XHelper App: China’s Silent Scam Network Exposed
XHelper is a malicious Android app that has been found to be the axis of a global money laundering network. It is used by Chinese cybercriminals to recruit and manage money mules in India, who are then used to transfer funds acquired through various scams, such as loan scams, e-commerce scams, illegal gambling apps, etc. […]
Walko Food Secures $20M Funding from Jungle Ventures
Pune-based Walko Food, known for its creamy NIC and Cream Pot brands, has whipped up a refreshing $20 million growth funding from Singapore’s Jungle Ventures. This marks Jungle’s second investment in Walko within a year, solidifying their belief in the company’s potential to become a major player in the rapidly churning Indian ice cream industry. […]
HDFC Life Provides Health Cover for Overseas Indian Students
HDFC Life International, a subsidiary of HDFC Life, one of India’s leading life insurance companies, has launched a comprehensive US Dollar Student Health Insurance Plan, under the plan name ‘Global Student Health Care’. The plan is designed for students who are presently pursuing higher education abroad or aspire to pursue higher international education in the […]
Rolls-Royce Extends Contract with TVS Supply Chain Solutions
Rolls-Royce, a global leader in technology and innovation, has announced that it has extended its contract with TVS Supply Chain Solutions (TVS SCS), a global supply chain solutions provider, for five years until 2029. The contract extension pertains to the advanced Parts Distribution Centre (PDC) located in Singapore, which serves the Asia Pacific markets for […]
India’s FIU Registers PayPal Under Anti-Money Laundering Law
PayPal, the American online payments gateway service provider, has finally registered its operations with the Financial Intelligence Unit of India (FIU-IND), in compliance with the Prevention of Money Laundering Act (PMLA) and the Reserve Bank of India’s (RBI) recent regulatory framework governing cross-border payment aggregators (PA-CB) . This comes after a protracted legal battle between […]
Tech Mahindra 100% Acquisition of Orchid Cybertech for $3.27M
Tech Mahindra, one of the leading IT services companies in India, has announced that it has acquired 100% stake in Orchid Cybertech Services Inc (OCSI), a Philippines-based customer experience firm, for USD 3.27 million (over Rs 27 crore) in an all-cash deal. The acquisition will strengthen Tech Mahindra’s relationship with TPG Telecom, a major Australian […]
Adani Group in Rs 21k Cr Funding Talks with Sovereign Funds
The Adani Group, one of India’s largest conglomerates, is in advanced talks with sovereign funds based in West Asia to raise over Rs 21,000 crore ($2.6 billion) for its airport expansion and green hydrogen projects, according to a report by Business Standard. Airport expansion of Adani Group The Adani Group, which acquired six airports in […]
TVS Mobility, Mitsubishi Corp JV for India’s Vehicle Ecosystem
TVS Mobility, a leading player in the Indian automotive distribution and aftermarket industry, has announced a joint venture with Mitsubishi Corporation, a Japanese conglomerate, to establish a comprehensive vehicle mobility ecosystem in India. The new entity, TVS Vehicle Mobility Solution (TVS VMS), will offer a complete portfolio of services to its customers, including new vehicle […]
RVNL record Order Book of Rs 65,000 Crore, Expands Overseas
RVNL, a public sector undertaking under the Ministry of Railways, has achieved a record order book of Rs 65,000 crore and is expanding its presence in foreign markets. The company, which is involved in project development, financing and implementation of rail infrastructure projects, has diversified its portfolio to include Vande Bharat trains, metro projects, electrification […]
VinFast Secures 400 Acres in Thoothukudi for EV Plant
VinFast, a leading electric vehicle (EV) manufacturer from Vietnam, has secured about 400 acres of land at an industrial estate owned by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Thoothukudi for its first India plant. The ground breaking ceremony for the integrated facility that will manufacture electric cars and batteries is scheduled […]