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CBI flags ₹73,000 cr fraud in Anil Ambani Group probe; ED flags IBC issues

The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement Directorate (ED), the apex court issued an order on March 23. "...the losses in the other cases also come to several thousands of crores, totalling claims of approximately Rs 73,006 crore," the apex court order said, referring to the CBI probe. A response from the Reliance Group to a query sent by PTI regarding this development is awaited. The ED told the court that it seized certain documents that speak about a purported "Project Help", indicating that insolvency proceedings were "deliberately" starte

OpenAI urges grid, safety net spending to prepare for AI-driven changes

Many of the proposals are tied to social change driven by AI, which some fear could lead to widespread job losses

UAE's $3 billion loan recall adds strain to Pakistan's fragile economy

Pakistan managed to stabilize its economy in recent years with the help of loans from the International Monetary Fund and friendly donors like the UAE

Delhi Assembly security breach accused's family claims he's mentally ill

Uttar Pradesh Police on Monday reached the residence of a man accused of breaching security at the Delhi Assembly and questioned his family members in Pilibhit, officials said. Station House Officer of Puranpur Kotwali, Pawan Kumar Pandey, said the family members of the accused claimed that he was suffering from mental health issues and was undergoing treatment at a hospital in Shahjahanpur. The accused, identified as Sarabjeet Singh, a resident of Puranpur area, allegedly drove an SUV through one of the boundary gates of the Delhi assembly and placed a flower bouquet in the Speaker's vehicle parked on the porch before fleeing, triggering a security alert in the national capital. He was later detained along with two others from north Delhi's Roop Nagar. "Family members informed that his mental condition is not stable. We are verifying all aspects of the case," SHO Pandey said. According to police, after Sarabjeet was identified, Circle Officer Prateek Dahiya and SHO Pandey visited

Over 1,700 Indians exit Iran via land borders amid West Asia conflict: MEA

Over 1,700 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict over a month ago, the Ministry of External Affairs (MEA) said on Monday. "Our embassy in Tehran has so far facilitated the movement of 1,777 Indian nationals to exit Iran through Armenia and Azerbaijan," MEA spokesperson Randhir Jaiswal said at a media briefing. The Indian nationals are flying back home from Armenia and Azerbaijan. Jaiswal said the Indians who returned home included 895 students and 345 fishermen. "The Indian fishermen were employed by various companies in Iran and they flew home from Armenia on March 4," he said.

INA, warts and all: The Forgotten Prisoners offers a needed rebalancing

Mr Hazarika notes that despite Bose's electrifying oratory, only 2,000 men of the 27,000 POWs outside the INA joined; the rest opted for the purgatory of Japanese POW camps

Oppn notices on motion to remove CEC rejected by RS Chairman, LS Speaker

Lok Sabha Speaker Om Birla and Rajya Sabha Chairman C P Radhakrishnan on Monday rejected separate notices from the opposition to move a motion for the removal of Chief Election Commissioner Gyanesh Kumar from his post. The opposition had submitted notices to the Lok Sabha speaker and the Rajya Sabha chairman against the CEC, alleging "partisan and discriminatory conduct in office", "deliberate obstruction of investigation of electoral fraud" and "mass disenfranchisement" among other charges. In separate orders, the Speaker and the Rajya Sabha Chairman refused to admit the notices moved under Article 324(5) of the Constitution, read with other relevant constitutional and statutory provisions, praying for the removal of Gyanesh Kumar as the Chief Election Commissioner. "After due consideration of the notice of Motion and a careful and objective assessment of all relevant aspects and issues involved, the Chairman, Rajya Sabha, in exercise of the powers vested to him under Section 3 of

Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending

Doug Kehring will step down as Oracle's principal financial officer following the appointment and will return to focusing on the company's go-to-market operations

Priyanka says PM Modi 'failed' to address West Asia conflict concerns

Congress leader Priyanka Gandhi Vadra on Monday alleged that Prime Minister Narendra Modi and the Centre have "failed" to address the concerns arising out of the ongoing West Asia conflict, which was affecting lakhs of Indians. Addressing a corner meeting at Peravoor in this northern district as part of the campaign for the April 9 Assembly polls, she claimed that no adequate provisions had been made for the safety and security of Indians in the region. Referring to the situation in the Middle East, the Wayanad MP said India could face more problems in the coming days as the conflict continues to escalate. Taking a dig at the Prime Minister, she alleged that, "Modiji is too busy bowing to the US and Israel." Similarly, she accused Kerala Chief Minister Pinarayi Vijayan of being "too busy bowing to Modiji". According to her, fuel prices in the country were rising steadily and the Centre handed over the energy sector to the United States. "Today, the US decides where we should buy o

RBI cancels Shirpur Merchants' Co-op Bank licence over poor finances

The RBI on Monday said it has cancelled the licence of The Shirpur Merchants' Co-operative Bank as the lender does not have adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the close of business on April 6, 2026, the Reserve Bank said in a statement. The Commissioner for Cooperation, Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC). The RBI said that as per the data submitted by the co-operative bank, about 99.7 per cent of the depositors are entitled to receive full amount of their deposits from DICGC. As on January 31, 2026, DICGC has already paid Rs 48.95 crore of the total insured deposits based on the willingness received from the

JIIF plans to invest ₹80-100 cr in 12-18 months in early-stage startups

Investment platform JITO Incubation and Innovation Foundation on Monday said it plans to invest Rs 80-100 crore in early-stage startups in the next 12-18 months. The platform has invested over Rs 150 crore across more than 100 pre-seed and seed-stage startups over the past two years, and reported over 15 exits during the period. "Over the next 1218 months, the platform plans to invest approximately Rs 80100 crore, with an aim to back 2025 startups annually. Its investment ticket size currently ranges between Rs 1.5 crore and Rs 2 crore, depending on stage and sector," JIIF said in a statement. The platform has also made a Rs 26.5-crore investment in Mumbai-based Atomic Capital. The move allows JIIF to participate in a wider set of investment opportunities beyond direct startup investments. JIIF further said that it plans to launch an accelerator programme focused on the Asia-Pacific region, covering India, the Middle East and Southeast Asia, where the programme will target early-st

Qatar LNG tankers turn back after failed attempt to pass through Hormuz

Transit through Hormuz would be a shot in the arm for Qatar, which supplied nearly a 5th of all LNG last year, even as the country's Ras Laffan export plant has been shut for over a month

Bajaj Alternate Investment Management secures PMS licence from Sebi

Bajaj Alternate Investment Management, an arm of Bajaj Finserv, on Monday said it has received approval from markets regulator Sebi to commence Portfolio Management Services (PMS). The move would help Bajaj Alts expand its footprint in listed equities. With this, the firm strengthens its positioning as a diversified investment platform offering comprehensive solutions across Alternative Investment Funds (AIFs) and PMS, the company said in a statement. "The PMS licence marks a strategic step in our journey to build a differentiated investment platform for discerning investors. It allows us to be a trusted partner in our investors' wealth creation journey. As investor portfolios evolve, there is a growing need for customised and actively managed solutions. "Our PMS platform is designed to address this need while staying anchored to disciplined risk management and long-term wealth creation," said Lakshmi Iyer, Group President-Investments, and MD & CEO, Bajaj Alts. The company said ..

Delhi Assembly security breach: 3 held after masked man drives SUV inside

The vehicle, bearing a Uttar Pradesh registration number, broke through Gate No. 2 at around 2 pm and entered the complex

Textiles Ministry shifts to new office in Netaji Nagar under Vista plan

The textiles ministry on Monday shifted to its new office in General Pool Office Accommodation (GPO 'A') in Netaji Nagar here as part of the Central Vista redevelopment plan. The GPO 'A' Block 3 building is temporarily hosting some government ministries to facilitate the demolition of Udyog Bhawan and Shastri Bhawan. The heavy industries ministry is also likely to shift to its new office in the building this week, people in the know shared. "Today, the office was formally inaugurated with worship and rituals. This new complex is equipped with modern facilities, which will play an important role in making public service more effective, transparent, and accessible," Textiles Minister Giriraj Singh said in a post on X. "With robust infrastructure and a dedicated work culture, this office will prove to be an important step towards providing excellent services under the Ministry of Textiles," the minister stated in another post.

Indian refiners defer maintenance shutdowns to meet local fuel demand: Govt

However, Nayara Energy will shut its 400,000 barrels per day Vadinar refinery for maintenance from April 9, tightening supply of ​liquefied petroleum gas in the country, she said

Sebi wants independent directors to adopt 'constructive approach'

Sebi chairman Tuhim Kanta Pandey on Monday said independent directors discharge a very important responsibility in a company's affairs, and underlined the need for them to adopt a "constructive approach" in discharging their duties. In the comments that came weeks after the resignation of Atanu Chakraborty, an independent director and part-time chairman of HDFC Bank, Pandey said the role of such directors is far more than just compliance, and also encompasses functions like assessing the information and insights from the management, governance, risk management and also financials. "There is a need to discuss on such matters at the board. But a constructive approach (is needed). Shareholders and other stakeholders of a company are influenced by a company's performance and market cap," Pandey told reporters, answering a specific question on investor wealth erosion at HDFC Bank following Chakraborty's resignation. Chakraborty's surprise resignation, citing incongruity in values and ...

TDI Infratech to invest ₹750 crore in 150-acre township project in Ludhiana

Realty firm TDI Infratech on Monday said it will invest Rs 750 crore to develop a 150-acre township in Ludhiana as part of its expansion plan. In the township, the company said it will build luxury group housing, residential plotted developments and low-rise independent floors, targeting both end-users and long-term investors. The project will span over 6 million square feet of developable area. The company, in a statement, said it is "developing about 150 acres of land in Ludhiana for an integrated township with an estimated investment value of Rs 750 crore." Speaking on the expansion, Akshay Taneja, Managing Director, TDI Infratech, said Ludhiana represents a high-potential market with strong economic fundamentals and sustained end-user demand. "Our acquisition of approx 150 acres reflects a long-term commitment to developing a benchmark township that integrates premium housing formats with robust infrastructure and lifestyle amenities. This project also marks an important miles

Iran war: Hormuz traffic hits highest in weeks as more transits are agreed

Iranian vessels continue to dominate traffic, but on Sunday a tanker carrying Iraqi crude made its way through the strait, after Iran said it would grant an exemption to "brotherly Iraq"

Diamond Power Infra bags order worth ₹100 cr from Adani Electricity Mumbai

Diamond Power Infrastructure on Monday said that it has secured an order worth Rs 100.54 crore from Adani Electricity Mumbai Ltd for the supply of cables. The order will be executed from April 2026 to February 2027, a regulatory filing stated. The broad consideration, or the size of the order, is Rs 100,54,10,858, including tax, it said. In a separate filing, the company stated that it has received a letter of intent from Adani Power for the supply of various sizes of power and control cables at Raipur Ph-II Thermal Power Projects, Chhattisgarh. The order worth Rs 43,26,10,349, including GST, will be executed by July 31, 2026. In another filing, Diamond Power said that it has received a letter of intent from Adani Green Energy Ltd for the supply of cables worth Rs 19,57,11,313. The order will be executed within 15 days from the issuance of the letter of intent, it stated.