nanika Editor - The Purbottar

26 Feb

Vedanta Board Clears ₹3,000 Cr Debenture Issue to Strengthen Finances

nanika EditorBusiness

Vedanta Ltd. has approved plans to raise up to ₹3,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The decision was cleared by the company’s committee of directors as part of efforts to strengthen its capital structure and optimize borrowing costs.According to a regulatory filing, the company will issue up to three lakh unsecured, rated, listed, and redeemable NCDs with a face value of ₹1 lakh each, aggregating to a total of ₹3,000 crore. The debentures will be listed on the BSE.Vedanta has witnessed strong investor appetite for its previous debt offerings. A ₹500 million…

25 Feb

Tata Consultancy Services Pushes AI-First Strategy, Even at Risk of Revenue Loss

nanika EditorBusiness

In a bold move that signals confidence in the future of artificial intelligence, Tata Consultancy Services (TCS) has asked its employees to actively adopt AI-driven solutions—even if doing so disrupts the company’s existing revenue streams.At a time when AI is creating anxiety across the IT services sector over billing models and job security, TCS Chief Executive Officer and Managing Director K. Krithivasan has taken a clear stand: embrace change, don’t resist it.Speaking at the 34th Nasscom Technology and Leadership Forum (NTLF), Krithivasan urged employees to inform clients if tasks can be completed “faster, better, and cheaper” using AI—even if that…

24 Feb

RBI Sees ‘No Systemic Issue’ After ₹590-Crore Fraud at IDFC FIRST Bank

nanika EditorFinance

A day after IDFC FIRST Bank disclosed a ₹590-crore fraud involving accounts linked to the Haryana government, Sanjay Malhotra, Governor of the Reserve Bank of India (RBI), said the central bank is closely monitoring the situation and there is “no systemic issue” affecting the broader banking system.Speaking to reporters after the customary post-Budget meeting of the RBI’s central board of directors, the governor stated that while the central bank does not comment on individual banks or regulated entities, it is keeping watch on developments. He emphasized that the incident does not pose any risk to the stability of the financial…

23 Feb

Over Rs 4 Crore Dispute Pushes Mawkhar Presbyterian Church into Crisis

nanika EditorMeghalaya

The Mawkhar Presbyterian Church is grappling with one of the most serious crises in its history following alleged financial irregularities exceeding Rs 4 crore, leading to a sharp fallout with the KJP Synod Sepngi.The controversy began after discrepancies were found in church accounts for the financial years 2016–2019. A reconciliation process in June 2019 revealed inconsistencies between cash records and bank deposits. Initial verification of documents—including cash books, passbooks, deposit slips, and SBI Bara Bazar Branch statements—showed a shortfall of around Rs 2.86 crore.Further disclosures indicated that a portion of the discrepancy had reportedly been known since 2017 during an…

21 Feb

Former FBI Agent Questions Burglary Theory in Disappearance of 84-Year-Old Nancy Guthrie

nanika EditorEntertainment

Jennifer Coffindaffer cites inconsistencies as search for missing Arizona grandmother enters third weekThe mysterious disappearance of 84-year-old Nancy Guthrie has taken a new turn as a former federal investigator publicly cast doubt on the theory that her case was the result of a burglary gone wrong. As the search stretches into its third week, debate continues both online and within the community over what may have happened. Jennifer Coffindaffer, a retired agent of the Federal Bureau of Investigation, questioned the burglary narrative in a detailed post on social media platform X. She argued that several elements surrounding the case do…

20 Feb

Historic Milestone: India and U.S. Seal ‘Pax Silica’ Alliance to Secure Global AI Future

nanika EditorTechnology

In a move set to redefine the global technological landscape, India formally joined Pax Silica—the United States’ premier strategic initiative on Artificial Intelligence (AI) and supply chain security—on Friday. The signing of the "Pax Silica Declaration" took place on the sidelines of the Global AI Impact Summit 2026, signaling a powerful new economic security consensus between the world’s two largest democracies. Launched by the U.S. Department of State in late 2025, Pax Silica (meaning "Silicon Peace") is a strategic framework designed to build a secure, resilient, and innovation-driven supply chain. It focuses on the entire "silicon stack," ranging from critical…

19 Feb

Hyderabad Biryani Check Exposes ₹70,000 Crore Tax Evasion Racket Across India

nanika EditorIndia

A routine inspection of biryani restaurants in Hyderabad has led to the exposure of a massive ₹70,000 crore tax evasion scam spanning across India. What initially appeared to be a standard compliance check soon uncovered widespread manipulation of restaurant billing systems.Investigators found that over one lakh restaurants were using common billing software to record sales. However, many restaurant owners allegedly tampered with the system to underreport income and evade taxes. Officials analyzed nearly 60 terabytes of data from about 1.77 lakh restaurants using advanced digital tools and artificial intelligence.The probe revealed that after customers paid their bills, several transactions were…

18 Feb

Valeo to Invest $236.7 Million in India, Targets Threefold Sales Growth by 2028

nanika EditorBusiness

French automotive supplier Valeo has announced plans to invest over €200 million ($236.7 million) in India over the coming years, aiming to significantly expand its engineering and manufacturing footprint in the country. The announcement coincides with French President Emmanuel Macron’s visit to India, which is expected to strengthen business ties and unlock new commercial agreements.Valeo said the fresh investment is designed to triple its India sales to around €700 million by 2028, positioning the country as a key pillar in its global growth and innovation roadmap. The company plans to enhance its engineering centers and scale up industrial operations to…