India

India’s Directorate of Enforcement charged Chirag Tomar and seven associates over an alleged $20 million Coinbase spoofing scheme.

The Indian government has temporarily banned the Telegram messaging app, citing its use in leaking the NEET medical entrance exam. The move comes after massive student protests over repeated exam security failures.

[Core Summary] A devastating fire in India’s capital Delhi has killed at least 21 people, including several South Asian nationals who had traveled to India for medical treatment or to accompany relatives. The tragedy highlights long-standing deficiencies in building safety and fire management in India’s major cities. [Perspective] This fire in Delhi once again exposes the safety hazards inherent in India’s rapid urbanization. The fact that numerous South Asian nationals travel to India for medical care reflects the country’s central role in regional healthcare, but also highlights the immense pressure on safety management in densely populated facilities. Analysis indicates that poor enforcement of building fire codes in many Indian cities, combined with a lack of basic fire warning and evacuation systems in older buildings, are key factors in the high casualty rate. ...

Indian regulators have cracked down on prediction markets, with Polymarket ceasing operations in the country. CoinDesk reports that other platforms like Kalshi could face similar restrictions. The move reflects a tightening regulatory trend for prediction markets globally. Meanwhile, Polymarket is eyeing entry into the Japanese market and has appointed a regional representative.

Modi Calls for National Austerity Amid Iran War Indian Prime Minister Narendra Modi has urged citizens to work from home and limit foreign travel as the ongoing Iran conflict continues to disrupt global energy supplies. Austerity Measures Speaking to the nation, Modi said the measures would reduce India’s fuel consumption and help conserve foreign exchange reserves. The Strait of Hormuz blockade has severely impacted India’s oil imports. India, the world’s third-largest oil importer, is heavily dependent on Middle Eastern crude. The shipping disruption has sent international oil prices soaring, putting enormous strain on the Indian economy. ...

Popular Indian film actor Vijay has been sworn in as Chief Minister of Tamil Nadu, continuing the trend of entertainers entering politics in southern India.

Weeks before the World Cup, Chinese and Indian broadcasters have no deal with FIFA.

Chandranath Rath, personal assistant to BJP leader Suvendu Adhikari, was shot dead in post-election violence in West Bengal, where Adhikari is the frontrunner to become chief minister.

BBC profiles one of India’s most formidable female political figures who is facing a serious survival challenge in Indian politics.

Modi’s BJP wins West Bengal state election for the first time, breaking the opposition’s long-standing hold on the region and bringing Modi closer to an opposition-free India.