A special CBI court in Mumbai has sentenced four individuals to imprisonment for their involvement in a 2012 case where the Bank of India suffered a loss of over Rs 3 crore due to a forged Letter of Credit.
A 69-year-old man in Mumbai was defrauded of 1.57 crore (157,000) in a 'digital arrest' cyber scam. The victim was tricked into transferring funds to accounts controlled by cyber criminals posing as police officers.
Police in Navi Mumbai have dismantled a fraudulent call centre accused of swindling individuals out of over Rs 1 crore by falsely promising high returns on share market investments. Two individuals have been arrested, and investigations are ongoing.
A local court in Mumbai has accepted the police's closure report in the alleged Rs 25,000 crore scam at the Maharashtra State Cooperative Bank (MSCB), giving a clean chit to the late deputy chief minister Ajit Pawar and other accused.
The Reserve Bank of India (RBI) has announced a record surplus transfer of Rs 2.87 trillion to the central government for FY26, driven by increased income and an expanded balance sheet, despite a reduction in the contingent risk buffer (CRB) to 6.5 per cent.
A 78-year-old woman in Mumbai was defrauded of over 25 lakh after a scammer gained access to her mobile phone under the guise of updating her electricity bill details.
The Maharashtra government has suspended a deputy collector for his alleged links with self-styled godman Ashok Kharat, in the first such crackdown on officials after the case rocked the state earlier this year.
The Enforcement Directorate conducted searches at multiple locations in Mumbai and Hyderabad as part of an investigation against Reliance Power Ltd., a group company of Anil Ambani, concerning alleged money laundering and financial irregularities.
'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'
Despite a sharp increase in import duties on gold and silver to 15 per cent, the precious metals are trading at significant discounts in the domestic market, with gold seeing discounts of up to $200 an ounce and silver up to $6 an ounce.
Reliance Group chairman Anil Ambani did not appear before the Enforcement Directorate for questioning in a money laundering case linked to an alleged bank fraud. The ED is investigating loan fraud allegations against multiple Anil Ambani group companies.
A Mumbai court has rejected a plea by a couple, former officials of New India Co-operative Bank, accused of a Rs 122-crore fraud, to appear via video conferencing from the UK, deeming their request as showing 'huge abysmal entitlement'. The couple cited a 'hostile environment' and 'threats to their lives' if they returned to India.
Two young men in Mumbai were defrauded of 23.43 lakh after being promised jobs in the Brihanmumbai Municipal Corporation (BMC). The accused, posing as a BMC employee, assured them of supervisor positions in the water department in exchange for money, providing fake joining letters and identity cards.
An email threatening missile and bomb attacks on the Maharashtra Vidhan Bhavan and other key locations in Mumbai prompted a security alert and extensive searches.
Indian benchmark equity indices, Sensex and Nifty, closed lower due to investor caution over rising bond yields, a weaker rupee, and fresh fuel price hikes, which have revived inflation concerns.
Delhi Police have arrested three individuals from Gujarat, Rajasthan, and Madhya Pradesh for allegedly providing mule bank accounts used to route over Rs 1.22 crore in proceeds from various cyber fraud schemes.
An email threatening missile and bomb attacks on the Maharashtra Vidhan Bhavan and other key locations in Mumbai triggered a security alert, prompting extensive searches and heightened security measures.
Authorities in Mumbai are investigating an email threatening bomb attacks on key buildings, including the Vidhan Bhavan and the Bombay Stock Exchange (BSE). Security has been heightened, and officials are working to trace the origin of the threat.
The Maharashtra government has suspended Deputy Collector Abhijit Bhande-Patil for his alleged links with self-styled godman Ashok Kharat, who was arrested in March on rape and financial irregularity charges.
Virat Kohli says Royal Challengers Bengaluru's IPL 2026 title win was powered by a complete team effort, praising the squad's depth, bowling strength and belief after RCB defeated Gujarat Titans to secure their second IPL crown.
Kanpur Police have dismantled a sophisticated cyber fraud syndicate, arresting eight individuals, including five bank officials, for facilitating mule accounts and hawala transactions worth Rs 125 crore.
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.
Gujarat police have arrested 10 individuals in connection with a cyber fraud racket involving over Rs 53 crore and spanning at least 20 states. The accused lured individuals into renting out their bank accounts, which were then used to receive and transfer funds obtained through various fraudulent schemes.
The ferocity and fearlessness of a 15-year-old Vaibhav Sooryavanshi will be pitted against the combined might of an explosive top-order when a resurgent Rajasthan Royals run into a solid Sunrisers Hyderabad in the Indian Premier League Eliminator in Mullanpur on Wednesday.
Virat Kohli credits the influence of young players for his T20 reinvention and fastest IPL fifty, leading Royal Challengers Bengaluru to their second successive trophy. He highlights the team's depth and shared responsibility in securing the IPL title.
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.
Assets worth Rs 3.78 crore belonging to drug kingpin Danish Merchant, a key associate of fugitive gangster Dawood Ibrahim, and his key aide were frozen under the SAFEMA and NDPS Act, an official said on Thursday.
There are rewards in the gentle rhythm of travelling with elders. You can actually unwind, relax and chill. You will not need a holiday to recover from the holiday when you return home!
The upcoming Tata Sons board meeting in June could possibly throw some light on several critical issues that may have a bearing on the future of the corporate behemoth.
Mumbai Police have arrested three men from Jharkhand for creating and selling fraudulent APK files used to scam people, particularly during a recent shortage of LPG cylinders.
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.
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.
The quantum of fraud detected by the bank is more than the 503 crore net profit it reported for the October-December quarter of 2025-2026.
Best in class asset quality, strong retail granularity, and a sustainable return ratio -- these are the things we will look at, says Yes Bank's new MD and CEO Vinay Tonse.
A 61-year-old woman from Thane was allegedly cheated of 15.76 lakh by fraudsters who claimed she had a parcel containing valuables arriving from abroad.
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). The court stated that the money laundering case could not proceed without a predicate offence.
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.
'It has always been viewed as a hedge against inflation.'
In the latest episode of The Rediff Podcast, Amrita Puri opens up about breaking stereotypes, dealing with the stigma of divorce and how therapy helped her find peace and self-love.
'Once the currency goes out of the hand, then possibly your major challenge is that it will not come back.'
