The Mizoram Police have cracked down on a large-scale auto-finance scam that ran for nearly four years, arresting eleven individuals, including the alleged mastermind. The scam, estimated at a staggering Rs 150 crore, is being touted as the biggest auto-finance fraud ever unearthed in Northeast India. At the heart of the elaborate scheme was Jakir […]
Business
WhatsApp in Tug-of-War with India over Encryption
In a clash between user privacy and national security concerns, WhatsApp has found itself amidst a legal battle with the Indian government over new regulations. The messaging app, owned by Meta (formerly Facebook), is threatening to exit the Indian market if forced to comply with rules that could potentially weaken its end-to-end encryption. The controversy […]
Mohali Builder is forced to compensate a customer for a 10-year delay in plot ownership.
A New Delhi resident, Mr Rajesh Jain, has been awarded Rs 1 lakh in compensation by the District Consumer Disputes Redressal Commission for facing a 10-year delay in receiving possession of a plot in Mohali. This ruling came after Mr Jain filed a case against Ansal Properties and Infrastructure Limited, its chairman, vice-chairman, and authorised […]
RBI bars Kotak Mahindra from issuing new credit cards and online customer onboarding
In a shocking move, the Reserve Bank of India imposed restrictions on Kotak Mahindra Bank on Wednesday, April 24, 2024. The restriction bars the private lender from onboarding new customers through its online and mobile banking channels, and from issuing fresh credit cards. The RBI’s action comes after growing concerns about Kotak Mahindra Bank’s information […]
New Initiative by Trident Group and Josh Talk
Trident Group, a leading Indian textile conglomerate with a global footprint, has launched an inspiring campaign called ‘Karamyogi Ki Udaan’ on the occasion of Trident’s Mission Day. This initiative aims to shine a spotlight on the unsung heroes within the Trident community, celebrating their triumphs against adversity and highlighting their remarkable achievements. Trident Group’s ‘Karamyogi […]
Google Joins Tech Industry Current Trend of Layoffs
Google, the search engine giant, confirmed ongoing layoffs today as a part of a company-wide restructuring aimed at streamlining operations. This news comes on the heels of a similar announcement from the tech leaders earlier this month, raising concerns about a potential industry downturn. Specific details about the number of positions to be eliminated remain […]
Ahmedabad businessman Donates Rs 200 Crore and accepts Monkhood with Family
Bhavesh Bhandari a Businessman from Ahmedabad and his wife Jinal took a life-altering decision, renouncing their materialistic life and embracing Monkhood. Before embarking on their journey the family had donated their entire fortune, estimated at a staggering Rs 200 crore. In 2022, their 19-year-old daughter and 16-year-old son took Diksha under the guidance of Acharya […]
Uber fined Rs 28,000 for overcharging Rs 27 from Customer in Chandigarh
In a recent incident, Uber India was imposed with a fine of Rs 28,000 by the District Consumer Disputes Redressal Commission of Chandigarh for a driver overcharging a customer by Rs 27. The commission directed the company to refund the excess amount to the complainant, along with the compensation and litigation costs. Complainant Ritvik Garg […]
Countdown to Excellence: Trident Group’s Mission Day marks another year of achievement
Trident Group, a renowned global conglomerate, is getting ready to commemorate its foundational milestone, Mission Day, on April 15 th , 2024, in Sanghera and April 18 th , 2024, in Budhni. The event, themed “Golden Hearts, Golden Trident,” is poised to celebrate Trident’s journey, featuring captivatingperformances, recognition and rewards, valuable insights into the mission, […]
Shirpur Merchant’s Co-operative Bank, Maharashtra, Placed under Moratorium by RBI
The RBI has recently placed Shirpur Merchant’s Co-operative Bank in Maharashtra under moratorium due to a liquidity crunch. As a result, the bank is currently not allowed to accept new deposits or disburse funds to its customers. However, these restrictions do not implicate the cancellation of bank banking licenses, but it is crucial to understand […]