The increasing use of models, algorithms, and code across the financial industry is reshaping how outcomes are generated. However, their limitations, such as explainability, embedded bias, and model drift may not be immediately apparent and may emerge only as these technologies gain scale, warns RBI deputy governor Shirish Chandra Murmu.
Delhi Police have dismantled a counterfeit auto parts operation, arresting three individuals for allegedly selling fake switches branded with a well-known auto component manufacturer's name. Raids in Karol Bagh led to the seizure of 10,650 counterfeit switches, believed to be imported and sold as genuine products.
A revenue official in Chhattisgarh has accused BJP MLA Ramkumar Toppo and his supporters of assault, following allegations of misbehaviour against the official by the MLA's cousin.
Police in Dahod, Gujarat, seized over Rs 2.56 crore in unaccounted cash from a car during a routine vehicle check. The cash was being transported from a courier firm to Vadodara, and the driver could not provide documentation for the money's source.
A team from the Jharkhand State Legal Services Authority (JHALSA) is investigating allegations of sexual exploitation of a woman inmate at Birsa Munda Central Jail. The investigation was prompted by claims of abuse, pregnancy, and forced abortion, leading to calls for strict action and a high-level probe.
Iranian Foreign Minister Seyyed Abbas Araghchi stated that the Strait of Hormuz remains open to all commercial vessels, requiring ships to coordinate with Iranian naval forces due to regional tensions and a US blockade.
A man allegedly involved in nearly 20 criminal cases across Telangana and Andhra Pradesh relating to cheating and matrimonial fraud was arrested, police said.
The AIADMK has stated it will not support the TVK in forming a government in Tamil Nadu, dismissing reports of a potential post-poll alliance.
The Gurugram Police's special task force (STF) has arrested an alleged drug smuggler in Bhiwani and recovered nearly 9 kg of heroin -- worth around Rs 36 crore in the illicit market -- from his possession.
A doctor at Bidar Institute of Medical Sciences was allegedly assaulted by a group of people, leading to protests by medical staff demanding action and protection.
The Enforcement Directorate (ED) has issued a lookout notice against Kolkata Police Deputy Commissioner Shantanu Sinha Biswas in connection with a money laundering case after he evaded multiple summons.
A 28-year-old man was fatally shot in Greater Noida by assailants on a motorcycle, leading to the arrest of six suspects, police reported. Two of the accused were apprehended after a police encounter. The motive behind the shooting is still under investigation.
Iranian Foreign Minister Abbas Araghchi is in India for a BRICS foreign ministers' meeting, where discussions will focus on the escalating crisis in West Asia and its impact on global energy supply chains.
Under-fire Mumbai Indians captain Hardik Pandya, reportedly mentally stressed and exhausted, is considering leaving the franchise after a disastrous IPL season.
Tensions escalate between Iran and the US over control of the Strait of Hormuz, a crucial shipping lane for global oil supplies, as both sides discuss extending a fragile ceasefire.
A tiger strayed into a residential area near the Bandhavgarh Tiger Reserve in Madhya Pradesh, killing a woman and injuring four others. The incident sparked protests by villagers who accused forest officials of negligence.
Gujarat ATS intercepts a large silver consignment worth 5 crore at Rajkot Airport, suspecting tax evasion.
Authorities used teargas and cane charge to restore order after a clash among inmates at Kapurthala jail. The incident occurred late Saturday night, with some inmates setting clothes on fire. The situation is now under control, with no injuries reported among jail staff.
British Sikh groups are cautioning against calls to ban the kirpan in the UK following the murder conviction of a man who claimed to carry the knife for religious reasons, arguing that it unfairly targets the entire community.
Political leaders across party lines have expressed their condolences following the death of Prateek Yadav, the younger son of Samajwadi Party founder Mulayam Singh Yadav. Prateek Yadav passed away at the age of 38 under mysterious circumstances.
A 25-year-old woman died after allegedly falling from a building in Delhi's Inderpuri area, leading police to register a dowry death case against her husband and his brothers.
Inmates in Gujarat prisons have passed Class 10 and 12 exams, showcasing the power of education and rehabilitation in adverse circumstances.
Jharkhand's Leader of Opposition Babulal Marandi has accused officials of sexual exploitation of women in the state's prisons, alleging that the administration is trying to bury the evidence and shield those involved.
A tailor has been arrested for allegedly setting vehicles on fire during labour unrest in Noida on April 13. Police allege the accused incited workers to strike and then participated in arson, damaging vehicles with iron pipes. The accused was identified using scientific and electronic evidence.
India's toll collection growth is projected to moderate to 5-7 per cent year-on-year in FY27, a 150-200 basis points reduction, primarily due to the economic impact of the West Asia conflict and a slowdown in commercial traffic, according to Crisil Ratings.
'Shivakumar's relationship with the BJP and the RSS is not adversarial in the way Siddaramaiah's has been.' 'Siddaramaiah has publicly attacked the RSS on record; Shivakumar has made no such statement at any point.' 'He vociferously defended the Karnataka government's celebration of Ram temple consecration with RSS-ish arguments.'
The building suffered extensive damage in the fire, with debris, shattered glass and burnt materials strewn in the vicinity. A large crowd gathered near the site as authorities cordoned off the spot and diverted traffic to facilitate rescue operations.
A three-storey commercial building collapsed near Saket Metro station in south Delhi, resulting in four fatalities. Rescue operations have concluded, and an inquiry into the cause of the collapse has been initiated.
Ahmedabad police have arrested eight individuals involved in a pre-planned scheme to steal 2.1 kilograms of gold jewellery worth Rs 2.58 crore from an Akasa Air cargo shipment at Ahmedabad airport.
CCTV footage collected from cameras near a temple allegedly showed the accused first assaulting the victim with a stick before mowing him down with a vehicle, police said.
The Bombay High Court has quashed an extortion FIR registered against former Maharashtra DGP Sanjay Pandey and others in Thane. The FIR was based on a complaint by builder Sanjay Punamiya, who alleged extortion and coercion.
A patient admitted to Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPGI) in Lucknow was found dead in his hospital bed with his throat slit. Police are investigating the circumstances surrounding the death.
India is set to celebrate Commonwealth Games Day on May 24 across 8,000 locations, with a main event in Ahmedabad, featuring sporting stars and a focus on fitness and national pride.
The West Bengal government has suspended three senior IPS officers for alleged mishandling and dereliction of duty during the initial investigation into the RG Kar hospital rape-murder case.
A downsizing in the prime minister's convoy was implemented in his recent domestic visits, official sources said.
St Stephen's College is embroiled in a dispute with Delhi University over teacher recruitment, with a court order halting the process and a fresh examination roster including newly recruited teachers.
Hundreds of tourists were safely rescued from the Gulmarg Gondola cable car system in Jammu and Kashmir after it developed technical problems, leading to the suspension of operations.
Police in Indore have arrested seven individuals, including three women and a police constable, for allegedly attempting to extort Rs 1 crore from a liquor businessman by threatening to release private photos and videos.
The house of former Union Minister and senior Congress leader Santosh Chowdhary in Hoshiarpur was allegedly broken into by unidentified persons who vandalised property and committed theft. Police have registered a case and are investigating.
A British Sikh man has been convicted of murder after claiming he used a kirpan in self-defence. The case has raised questions about the legal parameters around carrying a kirpan in the UK.
