Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.
Tamil Nadu Chief Minister C Joseph Vijay announced a comprehensive waiver of cooperative farm loans, providing full relief for loans up to Rs 75,000 and partial waivers for higher amounts, benefiting over 1.38 lakh farmers with an additional financial commitment of Rs 953.06 crore.
Lack of women in Karnataka's new council of ministers has put the spotlight once again on women's under-representation in politics and policy.
A property near Heathrow Airport, London, worth Rs 7.5 crore has been attached by the Enforcement Directorate (ED) in connection with a bank loan fraud case involving Neo Corp International Ltd.
Gujarat CID has arrested Rafiqul Alam, the alleged 'mastermind' behind 1,090 cybercrimes totalling Rs 1,071.5 crore, who was found to have links with China-based criminals and converted illicit funds into cryptocurrencies.
The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.
Indian benchmark indices Sensex and Nifty saw gains in early trade, driven by a decline in crude oil prices due to easing geopolitical tensions in West Asia and strong buying interest in the IT sector.
A consumer court in New Delhi has directed the Bank of India to refund Rs 10,000 to a woman and provide additional compensation for a failed ATM transaction that was not reversed for several months, citing deficiency in service and violation of RBI guidelines.
The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.
The Reserve Bank of India has imposed a penalty of Rs 41.8 lakh on Canara Bank for non-compliance with KYC norms and incorrect account classification, and Rs 3.1 lakh on Puran Associates Pvt Ltd for asset classification violations.
For the second time in two years, Karnataka minister B Nagendra resigned from the state Cabinet on Friday amid the Opposition heat over his alleged involvement in the Rs 89 crore Valmiki Corporation scam.
An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.
Indian benchmark indices, Sensex and Nifty, bounced back significantly after two days of losses, with the Sensex climbing 443.97 points to settle at 76,922.64, driven by positive global market trends and a drop in crude oil prices.
Bangladesh is actively pursuing a cricket series against India in September, utilising sports diplomacy to mend strained bilateral ties following a controversy involving Mustafizur Rahman and Bangladesh's subsequent T20 World Cup boycott.
The BJP has strongly condemned the Congress's decision to sing only two stanzas of Vande Mataram, vowing to protect the dignity and national status of the full version of the national song and launch a nationwide campaign to spread its significance.
Chandigarh is set to launch the Central Bank Digital Currency (CBDC), or digital rupee, for Direct Benefit Transfer (DBT) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) on August 14. This initiative makes Chandigarh the first Union Territory to fully roll out CBDC-based DBT for food subsidy, enhancing transparency and efficiency in welfare delivery. The digital rupee, issued by the RBI, will be purpose-bound for purchasing foodgrains from authorised merchants.
The Supreme Court has listed for hearing on August 31 an appeal of Sumit Roy, personal assistant to Trinamool Congress MP Abhishek Banerjee, challenging the August 6 order of the Calcutta high court denying him pre-arrest bail in the Salboni land-grabbing case.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
Nepal's devastating flash floods have claimed 1,127 lives, with thousands still missing a week after the disaster. Rescuers are intensifying efforts to find survivors and recover bodies across affected regions, while police work to identify victims and relocate families from high-risk areas.
A new book, "The River That Remembers: Microbial Intelligence of Nature" by Padma Shri awardee Ajai Kumar Sonkar, claims that the Triveni Sangam at Prayagraj is a unique viral-bacterial laboratory. It suggests that the sacred dips taken by devotees lead to an intense microbial exchange, accelerating phage evolution, especially during events like Kumbh Mela, as diverse human microbiota interact with the river's existing microbiome.
Chinese officials warn that glaciers on the Tibetan Plateau are becoming increasingly unstable, leading to a higher risk of flash floods and other disasters, as evidenced by a recent deadly ice-rock avalanche near the Nepal-Tibet border. The region has seen a significant reduction in glacier area, and scientists are calling for advanced monitoring systems to predict these complex events.
'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'
A World Bank report highlights how Artificial Intelligence-powered weather forecasts have enabled small farmers in Telangana, India, to save up to USD 560 by adapting their farming practices to specific risks. The report, "The Promise of Artificial Intelligence," advocates for developing countries to rapidly adopt small, low-cost AI tools to enhance productivity, improve government services, and avoid missing out on the AI revolution.
Indian stock markets saw a significant rebound, with the Sensex jumping nearly 790 points, primarily fuelled by strong buying interest in telecom, pharma, and private banking shares, despite a volatile trading session and a weakening rupee.
India has joined over 100 countries and global organizations in condemning Israel's "unilateral" decisions and measures aimed at expanding its "unlawful presence" in the West Bank.
The Reserve Bank of India (RBI) has maintained its benchmark policy rate at 5.25 per cent for the fourth consecutive meeting, prioritising clarity on inflation trends, particularly concerning energy costs and geopolitical developments.
The devastating flash floods wreaked havoc across Nepal, with the ministry of external affairs on Thursday stating that 84 Indian nationals have been rescued while 290 remain uncontactable as the Himalayan nation stepped up search, rescue and relief operations following the disaster that has claimed more than 390 lives.
Telangana Chief Minister A Revanth Reddy's planned visit to the United States has been denied political clearance by the Ministry of External Affairs (MEA), citing non-conformity with laid down norms, forcing him to cancel the US leg of his 'TelanganaRising' delegation tour and return to Hyderabad earlier than planned.
The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.
Opposition leaders have questioned how caste responses will be recorded without state-wise pre-prepared lists.
Bharti Airtel added 7.64 trillion in value over the past five years, making it the biggest wealth creator in India's private sector, while the IT sector, including TCS, Infosys, and Wipro, collectively lost 8.5 trillion in value, according to the latest Burgundy Private Hurun India 500 report.
The Reserve Bank of India (RBI) has extended the implementation date for its revised loan recovery and agent engagement directions to January 1, 2027, from the previously proposed October 1, 2026, following stakeholder feedback.
Nearly 50 per cent of the stocks that comprise the Nifty 50 are trading below their respective 200-DMAs.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
The initial public offer (IPO) of SBI Funds Management Ltd was fully subscribed on the second day of bidding, receiving bids for 1.17 times the shares on offer, with strong interest from non-institutional investors and anchor investors.
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a significant decline in Brent crude oil prices, which fell below the USD 73 per barrel level, and positive trends observed across most Asian equities.
Indian golfer Pranavi Urs finished tied-38th at the VP Bank Swiss Ladies event, while England's Eleanor Givens secured her maiden Ladies European Tour title after 15 seasons and 210 starts, rallying from behind on the final day.
The Reserve Bank of India (RBI) has removed the prior approval requirement for non-bank entities to form tie-up arrangements for facilitating outward remittance services through banks in India, aiming to streamline the process and enhance efficiency.
Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.
