Cyber fraud is on the rise in India, with banks increasingly facing challenges from mule accounts—bank accounts used by fraudsters to move and disguise illicit funds. These accounts often belong to unsuspecting individuals or are opened using forged documents. Despite identifying and freezing thousands of such accounts annually, banks report that fraudsters continually create new …
A major leap in railway infrastructure was announced in Mumbai under the initiative “Better Infrastructure, Better Technology, Better Trains,” as Union Minister Shri Ashwini Vaishnaw and Maharashtra Chief Minister Shri Devendra Fadnavis jointly addressed the media. The press briefing highlighted Indian Railways’ commitment to improving suburban and regional transport through strategic investment and technological advancements. …
At the Mission Innovation Annual Gathering 2025, held in Seoul, South Korea, from April 9th to 11th, India took centre stage by presenting its progressive policies and advancements in clean energy. The event, a key platform for global collaboration in accelerating clean energy technologies, saw active Indian participation led by the Department of Biotechnology (DBT), …
Delhi has been taking strong measures to tackle air pollution, and the new Delhi EV Policy 2.0 is the next step in its mission to clean up the city’s air. A bold proposal in the draft suggests that, starting from August 15, 2026, no new petrol, diesel, or CNG-powered two-wheelers will be allowed to register …
India’s iron ore industry is witnessing strong momentum, and according to Vedanta Group Chairman Anil Agarwal, the country could soon overtake Brazil and China to become the world’s second-largest iron ore producer. The statement comes at a time when India’s iron ore output continues to show steady growth, thanks to its vast reserves and rising global demand. …
In a key development for India’s steel industry, ArcelorMittal Nippon Steel India (AM/NS India) has withdrawn its plea in the Delhi High Court after receiving the central government’s approval to import metallurgical coke, commonly known as met coke. This marks the end of a legal tussle that had sparked debate around trade restrictions and industry …
In a recent enforcement report published by the US Food and Drug Administration (USFDA), three major Indian drugmakers Glenmark, Sun Pharma, and Zydus have voluntarily initiated recalls of various medications in the US due to concerns over production quality and regulatory non-compliance. Glenmark Recalls Over 25 Products Glenmark Pharmaceuticals is recalling more than 25 pharmaceutical products …
India’s semiconductor industry is all set for a major leap, with end-demand revenues expected to reach ₹9.3 lakh crore (US$ 108 billion) by 2030. According to a recent UBS report, this growth will be driven by strong electronics demand, favourable policies, and the country’s growing digital economy. Rapid Growth Expected by 2030 India’s semiconductor demand …
The Nifty Financial Services Index, also known as FINNIFTY, is a benchmark designed to capture the performance of India’s dynamic financial sector. It includes 20 major stocks across various segments such as banks, financial institutions, housing finance, insurance, and other financial services. Introduced by the National Stock Exchange (NSE), the index uses the free-float market …
In a move aimed at safeguarding the financial interests of retired government employees, the Reserve Bank of India (RBI) has issued a circular directing banks to pay 8% annual interest on any delayed pension payments. This directive seeks to ensure timely disbursement and eliminate the need for pensioners to initiate compensation claims. Automatic Compensation and …
