Jammu and Kashmir Police attached properties worth over Rs 1.46 crore and froze bank accounts of four alleged drug peddlers in Samba district under the NDPS Act.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring weak global trends, as escalating tensions in West Asia, particularly a drone attack on the UAE's Barakah nuclear facility, pushed crude oil prices higher. Track Sensex, Nifty50 movement and key market drivers for May 18, 2026.
The Reserve Bank of India's 2024 norms for the voluntary conversion of Small Finance Banks (SFBs) into universal banks, particularly the subjective 'diversified loan portfolio' criterion, are proving to be a significant hurdle, with Ujjivan SFB and Jana SFB having their applications returned.
Jharkhand police have uncovered an interstate cyber fraud network and arrested four individuals involved in fraudulent transactions across 24 states. The investigation was initiated following inputs from the Union Home Ministry's 'Samanvaya portal', leading to the discovery of a bank account in Ramgarh district used for the illicit activities.
Xiaomi has introduced its new S Mini LED series of smart televisions in India, marking its entry into Mini LED technology with enhanced picture quality, superior contrast and increased brightness. The series is available in 55, 65, and 75-inch sizes, with prices starting from 51,999, and offers banking discounts and EMI options.
Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.
India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.
Uttarakhand STF and Dehradun Police busted an international online betting syndicate and arrested five accused allegedly involved in facilitating betting on IPL matches.
Hyderabad Police Commissioner V C Sajjanar has proposed a Joint Working Group with the RBI and banks to address the issue of mule bank accounts used in cyber fraud. The proposal follows 'Operation Octopus,' which exposed vulnerabilities in KYC verification. Sajjanar also recommended strict directives for banks to fix accountability and adopt advanced technology to detect suspicious transactions.
'Why are we deliberately taking apart an electoral system that has worked?' 'There is no answer to that, and there is no data and has never been any on the absurd slander that foreigners are voting here,' asserts Aakar Patel.
Odisha Police busted an IPL betting racket in Rajgangpur, Sundargarh district, arresting five individuals and seizing cash and frozen funds.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 14,231 crore from Indian equities so far in May, extending the total outflow for 2026 to over Rs 2 lakh crore, driven by persistent global macroeconomic uncertainties including inflation, interest rates, and geopolitical risks.
A Mumbai court has rejected a plea by a couple, former officials of New India Co-operative Bank, accused of a Rs 122-crore fraud, to appear via video conferencing from the UK, deeming their request as showing 'huge abysmal entitlement'. The couple cited a 'hostile environment' and 'threats to their lives' if they returned to India.
West Bengal Chief Minister Suvendu Adhikari announced that Bangladeshi infiltrators detained in the state will be directly handed over to the BSF for deportation, bypassing court appearances, following a new rule.
The Enforcement Directorate (ED) has arrested three founders of online gaming platform, Gameskraft, in an alleged fraud-linked money laundering case. Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the Prevention of Money Laundering Act (PMLA).
Major US technology companies, Meta and LinkedIn, are undergoing significant workforce restructuring, with Meta planning to lay off 8,000 employees while shifting 7,000 into AI-focused roles, and LinkedIn cutting over 600 jobs across various departments.
Lucknow Super Giants' IPL season was marked by inconsistent selections, questionable combinations, and a lack of clarity in their strongest XI, leading to a disappointing campaign.
Grandmaster Abhijeet Gupta, frustrated by delays in receiving prize money for winning the Odisha Open, has been assured by the All India Chess Federation that the issue will be resolved and his dues cleared.
Indian equity markets experienced a significant decline in early trade, with the BSE Sensex and NSE Nifty dropping, as escalating geopolitical tensions in West Asia and a surge in global oil prices dampened investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 8, 2026.
A woman director of an IAS coaching institute was allegedly robbed of Rs 1.89 crore by a former student and his associates at gunpoint in Bhopal after being held captive at a house.
A dentist in Delhi, accused of defrauding multiple people of over Rs 1 crore through fraudulent property deals, has been arrested after being on the run for seven months.
Three officials from leading private banks have been arrested for their alleged involvement in a Rs 2,500-crore cyber fraud in Gujarat's Rajkot district, bringing the total number of arrests in the case to 20, according to police reports.
The Enforcement Directorate (ED) is shifting its focus to emerging financial crimes such as cryptocurrency fraud, terror financing, cyber-enabled crimes, and narcotics trafficking, according to Director Rahul Navin. The agency reported a high conviction rate and significant asset restitution to victims of financial fraud.
A Delhi court has granted the CBI's request to produce Amitabh Jhunjhunwala, a former executive of Reliance Anil Ambani Group (RAAG), before a Mumbai court in connection with an alleged bank loan fraud-linked money laundering case.
The Supreme Court has deferred the hearing on a PIL alleging large-scale banking fraud involving the Anil Dhirubhai Ambani Group and its firms to May 8.
Three officials from leading private banks have been arrested for their alleged involvement in a Rs 2,500-crore cyber fraud racket in Gujarat's Rajkot district, bringing the total number of arrests in the case to 20.
Palestinian soccer federation President Jibril Rajoub refused to stand alongside Israel FA Vice-President Basim Sheikh Suliman in a heated moment at the FIFA Congress on Thursday.
'It has always been viewed as a hedge against inflation.'
Uttar Pradesh Chief Minister Yogi Adityanath announced that the state has secured investment proposals worth approximately Rs 50 trillion over the past nine years, attributing this economic revival to the enforcement of the rule of law and strategic policy changes. He affirmed UP's trajectory towards becoming a $1 trillion economy by 2029-30.
Delhi Police have arrested four individuals in connection with a daylight robbery near Azadpur Mandi, recovering a car purchased with the stolen money. The arrests followed an inter-state manhunt across Uttar Pradesh.
Indian stock markets are expected to remain highly sensitive to geopolitical developments, particularly the US-Iran situation, and crude oil prices this week, with analysts also highlighting the influence of the rupee-dollar trend, foreign investor activity, and upcoming inflation data.
Tata Consultancy Services (TCS) is focusing on building AI infrastructure, including India's first AI-focused data centre, as AI becomes a core operating foundation for enterprises globally.
The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.
Mumbai Police have arrested a man for allegedly defrauding a senior executive of over Rs 60 lakh under the guise of cryptocurrency investment.
Delhi Police dismantled a cyber fraud facilitation network involving mule bank accounts and shell companies, arresting two dummy directors after detecting a fund flow of over Rs 16 crore within eight days.
A Nepalese national was arrested near the Indo-Nepal border in Uttar Pradesh's Bahraich district with 4.66 kilograms of illegal charas worth about Rs 2.5 crore.
Delhi Police have arrested an immigration consultant accused of defrauding a woman of approximately Rs 1.83 crore by falsely promising Canadian immigration through a business investment programme.
A Nigerian national was arrested in Delhi by the Uttar Pradesh STF for allegedly creating fake profiles of US and UK citizens on social media and cheating victims on the pretext of sending expensive gifts and foreign currency.
Benchmark equity indices Sensex and Nifty extended their gains for the third straight session on Wednesday, driven by last-hour buying in bank, metal, and FMCG shares.
Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.
