The Reserve Bank of India (RBI) on Friday announced a set of liquidity measures through open market operations (OMOs), dollar-rupee buy-sell swaps, and long-term variable rate repo (VRR) operations, in a bid to infuse liquidity into the banking system.
Hyderabad Police Commissioner V C Sajjanar has proposed a Joint Working Group with the RBI and banks to address the issue of mule bank accounts used in cyber fraud. The proposal follows 'Operation Octopus,' which exposed vulnerabilities in KYC verification. Sajjanar also recommended strict directives for banks to fix accountability and adopt advanced technology to detect suspicious transactions.
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.
Market participants said expectations of a rise in interest rates by the RBI and US Fed's comments on its stimulus programme are likely to keep the market nervous in the week ahead.
The Enforcement Directorate has attached fresh assets worth Rs 3,034 crore as part of its ongoing money laundering probe against the Reliance Anil Ambani Group (RAAG) companies.
The Enforcement Directorate (ED) has approached a special PMLA court in Mumbai seeking a production warrant against Ashok Kharat, a self-styled godman and astrologer, in connection with a money laundering case linked to rape and fraud allegations.
At a time when the global banking industry is feeling the pinch of the global credit crunch, Central Bank of India is planning to expand its foreign presence.
India's forex reserves decreased by $2.119 billion to $723.608 billion during the week ended February 20, according to the RBI.
India has joined over 100 countries and global organizations in condemning Israel's "unilateral" decisions and measures aimed at expanding its "unlawful presence" in the West Bank.
Central Bank of India has said it will take a decision in the current financial year to enter insurance business.
The Enforcement Directorate (ED) has requested a special PMLA court in Mumbai to issue a production warrant against Ashok Kharat, a self-styled godman-cum-astrologer, who is accused of rape and fraud and is currently in police custody in Nashik district, in connection with a money laundering case.
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
India's forex reserves dropped by $6.71 billion to $717 billion during the week ended February 6, the RBI said on Friday.
Union Education Minister Dharmendra Pradhan has directed officials to address issues faced by students regarding the CBSE examination system, following allegations of irregularities. The government has committed to transparency and accountability, assuring that all genuine concerns will be addressed effectively.
The source of a leaked NEET-UG 2024 guess paper has been traced to a medical student in Kerala, originally from Sikar, Rajasthan. The student shared the paper with friends and a hostel owner, leading to wider circulation and a subsequent investigation.
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.
Indrani Mukerjea, accused in the Sheena Bora murder case, has filed a plea in a Mumbai court seeking permission to travel abroad while out on bail. The court has partly heard her arguments, following a Supreme Court directive to decide on her application within four weeks.
Fixed deposits from nationalised banks delivered higher returns than equities, outperforming both inflation and stock market benchmarks.
India's forex reserves jumped $8.663 billion to hit a new all-time high of $725.727 billion in the week ended February 13, the RBI said on Friday.
The CBI has arrested three individuals, including an IndusInd Bank assistant manager, in connection with a Rs 1.6 crore "digital arrest" scam. The arrests followed searches in Telangana and Andhra Pradesh.
A special court in Mumbai discharged NCP (SP) MLA Rohit Pawar and others in a case registered by the Enforcement Directorate concerning an alleged Rs 25,000 crore scam at the Maharashtra State Co-operative Bank (MSCB).
Central Bank of India's 21.5 per cent assets are either bad or have been restructured.
Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
Faridabad police arrested five suspects, including the kingpin, linked to a sextortion racket that allegedly trapped people using fake profiles on social media and online dating platforms before coercing them for money.
The recent correction suggests that while precious metals hedge geopolitical tension and inflation, they are not immune to sharp short-term corrections and profit-booking.
The CBI has registered an FIR to investigate the alleged embezzlement of 550 crore from Haryana government accounts held with IDFC First Bank, following a referral from the state government.
A 47-year-old helper at a sweet shop was apprehended from Madhya Pradesh's Gwalior for allegedly stealing Rs 3.85 lakh from his employer in central Delhi.
The Reserve Bank of India (RBI) announced that it processed 99.8% of applications within the prescribed timeline under its Citizen's Charter in February, demonstrating high efficiency in its operations.
Indian stock markets extended their gains for a third consecutive day, with the Sensex climbing 753 points and the Nifty closing above 24,550, driven by a drop in crude oil prices and optimism surrounding potential peace talks between Iran and the US.
India's forex reserves jumped by another $14.36 billion to a new all-time high of $723.77 billion during the week ended January 30, the Reserve Bank said on Friday.
The easing of external commercial borrowing (ECB) norms by the Reserve Bank of India (RBI) is expected to significantly boost overseas fundraising by Indian companies, market participants said.
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.
The Enforcement Directorate (ED) has seized Rs 1.4 crore and incriminating documents during raids related to money laundering against suspended Punjab Police DIG H S Bhullar and his associates.
Mizoram police and Assam Rifles seized methamphetamine tablets worth Rs 38.7 crore in Champhai district, bordering Myanmar, arresting three individuals including a Myanmar national.
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate (ED) to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
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.
Commodity markets, especially the metals, are among the most volatile segments of the Indian financial ecosystem. To traders involved in commodity trading, it is not only helpful to keep track of the daily price changes but also necessary to make informed trading decisions. Commodities like gold, silver, copper, and aluminium react to many different factors, which makes it imperative for commodity traders to watch out for metal prices every day.
Reliance Power clarifies that Amitabh Jhunjhunwala, arrested in a money laundering case, has not been associated with the group since 2019. The case involves alleged bank loan fraud through Reliance Group companies.
A 61-year-old man from Mangaluru was allegedly cheated of Rs 2.07 crore by cyber fraudsters posing as officials of central investigative agencies in a 'digital arrest' scam, police said.
