''These people who were running the show at the Ram temple have something to hide, therefore they are not ready for a CBI investigation.'
The Directorate of Vigilance and Anti-Corruption (DVAC) has registered a case against former Tamil Nadu Highways Minister E V Velu, nine officials, and a private firm in connection with an alleged multi-crore road construction scam. The case involves fraudulent payments for unexecuted works in Karur and Erode districts, prompting political reactions from DMK Chief M K Stalin.
Beijing clearly intends to extend the China-Myanmar Economic Corridor to Bangladesh as part of its larger Maritime Belt and Road Initiative to boost its Indian Ocean presence.
Senior CPI(M) leader V Sivankutty has criticised the Kerala UDF government for allegedly spreading misinformation about the Centre's PM SHRI scheme and attempting to implement it despite earlier opposition. He clarified that the previous LDF government froze the agreement over concerns about the National Education Policy and that funds received were not for PM SHRI. The scheme continues to be a politically contentious issue in the state.
G Sindhushree lacked the funds to buy proper equipment after her father's death in 2022, forcing her to compete with shorter poles until she borrowed a longer one just two weeks before the National Inter-State Championships in Bhubaneswar.
US Vice President JD Vance on Friday dismissed reports suggesting that Iran would receive financial incentives merely for signing the peace deal between Washington and Tehran aimed at ending the hostilities in West Asia, calling such claims "fake information".
Skiers Arif Mohammad Khan and Stanzin Lundup will be the first Indian beneficiaries of the International Olympic Committee's US$ 10,000 grant for Olympians.
Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.
With more granular reporting and enhanced data matching, mismatches are likely to be identified more quickly.
Gujarat's Gir Somnath police have busted a massive cyber fraud racket involving over Rs 310 crore in suspicious transactions through mule bank accounts, arresting five individuals. This operation, part of the state-wide "Operation Mule Hunt 2.0," is considered the district's largest cybercrime case to date, aiming to recover victims' money and curb illegal account rentals.
The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.
L'Oral has announced its acquisition of a majority stake in Innovist, an Indian direct-to-consumer (D2C) personal care company, marking a significant expansion in India's rapidly growing beauty industry.
Shareholder payouts by India Inc, including dividends and buybacks, increased by 2.2 per cent year-on-year in FY26 to $5.06 trillion, but this growth lagged the 18.8 per cent rise in reported net profit for the third consecutive year, leading to the lowest dividend payout ratio in 12 years.
A peace deal between the US and Iran, set to be signed in Geneva, faces significant hurdles over the release of Iran's USD 12 billion in frozen assets, with conflicting reports from both sides on the conditions for their release.
Despite becoming a regular member of the Indian women's cricket team, pacer Kranti Gaud has not forgotten her roots and the sacrifices that her parents made to support her career and she wants to repay their faith by excelling at the ongoing T20 World Cup in Manchester.
Investors should do thorough due diligence when selecting a platform.
Maharashtra minister Mangal Prabhat Lodha has ignited a controversy by proposing to rename Mumbai's KEM Hospital, referring to King Edward VII as "King Kasab" who "looted India". The proposal faces opposition from other political parties, with the state government stating no final decision has been made.
The internecine war within the Trinamool Congress took a new turn on Thursday with "party treasurer" Aroop Biswas writing to a bank seeking restrictions on the operation of the party's accounts, citing uncertainty over its legitimate leadership amid rebellions by MLAs and MPs.
Gen Z is a generation that has been raised in a digital-first era, where shopping, payment, and monetary transactions are done within seconds via smartphones. Moreover, the new flexibility offered by investing platforms is encouraging young investors to opt for investment frequencies that align with their spending patterns and lifestyle. This change has brought up an interesting debate on whether daily and weekly SIPs are better than monthly investments.
Indian equity benchmark indices Sensex and Nifty closed lower on Thursday, driven by escalating tensions between the US and Iran, persistent foreign fund outflows, and concerns over rising US inflation.
A 38-year-old woman arrested here last week was allegedly preparing to travel to Pakistan via Nepal to marry a suspected terrorist commander believed to be a close associate of banned Jaish-e-Mohammed chief Masood Azhar, officials said in Jaipur on Thursday.
Amitabh Jhunjhunwala, former group managing director of Anil Ambani-led Reliance Communications, has been remanded in 14-day judicial custody in an alleged bank loan fraud case. The CBI alleges misutilisation of loan funds, causing significant losses to a consortium of banks led by SBI.
While India's interplanetary ambitions remain significant, the current pace of financial and technical progress raises questions about whether the 2027-2028 timelines can be met.
The Enforcement Directorate (ED) has arrested a former Kotak Mahindra Bank executive, Pushpinder Singh, alleged to be the mastermind of a Rs 145-crore fraud involving Panchkula municipal corporation officials, bank employees, and private individuals.
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a positive trend in global markets, cooling crude oil prices following a US-Iran peace deal, and fresh foreign fund inflows.
The SIF vertical, which allows MFs to offer complex products to relatively sophisticated investors, has managed to garner scale in just seven months of the launch of the first products.
'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'
A political controversy has erupted in Navi Mumbai after Maharashtra Deputy CM Eknath Shinde's name was omitted from official invitation cards for a civic event, leading to protests by Shiv Sena workers. The incident has also exposed infighting within the BJP, with an MLA accusing a minister of sabotaging her projects and falsely claiming credit.
The Economic Offences Wing of Crime Branch in Kashmir conducted searches at multiple locations in Srinagar and Budgam districts concerning the alleged siphoning of government funds during the COVID-19 pandemic.
The Union Housing and Urban Affairs Minister's announcement of four 'Namo Cities' aims to decentralise development and decongest Delhi, but experts warn that the initiative may face execution challenges similar to previous urbanisation plans due to inadequate coordination among NCR states.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
RSS chief Mohan Bhagwat has firmly rejected demands for the organisation to register itself, asserting that the Sangh operates openly and has nothing to hide. Responding to Karnataka Home Minister Priyank Kharge's call for registration, Bhagwat stated that such demands are politically motivated and that the government is well aware of the RSS's existence and activities.
A Section Officer from Mantralaya, Mumbai, was arrested by the Anti-Corruption Bureau for allegedly accepting a bribe of Rs 6.37 lakh to approve development funds.
Police are investigating the bank accounts of those arrested in connection with the sexual harassment and religious conversion case involving women employees of an IT firm in Nashik to determine if they received funds for illegal activities. A special investigation team (SIT) is handling the case.
A parliamentary committee has voiced concerns over ongoing examination irregularities despite government measures, recommending the Ministry of Education publish a time-bound roadmap for reforms. The panel also urged a nationwide blacklist of firms involved in exam processes and suggested utilising the National Testing Agency's financial surplus to enhance its capabilities.
Residents of Meghaninagar vividly remember the explosion that shook the neighbourhood on the afternoon of June 12, 2025. An Air India Boeing 787 Dreamliner bound for London had crashed into the hostel blocks of B J Medical College. A massive fire broke out, sending clouds of smoke into the sky.
The Enforcement Directorate (ED) is set to appeal the Delhi High Court's decision to quash a money laundering case against news portal NewsClick and its editor-in-chief Prabir Purkayastha, arguing that the High Court 'overlooked or left unaddressed' critical contentions regarding alleged FDI rule violations and false representations to authorities.
Kerala Police chief Ravada Chandrasekhar highlighted cyber fraud as a serious social challenge, particularly targeting youth, during the inauguration of 'RBI Reelathon 2026'. This multi-phase awareness campaign by the Reserve Bank of India aims to engage college students in combating cyber financial frauds through creative content creation and timely reporting.
German national team players are reportedly funding bus transport for 600 fans to their final World Cup Group E game against Ecuador in New Jersey, addressing concerns over significantly increased public transport costs during the tournament.
'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'
