Tag: financial fraud

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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Dr. Reddy’s Laboratories Loses ₹2.16 Crore to Executive Email Spoofing Fraud

Pharmaceutical major Dr. Reddy’s Laboratories Ltd. has fallen victim to a sophisticated cyber fraud involving email spoofing, resulting in a financial loss of ₹2.16...

Germany Shuts Down 1,400 Cybertrading Scam Websites

In a sweeping crackdown on cyber-enabled financial fraud, German authorities — in coordination with Europol and regulators from Eastern Europe — have taken down...

₹1.07 Cr Seized in Lucknow’s Biggest Cyber Fraud Bust

Lucknow Police have uncovered a sprawling online betting scam that led to the seizure of ₹1.07 crore in cash and the arrest of 16...

RBI Asks Banks to Integrate DoT’s Fraud Risk Tool

The Reserve Bank of India (RBI) has issued an advisory asking all banks to integrate the Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator...

India Lost ₹22,812 Crore to Cyber Fraud in 2024

India recorded an alarming ₹22,812 crore in losses due to cyber fraud in 2024, according to a new report titled The State of AI-Powered...

India Launches e-Zero FIR for Cybercrime Cases

In a decisive move to enhance India’s cybercrime response, the Ministry of Home Affairs (MHA) has launched a pilot version of the e-Zero FIR...

Aviva India Fined $7.5M for Tax Evasion

Aviva India, the local arm of the British insurance giant, has been hit with a $7.5 million penalty after tax authorities uncovered fraudulent tax...

RBI Launches ‘Bank.in’ Domain for Indian Banks

The Reserve Bank of India (RBI) has introduced an exclusive ‘.bank.in’ internet domain for Indian banks as part of measures to enhance digital security....