India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.
UPI transactions reached 22.35 billion in April, marking a 25 per cent increase compared to April 2025. UPI now accounts for 85 per cent of all digital transactions in India and is live in eight countries.
The Enforcement Directorate (ED) has arrested three founders of online gaming platform Gameskraft in connection with a money laundering case linked to alleged fraud.
Delhi Police arrested a 22-year-old woman for allegedly providing mule bank accounts to an interstate cybercrime network, recovering numerous ATM cards, cheque books, and electronic devices.
The Anti-Corruption Bureau registered an FIR, while the state government constituted a committee to examine the fraud.
Delhi Police have arrested two individuals involved in an investment scam where a local resident was cheated of Rs 1.60 lakh. The investigation has linked the accused to a broader cyber fraud network with transactions worth approximately Rs 68 lakh across multiple states.
Grandmaster Abhijeet Gupta is struggling to receive his prize money from the Odisha Open, prompting him to seek intervention from the Sports Ministry after repeated assurances from organisers yielded no payment.
Seven women, including two wives of an accused peon, have been arrested in connection with an alleged embezzlement of Rs 5.5 crore from the District Inspector of Schools office in Pilibhit, officials said on Saturday.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 14,231 crore from Indian equities so far in May, extending the total outflow for 2026 to over Rs 2 lakh crore, driven by persistent global macroeconomic uncertainties including inflation, interest rates, and geopolitical risks.
A dentist in Delhi, accused of defrauding multiple people of over Rs 1 crore through fraudulent property deals, has been arrested after being on the run for seven months.
Uttarakhand STF and Dehradun Police busted an international online betting syndicate and arrested five accused allegedly involved in facilitating betting on IPL matches.
Police in Meghalaya have busted an interstate ATM theft racket, arresting six individuals in connection with a break-in at a bank ATM in the Ri-Bhoi district.
Xiaomi has introduced its new S Mini LED series of smart televisions in India, marking its entry into Mini LED technology with enhanced picture quality, superior contrast and increased brightness. The series is available in 55, 65, and 75-inch sizes, with prices starting from 51,999, and offers banking discounts and EMI options.
The Enforcement Directorate (ED) has arrested three founders of online gaming platform, Gameskraft, in an alleged fraud-linked money laundering case. Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the Prevention of Money Laundering Act (PMLA).
Grandmaster Abhijeet Gupta, frustrated by delays in receiving prize money for winning the Odisha Open, has been assured by the All India Chess Federation that the issue will be resolved and his dues cleared.
Global brokerage firm Jefferies has reiterated its 'Buy' rating on Paytm, stating that the company's growth engine and profitability will remain intact despite regulatory action on its associate entity Paytm Payments Bank Ltd (PPBL). The company has maintained its price target of Rs 1,350, implying an 18 per cent upside.
Hyderabad Police Commissioner V C Sajjanar convened a meeting with bankers to address the misuse of bank accounts in cyber frauds and implement preventative measures, following 'Operation Octopus' which dismantled cyber fraud networks and led to arrests of complicit bank officials.
'It has always been viewed as a hedge against inflation.'
Tata Consultancy Services (TCS) is focusing on building AI infrastructure, including India's first AI-focused data centre, as AI becomes a core operating foundation for enterprises globally.
The Enforcement Directorate (ED) has filed a prosecution complaint against Anil Nutrients Ltd, its director, and six others in connection with a money laundering case involving an alleged fraud of Rs 47.88 crore with Bank of India.
AM Shahjahan and Vanni Arasu from IUML and VCK respectively were sworn in as ministers in Tamil Nadu, increasing the number of allies in the TVK government. This marks the first time representatives from both parties have been inducted into the state cabinet, signifying a shift in Tamil Nadu's coalition dynamics.
Indian equity markets experienced a significant decline in early trade, with the BSE Sensex and NSE Nifty dropping, as escalating geopolitical tensions in West Asia and a surge in global oil prices dampened investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 8, 2026.
Delhi Police have arrested an immigration consultant accused of defrauding a woman of approximately Rs 1.83 crore by falsely promising Canadian immigration through a business investment programme.
A gang of armed robbers targeted a State Bank of India branch in Surat, Gujarat, looting Rs 50 lakh in cash after threatening staff and customers.
Uttar Pradesh Chief Minister Yogi Adityanath announced that the state has secured investment proposals worth approximately Rs 50 trillion over the past nine years, attributing this economic revival to the enforcement of the rule of law and strategic policy changes. He affirmed UP's trajectory towards becoming a $1 trillion economy by 2029-30.
A Nigerian national was arrested in Delhi by the Uttar Pradesh STF for allegedly creating fake profiles of US and UK citizens on social media and cheating victims on the pretext of sending expensive gifts and foreign currency.
Odisha Police busted an IPL betting racket in Rajgangpur, Sundargarh district, arresting five individuals and seizing cash and frozen funds.
Bernstein brokerage firm maintains 'Outperform' rating for Paytm, stating the PPBL licence cancellation will not impact Paytm's business and may open new regulatory opportunities.
Reliance Group chairman Anil Ambani did not appear before the Enforcement Directorate for questioning in a money laundering case linked to an alleged bank fraud. The ED is investigating loan fraud allegations against multiple Anil Ambani group companies.
Jharkhand police have uncovered an interstate cyber fraud network and arrested four individuals involved in fraudulent transactions across 24 states. The investigation was initiated following inputs from the Union Home Ministry's 'Samanvaya portal', leading to the discovery of a bank account in Ramgarh district used for the illicit activities.
A Nepalese national was arrested near the Indo-Nepal border in Uttar Pradesh's Bahraich district with 4.66 kilograms of illegal charas worth about Rs 2.5 crore.
Indian stock markets are expected to remain highly sensitive to geopolitical developments, particularly the US-Iran situation, and crude oil prices this week, with analysts also highlighting the influence of the rupee-dollar trend, foreign investor activity, and upcoming inflation data.
Jammu and Kashmir Police attached properties worth over Rs 1.46 crore and froze bank accounts of four alleged drug peddlers in Samba district under the NDPS Act.
Prime Minister Narendra Modi presented a range of culturally significant gifts during his recent five-nation tour, including a Muga silk stole for the Italian Prime Minister and Madhubani painting for the Dutch Prime Minister, showcasing India's rich artistic heritage.
West Bengal Chief Minister Suvendu Adhikari has announced a new border security initiative, including land transfer to the BSF and a 'detect, delete and deport' policy targeting infiltrators.
A woman director of an IAS coaching institute was allegedly robbed of Rs 1.89 crore by a former student and his associates at gunpoint in Bhopal after being held captive at a house.
Babar Azam, Pakistan's key batter, is likely to play in the second Test against Bangladesh after missing the first match due to a knee injury. His return is anticipated to strengthen Pakistan's batting lineup after their loss in the first Test.
A Mumbai court has rejected a plea by a couple, former officials of New India Co-operative Bank, accused of a Rs 122-crore fraud, to appear via video conferencing from the UK, deeming their request as showing 'huge abysmal entitlement'. The couple cited a 'hostile environment' and 'threats to their lives' if they returned to India.
Delhi Police have arrested four individuals in connection with a daylight robbery near Azadpur Mandi, recovering a car purchased with the stolen money. The arrests followed an inter-state manhunt across Uttar Pradesh.
Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.
