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DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraud
DGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summons and fled to Dubai, operated a network of dummy firms to fraudulently claim Input Tax Credit. He also siphoned Rs 11 crore from Yes Bank and faces charges in other economic criminal cases.
Deutsche Bank CEO says 'everyone' trying to access Anthropic's Mythos as global regulators review risks
Deutsche Bank CEO Christian Sewing said on Monday that banks were in close contact with European watchdogs about Anthropic's Mythos as regulators rush to examine the cybersecurity risks the new artificial intelligence model raises and how prepared financial firms are to tackle them.
Extend GSTR-3B return filing deadline: Demand by advocates and CAs as the portal is not working properly
Chartered accountants and tax professionals are demanding an extension for the GSTR-3B filing deadline, citing persistent issues with the GST portal. Many reported being unable to log in, save returns, or make payments, leading to significant frustration on the last day to file for March 2026. Urgent resolution is requested.
Bitcoin Heist: ED's statewide search includes house of Cong MLA’s sons
The Enforcement Directorate (ED) searched multiple premises in Karnataka, including those linked to the sons of BDA chairman NA Harris, in a cryptocurrency money laundering case. The investigation, involving hacker Srikrishna alias Sriki, focuses on stolen virtual assets being sold and proceeds laundered through various accounts. The Nalapad brothers are alleged to be close associates and beneficiaries of the crime.
What do we know about Anthropic's Mythos amid rising concerns?
Anthropic unveiled Mythos, a powerful AI for cybersecurity. This advanced model can find thousands of software flaws. Concerns are rising that it could speed up cyberattacks. Governments and banks are discussing potential risks. The US plans to make a version available to federal agencies. Authorities in Britain and Europe are also assessing the impact.
Fed nominee Warsh prepares for monetary policy road test before Senate panel
After more than a decade criticizing the U.S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a Senate hearing on Tuesday when lawmakers will likely press the Fed chief nominee to flesh out his monetary policy and economic ideas and calls for fundamental change.
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US Federal Reserve nominee Kevin Warsh faces Senate test on monetary policy
Kevin Warsh faces a crucial Senate hearing for the Federal Reserve chief nomination. Lawmakers will question his economic ideas and monetary policy. Warsh, a former Fed governor, has been a vocal critic of the central bank. His nomination comes amid intense scrutiny of the Fed's independence and calls for significant changes to its operations.
FII selling fuels trading spikes but clouds medium-term growth outlook for Groww
Groww reports strong profit and revenue growth. However, foreign investor selling and global tensions create a mixed market. This boosts short-term trading activity on the platform. But sustained foreign selling could slow new user growth and asset inflows in the medium term. The company manages these market dynamics.
Tears, Gloves, and Goodbye? Brock Lesnar sparks retirement rumors after shock loss at WrestleMania 42 - A look at The Beast Incarnate's glorious career
Brock Lesnar's shocking WrestleMania 42 defeat to Oba Femi has ignited retirement speculation after he removed his gloves and boots in the ring. While no official announcement has been made, the emotional display and symbolic gesture suggest a potential end to 'The Beast Incarnate's' legendary career. Strong rumors, however, hint at a possible final match against Gunther at SummerSlam.
NGOs lose foreign donation nod for failing to use funds
The Indian government is taking action against non-profits holding unused foreign funds. Registrations are being cancelled for organizations that have not utilized foreign donations received years ago. A new bill aims to further tighten controls, potentially freezing funds and restricting asset management for these entities. This signals a shift towards greater accountability in the non-profit sector.
More, the merrier: Women in policymaking drive better social outcomes, economic gains, NCAER study shows
The ongoing parliamentary session addressing the 33% Women's Reservation Act underscores its profound economic and social advantages. Studies indicate that when women participate in policymaking, the results are transformative—leading to enhanced investments in healthcare and education and a significant drop in child mortality rates. Yet, India still trails behind in female political representation compared to the global landscape.
Akshaya Tritiya sees tepid demand on gold price surge
Gold demand during India's Akshaya Tritiya festival remained subdued as record prices curbed jewellery purchases, despite a slight increase in investment demand. Consumers shifted towards gold coins, with overall buying volume lower, though value spending was higher due to elevated prices. This reflects a changing trend of price-sensitive buyers purchasing throughout the year.
Below-normal monsoon and West Asia conflict cloud India's agriculture outlook: BoB
India's agriculture faces a challenging year. A below-normal monsoon forecast and the West Asian conflict threaten crop production and rural economic growth. The India Meteorological Department predicts rainfall at 92 percent of the Long Period Average, the lowest initial forecast in 25 years. Disruptions in gas supply also affect fertilizer and pesticide availability.
Kiwi cofounder Mohit Bedi steps down from executive role after four years
In a LinkedIn post on Saturday, Kiwi cofounder Mohit Bedi said he would shift focus to "personal and family” commitments while remaining closely associated with the company as an advisor and long-term shareholder.
205% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.05 lakh
Sovereign Gold Bond: The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-VII. Investors can redeem these bonds from April 20, 2026. The redemption price is fixed at Rs 15,254 per unit.
White House and Anthropic CEO discuss working together amid rising fear about Mythos model
The meeting between CEO Dario Amodei and White House staff, which took place amid growing fears the AI startup's latest model will supercharge cyberattacks, suggests the two sides might be on a path to rebuilding trust.
NBA appoints Sunny Malik as India Country Head to drive market growth
The NBA has appointed Sunny Malik as its Country Head for India. Malik will now lead the league's strategy and operations in the country. This move signifies the NBA's growing focus on India. Malik has extensive experience with the NBA and in the media and finance sectors.
Banks' gross NPA's to stay range-bound at 2.0-2.2 per cent by March 2027 despite West Asia risks: Crisil
Indian banks are likely to keep asset quality under control over the next two years, with gross non-performing assets (NPAs) projected at 2.0-2.2 per cent by March 2027, only a shade higher than the estimated historic low of 2.0 per cent as of March 2026, according to ratingas agency Crisil Ratings. The resilience will be led by strong corporate balance sheets, even as the MSME segment faces pressure from the ongoing West Asia conflict.
Kalyan Jewellers, Titan, and other jewellery stocks tumble up to 6% while MMTC rallies 16%. Here's why
Indian banks have reportedly halted gold and silver import orders, causing jewellery stocks like Kalyan Jewellers and Titan to fall. MMTC, however, surged on market rumors of being permitted to import gold. This situation has led to significant amounts of precious metals stuck at customs, awaiting a formal government order, potentially impacting supply ahead of Akshaya Tritiya.
Indian banks halt gold, silver imports amid delay in government clearance, sources say
Indian banks have halted gold and silver import orders as a fresh government authorisation under DGFT is still pending, leaving tonnes of bullion stuck at customs. India, a top global consumer, risks supply shortages and rising premiums if delays continue.
German banks examine risks of Anthropic's Mythos with authorities
German banks and authorities are scrutinizing Anthropic's new AI model, Mythos. Experts warn it could boost cyberattacks, posing challenges to banking systems. Regulators in Britain and the United States are also concerned. Anthropic is working with tech firms and banks to prepare defenses for future vulnerabilities. Updates are expected soon.
West Asia War: India’s BBB rating seen stable despite energy shock; S&P flags corporate stress, weaker credit growth
West Asia War: India's sovereign rating remains stable despite rising energy costs. However, supply disruptions for food and fuel could impact company credit quality. Top companies may see earnings drop, increasing debt ratios. Sectors like refining and airlines are most vulnerable. Banks might see slower credit growth. Government revenue could be affected by fuel price support measures.
Thinking of buying silver bars? Key things you must know before you invest
Silver investment tips: Investing in silver bars offers an accessible entry into physical assets, with size, production method, and brand influencing cost and ease of sale. Larger bars are cheaper per ounce but harder to sell, while smaller ones are more liquid. Choosing LBMA-approved refiners and considering packaging are crucial for trust and resale value.
Nigerian airlines threaten to halt flights over soaring jet fuel prices
Nigerian airlines are threatening to halt all flight operations from April 20 if jet fuel prices are not reduced. The Airline Operators of Nigeria claim prices have risen by 270% since February, far outpacing global surges and making operations unsustainable. This potential shutdown could have significant economic and social repercussions.
World Bank launches ‘Water Forward’ plan to expand global water access for 1 billion people
The World Bank has unveiled a new initiative called 'Water Forward'. This program aims to provide secure water access to one billion people within the next four years. It will expand reliable water services and strengthen systems against droughts and floods. Partnerships with other development banks will help achieve this ambitious goal.
NHAI directs issuer banks to validate FASTag-linked vehicle registration numbers
The directive comes after the National Highways Authority of India (NHAI) received multiple complaints where the VRN captured by FASTag readers does not match with the actual registration number displayed on the vehicle number plate.
302% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.02 lakh
Sovereign Gold Bond : The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2019-20 Series-V, set at Rs 15,009 per unit. Investors can redeem these bonds from April 15, 2026, after the fifth year of issuance.
AI-boosted hacks with Anthropic's Mythos could have dire consequences for banks
The model, announced April 7, is the company's "most capable yet for coding and agentic tasks," the company said in a blog post, referring to the model's ability to act autonomously. Its capabilities to code at a high level have given it a potentially unprecedented ability to identify cybersecurity vulnerabilities and devise ways to exploit them, experts said.
ICAI expands mandatory applicability of audit quality evaluation matrix
The Institute of Chartered Accountants of India is expanding its audit quality model. This now includes firms auditing subsidiaries of listed entities, banks, or insurance companies. Separately, ICAI proposes a single regulator for multidisciplinary partnerships. This move aims to foster large Indian firms and compete globally. These changes are significant for the Indian audit sector.
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