A 37-year-old burglar who allegedly built a Rs three crore bungalow for his girlfriend using the robbed money was arrested in Bengaluru. Panchakshari Swamy, who hails from Solapur in Maharashtra, was married and has children but he was a womaniser and spent the robbed money lavishly on women. He allegedly committed thefts in many parts of the country over the past two decades. Swamy has been arrested in a case of theft of gold and silver ornaments worth Rs 14 lakh from a house at Maruti Nagar in Bengaluru that occurred on January 9. His involvement in the theft was revealed with the help of footage from more than 200 CCTV cameras. With his arrest, the police have seized gold biscuits of 181 g, silver ornaments of 33 g, and a firearm from him. Swamy started burglaries in 2003 when he was a minor and by 2009 he had become professional at it gaining wealth worth crores through thefts, burglaries and robberies and it was in 2014-15, he started dating an actress and spent lavishly on her by building a Rs three crore house for her in Kolkata. He also allegedly gifted her an aquarium worth Rs 22 lakh, he said, adding he also had links with some other actresses. Police said that he mostly operated alone and kept a watch over empty houses so that he could target them easily and after committing the theft, he would change clothes to avoid suspicion.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
The Indian market remains an attractive place to do business for the nation's entrepreneurs, with 75 per cent of them operating domestically.
The five-time champions finished last in IPL 2024 with everything going wrong for them. This time, MI is focused on ensuring that everything goes right, and that their journey towards a sixth title is back on track from the beginning.
Value mutual funds have witnessed robust investor interest, garnering Rs 22,757 crore in inflows in 2024, nearly double the amount seen in 2023, fueled by impressive returns generated by the segment. This surge reflects a shift in investor focus towards fundamentally strong yet undervalued stocks.
In a world where financial literacy is often overlooked, Soha Ali Khan shares the financial wisdom her parents taught her.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'Not only jobs are not being generated, but people are also losing jobs.'
The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
Sudha and Akshata Murthy's candid confessions about each other.
The Supreme Court of India has dismissed a plea filed by the legal heir of former Tamil Nadu chief minister J Jayalalithaa seeking the return of properties confiscated in a corruption case against her. The court stated that the abatement of proceedings due to her death did not mean she was acquitted of the crime. The court upheld the confiscation of her properties, including her iconic residence, Veda Nilayam, land parcels, estates, bank deposits, and other assets, which will be transferred to the Tamil Nadu government.
Investors became richer by nearly Rs 8 lakh crore on Wednesday as benchmark BSE Sensex surged by 740 points amid value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23.
Retail investors have been the hardest hit in the recent market downturn, with stocks where they hold over 20% falling 45% from their 52-week highs.
'Expect India to keep doing well irrespective of geopolitics.'
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
Union Home Minister Amit Shah has refuted claims made by Tamil Nadu Chief Minister M K Stalin regarding fund allocation and delimitation, accusing him of spreading misinformation and engaging in diversionary tactics. Shah asserted that the Modi government has provided significant financial support to Tamil Nadu and denied claims of any reduction in Parliamentary representation for the state following delimitation. He also criticized the DMK government's handling of law and order, citing issues such as drug trafficking and corruption. Shah expressed confidence in the BJP's prospects in the upcoming Assembly elections, predicting a larger victory than in Maharashtra and Haryana.
'If the markets correct further, PSU stocks could continue to decline.'
Jos Buttler joins greats Sachin Tendulkar and Brian Lara as players who failed to translate their many individual triumphs into success as captains.
Buying stocks during a dip, says Amar Nandu, research analyst, Samco Securities, can lead to higher compounding returns when the uptrend begins.
Stopping SIPs during a downturn undermines the benefit of rupee-cost averaging.
The share of Ahmedabad in the total value of trades on both the BSE and NSE is set to touch double digits for the third year in a row.
Fiercely original filmmaking from a director whose even just good enough attempt fares much better than your average blockbusters, observes Mayur Sanap.
The secret to building Rs 5 crore corpus lies in one simple decision. But the longer you wait, the more it costs you -- not just in money but in missed opportunities, says Ramalingam Kalirajan
Without making two-thirds of the country's population a development partner, India's prosperity is impossible, the Congress leader added.
In January, SIP account closures surpassed new registrations for the first time.
South Africa picked an experienced 15-man squad for next month's Champions Trophy in Pakistan with 10 players having competed at the last World Cup in India in late 2023.
If Prakash Jha is able to transfer today's social and political reality onto the screen, the future seasons of Aashram might just get a much-needed dose of eyeball-grabbing power, observes Deepa Gahlot.
Total market funds are ideal for long-term investors who prefer a simple, hands-off approach, making them suitable for those unwilling to manage multiple funds.
Rekha Jhunjhunwala's net worth has increased by more than 7 per cent, or Rs 2,865 crore, compared to less than 1 per cent rise in the BSE Sensex.
'Peninsular Indians could ask 'Why should we contribute half of India's tax revenues if we account for only a quarter of the seats in the Lok Sabha?'.' 'The rest of the country seems likely to counter that 'democracy means one vote per person irrespective of where that person resides in India'.' 'With no easy answers to this thorny debate, the south's economic ascendancy could end up creating a Hobson's choice.' A revealing excerpt from Nandita Rajhansa and Saurabh Mukherjea's book, Behold the Leviathan: The Unusual Rise of Modern India.
The collective wealth of the 100 richest went past $1 trillion for the first time.
Actors Madhuri Dixit, Amrita Rao, and Bollywood producer Gauri Khan are among celebrities who bought shares of travel tech platform OYO over the past few months. Gauri Khan bought 2.4 million shares of OYO during the recent Series G funding round concluded in August 2024 where the company raised over Rs 1,400 crore from a consortium of investors, sources told PTI.
Thirty-one of the 70 candidates elected to the eighth Delhi Assembly have declared criminal cases against their names, according to poll rights body ADR. The figure is lower than the 43 MLAs in the seventh assembly who had declared criminal cases. The Association for Democratic Reforms (ADR) and Delhi Election Watch, which analysed the affidavits submitted by all 699 candidates who contested the assembly elections, said the number of winning candidates with serious criminal cases remained a concern. The analysis found that 17 newly-elected candidates were facing serious criminal cases, including those related to attempted murder and crimes against women. The analysis also highlighted the growth in assets of re-elected MLAs. The 22 candidates re-elected to the House saw their average assets rise 25 per cent from Rs 7.04 crore in 2020 to Rs 8.83 crore in 2025.
Break the chains of debt, invest in your future, and wave the flag of financial independence high. Freedom awaits, comrades. Let's conquer this battlefield together this Republic day, exhorts Vatsal Ramaiya.
Gripped with fear as an investor following a 12 per cent market fall? Here's Radhika Gupta's advice to investors.
Don't let panic ruin your wealth. Avoiding these mistakes can save you from HUGE losses, says Ramalingam Kalirajan
The Balochistan Liberation Army (BLA) has undergone a significant transformation, evolving from hit-and-run attacks to carrying out sophisticated operations with tactical precision. The group's tactics and targets have become increasingly audacious, targeting security forces, Chinese nationals, and innocent civilians. Experts attribute the BLA's evolution to various factors, including the leadership of Bashir Zeb, the group's growing intelligence network, and its exploitation of the grievances of the Baloch people. The BLA's actions are a cause for concern, as the group's sophisticated attacks pose a major challenge to security forces.
'If gold's recent surge has increased its allocation beyond 15 per cent in your portfolio, now may be a good time to rebalance.'
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