Sustained selling by foreign investors is weighing on domestic equities, with the benchmark Sensex and Nifty 50 down 15.60 per cent and 14.4 per cent, respectively, this year.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
Telangana's Anti-Corruption Bureau (ACB) arrested a Tahsildar and a Mandal Surveyor in Abdullapurmet Mandal, Ranga Reddy district, on Monday for allegedly accepting a Rs 20 lakh bribe. The officials had initially demanded Rs 30 lakh for a survey report related to a layout under HMDA guidelines.
Assam police have seized 27.3 kg of opium valued at approximately Rs 2 crore in Kokrajhar district, leading to one arrest. The drugs were found in specially constructed compartments within a vehicle. Chief Minister Himanta Biswa Sarma praised the police for their successful operation.
The Central Bureau of Investigation (CBI) arrested a superintendent of the CGST and Central Excise Commissionerate in Bhopal for allegedly accepting a Rs 2 lakh bribe. Rajesh Kumar was caught red-handed after demanding a monthly bribe from a firm's proprietor to not obstruct their scrap business. Searches at his residences uncovered Rs 72.50 lakh in cash and property documents.
Ajay Devgn celebrates a career milestone as his latest film, Drishyam: The Conclusion, shatters box office records by crossing the Rs 300 crore mark in a mere 10 days.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
Delhi Police have arrested 11 individuals involved in multiple "digital-arrest" scams, recovering over Rs 12 crore. The scams, linked to handlers in Southeast Asia, have affected 78 complainants nationwide, totaling Rs 73 crore. A retired scientist was defrauded of Rs 1.25 crore, with the entire amount frozen. The investigation uncovered a network arranging mule bank accounts and using cryptocurrency for commissions.
Four inter-state drug peddlers were arrested in Ranchi, Jharkhand, with brown sugar valued at Rs 23 lakh. Police seized 340 grams of the drug, Rs 9,100 in cash, and vehicles. The accused, including three from Bihar and one from Ranchi, planned to sell the contraband during festivals. An FIR has been registered under the NDPS Act.
A special PMLA court in Mumbai has allowed the monetisation of attached assets worth over Rs 3,400 crore in the National Spot Exchange Limited (NSEL)-linked payment default case. This decision paves the way for the restitution of funds to thousands of investors who have been awaiting recovery for 13 years since the 2013 payment default.
A special PMLA court in Mumbai has allowed the monetisation of attached assets worth over Rs 3,400 crore in the National Spot Exchange Limited (NSEL)-linked money laundering case. This decision paves the way for the restitution of funds to thousands of investors who have been awaiting recovery for 13 years since the 2013 payment default. Up to Rs 1,950 crore from the monetisation will be paid to 63 Moons Technologies Ltd for specified creditors.
The Enforcement Directorate (ED) has claimed that Rs 860-Rs 880 crore generated from an alleged liquor scam in Chhattisgarh during the previous Congress regime was delivered to the Pradesh Congress Committee office in Raipur. The agency filed a supplementary chargesheet against former PCC treasurer Ramgopal Agrawal and provisionally attached his properties worth Rs 9.06 crore. The ED alleges a liquor syndicate controlled the state excise department, generating over Rs 2,883 crore in illegal proceeds.
Equity mutual fund schemes recorded a net inflow of Rs 38,306 crore in September, a 31 per cent increase from the previous month, driven by strong investor interest in mid-cap and small-cap funds despite stock market volatility and foreign portfolio investor (FPI) sell-offs.
Meghalaya Police arrested four individuals and confiscated 409.89 gm of suspected heroin, estimated to be worth Rs 1.5 crore, in the East Jaintia Hills district. The seizure occurred during a routine check when an ambulance travelling from Silchar to Guwahati was intercepted, and the contraband was found concealed inside. A case has been registered under the NDPS Act.
Telangana police have arrested two individuals from Andhra Pradesh in connection with a large-scale cryptocurrency investment fraud. The accused allegedly operated a Ponzi scheme through a fake website, cheating around 500 victims of over Rs 10 crore by promising to double investments and offering commissions for recruiting new members.
Madhya Pradesh's Lokayukta police raided 15 premises linked to head constable Firoz Khan in Indore and Dewas, uncovering assets worth Rs 6.27 crore. This amount is more than three times his legitimate income over 24 years of service. Khan is accused of misusing his position in property dealings, and an FIR has been registered under the Prevention of Corruption Act, with a woman associate also named as an accused.
The Narcotics Control Bureau (NCB) in Guwahati has arrested two individuals from Manipur and seized over 53 kgs of methamphetamine, valued at more than Rs 43 crore, hidden in truck fuel tanks in Assam. The consignment, sourced from Myanmar, was intercepted on October 6, and a probe is underway to identify the network involved.
Assam Police's Special Task Force (STF) seized Yaba tablets worth Rs 10 crore and arrested one person in Kamrup district. Chief Minister Himanta Biswa Sarma confirmed the bust, highlighting the state's commitment to combating drug menace as part of the Nasha Mukt Bharat Abhiyan.
A businessman in Ratlam was allegedly defrauded of Rs 55 lakh by cyber criminals posing as police officers. The fraudsters claimed his mobile number was linked to Pakistan's ISI and threatened legal action, coercing him to transfer funds. Three accused have been apprehended, and Rs 20 lakh of the defrauded amount has been blocked.
A 62-year-old farmer from Dakshina Kannada district was digitally arrested and duped of Rs 1.31 crore by cybercriminals impersonating Mumbai police and ATS officers. The fraudsters coerced him into transferring money by falsely claiming he was involved in a terror attack. A case has been registered, and investigation is ongoing.
Police in Latur, Maharashtra, have registered a case against three individuals for allegedly defrauding multiple people of Rs 1.13 crore by promising them jobs through a placement company. The fraud reportedly occurred between August 25 last year and October 9 of this year.
Delhi Police have arrested three individuals, including the alleged mastermind, for orchestrating a honey-trap and extortion scheme. The accused attempted to frame a man in a false rape case to extort Rs 50 lakh, a plot reportedly linked to a family property dispute.
Nanded Police conducted a major operation against illegal sand extraction and transportation from the Godavari riverbed, seizing assets worth Rs 13.12 crore, including boats, vehicles, and equipment. The crackdown involved a large police force and resulted in the destruction of some heavy machinery and the registration of cases against those involved.
The Sports Authority of India (SAI) and Indian Oil Corporation have signed an MoU for Rs 40 crore over two years to bolster boxing in India. This partnership, leveraging CSR funds and SAI's expertise, aims to enhance talent identification, athlete development, coaching, and international exposure for boxers, aligning with the revamped Khelo India Scheme.
Customs officials at Indira Gandhi International Airport in New Delhi arrested an Indian woman arriving from Bangkok after recovering 16 kg of hydroponic cannabis, valued at Rs 5.62 crore, from her baggage. The seizure was made on October 10, and the woman was arrested under the NDPS Act.
Thane Crime Branch arrested two individuals with 2.72 kilograms of ambergris, also known as whale vomit, valued at Rs 2.72 crore in the international market. The protected marine substance, used in luxury perfumes, was seized during a trap operation, and a case has been registered under the Wildlife Protection Act.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 44,166 crore from Indian equities in October, pushing the total outflows for the year past Rs 3 lakh crore, driven by elevated crude oil prices, a stronger US dollar, higher US bond yields, and the allure of AI-led rallies in North Asian markets.
Punjab Chief Minister Bhagwant Mann announced a new skating track in Dhuri, Sangrur, aiming to develop the district into a skating hub. He highlighted the government's commitment to sports with a Rs 1,790 crore allocation and ongoing initiatives like 'Khedan Watan Punjab Diyan' to nurture young talent and promote a healthy lifestyle.
Madhya Pradesh Deputy Chief Minister Jagdish Devda removed his Officer on Special Duty (OSD), Deepam Raichura, following allegations of accepting a Rs 1 crore bribe related to liquor contracts in Bhopal. The allegations were made by Mohit Gogiya, an accused in a large fraud case, who claimed Raichura facilitated liquor contracts and helped secure a fake bank guarantee. Devda has ordered a probe into the matter.
Assam Rifles seized methamphetamine tablets valued at Rs 3.55 crore in Mizoram's Champhai district. The seizure, weighing 4.4 kg, occurred near Zokhawthar along the India-Myanmar border on Friday, following a tip-off. The drugs have been handed over to the state's Excise and Narcotics Department for further legal action, highlighting ongoing efforts to combat drug trafficking.
Maharashtra is grappling with an escalating drought crisis, with 305 talukas now declared drought-hit, prompting the state government to announce Rs 5,000 in financial aid for farmers before Diwali and extend comprehensive relief measures.
An 85-year-old woman was allegedly cheated of Rs 76.50 lakh by a bank manager and his family on the pretext of investing in shares. The manager, Jay Mukesh Mehta, was arrested after being on the run for six months, while his wife, father, mother, and brother remain absconding. The family reportedly duped others using the same method.
'People used to say he had a quick temper or acted out but anger only arises when things aren't organised.'
Virat Kohli's spokesperson has strongly denied claims by Dinesh Sharma, also known as Falahari Maharaj, that the cricketer was paid Rs 5 crore for visiting spiritual leader Premanand Govind Sharan Ji Maharaj's ashram in Vrindavan, stating the visits are driven by personal faith.
Mizoram police have successfully recovered over Rs 1 crore for cybercrime victims this year and arrested nine alleged cybercriminals. The state has also established a dedicated State Cyber Crime Coordination Centre (S4C) to enhance its efforts in detection, investigation, and public awareness against cybercrime.
Telangana's Anti-Corruption Bureau (ACB) has registered a Disproportionate Assets case against a Civil Supplies department official in Mahabubabad district. Searches at seven locations revealed assets worth approximately Rs 9.41 crore, including immovable and movable properties. The investigation is ongoing, with further verification of assets and their sources underway.
A Town Planning Supervisor with the Greater Hyderabad Municipal Corporation (GHMC) was caught red-handed by the Anti-Corruption Bureau (ACB) while allegedly accepting a Rs four lakh bribe. The officer had demanded Rs eight lakh to overlook building construction orders and avoid harassing a complainant. Unaccounted cash of Rs 2.5 lakh was also seized from her.
The Directorate of Revenue Intelligence (DRI) has seized over 5.8 kg of foreign-origin gold, valued at Rs 8.98 crores, following a high-speed highway chase near Visakhapatnam, Andhra Pradesh. Two individuals transporting the gold from Kolkata to Hyderabad, which was smuggled via the India-Bangladesh border, have been arrested and remanded to judicial custody.
Four farmers in Latur, Maharashtra, suffered an estimated loss of Rs 14 lakh after their harvested soybean stocks were allegedly set on fire by an unidentified person late on Monday night. The incident occurred amidst drought conditions, exacerbating the financial hardship for the farmers who had cultivated the crops with limited water. Police are investigating, and villagers are demanding justice and financial assistance for the affected.
The Fenesta Open National Tennis Championship has launched an Rs 11 lakh Player Development Scholarship. This initiative, supported by DCM Shriram Foundation, aims to nurture talent by providing financial aid to winners and runners-up across five singles categories, supplementing the existing prize money.
