Vaishnavi Mishra
ED attached 31 properties valued at ₹581.65 crore belonging to Reliance Home Finance Limited and Reliance Commercial Finance Limited, firms linked to Reliance Group Chairman Anil Ambani. Attached properties are in the form of land parcels situated across India. The cumulative attachment has reached ₹16,310 crore. This follows search operations conducted in the case of Reliance Power under FEMA.
Mar 12th, 2026

Vaishnavi Mishra
CBI arrested Gurugram-based Darwin Labs' CTO Ayush Varshney in the ₹20,000-crore GainBitcoin cryptocurrency scam. Authorities detained him at Mumbai airport while he was trying to flee the country. Darwin Labs is accused of developing the entire technological infrastructure for the GainBitcoin Ponzi scheme, including the Bitcoin Payment Gateway. This is the first arrest by the agency in the case.
Mar 12th, 2026

Tesla CEO Elon Musk announced that the "Digital Optimus" AI project works on all cars equipped with AI4 hardware. He stated these cars can perform office work when not driving. Musk also revealed Tesla is deploying millions of dedicated units at Superchargers. Shares fell over 2% in morning trade, while retail sentiment remained "extremely bullish" on Stocktwits.
Mar 12th, 2026

Pravel Jain
LVMH CEO Bernard Arnault, who controls Paris FC, is the world's richest sports team owner in 2026 with an estimated net worth of $171 billion, according to Forbes. He is followed by Walmart's Rob Walton (Denver Broncos, $146 billion) and Steve Ballmer (Los Angeles Clippers, $126 billion). Only owners controlling teams through holding companies were included in the list.
Mar 12th, 2026

Polar Power (POLA) stock jumped about 20%, hitting its 200-day moving average (DMA) for the first time since January and extending a 60% four-session rally. Retail traders turned extremely bullish, citing contracts in military power systems and EV charging, despite the company previously reporting weak sales and losses.
Mar 12th, 2026

The Trump administration is reportedly planning 30-day waivers to suspend the Jones Act as crude oil prices surge above $100 per barrel amid the Iran conflict. The move would allow foreign tankers to transport fuel to US East Coast refiners, aiming to ease supply pressures and stabilise energy markets.
Mar 12th, 2026

Ashley Paul
A US court has found Indian-origin brothers Bhaskar and Arun Savani guilty of running multiple scams, including H-1B visa and healthcare fraud, money laundering and tax evasion. The brothers, who ran the scams via Savani Group, together face 835 years in prison. The duo evaded $2.7-million tax, used unsafe dental implants without customers' knowledge and even filed fake visa applications.
Mar 12th, 2026

Vaishnavi Mishra
Shares of household appliance companies rose up to 14% on Thursday as sales of induction cooktops and electric kettles surged amid ongoing concerns around LPG supply. Shares of Jaipan Industries, TTK Prestige and Greenchef Appliances rose 14%, 8.3%, and 4%, respectively. Tata Group's Croma said it observed a threefold jump in demand for induction cooktops over the past few days.
Mar 12th, 2026

DXST stock falls 38% premarket after announcing a 1-for-25 reverse stock split to meet Nasdaq listing requirements. The split, effective March 16, will consolidate shares and reduce the total outstanding. The move follows the stock trading below $1 for over a month. Shareholders had previously approved a reverse split range.
Mar 12th, 2026

Ashley Paul
German startup SWARM Biotactics is developing 'cyborg' cockroaches that carry backpacks containing AI hardware and look like tiny tanks. SWARM made the bioelectronic insects using neural interfaces to remotely control live cockroaches, which can reach places humans and drones can't. NATO forces, including the German armed forces, are reportedly already field-testing the cockroaches.
Mar 12th, 2026

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