News for 'funding'

Delhi HC Grants Interim Bail To MP Sheikh Abdul Rashid

Delhi HC Grants Interim Bail To MP Sheikh Abdul Rashid

Rediff.com18 May 2026

The Delhi High Court granted interim bail to Baramulla MP Sheikh Abdul Rashid, who is imprisoned in a terror-funding case, following his father's death. The court stipulated that Rashid must be accompanied by police officials during his release.

Family Establishes Scholarship Fund for Slain Indian-Origin Student

Family Establishes Scholarship Fund for Slain Indian-Origin Student

Rediff.com8 Apr 2026

The family of Savitha Shanmugasundaram, an Indian-origin student killed in a shooting in Austin, has launched a one-million-dollar scholarship in her memory to support students from low-income families.

BPCL Customers Face Charges Over Misappropriated Funds

BPCL Customers Face Charges Over Misappropriated Funds

Rediff.com2 Apr 2026

Seven customers of Bharat Petroleum Corporation Limited (BPCL) in Indore have been booked for allegedly misappropriating over Rs 5.7 crore that was wrongly deposited into their digital wallets. Police are investigating how Rs 129.55 crore was incorrectly credited to around 1,000 BPCL 'Smart Fleet' customers.

Stock Markets Today: Sensex, Nifty50 Open Lower Amid Surging Oil Prices, Foreign Fund Outflows

Stock Markets Today: Sensex, Nifty50 Open Lower Amid Surging Oil Prices, Foreign Fund Outflows

Rediff.com28 Apr 2026

Indian benchmark indices, Sensex and Nifty, opened lower on Tuesday, driven by a surge in global crude oil prices and continued outflows by Foreign Institutional Investors (FIIs), reflecting fragile market sentiment influenced by external factors.

How Mumbai Police Halted 101 Crore In Cyber Frauds

How Mumbai Police Halted 101 Crore In Cyber Frauds

Rediff.com5 days ago

Mumbai Police's 1930 cyber helpline has successfully intercepted and frozen over 101 crore defrauded from citizens in the last five months, preventing significant financial losses.

Cooperative Official Arrested In Odisha For Rs 75 Lakh Fraud

Cooperative Official Arrested In Odisha For Rs 75 Lakh Fraud

Rediff.com4 days ago

Odisha Vigilance arrested a cooperative official, Tarini Prasad Tripathy, for his alleged involvement in a Rs 75 lakh fraud case at K Singhpur Large Area Multi-Purpose Co-operative Society (LAMPCS) in Rayagada district.

Bihar man arrested for links to Pakistan arms smuggler

Bihar man arrested for links to Pakistan arms smuggler

Rediff.com3 days ago

Bihar Police's Anti-Terrorist Squad (ATS) has arrested a Muzaffarpur resident for his alleged links with Pakistan-based arms smuggler Shahzad Bhatti's gang, seizing digital evidence indicating anti-India activities.

Why Every Family Needs Health Corpus

Why Every Family Needs Health Corpus

Rediff.com7 days ago

'Healthcare costs in India rise by 10 to 14% annually, causing treatment costs to double roughly every 5-7 years.'

International Crypto Network With Terror Links Busted In Gujarat

International Crypto Network With Terror Links Busted In Gujarat

Rediff.com6 days ago

The Gujarat CID Crime has dismantled an international cryptocurrency network worth Rs 226 crore, revealing links to a front organisation of the terror group Hamas. Nine individuals have been arrested in connection with the syndicate, which is implicated in cyber fraud, narcotics, and terror funding.

Haryana Bank Official Arrested in 150 Crore Panchkula Municipal Funds Scam

Haryana Bank Official Arrested in 150 Crore Panchkula Municipal Funds Scam

Rediff.com8 Apr 2026

A private bank official has been arrested in Haryana in connection with a 150 crore discrepancy in the accounts of Panchkula Municipal Corporation.

Odisha Police Arrest Two More In Bank Fraud Case

Odisha Police Arrest Two More In Bank Fraud Case

Rediff.com3 days ago

Odisha Police's Economic Offences Wing (EOW) has arrested two more individuals in connection with a Rs 9.6 crore bank fraud case, bringing the total number of arrests to six. The accused, Surjit Roy and Sameer Srivastav, were apprehended in Raipur, Chhattisgarh, for allegedly withdrawing funds from the District Mineral Foundation (DMF) trust using forged cheques.

How EPFO's UPI Integration Will Benefit Subscribers

How EPFO's UPI Integration Will Benefit Subscribers

Rediff.com6 days ago

The Employees' Provident Fund Organisation (EPFO) will soon allow subscribers to withdraw their EPF and transfer it directly to their bank accounts through the UPI payment gateway. Testing of the facility has been completed, according to Labour Minister Mansukh Mandaviya.

Union Minister Pradhan Alleges TMC Mismanagement of Funds, Criticises Bengal's Education System

Union Minister Pradhan Alleges TMC Mismanagement of Funds, Criticises Bengal's Education System

Rediff.com7 Apr 2026

Union Minister Dharmendra Pradhan has accused the TMC government in West Bengal of diverting central funds for party activities and destroying the state's education system. He also criticised the teacher recruitment process and expressed confidence in the BJP's victory in the upcoming assembly polls.

Zepto to launch Rs 11,000-crore IPO in July, prioritising dense urban markets

Zepto to launch Rs 11,000-crore IPO in July, prioritising dense urban markets

Rediff.com4 days ago

Quick commerce platform Zepto is reportedly planning to launch its Rs 11,000-crore Initial Public Offering (IPO) in July, following SEBI approval. The company is pursuing a distinct growth strategy, focusing on market density and operational intensity in metro markets rather than rapid geographic expansion, a move that sets it apart from rivals like Zomato and Swiggy.

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Rediff.com5 days ago

India's gross savings rate is projected to be nearly 47 basis points higher in FY25 than previously estimated, following the Securities and Exchange Board of India's (Sebi) revision of the methodology for calculating household savings routed through the securities market.

Delhi Man Arrested For Defrauding Paralyzed Brother-In-Law

Delhi Man Arrested For Defrauding Paralyzed Brother-In-Law

Rediff.com2 days ago

Delhi Police have arrested a 26-year-old man for allegedly siphoning off Rs 1.48 lakh from his paralysed brother-in-law's bank accounts after gaining the family's trust as his caretaker.

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Rediff.com14 May 2026

Police in Gautam Buddh Nagar claim an accused linked to violent labour protests in Noida received over Rs 1 crore from foreign countries in their personal bank account.

Ex-IDFC Bank Staff Held In Rs 590 Crore Money Laundering Case

Ex-IDFC Bank Staff Held In Rs 590 Crore Money Laundering Case

Rediff.com12 May 2026

The Enforcement Directorate has arrested two former IDFC First Bank employees in connection with a money laundering case involving the alleged embezzlement of Rs 590 crore in Haryana government funds.

CBI Raids Multiple Locations In Haryana Bank Scam Case

CBI Raids Multiple Locations In Haryana Bank Scam Case

Rediff.com15 May 2026

The Central Bureau of Investigation (CBI) conducted searches at multiple locations in Chandigarh and Panchkula in connection with a Haryana bank scam case and seized financial records and digital evidence linked to the alleged fraud.

Builder Duped Of 18 Lakh On Loan Promise In Thane

Builder Duped Of 18 Lakh On Loan Promise In Thane

Rediff.com4 days ago

A builder and two others were allegedly duped of 18.19 lakh by two individuals in Thane, Maharashtra, who promised to secure business loans for them.

Chartered Accountant Among Two Arrested In Delhi GST Fraud Case

Chartered Accountant Among Two Arrested In Delhi GST Fraud Case

Rediff.com16 May 2026

Delhi Police's Economic Offences Wing has arrested two individuals, including a chartered accountant, in connection with a GST and VAT fraud involving the misuse of business credentials and dummy firms.

Tata Sons Dilemma: To List Or Not To List

Tata Sons Dilemma: To List Or Not To List

Rediff.com5 hours ago

The upcoming Tata Sons board meeting in June could possibly throw some light on several critical issues that may have a bearing on the future of the corporate behemoth.

Global Firms Invest Rs 963 Crore In Paytm Parent Company

Global Firms Invest Rs 963 Crore In Paytm Parent Company

Rediff.com2 days ago

Global financial institutions, including Goldman Sachs and Citigroup, have invested Rs 963 crore in One 97 Communications (Paytm's parent company) through open market transactions, acquiring a 1.34 per cent stake from SAIF Partners and Elevation Capital.

King's College Offers Rs 6.44 Lakh Grant For Indian Students Only

King's College Offers Rs 6.44 Lakh Grant For Indian Students Only

Rediff.com4 days ago

The University of Gloucestershire is looking for international student-athletes for funded study and training opportunities in the UK.

Nowhera Shaik Arrested In Heera Group Investment Fraud Case

Nowhera Shaik Arrested In Heera Group Investment Fraud Case

Rediff.com3 days ago

The Enforcement Directorate (ED) has arrested Nowhera Shaik, the prime accused in the Heera Group-linked alleged investment fraud, from an Airbnb property in Gurugram. Shaik was living under a fake identity and using forged documents. The Heera Group allegedly collected over Rs 5,978 crore from the public, promising high returns but failing to return even the principal amount.

Punjab SDM Arrested Over Highway Project Embezzlement

Punjab SDM Arrested Over Highway Project Embezzlement

Rediff.com16 May 2026

A sub-divisional magistrate (SDM) posted in Punjab's Gurdaspur has been arrested in connection with the Rs 1.63 crore embezzlement of funds linked to land acquisition for a national highway project in 2018-2019.

ED Seizes Gold, Diary During Raid In Kolkata

ED Seizes Gold, Diary During Raid In Kolkata

Rediff.com1 days ago

The Enforcement Directorate (ED) seized gold worth nearly Rs 4 crore and recovered a 'suspicious diary' during searches at the residence of arrested businessman Jay S Kamdar in Kolkata.

World Bank Chief Advocates 'Small AI' For Farmers

World Bank Chief Advocates 'Small AI' For Farmers

Rediff.com4 days ago

World Bank President Ajay Banga has advocated for the deployment of 'Small AI' locally deployed artificial intelligence running on inexpensive hardware to address daily problems faced by farmers and rural communities in emerging markets.

Why Pune Man Planted Bomb In Hospital To Extort Money

Why Pune Man Planted Bomb In Hospital To Extort Money

Rediff.com15 May 2026

A man was arrested for planting an improvised explosive device in a private hospital in Pune in an attempt to extort money from the facility, according to police.

NEET UG Cancellation: How to Claim Your 100% Fee Refund Online

NEET UG Cancellation: How to Claim Your 100% Fee Refund Online

Rediff.com4 days ago

The NTA has also confirmed that the upcoming re-examination, scheduled for June 21, 2026, will be conducted entirely free of cost for all previously registered candidates, funded fully through the agency's internal reserves.

Self-Styled Godman Extorted Crores Via Bank Accounts: ED

Self-Styled Godman Extorted Crores Via Bank Accounts: ED

Rediff.com5 days ago

The Enforcement Directorate (ED) has arrested self-styled godman Ashok Kharat, accusing him of systematic extortion and money laundering through a network of bank accounts. Kharat allegedly rotated over Rs 47 crore of ill-gotten money through 60 bank accounts, deceiving devotees by claiming divine powers.

Sebi mulls allowing gift cards, prepaid instruments to invest in mutual funds

Sebi mulls allowing gift cards, prepaid instruments to invest in mutual funds

Rediff.com24 Mar 2026

Markets regulator Sebi on Tuesday proposed introducing gift cards or gift prepaid payment instruments (PPIs) for investments in mutual funds to improve financial inclusion through onboarding of new investors in the space.

Are You Looking To Build Your First Startup?

Are You Looking To Build Your First Startup?

Rediff.com4 days ago

rediffGURU Vishal Bisht, founder and CEO of IT services provider Marksman Technologies, recommends strategies to build a successful brand.

From US to China to Lashkar: NIA traces GoPro camera trail in Pahalgam probe

From US to China to Lashkar: NIA traces GoPro camera trail in Pahalgam probe

Rediff.com1 days ago

Indian investigators are tracing the supply chain of a US-manufactured GoPro camera found with Lashkar-e-Taiba terrorists, revealing a potential external logistics network supporting terror outfits in Jammu and Kashmir.

Punjab Minister's ED Remand Extended In Money Laundering Probe

Punjab Minister's ED Remand Extended In Money Laundering Probe

Rediff.com16 May 2026

A court in Gurugram has extended the Enforcement Directorate (ED) remand of Punjab minister Sanjeev Arora by two days in connection with a Rs 100-crore money laundering case.

Abhishek Banerjee Alleges Centre Starving West Bengal by Blocking Funds

Abhishek Banerjee Alleges Centre Starving West Bengal by Blocking Funds

Rediff.com5 Apr 2026

Trinamool Congress leader Abhishek Banerjee accuses the central government of withholding funds from West Bengal to punish voters for supporting the TMC, while highlighting state-led initiatives to support the population.

Haryana Government Approves CBI Probe Into Bank Fraud Case

Haryana Government Approves CBI Probe Into Bank Fraud Case

Rediff.com16 May 2026

The Haryana government has authorised the CBI to investigate the alleged involvement of five IAS officers in a Rs 590-crore fraud case involving IDFC First Bank. The CBI can now summon the officers for questioning.

Supreme Court to hear Rs 500 cr UAE money decree case in July after mediation fails

Supreme Court to hear Rs 500 cr UAE money decree case in July after mediation fails

Rediff.com19 hours ago

The Supreme Court has scheduled a July hearing for the Rs 500 crore money decree case involving Ras Al Khaimah Investment Authority (RAKIA) and industrialist Nimmagadda Prasad, following the failure of a mediation process led by former Chief Justice of India U U Lalit.

Bengal Government To Probe Corruption, Atrocities Under Previous TMC Regime

Bengal Government To Probe Corruption, Atrocities Under Previous TMC Regime

Rediff.com7 days ago

The West Bengal cabinet has approved the formation of two panels headed by retired judges to investigate alleged institutional corruption and atrocities against women and children during the previous TMC regime.

Shakira, Madonna, BTS To Headline 2026 FIFA World Cup Halftime Show

Shakira, Madonna, BTS To Headline 2026 FIFA World Cup Halftime Show

Rediff.com14 May 2026

Global pop stars Shakira, Madonna and Korean sensation BTS will headline the first-ever halftime show at the 2026 FIFA World Cup final with proceeds going towards a global education initiative.