Indian equity benchmark indices Sensex and Nifty experienced a significant tumble in early trade, primarily driven by elevated crude oil prices due to ongoing West Asia uncertainty and substantial foreign fund outflows. Track Sensex, Nifty on September 29.
The CBI has registered a case against Basanta Kumar Das, former director of the ICAR-Central Inland Fisheries Research Institute, for allegedly diverting over Rs 27 lakh in government funds to his family members and others. The FIR states that these diversions caused wrongful loss to the exchequer.
Two men from Jammu and Kashmir and Rajasthan have been arrested for allegedly duping a Delhi resident of Rs 6 lakh in a digital arrest cyber fraud. The accused impersonated law enforcement officials, threatened the victim, and induced him to transfer money. Investigations revealed links to multiple other cyber fraud complaints and a Cambodia-linked digital trail.
A businessman from Vrindavan, Ratan Lal Agarwal, was defrauded of Rs 30 lakh in a "digital arrest" scam. A cyber fraudster, posing as an ATS officer, threatened Agarwal with a criminal case linked to his wife's mobile number and kept him under constant surveillance, coercing him into transferring the money. Police have registered a case and frozen part of the scammed amount.
Indian benchmark indices Sensex and Nifty extended their losses for a third consecutive day, driven by firm crude oil prices, elevated global bond yields, and significant foreign fund outflows, making investors cautious.
After a significant 9.9% depreciation in FY26, the Indian rupee has shown comparative stability in the first half of FY27, depreciating by only 1.1%, attributed to regulatory interventions and measures to attract foreign capital, despite ongoing global pressures from rising crude oil prices and foreign investor outflows.
A woman in Gurugram was arrested for allegedly blackmailing a man she met on a dating app, extorting approximately Rs 90 lakh by threatening to file a false rape case. Police set a trap and apprehended her while she was accepting an additional Rs 50,000.
A textile company director in Thane was allegedly defrauded of Rs 20.58 crore by five individuals who promised to secure loans for factory expansion and government uniform supply contracts. The accused reportedly misused financial documents and misappropriated funds.
The Central Bureau of Investigation (CBI) has dismantled an alleged impersonation and cheating network spanning Delhi, Bihar, Haryana, and West Bengal. Four individuals, including a CGST inspector, have been arrested for fraudulently infiltrating public examination selection processes by posing as candidates. The CBI's investigation is ongoing to identify further accomplices.
Fake web sites, counterfeit goods, bogus delivery charges and fraudulent customer support agents are common warning signs.
India's private sector capital expenditure is projected to reach approximately 3.2 trillion in the financial year 2026-27, up from 2.6 trillion in FY26, according to a Reserve Bank of India bulletin report, indicating sustained confidence despite global uncertainties.
American coach Dave Cousins, who led India's compound archers to a historic Olympic quota at the Asian Games, faced a significant delay in receiving his salary for over three months. The Archery Association of India and Sports Authority of India have acknowledged the issue, attributing it to a technical problem, and assured that the payment will be cleared within days, resolving the coach's threat to quit.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
Mumbai Police have busted an alleged flesh trade racket operating under the guise of a spa centre in Borivali, arresting the cashier and rescuing four women. The accused has been booked under the Bharatiya Nyaya Sanhita and the Immoral Traffic (Prevention) Act.
Dewas Police in Madhya Pradesh have arrested five members of a gang, including three women, for allegedly defrauding men seeking brides through sham marriages. The gang would arrange weddings, collect money, and then the 'bride' would flee. Preliminary investigations indicate at least four families were defrauded, with one victim losing Rs 1.50 lakh.
The Economic Offences Wing (EOW) of the Crime Branch has filed a chargesheet against four individuals in a 16-year-old fraud case involving Johar Veer Goga (JVG), an unauthorised non-banking finance company in Jammu. The case stems from an investor's complaint in 2010 regarding an unpaid fixed deposit from 1996-97, revealing that JVG operated without proper regulatory registration.
A Gurugram resident, Akhil Maurya, was arrested for allegedly defrauding an Italian woman, Paola Bertolini, of 900 euros (approximately Rs 98,000) under the guise of marriage. Maurya, who posed as an AI film creator, convinced Bertolini to transfer money for a project before cutting off contact. The Gurugram Cyber Crime police traced and apprehended him after the victim filed a complaint.
Indian benchmark indices Sensex and Nifty experienced a significant downturn in early trade, with the Sensex tanking 730 points, driven by surging crude oil prices, escalating geopolitical uncertainties, and a weak trend observed across Asian markets.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
An Italian woman, Paola Bertolini, travelled to Gurugram, India, to report a romance scam where a man allegedly swindled 1,000 euros from her. Dissatisfied with the response in Italy, she approached the Gurugram Cyber Police, who have registered a case and launched a search for the accused.
Prime Minister Narendra Modi has urged for a global framework to combat cross-border cyber frauds and deepfakes, highlighting the need for governments, tech companies, telecom operators, and financial institutions to collaborate. Speaking at the India Mobile Congress 2026, Modi stressed that technology thrives on trust and that India is ready to share its expertise in tackling cyber threats. He also noted the rapid expansion of 5G and the success of digital governance initiatives like Direct Benefit Transfer.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
'Nana left Mumbai, its luxuries and all the roles he could have played, and moved to Pune, where he lived like a farmer.'
IBM India and South Asia MD Sandip Patel stated that India is at a defining moment with a unique opportunity to shape exponential technologies like artificial intelligence, emphasizing that "when India builds, it builds for billions," leading to scalable impact. Speaking at the IBM Think 2026 event, Patel highlighted that the AI revolution is still in its early stages, requiring enterprises to redesign their operations around agents, real-time data, automation, hybrid architecture, and trust. He also introduced the concept of "digital swaraj" or sovereignty in the Indian context, stressing the importance of control over operating environments, data, technology, and AI execution. IBM also announced an MoU with MeitY Startup Hub to accelerate India's deep tech innovation and startup ecosystem, providing startups access to IBM's technology expertise and platforms like watsonx and Sovereign Core.
Guyanese batter Quentin Sampson, known for his aggressive power-hitting, is attracting attention from IPL franchises, with Chennai Super Kings reportedly among those watching him ahead of the 2027 auction, following his impressive cameo against India.
A five-year-old girl was kidnapped and found murdered in a Hyderabad gated community. Police suspect a recently dismissed security guard, Vikram, who allegedly demanded a Rs 20 lakh ransom from the girl's family. The girl's body was discovered in a clubhouse cellar with her hands and legs tied. Police are actively searching for the absconding suspect.
A 25-basis-point increase would restore some real monetary restraint when expected inflation has risen, liquidity remains easy and growth is strong, points out Amarendu Nandy.
Your credit card may have security controls you rarely use. Here are seven settings that can help prevent unwanted or fraudulent transactions.
The bail applications of two accused in the alleged Ram Temple donation theft case, Subhash Srivastava and Ramashankar Yadav, were postponed to October 6 and 7 as the judge was on leave. Six other accused have already had their bail pleas rejected. The SIT's 70,000-page charge sheet details the embezzlement of donations, with Rs 79.85 lakh recovered.
Mizoram police have successfully recovered over Rs 1 crore for cybercrime victims this year and arrested nine alleged cybercriminals. The state has also established a dedicated State Cyber Crime Coordination Centre (S4C) to enhance its efforts in detection, investigation, and public awareness against cybercrime.
Tata Capital remains confident in its 23-25 per cent growth guidance, driven by strong momentum in Retail and SME segments, despite facing pressures from rising funding costs and potential impacts from new RBI regulations on revolving credit.
Apple Pay has officially launched in India, integrating with CCAvenue and partnering with Axis Bank to bring secure and convenient mobile payment solutions to millions of iPhone, iPad, and Apple Watch users across a vast network of merchants.
Analysts predict that the Reserve Bank of India's interest rate decision, crude oil prices, and global bond yields will be the primary factors influencing the Indian stock market this week, alongside macroeconomic data and foreign investor activity.
India face West Indies in the fourth T20I in Hyderabad, needing one more win to seal the series as Abhishek Sharma, Sanju Samson and Ishan Kishan lead the batting charge.
Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.
The Reserve Bank of India (RBI) has proposed a standard operating procedure (SOP) for banks to implement temporary debit holds on accounts or transactions suspected of being involved in money-mule activity and cyber-enabled financial fraud, with a maximum duration of 60 days.
Former Sri Lankan president Gotabaya Rajapaksa has moved the Supreme Court seeking protection from arrest under anti-terrorism laws in connection with the 2019 Easter Sunday bombings. This appeal follows the dismissal of his previous petition by the Court of Appeal and an existing overseas travel ban.
Union Minister Ashwini Vaishnaw announced that the Indian government will release a draft consultation paper on Artificial Intelligence (AI) regulations within the next 30 days, focusing on safety, a human-first approach, skilling, inclusivity, and harm restriction.
The AIADMK suffered a significant blow in the recent Madurantakam and Dharapuram by-polls, seeing a sharp decline in its traditional vote base. The party came in a distant third in both seats, which were previously its strongholds, raising concerns about its leadership, strategy, and future in Tamil Nadu's political landscape, especially with the rise of the TVK.
'Without that one critical irrigation, the entire crop can be lost.'
