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    Odisha Police busts cybercrime syndicate, arrests seven persons
    Dependence on critical technologies and machinery being weaponised in rapidly changing world: Modi
    Net direct tax kitty swells 9 pc to Rs 18.4 lakh cr on slower refunds, higher corp tax mop-up
    KP Group pledges Rs 4,000 cr investment in Gujarat
    TCS Q3 profit drops 14 pc to Rs 10,657 cr; headcount dips another 11,000
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January 12, 2026
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Cybercrime syndicate allegedly ran mule bank accounts using forged IDs to launder proceeds, prompting seven arrests.
Organised syndicate allegedly procured and operated bank accounts in others' names, activated SIM cards and forged identity documents to create mule accounts sold or rented to cybercriminals; linked to around 200 cybercrime complaints. Seven arrests were made and numerous financial and identity items seized; a case was registered under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act, and investigations continue to identify further members and possible inter state and international links.
January 12, 2026
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India-Germany partnership to secure trusted, resilient supply chains and deepen technology cooperation across defense, semiconductors and green energy.
India and Germany will strengthen trusted and resilient supply chains and transform their seamless economic relationship into a technology partnership, deepening cooperation in semiconductors, defence co-innovation and co-production, space, quantum computing, cybersecurity, biotech and green energy manufacturing, supported by policy measures to promote manufacturing in India, reduced compliance, improved ease of doing business, and broader trade and investment facilitation.
January 12, 2026
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Income tax collections rose 8.82% to Rs 18.38 lakh crore, driven by corporate tax mop up and slower refunds.
Net direct tax receipts grew about 8.82% to roughly Rs 18.38 lakh crore to January 11, driven mainly by higher corporate tax mop up and slower refund disbursements, increasing the government's net tax position without indicating substantive policy changes.
January 12, 2026
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Net direct tax collections rose due to slower refunds and stronger corporate tax receipts through Jan 11.
Net direct tax receipts rose 8.82% to Rs 18.38 lakh crore through January 11, mainly because refunds fell 17% to Rs 3.12 lakh crore and corporate tax collections increased 12.4% to Rs 8.63 lakh crore; non corporate receipts rose 6.39% to about Rs 9.30 lakh crore while gross direct tax collection was about Rs 21.50 lakh crore.
January 12, 2026
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KP Group pledges Rs 4,000 crore investment in renewable energy projects in Gujarat under MoU.
A memorandum of understanding between KP Group and the Gujarat government proposes establishment of renewable energy projects totaling approximately 855 MW, comprising solar and ISTS connected wind solar hybrid projects across locations including Devbhumi Dwarka and Kutch (Bhuj), with a total proposed investment of about Rs 4,000 crore; the MoU was signed on January 12, 2026 at Rajkot and disclosed via an exchange filing.
January 12, 2026
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TCS: new labour codes caused a Rs 2,128 crore statutory impact, mainly gratuity and leave encashment provisions.
Implementation of the new labour codes triggered a one time statutory impact of Rs 2,128 crore, with over Rs 2,100 crore set aside-about Rs 1,800 crore for gratuity and Rs 300 crore for leave encashments-creating a 0.10-0.15 percentage point ongoing margin drag and reducing reported profit for the quarter.
January 12, 2026
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India-Germany strategic partnership expands defence collaboration, supply chain security, trade ties, visa free transit, and skilled labour mobility.
India and Germany signed 19 pacts establishing a roadmap for defence industrial collaboration, mechanisms to secure supply chains for critical minerals and semiconductors, and a skill partnership to enable mobility of Indian healthcare professionals, alongside a visa free transit arrangement and a higher education roadmap to deepen trade, technology, and people to people links.
January 12, 2026
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US aggression on Venezuela condemned; Indian opposition urges government to assert independent foreign policy and express solidarity.
Opposition parties adopted a resolution condemning US military aggression against Venezuela as a violation of national sovereignty and international law, characterising it as imperialist, resource-driven intervention to seize oil. The resolution expresses solidarity with Venezuela, Cuba and Palestine, criticises the Indian central government's muted response as "subservient" to US pressure, and demands that India assert an independent foreign policy and explicitly condemn the US actions.
January 12, 2026
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Essar to set up a Rs 5,100 crore bio-fuel complex in Gujarat with 1 MTPA capacity and SEZ status.
Essar Future Energy signed a Memorandum of Understanding with Gujarat to establish a large-scale bio-fuel complex in Devbhumi Dwarka as an SEZ, proposing Rs 5,100 crore investment, 1 MTPA feedstock processing capacity, expected operations by 2029, and around 350 direct jobs, targeting decarbonization of aviation, shipping and road transport.
January 12, 2026
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ED raid on I-PAC accused of seeking political information and selectively targeting TMC-linked digital operations ahead of 2026 polls.
Abhishek Banerjee asserts the ED's January 8 searches at I-PAC and at its Kolkata director's residence were aimed at appropriating internal political data rather than conducting a bona fide money laundering probe. He alleges selective targeting of the Bengal office despite I-PAC's multi-state presence and links the action to I-PAC's assistance during the Special Intensive Revision of electoral rolls. The ED counters with allegations of obstruction and removal of documents and has sought a CBI probe in the Calcutta High Court.
January 12, 2026
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Federal Reserve subpoena threat risks undermining central bank independence and rattling financial markets, raising borrowing cost concerns.
The Department of Justice served subpoenas on the Federal Reserve and threatened a criminal indictment over Chair Powell's testimony about Fed building renovations, a move Powell called a pretext to undermine central bank independence; markets reacted with equity declines, rising Treasury yields, and sharp losses among bank and credit card stocks, while political proposals and statements intensified regulatory uncertainty for financial institutions.
January 12, 2026
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Union Budget presentation scheduled for February 1; Economic Survey to follow the presidential address, with committee scrutiny planned.
The Union Budget will be presented in Parliament on February 1, officially designated as Budget Day. The Finance Minister will deliver the General Budget in the Lok Sabha, and the Economic Survey is expected to be presented in both Houses following the President's address. The parliamentary calendar provides sittings and a recess expressly to permit committee scrutiny and detailed legislative consideration of Budget proposals.
January 12, 2026
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Public sector banks appeal stay on fraud classification after dispute over forensic audit qualifications and seek quashing of interim order
Three public sector banks appealed an interim order staying their action to classify accounts as fraud classification, contending a BDO LLP forensic audit validly found fund siphoning and misutilisation justifying classification; Ambani had challenged the audit's validity based on auditor qualification and secured a stay on the banks' actions as allegedly violating RBI guidelines, and the banks seek to quash that interim order to enable enforcement of remedial measures.
January 12, 2026
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Rupee edges higher as weak dollar and trade talks offset RBI reported decline in forex reserves.
Rupee settled marginally higher at about 90.17 per US dollar, supported by a weaker dollar, falling crude prices and progress on US India trade talks, while geopolitical volatility limited gains. The Reserve Bank of India reported a USD 9.809 billion decline in forex reserves to USD 686.801 billion, a regulatory datum watched for its implications on market liquidity and intervention under the FEMA/RBI framework.
January 12, 2026
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Bangalore airport reported 8% passenger growth to 43.82 million and expanded international connectivity in 2025.
Bangalore International Airport recorded an 8% rise in passenger traffic to 43.82 million in 2025 and a 5% increase in cargo throughput to 520,985 metric tonnes, with sustained growth in flight activity, expanded international departures and network reach to 113 passenger and 37 cargo destinations, prompting BIAL to prioritise further connectivity, airline partnerships and capacity scaling.
January 12, 2026
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Reclaimed Mumbai Coastal Road land must remain open to the public; no residential or commercial development permitted.
Reclaimed land along the Mumbai Coastal Road (South) is to remain ordinarily open for public use, with exceptions only for specific development or maintenance activities; the reclaimed areas, including portions proposed for corporate social responsibility landscaping, must not be used for residential or commercial purposes now or in the future, while landscaping of the promenade and medians and targeted upkeep remain permitted.
January 12, 2026
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ASME Foundation India will host EFx India 2026 at LNMIIT Jaipur from Jan 16-18, 2026.
ASME Foundation India will host EFx India 2026 at the LNM Institute of Information Technology, Jaipur, from January 16-18, 2026. The three day festival brings together engineering students, academicians and industry professionals-with 55 student teams from 19 states registered-to promote innovation, hands on learning, real world problem solving and strengthened industry-student collaboration. The event is supported by GAIL and The Welding Institute (TWI) and returns to LNMIIT Jaipur after 2017.
January 12, 2026
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India-US relations focus on active trade negotiations and an invitation to a critical minerals and AI partnership.
US engagement with India focuses on finalising an active bilateral trade negotiation, with both sides "actively engaged" and a follow-up call scheduled, framing talks around economic reciprocity and fair trade standards. The ambassador also invited India to join a US-led initiative on critical minerals and artificial intelligence, positioning multilateral technology and supply-chain cooperation alongside efforts to resolve tensions arising from recent tariff and immigration measures.
January 12, 2026
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Drinking water quality in Haryana is deteriorating; calls for immediate testing, safe supply and official accountability.
Drinking water quality in Haryana is deteriorating with TDS, fluoride and nitrate levels exceeding permissible limits in many areas; contaminated supply and polluted groundwater are linked to rising stomach, bone, kidney, skin diseases and alleged cancer cases. The report asserts failure to install effective purification or alternative safe supplies, claims departmental responsibility-shifting, and demands immediate provision of safe drinking water, regular testing of sources, and accountability for officials responsible for the lapse.
January 12, 2026
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Net direct tax collections rose 8.82% to Rs18.38 lakh crore; refunds down 17% and government projects Rs25.20 lakh crore target.
Net direct tax collections rose 8.82% to Rs 18.38 lakh crore through January 11, comprising over Rs 8.63 lakh crore from corporate tax and Rs 9.30 lakh crore from non-corporates. Securities Transaction Tax receipts were Rs 44,867 crore and refunds fell 17% to Rs 3.12 lakh crore; gross direct tax collections were about Rs 21.50 lakh crore. The government projects direct tax receipts of Rs 25.20 lakh crore for fiscal 2025-26 and an STT target of Rs 78,000 crore.

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Infosys and ATP Unveil 'Ally', an AI Chatbot to Elevate Fan Experience, and Announce Extension of Partnership Through 2028

January 12, 2026

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Ally, powered by Infosys Topaz™, will further boost the tennis experience with humanized, intelligent fan interactions BENGALURU, India, Jan. 12, 2026 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, and ATP, global governing body of men's professional tennis, today announced the launch of Ally, an AI-powered chatbot, to further enhance fan engagement and bring the tennis community closer to the sport. Building on their decade-long relationship, Infosys and ATP also announced an extension of their partnership through 2028, furthering efforts to enrich the tennis ecosystem with cutting-edge digital solutions. As ATP's Digital Innovation Partner since 2015, Infosys has been instrumental in developing ATP's digital platforms, including ATP PlayerZone, the ATP Stats Centre, and the ATP app. Infosys Logo Ally is powered by Infosys Topaz, an AI-first offering using generative AI technologies. It offers real-time insights to fans, answering questions on match statistics, tournament draws, schedules, and more. Users can also access head-to-head comparisons, player stats, and historical records. Designed for tennis enthusiasts (fans and journalists), players and coaches, Ally delivers clear, concise information while enabling intelligent, interactive conversations for a seamless experience. Through continuous learning mechanisms, Ally intelligently refines its responses over time, ensuring the platform's capabilities evolve in step with the growth of the tennis ecosystem. Integrated with the ATP Stats Centre, Ally ensures fact-checked responses and maintains safety and compliance through robust guardrails like content filtering, personally identifiable information (PII) removal, and contextual checks to detect and prevent misinformation and hallucinations, enabling a safe and positive user experience. Infosys and ATP have also, in 2025, launched Version 2.0 of Carbon Tracker, the award-winning sustainability initiative to help players measure and reduce their travel emissions on tour. Since launching in 2023, more than 300 players have engaged with the tool, tracking 2.3 million kilometers of travel and offsetting 585 tonnes of carbon in 2025 alone. Chris Dix, ATP Chief Technology Officer, said: "Over the past decade, Infosys has played a key role in strengthening our sport through digital solutions. As AI and data become increasingly central to how we operate, we're excited to use these capabilities to deliver more in-depth and innovative experiences for our players and fans. Ally marks the next step on this journey, using AI to reshape how fans can follow the game and making tennis more interactive and accessible for all." Sumit Virmani, Chief Marketing Officer, Infosys, said, "With Infosys Topaz and our deep expertise in AI, we are making tennis more accessible and engaging for every fan, not just seasoned followers. Ally marks a shift from passive viewing to truly interactive participation, creating a space where even casual fans can connect with the sport through natural, intuitive conversations. This is about using AI to simplify complexity, spark curiosity, and bringing the joy of tennis closer to millions around the world." Visit ATPTour.com to discover how Ally can bring you closer to the action. About ATP As a global governing body of men's professional tennis, the ATP's mission is to serve tennis. We entertain a billion global fans, showcase the world's greatest players at the most prestigious tournaments, and inspire the next generation of fans and players. From the United Cup in Australia, to Europe, the Americas and Asia, the stars of the game battle for titles and PIF ATP Rankings points at ATP Masters 1000, 500 and 250 events, and Grand Slams. All roads lead towards the Nitto ATP Finals, the prestigious season finale held in Turin, Italy. Featuring only the world's top 8 qualified singles players and doubles teams, the tournament also sees the official crowning of the year-end ATP World No. 1, presented by PIF, the ultimate achievement in tennis. For more information, please visit www.ATPTour.com About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence ("AI"), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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