FINANCIAL INTELLIGENCE UNIT
AI to fuel bumper year for M&A in US power sector
Record power demand and dizzying projections for electricity consumption for AI have made power generation and infrastructure assets, and companies which own them, attractive to energy companies, private equity and other institutional investors.
Amid rise in cyberattacks in US states on iPhone and Android, know what is smishing and why the FBI is alarmed
Smishing earlier used to target smartphone users using fraudulent toll payment notifications. However, scamsters have lately begun using fake delivery service alerts to deceive users into clicking malicious links. The FBI has reportedly advised users to delete any such text messages from their devices.
Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India
A federal financial intelligence unit in India suspects that cryptocurrency is being used for serious criminal activities such as terrorist financing, cybercrime, and narcotics trafficking. They shared their findings with relevant law enforcement agencies, which have taken necessary enforcement actions in some cases. India is planning a regulatory framework for cryptocurrency while monitoring such activities.
As 'Trumpcession' looms, India heads for more volatility, uncertainty
Global markets, including India's Sensex and Nifty, are under pressure due to US recession concerns and Donald Trump's tariff policies. The rupee and various sectors are affected, with uncertainty looming over Indian markets. Reciprocal tariffs threaten economic stability. Key negotiations with the US are ongoing, but volatility and risk aversion could persist in the short term.
Deepinder Goyal’s aviation bet; Rapido’s food delivery plan
Deepinder Goyal is investing in LAT Aerospace, marking his second venture outside Zomato. This and more in today’s ETtech Morning Dispatch.
Now hiring: AI trust roles; Tough road ahead for Tesla
Large Indian tech companies are rapidly hiring for jobs focused on AI safety and trust. This and more in today’s ETtech Top 5.
Coinbase registers with FIU to offer crypto trading services in India
Coinbase announced it plans to launch its retail services later this year and introduce more investments and products after that, though it hasn't given a specific timeline. Coinbase is entering India at a time when interest in crypto is growing, with many young Indians getting involved in cryptocurrency and joining trading academies to boost their regular income.
Coinbase registers with Indian financial watchdog to offer crypto trading services
U.S.-headquartered cryptocurrency exchange Coinbase Global has registered with India's Financial Intelligence Unit (FIU), allowing it to offer crypto trading services in the country, the company said on Tuesday.
Lalit Modi shares post from 'bucket-list' Vanuatu after PM orders cancellation of passport
Hours after Vanuatu's Prime Minister ordered the cancellation of Lalit Modi's passport, the former IPL founder shared photos on social media praising Vanuatu. Modi, who has lived in London since 2010, is wanted by India for embezzlement. Vanuatu’s government revoked his passport following reports he sought citizenship to avoid extradition. India had requested the cancellation based on Modi’s criminal allegations.
Hang Seng ETFs on fire. Should mutual fund investors switch gears?
Hang Seng ETFs have delivered a strong 38.93% return this year, leading global equity funds. Alibaba's Hong Kong-listed shares have surged 74% in 2025, fueled by strong earnings, government support, and advancements in AI. Experts advise balanced investing, with domestic focus and strategic international diversification.
Land allotment to company linked to actress Ranya Rao made in January 2023: KIADB
Karnataka Industrial Areas Development Board (KIADB) clarified that Ksiroda India Pvt. Ltd., linked to Kannada actress Ranya Rao, was allotted 12 acres of land for a steel manufacturing project. Ranya Rao was arrested for smuggling gold at Bengaluru Airport and is currently in judicial custody.
Lalit Modi faces fresh trouble as Vanuatu cancels his passport after Interpol controversy
Vanuatu Prime Minister Jotham Napat has ordered the cancellation of fugitive businessman Lalit Modi’s Vanuatu passport. The decision follows media reports revealing that Interpol twice rejected India’s request for an alert against Modi due to insufficient judicial evidence. Napat emphasised that citizenship in Vanuatu is a privilege, not a means to evade extradition. Meanwhile, India continues legal proceedings and diplomatic efforts to bring Modi to justice.
How Trump's '51st state' Canada talk came to be seen as deadly serious
After Trump imposed tariffs on Canada, Trudeau claimed the move was a tactic to weaken Canada for potential annexation. Discussions revealed Trump's dissatisfaction with trade agreements and even questioning the border treaty. Trump's administration showed interest in revising treaty agreements and military cooperation. Rising tensions reflect a shift in US-Canada relations.
The power of SIP compounding: How working women can build generational wealth
This International Women's Day, learn how systematic investment plans (SIPs) and compound growth can help Indian women achieve financial independence. By investing in a balanced mutual fund portfolio and adjusting investment amounts with salary growth, women can build substantial wealth and secure their financial future.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Five Eyes: The intelligence alliance that keeps the U.S. ahead
Following an intense dispute between Donald Trump and Ukrainian President Volodymyr Zelenskyy, the U.S. has stopped sharing intelligence with Ukraine to increase pressure for peace talks. Meanwhile, France has affirmed continued support, but Britain's aid may be complicated due to the constraints of the Five Eyes alliance.
Malaysia discussing response to US chip tariffs with companies, minister says
The Southeast Asian nation is home to a large semiconductor industry, including top US multinationals such as Intel and GlobalFoundries, and is one of the top exporters of chips to the United States.
US cuts off intelligence sharing with Ukraine, FT reports
The U.S. has halted intelligence-sharing with Kyiv, an action that could significantly affect Ukraine's military operations against Russian forces. Despite this, some reports suggest Ukraine continues to receive intelligence from the U.S., indicating conflicting accounts from different sources.
India expands UK footprint as GBP 41 billion partnership boosts growth
External Affairs Minister S Jaishankar's visit to the UK aims to reinforce the GBP 41 billion India-UK trading relationship. The visit features the announcement of new Indian consulates in Belfast and Manchester and discussions on economic growth, technological innovation, and global challenges.
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