Federal prosecutors have charged the founder of Irving-based Tricolor Holdings with orchestrating a years-long scheme that allegedly defrauded major lenders of nearly $1 billion, marking a dramatic collapse for a company once positioned as a key provider of auto loans to borrowers with poor credit histories. Authorities announced the charges Wednesday alongside the arrests of two former top executives and guilty pleas from two others. According to an indictment unsealed in federal c

Tension in Bangladesh has sharply escalated after India closed its visa centres in Rajshahi and Khulna, prompting violent protests and warnings of further unrest. Demonstrators clashed with security personnel near the Assistant High Commission of India in Rajshahi after attempting to march toward the compound. Protesters accused India of injustice and went so far as to threaten bloodshed, saying they would use swords or other weapons if necessary. The situation has alarmed authorities on both

The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin

Amaravati is once again in the national spotlight with a major milestone set to unfold in the capital region. As the NDA government accelerates the development of Andhra Pradesh’s capital, the city is emerging not only as an AI hub and renewable energy center but also as a rising financial powerhouse. The long-held dream of transforming Amaravati into India’s financial capital, first envisioned by Chandrababu Naidu, is now gaining renewed momentum with concrete steps toward large-scale ba

Bangladesh’s interim government led by Muhammad Yunus is moving forward with plans to seek Interpol’s assistance to extradite former prime minister Sheikh Hasina and ex-home minister Asaduzzaman Khan Kamal from India. The move comes shortly after the International Crimes Tribunal in Dhaka sentenced both leaders to death in absentia for alleged crimes against humanity linked to the July–August 2024 unrest. Prosecutor Gazi MH Tamim confirmed that preparations are underway to request a fre

Bangladesh witnessed massive unrest on Monday as clashes broke out across Dhaka and several other regions following the International Crimes Tribunal’s death penalty verdict against ousted Prime Minister Sheikh Hasina. The ruling, linked to charges of incitement, killings and failure to prevent atrocities during the student-led uprising of 2024, triggered violent confrontations between Awami League supporters, rival groups, and security forces. Two people lost their lives as highways were b

Bangladesh has issued one of its most severe political judgments in history, sentencing former Prime Minister Sheikh Hasina to death for crimes against humanity allegedly committed during the 2024 student protests. However, the ruling is complicated by the fact that Hasina is currently in India, where she has been living for over a year since fleeing Dhaka after her government collapsed. With the International Crimes Tribunal passing the harsh verdict in her absence, Bangladesh’s interim ad

  US President Donald Trump has issued an executive order removing import tariffs on a broad selection of food products in an effort to curb rising grocery costs and ease pressure on consumers. The decision marks one of the most significant adjustments to his trade policy since tariffs were introduced as a central feature of his economic agenda. The order comes at a moment when Americans have voiced growing frustration over inflation, particularly food prices, following last we

The excitement of America’s favorite game show is rolling into Livermore this November. “Wheel of Fortune LIVE!” is set to bring its interactive stage experience to the Bankhead Theater on Monday, November 10, giving fans a rare chance to step into the spotlight and spin the iconic wheel themselves. Hosted by TV personality Mark Walberg, known for his roles on “Antiques Roadshow” and “Temptation Island,” the live event will feature randomly selected audience members co

Massive student and teacher protests erupted across Dhaka University and Jagannath University after the Yunus-led interim government scrapped the posts of music and physical education teachers in public schools. The move came after Islamist organisations like Hefazat-e-Islam and Islami Andolon Bangladesh denounced such subjects as “un-Islamic” and threatened street protests unless the government prioritized religious education. The Ministry of Primary and Mass Education had init

Bangladesh has officially withdrawn its earlier approval for fugitive Indian preacher Zakir Naik’s planned visit scheduled for November 28. The reversal came after the Muhammad Yunus-led interim government reassessed potential risks, with security agencies warning that Naik’s presence could draw massive gatherings and create law and order challenges ahead of the country’s first general elections since the fall of the Sheikh Hasina regime. Naik, who faces terror-linked allegations in Ind

Indian-origin telecom executive Bankim Brahmbhatt, once celebrated as one of the top 100 global leaders in telecommunications, is now at the center of a massive $500 million financial fraud case in the United States. Brahmbhatt, the Gujarat-born CEO of US-based telecom companies Broadband Telecom and Bridgevoice under the Bankai Group, is being sued by HPS Investment Partners — the private credit arm recently acquired by global investment giant BlackRock. The case has shocked both

Pakistan has offered Bangladesh the use of its Karachi port for exporting jute and other goods, marking a significant geopolitical move amid deteriorating India-Bangladesh relations. The offer comes shortly after India banned the import of jute products through land routes, a major blow to Bangladesh’s export sector. The development was formalized during the Pakistan-Bangladesh Joint Economic Commission (JEC) meeting in Dhaka, held after a gap of nearly 20 years, signaling a thaw in relatio

Thousands of Islamists across Bangladesh took to the streets demanding a ban on the International Society for Krishna Consciousness (ISKCON), which they labeled an extremist Hindutva outfit. The rallies, organised after Friday prayers in Dhaka and Chattogram by hardline groups like Hefazat-e-Islam and Intifada Bangladesh, reflect a growing tide of anti-Hindu sentiment in the country. The protestors accused ISKCON of engaging in “subversive and extremist” activities, and called for it

Islamist groups in Bangladesh are mobilising for a massive rally in Dhaka on November 15, demanding that the Ahmadiyya Muslim community be officially declared “non-Muslim,” following Pakistan’s precedent. The rally, organised by the International Majlis Tahaffuz Khatme Nabuwwat and supported by Hefazat-e-Islam, has invited clerics from Pakistan, India, and Saudi Arabia, including leaders from Darul Uloom Deoband. The event has escalated fear within the small Ahmadiyya community, which n

A devastating fire broke out on Tuesday, October 14, in Bangladesh’s capital city, Dhaka, engulfing a garment factory and a nearby chemical warehouse, killing at least nine workers and injuring eight others, according to officials. The inferno began in the chemical storage facility before rapidly spreading to the adjacent garment production unit, authorities from the Fire Service and Civil Defence confirmed. Fire Service Media Wing representative Talha Bin Jasim stated that initia

In a major relief to the Kannada entertainment industry, Karnataka Deputy Chief Minister DK Shivakumar has ordered the lifting of the seal on the Bigg Boss Kannada house, located in Jollywood Studios, Bidadi. This decision comes just days after the Karnataka State Pollution Control Board (KSPCB) issued a closure notice to the premises due to alleged environmental violations. Taking to social media platform X (formerly Twitter), DK Shivakumar stated that he has directed the Deputy Co

The Reserve Bank of India has rolled out a new framework aimed at simplifying and expediting the process of claim settlement for deceased account holders. This step comes after years of confusion caused by different practices adopted by banks, often leaving grieving families struggling with lengthy procedures and paperwork. The new rules mandate that banks must settle claims related to accounts and lockers of deceased customers within 15 days. In addition, nom

Bangladesh’s Chief Adviser Muhammad Yunus sparked a political storm during the UN General Assembly in New York, openly stating that Dhaka’s relations with India have soured since last year’s student protests that toppled Sheikh Hasina. Yunus accused India of providing shelter to Hasina and spreading “fake news” portraying the uprising as Islamist-driven. According to him, this has deepened mistrust between the two neighbors, alrea

The Supreme Court of India highlighted the resilience of the Indian Constitution on Wednesday by drawing comparisons with the ongoing turmoil in neighboring Nepal and Bangladesh. During a hearing of the presidential reference case, a bench headed by Chief Justice of India BR Gavai and Justice Vikram Nath pointed to violent protests shaking both countries. CJI Gavai remarked, “We are proud of our Constitution, see