The CBI has arrested five individuals, including a key figure, in connection with the LUCC chit fund scam in Uttarakhand, which involves over Rs 400 crore. The case concerns alleged irregularities by the Loni Urban Multi-State Credit and Thrift Co-operative Society (LUCC), accused of enticing investors into unregulated schemes.
The Central Bureau of Investigation (CBI) has arrested Sanjit Chakraborty, a proclaimed offender allegedly involved in two chit fund scam cases in Tripura involving over Rs 7.75 crore. Chakraborty was arrested in Kolkata after being absconding since 2013.
Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
Equity-oriented mutual fund schemes in India experienced a 5 per cent decline in net inflows in April, reaching Rs 38,440 crore, while monthly Systematic Investment Plan (SIP) contributions also saw a decrease.
Indian golfer Karandeep Kochhar voices concerns about the uncertainty surrounding LIV Golf-backed funding and its potential impact on the Asian Tour and Indian golf.
'Existing investors who have not acted so far may consider holding on to these funds with the understanding that the higher returns they expected from them may now take longer to materialise.'
The Sports Authority of India (SAI) has provided financial assistance for India's participation in the IBSF World Men's Billiards Championship in Ireland, supporting players like Sourav Kothari and Pankaj Advani.
The Sports Authority of India (SAI) has provided financial assistance for India's participation in the IBSF World Men's Billiards Championship in Ireland, supporting players like Sourav Kothari and Pankaj Advani.
Police in Surat are investigating an alleged interstate hawala-linked political funding network involving Aam Aadmi Party (AAP) functionaries, with Rs 1.25 crore reportedly routed from Delhi to Surat ahead of Gujarat local body polls. The AAP has dismissed the claims as a conspiracy by the ruling BJP.
A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.
Direct plans of mutual fund schemes added nearly 21 million individual investor folios in FY26 (as of February), surpassing regular plans' 15 million net additions, marking only the second time direct plans have outpaced regular plans in annual folio growth, despite turbulent equity markets.
The National Investigation Agency (NIA) has filed a supplementary chargesheet against Areeb Majeed, adding a charge of raising funds for terrorist activities in connection with the 2014 ISIS link case.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
CRISIL Ratings predicts that the share of bank loans in NBFCs' overall borrowings will increase to 44-45 per cent by FY27, driven by elevated bond yields and softening bank lending rates.
A 39-year-old driver in Delhi, employed by a family for 15 years, has been arrested for allegedly exploiting an elderly Alzheimer's patient and siphoning off Rs 2.57 lakh through unauthorised UPI transactions.
While India's interplanetary ambitions remain significant, the current pace of financial and technical progress raises questions about whether the 2027-2028 timelines can be met.
Police are investigating the bank accounts of those arrested in connection with the sexual harassment and religious conversion case involving women employees of an IT firm in Nashik to determine if they received funds for illegal activities. A special investigation team (SIT) is handling the case.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
A man in Uttar Pradesh was allegedly murdered by his wife, daughters, and minor son over fears he would waste money intended for his daughter's wedding, police said.
Indian benchmark indices Sensex and Nifty experienced a significant tumble in early trade, driven by surging global oil prices, continuous outflows by Foreign Institutional Investors (FIIs), and persistent geopolitical uncertainties, particularly in West Asia.
A Section Officer from Mantralaya, Mumbai, was arrested by the Anti-Corruption Bureau for allegedly accepting a bribe of Rs 6.37 lakh to approve development funds.
The Pakistan Hockey Federation (PHF) has confirmed that the government has released funds for the national team's participation in the FIH Nations League and the FIH World Cup. However, player Abdul Hannan Shahid has raised concerns about low daily allowances and lack of financial support for players.
TMC leader Abhishek Banerjee has urged Prime Minister Narendra Modi to release pending central dues to West Bengal before professing his love for the state. Banerjee also criticised BJP leaders for their reaction to the 'Jai Bangla' slogan and accused the BJP of failing to act on its promise to develop the Sagar islands.
Assam Chief Minister Himanta Biswa Sarma has accused West Bengal's Mamata Banerjee government of diverting resources to 'Bangladeshi Muslim infiltrators' and warned of losing Bengal if she remains in power.
Union Home Minister Amit Shah pledged the BJP will recover funds allegedly stolen by the TMC in Bengal and promised development schemes for North Bengal, while attacking Mamata Banerjee's governance.
The CBI has registered an FIR to investigate the alleged embezzlement of 550 crore from Haryana government accounts held with IDFC First Bank, following a referral from the state government.
The Economic Offences Wing of Crime Branch in Kashmir conducted searches at multiple locations in Srinagar and Budgam districts concerning the alleged siphoning of government funds during the COVID-19 pandemic.
Intellius Recode Ltd has filed preliminary papers with SEBI for an IPO comprising a fresh issue of equity shares and an offer for sale by existing shareholders. The funds will be used to develop digital workers and for general corporate purposes.
The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.
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.
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.
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.
A private bank official has been arrested in Haryana in connection with a 150 crore discrepancy in the accounts of Panchkula Municipal Corporation.
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.
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.
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.
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.
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.
Market maven Andrew Holland on why India missed the AI wave, why FIIs are leaving, why he personally invests in cryptocurrencies and why he's still betting big on the country.
A special court has granted the Enforcement Directorate (ED) permission to record statements of 19 alleged ISIS members and sympathizers held in various prisons across India.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances