News for 'Banking'

ED Arrests Gameskraft Founders In Money Laundering Probe

ED Arrests Gameskraft Founders In Money Laundering Probe

Rediff.com8 May 2026

The Enforcement Directorate (ED) has arrested three founders of online gaming platform, Gameskraft, in an alleged fraud-linked money laundering case. Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the Prevention of Money Laundering Act (PMLA).

Markets to Track West Asia Situation, Crude Oil Prices This Week

Markets to Track West Asia Situation, Crude Oil Prices This Week

Rediff.com10 May 2026

Indian stock markets are expected to remain highly sensitive to geopolitical developments, particularly the US-Iran situation, and crude oil prices this week, with analysts also highlighting the influence of the rupee-dollar trend, foreign investor activity, and upcoming inflation data.

Xiaomi Unveils S Mini LED TV Series

Xiaomi Unveils S Mini LED TV Series

Rediff.com7 May 2026

Xiaomi has introduced its new S Mini LED series of smart televisions in India, marking its entry into Mini LED technology with enhanced picture quality, superior contrast and increased brightness. The series is available in 55, 65, and 75-inch sizes, with prices starting from 51,999, and offers banking discounts and EMI options.

Stock markets today: Sensex, Nifty50 slump in early trade

Stock markets today: Sensex, Nifty50 slump in early trade

Rediff.com8 May 2026

Indian equity markets experienced a significant decline in early trade, with the BSE Sensex and NSE Nifty dropping, as escalating geopolitical tensions in West Asia and a surge in global oil prices dampened investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 8, 2026.

Sri Lanka airport lease near China-controlled Hambantota port opens door for India

Sri Lanka airport lease near China-controlled Hambantota port opens door for India

Rediff.com2 days ago

India is closely monitoring Sri Lanka's decision to offer foreign investors control of an airport near the China-controlled Hambantota port, as it could present a rare opening for Indian firms seeking strategic footholds in the Indian Ocean.

How Paytm's Separation From PPBL Secured Its Future

How Paytm's Separation From PPBL Secured Its Future

Rediff.com29 Apr 2026

Following regulatory action against Paytm Payments Bank Ltd (PPBL), Paytm strategically separated its core operations, a move praised by analysts for preserving business continuity and governance. This separation has enabled Paytm to sustain growth and improve profitability.

Key Myanmar Drug Trafficker Arrested In Delhi

Key Myanmar Drug Trafficker Arrested In Delhi

Rediff.com2 days ago

The Narcotics Control Bureau (NCB) has arrested a major Myanmar-based drug trafficker in Delhi, who was a key supplier of methamphetamine and heroin across the India-Myanmar border. The arrest follows extensive surveillance and investigations into transnational drug trafficking networks.

Hampton Sky Realty Claims Innocence After Director's Arrest

Hampton Sky Realty Claims Innocence After Director's Arrest

Rediff.com9 May 2026

Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.

'Larger plot': Court sends NEET leak accused to 6-day CBI custody

'Larger plot': Court sends NEET leak accused to 6-day CBI custody

Rediff.com4 days ago

A Delhi court has remanded an accused in the NEET paper leak case to CBI custody for six days to unearth the conspiracy and identify other members of the gang.

Gadkari Threat Case: Two Get 5 Years Rigorous Imprisonment

Gadkari Threat Case: Two Get 5 Years Rigorous Imprisonment

Rediff.com4 days ago

A special court in Nagpur sentenced two men to five years of rigorous imprisonment for allegedly making threat calls to Union minister Nitin Gadkari in 2023 from a jail in Karnataka.

Vivo X300 FE: Flagship Features, India Launch, Pricing Details

Vivo X300 FE: Flagship Features, India Launch, Pricing Details

Rediff.com7 days ago

The new Vivo X300 FE, featuring a Snapdragon 8 Gen 5 chipset, 120Hz AMOLED display, and a versatile 50MP triple camera setup, is set to launch in India on May 14, with prices starting from 79,999.

Seven Women Arrested In UP School Embezzlement Case

Seven Women Arrested In UP School Embezzlement Case

Rediff.com3 May 2026

Seven women, including two wives of an accused peon, have been arrested in connection with an alleged embezzlement of Rs 5.5 crore from the District Inspector of Schools office in Pilibhit, officials said on Saturday.

Four Arrested Over Rs 4 Lakh Daylight Robbery In Delhi

Four Arrested Over Rs 4 Lakh Daylight Robbery In Delhi

Rediff.com7 May 2026

Delhi Police have arrested four individuals in connection with a daylight robbery near Azadpur Mandi, recovering a car purchased with the stolen money. The arrests followed an inter-state manhunt across Uttar Pradesh.

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

Rediff.com24 Apr 2026

Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.

CBI cracks NEET paper leak with arrest of 'source' professor in Pune

CBI cracks NEET paper leak with arrest of 'source' professor in Pune

Rediff.com4 days ago

The CBI claims to have cracked the NEET paper leak case with the arrest of a Pune-based professor, identified as the source of the leak. The professor allegedly exploited his position to leak the paper to students in exchange for money.

Delhi Police Bust Investment Scam, Arrest Two

Delhi Police Bust Investment Scam, Arrest Two

Rediff.com30 Apr 2026

Delhi Police have arrested two individuals involved in an investment scam where a local resident was cheated of Rs 1.60 lakh. The investigation has linked the accused to a broader cyber fraud network with transactions worth approximately Rs 68 lakh across multiple states.

Odisha Police Bust IPL Betting Racket, Five Apprehended

Odisha Police Bust IPL Betting Racket, Five Apprehended

Rediff.com3 May 2026

Odisha Police busted an IPL betting racket in Rajgangpur, Sundargarh district, arresting five individuals and seizing cash and frozen funds.

How Delhi Police Busted Cyber Fraud Impersonating Air Force Officials

How Delhi Police Busted Cyber Fraud Impersonating Air Force Officials

Rediff.com8 May 2026

Delhi Police have dismantled a cyber fraud racket based in Mewat, arresting four individuals for allegedly impersonating Indian Air Force officials and defrauding businessmen using forged documents.

Orissa High Court: Indiscriminate Bank Account Freezes Hurt Businesses

Orissa High Court: Indiscriminate Bank Account Freezes Hurt Businesses

Rediff.com12 Mar 2026

'Statutory power must be exercised in a manner that is fair, proportionate, and not excessive.' 'The authority must demonstrate a rational nexus between the property frozen and the alleged offence.'

BJP Leader Alleges 50 Lakh Land Scam, Files FIR

BJP Leader Alleges 50 Lakh Land Scam, Files FIR

Rediff.com6 days ago

A BJP politician in Bhadohi, Uttar Pradesh, has filed a police complaint alleging he was defrauded of 50 lakh in a land deal. Police have registered a case and are investigating the matter.

4 Reasons Why Market Recovered After March Crash

4 Reasons Why Market Recovered After March Crash

Rediff.com15 hours ago

'Once the market decides it wants to go up, it goes up -- no amount of bad news can really hold it back.'

Man Arrested For Cheating Delhi Resident In Visa Fraud

Man Arrested For Cheating Delhi Resident In Visa Fraud

Rediff.com6 days ago

Delhi Police have arrested a man from Maharashtra for allegedly cheating a Delhi resident of Rs 9.25 lakh on the pretext of arranging a visa and overseas job.

'Vote Jehad', 'Muslim League', What Next?

'Vote Jehad', 'Muslim League', What Next?

Rediff.com1 days ago

The only thing that might make the BJP stop trying to isolate Muslims completely will be if substantial numbers of the community vote for the party that flaunts its animosity towards it, notes Jyoti Punwani.

Retired Soldier Shoots Son Dead, Then Ends Life In Ludhiana

Retired Soldier Shoots Son Dead, Then Ends Life In Ludhiana

Rediff.com11 May 2026

A retired Army Havildar in Ludhiana allegedly shot dead his son after an argument over his relationship with a woman, then died by suicide.

Ex-Student Robs IAS Coaching Director Of Rs 1.89 Crore

Ex-Student Robs IAS Coaching Director Of Rs 1.89 Crore

Rediff.com4 May 2026

A woman director of an IAS coaching institute was allegedly robbed of Rs 1.89 crore by a former student and his associates at gunpoint in Bhopal after being held captive at a house.

Interstate ATM Theft Racket Busted In Meghalaya

Interstate ATM Theft Racket Busted In Meghalaya

Rediff.com29 Apr 2026

Police in Meghalaya have busted an interstate ATM theft racket, arresting six individuals in connection with a break-in at a bank ATM in the Ri-Bhoi district.

How ChatGPT Aided Fake IPL Ticket Scam In Lucknow

How ChatGPT Aided Fake IPL Ticket Scam In Lucknow

Rediff.com8 May 2026

Police in Lucknow have arrested four people for allegedly using ChatGPT and graphic design software to create and sell fake IPL tickets outside the Ekana Stadium.

'Indians Are Not Buying Too Much Of Gold'

'Indians Are Not Buying Too Much Of Gold'

Rediff.com14 hours ago

'Even last year, when India bought gold, the physical quantity was much less than the previous years.'

Supreme Court Grants Bail In Rs 3,700 Crore Investment Scam

Supreme Court Grants Bail In Rs 3,700 Crore Investment Scam

Rediff.com4 days ago

The Supreme Court granted bail to the wife of the alleged 'kingpin' of a Rs 3,700-crore scam and directed that no court shall de-freeze the assets attached by the probe agencies in the case till the trial in the FIRs against the accused are concluded.

Jharkhand Police Unearth Interstate Cyber Fraud Racket

Jharkhand Police Unearth Interstate Cyber Fraud Racket

Rediff.com30 Apr 2026

Jharkhand police have uncovered an interstate cyber fraud network and arrested four individuals involved in fraudulent transactions across 24 states. The investigation was initiated following inputs from the Union Home Ministry's 'Samanvaya portal', leading to the discovery of a bank account in Ramgarh district used for the illicit activities.

Court Rejects Indrani Mukerjea's Plea To Travel Abroad

Court Rejects Indrani Mukerjea's Plea To Travel Abroad

Rediff.com8 May 2026

A special court in Mumbai has denied Indrani Mukerjea, an accused in the Sheena Bora murder case, permission to travel to Spain and the United Kingdom, citing concerns about her being a flight risk and the trial nearing its conclusion.

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

Rediff.com11 May 2026

A software engineer earning a high salary allegedly abandoned his career to run a fake online trading racket, duping investors of nearly Rs 100 crore.

Why Was Ex-Minister Sujit Bose Sent To ED Custody?

Why Was Ex-Minister Sujit Bose Sent To ED Custody?

Rediff.com7 days ago

A city court has remanded former West Bengal minister Sujit Bose to Enforcement Directorate (ED) custody until May 21 in connection with the alleged municipal recruitment scam. Bose, a Trinamool Congress leader, was arrested after questioning and is accused of concealing information and making contradictory statements.

Why Jefferies Remains Bullish On Paytm's Growth

Why Jefferies Remains Bullish On Paytm's Growth

Rediff.com27 Apr 2026

Global brokerage firm Jefferies has reiterated its 'Buy' rating on Paytm, stating that the company's growth engine and profitability will remain intact despite regulatory action on its associate entity Paytm Payments Bank Ltd (PPBL). The company has maintained its price target of Rs 1,350, implying an 18 per cent upside.

Rs 50 Lakh Looted From SBI Branch In Surat

Rs 50 Lakh Looted From SBI Branch In Surat

Rediff.com27 Apr 2026

A gang of armed robbers targeted a State Bank of India branch in Surat, Gujarat, looting Rs 50 lakh in cash after threatening staff and customers.

Tensions flare as Palestinian FA chief snubs Israeli official at FIFA Congress

Tensions flare as Palestinian FA chief snubs Israeli official at FIFA Congress

Rediff.com1 May 2026

Palestinian soccer federation President Jibril Rajoub refused to stand alongside Israel FA Vice-President Basim Sheikh Suliman in a heated moment at the FIFA Congress on Thursday.

Enforcement Directorate To Target Crypto Frauds, Terror Financing

Enforcement Directorate To Target Crypto Frauds, Terror Financing

Rediff.com1 May 2026

The Enforcement Directorate (ED) is shifting its focus to emerging financial crimes such as cryptocurrency fraud, terror financing, cyber-enabled crimes, and narcotics trafficking, according to Director Rahul Navin. The agency reported a high conviction rate and significant asset restitution to victims of financial fraud.

Enforcement Directorate Freezes Accounts in IDFC Bank-Linked Money Laundering Probe

Enforcement Directorate Freezes Accounts in IDFC Bank-Linked Money Laundering Probe

Rediff.com13 Mar 2026

The Enforcement Directorate has frozen 90 bank accounts following searches related to the alleged siphoning of Rs 590 crore of Haryana government funds through IDFC First Bank, involving shell companies and bogus billing for gold purchases.

J-K Police Attach Assets Worth Over Rs 1.46 Crore From Drug Peddlers

J-K Police Attach Assets Worth Over Rs 1.46 Crore From Drug Peddlers

Rediff.com28 Apr 2026

Jammu and Kashmir Police attached properties worth over Rs 1.46 crore and froze bank accounts of four alleged drug peddlers in Samba district under the NDPS Act.

Sujit Bose Arrested In West Bengal Recruitment Scam

Sujit Bose Arrested In West Bengal Recruitment Scam

Rediff.com11 May 2026

Former West Bengal minister Sujit Bose has been arrested by the Enforcement Directorate in connection with a money laundering case linked to an alleged municipality recruitment scam.