The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998. The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to

A major legal battle is unfolding as Gautam Adani, the Indian business magnate, and several of his associates face a $265 million bribery charge in the United States. This indictment, which also implicates his nephew Sagar Adani and executives from an Indian renewable-energy company, is raising significant questions about the extraterritorial application of US laws, especially since those involved do not reside in the US. Prominent Indian-American attorney Ravi Batra highlighted the

1. App and Website Cloning Ever downloaded an app or visited a website that looked exactly like the real thing? Scammers are replicating popular platforms to steal sensitive information or infect devices with malware. Safety Tip: Download apps only from official stores like Google Play or the Apple App Store. Double-check URLs before entering personal details. 2. Fake Package Delive

The Solar Energy Corporation of India (SECI) has issued a show-cause notice to Reliance Power Ltd. for allegedly submitting a fake bank guarantee in a recent tender bid. The bid, submitted by Reliance NU BESS, a subsidiary of Reliance Power, was for the establishment of a 1,000 MW/2,000 MWh energy storage system. SECI’s investigation revealed that the bank guarantee, purportedly issued by FirstRand Bank’s Manila branch, was fraudulent, as no such branch

Not so long ago, former MP from YCP, Raghu Rama Krishna Raju, faced a tumultuous period in Andhra Pradesh, enduring threats of arrest and harassment from ex CM Jagan Mohan Reddy. Despite being a sitting MP, RRR was arrested by AP CID and subjected to torture, highlighting the extent of political vendetta he had to endure. However, RRR refused to succumb to Jagan's oppression and strategically made his move by joining TDP ahead of the 2024 polls. Winning Undi with a significant majo

The Andhra Pradesh Finance Minister, Payyavula Keshav, presented a Budget of Rs 2,94,427 crore for the financial year 2024-25, marking a 5.40% increase from the previous year. The budget allocation includes Rs 2,35,916 crore for revenue expenditure and Rs 32,712 crore for capital expenditure. The estimated revenue deficit is around Rs 34,743 crore, with a fiscal deficit of approximately Rs 68,742 crore, accounting for 4.19% and 2.12% of the Gross State Domestic Product (GSDP) respectively.

Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project. The Incident: Fake Bank Guarantees in SECI Tender

Andhra Pradesh Chief Minister N. Chandrababu Naidu has expressed his heartfelt congratulations to JD Vance for his victory as US Vice President-elect, calling it a historic moment not only for the United States but also for the Telugu community worldwide. Naidu particularly highlighted the significance of Usha Chilukuri Vance, Vance’s wife, who is set to become the first Second Lady of the United States of Telug

Hyderabad City Police Commissioner CV Anand has enforced Section 144 across Hyderabad, Secunderabad, and Cyberabad for a month to maintain law and order, restricting public gatherings such as protests, rallies, and meetings unless authorized by the police. This decision has sparked criticism from the public, prompting the commissioner to clarify its intent. In a recent statement on X, CV Anand emphasized that the enforcement is not a curfew but a measure to empower police stations t

Telangana's political landscape is currently marked by volatility, with escalating tensions and a series of significant developments. Ponguleti Srinivas Reddy has indicated that multiple arrests are imminent in the coming days, coinciding with a police raid at the farmhouse owned by KTR's brother-in-law, heightening concerns about potential unrest. In response to the growing political unease, DGP CV Anand announced the enforcement of Section 144 in Hyderabad, effective from

Former Chief Minister YS Jagan Mohan Reddy's investment in security for his official residence in Tadepalli has come under fire due to the staggering cost of ₹12.85 crore for iron fencing. This expenditure, funded by the state exchequer, has drawn scrutiny from political opponents, particularly Nara Lokesh. Lokesh publicly criticized the spending, sharing the government memo that authorized the allocation from the state treasury. He accused Jagan of misusing public funds for p

Maldives President Mohamed Muizzu's state visit to India represents a pivotal moment in the relationship between the two nations, particularly following recent diplomatic tensions caused by derogatory remarks made by Maldivian ministers about Prime Minister Narendra Modi. During his visit, President Muizzu proposed a Rs 3,000 crore currency swap deal aimed at bolstering the Maldives' foreign exchange reserves amid ongoing economic challenges. Foreign Secretary Vikram Misri b

In a decisive move to safeguard citizens' sensitive information, the Indian government has blocked several websites found to be exposing personal identifiable information, including Aadhaar and PAN Card details. This action follows a report from the Indian Computer Emergency Response Team (CERT-In), part of the Ministry of Electronics and Information Technology, which identified significant security flaws on these sites. The official statement highlighted the government's co

Andhra Pradesh's Path to Growth: Andhra Pradesh is set to play a pivotal role in India's growth over the next five years under the seasoned leadership of Chandrababu Naidu. Renowned for his forward-thinking policies and introduction of pioneering technologies, Naidu's leadership is expected to steer the state toward significant advancements. With a recent assembly election victory, the NDA government aims to restore and surpass Andhra Pradesh's p

In a significant development amidst ongoing political discourse, the TDP coalition government has received preliminary reports from IIT Chennai and IIT Hyderabad confirming the integrity of various building foundations in Amaravati. These buildings, which have been exposed to fluctuating water levels and weather conditions over the past five years under YCP rule, include crucial structures such as the High Court, Secretariat, and departmental offices. Experts from both IITs were tas

Veteran politician and former Rajya Sabha MP Sitaram Yechury has passed away at the age of 72 after a prolonged battle with illness. Yechury, who had been admitted to AIIMS Delhi for treatment of an acute respiratory tract infection, succumbed to his condition despite receiving intensive care. His health had been declining over the past few days, and despite the efforts of a team of multidisciplinary doctors, he could not recover and was declared dead. Sitaram Yechury, who succeeded

The September 11, 2001, terrorist attacks, orchestrated by Al-Qaeda, profoundly transformed the global landscape. Nineteen terrorists hijacked four planes, leading to the destruction of New York’s Twin Towers, the Pentagon in Washington D.C., and the crash of United Flight 93 in Pennsylvania. This catastrophic event resulted in nearly 3,000 deaths and prompted immediate and sweeping actions by the United States, including the invasion of Afghanistan to dismantle Al-Qaeda and oust the Ta

The TDP government is set to reintegrate and expand the role of volunteers previously active during the YCP administration. Chief Minister N. Chandrababu Naidu has announced a significant increase in the honorarium for these volunteers, raising it from Rs 5,000 to Rs 10,000 per month. This move aims to recognize their pivotal role and ensure their continued involvement in government activities. Under the new plan, volunteers will not only handle the distribution of pensions but will

One significant action from the previous government that even YS Jagan Mohan Reddy might agree needs correction is the closure of the Anna Canteens. Established in 2017, these canteens were designed to offer subsidized meals at just 5 rupees per meal to the poor and needy across Andhra Pradesh. However, the scheme was halted in 2019 under Jagan Mohan Reddy’s administration. Reopening these canteens has been a central promise in Chandrababu Naidu’s election manifesto, and he