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 Cybercrime: Threat & Mitigation Report 2025. Released by the Global Initiative for Restructuring Environment and Management (GIREM) and Tekion, the report reveals how AI-driven cyber threats have escalated sharply, turning India into one of the most targeted nations globally. With 19.18...

The Securities and Exchange Board of India (SEBI) has published a comprehensive set of FAQs addressing the Cybersecurity and Cyber Resilience Framework (CSCRF) and the Cloud Adoption Framework for its regulated entities (REs). Released on June 11, 2025, this marks a pivotal step in translating complex compliance requirements into actionable guidance for market participants. Industry-led engagement brings clarity Developed with active industry consultation, the FAQs respond...

Infosys BPM, the business process management subsidiary of Infosys, has unveiled a new generation of enterprise AI agents designed to automate and optimise invoice processing. Introduced as part of the company's flagship Infosys Accounts Payable on Cloud solution, the latest update integrates Agentic AI capabilities to move from a human-led, AI-assisted model to a fully autonomous AI-first approach. Powered by Infosys Topaz and Microsoft’s advanced...

Adani Airport Holdings has terminated its partnership with China-based DragonPass just one week after announcing the collaboration. The decision has taken immediate effect, cutting off DragonPass customer access to airport lounges at all Adani-managed facilities across India. DragonPass is a global travel services platform offering access to airport lounges, dining, and concierge experiences. The now-cancelled tie-up was intended to expand the company’s presence in India...

India and the United Kingdom have finalized a historic free trade agreement (FTA) after three years and 14 rounds of negotiations. The deal is expected to significantly enhance bilateral trade, taking it to an estimated $120 billion by 2030. It marks a major milestone in India's post-Brexit global trade strategy and is poised to unlock new opportunities across multiple sectors. According to official announcements, the...

Mahindra & Mahindra Ltd (M&M) has announced that it will acquire a 58.96% stake in SML Isuzu Ltd (SML) for ₹555 crore at ₹650 per share, as part of a strategic move to significantly strengthen its presence in the >3.5 tonne commercial vehicles (CV) segment. The agreement includes the launch of a mandatory open offer in accordance with SEBI Takeover Regulations. This acquisition marks a...

In a significant move to strengthen India’s financial security framework, the Financial Intelligence Unit-India (FIU-IND) and the Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) aimed at enhancing coordination and information sharing for more effective compliance with the Prevention of Money Laundering Act (PMLA) and its associated rules. The MoU was signed in New Delhi by Shri Vivek Aggarwal, Director, FIU-IND,...

The ‘Italy-India Business, Science and Technology Forum’ held in New Delhi saw strong reaffirmation of the growing strategic ties between the two nations. Deputy Prime Minister and Minister of Foreign Affairs & International Cooperation of Italy, H.E. Antonio Tajani, called India “an important country for stability in the Indo-Pacific region” and underlined the importance of trade as a pillar of that stability. The event...

The Indian government has relaxed rules regarding foreign direct investment (FDI) in sectors where it is otherwise prohibited, offering relief to companies like ITC Ltd. According to a clarification issued by the Department for Promotion of Industry and Internal Trade (DPIIT), Indian firms operating in prohibited sectors may now issue bonus shares to their existing foreign shareholders, as long as the shareholding pattern remains...

India’s banking system has returned to surplus liquidity for the first time in three months, thanks to sustained interventions by the Reserve Bank of India (RBI) and improved market conditions. Liquidity Surplus Returns in March According to data, the banking system's liquidity stood at a surplus of ₹89,399 crore on March 30, rising from ₹71,672 crore a day earlier. This marks the first surplus since December...