The number of frauds in the banking sector increased over four times in the past five years to 36,075.
Investors will be able to authenticate if the entity receiving the payment is a valid entity under the ambit of Sebi.
A controversy surrounding the gold-clad plates of the Dwarapalaka idols at Sabarimala temple has ignited a political row in Kerala, with opposition parties alleging theft and demanding a comprehensive investigation into temple inventories and the role of a sponsor in the replating process.
Tata Consultancy Services (TCS), Cognizant and eight other major corporations have been questioned by US Senators for filing thousands of H-1B skilled labour visa petitions after conducting "mass layoffs" of American employees.
The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds.
In FY24 alone, 1.34 million fraud cases were reported, amounting to losses of Rs 1,087 crore.
The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of his extradition hearing before a court in that country, officials said. The court rejected the appeal on strong reasons conveyed by the CBI to the Belgian prosecution that Choksi had escaped from many jurisdictions earlier as well to evade legal proceedings and may flee to another country if let out on bail, they said.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
In a big boost to tycoon Gautam Adani, markets regulator Sebi on Thursday cleared the billionaire and his group of stock manipulation allegations made by US short-seller Hindenburg Research, saying fund transfer between group companies did not fall foul of any regulation.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
During the weekly media briefing, MEA spokesperson Randhir Jaiswal reiterated India's firm stance against illegal migration, emphasising commitment to promoting legal pathways for migration.
A team from Britain's Crown Prosecution Service (CPS) recently visited Tihar Jail to assess prison conditions for the extradition of high-profile economic offenders such as Nirav Modi and Vijay Mallya.
'This idea that inexpensive tech consultants should be coming into this country and bringing their families, I find it just wrong.'
Justice Sameer Jain cancelled the exam 2021 which was the bone of contention for both Bharatiya Janata Party and Congress governments in the state and gave a detailed verdict.
Reduction of GST on health insurance premium from 18% to 0% looks like a straight 18% reduction in what consumers pay. The truth, however, is...
As per the existing norms, a player undergoes a bone test for age determination via the TW3 method (test used for assessing bone age) and a +1 factor is added to determine his or her eligibility for the next season in the same age group.
A 28-year-old student from Nalgonda district was arrested in Hyderabad following his deportation from the United States for allegedly using forged documents to obtain his visa, police said on Wednesday.
Anandu Krishnan, a 26-year-old man, has been arrested for allegedly defrauding people of several crores by promising scooters, sewing machines, home appliances, and laptops at half price using fake CSR funds from major companies. The total fraud is estimated to be around Rs 600-700 crore. Krishnan was operating the scam since 2022 by registering societies and convincing people that he was the National Coordinator of the National NGO Federation and that he had been entrusted with managing the CSR funds of various companies. He collected money through 62 "seed societies" and used his political links to convince the victims. The police are investigating the role of certain political leaders in the fraud.
The Enforcement Directorate (ED) has earmarked assets worth about Rs 15,000 crore that will be restored to victims of real estate, Ponzi and other frauds across India during the current financial year. The agency has been "aggressively" initiating this provision for restitution since last year to ensure rightful claimants duped by financial crime get their dues. The ED has already restored Rs 31,951 crore worth of assets under this provision, including Rs 15,201.65 crore from 2019-21 in cases related to Vijay Mallya, Nirav Modi and the National Spot Exchange Limited (NSEL). The ED Director has issued directions to all regions to actively work on cases marked for restitution of assets worth Rs 15,000 crore during the financial year 2025-26.
The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.
The RJD leader on Wednesday had accused senior BJP leader and Muzaffarpur Mayor, Nirmala Devi and her two relatives of "having dual voter ID cards".
The Election Commission announced that it has received documents from 98.2% of electors in Bihar as part of the intensive revision of the voters' list. The deadline for claims and objections has been extended, allowing electors to rectify mistakes and submit necessary documents.
Congress leader Shashi Tharoor has urged the Election Commission to address Rahul Gandhi's claims of poll rigging, calling them 'serious questions' that must be addressed in the interest of all voters.
'Big Week For #USIndia Law Enforcement Collaboration'
Female students alleged that Saraswati used abusive language, sent obscene messages, and made unwanted physical advances.
Knowledge workers and mid-career professionals in India are hopeful that artificial intelligence will positively impact their roles, even as concerns about job displacement persist, especially among younger professionals, a top official of a human capital management solutions provider has said. At a time when AI has become a critical part of an organisation's functioning, many professionals see the positive possibilities of AI.
'Trump is not shy when he is frustrated with countries'
US President Donald Trump signed a proclamation restricting entry of certain non-immigrant workers and imposing a USD 100,000 fee on H-1B visas, citing abuse of the program and national security concerns.
'The kids are already used to this place. We go back and that's a different environment.' 'So, mentally, emotionally we are stressed.'
The Canara Bank on Thursday informed the Bombay high court that it has withdrawn its order classifying as "fraudulent" the loan account of a firm linked to industrialist Anil Ambani. After the bank's disclosure, a bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Ambani challenging the bank's order, saying nothing survives in it.
Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.
The Delhi High Court has directed Priya Kapur, wife of the late Sunjay Kapur, to disclose all his assets as of his death, following a challenge to his will by his children with Karisma Kapoor.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
From mobilising protests to choosing the interim prime minister -- Discord, Bitchat became virtual control rooms, even as familiar platforms like TikTok, Reddit, Instagram, etc. played their part.
The Supreme Court has warned that it will set aside the special intensive revision (SIR) of electoral rolls in Bihar if any illegality is found. The court is reviewing the validity of the Bihar SIR and its potential impact on a similar exercise across India.
State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
The Trump administration has announced a massive increase in H-1B visa fees, imposing a $100,000 annual charge that will fundamentally alter how American companies hire skilled foreign workers, particularly impacting Indian IT professionals who comprise the largest group of beneficiaries.
A Spanish court handed Brazil coach Carlo Ancelotti a one-year prison sentence for failing to pay tax on his image rights revenues in 2014 when the Italian was Real Madrid manager.
Karnataka Chief Minister Siddaramaiah on Thursday alleged that the Congress party's setback in the recent Lok Sabha polls in the state was the result of 'illegal manipulation' of the electoral process by the Bharatiya Janata Party, accusing it of 'misusing' the Election Commission.
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