The Shri Ram Janmabhoomi Teerth Kshetra Trust on Wednesday deferred the selection of its first chief executive officer (CEO) by a month after receiving 5,200 applications for the post and decided to appoint a secretary in the interim to meet growing administrative requirements.
The Ayodhya Police are intensifying their investigation into the alleged embezzlement of donations at the Shri Ram Janmabhoomi Temple, preparing to seek custodial remand for three more accused. A Special Investigation Team's preliminary report found prima facie evidence of theft and pilferage during donation counting, with CCTV footage showing personnel concealing cash.
The Ayodhya Police are intensifying their investigation into the alleged embezzlement of donations at the Shri Ram Janmabhoomi Temple, preparing to seek custodial remand for three more accused. A Special Investigation Team's preliminary report found prima facie evidence of theft and pilferage during donation counting, with CCTV footage showing personnel concealing cash.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
Moody's Analytics predicts India will remain the fastest-growing major economy in 2026 and 2027, but its pace will moderate due to a global slowdown, geopolitical risks, and financial market volatility, despite the boost from AI demand.
A prominent Pakistani Islamic scholar, Mufti Muhammad Taqi Usmani, has issued a fatwa declaring cryptocurrency trading "haram" under Islamic law. This ruling, which covers various digital assets including Bitcoin and stablecoins, states that they do not meet the Islamic definition of wealth, potentially impacting crypto adoption despite the government's efforts to regulate and promote the sector.
A primary school teacher, a former car mechanic, a retired bank employee and a trusted aide of a senior Shri Ram Janmabhoomi Teerth Kshetra Trust functionary -- people from diverse backgrounds are among the eight arrested in connection with the alleged embezzlement of donations at the Ram temple in Ayodhya.
FPIs have already withdrawn Rs 2.6 trillion from Indian equities in 2026, exceeding the outflows recorded in any previous full calendar year.
Ayodhya police have conducted fresh searches in the ongoing investigation into alleged donation embezzlement at the Ram temple, recovering a donation box with a QR code, cash, gold, silver, and foreign currency. The probe has also widened to include around 400 private security personnel.
Be aware of a set of costs that never appears on a college's fee page. They sit as clauses near the end of the state counselling body's prospectus and, in many states, not even there, warns Ashok Hegde, founder, neet2seat.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
The police sealed the room in the rented house of the accused. The police have taken the DVR of the CCTV camera installed at Mishra's rented house into their custody, official sources said.
A yoga teacher from Surat and six others have been arrested in Ahmedabad for circulating fake Indian currency notes (FICN). Police estimate they may have circulated Rs 10 to 12 lakh in counterfeit money.
Ahmedabad police have seized counterfeit Indian currency with a face value of 2.38 crore and arrested seven individuals, including a yoga teacher from Surat. The operation uncovered the use of AI and e-commerce platforms to produce and distribute the fake notes.
India's foreign exchange reserves saw a substantial decline of USD 9.985 billion, reaching USD 671.625 billion for the week ended June 12, primarily driven by a sharp decrease in gold reserves, according to the Reserve Bank of India (RBI).
Police in Thane, India, seized firearms, weapons, and counterfeit currency from the home of a known criminal, Surendra Pandurang Patil, during a raid.
A preliminary report by a Special Investigation Team (SIT) has identified Avinash Shukla as the prime accused in the alleged theft of devotees' offerings at the Ram Temple in Ayodhya, linking him to a suspected 40-day racket involving nearly 70 instances of pilferage from the donation-counting system.
India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).
A joint operation by Nepal and West Bengal police has led to the arrest of seven individuals and the seizure of counterfeit currency worth approximately Rs 70 crore from a flat near Kolkata.
...exceeding their 49,340 crore equity selloff.
The rupee has been among the The RBI uses the Iran-US peace deal to bolster its forex reserves.
India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.
Govind Dev Giri Maharaj, treasurer of the Shri Ram Janmabhoomi Teerth Kshetra Trust, acknowledged supervisory lapses at the Ayodhya Ram temple following alleged donation theft, but stated he would not resign as he does not consider himself personally at fault. He estimated the theft could be around Rs 3 crore and criticised SBI for not verifying employee credentials.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is set to hold a critical meeting in Ayodhya to address the ongoing probe into alleged donation theft and the resignations of its general secretary and a trustee. The meeting will review the SIT report and discuss potential appointments.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
Ahmedabad police, while investigating a murder, uncovered a large fake currency racket, seizing counterfeit notes worth Rs 28.9 lakh and arresting five men and apprehending a minor. The investigation revealed that the murder victim was the kingpin of the operation, killed by his associates due to abuse. Police are now probing the circulation of the remaining fake notes.
The trustees are "shocked" by the developments and are duty-bound to ensure that a fair inquiry is conducted and the faith of devotees is restored.
Eight people have been arrested for posing as police officers and robbing a man of 5,000 in a currency exchange scam near Kalyan railway station.
A Special Investigation Team (SIT) probing alleged theft and embezzlement of donations at the Ram Temple in Ayodhya has found repeated instances of employees concealing cash during counting and flagged serious security and supervision lapses. The preliminary report, shared with the Shri Ram Janmabhoomi Teerth Kshetra Trust, indicates systematic irregularities and financial discrepancies among employees, leading to arrests and resignations within the trust.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.
Investigators recovered nearly Rs 80 lakh in cash and some foreign currency from six of the accused.
The Shri Ram Janmabhoomi Teerth Kshetra Trust held a crucial meeting in Ayodhya to deliberate on the resignations of general secretary Champat Rai and member Anil Mishra, following allegations of embezzlement of donations. The meeting also reviewed the ongoing SIT probe into the alleged theft.
A private security agency has denied involvement in the alleged embezzlement of donations at the Ram temple in Ayodhya. The agency stated it only recruited personnel for housekeeping at an SBI branch at the bank's request, disclaiming responsibility for their duties or the alleged theft, which is currently under SIT investigation.
'Buy on dips, buy on dips and sell on rise.'
The US Treasury Department is exploring the possibility of featuring Donald Trump's portrait on a new $250 note, pending congressional approval to amend the law that prohibits living individuals from being depicted on US currency.
As the rupee weakens, wealthy families are accelerating investments in global assets.
'It's very important for India to retain its sovereignty. India should not sign any agreement which compromises its sovereignty.'
'The MPC is likely to prioritise the key mandate, which is inflation, while relying on other instruments to stabilise the currency and bond markets.'
