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smuggling nearly $2 million worth of gold into the country. Zakia Wardak, the Afghan Consul-General in India's financial capital Mumbai, posted a statement on social media platform X announcing her resignation. Afghanistan's embassy in New Delhi shut down in November, more than two years after the Taliban returned to power in Kabul following the collapse of the Western-backed government, leaving Wardak as the country's most senior representative in India.

gold smuggling under the Customs Act, 1962, has been filed. The gold has been confiscated, a TOI report stated. According to sources, Wardak was not arrested because she has diplomatic immunity. According to the law, if the value of smuggled gold exceeds Rs 1 crore, the suspect is arrested and subjected to criminal prosecution. Sources mentioned that Wardak possessed a diplomatic passport issued by the Islamic Republic of Afghanistan. Responding to a query sent by TOI, Wardak said: “I was surprised and concerned by the accusations and need to look into this matter further. I believe you’re aware of the recent personal challenges I’ve faced while working to support the consulate and embassy. Currently, I am away from Mumbai seeking medical assistance."”

Serious Fraud Investigation Office (SFIO). Among the 24 individuals and entities listed as accused are Winsome founder Jatin Mehta, who had left the country before the mess surfaced, his wife Sonia and son Suraj, former employees, auditors, and the partner of a Dubai audit firm whose damaging testimony has helped the central agency build its case. Alleging that Mehta was the «brain and will behind the decisions of Winsome», the SFIO chargesheet (which ET has reviewed) charged the promoter, his family members, five companies, including Winsome, and others of criminal conspiracy to cheat the banks of Rs 4,258 crore, which is punishable under sections pertaining to cheating (420), breach of trust ( 409) read with criminal breach of trust (120(B)) of the IPC. Manipulation of books for carrying out fictitious transactions, related party and irregular derivatives deals ignored by auditors, and unauthorised investment in a group company constitute other charges under the post and amended Companies Act, 2013.

crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delicately balances innovation in this nascent but super exciting sector, together with risk management, while drawing invaluable insights from the regulatory experiences of other nations. At the recent G20 Summit, India emerged as a leading advocate for standardizing regulatory frameworks for crypto assets on a global scale, championing international collaboration to address the inherently cross-border nature of crypto assets and the imperative to mitigate the macro-financial implications associated with them. Countries worldwide are making significant strides. Markets in Crypto-assets (MiCA), the EU-wide regulation, will come into effect this year. MiCA, once put into action, will have a broad scope of application within the crypto asset ecosystem. Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, enacted the world’s first Digital Assets Law. The UK government, which has a stated goal of being a global leader in Web3, has confirmed plans to regulate crypto assets through formal legislation in 2024 (It has said it intends to bring many crypto asset activities under the same regulations that govern banks and other financial services firms).

Bharat Heavy Electricals (BHEL) jumped nearly 9 per cent to hit their fresh 52-week high in the morning session on Friday, May 3. BHEL share price opened at ₹296.90 against its previous close of ₹292.65 and jumped 8.7 per cent to hit its fresh 52-week high of ₹318.15 in morning trade on BSE on Friday, May 3. Around 10:15 am, BHEL share price traded 6.80 per cent higher at ₹312.55 apiece.

Dubai rains: Flights affected, schools closed — 7 key points Emirates cancelled several flights due to bad weather across the UAE on Thursday. A Flydubai spokesperson told Khaleej Times that the “adverse weather conditions in Dubai on Thursday have caused some delays to their operations". India's IndiGo said that their flight operations have been affected due to bad weather in Dubai, Sharjah, Ras Al Khaimah and Abu Dhabi.

Khaleej Times, an orange alert was issued on Thursday as heavy rains and thunderstorms lashed the desert city. The National Centre of Meteorology has said that the weather scenario was not anticipated to be as severe as what the city encountered on April 16. Also Read: 'Work from home, distance learning' in Dubai due to heavy rainfall warning.

Air India has launched flights on the Delhi-Dubai route with its new Airbus A350-900 aircraft according to a statement by Air India. The launch of flight on this route marks the international debut of Air India's recently acquired aircrafts, making it the sole carrier to operate the A350 between India and Dubai. The commencement of flights was celebrated with pre-departure ceremonies at both Delhi and Dubai airports, where guests were presented with A350 memorabilia.

The TOKEN2049 conference in Dubai saw numerous builders, traders, investors, and curious TradFi folks in attendance.

Amidst the weather warnings, Dubai Airport issued advisories, urging travelers to check flight statuses with airlines due to potential delays caused by rescheduled flights. They advised allowing extra travel time and utilizing the Dubai Metro, operational until 5 AM on Friday, for smoother commutes. Emirates Airlines echoed these precautions, cautioning travelers about possible road delays and suggesting proactive measures to mitigate travel disruptions.

Signup: https://www.binance.com/en-AE?ref=DUBAI Alex Chehade, General Manager of Binance FZE, emphasized the significance of this milestone, affirming, “This marks a significant step forward in our dedication to delivering secure, compliant, and top-tier services to our global user base. It highlights Dubai's forward-thinking ethos, recognizing and embracing the financial opportunities presented by blockchain technology." Binance Referral Code DUBAI gives you 20% discount on trading fees and you have the option to save 25% extra when you use BNB tokens to pay fees. The 20% discount offer is only for new users of Binance.

VALR, the largest cryptocurrency exchange in South Africa, is set to offer its crypto asset services in Poland and is actively exploring opportunities in other jurisdictions worldwide. 

Chirp Network has partnered with peaq to provide connectivity solutions for decentralized physical infrastructure networks (DePINs).

Pakistan's fighter Shahzaib Rindh shared a heartfelt message for the people of the two nations at a Karate Combat event in Dubai. Rindh won the event by defeating India's Rana Singh. However, what followed after his victory has been winning hearts on social media.

A Taliban-run tourism and hotel management institute has opened its doors to students

In the fourth quarter of the last financial year, the firm's consolidated revenue rose 79 per cent to Rs 209 crore. It was at Rs 117 crore a year ago, according to a release.

The TOKEN2049 conference, held in Dubai this month, was a massive event. It hosted industry leaders and featured meetups, workshops, networking events, hackathons, and much more.

Energy and environment ministers of the Group of Seven leading industrialized nations have committed to phase out coal power by 2035

Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 years” in a project worth nearly $35 billion

Tata group-backed Indian Hotels Company (IHCL) is aiming for double-digit topline growth this fiscal and plans to open 25-30 hotels. It will also launch hotels overseas but its primary target will remain India's thriving hospitality industry. «Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,» Puneet Chhatwal, MD, IHCL, told ET in an interview. He said while FY25 will be a 'breakthrough year' for the company's international expansion, the primary focus will remain on the Indian subcontinent. «We're expanding internationally with a target of at least three hotels outside of India, with contracts already signed, including two in Bhutan, and ongoing discussions for locations such as Dubai, London, Frankfurt, and others. We have two hotels under construction in Dhaka and several negotiations underway in the Indian peninsula, Sri Lanka, and nearby regions,» he said.

Tata group-backed Indian Hotels Company (IHCL) has set an ambitious aim of a double digit topline growth this fiscal, besides plans of opening 25-30 hotels. It will also launch hotels overseas, but its primary target will remain India's thriving hospitality industry. “Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,” Puneet Chhatwal, MD and CEO of IHCL, told ET in an interview. Chhatwal said while FY2025 will be a 'breakthrough year' for international expansion, the primary focus will remain on the Indian subcontinent.