Volkswagen India is under investigation for allegedly evading taxes worth $1.4 billion (₹11,842 crore), as the Centre issued a show-cause notice for the alleged misclassification of imports to avoid higher import duties. According to a report by Reuters, the notice was issued on Friday, alleging that Volkswagen's India unit, Skoda Auto Volkswagen India, had been mis-declaring and mis-classifying parts of its cars, including luxury models like Audi A4, Q5, Skoda Superb, and Tiguan SUV, to evade tax payments.

Zerodha CEO Nithin Kamath has voiced concerns over the growing menace of financial frauds after a Bengaluru-based techie lost ₹91 lakh in a stock market scam. The alarming incident is a stark reminder of the increasing prevalence of cybercrimes, with over ₹11,000 crore reportedly lost to scams in the past nine months alone.

Railway Minister Ashwini Vaishnaw on Friday praised the new Pamban bridge in Rameswaram, Tamil Nadu, calling it a "modern engineering marvel." The bridge, India's first vertical lift railway sea bridge, will replace the existing 105-year-old Pamban Rail Bridge, which had been in operation since 1914. The new structure is set to enhance connectivity, boost tourism, and support high-speed train services.