Fugitive diamond merchant Nirav Modi has been ordered by a UK High Court to pay Bank of India over USD 11.5 million, including accruing interest, for a personal loan guarantee related to his Dubai-incorporated firm, Firestar Diamond FZE.
The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.
An Indian national, Jay Sunilbharthi Goswami, has been arrested and charged in the US for his alleged role as a "money mule" in a multi-million-dollar internet and telephone fraud scheme targeting elderly victims. Goswami, a Gujarat native, was detained in Canada while attempting to flee to Qatar, facing charges including wire fraud and money laundering.
A 23-year-old youth was arrested on Monday for allegedly posting and circulating an edited social media reel featuring a 40-foot cutout of 18th-century Mysuru ruler Tipu Sultan with a pro-Pakistan song, the police said.
India is relying heavily on its boxing, weightlifting, and athletics contingents to maintain its two-decade streak of top-five finishes at the Commonwealth Games, which opens in Glasgow.
Telangana Chief Minister A Revanth Reddy's planned visit to the United States has been denied political clearance by the Ministry of External Affairs (MEA), citing non-conformity with laid down norms, forcing him to cancel the US leg of his 'TelanganaRising' delegation tour and return to Hyderabad earlier than planned.
Poor families, she said, cut corners on their own needs to pay for coaching and fees, and when their child clears JEE, it's the happiest day the family has had in years. So why, she asked, her voice already starting to climb, does the same system that we're told is the best in the country keep pushing those very students toward what she called 'institutional deaths'?
India is conducting a special audit of 101 cities to assess ease of living from the citizen's perspective, Comptroller and Auditor General K Sanjay Murthy said.
Ludhiana Police have busted a large cyber fraud racket, arresting 132 people involved in running fake call centres that targeted foreign nationals through various online scams.
The Delhi Metro Rail Corporation has partnered with Airtel Payments Bank to launch co-branded RuPay National Common Mobility Cards (NCMC), enabling seamless payments across various transit networks nationwide.
SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.
Taxpayers must provide more details to support deduction and exemption claims.
'After more than 12 years in power, he has been forced to retreat under public pressure. The education minister's resignation is the biggest political climbdown of his government so far.'
Four individuals have been arrested for allegedly running a sophisticated cyber fraud operation, duping people with fake discounted air tickets across multiple cities. Police recovered a substantial amount of cash and luxury items from the accused.
Free, customizable "fan bands" have become the unexpected must-have souvenir at the 2026 World Cup, with over 700,000 distributed. Sponsored by Bank of America, these charm wristlets feature subtle branding and have gone viral, even appearing on resale platforms. This marketing strategy offers a counterpoint to the tournament's high ticket and merchandise prices, proving that unique, free items can create significant fan engagement and brand visibility.
The Delhi government has approved an ambitious electric vehicle policy that eliminates registration fees and road taxes for EVs priced up to Rs 30 lakh, offers a Rs 1 lakh incentive for purchasing new EVs while scrapping old vehicles, and mandates that only electric two-wheelers can be registered starting April 2028.
Argentina and England are set to clash in a World Cup semi-final, marking their first such encounter, a match deeply rooted in decades of historical and footballing rivalry, including infamous incidents involving Antonio Rattin, Diego Maradona's 'Hand of God' goal, and the Falklands War.
Mexico will bid to continue their remarkable World Cup run when they face England in the last 16 on Sunday, with Javier Aguirre's side standing one victory away from a first quarter-final appearance in 40 years.
'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'
...exceeding their 49,340 crore equity selloff.
Larger NGOs could no longer work with smaller ones, especially those organisations working on the ground that had no means of or expertise in raising money themselves, reveals Aakar Patel.
Three people with suspected Pakistan-terror links were arrested for allegedly hurling "petrol bombs" at the Rashtriya Swayamsevak Sangh office in Ranchi, and one of them suffered bullet injuries in a gunfight while trying to escape from police custody on Thursday afternoon, an officer said.
Sonia Gandhi criticised PM Modi's Israel visit, calling it a "bewildering strategic decision" amid the regional conflict.
The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.
Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.
'The final electoral roll will be published on October 7, 2026.' 'If someone who is otherwise eligible does not find his/her name in that electoral roll, they can fill Form 6 along with other necessary documents to enrol his/her name in the electoral roll after the final publication of the electoral roll also.'
The NEET-UG re-exam was held at centres across the country and overseas on Sunday amid tight security arrangements for the smooth conduct of the examination.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.
The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.
The NTA has also confirmed that the upcoming re-examination, scheduled for June 21, 2026, will be conducted entirely free of cost for all previously registered candidates, funded fully through the agency's internal reserves.
Tensions in West Asia have dramatically escalated as Israel launched targeted military operations against Iran, triggering widespread blasts across strategic cities, following earlier Iranian projectile attacks on Israel.
A source familiar with US Treasury Secretary Scott Bessent's thinking revealed on Saturday that the department "intends to utilise all available authorities to make Iranian assets accessible for rebuilding and repair efforts related to any future damage inflicted by Iran."
Thousands and thousands and thousands of adults owe their lives to the commitment and medical fervour of Dr Armida Fernandez, who a grateful nation honoured with the Padma Shri this year.
After reviewing the preparations at the headquarters of the National Testing Agency (NTA), Pradhan said meetings have been held under the Cabinet secretary, and all the states have been asked to cooperate.
Mumbai Police's 1930 cyber helpline has successfully intercepted and frozen over 101 crore defrauded from citizens in the last five months, preventing significant financial losses.
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.
The BJP has criticised Rahul Gandhi for his delayed response to the killing of a 26-year-old man in Uttam Nagar, Delhi, accusing him of hypocrisy and pandering to vote bank politics. BJP leaders allege Gandhi is attempting to whitewash the incident and protect the perpetrators.
Hyderabad Police Commissioner V C Sajjanar convened a meeting with bankers to address the misuse of bank accounts in cyber frauds and implement preventative measures, following 'Operation Octopus' which dismantled cyber fraud networks and led to arrests of complicit bank officials.
