Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
Phishing sites mimicked SBI, ICICI Bank and Axis Bank to steal card details and OTPs.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
The Reserve Bank of India has opened a special dollar window for three public sector oil marketing companies (OMCs) to meet their daily dollar requirements, aiming to curb the rupee's depreciation amidst global economic uncertainty. Additionally, the RBI has introduced new regulatory measures for the foreign exchange market, including reducing the threshold for derivative transactions without underlying exposure and introducing a Foreign Exchange Risk Reserve (FERR).
A 62-year-old farmer from Dakshina Kannada district was digitally arrested and duped of Rs 1.31 crore by cybercriminals impersonating Mumbai police and ATS officers. The fraudsters coerced him into transferring money by falsely claiming he was involved in a terror attack. A case has been registered, and investigation is ongoing.
Twenty individuals were arrested in Lonavala, Maharashtra, for operating an illegal call centre that defrauded foreign nationals. The accused impersonated representatives of companies like Amazon and Google, threatening victims with fake drug cases to extract banking details and money.
'What is the need for collecting so much data unless they are going to be used for some other purpose?'
Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, is poised to launch India's largest-ever initial public offering (IPO) at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870-crore offering.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trading, primarily due to selling pressure on blue-chip HDFC Bank and ongoing geopolitical uncertainties.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
The CBI has filed an FIR and conducted searches against a former Sashastra Seema Bal (SSB) assistant commandant, Amit, for allegedly colluding with smugglers to facilitate large-scale operations across the India-Nepal border. The officer, who was posted in Sitamarhi, Bihar, from March 2023 to January 2026, is accused of establishing a nexus with notorious smugglers and deriving undue benefits, with suspicious transactions found in his and his family's bank accounts.
Indian benchmark stock indices, Sensex and Nifty, experienced a significant drop on Monday, with the Sensex falling by nearly 548 points, primarily due to a fresh spike in crude oil prices, persistent foreign fund outflows, and rising bond yields.
Indian government bond yields have recorded their worst losing streak in three decades, rising for the tenth consecutive week, driven by elevated crude oil prices and increasing global yields. The rupee also weakened, and India's foreign exchange reserves saw a significant decline.
The Reserve Bank of India has raised the repo rate by 0.25%. Three financial planners explain how soon banks will pass the increased loan interest on, what borrowers should check and what they need to avoid.
The Reserve Bank of India's Monetary Policy Committee (MPC) has indicated that rate cuts are improbable in the near term, with headline inflation projected to reach 6 per cent in the third quarter. Minutes from the October meeting reveal growing concerns among members about inflation spreading beyond food and fuel, leading to a shift in policy stance towards calibrated tightening.
Kagiso Rabada and Steve Smith's intense rivalry has reignited as South Africa and Australia head into a decisive third Test in Cape Town. Rabada's recent dismissal of Smith in the second Test, coupled with their history from the 2018 series marked by controversy, sets the stage for a thrilling encounter. Both players acknowledge the competitive spirit, with Smith reflecting on his past ban.
Indian digital certification authority eMudhra has reported a compromise of private keys for some of its global TLS and code-signing certificates, according to Cert-In. This incident, while eMudhra states it has limited impact on its Indian operations, could allow cybercriminals to impersonate websites. Separately, SBI has disclosed a suspected exposure of nearly 4,000 customer records on the dark web.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
Jammu and Kashmir Chief Minister Omar Abdullah announced a cabinet expansion and reshuffle for early next week, urging party members not to lobby for positions as the list is finalised. He also discussed various issues with Lieutenant Governor Manoj Sinha, including the LG's health, the National Dental Commission Act, and the plight of Kashmiri pilgrims stranded in Saudi Arabia due to flight cancellations and high airfares. Abdullah also declined to comment on LAC patrolling, stating it's outside J&K's purview post-Ladakh's separation.
Apple Pay is now available in India. Here's how you can add an eligible credit card to Apple Wallet and make payments using your iPhone.
Sunday's shooting incident targeting Tiger Shroff have rekindled memories of the film industry's dark past, when crime syndicates like Dawood Ibrahim's D-Company and Abu Salem's gang exerted significant influence through extortion, violence, and money laundering.
The Reserve Bank of India (RBI) has increased its GDP growth forecast for the current fiscal year (FY27) by 40 basis points to 7.1 per cent, acknowledging the resilience of domestic economic activity despite global headwinds and geopolitical tensions.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
Faridabad police have arrested six individuals in connection with a cyber-fraud case where Rs 50 lakh was swindled using a company CMD's photograph on WhatsApp. The police managed to freeze Rs 29 lakh of the defrauded amount. The accused, from Mumbai and Gujarat, were produced in court and sent to judicial custody.
A 38-year-old woman in Thane district committed suicide after discovering her bank account was allegedly used in multiple cyber fraud cases across several Indian states, leading to immense anxiety and police questioning notices.
Nandan Nilekani, head of the task force on exam reforms, stated on Tuesday that technology and a systematic approach can solve the issue of question paper leaks. He suggested generating exam papers from a large question bank at the last minute to remove economic incentives for leaks and also proposed moving towards computer-based testing.
'Existing borrowers who have surplus cash should make partial loan prepayments to offset the impact of rising EMIs and reduce the overall interest burden.'
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, with the Sensex surging over 700 points, driven by a decline in crude oil prices, easing concerns over Federal Reserve tightening, and the appointment of Anup Bagchi as the new MD and CEO of HDFC Bank.
Naman Dhir's unbeaten 42 off 15 balls secured a thrilling four-wicket win for India against New Zealand in the first T20I, showcasing his potential as a reliable finisher for the national side, drawing praise from cricket legends like Ravichandran Ashwin and Ravi Shastri.
Gurugram police have arrested two individuals, Nirmal Kumar and Gopi Kumar Yadav, for their involvement in a cyber-fraud scheme. The gang allegedly duped people by sending fake HCG bill messages and using malicious APK files to steal Rs 1,64,900 from a complainant's bank account. The arrested associates were responsible for fraudulently obtaining and supplying SIM cards used in the crime.
The rise in loan sizes reflects both higher vehicle prices and a shift from entry-level cars to SUVs.
A man from Kochi has been arrested in connection with a 'digital arrest' scam that defrauded a retired judge in Rajasthan of Rs 2.5 crore. The accused allegedly threatened the judge with false links to hawala transactions and the Pulwama case, leading to his apprehension in a coordinated police operation.
Indian benchmark indices Sensex and Nifty saw a sharp rebound in early trade, driven primarily by a rally in IT stocks and a decline in crude oil prices, even as global markets faced selling pressure due to US inflation concerns. Track Sensex and Nifty on
Panchkula police have busted a cyber-fraud gang, arresting two individuals, Manoj Kumar and Anil, for allegedly targeting elderly and less-educated people. The accused tricked victims into revealing ATM PINs, swapped their cards, and withdrew money. Police recovered 70 ATM cards, a POS machine, and mobile phones, with further investigation underway to identify other gang members and affected ATMs in Haryana and Delhi.
The goal is to ensure that your bank works for you, providing liquidity and convenience without charging you for the privilege of holding your own money.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, primarily driven by a more than 4 per cent surge in Tata Consultancy Services (TCS) shares following its robust Q2 net profit announcement. Track Sensex, nifty on October 9.
Lokayukta Police in Indore raided a head constable and his associates, uncovering properties worth approximately Rs 29.73 crore. The head constable, Firoz Khan, is accused of using his position to acquire disproportionate assets, significantly exceeding his legitimate income over 24 years of service. The investigation has identified 33 immovable properties, vehicles, bank accounts, and links to private companies.
Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.
