Financial Intelligence Unit detects over Rs 7,800 cr black money, gets record STRs

Last Updated: Sunday, April 26, 2015, 13:10

The total black money detected by FIU stands at Rs 7,848 crore during the last year, a senior Finmin official said who did not wish to be quoted.

Facebook talks up need for virtual reality, big tech bets

Last Updated: Friday, March 27, 2015, 08:56

Virtual reality, artificial intelligence and drones will enable Facebook Inc to create a more lifelike and useful social network, the company said in its clearest explanation so far for technology projects that have puzzled some investors and analysts.

Sebi to beef up IT team for probes, fighting cyber attacks

Last Updated: Tuesday, March 24, 2015, 12:03

These officers will develop data analytics and business intelligence tools, and also manage internal IT security and audit systems to guard against data loss and theft.

RBI refuses to share inspection reports with intelligence agencies

Last Updated: Tuesday, March 3, 2015, 14:35

The Reserve Bank of India (RBI) has refused to share its banks' inspection reports on alleged money laundering laws and other violations with Central Economic Intelligence Bureau (CEIB), citing legal hurdles.

Black money: SIT brings new intel agency on board

Last Updated: Sunday, February 15, 2015, 15:39

"CEIB has recently been appointed as the main coordinating body for the SIT. It is the 12th agency which will work with the SIT on black money, albeit from the sidelines and not as a part of the core panel," said sources.

Softbank to add learning technology to empathetic robot

Last Updated: Tuesday, February 10, 2015, 22:27

Japanese mobile carrier Softbank said on Tuesday it will incorporate artificial intelligence technology from IBM into its empathetic robot Pepper that goes on sale in Japan this month.

DRI issues notice to Vodafone for alleged duty evasion

Last Updated: Saturday, January 10, 2015, 21:34

Anti-dumping duty is levied on distrustfully low-priced imports, so as to protect the domestic manufacturers.

Infosys beefs up innovation fund to $500 million

Last Updated: Friday, January 9, 2015, 17:38

India's second largest software services firm Infosys will expand its 'Innovation Fund' five times to USD 500 million to provide financing to start-ups and new technologies like artificial intelligence.

Seven snoop units abroad to check black money, customs fraud

Last Updated: Sunday, January 4, 2015, 10:36

Seven overseas intelligence units, including two in China, have been proposed to be set up by the government in order to check black money transactions and customs fraud.

UAE-India remittance corridor continues to grow: report

Last Updated: Wednesday, December 24, 2014, 16:40

Stimulated by the low cost of remitting money and the current strength of the dirham over the Indian rupee, strong remittance and investment flows from the UAE to India, signalling clear interest among wealthier NRIs to invest back home, according to a report.

Asia to become world's largest e-commerce market: Report

Last Updated: Wednesday, December 17, 2014, 11:44

Asia is set to surpass North America to become the world's largest e-commerce market this year, according to the Economist Intelligence Unit (EIU).

Cross border tax evasion of Rs 9,951 crore detected in last 3 years

Last Updated: Friday, December 5, 2014, 22:33

The customs field formations, including Directorate of Revenue Intelligence, detected 1,914 cases involving tax evasion worth Rs 4,769.25 crore in 2013-14.