India's Securities and Exchange Board of India has signed a memorandum of understanding with the Department of Telecommunications to coordinate efforts against fraud in the securities market. The agreement formalizes a channel for sharing intelligence between financial and telecom regulators, targeting scams that exploit communication networks to defraud investors. DoT has built a Digital Intelligence Platform, a secure framework enabling real-time intelligence exchange between agencies. The MoU positions this platform as the operational backbone of the collaboration, allowing SEBI and DoT to act on fraud signals as they emerge rather than after the fact. The immediate focus is on telecom-enabled securities fraud, a category that includes bulk SMS scams, WhatsApp-based pump-and-dump schemes, and fraudulent investment calls routed through registered or unregistered telecom infrastructure. The pact creates a formal escalation path: SEBI can flag suspicious communication patterns to DoT, which can act on the telecom side to disrupt fraud networks. Execution speed and data-sharing depth will determine whether the MoU produces measurable enforcement outcomes.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
