial fraud in 2023-24. According to the police, the two came in contact with each other after the woman, a mother of two hailing from Delhi, uploaded her profile on a matrimonial website in 2023. She lodged a complaint with the police last Nov."Our team arrested Shukla from the Mumbai international airport early Wednesda ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
New Delhi, [India], June 6 (ANI): The Dwarka District Police has deported 71 illegally staying foreign nationals, including 47 Bangladeshis, 17 Rohingyas from Myanmar, and 7 Nigerians, in May. According to DCP Dwarka Ankit Singh, 'The foreign nationals were found overstaying in India without valid visas. They were apprehended by various teams of the Dwarka District Police, including Special Staff, PS Uttam Nagar, Anti-Narcotics Cell, PS Chhawla, and AATS. The apprehended foreign nationals have been sent to a detention centre after being produced before the Foreigners Regional Registration Of ...Read More >
Chennai: Police have arrested actor Krishna after it was confirmed that he had purchased drugs through bank transactions. Earlier, actor Srikanth, accused of procuring drugs from former AIADMK executive Prasad, was arrested and sent to jail. During Pradeep's interrogation, who was also arrested in the case, it came to fore that Krishna, was also involved. Following this, Nungambakkam police summoned Krishna, who was in Kerala, to appear for questioning. Krishna appeared at the police station on Wednesday afternoon with his lawyer in the presence of Deputy Commissioner Jayachandran. Blood te ...Read More >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
The victim, who originally hails from Delhi and is currently residing in the Kharadi, had created a profile on the matrimony site seeking a prospective bridegroom. In 2023, she received a message claiming to be Dr Rohit Oberoi, an Australian citizen of Indian origin. Over time, the duo developed a close relationship. The accused visited her in Pune and other cities in India, further gaining her trust. The victim had previously received ₹5 crore as alimony after a divorce and was planning to st ...Read More >
New Delhi: The CBI said on Thursday that it detected around 8.5 lakh mule bank accounts across over 700 branches of different banks, which were being used by cyber scammers. The agency filed an FIR and conducted raids at 42 locations in Delhi, UP, and Rajasthan in connection with the use of these mule accounts in cyber frauds.Nine individuals, including three Delhi residents named Lovkesh Shakya, Savan Kumar, and Vishal, were arrested. Farman Beg and Purushottam from Uttarakhand, Shubham Kamboj and Umardeen from UP, and Yousuf and Ashok from Rajasthan are also among those who have been arreste ...Read More >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
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 >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >
New Delhi [India], June 8 (ANI): A 29-year-old woman was found dead in a hotel room's bathroom in Delhi's Paharganj area on Sunday morning. The accused, a man who had checked in with the victim, was arrested by Nabi Karim police. According to police, a PCR call was received at 9:47 AM on Sunday at Nabi Karim police station. A hotel staff member informed that the couple had stayed in one of the rooms overnight. In the morning, the man was missing, and the woman was found lying dead in the bathroom. Police reached the spot and found, during their initial inquiry, that the couple had checked in ...Read More >