HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.
The BRICS foreign ministers' meeting in New Delhi concluded without a joint statement due to disagreements over the West Asia conflict, with Iran blaming the UAE for the lack of consensus. India, as the host, issued a chair's statement highlighting the differing views.
The CBI has filed a chargesheet against AVJ Developers, bank officials, and others for allegedly cheating financial institutions and homebuyers in Greater Noida.
Indian stock markets rallied in early trade after US President Donald Trump announced a halt to planned military strikes on Iran, citing requests from Gulf leaders and ongoing "very big discussions" that could lead to a deal. This de-escalation, coupled with foreign fund inflows and gains in IT and Adani group stocks, contributed to the positive market sentiment. Track Sensex and Nifty on May 19, 2026.
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.
The West Bengal cabinet has decided to discontinue assistance-oriented schemes based on religious categorisation for Imams, muezzins and purohits from June. The cabinet also approved the 'Annapurna' scheme of Rs 3,000 monthly support to women from June 1, and granted in-principle consent for their free travel in state-run buses.
A 13-year-old boy was found dead in a swampy area on the banks of the Noyyal river in Coimbatore. Police have apprehended two minor friends of the deceased in connection with the alleged murder.
A government engineer in Odisha's Bhadrak district is under investigation after the Vigilance Department allegedly discovered multiple assets, including land plots and residential buildings, disproportionate to his known income sources.
'Why are we deliberately taking apart an electoral system that has worked?' 'There is no answer to that, and there is no data and has never been any on the absurd slander that foreigners are voting here,' asserts Aakar Patel.
A man allegedly involved in nearly 20 criminal cases across Telangana and Andhra Pradesh relating to cheating and matrimonial fraud was arrested, police said.
Fintech giant One97 Communications, which operates Paytm, has decided against applying for a Non-Banking Financial Company (NBFC) licence, favouring its existing partnership model.
DBS Bank India has launched a direct tax payment facility after authorisation from the Central Board of Direct Taxes (CBDT). Utkarsh Small Finance Bank partners with Mumbai Indians as banking partner for T20 League 2026.
The Reserve Bank of India (RBI) has issued a statement assuring the public of HDFC Bank's stability and sound financial position following the resignation of its chairman, Atanu Chakraborty, citing ethical concerns.
'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'
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.
The Supreme Court has deferred the hearing on a PIL alleging large-scale banking fraud involving the Anil Dhirubhai Ambani Group and its firms to May 8.
The CBI has arrested a Pune-based lecturer for allegedly leaking the physics paper of NEET UG 2026 to a select group of aspirants. The lecturer, employed with a Pune school, is termed as another 'source' for the paper leak. The CBI investigation continues with searches and analysis of seized documents.
The Enforcement Directorate has frozen Rs 526 crore in bank deposits and seized gold jewellery worth Rs 3.5 crore along with Rs 11 lakh in cash after concluding searches in a money laundering case against online gaming platform Gameskraft.
Esha Sandhu, Dr D S S Srinivas Prasad, Ipninder Singh pay tribute to their mothers.
A court in Gurugram has extended the Enforcement Directorate (ED) remand of Punjab minister Sanjeev Arora by two days in connection with a Rs 100-crore money laundering case.
India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.
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.
Police in Meerut, Uttar Pradesh, have dismantled an illegal telephone exchange allegedly used for revenue loss and an online fake loan racket, arresting three individuals and seizing a large quantity of equipment.
A man in Mumbai has been booked for allegedly cheating a woman of 7 crore by making false promises of financial assistance and business loans after her husband's death. The accused, Bharat Singh alias Johnny, allegedly obtained the woman's GST login credentials and carried out fake transactions in her company's name.
A 13-year-old boy was found dead in a swampy area on the banks of the Noyyal river in Coimbatore. Two minor friends have been apprehended in connection with the alleged murder, which was triggered by vulgar remarks made by the victim.
A special CBI court in Mumbai has convicted a retired bank manager and nine others in connection with a 2004 loan fraud case, sentencing them to prison terms ranging from one to five years.
Mumbai Police's 1930 cyber helpline has successfully intercepted and frozen over 101 crore defrauded from citizens in the last five months, preventing significant financial losses.
Major US technology companies, Meta and LinkedIn, are undergoing significant workforce restructuring, with Meta planning to lay off 8,000 employees while shifting 7,000 into AI-focused roles, and LinkedIn cutting over 600 jobs across various departments.
Kerala Police have issued a warning about a new form of cyber fraud targeting people buying mattresses online. Fraudsters pose as fake customer care representatives of mattress companies and pressure customers into making immediate payments.
An Indian court has sentenced three men to life imprisonment for the murder and dismemberment of a businessman in Bhubaneswar, after a trial lasting over 11 years.
Delhi Police have arrested three individuals from Gujarat, Rajasthan, and Madhya Pradesh for allegedly providing mule bank accounts used to route over Rs 1.22 crore in proceeds from various cyber fraud schemes.
ICICI Bank has received a demand notice of 768.6 crore from tax authorities for alleged short payment of GST, related to services provided to customers maintaining minimum balances.
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 25-year-old man was arrested in Jharkhand after allegedly defrauding a Delhi resident of Rs 80,000 through a malicious APK link.
India's mergers and acquisitions (M&A) market is projected to maintain an annual run-rate of approximately $200 billion, evenly split between domestic, inbound, and outbound transactions, despite global geopolitical turbulence, according to Rajesh Singhi, global co-head, M&A Advisory, Standard Chartered Bank.
Jharkhand Police have arrested four individuals, including a candidate, for allegedly using high-tech methods to cheat during the SSC GD constable recruitment examination in Ranchi. The accused, all from Bihar, were caught attempting to hack computer systems at an online examination centre.
Delhi Police have dismantled an interstate cyber fraud syndicate, arresting 14 individuals allegedly involved in fraudulent transactions exceeding Rs 8 crore. The accused targeted job seekers with fake work-from-home opportunities via social media and job portals.
Rajasthan Police dismantled a cyber fraud operation, arresting 17 individuals for allegedly defrauding an accountant of Rs 5.30 crore by impersonating his company's chairman on WhatsApp.
The Central Information Commission has ruled that the Board of Control for Cricket in India does not qualify as a 'public authority' under the Right to Information Act, effectively placing it outside the scope of RTI disclosures.
Indian equity benchmark indices Sensex and Nifty tumbled over 1 per cent for the third consecutive day, driven by a sharp rally in crude oil prices, massive selling in IT stocks, and unabated foreign fund outflows amid ongoing geopolitical tensions in the Middle East.
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