J&K Bank MD and CEO Amitava Chatterjee defended the surcharge on UPI transactions above Rs 2,000, stating it is necessary for the system's long-term sustainability. He also discussed the shift of household savings to mutual funds, the bank's profit growth, and India's consumption-based economy.
Pune police have arrested two more individuals, Swapnil Bhagwan Kamble and Chaitanya Uttam Babar, in connection with the alleged contract attack on businessman Rana Suryavanshi near Baramati airport. A minor has also been apprehended, bringing the total arrests to four. The attack was reportedly a contract hit for Rs 2 lakh, with one accused, Dnyandev Mahadev Shinde, allegedly paying two youths to execute it. The motive behind the crime is yet to be established.
Indian batters G Kamalini and Sneh Rana, Australian captain Sophie Molineux, and Sri Lanka skipper Chamari Athapaththu are among 146 players shortlisted for the Women's Premier League auction in Kochi on October 28, competing for 27 available slots.
Growth in India's currency in circulation (CiC) has reached a five-year high, primarily due to deposits under the Foreign Currency Non-Resident (Bank), or FCNR(B), scheme, leading to a robust increase in reserve money, according to the Reserve Bank of India's (RBI) 'State of the Economy' report.
Gujarat CID-Crime has registered FIRs against three political outfits Swatantrata Abhivyakti Party, Satyavadi Rakshak Party, and Garib Kalyan Party for allegedly orchestrating a 'poll donation scam' amounting to Rs 314 crore in tax evasion. These parties reportedly collected donations, returned money after deducting commissions, and facilitated tax rebates for donors, with chartered accountants also implicated. The scam involved submitting false contribution reports to the Election Commission.
Global payments solution major Mastercard has fully exited Indian fintech firm Pine Labs, selling its entire 4.31 per cent stake for Rs 933 crore through block deals on the BSE.
A Goods and Services Tax inspector in Gurugram was caught red-handed by the Haryana State Vigilance and Anti-Corruption Bureau while accepting a bribe of Rs 7,000 from a businessman for issuing a GST registration number. The inspector, Shruti Rani, had allegedly withheld the businessman's file, prompting him to complain to the ACB.
Apple's highly anticipated and most expensive foldable smartphone, the iPhone Duo, has completely sold out its first week's stock in India through pre-bookings, ahead of its official sale date of October 23. This strong demand, particularly at Apple Stores in Mumbai and New Delhi, signals a significant entry into the premium foldable market.
The Nagpur Crime Branch has intercepted a truck carrying 39,000 bottles of spurious liquor, valued at Rs 15.60 lakh, intended for illegal supply to Gadchiroli. One person has been arrested, and another accused is on the run. A case has been registered under the Bharatiya Nyaya Sanhita and Maharashtra Prohibition Act.
Bengaluru Customs officials arrested two passengers at Kempegowda International Airport and seized hydroponic ganja worth a total of Rs 9.67 crore in two separate cases. The arrests were made under the NDPS Act, with both individuals arriving from Bangkok.
'I used to earn Rs 45 for working 12 hours a day at the age of 14.' 'The situation at home was weak, so that money was very important. I did whatever work I could find.'
A 45-year-old man, Pradeep Kumar Gangwar, has been arrested in Bareilly for allegedly creating and distributing fake marksheets and certificates. Police recovered 27 fake documents, 11 stamps, cash, and mobile phones from him. The case emerged after a complaint from a Punjab resident who was defrauded of Rs 50,000 for fake BA marksheets. Investigations are ongoing into the authenticity of the documents and potential accomplices.
A Grade Senior Civil Police Officer in Nedumangad, Thiruvananthapuram, was arrested by the Vigilance and Anti-Corruption Bureau (VACB) for allegedly accepting a Rs 10,000 bribe from a lawyer. The officer, Biju G B, demanded money for providing accident case documents.
The Qualified Institutional Buyers (QIBs) portion of the Jio Platforms IPO was fully subscribed at over 2x demand within minutes of its issue opening on Wednesday, indicating strong institutional interest in India's largest public issue.
Indian equity benchmarks Sensex and Nifty rallied up to 1 per cent in early trade, driven by strong performance in IT stocks, Reliance Industries, and favourable global market sentiment, rebounding from previous losses.
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) was subscribed 43 per cent on its first day of bidding, making it India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 20,974 crore from Indian equities in September, driven by global uncertainties, higher US interest rates and bond yields, elevated crude oil prices, and a weakening rupee.
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) opened for subscription, receiving 9 per cent bids on its first day, with strong participation from anchor investors.
Avenue Supermarts (DMart) reported lower-than-expected Q2FY27 performance, with revenue growth of 18.4 per cent year-on-year but visible margin pressure, leading to a 4.5 per cent stock drop. The company faces challenges from lower-margin sales, operating cost pressures, and aggressive store expansion, impacting profitability despite improved same-store sales growth.
Police in Ahmedabad have seized heroin and mephedrone worth nearly Rs 25 crore from the Ahmedabad-Vadodara Expressway, arresting three individuals with prior criminal records in connection with an inter-state drug trafficking network.
India's private sector capital expenditure is projected to reach approximately 3.2 trillion in the financial year 2026-27, up from 2.6 trillion in FY26, according to a Reserve Bank of India bulletin report, indicating sustained confidence despite global uncertainties.
An Odisha government assistant executive engineer, Tapan Sethi, was arrested on Friday in a disproportionate assets case after vigilance searches uncovered multiple properties, gold, and other assets far exceeding his known income.
The BJP has accused Shiv Sena (UBT) MP Sanjay Raut of creating a fake audio clip using AI, alleging a Rs 500 crore payout to Maratha quota leader Manoj Jarange. The BJP claims Raut orchestrated the conspiracy to push Rahul Gandhi's agenda and create rifts among ruling allies. Raut, however, claims a BJP MLC leaked the clip due to internal party competition. Maharashtra CM Fadnavis has ordered a forensic probe into the audio clip.
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
Indian Hotels Company Ltd (IHCL) is set to achieve its target of 700 hotels by fiscal year 2027, significantly ahead of its original 2030 goal, driven by strong financial performance and strategic expansion plans, including the merger of Oriental Hotels Ltd.
More patients can now afford semaglutide, but the early excitement around the drug is fading.
The retail portion of Jio Platforms' initial public offering (IPO) was fully subscribed within two hours on the second day of bidding, with overall subscription reaching 3.47 times by 11:00 am on Thursday.
Comedian Pranit More has approached the Supreme Court to club multiple FIRs filed against him after a guest on his show made a controversial "Rs 370 biryani" remark, deemed misogynistic. More's counsel informed the court that he has apologised on all forums, including the National Commission for Women, and the apex court has sought notices from the Centre and state governments.
Gurugram police have arrested three men from Gwalior, Madhya Pradesh, for allegedly providing bank accounts to cybercriminals involved in a fake e-challan SMS fraud. The arrests followed a complaint where a man lost Rs 1.35 lakh after clicking on a fraudulent link. The accused received Rs 7,500 for facilitating the transfer of Rs 70,000 from the victim's account.
The Directorate of Revenue Intelligence (DRI) arrested five individuals and seized 3.1 kg of foreign-origin gold, US dollars, and euros, collectively valued at over Rs 5.8 crore, near Vijayawada. The operation targeted a syndicate allegedly smuggling gold from Bangladesh to Hyderabad via Kolkata.
'The political leadership is very clear that we have to move towards the integration of the three services into theatre commands.'
Delhi Police have successfully dismantled an alleged interstate heroin manufacturing and supply network, arresting seven individuals and seizing over 8 kg of heroin valued at approximately Rs 60 crore. The operation spanned Delhi, Haryana, Uttar Pradesh, and Jharkhand, uncovering an illicit manufacturing unit in Lucknow and tracing raw opium supply to Jharkhand. The arrests include an alleged raw opium supplier involved in illegal poppy cultivation.
A POCSO court in Bahraich, Uttar Pradesh, has sentenced a man named Garibe to 20 years' rigorous imprisonment and a fine of Rs 30,000 for sexually assaulting a 10-year-old boy in April 2024. The conviction followed a swift investigation and chargesheet filing.
The CBI has registered an FIR against five individuals for allegedly defrauding Haryana villagers of Rs 2.41 crore in a sophisticated fake government job scam. Aspirants underwent fake tests, medical exams, police verifications, and even a three-month "training" programme, believing they had secured government positions, only to discover they were duped by individuals posing as politically connected figures.
Gurugram police have arrested two individuals, Nirmal Kumar and Gopi Kumar Yadav, for their involvement in a cyber-fraud scheme. The gang allegedly duped people by sending fake HCG bill messages and using malicious APK files to steal Rs 1,64,900 from a complainant's bank account. The arrested associates were responsible for fraudulently obtaining and supplying SIM cards used in the crime.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
Mira Bhayandar-Vasai Virar Police have busted an illegal chemical manufacturing facility in Telangana that supplied precursor materials for Mephedrone, leading to the arrest of the manufacturer. This operation is part of a larger multi-state investigation that has already uncovered two MD manufacturing labs in Gujarat and Uttar Pradesh and resulted in 25 arrests.
Indian equity benchmarks, the Sensex and Nifty, opened higher on Friday, driven by a strong rally in IT stocks, despite a significant overnight decline in US technology shares and broader Asian markets. Experts anticipate further market support from falling US bond yields, a strengthening rupee, and a substantial liquidity inflow following the Jio Platforms IPO allotment. Track
The Indian Coast Guard, in a joint operation with the Gujarat ATS, seized 526 kilograms of methamphetamine and heroin valued at over Rs 3,000 crore from an Iranian boat in the Arabian Sea near Lakshadweep. Five Pakistani nationals operating the vessel were detained, and preliminary investigations reveal a transnational smuggling network aiming to deliver the consignment to Tamil Nadu and Punjab.
