Cybercriminals are targeting taxpayers during income tax return filing season. They send fake notices via WhatsApp and use cloned tax portals. These scams aim to steal banking credentials and gain device access. Attackers use malware-laden attachments and phishing websites to deceive victims. This campaign exploits the expectation of official communications from the tax department.
The Centre’s fiscal deficit reached eighteen percent of its annual estimate during the first quarter. Tax revenue saw a modest increase, while capital expenditure rose significantly. Revenue expenditure also experienced a notable rise, driven by subsidies. Increased fertilizer and fuel subsidies were largely due to global price surges. Future fiscal health depends on West Asia
Zepto will delay its public listing by two to three quarters. The quick commerce startup faced tepid investor response on its valuation. Domestic investors offered valuations significantly lower than its last funding round. The company now seeks Rs 1,000 crore in pre-IPO funding. Zepto aims for a lower valuation of around $4-4.5 billion for this
India produced its biggest day of the 2026 Commonwealth Games, winning six medals to take its tally to 23. Historic judo golds for Asmita Dey and Harsh Singh, athletics medals from Tejaswin Shankar, Neeraj Chopra and Yash Vir Singh, plus a perfect 10-for-10 boxing run into finals highlighted a memorable Day 9 in Glasgow.
Sebi has banned Zee group’s Subhash Chandra and Punit Goenka for one year. They fraudulently pledged Zee Entertainment Enterprises land parcels as security for personal loans. Chandra and Goenka misused their positions, risking the company’s assets for personal gain. The regulator also imposed fines on Chandra, Goenka, and the company for these fraudulent acts. This
Gold loans fueled a significant acceleration in bank credit during Q1FY27. This segment expanded by 93.8% year on year, adding substantial value. Overall bank credit also saw robust growth, crossing a significant milestone. Credit to industry recorded its highest first-quarter expansion in recent years. Vehicle loans and medium enterprises also showed strong performance.
India’s monsoon rainfall is expected to be below normal during August and September. This forecast is influenced by the continuing risk of El Niño, which often weakens the monsoon. July rainfall, however, turned out to be normal due to plentiful showers in central India. These showers helped reduce the overall monsoon rainfall deficit significantly by
Draft voter rolls in Haryana and Andhra Pradesh reveal significant exclusions. Over sixteen percent of Haryana’s electorate and over ten percent in Andhra were removed. Reasons cited include deaths, permanent shifts, and multiple registrations. However, genuine voters can still be added during the claims period. This process allows for corrections and additions to the electoral
