Author: Punit Panchal

New Delhi: Bank of America will be facing over $1.21 billion in federal fines for failing to report more than $5 billion in suspicious transactions and not properly addressing weaknesses in its anti-money-laundering systems. The action, announced Tuesday, is the largest in Treasury Department history of the three, and a third-largest fine in its history. The lion’s share is a $1.2 billion fine from the Financial Crimes Enforcement Network (FinCEN), a Treasury department bureau that upholds anti-money laundering regulations. Three penalties, one headline figure The overall $1.21 billion figure includes the total of several actions. FinCEN’s $1.2 billion evaluation also…

New Delhi: The government is mulling massive changes in taxing policy of Indian equity investors. Measures are being taken to listen to stakeholder suggestions for the deduction of long-term capital gain tax on equities and the Securities Transaction Tax (STT), Finance Minister Nirmala Sitharaman stated at the 55th online edition of the ‘inventive’ village innovation festival.The Centre is willing to consider the views of the stakeholders on two key issues: LTCG tax removal on equities and change in Securities Transaction Tax (STT), Minister of State for Rural Development (MSRDs) Anant CEO said at the 55th online edition of the ‘inventive’…

New Delhi: The fourth-generation Apple TV 4K was announced Tuesday at the company’s “Welcome home” event, and preorders are open now. Units ship November 13. That’s two weeks later than the October 30 date Bloomberg’s Mark Gurman floated before the event, so the leaks got the box right but the calendar wrong. The box looks the same as before. The changes are inside. It runs on Apple’s A19 chip, which Apple says gives 50% more CPU performance and double the GPU performance of the last model. The more practical addition is a dedicated AV1 decoder. AV1 is a video codec…

New Delhi: The hillside above Visakhapatnam has been cleared of all its vegetation with only the red earth remaining and has been scaled into steps. It’s here that Google’s heaviest investment in India is unfolding. It’s a scene in the city, very different from the one up here: it’s banners, beach rallies, and an increasing call to play pause. The pitch The project is reportedly built by the Adani Group and is touted to be an AI and data centre project valued at $15 billion. Earlier the Andhra Pradesh Cabinet approved it in October 2025. Google labels it a multi-decade…

New Delhi: CMF has launched its first portable speakers, the Speaker S and Speaker M. The S costs $59 in the US and the M costs $109, with UK prices set at £49 and £99. That’s well under the roughly $80 and $120 a Sri Lankan retailer listed a few days ago. The pricing isn’t the only thing that changed. The leak had the Speaker S at 12W, 40mm drivers and IP54 splash resistance. The official versions are rated at 10W and 35W, carry IP68 and use Bluetooth 6.0. Leaked specs often turn out wrong, but they rarely turn out…

New Delhi: Qualcomm’s Snapdragon 8 Elite Extreme Gen 6 and MediaTek’s Dimensity 9600 Pro both arrived in September, and both are built on TSMC’s 2nm N2P process. Phone chips have sat on 3nm for three years, so this is a real jump. Qualcomm also changed the name again. “Extreme” is now part of it, which feels a bit like shouting. Gizmochina ran both chips through Geekbench 7 and AnTuTu, using the Xiaomi 18 Pro Max for Qualcomm and the Vivo X500 Pro Max for MediaTek. Those are different phones with different cooling, so the numbers are a guide and nothing…

New Delhi: It was Bitti Bai Kondar, with mud smeared on her face, knee-deep in the Ken River, visibly bound to her land and her lands that the family have farmed on for over a century. She is one among hundreds of tribal populations outraged by one in a series of government schemes to connect India’s rivers, which is projected to cost $87 billion. Her four grown sons are demonstrating along with the rising flood waters in Kondar’s village. In recent years, many women also have died on simulated pyres to demonstrate disrespect. These protesters refuse to leave their homeland…

New Delhi: Elon Musk has sent his public feud with Starlink’s late launch in India into overdrive.Elon Musk has brought his public feud with Starlink’s late launch in India to a head. He outright and sarcastically attacked the CEO of Reliance Industries, Mukesh Ambani, in an open letter on X, and then sent out the media reports on the Reliance-associated political spending. In the post, basically addressed to Prime Minister Ambani, Musk apologised for his initial mistake in not knowing that Ambani was the “real boss of India.” He demanded that Ambani give Starlink a chance to compete when its…

New Delhi: South Africa’s judge and human rights activist Navanethem “Navi” Pillay has been awarded the 2026 Nobel Peace Prize for her efforts to ensure the prosecution of war crimes, crimes against humanity and genocide. In the Oslo announcement on Friday, it was 125 times since this prize has been awarded. Pillay, 85, is being celebrated for having occupied the institutions that seek to bring the perpetrators of the most grievous crimes to justice. This statement to the world, the committee said, there are more wars and conflicts in this world than it has seen in a long time, and…

New Delhi: Foldables have been around for about seven years, and it took Apple’s iPhone Duo to get everyone talking about them again. Vivo clearly noticed. The X Fold 6, launched in India this week, is being compared to Apple’s phone almost by default, and on paper Vivo has a decent case. Start with the number that jumps out: a 6,900 mAh battery. That’s big for any phone, and unheard of in a foldable. In daily use the reviewer got more than a day out of it, and sometimes a day and a half, while shooting plenty of photos, playing…