The Supreme Court has stepped in to examine a dispute tied to a Rs 375 crore NICSI tender for message gateway services. Karix Mobile alleges that OneXtel secured empanelment using a fraudulent certification, raising questions over compliance in sensitive government IT procurements. The court has sought responses from NICSI and other parties before deciding next steps.
Telugu Bigg Boss fame Ashu Reddy has been booked over allegations of a Rs 9.5 crore fraud tied to an NRI techie’s marriage promise. The complainant claims she received crores for a US education loan, along with a flat, car and gold, and that family members also took money. Reddy has denied the allegations.
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Jaypee Group’s Manoj Gaur has been arrested by the Enforcement Directorate, accused of allegedly siphoning homebuyers’ money. Once a soaring conglomerate that expanded aggressively and reached dizzying heights in the early 2000s, the company now sits in insolvency. The case highlights how financial missteps can rapidly unravel a large business empire.
From Chandigarh to Bengaluru and Jammu to Mumbai, investors and entrepreneurs say Rahul Narvekar’s India Network used a promise of startup growth followed by a sudden disappearance, leaving many with mounting losses. The most striking twist: despite allegations and harmed backers, he continues to be invited as a speaker at startup events, including in smaller towns.
Allegations against Indiabulls Housing Finance and its former promoter Sameer Gehlaut—including evergreening of loans, kickbacks, share manipulation and roundtripping—have lingered for years without traction. Now, a fresh Supreme Court communication could revive attention and accelerate the stalled proceedings. The big question: will this latest move finally turn old claims into actionable scrutiny?
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