US conducted countervailing probe on certain Indian goods: Anupriya Patel
The US has conducted countervailing investigations on certain Indian goods, including paper file folders and common alloy aluminum sheet, according to Minister of State for Commerce and Industry Anupriya Patel. The European Commission (EC) has also conducted a similar probe on certain graphite electrode systems. Key Points
Economic TimesAir India Dubai-Delhi flight incident: DGCA orders derostering of entire crew pending investigations
Aviation watchdog DGCA has directed Air India to deroster the entire crew of a Dubai-Delhi flight after a pilot allowed a female friend into the cockpit in late February, according to a senior official. While there was no immediate comment from Air India on the latest development, the airline, on April 21, said it had taken a serious note of the reported incident and that investigations were underway. Key Points
Economic TimesSebi using AI for investigations, says official
In response to a question by PTI on whether Sebi is using AI, Varshney said, we are using Al for investigations... and also using for a lot of things . Key Points
Economic TimesSebi using Artificial Intelligence for investigations, says official
India Business News: The Security Exchange Board of India (Sebi) has been using Artificial Intelligence (AI) for its investigations. Referring to the instances of stock market manipulations, Varshney said adhering to the law will be more beneficial and violation will cause problems. The Securities and Exchange Board of India (Sebi) has been taking action against violators as well as measures to enhance transparency and curb misdoings. Key Points
Times Of IndiaED's searches at corporates may tarnish business prospects, constrict funding access: Fitch
Fitch Ratings said that Indian law-enforcement agencies' investigations could potentially damage a corporate's business reputation and constrict funding access, particularly when there is reduced market confidence, despite no wrongdoing being identified. This warning comes after the recent searches by the Enforcement Directorate at Manappuram Finance. Key Points
Economic Times
Eight booked for duping, issuing threats to man in Atiq’s name
Dhumanganj police have lodged an FIR against eight people, including a lekhpal, for duping a man and issuing threats to him in the name of slain gangster-politician Atiq Ahmad. investigations are ongoing. Key Points
Hindustan TimesNIA chargesheets 3 Pakistan-based LeT men, 2 others in Rajouri attack case
According to the NIA, three of the chargesheeted individuals are LeT handlers, identified as Saifullah alias Sajid Jutt, Mohd Qasim and Abu Qatal, alias Qatal Sindhi. While Abu Qatal and Sajid Jutt are Pakistani nationals, Qasim had exfiltrated to Pakistan sometime around 2002 and had joined the LeT terrorist ranks there. Key Points
Economic TimesBrokers need to be cautious against manipulations in stock market: Sebi
India Business News: Sebi member Kamlesh Chandra Varshney warns brokers about manipulations in the capital market. Sebi is using AI for investigations. Investor participat Key Points
Times Of IndiaED conducts searches at 30 locations in Rs 56,000-cr bank fraud case against Bhushan Steel promoters
The Enforcement Directorate (ED) has conducted search and survey operations at 30 locations, including Delhi NCR, Haryana, Kolkata, Mumbai, and Bhubaneswar, against the promoters of Bhushan Steel Limited (BSL) in connection with a bank fraud of Rs 56,000 crore. The investigation revealed that the promoters and directors of BSL formed several shell companies and rotated funds through a chain of multiple entities. Key Points
Economic TimesU.S. opens investigation into Tesla seat belts coming loose
U.S. highway safety regulators have opened an investigation into complaints that Tesla seat belts may not hold people in a crash, a month after people reported the SUV’s steering wheels came off while being driven. Key Points
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