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Business Upturn
18 hours ago
- Business
- Business Upturn
LTIMindtree shares in focus as company leads race for Rs 1,435 crore PAN 2.0 project
By Aditya Bhagchandani Published on June 2, 2025, 15:21 IST Shares of LTIMindtree Ltd remained in focus on Monday after reports suggested the IT firm is the frontrunner to bag the ambitious ₹1,435 crore PAN 2.0 project from the Income Tax Department. The stock closed marginally higher at ₹5,071, up 0.041% from its previous close of ₹5,068.90. The PAN 2.0 initiative involves complete overhaul and digitization of the PAN system, including design, development, implementation, operations, and maintenance of a unified platform. The project is aimed at making PAN a common business identifier across all specified digital government systems, boosting ease of compliance and streamlining services. Protean, a major current service provider, is also in contention but reports indicate LTIMindtree may have the edge in the bid evaluation process. According to the Request for Proposals (RFP) issued by the ITD, the Managed Service Provider will be responsible for creating a single digital portal enabling paperless operations, efficient grievance redressal, and seamless PAN services. The outcome of this ₹1,435 crore bid could prove pivotal for LTIMindtree's public sector vertical and digital transformation credentials. The market will be closely watching further developments in this regard. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
a day ago
- Time of India
Identity theft: Three loans, Rs 10 lakh on credit cards using IIT Bombay engineer's credentials
Identity theft: Three loans, ₹10Lakh on credit cards using IIT engineer's credentials MUMBAI: A project engineer, working at IIT Powai, was shocked to learn that three fraudulent loans totalling Rs 4 lakh were procured using his credentials. Furthermore, four credit cards issued in his name were used for 156 transactions to shop and make online purchases worth Rs 10 lakh between Jan 8 and 19, all without his knowledge. The West Cyber police filed a case against an unidentified individual on May 28 for the identity theft . The victim became aware of the fraud when 3 lending organisations contacted him for loan payment. He then checked his CIBIL score to discover the dues. The victim later discovered that his Aadhaar card, PAN card, and banking information had been compromised. "Probe is on to find out why the complainant did not receive any alerts from the financial institutions when the loans were issued," said a cop. The team is gathering information to find out who has misused the engineer's confidential data to get the loans and also the credit card details. Probe is also on find out when four credit cards issued in his name were used to do online purchases,' said a West region cyber police officer. The deception first surfaced on Feb 20 when Credito20, a financial company, contacted the victim regarding an unpaid EMI for a Rs 13,500 loan. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esse novo alarme com câmera é quase gratuito em Juvenília (consulte o preço) Alarmes Undo According to the complainant's FIR, 'When I informed the institution that I have not taken any loan, they provided me my Aadhaar card, PAN Card, and my banking details that were used in availing the loan and carrying out fraud with the four credit cards.' Upon checking his CIBIL score, he was shocked to discover two additional loans: Rs 3 lakh from Punawala Fincorp and Rs 80,000 fromKisth Finance Company in his name. 'The complainant on realising that his confidential documents had been exploited to secure loans and credit cards filed a complaint through an online cyber portal in Feb,' a cyber police officer said. The case was registered after the police confirmed that the victim hadn't received any notifications regarding loan disbursements or card transactions from either financial institutions or banks.
Time of India
a day ago
- Time of India
UP Police podcast highlights high profile probes
Lucknow: In a pioneering step toward transparency, public engagement and digital outreach, the Uttar Pradesh Police launched a rare crime-focused podcast series under its official audio platform, 'Beyond the Badge'.This new series marks a significant expansion of the podcast, aiming to highlight the meticulous investigative work of police officers in cracking some of the most sensational and complex crimes in the state. Tired of too many ads? go ad free now The initiative stems from a directive issued by Chief Minister Yogi Adityanath, who emphasised the need to publicise achievements, innovations and public service efforts of the police through modern and accessible platforms. In response, the 'Beyond the Badge' podcast was launched in January 2025. A rare format: What sets this new podcast series apart is its documentary-style narrative, focusing on real criminal cases investigated by the UP Police. Each episode features interviews with the officers who led these investigations, offering an in-depth look into how cases were solved using a combination of human intelligence, technical surveillance, forensic analysis and tireless groundwork. The first episode in the crime series dives into a massive ₹100-crore insurance fraud case unearthed in Sambhal district. The episode features IPS Officer Anukriti Sharma, Superintendent of Police (south Sambhal), who led the investigation that uncovered multiple organised crime syndicates operating across the region. Speaking on the podcast, SP Anukriti Sharma explains how these syndicates exploited govt health and insurance schemes by forging documents, manipulating Aadhaar data and bribing local agents such as ASHA workers, village secretaries and bank officials. The gangs would fraudulently issue insurance policies in the names of poor, illiterate or deceased individuals, open fake nominee bank accounts and claim the payouts after orchestrated deaths or by faking them. Tired of too many ads? go ad free now "In some cases, they even insured dead individuals and later claimed they died again to obtain benefits," said Sharma. "There were also instances where young men were insured for crores of rupees and then murdered to claim the insurance." The episode outlines how the UP Police used data analytics, technical surveillance and meticulous coordination with insurance companies and banks to track the scam. Several key arrests were made, and links to a wider network operating in multiple districts were uncovered. A public call for vigilance:Through the podcast, SP Sharma also issues a strong appeal to citizens, urging them to avoid handing over Aadhaar, PAN cards, thumbprints, or other personal documents without full verification. She cautions people to apply for any govt scheme only through official channels and to remain alert to suspicious activities, such as individuals who suddenly become wealthy or show unexplained behaviour. "If you see something unusual in your community—be it suspicious deaths, sudden wealth, or coercion—report it to the police immediately," she advises. "These crimes thrive in silence. Community awareness is our first line of defence." A new face of police communication: The crime podcast series is a landmark initiative for any Indian law enforcement agency. By using storytelling as a tool, UP Police aims to build transparency, increase public trust, and educate citizens about modern policing techniques and crime trends. Episodes of the 'Beyond the Badge' podcast are available on popular streaming platforms and the official UP Police channels. The department plans to release future episodes covering cybercrime, drug trafficking, human trafficking, and other high-stakes investigations from across the state. This initiative not only humanises the police force but also offers the public a rare look at the complexity, risks and dedication involved in solving real-life crimes.
The Print
a day ago
- The Print
Prime accused in SIM racket arrested: Assam Police
The operation was conducted based on input provided by Gajraj Corps' Military Intelligence. The accused was apprehended by the Special Task Force (STF) of the state police force on Saturday night from Dhubri under ongoing 'Operation Ghost SIM', it said. Guwahati, Jun 1 (PTI) A prime accused in an inter-state racket, which provided SIM cards to cybercriminals including Pakistanis for opening WhatsApp accounts to dupe people, has been arrested by Assam Police, an official statement said on Sunday. One laptop, two mobile phones, three micro ATM machines, one biometric device, six ATM Cards, 11 voter ID cards, one Aadhaar card and one PAN card were recovered during the operation, the statement said. The total number of accused persons arrested under 'Operation Ghost SIM' is now at 11. 'Further interrogation of the accused is currently underway. Updates will be provided as the investigation progresses,' the statement added. The STF had busted the inter-state racket under 'Operation Ghost SIM', with the arrest of seven persons in the first success last month. The operation was launched based on information provided by Military Intelligence about the racket operating with bases in Assam, Rajasthan and Telangana, Director General of Police (DGP) Harmeet Singh had said earlier. The racket procured SIM cards under different names and dispatched these to criminals who used those for cybercrime and also 'anti-national activities', he said. PTI SSG SSG ACD This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
India Gazette
a day ago
- Business
- India Gazette
IEPFA and SEBI launch first Niveshak Shivir in Pune to empower investors and resolve unclaimed dividends
New Delhi [India], June 1 (ANI): The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, in collaboration with the Securities and Exchange Board of India (SEBI), successfully launched the pilot chapter of Niveshak Shivir in Pune on Sunday. The initiative is a part of IEPFA's continued mission to empower investors and strengthen financial literacy. The event marked a significant step in facilitating direct engagement with investors and addressing unresolved financial claims, according to the Ministry of Corporate Affairs. In line with IEPFA's broader investor outreach initiatives, Niveshak Shivir was conceptualised to assist investors in resolving pending issues related to unclaimed dividends and shares, updating KYC and nomination details, and facilitating faster settlements of claims - all under one roof. Over 450 claimants participated enthusiastically in the event, which attracted investors and stakeholders from Pune and nearby regions. By bringing together representatives from MIIs (Market Infrastructure Institutions), Registrars and Transfer Agents (RTAs), Depositories and Depository participants, the event successfully created awareness of the processes, thereby ensuring a transparent and seamless awareness towards demat of physical shares, updating KYC and nomination and the processes of IEPF claim were demystified. Investors were guided through every step of the process by trained officials at nineteen dedicated kiosks. To further streamline the process, search facility was made available at the venue, enabling participants to quickly check whether they or their family members had held any unclaimed shares or dividends. Once verified, trained officials assisted claimants in accurately filling out the IEPF-5 form, ensuring a smooth and guided claim submission process. Anita Shah Akella, CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs, along with Ananth Narayan, whole time Member, SEBI, and other officials inaugurated a special investor guide brochure developed by NSDL titled 'Investor Guide to Claiming Unclaimed Shares and Dividends.' The brochure outlines, in simple language, the step-by-step process for reclaiming unclaimed dividends and shares through the IEPF portal, key documents required (such as PAN, Aadhaar, and Entitlement Letter), and tips for avoiding common reasons for claim rejections. This initiative is expected to further empower investors with the knowledge needed to effectively navigate the claim process. The Shivir is the first in a planned series of Niveshak Shivir events to be held in major cities with significant volumes of unclaimed investor funds. This reflects IEPFA's deep commitment to investor-centric governance and transparency. Citywise calendar of events of Niveshak Shivir would be rolled out based on the learnings of this pilot. The Government of India established the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs. Its mandate is to promote investor awareness, ensure effective grievance redressal, and facilitate the recovery of unclaimed investments through accessible and user-friendly platforms. (ANI)
