India’s big crackdown! 20 export houses under scanner for illicit Pakistan trade using UAE route; trade-based money laundering suspected

The investigating authority is specifically examining transactions over the previous 14 months. (AI image) India cracks down on suspected goods trade with Pakistan! The Financial Intelligence Unit (FIU) of India is investigating approximately 20 export houses suspected of engaging in illicit money transfers with Pakistan through the UAE corridor.These export houses are being suspected for…

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Support to Pakistan costs Turkey, Azerbaijan as Indians shift out weddings, corporate events

India’s wealthy families and non-resident Indians are increasingly steering clear of Turkey and Azerbaijan for weddings and corporate events, amid rising tensions tied to those countries’ perceived support for Pakistan.Planners say several high-profile weddings and corporate events have already been rescheduled or relocated, dealing a blow to the region’s lucrative destination events business. Event managers…

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BSE share price crash: Why has the stock plummeted 67% in a day?

This is BSE’s second bonus share issuance in its history, with the previous distribution occurring in March 2022. (AI image) BSE share price crash: BSE Ltd. shares dropped significantly by 66.6% during Friday’s trading session as the stock started ex-bonus trading, following the implementation of the organisation’s 2:1 bonus distribution.The company’s earlier announced 2:1 bonus…

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Gross FDI increases 14% to $81 billion in FY25

NEW DELHI: Gross foreign direct investment (FDI) into India rose 13.6% to $81 billion during the last financial year, the fastest pace of expansion since 2019-20.The increase in the year was despite a contraction seen during the fourth quarter of 2024-25 when inflows on a gross basis declined 6% to $17.9 billion, probably due to…

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