Police in Belagavi, Karnataka, have arrested the operator of Shivam Associates, accused of running a multi-crore Ponzi scheme that promised high returns to depositors. The case has been registered under the BUDS Act and KPID Act, and will be transferred to the CID for further investigation.
A sub-inspector in Mathura has been transferred and an inquiry ordered after videos surfaced showing him allegedly misbehaving with a minor boy and a youth. The incident sparked public outcry and prompted a departmental investigation.
A builder and two others were allegedly duped of 18.19 lakh by two individuals in Thane, Maharashtra, who promised to secure business loans for them.
The Central Bureau of Investigation (CBI) conducted searches at seven premises linked to Reliance Communications Ltd, an Anil Dhirubhai Ambani Group company, in connection with a fraud case involving thousands of crores of rupees.
Sonbhadra police have arrested five individuals from Rajasthan for operating an inter-state cyber crime racket involving blackmail, extortion, and impersonation, which allegedly led to a man's suicide.
The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.
An Assam Civil Service (ACS) officer has been arrested on graft charges, with over Rs 1.66 crore in cash and fixed deposits worth another Rs 86 lakh seized, along with investment documents.
rediffGURU T S Khurana answers readers' personal income tax queries
The Enforcement Directorate has attached properties worth over Rs 1,000 crore as part of its investigation into the alleged Chhattisgarh liquor scam, filing a fresh complaint against four additional accused.
A month after losing power in West Bengal and facing a rebellion by 58 MLAs, the Trinamool Congress (TMC) confronts an unprecedented challenge to Mamata Banerjee's absolute authority, raising questions about the party's survival and future.
Investments under the framework would remain voluntary for employees.
Veteran sports administrator and India's first Asian Games shooting gold medallist Randhir Singh was cremated in Haridwar. Singh died at his New Delhi residence after battling age-related ailments. He was 79.
A self-styled godman, Ashok Kharat, and his aide, Namkarn Avare, have been remanded to 14-day judicial custody in Nashik following accusations of rape and alleged financial irregularities.
Badminton player Jwala Gutta is raising awareness about the importance of breast milk donation, revealing she donated nearly 60 litres to hospitals in Hyderabad and Chennai.
'In the (election) affidavit, he had declared Rs 1,400 crores as his assets. He has educational institutions, real estate, malls, etc.'
Police in Gautam Buddh Nagar claim an accused linked to violent labour protests in Noida received over Rs 1 crore from foreign countries in their personal bank account.
Overseas travel spending by Indians, including holiday trips, decreased by $212.43 million to $1.09 billion in March compared to February, according to the Reserve Bank of India's latest data.
Delhi Police dismantled multiple interstate cyber fraud syndicates in a month-long operation, arresting 35 and bringing 89 offenders to justice. The syndicates were involved in various scams, including digital arrest, investment fraud, and fake dating schemes, with transactions worth nearly Rs 40 crore.
A special court has granted the Enforcement Directorate (ED) permission to arrest self-styled godman Ashok Kharat in connection with a Rs 70 crore money laundering case. Kharat, already facing rape and fraud charges, was produced before the Special PMLA Court on a production warrant from Nashik jail.
Indian stock markets are set to be influenced by developments in US-Iran negotiations, crude oil prices, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.
The Enforcement Directorate has frozen 90 bank accounts following searches related to the alleged siphoning of Rs 590 crore of Haryana government funds through IDFC First Bank, involving shell companies and bogus billing for gold purchases.
Paytm, operated by One97 Communications, is not actively seeking a non-banking financial company (NBFC) licence, preferring partnership models for lending operations, according to its Group CFO.
Compared with a year ago, the effective cost of studying abroad for Indian students has increased by roughly 10%-12% due to currency depreciation and rising living costs.
Fino Payments Bank's MD and CEO, Rishi Gupta, has been arrested for violating Goods and Services Tax laws, prompting the appointment of Ketan Merchant as the interim head.
A corporator and three others have been arrested in Chhattisgarh's Mahasamund district for allegedly murdering a man and burying his body along a riverbank.
Jharkhand police arrested four cybercriminals, including two teenagers, in Jamtara district for online fraud, seizing mobile phones, SIM cards, and ATM cards.
Delhi Police have arrested two individuals from Jharkhand for allegedly defrauding a 65-year-old man of over Rs 10 lakh through a cyber fraud involving APK files.
Sensex gains over 400 points while Nifty trades above 23,800 amid strong IT sector buying.
The CBSE reported that its re-evaluation portal faced a series of cyberattacks, including a denial-of-service attack, while students accessed the platform for verification and re-evaluation of answer books.
The CBI conducted searches at 17 premises in Mumbai related to Reliance ADA Group companies, including Reliance Telecom and Reliance Finance, concerning alleged diversion of bank funds and losses to banks and LIC.
The company said Valcambi was the engine driving the group's business, but Valcambi's audited accounts showed revenues that were only a fraction of what the group reported. That raised a major red flag.
Haryana State Vigilance and Anti-Corruption Bureau arrests 11 individuals, including bank employees and a government official, in connection with a fraud case involving IDFC First Bank and the illegal diversion of government funds.
The CBI has filed a chargesheet against AVJ Developers, bank officials, and others for allegedly cheating financial institutions and homebuyers in Greater Noida.
Delhi Police have arrested two men from Goa, claiming to have busted an interstate cyber-fraud-and-cash-conversion racket. Transactions worth nearly Rs 40 lakh routed through the network have been uncovered.
Fintech giant One97 Communications, which operates Paytm, has decided against applying for a Non-Banking Financial Company (NBFC) licence, favouring its existing partnership model.
Indian benchmark equity indices, Sensex and Nifty, closed lower due to investor caution over rising bond yields, a weaker rupee, and fresh fuel price hikes, which have revived inflation concerns.
Hyderabad Police have apprehended 66 individuals linked to a nationwide 'ghost' SIM card network, connected to 76 cybercrime cases involving over Rs 101 crore.
Kerala Chief Minister V D Satheesan addressed the controversy surrounding the full rendition of Vande Mataram during the UDF government's swearing-in ceremony, stating that neither he nor his colleagues were informed beforehand. The issue has sparked political debate, with the CPI(M) criticising the move and the BJP accusing the Communists of insulting the national song.
Self-styled godman Ashok Kharat, already jailed for alleged rape and fraud, has been arrested by the Enforcement Directorate in connection with a Rs 70-crore money laundering case. The arrest follows court approval and is part of an ongoing investigation into a large-scale extortion racket.
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