Police in Udham Singh Nagar have arrested two individuals and seized a significant amount of fake currency, uncovering a sophisticated operation involving counterfeit notes.
Punjab Police busted a fake currency module in Malerkotla, arresting four individuals and seizing counterfeit currency worth Rs 5.50 lakh.
The primary objective of introduction of polymer notes was to increase its life and not to combat counterfeiting.
The Indian rupee is highly vulnerable among Asian currencies, with Barclays and MUFG warning of a potential depreciation towards 100/$ if the West Asia conflict persists, driven by widening current account deficits and elevated crude oil prices.
A Bank of Baroda employee in Ahmedabad has been arrested for allegedly stealing Rs 8.7 crore from an RBI currency chest and laundering the money into properties and cryptocurrency.
Foreign Currency Non-Resident (Bank), or FCNR (B), deposits mobilised under the Reserve Bank of India's (RBI's) concessional swap facility may have already surpassed the amount raised during the 2013 scheme in just about 45 days, prompting SBI Research to sharply raise its estimate for inflows under the facility to $65-70 billion.
RBI says polymer notes have a significantly longer lifespan, potentially reducing printing costs and replacement frequency.
Indore police seized 566 bundles of fake Rs 500 notes from abandoned bags. Only 84 notes were genuine, with the rest being plain paper designed to resemble currency. An investigation is underway to determine the source and intended use of the fake notes.
India's foreign exchange reserves increased by USD 1.08 billion to USD 676.237 billion for the week ended July 17, primarily due to a significant rise in foreign currency assets, despite a drop in gold reserves.
India is projected to attract between $80 and $85 billion through the Reserve Bank of India's (RBI) concessional swap facility, designed to boost foreign currency inflows, according to an SBI research report.
Two men were arrested in Dakshina Kannada district, Karnataka, and counterfeit currency notes with a face value of Rs 2.38 lakh were seized from them, police said.
Delhi Police have arrested two men for allegedly defrauding a tour operator of Rs 1 lakh using fake currency notes under the guise of a currency exchange scheme.
Hamirpur Police arrested two individuals involved in a counterfeit currency racket after a shopkeeper was defrauded. The suspects, using fake Rs 200 notes to obtain genuine Rs 500 notes, were identified through CCTV footage and ITMS. Police recovered counterfeit notes and are investigating further.
India's banking system liquidity has fallen to its lowest level in over three weeks, driven by robust credit growth and potential RBI intervention in the foreign exchange market, according to the latest data from the Reserve Bank of India.
India's foreign exchange reserves increased by USD 964 million to USD 675.157 billion in the week ending July 10, according to the Reserve Bank of India.
The Reserve Bank of India (RBI) reported a 5.7 per cent increase in counterfeit currency notes detected in the banking system during 2025-26, with fake Rs 500 notes showing the sharpest rise, becoming the most detected denomination.
BMW Group India says every Re 1 depreciation in the rupee against the euro trims its profit margin by about 1 per cent, prompting the company to consider further price increases.
Inflows into foreign currency non-resident (bank), or FCNR (B), deposits have significantly underperformed market expectations, leading to a more than 1 per cent depreciation of the rupee against the dollar this week. Analysts point to fading RBI support measures, tepid interest due to rising global bond yields, and narrowing interest rate spreads compared to 2013 as key challenges.
India's foreign exchange reserves increased by USD 7.26 billion to USD 674.193 billion for the week ending July 3, as reported by the Reserve Bank of India. This surge follows a previous week's drop and comes after Prime Minister Narendra Modi's appeals to conserve forex.
The probe into the alleged Badrinath Temple donation theft case is gaining pace as former temple officer of Badrinath Temple Rajendra Chauhan has been arrested by the Special Investigation Team (SIT) following four hours of questioning on Friday.
Police in Bahraich, Uttar Pradesh, have arrested four individuals involved in printing and circulating counterfeit currency. The suspects were apprehended with fake notes and a colour printer used in the operation.
A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.
A 50-year-old man was arrested in Sambhal, Uttar Pradesh, for possessing counterfeit Indian currency notes. Police recovered Rs 20,000 in fake currency and are investigating the source and any accomplices.
Infosys has revised down the upper end of its revenue growth target for financial year 2027 (FY27) to 1.5-3 per cent, from the earlier 1.5-3.5 per cent, attributing the change to persistent macroeconomic uncertainty and a one-time client impact.
The incident involved compromise of an employee's email account, resulting in unauthorised access to certain data.
Police in Aligarh have recovered incriminating materials, including live cartridges and suspected fake currency, from a room in an Aligarh Muslim University hostel. The raid followed a tip-off and is linked to an ongoing investigation into a recent shooting incident.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is set to hold crucial meetings to appoint a new general secretary, fill three vacant trustee posts, and deliberate on the appointment of the temple's first Chief Executive Officer (CEO), all while addressing the ongoing donation theft controversy and the Supreme Court's call for a fair investigation.
HCL Technologies reported a significant 20 per cent year-on-year increase in its consolidated net profit for the June quarter of FY27, reaching Rs 4,624 crore, while maintaining its revenue growth guidance of 1-4 per cent for the fiscal year.
Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.
US President Donald Trump's signature will soon appear on US paper currency, coinciding with the 250th anniversary celebrations of American Independence.
The Ram Temple trust in Ayodhya has implemented a new, two-shift system for counting cash donations, overseen by the State Bank of India (SBI), following an embezzlement scandal. A new team, including ex-servicemen and supervisors, has been deployed to enhance security and transparency in the process, aiming to prevent future theft and restore public trust.
Wipro's net profit in the first quarter saw minimal growth, rising less than one per cent to 3,352 crore, while revenue increased by 10.6 per cent to 24,480 crore. The IT services segment, a key metric, grew by only one per cent year-on-year, falling short of analyst estimates amidst a challenging demand environment and longer decision cycles from clients.
India's foreign exchange reserves saw a significant drop of USD 5.654 billion, settling at USD 666.933 billion for the week ending June 26, following interventions by the RBI and public appeals by Prime Minister Narendra Modi to conserve forex.
It's only July but the South Korean drama scene is brimming with action and adrenalin.
India's foreign exchange reserves saw an increase of USD 963 million, reaching USD 672.587 billion for the week ending June 19, as reported by the RBI. This rise follows a previous week's drop. While foreign currency assets decreased, the value of gold reserves significantly increased, contributing to the overall growth.
'Banking is the only sector that can see double-digit growth in FY27.'
ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.
A crucial meeting of around 250 seers and VHP functionaries in Ayodhya will address issues concerning the Ram temple, including ensuring adherence to Vaishnav-Ramanandi traditions, restoring devotee confidence after an alleged donation theft, and deliberating on the Trust's management. The meeting follows deferred decisions by the Shri Ram Janmabhoomi Teerth Kshetra Trust on key appointments.
Divya Nair shares the recipe for the perfectly-cooked salmon to be served with imperfect-looking mushroom pt and mashed potatoes, cooked with lots of love.
The report of a three-member committee investigating the grounds for the removal of High Court judge Yashwant Varma, following the discovery of burnt currency notes at his residence, will be tabled in the Lok Sabha during the upcoming Monsoon session.
