At SEBI’s 38th Foundation Day, Nirmala Sitharaman urges India’s markets regulator and intermediaries to outpace AI-driven cyber threats, bolster investor awareness with Mission Jagrook, expand SEBI’s cyber resilience tools and act against unregistered fin-fluencers as India’s capital markets scale to over 140 million investors.
Pine Labs is acquiring Shopflo Technologies for up to ₹88 crore in cash, integrating its D2C checkout tools into a full-stack payments and commerce platform.
Finance Minister Nirmala Sitharaman has asked SEBI to lead a unified, digital KYC framework and push anticipatory regulation on AI, fraud and cybersecurity.
The Reserve Bank of India will revoke Paytm Payments Bank’s licence from April 24, 2026, after years of compliance concerns, while core Paytm services via partner banks remain operational.
Google will commit up to $40 billion in cash and compute to Anthropic, expanding their AI cloud partnership, intensifying rivalry with Amazon, and drawing regulatory attention to Big Tech’s deepening ties with leading AI startups.
Bharat Taxi has launched a driver onboarding initiative in Mumbai, expanding its organised mobility platform as leaders Piyush Goyal and Amit Shah back a driver-first, technology-enabled urban transport model across major Indian cities.
The White House accuses Chinese entities of “industrial-scale” theft of U.S. AI technology, prompting new security measures, congressional action, and sharp rebuttals from Beijing ahead of President Donald Trump’s planned summit with Chinese President Xi Jinping in Beijing.
The Reserve Bank of India’s Digital Payments E-Mandate Framework, 2026 unifies rules for recurring payments across cards, UPI, and prepaid instruments, aligns them with mandatory two-factor authentication, and mandates advance alerts and zero charges for e-mandate facilities to strengthen security and customer control.
Instagram has launched Instants, a standalone app in Italy and Spain for one-view, 24-hour disappearing photos and videos, positioned by Meta as a low-pressure, camera-first tool for close-friend sharing that echoes Snapchat while integrating tightly with Instagram’s existing accounts and social graph.
India’s finance ministry has convened top bank chiefs to assess cybersecurity threats from Anthropic’s Claude Mythos AI, focusing on payment systems, core banking infrastructure and coordination with global regulators as authorities race to harden defences against autonomous vulnerability discovery tools.
