Author: Sharad Natani
In a remarkable leap for India’s digital security landscape, the Department of Telecommunications (DoT) has successfully helped recover over 6 lakh lost and stolen mobile phones through its ambitious initiative — ‘Sanchar Saathi’. Launched in May 2023, this initiative stands as a shining example of how technology, transparency, and teamwork can outpace cybercriminals and restore citizens’ trust in digital systems. “Now, losing a mobile phone isn’t the end — it’s just the beginning of an investigation,” said a senior official, adding that “every device’s data now acts as its own shield.” Technology That Redefines Digital Safety At the heart of…
In a major breakthrough against international narco-terror networks, the National Investigation Agency (NIA) has filed a chargesheet against eight accused for smuggling 500 kilograms of heroin from Pakistan to India in 2020. Investigations have revealed that proceeds from the illicit trade were allegedly used to fund terror operations of Lashkar-e-Taiba (LeT), one of Pakistan’s most notorious terror outfits. The 2020 Heroin Haul — A Case That Shocked the Nation The case dates back to July 2020, when Indian authorities intercepted a massive consignment of heroin at Salaya Port in Gujarat. Trafficked through the Arabian Sea, the drugs were meant to…
In a major legal setback, a Los Angeles jury has ordered global healthcare giant Johnson & Johnson to pay $966 million (around Rs 7,91,00 crore) in damages to the family of Mae Moore, a woman who died in 2021 from mesothelioma, a rare and aggressive form of cancer. The lawsuit, filed by Moore’s family in 2021, alleged that J&J’s talc-based baby powder contained asbestos fibers, which led to her illness. After a detailed trial, the jury awarded $16 million in compensatory damages and an additional $950 million as punitive damages, citing negligence and failure to warn consumers. Legal experts noted…
India’s rapid economic growth has created not just opportunities but also cities that have become magnets for wealth and success. From financial hubs to IT powerhouses, these urban centers are home to the country’s most influential and affluent billionaires—reflecting India’s growing global clout. 1. Mumbai – 451 Billionaires India’s financial capital tops the list with an impressive 451 billionaires. Known as the “City of Dreams,” Mumbai is the powerhouse of business, Bollywood, and banking. The presence of the Bombay Stock Exchange, leading financial institutions, and multinational corporations makes it a preferred destination for India’s richest. The city symbolizes ambition, luxury,…
In a major move to safeguard citizens’ unclaimed financial assets, the Supreme Court of India on Monday sought responses from top financial regulators — the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI) — over a petition calling for a unified framework to trace and return Rs 3.5 lakh crore stuck in dormant or unclaimed accounts. The petition, filed by advocate and social activist Aakash Goel, urged the creation of a centralised tracking and reconciliation system to help citizens locate their long-forgotten or unclaimed assets —…
In a landmark step toward making India a global financial powerhouse, Finance Minister Nirmala Sitharaman on Tuesday launched the Foreign Currency Settlement System (FCSS) at Gujarat International Finance Tec-City (GIFT City). The new real-time system will revolutionize the way foreign exchange transactions are settled within GIFT-IFSC, cutting down the traditional 36–48-hour delay under the correspondent banking model to instant settlements. “Until now, foreign currency transactions in IFSC relied on multiple nostro banks, causing up to two days of delay. The new system eliminates that lag—bringing liquidity, speed, and transparency,” Sitharaman said while addressing the Global Fintech Fest in Mumbai. GIFT…