Saudi Arabian govt to invest in Yusuff Ali’s LuLu Group

The Supreme Court on Monday expressed grave concern over digital frauds, noting that more than ₹54,000 crore has been siphoned off through cyber crimes, and described the scale of the fraud as “absolutely robbery or dacoity”.

A bench of the apex court sought swift and coordinated action from the Reserve Bank of India (RBI), banks and other agencies to curb the rising menace of digital fraud. Observing that such large-scale losses could not occur without serious lapses, the court said the frauds “may be due to collusion or negligence of bank officials”.

The bench directed inter-departmental agencies to prepare a draft memorandum of understanding (MoU) within four weeks to strengthen coordination and effectively tackle digital frauds.

Taking note of an existing standard operating procedure (SOP) framed by the RBI, which prescribes immediate steps such as temporarily blocking debit cards to prevent cyber-enabled fraud, the court directed the Centre to formally adopt and implement the RBI’s SOP across the country.

“We direct the Centre to ensure pan-India implementation of the RBI SOP for inter-agency coordination in dealing with digital frauds. We also direct the CBI to identify cases of so-called ‘digital arrest’,” the bench said.

The Supreme Court further asked the Gujarat and Delhi governments to grant sanction for investigation in identified cases. It also directed the RBI, the Department of Telecommunications (DoT) and other concerned authorities to jointly hold a meeting to evolve a framework for compensation to victims of digital arrest frauds.

Emphasising victim relief, the court said a “pragmatic and liberal approach” is required while considering compensation for those affected by digital arrest scams.

If you want it sharper, more dramatic, or more neutral (wire-style), tell me which tone you’re aiming for.

In an era where digital distractions are the primary rival to academic excellence, the Karnataka Education Department is taking the fight directly to the living room. As the SSLC (Class 10) annual examinations loom, officials have launched a localized "digital strike" to ensure students aren't losing their competitive edge to scrolling or soap operas.

The 7-to-9 Lockdown

The department has issued a formal directive urging—and in some cases, enforcing via home visits—a total blackout of mobile phones and television sets between 7:00 PM and 9:00 PM. This two-hour window is being designated as "sacred study time" across the state until the examinations conclude on April 2.

Key Pillars of the Initiative:

•    Doorstep Advocacy: Teachers are transitioning from classrooms to living rooms, meeting parents to explain the psychological benefits of a distraction-free environment.

•    Parental Accountability: The campaign shifts the burden of discipline from the student to the household, asking parents to lead by example and switch off their own devices.

•    The Timeline: The focus remains sharp on the upcoming exam block, scheduled from March 18 to April 2.

"The objective is simple: uninterrupted focus. We are reclaiming the evening hours for the students, ensuring their environment is as prepared as their minds," stated a senior department official.

Student vs. Reality

While the student community has largely welcomed the "forced focus"—with many admitting they lack the willpower to ignore notifications—the move has sparked a debate on enforceability. Without a "TV Police," the success of this initiative rests entirely on the shoulders of parents and the persuasive power of visiting educators.

Bengaluru: The shooting incident involving CJ Roy, founder of the Confident Group, has once again put the spotlight on a businessman whose life has swung between flamboyant global success and persistent controversy at home.

Though Roy’s business interests extended across continents, his roots lay firmly in Karnataka. An alumnus of Christ School in Bengaluru, he later moved to Tumakuru to pursue an engineering degree. Those familiar with his early years describe him as intensely ambitious, beginning his career as a salesman at a small electronics firm dealing in computers.

Roy’s entry into large-scale real estate came through the Crystal Group, where he worked closely with Latha Namboothiri and rose from manager to director. However, the launch of the Confident Group in 2005 was clouded by industry speculation. Insiders speak of a fallout involving alleged “benami” properties and claims of deception that ultimately led to his independent venture—an episode Roy spent years trying to distance himself from, according to associates.

A tale of two cities

Roy’s professional trajectory diverged sharply across geographies.

In Dubai, he built a reputation as a bold and efficient developer, completing massive luxury residential projects in record time—some reportedly within 11 months. His rapid project delivery and lavish lifestyle in the Emirates earned him admiration and visibility in the real estate sector.

In Bengaluru, however, his image remained far more fractured. Sources say Roy stayed away from the city for several years amid disputes over unpaid dues to vendors and suppliers. Several projects were allegedly stalled, with accusations of unfulfilled commitments to cement and steel suppliers continuing to follow him.

Roy’s return to Bengaluru’s business and social circles began around 2018, marked by a conscious attempt at rebranding. His appointment as Honorary Consul of the Slovak Republic added diplomatic legitimacy, which he complemented with visible CSR initiatives, including ambulance donations and high-profile charity events.

Heavy police presence in Langford Town

Following the incident, police personnel from the Central division were deployed outside the Confident Group building in Langford Town, which also houses the Slovak Honorary Consulate in Bengaluru.

The otherwise busy premises near Hosur Road wore a deserted look on Friday, reflecting the shock and uncertainty that followed the tragedy.