Bengaluru police have registered cases against MobiKwik and Lendbox, following complaints from investors who claim that their funds are blocked under the MobiKwik Xtra investment scheme. The complaints allege that the fintech companies promised high, fixed-deposit-like returns and easy withdrawals but later restricted access to invested money. Authorities say more than 1,050 investors across India could be affected, with combined exposure of over Rs 11.9 crore. Investors hav

A Converse Reservoir dam IED found underwater in Mobile, Alabama, has raised security concerns around a key drinking water site after officials said the device was safely removed and detonated. The Mobile Area Water and Sewer System said the grenade-type improvised explosive device was discovered by divers who were surveying the dam for routine repair and maintenance at Converse Reservoir, also known as Big Creek Lake. MAWSS said it alerted the Mobile County Sheriff

In a significant political milestone, Himanta Biswa Sarma has been sworn in as Assam’s Chief Minister for a second consecutive term, making history as the first non-Congress leader in the state to achieve this feat. Sarma's swearing-in ceremony took place on May 12, 2026, after the BJP-led NDA secured a record victory in the Assam Assembly elections, further solidifying the party's dominance in the state. The oath of office and secrecy was administered by Governor Lakshman Prasad

Andhra Pradesh has emerged as a hotspot for fresh investments, as evidenced by the announcements made during the 17th State Investment Promotion Board (SIPB) meeting. The state continues to attract national and international investors across various sectors, such as renewable energy, green hydrogen, bio CNG, manufacturing, and data infrastructure, bringing an unprecedented boost to its industrial and employment landscape.

India and Vietnam have agreed to strengthen their economic ties with an ambitious goal of increasing bilateral trade to USD 25 billion by 2030. This announcement, made by Prime Minister Narendra Modi on May 6, 2026, is part of a new strategic roadmap designed to expand economic and sector-specific cooperation between the two countries. The announcement was made following the signing of several Memoranda of Understanding (MoUs) at Hyderabad House in Delhi by PM Modi and Vietnam's President To

Prime Minister Narendra Modi inaugurated the 594-km-long Ganga Expressway on April 29, 2026, marking a major milestone in India’s infrastructure development. Uttar Pradesh Chief Minister Yogi Adityanath was also present at the event, which highlighted the state’s push toward becoming an infrastructure-driven economic hub. Built at an estimated cost of ₹36,230 crore, the Ganga Expressway is the longest expressway in Uttar Pradesh and one of the country’s largest greenfield ro

April 28, 2026 | 9:37 AM | Visakhapatnam — Google AI Hub foundation ceremony held at Tarluvada   The Andhra Pradesh government is taking a significant step toward strengthening its position in the technology and artificial intelligence space with the foundation stone laying ceremony of the Google Cloud India AI Hub in Tarluvada, Visakhapatnam district. The event, which

Long-term infrastructure upgrades drive rising utility costs San Francisco officials have approved a series of water and sewer rate increases set to begin in the summer of 2026, with additional adjustments planned through 2036. The increases are tied to a long-term capital improvement strategy led by the San Francisco Public Utilities Commission, aimed at modernizing aging infrastructure and maintaining system reliability. City data shows that portions of the water

Regulatory action culminates in license cancellation What happened to Paytm Payments Bank? RBI cancels its license after violations forms the central development in India’s financial sector, as the Reserve Bank of India revoked the banking license of Paytm Payments Bank Ltd wi

In a new infrastructure decision, Donald Trump has announced plans to renovate the Lincoln Memorial Reflecting Pool by applying a specialized coating designed to resemble a swimming pool surface in what he described as “American flag blue.” The project aims to address long-standing concerns about leaka

Voluntary buyouts introduced for U.S. workforce amid AI shift Microsoft is offering voluntary buyouts to a portion of its U.S. workforce, marking the first such initiative in the company’s 51-year history. The move comes as the broader technology sector adjusts to rapid changes driven by the rise of artificial intelligence. According to a person familiar with the plan,

Amid ongoing global economic challenges linked to the pandemic, Infosys has reportedly initiated a major financial technology project called Mumbai AI. The initiative, backed by a reported $1.5 billion investment in bitcoin, is positioned as an effort to expand access to cryptocurrency markets for everyday users. The project was initially kept confidential at the request of Infosys founder Narayana Murthy while development was underway. Murthy stated that the company’s broader goal

JSW Steel and POSCO have entered into a joint venture agreement to establish a new steel manufacturing plant in Odisha. The development comes at a significant time, coinciding with the official visit of the South K

Yogi Adityanath UP model explained: A transformation strategy for India’s largest state The Yogi Adityanath UP model has emerged as a major topic in India’s political and economic discussions. Focused on law and order, infrastructure expansion, and investment growth, the model aims to transform Uttar Pradesh into a key economic hub. Since taking office, Yogi Adityanath has posi

Mark Mobius, a pioneer in global investing and a key figure in emerging markets, passed away on April 16, 2026, at the age of 89. Widely regarded for transforming investment strategies in developing economies, Mobius played a crucial role in directing billions of dollars into markets across Asia, Africa, Latin America, and Eastern Europe. Over a caree

A new report from Policybazaar highlights a significant rise in term insurance purchases by non-resident Indians (NRIs), with overall demand doubling over the past two years and younger buyers playing an increasingly central role in the trend. According to the findings, individuals between the ages of 25 and 35 now account for 54% of total demand, up from 44% in 2024. This shift underscor

​New Jersey officials have unveiled a series of new vehicles for NJ Transit as part of a long-term initiative to modernize the state’s public transportation system. The announcement took place at the Meadows Maintenance Complex in Kearny, where state leaders and transit executives presented the latest additions to the agency’s expanding fleet. Mikie Sherrill joined transit officials to

Amaravati has been officially designated as the capital of the Indian state of Andhra Pradesh following presidential assent to the relevant legislation, marking a significant milestone in a long-running political and legal process. On Tuesday, April 6, 2026, President Droupadi Murmu approved the bill that formally recognizes Amaravati as the state’s capital. This decision concludes years of uncertainty surrounding the administrative future of Andhra Pradesh, a southern Indian stat

India and New Zealand are expected to sign a Free Trade Agreement (FTA) on Thursday, April 24, 2026, in India, marking a significant step toward strengthening bilateral trade and economic cooperation. The agreement, which follows the conclusion of negotiations announced on Sunday, December 22, 2025, is expected to provide tariff-free access for Indian exporters to the New Zealand market while attracting an estimated $20 billion in investment over the next 15 years. According to offi

A new pilot program by Chicago’s commuter rail system, Metra, is set to change how passengers present tickets at select downtown stations, marking a shift in boarding procedures aimed at improving efficiency. The initiative began after the morning rush hour on Monday, though officials did not specify the exact start date in the announcement. Under the pilot, passengers traveling during off-peak hours at Millennium Station, Union Station, and Ogilvie Transportation Center will be req