Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.
Only investors with knowledge of cryptocurrencies, long-term conviction, and a long horizon should invest in this asset class.
As many as 76 per cent of respondents said they will be willing to sacrifice existing benefits for better ones.
The 18 companies sanctioned include Marshall Islands-registered Changtai Shipping and Motionavigations Limited and UAE-based Indo Gulf Ship Management.
While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.
The swindled amount is nearly half of WazirX's total assets.
Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
India carried out missile strikes on terror targets in Pakistan and Pakistan-Occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke, after the Pahalgam attack that killed 26 civilians. The Foreign Secretary said the actions were measured, non-escalatory, proportionate and responsible.
DAP does not consider past I-T returns to match a taxpayer's resources with their expenditures or investments, points out Harsh Roongta.
Security agencies in Manipur are investigating an arms smuggling racket originating from Myanmar, with potential nationwide implications. The probe follows the arrest of a senior leader from a Valley-based Insurgent Group (VBIG).
Reliance Industries (RIL), India's largest conglomerate, is set to pivot into a deeptech and advanced manufacturing enterprise, chairman and managing director (CMD) Mukesh Ambani said. "In artificial intelligence, our purpose is clear: to address complex societal challenges and create wealth for the nation and its people.
If the threat from the 'Maovadis' (Maoists) is fading, the danger now lies with the 'MoUvadis' -- those who might exploit the resource-rich Abujhmad region through corporate or State-backed projects.
'Unfortunately, India and Pakistan could learn a 'lesson' from this conflict that will make them more likely to use these weapons against each other in the future.' 'Rounds of missile and drone attacks could be more routine features of their hostility, just like artillery fire has become a familiar fact of life along the Line of Control.'
The cryptocurrency exchanges in India have got a fresh lease of life following the bull run in Bitcoin, which briefly hit a new all-time high of more than $69,000. Siddharth Sogani, managing director of CREBACO, expects the price to cross $1,00,000 by the end of the year. This will see a sharp reversal in the Indian market, which has largely been dormant since the new tax regime was implemented in 2023.
The current situation in Kerala politics is perhaps best described as a case of the state's traditional two front politics now seeing a third front (the BJP) muscling in with the potential outcome being either a messy three front affair or a renewed endorsement of the two front pattern but with one of the old fronts compromised or quashed, observes Shyam G Menon.
'Every decision India makes along the LoC, it must also consider implications along the LAC.'
The Central Bureau of Investigation has come across layered financial transactions undertaken by officials and politicians accused in the Uttar Pradesh National Rural Health Mission scam to cover tracks of illegal gratification and has involved Income Tax department and Financial Intelligence Unit to unearth the money trail.
Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
The regulatory gap between crypto firms registered with the Financial Intelligence Unit-India (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India's anti-money laundering unit.
Financial Intelligence Unit India receives, processes as well as disseminates information related to suspect financial transactions.
Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier.
The Prevention of Money Laundering Act, 2002, requires all financial institutions, banks and intermediaries like merchant bankers, FIIs and stock brokers to submit reports on suspicious transactions above Rs 1 million in Indian or foreign currency. According to FIU's annual report for 2007-8, while the agency received 2.2 million such cash transaction reports from banks, other financial intermediaries put together have submitted only 2,500 suspicious transaction reports.
In almost every hawala deal, 10 per cent of the amount goes towards terror funding, reports Vicky Nanjappa
Investigators probing the failed Times Square bombing suspect that a hawala racket was used to fund the terror plot. Hawala is the most common source of funds for terror operations and the global underground racket amounts to a whopping Rs 8000 crore. Sources in the Financial Intelligence Unit say that Indian hawala operations account for a massive Rs 2000 crore.Most hawala transactions that fund terror operations originate in Pakistan.
The government has imposed anti-money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. In a gazette notification, the Finance Ministry said the anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services. After this, Indian crypto exchanges will have to report suspicious activity to the Financial Intelligence Unit India (FIU-IND).
The senior IPS officer said that 45 percent of cyber financial frauds taking place in the country are originating from the South East Asia.
The Budget 2025-26 meets the expectations of fiscal consolidation, maintaining capital expenditure, and boosting consumption through tax cuts.
Security and intelligence agencies will soon be provided with a new platform which is technologically advanced, secure and helpful in dealing with new age criminals and anti-social elements, officials said on Wednesday.
Rajya Sabha MP Kapil Sibal has congratulated both the previous UPA government and the current dispensation for the extradition of Tahawwur Hussain Rana, the mastermind behind the 2008 Mumbai attacks. Sibal expressed confidence that the extradition will shed light on the involvement of individuals within Pakistan's establishment in the attacks. Rana is being questioned by the National Investigation Agency (NIA) to uncover the full extent of the conspiracy behind the deadly 2008 terror strikes. Sibal highlighted the efforts of the UPA government in establishing the NIA and pursuing Rana's extradition, and also acknowledged the current government's success in bringing him back to India. The interrogation is expected to focus on Rana's potential ties to the Lashkar-e-Taiba (LeT) and his role in the Mumbai attacks.
A new cyber fraud known as 'pig butchering scam' or 'investment scam' has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry.
The Janata Dal (United), an ally of the ruling Bharatiya Janata Party (BJP), has sought an extension in the tenure of the Joint Parliamentary Committee (JPC) scrutinising the bills proposing simultaneous elections. The party argued that the committee, which has only met once, requires more time for extensive consultations. Meanwhile, the Lok Janshakti Party (Ram Vilas), another BJP ally, has demanded a "special industrial package" for Bihar, highlighting the state's low per capita income compared to the national average.
Trump has made clear his intention to mediate a resolution between the two nations, emphasising the need for a swift de-escalation of violence.
In a strong retaliation to the Pahalgam massacre, India's armed forces early Wednesday destroyed nine terror sites including that of Jaish-e-Mohammad and Lashkar-e-Taiba in Pakistan and Pakistan-occupied Kashmir (PoK) using deep strike missiles in a 25-minute-long 'measured and non-escalatory' mission.
To further tighten its control of practising accountants, the Centre has brought within the ambit of the Prevention of Money Laundering Act (PMLA) their "financial transactions" such as operating and managing their client firms and trusts, and buying and selling business entities. The Union finance ministry issued a gazette notification on this on Wednesday. Under the new rule, chartered accountants, company secretaries, and cost and works accountants carrying out such transactions (on behalf of their clients) will now be required to go through the Know Your Company (KYC) process before commencing work.
In a bid to check money laundering, the government on Thursday allowed Financial Intelligence Unit
'Pakistan's only concern has been while they were on the FATF watch list was to distance their State institutions and organs from any direct connection with the actual execution of militancy inside Kashmir.'
The move is under consideration as the cash transaction reports just from commercial banks have shot up from 2.2 million to nearly 6 million for FY08. The number could go up further since data for the full financial year is still being compiled. Similarly, last year, the agency received more than 2,500 suspicious transaction reports from various entities in the financial sector, as compared with 817 in FY07.
The company paid over Rs 231 crore over three years to a web of 135 fake firms.
