Business Finance
Chandigarh Police have arrested businessman Vikram Wadhwa in connection with an alleged financial fraud linked to accounts maintained at IDFC First Bank’s Chandigarh branch. The arrest is part of an ongoing investigation into suspected diversion of funds through unauthorised banking transactions and shell entities. Vikram Wadhwa Arrested In IDFC First Bank Fraud Case
Finance
India’s Income Tax Department has started sending emails to several taxpayers highlighting significant financial transactions and possible shortfall in advance tax payments. The communication is part of the department’s ongoing data analytics exercise aimed at improving tax compliance and reminding individuals to review their tax liabilities before the end of the financial
Business Markets
Meta is preparing another round of workforce reductions as the company increases investment in artificial intelligence infrastructure and technology. The move reflects a broader shift in the global technology sector, where companies are restructuring operations and reallocating resources to support rapid AI development. Meta Layoffs Linked To AI Investment Meta is
Business Finance
The Enforcement Directorate (ED) has conducted search operations at 19 locations across Chandigarh, Mohali, Panchkula, Gurugram and Bengaluru in connection with an alleged ₹597-crore fraud linked to IDFC First Bank. Authorities also froze more than 90 bank accounts suspected to be connected to the diversion of funds as investigators attempt to trace the money trail […]
Business
Shell has declared force majeure on LNG contracts linked to supplies from Qatar after disruption at QatarEnergy’s major export facility forced a halt in production, adding fresh pressure to global gas markets already strained by the wider Gulf crisis. The move means Shell can temporarily suspend contractual delivery obligations to some buyers because of circumstances […]
Industry
Laptop and desktop prices in India are expected to rise sharply this year as manufacturers face higher costs for memory, graphics components and some processors. Industry reports indicate that prices could increase by as much as 35% in some categories, while overall PC demand may weaken as buyers delay purchases. Laptop Prices In India May […]
Business Markets
Asian Stocks Fall As Oil Jumps On Crisis Asian equities came under heavy pressure on Monday as oil prices surged sharply amid the worsening West Asia crisis, with investors reacting to fears of supply disruption, shipping risks and a broader economic shock across the region. The selloff reflected growing concern that the conflict could hit […]