January 17, 2026

Indian-Origin Businessman Rahul Shah Gets 6 Years for $55M COVID Relief Fraud in Chicago

Rahul Shah, an Indian-origin businessman in Chicago, was sentenced to six years in prison for cheating banks and the US government out of over $55 million in loans and COVID-19 relief funds. He must also pay $23.2 million in restitution.

January 17, 2026

GIFT City Delegation to Attend World Economic Forum in Davos 2026

A GIFT City and IFSCA delegation will participate at the World Economic Forum in Davos from January 19-23. They will discuss banking, fintech, and investment to boost India's financial markets.

January 17, 2026

Trump Proposes 10% Cap on Credit Card Rates to Ease American Debt Burden

US President Trump suggests capping credit card interest rates at 10% to help millions struggling with high debt. Banks warn this could reduce credit access. The debate heats up as borrowers seek relief.

January 17, 2026

Supreme Court Says Tax Treaties Must Serve India’s Interests, Upholds Tiger Global Tax Case

The Supreme Court ruled that tax treaties should protect India's tax sovereignty and not yield to foreign pressure. It upheld India taxing Tiger Global's Flipkart exit gains in 2018. Justice Pardiwala stressed treaties need strong safeguards and national interest focus.

January 17, 2026

Telangana Reports 93,160 Cyber Fraud Cases in 2025 with ₹2,000 Crore Lost

In 2025, Telangana faced over 93,000 cyber fraud complaints costing ₹2,000 crore. Slow bank actions hamper quick fund recovery despite urgent cybercrime alerts.