The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.
Global investment firm Blackstone on Wednesday sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around Rs 7,100 crore, according to sources. Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT) sponsored by Blackstone and Bengaluru-based realty firm Embassy group. Blackstone sold its stake in the entity at around Rs 316 per share through open market transactions and at this price, the deal is valued at about Rs 7,100 crore, the sources said.
Sanjay Singh, the Brij Bhushan Sharan Singh loyalist, on Wednesday exuded confidence of sweeping the much-delayed Wrestling Federation of India (WFI) elections, saying the fraternity knows who would be beneficial for the sport and who could inflict damage to it.
In the opening ODI match at Mohali against Australia on Friday, Surya struck a flawless 49 ball 50 which included five fours and a six.
On Wednesday, the Bihar Cabinet in a meeting chaired by the chief minister passed a resolution on asking the Centre to include the provision in the 9th Schedule of the Constitution, Siddharth said.
The top court took note of the submissions of senior advocate Abhishek Singhvi, appearing for the Delhi government, that earlier the challenge was directed against the Ordinance which has now become law after clearance from Parliament.
The decision comes a day after Chief Minister Eknath Shinde said a government-appointed committee scrutinised 1.72 crore old documents (including those of Nizam-era) and among them, 11,530 records were found where Kunbi caste was mentioned.
The ITF tribunal has rejected AITA's contention that its Davis Cup team could face security concerns during the World Group I Play-off tie in Islamabad, paving the way for an Indian tennis team's visit to Pakistan for the first time in 60 years.
In a multi-part series, Joginder Tuteja keeps you informed about the theatrical releases coming up in 2024.
"Special circumstances" exist in Punjab, Wasnik said and added that in view of these, the AAP and the Congress have decided to fight the Lok Sabha polls separately in the state.
The Bharatiya Janata Party government in Gujarat on Tuesday announced 27 per cent reservation for Other Backward Classes (OBCs) in local bodies like panchayats, municipalities and civic corporations on the basis of a commission's report, paving the way for polls in these self-governing institutes.
'A large number of people from Sindh province will now opt to migrate to India as they would be granted citizenship through an easy process.'
Paving the way for the trial court to pronounce its verdict in the 2002 Gujarat riots cases, the Supreme Court on Tuesday vacated its stay order.
It's a historical tie, we will benefit from India team's visit: Pakistan tennis fraternity
Female sport in Afghanistan has been crushed since the Taliban took over from a Western-backed government in August 2021.
Veteran Bharatiya Janata Party leader L K Advani has said the Ram Janmbhoomi movement, whose primary objective was construction of the Ram temple in Ayodhya, also became a symbol of 'reclaiming the true meaning of secularism from the onslaught of pseudo-secularism'.
The Israel Defence Forces (IDF) on Thursday announced that the operational pause in the Gaza Strip will continue amid the mediator's efforts to continue the process of releasing the hostages and subject to the terms of the framework.
The Board of Control for Cricket in India president N Srinivasan, who is set to take over as the new ICC chairman, said his prime focus during his tenure would be to make all the three formats of the game equally important.
In a breakthrough that could end the political uncertainty in Pakistan, the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party have agreed on a power-sharing deal to form a new coalition government after intense negotiations following a fractured poll verdict.
Chosen for the country's highest civilian award Bharat Ratna a day ahead of his birth anniversary, Karpoori Thakur has been the veritable 'Jan Nayak' or people's hero of politics in Bihar, whose legacy parties cutting across ideologies seek to claim.
Sukanya Verma gives you options from all the action promised on OTT this week.
It took India and the Indian Army to show to the world that enough is enough and to challenge the neighbourhood bully, he said.
The internal party exchange unfolded amid an ongoing purported discord among party veterans, recognised as loyalists of Mamata Banerjee, and the younger generation, perceived as close to her nephew Abhishek.
YSR Congress party president and Kadapa Member of Parliament Y S Jaganmohan Reddy on Saturday launched an indefinite hunger strike at his residence in Hyderabad against the Centre's decision to bifurcate Andhra Pradesh.
Nearly 90 per cent of the stocks comprising the National Stock Exchange Nifty 500 Index and 49 of the 50 stocks that make up the Nifty50 are trading above their respective 200-day moving averages (DMAs). The 200-DMA is considered one of the most relevant trend indicators by investors and traders. They believe that stocks and indices trading above this key level exhibit strength and are likely to rally, while those trading below this level are viewed as bearish, with the stock/index expected to see a selloff.
Activist Manoj Jarange on Monday said he will set out on a tour of Maharashtra after the Diwali festival to meet Marathas and make them aware about the issue of reservation for the community.
The DoT has issued long-awaited migration guidelines which pave way for Internet service providers (ISP) like Reliance Jio Infocomm and Tikona, that have BWA spectrum, to offer mobile telephony service by paying an extra fee of Rs 1,658.57 crore (Rs 16.58 billion).
The 14-year political journey of Trinamool Congress leader Mahua Moitra has encountered both upheaval and elevation, as her expulsion from Parliament in a cash-for-query case marked the culmination of her tumultuous parliamentary term.
'Agni Prime', the new-generation ballistic missile, was successfully flight-tested from an island off the Odisha coast on Thursday, officials said.
The outer structure of Navi Mumbai International Airport's first terminal building is almost ready. Exactly behind the under-construction building, stands a partially demolished hill. Executives from the airport company are now hopeful the hill will be flattened by mid-January, paving the way for the first commercial take-off by December next year.
Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.
January 22, 2024 is not merely a date but marks the advent of a new era, PM Modi declared.
The business conglomerate, with interests spanning across tobacco to FMCG segments, has sought shareholders' approval for the reappointment of Yogesh Chander Deveshwar, 64, as its wholetime director and chairman with effect from February 5, 2012.
Rajasthan Royals have offered Yorkshire around 25 million pounds (Rs 260 crore/Rs 2.6 billion) to take complete control of the county club.
Chief Minister-designate Mohan Yadav, an OBC leader and three-time Bharatiya Janata Party MLA, started his political career when he was a student and rose to become higher education minister of Madhya Pradesh where he announced to make Hindu epic Ramcharitmanas as an optional subject in colleges in 2021.
The 4.5 kilometre-long Silkyara tunnel project in Uttarakhand, which is part of the central government's strategic 900-km 'Char Dham Yatra All Weather Road', will continue after the necessary safety audit and repair of the broken structure, a senior road ministry official said on Wednesday.
GDP growth of 7.7 per cent in the first half of this fiscal has "left sceptics gasping and woefully behind the curve", an RBI article said on Wednesday. It also stressed the buildup in the growth momentum is likely to be sustained. The article on the state of the economy published in the Reserve Bank's December Bulletin on Wednesday also said CPI-based retail inflation is expected to ease to 4.6 per cent in the first three quarters of 2024-25 from 5.6 per cent in November.
Advocate Madan Mohan Yadav, who is representing the Hindu petitioners, said, "The report in sealed cover was placed before the court by the ASI's standing counsel Amit Srivastava."
Kishore Jena on Friday received his visa to travel to Hungary, paving the way for him to compete at the World Athletics Championships
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