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The Enforcement Directorate (ED) has arrested Nowhera Shaik, the prime accused in the Heera Group-linked alleged investment fraud, from an Airbnb property in Gurugram. Shaik was living under a fake identity and using forged documents. The Heera Group allegedly collected over Rs 5,978 crore from the public, promising high returns but failing to return even the principal amount.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
Delhi Police have arrested two men from Gujarat for allegedly defrauding a Delhi resident of Rs 9.75 lakh under the guise of high-return share market investments.
Delhi Police have arrested two individuals for allegedly defrauding a man of Rs 7 lakh through a fake stock investment scheme operated via a social media app. The accused lured victims with promises of high returns before siphoning off the funds.
Long-duration bonds allow investors to match investment tenure with long-term liabilities and also stabilise their long-duration portfolios.
Kerala, Tamil Nadu and West Bengal have been fiscally stressed for a considerable period of time, and there are no easy ways to mobilise revenues to meet the cost of the promised freebies, particularly in the prevailing difficult economic scenario, points out M Govinda Rao.
The CBI has arrested five individuals, including a key figure, in connection with the LUCC chit fund scam in Uttarakhand, which involves over Rs 400 crore. The case concerns alleged irregularities by the Loni Urban Multi-State Credit and Thrift Co-operative Society (LUCC), accused of enticing investors into unregulated schemes.
Tata Steel more than doubled its Indian capacity through acquisitions and expansion, strengthening cash generation as it pursued a costly restructuring of its European operations.
Union Minister Bandi Sanjay Kumar announced India's ambitious plan to rank among the top 10 sporting nations by 2036 and top five by 2047. He highlighted the central government's commitment to sports development through initiatives like Khelo India, increased budget allocation, and a special fund for sports equipment and technology, emphasising sports as a tool for nation-building and youth empowerment.
Union Minister Bandi Sanjay Kumar announced India's ambitious plan to rank among the top 10 sporting nations by 2036 and top five by 2047. He highlighted the central government's commitment to sports development through initiatives like Khelo India, increased budget allocation, and a special fund for sports equipment and technology, emphasising sports as a tool for nation-building and youth empowerment.
Taxpayers must provide more details to support deduction and exemption claims.
FIFA President Gianni Infantino is facing a deepening crisis after his proposal to sell a stake in the World Cup was abandoned, leading to public distancing from influential executives and calls for his removal from office.
Following the Supreme Court's clean chit in the coal block allocation case, Congress leader Sonia Gandhi has lauded former Prime Minister Manmohan Singh's integrity and accountability, drawing a sharp contrast with the Narendra Modi government's operational style and alleged misuse of investigative agencies.
For India, the guiding principle should remain clear: Engage Bangladesh as a sovereign nation and society rather than through the prism of any individual leader or political party, suggests Manoj Mohanka.
The initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd was subscribed 13.13 times on the second day of bidding, driven by strong interest from non-institutional and retail investors.
Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.
FIFA's proposal to create a $20 billion subsidiary for the World Cup, offering up to 20% stakes to external investors, aims to democratise global football finance but has been condemned by UEFA as selling the game's "soul."
A special court in Thane, Maharashtra, has sentenced the mastermind of an investment fraud to rigorous imprisonment and ordered the auction of his properties to repay duped investors.
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.
The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.
The initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd was subscribed an impressive 128.85 times on its final day of bidding, largely driven by robust demand from Qualified Institutional Buyers (QIBs).
Kerala Chief Minister V D Satheesan on Thursday hit out at the previous Left Democratic Front government, claiming that it had left behind huge liabilities, including Kerala Infrastructure Investment Fund Board borrowings, amounting to Rs 5.07 lakh crore.
Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.
Dharmendra Pradhan's resignation is significant because it punctures, however slightly, the perception that the Modi government never retreats under pressure. Every long-serving government eventually reaches a point where every institutional failure is identified with the leader himself. Removing the minister may have prevented that political burden from falling directly on Modi. Whether it also resolves the underlying crisis is another matter, notes Ramesh Menon.
From the next financial year, the government will utilise the disinvestment proceeds for recapitalisation of banks and for subscribing to the shares of Central Public Sector Enterprises and preferential allotments.
Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.
In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.
'Investing in these funds makes sense if their net yield over better-quality funds -- corporate bond funds or banking and PSU funds -- is meaningful.'
Indian-origin golfer Manav Shah, born in California to Gujarati parents, is set to make his US Open debut after years of dedication on public courses and global qualifying circuits. His journey includes reconnecting with his Indian roots through the Asian Tour and the Indian Golf Premier League, which he credits for strengthening his self-belief.
Investors should do thorough due diligence when selecting a platform.
Police investigating the alleged embezzlement of donations at the Ram temple in Ayodhya have requested seven-day custody for two jailed accused, Ram Shankar Yadav and Subhash Srivastava. This request follows new disclosures that necessitate further verification and recovery of evidence. The court is set to hear the remand application on July 14, as investigators scrutinise financial transactions and property purchases to trace the diverted funds.
Emirates NBD Bank has successfully acquired a 60 per cent majority stake in RBL Bank through a primary capital infusion of approximately USD 2.75 billion, marking the largest foreign direct investment in India's banking sector.
The complainant in a Rs 71.6 lakh cheating case involving CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal has withdrawn his grievance after recovering his invested amount. The arrests were made following an FIR registered on March 16 at Mumbra police station against Gupta, Khandelwal and four others on charges of cheating, criminal breach of trust and fraud.
Beijing clearly intends to extend the China-Myanmar Economic Corridor to Bangladesh as part of its larger Maritime Belt and Road Initiative to boost its Indian Ocean presence.
The Enforcement Directorate (ED) is set to appeal the Delhi High Court's decision to quash a money laundering case against news portal NewsClick and its editor-in-chief Prabir Purkayastha, arguing that the High Court 'overlooked or left unaddressed' critical contentions regarding alleged FDI rule violations and false representations to authorities.
Students and families must stress test repayment capacity based on Indian salary standards.
The Enforcement Directorate has arrested Jai Prakash Gandhi in connection with an alleged land acquisition compensation fraud amounting to Rs 9.27 crore related to the Bharatmala highway project in Chhattisgarh. Gandhi is accused of illegally acquiring land and fragmenting it to claim inflated compensation from NHAI.
