Business

New Delhi: Anil Ambani, younger brother of Mukesh Ambani and chairman of the Reliance ADAG Group, faces renewed challenges as the Enforcement Directorate (ED) has summoned him for questioning in a money laundering case. The summon has been issued for November 14. This development comes shortly after the ED provisionally seized over 132 acres of land at Dhirubhai Ambani Knowledge City in Navi Mumbai, valued at ₹4,462.81 crore, under the Prevention of Money Laundering Act (PMLA). Earlier Asset SeizuresEarlier, the ED had seized 42 properties linked to Reliance Communications Limited (RCOM), Reliance Commercial Finance Limited, and Reliance Home Finance Limited in connection with bank fraud cases. The total valuation of these properties exceeded ₹3,083 crore, bringing the cumulative sei...

** New Delhi: Amid the ongoing U.S. government shutdown, Indian tech leaders have raised serious concerns over the country’s growing dependence on American technology. Sridhar Vembu, founder of Zoho, warned that a sudden disruption in access to platforms like Google, Facebook, Instagram, X, and ChatGPT could severely impact India’s digital infrastructure. He has appealed for a 10-year “National Mission for Tech Resilience” to reduce dependency and strengthen domestic capabilities. Vembu’s warning comes at a time when nations are increasingly leveraging their technological strengths as strategic tools. Just as China has used control over rare earth materials to assert global influence, reliance on U.S. tech giants poses similar vulnerabilities for India. Industry Voices Raise Alarm...