The Enforcement Directorate (ED) has earmarked assets worth about Rs 15,000 crore that will be restored to victims of real estate, Ponzi and other frauds across India during the current financial year. The agency has been "aggressively" initiating this provision for restitution since last year to ensure rightful claimants duped by financial crime get their dues. The ED has already restored Rs 31,951 crore worth of assets under this provision, including Rs 15,201.65 crore from 2019-21 in cases related to Vijay Mallya, Nirav Modi and the National Spot Exchange Limited (NSEL). The ED Director has issued directions to all regions to actively work on cases marked for restitution of assets worth Rs 15,000 crore during the financial year 2025-26.
Mumbai 'Chai Wala' known as 'Chhotu' aka Mohammed Taufiq, whose alertness saved lives during the 26/11 Mumbai terror attacks stated that there is no need for India to provide Tahawwur Rana with cell and Biryani and facilities which were provided to Ajmal Kasab, one of the terrorists involved in Mumbai attacks.
The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.
Tahawwur Hussain Rana, a Pakistan-born Canadian national and close associate of David Coleman Headley, is set to be extradited to India from the US. Rana was involved in the planning and execution of the 2008 Mumbai terror attacks, which killed 166 people, including six Americans. He assisted Headley in obtaining a visa for India, established a front company in Mumbai, and helped in reconnaissance of targets in Mumbai and New Delhi. Rana was convicted in the US for providing material support to Lashkar-e-Taiba (LeT) and sentenced to 14 years in prison. His extradition to India will allow authorities to question him about his involvement in the Mumbai attacks and potentially uncover new information about the role of Pakistani state actors.
The West Bengal Board of Secondary Education (WBBSE) has appealed to the Supreme Court to modify its order annulling over 25,000 jobs in schools. The board argues that the termination of 11.3% of existing teachers would have a devastating impact on schools in the state and impact the education of over 78.6 lakh students. The WBBSE is seeking to allow untainted candidates to continue in service until the end of the academic year or until the process of fresh appointments is concluded, whichever is earlier.
An hour-long disruption could affect around 40 million UPI transactions.
Since India relies heavily on specialised imported fasteners for critical applications in industries, such as automobiles, aerospace, electronics, and defence, their sudden unavailability will jeopardise production.
'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
The main focus of the all weather RISAT-1B satellite will be to observe the Indian land with its C-band synthetic aperture radar.
The Enforcement Directorate (ED) has uncovered "multiple irregularities" in the operations of TASMAC, the state-run monopoly controlling liquor trade in Tamil Nadu. The agency found evidence of "manipulation" in tender processes and "unaccounted" cash transactions worth Rs 1,000 crore through distillery companies. The ED alleges that these irregularities involved "kickbacks" to secure increased supply orders from TASMAC and systematic inflation of expenses by distillery companies to siphon off unaccounted cash.
A strong demand was made in the Lok Sabha to eliminate online betting and gambling applications. YSRCP member Maddila Gurumoorthy urged the government to set up a dedicated task force to take action against betting and gambling apps. He also asked the government to draft regulations for such applications and launch awareness campaigns about the dangers of online betting. Other issues raised included deposit insurance coverage for bank depositors, representation of Scheduled Castes in the Kerala government, challenges faced by nurses, and the need for paramilitary forces in Jharkhand during upcoming Hindu festivals.
154 Hindu pilgrims from India have traveled to Pakistan's Katas Raj Mahadev Temple to celebrate Maha Shivratri.
President Donald Trump of the United States has imposed 'reciprocal tariffs' on imports from various countries. With this abandonment of the policy to impose the same tariffs on imports from most countries, nearly all governments, businesses, and economists are busy examining the short- and medium-term implications of this change.
The Supreme Court of India has ordered a progressive reduction in the deputation of Indian Police Service (IPS) officers to Central Armed Police Forces (CAPFs) over the next two years, citing concerns over the delayed promotions of cadre officers. The court's decision aims to address the long-standing grievances of CAPF officers who feel their promotional prospects are hampered by the presence of IPS officers in higher ranks. The ruling also mandates a cadre review of the CAPFs to be completed within six months, addressing the issue of stagnation in the service hierarchy. The court's decision acknowledges the valuable contributions of CAPF officers while also recognizing the need to balance their promotional prospects with the operational requirements of the forces.
The new guidelines, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India.
Indian students at Harvard, on condition of anonymity, shared their concerns and experiences of the last few months during which the prestigious university has seen relentless attacks by the Trump administration.
This innovation has made mainframes the fastest-growing segment within IBM's Infrastructure business, demonstrating that even legacy technologies can continue to deliver value.
The Supreme Court of India has repeatedly criticized the Enforcement Directorate (ED) for exceeding its authority and misusing its powers. The latest rebuke came on Thursday, when the court accused the agency of 'crossing all limits' in a money laundering probe against a Tamil Nadu state-run liquor retailer. This follows a string of similar observations by the Supreme Court and high courts across India, raising concerns about the ED's investigative practices and the potential for misuse of its powers.
Uttar Pradesh Minister of Labour and Employment Anil Rajbhar has informed the state Legislative Assembly that the state has successfully sent 5,600 workers to Israel for employment opportunities, with an additional 5,000 workers in the process of being sent. Rajbhar stated that these workers are contributing significantly to the state's economy by sending foreign currency worth Rs 1,000 crore annually. In addition to Israel, the state is also facilitating applications for overseas employment in Germany and Japan, with thousands of jobs available for nurses and caregiver workers, respectively. Rajbhar also highlighted the state government's initiatives to provide employment opportunities within India through employment fairs and collaborations with the National Skill Development Corporation (NSDC).
Defence attaches of several major countries who are part of many international groupings, as also of several Islamic countries attended the briefing, sources said.
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
'The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.'
The Delhi Cabinet has approved an allocation of Rs 5,100 crore for implementing the Mahila Samriddhi Yojana, under which women in the national capital will receive Rs 2,500 each per month. The scheme was announced by BJP national president J P Nadda on the occasion of International Women's Day and will be launched immediately. The scheme was a key promise made by the BJP during the recent Delhi Assembly elections, where the party secured a sweeping victory. The announcement has been met with mixed reactions, with some praising the initiative while others have raised concerns about its feasibility.
The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
India has launched two special category visa for international students intending to pursue higher education in academic institutions in the country.
Several petitions were filed in the apex court challenging the Act, contending that it was discriminatory towards the Muslim community and violated their fundamental rights.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
The US on Thursday introduced a new facility for premium processing of permanent residency, or Green Card, applications from foreign nationals that are willing to make heavy investment in US, resulting in creation of jobs.
The Supreme Court of India has sought a response from the Election Commission of India (ECI) regarding pleas seeking verification of burnt memory and symbol loading units in Electronic Voting Machines (EVMs). The court directed the ECI to refrain from erasing or reloading data during the verification process and to explain the procedure adopted for verification. The bench also expressed concerns over the high cost of verification and directed the ECI to reduce the fee. The court's directive comes following its previous judgement where it allowed aggrieved candidates to seek verification of EVMs.
The USTR report, released just ahead of the US' April 2 deadline for implementing reciprocal tariffs, has also cited high tariffs and price caps, which have not increased in line with inflation, as key obstacles for US businesses.
Rediff reports on the reasons behind this dramatic shift.
IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.
'Nobody asked us to work on this. It was on our own that we decided to embark on this journey.'
The Enforcement Directorate has sent a notice to Paytm-owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries- Little Internet and Nearbuy, with respect to certain investment transactions, according to an exchange filing. Paytm clarified that the alleged breach pertains to the period when the two companies were not its subsidiaries.
Bessemer Venture Partners has closed $350 million in capital for its second dedicated India fund to back founders in the region, who build enduring companies.
The exchanges have also revised the instances which will be considered a technical glitch excluding instances where the broker is not at fault.
Pakistan's Foreign Office spokesman Mohammad Faisal confirmed in a tweet that Jadhav's family had applied for visas.
Despite the dominance of AI, creativity and innovation are the most in-demand skills, reveal LinkedIn's Skills On The Rise 2025 report.
'...in the minds of the youth of Assam.' 'Now, no protests happen in Assam because of fear of police encounters.'
Twice every 12 days, the NISAR satellite will scan nearly all of earth's land and ice surfaces to measure changes in the planet's ecosystems, growth and retreat of its land and sea ice, and deformation of its crust.
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