The Indian rupee depreciated by 28 paise to settle at 93.44 against the US dollar, influenced by ongoing uncertainties surrounding West Asia peace negotiations, volatile crude oil prices, and the Reserve Bank of India's recent adjustments to non-deliverable forward market regulations.
India's market landscape is undergoing significant shifts, with bank-backed brokerages potentially regaining dominance over discount platforms due to regulatory changes and increased taxes, while the IPO pipeline faces a slowdown amid heightened global volatility.
Iran has announced the reinstatement of strict military control over the Strait of Hormuz, citing US violations of previous agreements regarding maritime passage. This decision follows claims of continued American blockade of Iranian ports and a statement from former US President Trump regarding the persistence of the naval blockade until a comprehensive peace agreement is reached.
Delhi Police have dismantled an interstate cyber fraud syndicate involved in an online investment scam, arresting four individuals. The accused allegedly defrauded victims by promising high returns on online trading platforms and coercing them into depositing more money.
Delhi Police have arrested Asad Siddiqui, the main accused in the double murder of a man and his son in Delhi's CR Park area. The victims, Rakesh Sood and Karan Sood, were stabbed to death, while a third person was injured. The incident stemmed from a long-standing dispute, and the police are continuing their investigation.
Amid ongoing tensions with the US, Iran's IRGC Navy has issued new directives restricting maritime movement through the Strait of Hormuz, allowing only civilian vessels on Iranian-designated routes and barring all military ships.
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.
Customers will qualify for compensation even if they mistakenly share the OTP.
The Odisha Crime Branch's special task force (STF) has been appointed as the nodal investigating agency to coordinate with Delhi Police regarding a Bhubaneswar-based man's suspected links with a terror outfit. The 22-year-old man was arrested for alleged anti-national activities, and the STF will investigate all possible angles, including social links, financial status, and potential sharing of national security information.
United States President Donald Trump has welcomed the declaration from Tehran regarding the restoration of maritime access through the Strait of Hormuz.
An 82-year-old woman in Thane, Maharashtra, was allegedly defrauded of 73.3 lakh in a 'digital arrest' scam after fraudsters posing as law enforcement officials threatened to implicate her in a fake terror case.
Flipkart and Uber have announced a partnership to integrate Flipkart's 'SuperCoins' reward programme into Uber's mobility services, allowing users to earn rewards on rides.
A Delhi court has taken cognisance of an Enforcement Directorate chargesheet against Robert Vadra in a money laundering case linked to a land deal in Haryana's Shikohpur, summoning him to appear in court on May 16.
Flipkart and Uber have announced a partnership to integrate Flipkart's SuperCoins reward programme into Uber's mobility services, allowing users to earn rewards on rides.
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.
'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'
A consumer commission in Nagpur, Maharashtra, has penalised Axis Bank for deficiency in service, ordering a refund and compensation to a customer over a failed ATM transaction from 2018.
Mixed-use real estate projects, integrating residential, commercial, retail, and hospitality segments, are gaining significant traction in India as developers seek to maximise returns, optimise land use, and diversify cash flows, with experts predicting 35-40% of urban real estate supply will be mixed-use by 2030.
The Income Tax Department conducted searches at multiple locations in Kolkata, including the residence of TMC MLA Debashis Kumar and Miraj Shah, a proposer of Mamata Banerjee's candidature. The TMC alleges the raids are politically motivated.
Three men have been arrested in Noida, Uttar Pradesh, in connection with the death of a first-year BDS student in Kerala, who allegedly faced harassment from a loan app company.
Delhi Police have arrested two individuals from Rajasthan for allegedly defrauding a Delhi resident of over 21 lakh through a high-return online investment scam. The accused lured the victim with promises of lucrative returns and prepaid tasks.
Only bona fide victims would be compensated by banks within five days of receiving the complaint.
Delhi Police have dismantled an interstate cyber fraud racket that deceived individuals with false promises of overseas jobs and visa services, leading to the arrest of three suspects.
He was childlike with a camera in his hands -- not nave, but wonderstruck, as though the world were always on the verge of delivering something unrepeatable. Pulitzer Prize nominee Namas Bhojani recalls his long association with Raghu Rai, the legendary photographer who passed into the ages on Sunday.
Delhi Police have dismantled an interstate cyber fraud network, arresting three individuals involved in digital arrest and investment scams that defrauded victims of over Rs 80 lakh.
A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.
A 35-year-old bank employee in Delhi has been arrested for allegedly facilitating a cyber fraud racket by opening a bank account using forged documents. The employee misused his position to help fraudsters siphon off money through a fake account, which was part of a larger scheme involving fake investment offers on social media.
The Supreme Court of India has ruled that voluntary retirement is a distinct right of employees upon completion of the required years of service, clarifying the process and employer obligations.
Delhi Police have registered an FIR concerning allegations of a 'ticket-for-money' scheme involving individuals connected to the Congress party, following a complaint by a Haryana-based man who claims he was asked to pay substantial amounts to secure an election ticket for his wife.
Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.
A man allegedly involved in an international network trafficking job seekers from Jharkhand to cyber scam operations in Myanmar has been arrested in Mumbai.
Delhi Police have arrested six individuals involved in a transnational cyber fraud syndicate that operated fake loan applications and siphoned money through mule bank accounts.
Gujarat police have dismantled a Rs 77 crore cyber fraud operation with links to 375 cases nationwide, arresting 16 individuals and uncovering international connections.
A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.
Activist Anjali Damania defends her use of AI to analyse call data records of arrested godman Ashok Kharat, amidst opposition scrutiny and allegations of illegal activity.
The Himachal Pradesh government has ordered a fresh inquiry into the Chester Hill land case in Solan, following opposition allegations of a 'benami' land deal and violations of land laws. This decision comes after the withdrawal of a previous order that had questioned the initial inquiry's legality.
The Enforcement Directorate (ED) is investigating potential links between police officers and illegal coal smuggling operations in West Bengal, seeking details of officers in charge of multiple police stations.
Police in Surat are investigating an alleged interstate hawala-linked political funding network involving Aam Aadmi Party (AAP) functionaries, with Rs 1.25 crore reportedly routed from Delhi to Surat ahead of Gujarat local body polls. The AAP has dismissed the claims as a conspiracy by the ruling BJP.
Delhi Police busted a human trafficking and prostitution racket in central Delhi, rescuing eight women, including a minor. Two men were arrested, and efforts are underway to apprehend other suspects.
Markets regulator Sebi on Tuesday proposed introducing gift cards or gift prepaid payment instruments (PPIs) for investments in mutual funds to improve financial inclusion through onboarding of new investors in the space.
