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.
The Central Board of Secondary Education (CBSE) announced that nearly 40,000 students have successfully applied for verification and re-evaluation of Class 12 board exam answer books, despite the portal facing cyberattacks, including a denial-of-service attempt.
Odisha Vigilance arrested a cooperative official, Patitapaban Majhi, for allegedly misappropriating over Rs 33 lakh in government funds during his tenure at the Garhsantri Service Co-operative Society.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
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.
The New York Knicks have won their first NBA championship since 1973, defeating the San Antonio Spurs 90-94. Jalen Brunson led the Knicks with 45 points, securing the best-of-seven NBA Finals in five games after a dominant postseason run.
Indian benchmark equity indices, Sensex and Nifty, ended lower after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to 24,013.10. The decline was primarily driven by heavy selling in IT firms following Accenture's trimmed revenue guidance and renewed geopolitical uncertainty, specifically the postponement of US-Iran negotiations.
The Enforcement Directorate is investigating a large-scale cyber fraud operation involving 5,300 Indian SIM cards used from Cambodia by a Malaysian national-led gang, duping people of hundreds of crores. The probe follows raids in Rajasthan and Punjab, identifying 30 bank accounts linked to the fraud.
Indian benchmark indices, Sensex and Nifty, closed sharply higher, with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, driven by a global market rally and a decline in crude oil prices following US President Donald Trump's declaration that his country has ended the war with Iran.
Indian benchmark indices, Sensex and Nifty, extended their rally for the fourth consecutive day, driven by a significant drop in crude oil prices and strong performance from IT firms, despite mixed global cues.
Indian benchmark indices Sensex and Nifty closed marginally lower due to profit-taking, following the Reserve Bank of India's decision to keep the repo rate unchanged while lowering its growth expectations for the current fiscal year and forecasting higher inflation.
Indian benchmark indices Sensex and Nifty rebounded sharply on Monday, driven by a correction in crude oil prices due to ceasefire efforts in West Asia and strong buying in bank stocks.
A bank manager in Ghaziabad was shot dead by a security guard following disputes over salary and leave, leading to the arrest of the guard and an accomplice.
The Reserve Bank of India (RBI) is set to introduce polymer banknotes to address the rising demand for currency, improve durability, and reduce production costs, with a pilot project expected soon.
Telangana police have dismantled a large network operating illegal mule bank accounts used for fraudulent financial transactions, arresting 13 suspects and uncovering transactions worth approximately Rs 138 crore.
A tribal woman walked nearly 3 km carrying her 90-year-old mother-in-law on her back to a bank to collect the latter's Rs 500 monthly pension, pending for four months due to incomplete KYC (Know Your Customer) formalities, in Chhattisgarh's Surguja district.
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.
Indore police busted a gang allegedly involved in online betting on Indian Premier League (IPL) matches, arresting eight individuals, including an IT professional and a bank official.
Boat services at Purushottampuri, a pilgrimage site in Beed district, have been suspended after a capsizing incident killed two women. Local residents allege that many private operators run services without proper licences or safety equipment.
A former industries extension officer in Thiruvananthapuram has been arrested by the Vigilance and Anti-Corruption Bureau (VACB) for allegedly misappropriating Rs 3.57 crore from a self-employment scheme for women. The officer, Praveen Raj T R, is also implicated in two other similar cases involving significant amounts.
A Delhi court has remanded Huzaifa Farooque Ahmed Hashmi to five days' police custody following his arrest by the Delhi Police Special Cell and Maharashtra ATS. He is accused of having links with a D-Company operative and Pakistan's ISI, with investigators presenting evidence of his contact with a Pakistan-based operative. The case is part of a broader probe into the alleged Mumbai underworld-Pakistan ISI nexus.
Foreign Portfolio Investors (FPIs) have withdrawn nearly Rs 43,000 crore from Indian equities in the first week of June, contributing to a total outflow of Rs 2.67 lakh crore in 2026, driven by a global shift towards technology and AI-linked opportunities and persistent rupee depreciation.
A Thane court has granted transit remand for Huzaifa Farooque Ahmed Hashmi, arrested for alleged links to a D-Company operative and Pakistan's ISI. Investigators presented evidence of his contact with a Pakistan-based operative and his association with Mumbai underworld figure Munna Jhingada, as agencies probe the alleged underworld-ISI nexus.
Telangana CID arrests 11 individuals, including an Afghan national, for allegedly operating online betting across multiple states through the Dafabet platform. The investigation revealed a complex network of mule accounts and a coordinated multi-state criminal operation.
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.
Despite current headwinds, India remains the world's fastest-growing major economy and should not allow near-term challenges to obscure its long-term growth potential, said Jane Fraser, Citi Chair and Chief Executive Officer.
Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.
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.
Goa Police dismantled an illegal call centre in Verna Industrial Estate, arresting 26 individuals for allegedly defrauding US citizens by posing as bank employees.
'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'
A Special Investigation Team (SIT) formed by the Uttar Pradesh government has questioned Shri Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai and administrator Gopal Rao regarding allegations of donation money theft and financial mismanagement at the Ram temple in Ayodhya.
A Lucknow-based jeweller has raised concerns about the untraceable status of a three-kg silver lamp and other silver items he and his association donated to the Ram Temple in Ayodhya. His claims come amidst allegations of fund embezzlement at the temple, prompting a state-level SIT investigation ordered by Uttar Pradesh Chief Minister Yogi Adityanath.
Trinamool Congress national general secretary Abhishek Banerjee is undergoing interrogation by the Enforcement Directorate in connection with the alleged primary school recruitment scam. The ED is focusing on the money trail, financial documents, and statements from other accused, following a prior questioning session by the state CID on a separate forgery case.
'Exploration should be made easier and companies should be given operational flexibility.'
Australia defeated Turkey 2-0 in their Group D World Cup opener, with goals from Nestory Irankunda and Connor Metcalfe, placing them second in the group.
'When there is such an elaborate and a strong process, one would have expected anyone to either place the issues so that they can be addressed or go to the regulator and probably tell them rather than creating a kind of uncertainty for the stakeholders.
'As the Bihar government's focus is on development and infrastructure projects worth thousands of crores, Rishu Sinha created a network to pay a decent commission to government officials for securing tenders.'
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
Indian stock markets extended their gains for a second consecutive session, with the Sensex closing 736 points higher, driven by a global equity rally and a significant drop in crude oil prices following the finalisation of a peace deal between the US and Iran to end their 107-day conflict and reopen the Strait of Hormuz.
Axis Bank has partnered with the DP World Professional Golf Tour of India (DP World PGTI) as its official banking partner, aiming to strengthen professional golf in India.
