Gold prices in the national capital surged by Rs 600 to Rs 1.65 lakh per 10 grams, extending gains for the third consecutive day, while silver rebounded by Rs 5,000 to Rs 2.71 lakh per kilogram, driven by geopolitical tensions and inflation concerns.
Global financial institutions, including Goldman Sachs and Citigroup, have invested Rs 963 crore in One 97 Communications (Paytm's parent company) through open market transactions, acquiring a 1.34 per cent stake from SAIF Partners and Elevation Capital.
Cash remains dominant for many transactions despite continued expansion in digital payments across the country.
Customs officials at Delhi's Indira Gandhi International Airport seized approximately Rs 48 crore worth of hydroponic weed from two Thai nationals arriving from Bangkok.
Odisha Vigilance arrested a cooperative official, Tarini Prasad Tripathy, for his alleged involvement in a Rs 75 lakh fraud case at K Singhpur Large Area Multi-Purpose Co-operative Society (LAMPCS) in Rayagada district.
An unidentified person allegedly stole cash and valuables worth Rs 13 lakh from a house in Thane district, Maharashtra, after breaking in during the night.
Faridabad police have arrested a husband and wife from Mumbai for allegedly defrauding people of approximately Rs 31 crore through fraudulent investment schemes in forex trading and film production.
Andhra Pradesh Chief Minister N Chandrababu Naidu has announced incentives for families to encourage larger families and reverse the state's declining population trend.
Virat Kohli has emerged as the highest earner in IPL history, grossing Rs 230 crore. Kolkata Knight Riders leads franchise valuations at over Rs 19,200 crore.
Customs officials at Delhi's IGI Airport seized suspected hydroponic weed worth approximately Rs 48 crore from two Thai nationals arriving from Bangkok.
Bank of Baroda economists project India's GDP to grow 6.5-6.8 per cent in FY27 but warn that the fiscal deficit could overshoot the budgeted 4.3 per cent target, potentially reaching 4.7-4.8 per cent of GDP due to subsidy overruns, excise duty cuts, and oil marketing company losses.
Police in Pratapgarh district, in a joint operation with the Anti-Narcotics Task Force (ANTF) Prayagraj unit, arrested a drug smuggler and recovered 503.6 grams of heroin valued at over Rs 1 crore.
Delhi Police have arrested three individuals, including a history-sheeter, in connection with the snatching of Rs 5 lakh from a man in Punjabi Bagh earlier this month. Police recovered Rs 2.15 lakh and the motorcycle used in the crime. Investigations are ongoing to apprehend the remaining suspects and recover the remaining amount.
The Directorate of Revenue Intelligence (DRI) arrested a man travelling from Kathmandu to Delhi in Lucknow and recovered over 5 kg of heroin worth more than Rs 10 crore.
A 28-year-old man was arrested with 2.9 kg of opium in Jharkhand's Chatra district. Police also seized 170 kg of poppy husk in a separate operation.
Police in Kathua district, Jammu and Kashmir, have attached properties worth approximately Rs 7 crore belonging to a detained drug peddler, as part of an intensified campaign against drug trafficking networks.
A 47-year-old man from Palakkad has been arrested for allegedly cheating a Thiruvananthapuram resident of over Rs 1.19 crore in an online trading scam.
Life Insurance Corporation of India (LIC) announced a significant 23 per cent increase in its net profit for the March quarter, reaching Rs 23,420 crore, alongside a rise in total income and premium collections.
The Directorate of Revenue Intelligence (DRI) in Ludhiana seized over 4 kg of opium worth Rs 21.69 lakh, uncovering a cross-border drug smuggling operation using courier channels.
Mumbai Police have arrested a man for allegedly cheating a couple of Rs 30 lakh by promising them a flat in a Slum Rehabilitation Authority's building in Andheri.
Eight people have been arrested in Ahmedabad for allegedly stealing 2.1 kilograms of gold jewellery worth Rs 2.58 crore from an Akasa Air cargo shipment. The theft involved a pre-planned racket, with two Akasa Air employees among those arrested. The airline has terminated their services and is cooperating with the police investigation.
The Reserve Bank of India (RBI) has declared a record Rs 2.87 lakh crore dividend to the government for the 2025-26 financial year, offering significant financial flexibility amidst global economic uncertainties.
Five individuals have been arrested in Indore, Madhya Pradesh, for allegedly possessing mephedrone worth Rs 1 crore. The arrests were made following a tip-off, leading to the interception of a car and two motorcycles. The accused were apprehended after attempting to flee, and a kilogram of the drug, along with a country-made pistol, was recovered.
Petrol and diesel prices in India have been increased by Rs 3 per litre each, marking the first rate hike in over four years. This decision follows a period of stable prices during recent state elections, despite rising global crude oil prices and significant losses for fuel retailers.
Gold prices in the national capital fell by Rs 600 to Rs 1.64 lakh per 10 grams, influenced by tentative progress in US-Iran negotiations, which reduced demand for precious metals. However, unresolved tensions surrounding the Strait of Hormuz continue to keep traders cautious.
Police in Dahod, Gujarat, seized over Rs 2.56 crore in unaccounted cash from a car during a routine vehicle check. The cash was being transported from a courier firm to Vadodara, and the driver could not provide documentation for the money's source.
A gold jewellery firm in Bengaluru was allegedly cheated of Rs 3 crore by three men posing as wholesale buyers who decamped with ornaments.
A 35-year-old man from Thane district was allegedly cheated of Rs 2 lakh in a US dollar exchange fraud in Navi Mumbai. The victim was shown bundles appearing to contain US currency, but they turned out to be paper rolls and soap bars.
Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.
India's fertiliser subsidy bill is projected to increase by approximately 70,000 crore, reaching around 2.41 trillion in FY27, primarily due to rising import costs exacerbated by the ongoing West Asia crisis.
Petrol and diesel prices have been increased by Rs 3 per litre each, marking the first hike in over four years, as state-run fuel retailers pass on some of the impact from surging global crude prices, which have been exacerbated by the Iran war.
State-run Bharat Petroleum Corporation Ltd (BPCL) plans a significant capital expenditure of 25,000 crore for the financial year 2026-27, primarily for ongoing expansion projects. The company also stated that the recent 4-per-litre price hike in petrol and diesel has provided some financial relief amidst volatile crude oil prices and mounting losses.
A jewellery trader in Thane was allegedly cheated of Rs 14 lakh by six individuals who promised to sell him gold at a discounted price but failed to deliver.
PepsiCo India plans a significant investment of Rs 5,700 crore by 2030 to enhance its production capabilities, focusing on its concentrate plant in Madhya Pradesh, a unit in Assam, and land acquisition in Tamil Nadu to expand its snack business footprint in South India.
Two men in Gurugram hired an SUV from a rental shop and sold it in Rajasthan for Rs 2.3 lakh. Police arrested the accused, who have a prior criminal history.
India's top 16 IT services companies distributed a record 1.3 trillion to shareholders in FY26 through dividends and share buybacks, a 36.3 per cent increase from FY25, even as the industry grappled with AI-driven business model threats and a significant decline in market capitalisation.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 27,048 crore from Indian equities so far in May, bringing the total outflows for 2026 to Rs 2.2 lakh crore, driven by global macroeconomic and geopolitical uncertainties.
Quick commerce platform Zepto is reportedly planning to launch its Rs 11,000-crore Initial Public Offering (IPO) in July, following SEBI approval. The company is pursuing a distinct growth strategy, focusing on market density and operational intensity in metro markets rather than rapid geographic expansion, a move that sets it apart from rivals like Zomato and Swiggy.
A bomb threat at Jaipur's Sawai Man Singh Hospital caused panic after a caller demanded Rs 40 crore, threatening to blow up the premises. A search operation found no suspicious objects, and the caller was traced to Haryana and detained.
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