The inclusion of a "no-contest" clause in Ratan Tata's will has caught the attention of India Inc, prompting a wave of interest among promoters of listed companies and business families. Legal advisors and estate planners are seeing a noticeable uptick in queries, as wealthy individuals look for ways to shield their legacies from courtroom battles.
UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents.
'In this age of competition, we will not survive long if we do not provide quality service to our consumers'
Three men in Aligarh, Uttar Pradesh, received income tax notices demanding crores of rupees despite earning meager salaries, highlighting the growing issue of identity theft in India. The victims, who earn between Rs 8,500 and Rs 15,000 per month, were shocked to receive notices for Rs 33.88 crore, Rs 3.87 crore, and Rs 7.79 crore respectively. The authorities believe that businesses have been conducting large-scale transactions using forged Aadhaar and PAN cards in the names of these individuals.
Hindenburg Research, the forensic financial firm that challenged the Adani Group, took its name from the infamous airship that burst into flames upon arriving in New Jersey in 1937. And the counter to its damning report against the conglomerate was dubbed 'Operation Zeppelin,' named after the German dirigible airships used for reconnaissance and bombing during the First World War.
A 26-year-old man, Anandu Krishnan, has been arrested for allegedly defrauding people across Kerala by promising them scooters, sewing machines, and home appliances at half price. The accused claimed to use Corporate Social Responsibility (CSR) funds from big companies. The case has taken a political turn with the involvement of Congress leader Lali Vincent, who served as a legal advisor to an NGO involved in the transactions. Vincent defended Krishnan and said he was not a fraudster, claiming he was made a scapegoat after those who promised CSR funds backed away. The case is being investigated by the Kerala police, who are also looking into the role of certain political leaders in the fraud.
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
The Enforcement Directorate (ED) conducted raids on the premises of Rajasthan Congress leader and former minister Pratap Singh Khachariyawas and Punjab AAP MLA Kulwant Singh as part of a money laundering probe linked to the Rs 48,000-crore PACL Ponzi scam. Khachariyawas, who served as a minister in the Ashok Gehlot government, claimed the ED action was politically motivated due to his criticism of the government. Singh, a real estate promoter, is reported to be Punjab's richest MLA with assets worth Rs 1,000 crore. The ED has been investigating the PACL scam since 2015, alleging that the company defrauded investors of Rs 48,000 crore through fraudulent investment schemes.
A fake cardiologist operating at a missionary hospital in Damoh, Madhya Pradesh, has been linked to the deaths of seven patients. Police have filed an FIR against the accused, identified as Narendra Vikramaditya Yadav, who allegedly used the name of a renowned UK cardiologist. The incident came to light after a complaint was filed with the National Human Rights Commission (NHRC), which is investigating the case. The accused has been booked under various sections of the Indian Penal Code, including forgery and criminal liability. The incident has sparked political controversy, with the Congress accusing the BJP of protecting the accused.
The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore in a money laundering investigation into a fraud investment scheme called BitConnect. The scheme, which ran between 2016 and 2018, promised investors high returns through a proprietary trading bot but was found to be a sham. The ED tracked transactions through the dark web and seized the cryptocurrency from numerous wallets. This is the agency's largest-ever seizure of virtual digital assets and the investigation is ongoing.
The Supreme Court has granted anticipatory bail to Puja Khedkar, a former IAS probationer, who is accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination. Khedkar is accused of misrepresenting information in her application for the UPSC civil services examination, 2022, to get reservation benefits. She has refuted all the allegations against her.
The possible instances of front running at Quant Mutual Fund have likely pushed the Securities and Exchange Board of India (Sebi) to expedite the implementation of an institutional mechanism framework designed to curb such market abuses. This framework, approved by the Sebi board in April, was slated to take effect six months after its notification. But, recent developments have set the wheels of regulation turning faster.
The West Bengal School Service Commission (WBSSC) on Friday said it would abide by the Supreme Court directive and soon initiate the process of conducting fresh exams for all teaching and non-teaching candidates, who took part in the now-invalidated 2016 job recruitment exercise.
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.
Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.
Indian startups raised a total of $1.65 billion (about Rs 14,418 crore) in funding at a median valuation of $83.2 million in February 2025, according to data from Traxcn. This brings the total funding in FY25 (April-February) to $25.4 billion, spread across 2,200 rounds, the data showed.
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
Deposed Bangladesh Prime Minister Sheikh Hasina has issued a strong warning against threats to ban her Awami League party, calling the demands "audacious" and accusing Nobel laureate Professor Muhammad Yunus of being a "fraud" and "corrupt" for his role in the current interim government. Hasina, who fled Bangladesh in August 2024 following a student-led uprising, claims Yunus assumed power through a "meticulous design" with funding from overseas and misled students and people. She asserts that her Awami League is the legitimate party, with a strong history of fighting for the people's rights, and accuses Yunus and his supporters of having no constitutional basis or people's mandate to rule the country.
The Enforcement Directorate said on Monday that it had conducted search operations at four locations in Mumbai and Delhi as part of its money laundering investigation into an alleged Rs 4,500 crore (Rs 45 billion) fraud by Pancard Clubs Limited and others, in which more than 5 million investors have been duped.
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.
The Bombay High Court discharged Adani Group Chairman Gautam Adani and Managing Director Rajesh Adani from a case of alleged violations of market regulations involving nearly Rs 388 crore. The Serious Fraud Investigation Office (SFIO) had initiated the case in 2012 against Adani Enterprises Limited (AEL) and its promoters, accusing them of criminal conspiracy and cheating. The HC's single bench of Justice R N Laddha quashed the sessions court order and discharged the duo from the case.
Former FIFA president Sepp Blatter and France soccer great Michel Platini were both cleared of corruption charges by a Swiss court on Tuesday.
A family in Noida was duped of over Rs 1 crore after they were kept under 'digital arrest' for five days by unknown people posing as government officials. The scammers threatened the family with arrest by making video calls and claiming to be investigating money laundering and other crimes. This is a new type of cyber fraud where the accused pose as law enforcement agency officials and use video calls to intimidate their victims.
'While the current pause offers temporary reprieve and alleviates any immediate legal pressure, the long-term implications remain uncertain.'
A superficial drama that never rises above its boring sentimentality, notes Mayur Sanap.
Gurugram police has arrested two Iran nationals for allegedly cheating a shop owner of Rs 45,000 by 'hypnotising' him, officials said on Wednesday.
The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said Department of Economic Affairs (DEA) secretary Ajay Seth on Monday. "Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise.
Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat -- legal or otherwise -- and that he stands by all its reports.
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.
Union Minister of State BL Verma expressed concern over the situation in Bangladesh and said the government is closely monitoring it. Addressing a Rozgar Mela in Jammu, he lauded the BSF for its role in safeguarding India's borders with Bangladesh, Myanmar, and Pakistan. He also responded to questions on the Samajwadi Party's controversial statement labelling the BJP government as a "Hindu terrorist organisation", the Congress's allegations of EVM fraud, and Rahul Gandhi's call for a caste census.
Blatter and Platini were suspended from football in 2015 by FIFA for ethics breaches, originally for eight years, although their exclusions were later reduced.
Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday.
Khedkar, who was from the 2023 batch, has been accused of cheating and wrongly availing Other Backward Classes and disability quota benefits to ensure her selection in the government service.
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate's founder chairman Gautam Adani. "Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC, one of Adani group's key foreign investors, said in a statement.
The Supreme Court on Monday held as nullity the May 13, 2022, judgment of another bench of the apex court, which had directed the Gujarat government to consider the remission applications of the 11 convicts in the Bilkis Bano gang-rape case and murder of seven of her family members, saying it was obtained by "playing fraud on court".
Haryana Chief Minister Nayab Singh Saini has vowed to take strict action against travel agents involved in sending youth from the state abroad through illegal routes. He said the government is identifying those involved and will introduce a law to control illegal immigration. Saini also commented on the recent Delhi elections, praising the BJP's victory and criticizing former Delhi CM Arvind Kejriwal.
Adani group stocks faced heavy drubbing during the early trade on Thursday, with Adani Energy and Adani Enterprises tumbling 20 per cent, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The stock of the group's flagship firm Adani Enterprises plunged 20 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 19.17 per cent, Adani Total Gas tumbled 18.14 per cent, Adani Power slumped 17.79 per cent, and Adani Ports dived 15 per cent on the BSE.
On Tuesday, October 3, 2023, former US President Donald J Trump appeared in a a Manhattan court in a civil fraud case brought by New York state Attorney General Letitia James.
A Haryana man who paid Rs 35 lakh to agents to facilitate his journey to the USA via the 'dunki' route was deported back to India after being apprehended in the US. The man, Pankaj Rawat, has filed a complaint with the Gujarat police accusing the agents of human trafficking and cheating.
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.
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