Following regulatory action against Paytm Payments Bank Ltd (PPBL), Paytm strategically separated its core operations, a move praised by analysts for preserving business continuity and governance. This separation has enabled Paytm to sustain growth and improve profitability.
Gujarat police have dismantled a Rs 77 crore cyber fraud operation with links to 375 cases nationwide, arresting 16 individuals and uncovering international connections.
This will be the second merger of an associate bank with the SBI after a similar exercise with the State Bank of Saurashtra in August 2008.
Paytm (One 97 Communications Ltd) has stated that the Reserve Bank of India's action on Paytm Payments Bank Ltd (PPBL) has no financial or business impact on the company. The fintech firm clarified it has no material business arrangements or exposure with the banking entity, which operates independently.
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).
Kanpur Police have dismantled a sophisticated cyber fraud syndicate, arresting eight individuals, including five bank officials, for facilitating mule accounts and hawala transactions worth Rs 125 crore.
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 pickup was driven partly by fresh corporate investment but more by higher working-capital demand.
The Enforcement Directorate (ED) has arrested three founders of online gaming platform Gameskraft in connection with a money laundering case linked to alleged fraud.
Mizoram police and Assam Rifles seized methamphetamine tablets worth Rs 38.7 crore in Champhai district, bordering Myanmar, arresting three individuals including a Myanmar national.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
'India cannot speak of a demographic dividend if half its young women are unable to participate in paid work.'
The Reserve Bank of India (RBI) has proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal.
Benchmark equity indices Sensex and Nifty rebounded on Thursday after three sessions of losses, tracking gains in global markets after US President Donald Trump struck a conciliatory tone on Greenland. In a volatile session, the 30-share BSE Sensex climbed 397.74 points, or 0.49 per cent, to close at 82,307.37.
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate (ED) to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
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.
Residents of 31 villages in Delhi will soon receive ownership rights to their residential land within 'Lal Dora' limits, according to South Delhi BJP MP Ramvir Singh Bidhuri. Property cards will be issued to landowners, enabling them to secure bank loans.
Indian stock markets tumbled sharply with the Sensex falling 800 points and nearly 4 lakh crore wiped out in a single session. Here are the 6 key factors, including rupee weakness and global cues, behind the crash.
Indore police have busted a gang involved in investment fraud, arresting five individuals and uncovering links to a WhatsApp account operated from Cambodia.
Despite corporate bond yields hardening by 20-25 basis points, Indian corporates are not warming up to bank funding for their capital expenditure needs as bank lending rates remain elevated due to the higher cost of liabilities, compared to current rates in the debt capital market.
Fixed deposits from nationalised banks delivered higher returns than equities, outperforming both inflation and stock market benchmarks.
Indian stock market benchmark indices Sensex and Nifty experienced a significant decline, driven by escalating tensions in the Middle East and rising crude oil prices.
The Reserve Bank of India has updated its e-mandate framework, allowing card issuers to map existing mandates to reissued cards and clarifying rules around transaction limits and customer grievance redressal.
Delhi Police have arrested two men from Gujarat for allegedly defrauding a Delhi resident of Rs 9.75 lakh under the guise of high-return share market investments.
India's organised gold jewellery retail sector is projected to experience a 13-15 per cent year-on-year decline in sales volumes this fiscal, following an 8 per cent drop last year, due to elevated gold prices and a recent import duty hike, according to a Crisil report.
Union Education Minister Dharmendra Pradhan has directed officials to address issues faced by students regarding the CBSE examination system, following allegations of irregularities. The government has committed to transparency and accountability, assuring that all genuine concerns will be addressed effectively.
Chief Justice of India expresses concern over the increasing number of digital arrest scams, highlighting a recent case where an elderly woman was defrauded of her retirement benefits.
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.
The Enforcement Directorate has attached fresh assets worth more than Rs 11 crore as part of its money laundering investigation into the illegal operation of a Goa nightclub where 25 people were killed in a massive fire in December last year.
The CBI has arrested three individuals, including an IndusInd Bank assistant manager, in connection with a Rs 1.6 crore "digital arrest" scam. The arrests followed searches in Telangana and Andhra Pradesh.
The Centre has announced that the Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act will come into force across the country from July 1, replacing the Mahatma Gandhi National Rural Employment Guarantee Act.
Airpay Payment Services has partnered with Maharashtra State Co-operative Bank (MSCB) to enable UPI-based digital payments across the lender's network in Maharashtra, aiming to accelerate financial inclusion in rural areas.
India has launched its first integrated phygital service centre in Umri village, Madhya Pradesh, aiming to provide online services and boost rural development through digital connectivity and various essential services.
The Reserve Bank of India (RBI) is set to revise its directives for bank boards, aiming to alleviate operational burdens and enable them to concentrate on crucial policy and strategic decision-making, thereby enhancing corporate governance in the Indian banking sector.
West Bengal Chief Minister Suvendu Adhikari announced that Bangladeshi infiltrators detained in the state will be directly handed over to the BSF for deportation, bypassing court appearances, following a new rule.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.
Two African nationals have been arrested in Delhi for their alleged involvement in an international cyber fraud racket that defrauded victims across multiple states of more than Rs 5 million.
State-owned banks are prioritising local language skills in their hiring to improve customer service and reduce language barriers.
Six banks that reported their quarterly business updates for the October-December (Q3FY26) quarter on Friday recorded double-digit growth in their loan books compared with a year ago. Deposits also posted healthy growth during the period.
Gujarat police have arrested eight individuals for their alleged involvement in a cyber fraud network that handled transactions worth over Rs 288 crore. The arrests were made as part of 'Operation Mule Hunt 2.0', targeting organised cyber crime.
