Amber Dalal, the proprietor of Ritz Consultancy Services, has been arrested by the Enforcement Directorate (ED) for orchestrating a ₹600 crore Ponzi scheme that duped over 1,300 investors. Dalal lured investors with promises of high returns, paid initial profits to gain trust, and then diverted the funds for personal gains and accomplices. The investigation began […]
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Amazon India is all set to host its first-ever Black Friday Sale, a globally celebrated shopping event, starting November 29, 2024. The four-day sale will run until December 2, 2024, offering shoppers exciting deals across a wide range of categories. Prime members will enjoy early access and exclusive benefits during the event. The sale promises […]
Australia has made global headlines by becoming the first country to impose an outright social media ban for children under the age of 16. The groundbreaking legislation, passed after a year of passionate debate, compels tech giants like Meta (owner of Instagram and Facebook) and TikTok to block minors from accessing their platforms or face […]
Reliance Jio and Bharti Airtel, India’s telecom giants led by Mukesh Ambani and Sunil Mittal, are set to face a groundbreaking challenge with the arrival of SpaceX’s Starlink “direct-to-cell” satellite communication service. This innovative technology eliminates the need for traditional mobile towers, allowing smartphones to connect directly to satellites, ensuring
In a deeply troubling case, a Deputy Superintendent of Police (Dy. SP) in Bengaluru has been charged under the Prevention of Corruption Act and abetment to suicide following the death of a 35-year-old businesswoman, Jeeva S. The FIR was filed by Banashankari police hours after Jeeva died by suicide, allegedly due to harassment by CID […]
On November 21, 2024, Gautam Adani, the chairman of Adani Group and one of India’s wealthiest individuals, faced a massive setback as his net worth plummeted by over ₹88,726 crore ($10.5 billion) in a single day. The sharp decline followed an alleged indictment in New York, accusing Adani and his associates of paying bribes exceeding […]
In a peculiar case of theft, a 49-year-old man from Noida was arrested for allegedly stealing a fossil over 50 million years old from the India International Trade Fair (IITF) at Pragati Maidan in Delhi. The stolen item, a Gastropod fossil—preserved remains of an ancient snail or slug—was part of a Geological Survey of India […]
In a significant crackdown, Telangana’s Drugs Control Administration (DCA) seized counterfeit antibiotics valued at ₹1.33 crore during a raid at a pharmaceutical facility in Siddipet district’s Karakapatla area. The company is accused of illegally exporting fake drugs to Russia under false labels, violating the Drugs and Cosmetics Act, 1940. Spurious Drugs Uncovered
Managing cash transactions in your savings account comes with specific limits and regulations as outlined by the Indian Income Tax Act. These rules are designed to monitor large cash flows, prevent tax evasion, and curb illicit financial activities. Here’s what you need to know for 2024: Cash Deposit Limits For savings accounts, individuals must notify […]
Elon Musk has officially become the wealthiest individual in history, with a staggering net worth of $347.8 billion, as reported by CNN. This record-breaking achievement follows a remarkable 40% surge in Tesla’s stock since Election Day, including a 3.8% jump on Friday alone, which brought the stock to $352.56 — its highest level in over […]
