A retired accounts officer in Gonda, Uttar Pradesh, was allegedly defrauded of Rs 78 lakh by cyber fraudsters posing as CBI and IB officials. The fraudsters threatened him with 'digital arrest' and money laundering charges, coercing him into transferring funds from his bank accounts and selling property. An FIR has been registered, and police teams are investigating the case.
A three-member Special Investigation Team (SIT) has been formed in Shimla to probe two cases against former SSP Sanjeev Kumar Gandhi. The allegations include misappropriation and misuse of government funds, cheating, and using forged documents, totalling over Rs 16 lakh. Gandhi denies the charges, claiming he is being targeted.
J&K Bank MD and CEO Amitava Chatterjee defended the surcharge on UPI transactions above Rs 2,000, stating it is necessary for the system's long-term sustainability. He also discussed the shift of household savings to mutual funds, the bank's profit growth, and India's consumption-based economy.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
Police in Thane have formed six teams to apprehend former BJP MLA Narendra Pawar and dismissed police officer Shailendra Patil, who are accused of raping a 22-year-old woman at a farmhouse. The duo has been absconding since the FIR was registered, and crucial CCTV footage from the farmhouse is also missing.
Jhalawar Police have dismantled an interstate syndicate that used AI tools and digital arrest traps to extort money, leading to the suicide of a 56-year-old woman. Six individuals, including four women from Bihar, have been apprehended, and three minors detained, following an extensive investigation that traced the gang 1,500 km away.
Jhalawar Police have dismantled an interstate syndicate that used AI tools and digital arrest scams to extort money, leading to the suicide of a 56-year-old woman. Six individuals, including four women, were arrested from Bihar, and three minors were detained in connection with the case. The gang lured victims with fake old-coin trading schemes and employed psychological torture, including AI-generated threatening videos, to coerce them.
India's capital markets regulator, Sebi, has simplified the onboarding process for foreign portfolio investors (FPIs) by permitting them to submit a digitally signed Power of Attorney (PoA) to their custodians, eliminating the need for notarisation or apostillisation.
Investors should study the technology behind digital assets, including blockchain networks, wallets and transaction verification, rather than rely solely on recommendations. Understanding the technology could help them assess the risks.
The Rajya Sabha has passed The Bankers' Books Evidence Bill, 2026, which aims to replace a British-era law and allow digital and virtual records to be admissible as evidence in courts. This legislation aligns with contemporary digital banking practices and extends a uniform evidential framework to various financial entities, including NBFCs and fintech companies. Finance Minister Nirmala Sitharaman highlighted the bill's role in strengthening public confidence and safeguarding customer privacy. The bill's passage, however, saw an Opposition walkout over unrelated issues.
SAP has announced new programmes to train two million people in India with AI-ready skills by 2030, as part of its global initiative to upskill 12 million individuals worldwide. The company will collaborate with academic institutions, industry partners, and government bodies to expand access to AI, cloud, data, and enterprise technologies, leveraging India's significant role in the global tech workforce.
Digital authentication services company eMudhra has announced its decision to exit the global SSL/TLS certificate business after a vulnerability was discovered in the security keys issued by its certification authorities, leading to a 20 per cent drop in its shares.
The United States and the European Union have strongly criticised India's trade policies at the World Trade Organization review, highlighting concerns over high tariffs, quality-control orders (QCOs), and restrictions on digital trade and services, which they argue undermine India's economic openness.
Beijing published the world's first global framework for vocational standards. If India does not act swiftly, it will be compelled to certify its workers by someone else's rulebook, cautions Abhay Jere, ex-Vice Chairman, AICTE.
Following significant midterm election losses, US Vice President J D Vance is reportedly forming a new political alliance targeting disaffected Trump supporters for the 2028 presidential election, while President Donald Trump is considering whether to retain Pete Hegseth as Secretary of War amid scrutiny over the Iran conflict.
Tata Power is positioning itself as a key partner in India's rapidly expanding data centre ecosystem, with a significant opportunity pipeline across renewable energy, transmission, and distribution. The company is broadening its offerings to include comprehensive solutions like powered land and grid connectivity, actively supporting hyperscalers and AI-ready digital infrastructure, particularly in the Mumbai Metropolitan Region.
Maharashtra, powered by Tanay Sanghvi's maiden fifty and a crucial last-wicket stand with Pradeep Dadhe, secured a 64-run first-innings lead against Bengal on day two of their Ranji Trophy Group C match. Despite being reduced to 64 for six, Maharashtra's lower order showed resilience to surpass Bengal's total of 143.
'What is the need for collecting so much data unless they are going to be used for some other purpose?'
Banks in a growing economy need patient, long-term foreign capital with good governance to meet credit demand. The direction is right, points out Tamal Bandyopadhyay.
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
India spinner Saransh Jain delivered a career-best match haul of 13 wickets (7/14 and 6/49) to lead Madhya Pradesh to an innings and 174-run victory over Bihar in their Ranji Trophy Group A match. Madhya Pradesh declared their first innings at 407 for eight, with Saksham Purohit scoring 132 and captain Rajat Patidar adding 109. Bihar struggled in both innings, with Jain proving unplayable. In another match, Priyanshu Moliya scored an unbeaten 321 for Baroda.
'If you ask Prime Minister Modi prove you are Indian, as per the Election Commission's criteria, he may not be able to prove that he is an Indian.'
Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for 52,878 crore, with N S Kannan proposed as chairman.
The Supreme Court has directed the release of a 70-year-old man by suspending his sentence as it termed the nearly half century long litigation in a double-murder case from Jharkhand a "failure of judicial system."
Maharashtra Cyber has arrested Phannendra Balkrishna Pamarti, a 34-year-old Bengaluru resident, for allegedly stalking and harassing a female stand-up comedian through multiple Instagram accounts. The comedian had lodged a complaint about persistent online harassment, leading to an FIR under Bharatiya Nyaya Sanhita and IT Act sections. Investigators used cyber-forensic tools to trace and arrest the accused.
Government departments are establishing Quick Response Teams (QRTs) to promptly address and counter misleading or fake content circulating on social media. These teams will monitor digital platforms, verify information, and coordinate with fact-checking units to ensure timely and accurate responses to misinformation, with some ministries already having formed their QRTs.
Airtel Business CEO Sharat Sinha stated that evolving architecture and methodologies for safely deploying Artificial Intelligence, coupled with adequate guardrails, are essential to unlock productivity gains. He welcomed the government's upcoming consultation paper on AI regulation, focusing on safety, deepfakes, and a human-first approach. Sinha also highlighted AI's role in driving demand for digital infrastructure and Airtel's growth in cybersecurity and fraud prevention.
Prime Minister Narendra Modi celebrated 11 years of the Digital India initiative, highlighting its role in redefining governance, empowering citizens, and accelerating all-round development. He emphasised its impact on digital payments, direct benefit transfers, and expanding digital public infrastructure, making technology a powerful instrument for 'Ease of Living' across India, including tier-2 and tier-3 cities.
India is proposing the Data Empowerment and Protection Architecture (DEPA) for AI Training, a national framework designed to enable startups, researchers, and companies to train AI models using data from hospitals, banks, and public agencies while ensuring privacy and security. This initiative aims to unlock significant AI-driven value for India's GDP by 2030.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
A shuddh desi epic told through the eyes of a Hollywood blockbuster -- the first instalment of Nitesh Tiwari's 195 minutes long yarn has more action than emotion on its mind, notes Sukanya Verma.
Researchers from Goa Institute of Management (GIM) and Goa Business School conducted a study analysing over 1.31 lakh posts on social media platform X using machine learning models. They found that indirect aggression is most common during major social, financial, sporting, and political events in India. The study classified aggression into overt, covert, and non-aggressive forms, noting that overt aggression remained relatively low but peaked during events like India's T20 World Cup loss. The findings have significant implications for online moderation and communication policies.
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
'We see a lot of cases of bank deposits getting lost, especially when people die, so this will help address that because you have one consolidated view.'
Protesters associated with the Cockroach Janta Party (CJP) in Delhi, many of whom participated in a July demonstration, adapted their strategies for a recent protest on Saturday. They used digital artwork, prepared for potential police action like lathi charges, and advised newcomers on safety measures such as carrying multiple masks and goggles. The protest, called to demand the resignation of Chief Election Commissioner Gyanesh Kumar over alleged voter-list manipulation, faced heavy security deployment, barricades, and mass detentions, preventing a large-scale gathering at Jantar Mantar.
The Supreme Court has directed the Centre to explore a statutory framework to ensure social media intermediaries comply with Indian laws regarding minors, particularly concerning their inability to independently enter into contracts. The court highlighted the need for safeguards to protect children from potential harms on digital platforms, including exploitation and misuse of data, and asked the Solicitor General to examine incorporating these requirements into intermediary rules.
Himanshu 'Bhau', a notorious gangster from Haryana with 64 criminal cases, has been detained by US authorities for misrepresentation of facts. The kingpin of a global syndicate involved in murder and extortion, he operated from abroad after fleeing India in 2022. Haryana Police are coordinating with CBI for his deportation.
The National Company Law Tribunal (NCLT) approved a record 107 resolution plans in the second quarter of financial year 2026-27 (Q2FY27), its highest quarterly performance, despite ongoing challenges such as member vacancies and infrastructure constraints.
IBM India and South Asia MD Sandip Patel states that technology, especially AI, should not be "artificially paused." He advocates for vigilance and proactive governance to foster innovation while addressing potential risks. Patel also highlights IBM's India-specific initiatives like Bharat Core and a sovereign AI stack, and discusses the impact of AI on jobs and global supply chains.
Akash Ambani is leading Jio Platforms' initial public offering (IPO), set to be India's largest, with a strategy that includes appealing to regional investors and drawing parallels to his grandfather Dhirubhai Ambani's historic public listing of Reliance Industries.
