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Indian-origin businessman Bankim Brahmbhatt, founder of the Bankai Group, faces allegations of orchestrating a $500 million loan fraud that has rocked the global private-credit market.

The US court filings claim his firms, Bridgevoice Inc. and Broadband Telecom Inc., obtained loans from investors like BlackRock and BNP Paribas using fabricated invoices and fake client emails.

This alleged scam, which ran for four years, collapsed in mid-2025 after auditors detected irregularities. Brahmbhatt’s firms have filed for bankruptcy, his offices are shut, and his whereabouts remain unclear as investigators probe the widening financial scandal.

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Samsung has expanded Galaxy AI to support 22 languages with the addition of Gujarati and Filipino, enhancing tools like Live Translate, Chat Assist, and Interpreter. Gujarati now becomes the second Indian language after Hindi on the platform.

The update, which began rolling out on October 29, lets users download new language packs via the Settings app.

Developed with Samsung Research centres in India and Indonesia, the expansion highlights the company’s focus on inclusive, localised communication.

Samsung reports that 91% of Galaxy S25 users in India use Galaxy AI, while over 70% globally engage with AI features regularly.

Steelmaker JSW Steel reported a nearly fourfold jump in consolidated net profit to ₹1,623 crore for the quarter ended September 30, compared with ₹439 crore a year earlier.

The sudden rise was driven by higher sales volumes that offset weaker steel prices. Revenue rose 13.8% year-on-year to ₹45,152 crore, while adjusted EBITDA climbed 39% to ₹7,849 crore on lower input costs.

Crude steel output hit a record 7.9 million tonnes, up 17% year-on-year. The company reduced its net debt to ₹79,153 crore and maintained a full-year capex plan of ₹20,000 crore.

Elon Musk’s SpaceX Starship soared once again, touching down gracefully in the Indian Ocean after its 11th test flight. Each launch is not just a technical feat but a testament to human curiosity and ambition, inching us closer to exploring new worlds.

The mission marks a major advance in reusable rocket technology, demonstrating controlled reentry and landing crucial for future crewed missions.

NASA praised the milestone as vital for its Artemis program, aiming to land astronauts near the Moon’s south pole by 2027. This achievement reinforces SpaceX’s position at the forefront of space exploration under a $3 billion NASA contract.

SpaceX’s success fuels hope and excitement for humanity’s next giant leap in space.

Also Read: MapmyIndia’s Mappls App Wins Official Endorsement

India’s homegrown navigation app, Mappls by MapmyIndia, is emerging as a “Swadeshi alternative” to foreign GPS platforms, bolstered by government backing and new features.

CEO Rakesh Verma has urged the Centre to pre-install Mappls on smartphones under the PLI scheme to strengthen data privacy and national security. Used across government sectors, the app offers 3D junction views, toll and traffic alerts, offline access, and multi-language support.

Railway Minister Ashwini Vaishnaw’s endorsement lifted MapmyIndia’s stock 2.26%, while Bengaluru’s integration of real-time traffic countdowns highlights its smart city reach. Mappls now stands as a symbol of India’s secure digital innovation drive.

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Former stock market operator Ketan Parekh’s application seeking permission to travel abroad for four months was opposed by the Securities and Exchange Board of India (SEBI).

Parekh, who was barred from the markets for 14 years for his role in the 2000-2001 securities scam, requested permission to travel to the UK, UAE, Singapore, Thailand, Sri Lanka, South Africa, the European Union and Georgia for a family vacation and to attend two weddings.

SEBI cited Parekh’s “history of misusing” foreign travel permissions to carry out fraudulent trades via WhatsApp groups.