CGST Monthly Hearings in Kolhapur to Ease Compliance
CGST chief Neeraj Kansal assures monthly hearings in Kolhapur, reducing travel costs for small traders. Faster GST refunds and GSTAT bench in Pune also promised.
Category : Banking
Farmer Duped of Rs 8.6 Lakh by Fake Onion Traders
A farmer in Mhow was cheated of over Rs 8.6 lakh by three men posing as onion traders who took 70 tons of onions using forged documents. Police have filed a case.
Walmart Shareholders Reject Immigration Report Proposal
Walmart shareholders voted against a proposal to report on how US immigration policy changes under Trump may affect operations, with 89.88% of shares represented.
Fake Tender Fraud: Businessman Loses Rs 1.84 Crore in Surat
A fabrication businessman in Surat was cheated of Rs 1.84 crore by a man who promised a fake SMC tender for installing grills along the BRTS corridor. The accused produced forged documents.
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India-Nepal UPI-NPI Link for Instant P2P Transfers
NPCI International and Nepal Clearing House partner to enable UPI-NPI payment linkage, allowing instant, low-cost cross-border P2P remittances between India and Nepal.
Bajaj Finance Gold Loan Calculator: Know Your Loan Amount
Bajaj Finance's gold loan calculator provides verified loan estimates based on gold weight, purity, and IBJA rates. Borrowers need only one KYC document, no income proof. Loan up to Rs 2 crore with same-day disbursal.
Rupee Rises 25 Paise to 95.36 Against US Dollar
The Indian rupee strengthened by 25 paise to close at 95.36 against the US dollar on Wednesday, tracking positive domestic equities and dollar weakness.
Nifty, Sensex Rise on Soft Crude, Easing West Asia Tensions
Indian equity benchmarks Nifty and Sensex closed higher on Tuesday, recovering from recent losses, driven by softer crude oil prices and easing West Asia tensions.
India Brokered a Rupee Truce, Not Won Peace
The Reserve Bank of India made a bold move to curb speculative short positions on the rupee, but had to partially roll back. This truce is not a victory, just a pause.
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Rajesh Exports Founder Denies Fund Diversion, Says Sebi Misread
Rajesh Exports founder denies fund diversion in ACC Energy case, claims Sebi misread accounting entries. Company MD and CFO admitted unawareness of transactions.
Gold Futures Rise on Fresh Spot Demand and New Positions
Gold futures increased on Tuesday due to fresh spot demand and new positions built by participants, as per analysts. The multi-commodity exchange saw gains.
AirAsia fined Rs 90,750 for damaged jackfruit sapling
A consumer commission in Kerala directed AirAsia to pay Rs 90,750 compensation after a hybrid jackfruit sapling carried by a farmer was damaged due to flight delay.
TDS Rules for Property Buyers: 1% Tax on Rs 50 Lakh+ Deals
Buyers of immovable property worth Rs 50 lakh or more must deduct 1% TDS under Section 194-IA. Learn the conditions, process, and penalties for non-compliance.
ITR Filing 2025-26: Form 16 Explained for Salaried Taxpayers
Form 16 is essential for salaried taxpayers filing ITR for FY 2025-26. Learn what it contains, how to get it, and what to do if you switched jobs.
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Postal Dept Liable for Lost Pashmina Shawls: Consumer Panel
The District Consumer Disputes Redressal Commission, Baramulla, held postal authorities liable for losing a parcel of three Pashmina shawls worth Rs 60,000, ordering Rs 1,20,000 compensation for deficiency in service.
Finance Ministry Seeks Gold Loan Details from Banks
The finance ministry has asked bullion-importing banks to submit detailed information on gold metal loans and gold-backed loans from 2023, indicating potential policy measures to curb imports.
Rupee Rises 20 Paise to 95.41 Against US Dollar
The Indian rupee strengthened by 20 paise to 95.41 against the US dollar in early trade on Tuesday, supported by positive cues from de-escalation between Israel and Iran.
Vodafone Idea Shares Near 52-Week High on Court Relief
Vodafone Idea stock surged close to its 52-week high after the Bombay High Court provided relief on a tax dispute, boosting investor sentiment.
Sensex, Nifty Open Higher as Tensions Ease
Indian benchmark indices Sensex and Nifty opened on a positive note on Monday, tracking global cues as easing Middle East tensions boosted investor sentiment.
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UP Economy Grows at 10.8% CAGR, GSDP at Rs 30.25 Lakh Crore
Uttar Pradesh's economic survey for 2025-26 shows a 10.8% CAGR growth, GSDP rising from Rs 13.30 lakh crore to Rs 30.25 lakh crore. Tax revenue doubled, exports surged, and the state sheds its BIMARU tag.
Govt to divest 3% stake in NLC India via OFS on June 9
The government will divest up to 3% stake in NLC India through an offer for sale on June 9, aiming to raise at least Rs 1,260 crore. The floor price is set at Rs 303 per share, a 10% discount to Monday's close.
Bombay HC Quashes Retro Spectrum Charge on Telcos
The Bombay High Court quashed the Centre's retrospective one-time spectrum charge on Bharti Airtel and Vodafone Idea, ruling that the government cannot unilaterally alter financial terms of telecom licences after they have been granted.
India's current account surplus narrows to $7.1 billion in Q4 FY26
India's current account surplus halved to $7.1 billion in Jan-Mar 2026 from $13.7 billion a year earlier, due to higher gold imports and a widening merchandise trade deficit.
RBI absorbs forex risk to attract dollar inflows, offers cheaper ECB route for PSUs
RBI opens dollar tap by absorbing forex risk on FCNR(B) deposits and offering cheap ECB swaps for PSUs, targeting $50 billion inflows. No premium on FCNR swaps; 1.5% annual cost for ECBs.
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SBI frauds: 30,700 cases, Rs 6,313 crore lost in 3 years
RTI data reveals over 30,700 fraud cases involving Rs 6,313.4 crore at SBI from April 2023 to March 2026, with West Bengal as top hotspot and UPI leading digital frauds.
Father and Sons Arrested for Jeweller Robbery in Ludhiana
A father and his two sons were arrested for stabbing and robbing a jeweller in Ludhiana, driven by stock market losses and financial distress. Police recovered stolen items and a pistol.
Bhilwara Police Arrest Two Thieves, Recover 18 Motorcycles
Bhilwara police arrested two accused, including a history-sheeter, and recovered 18 motorcycles in a vehicle theft case. The arrests were made during a special campaign to curb rising thefts.
Pratapgarh Police Raids Loan Mafia, Seizes Gold and Vehicles
Pratapgarh police raided the hideouts of alleged loan mafia Bhagwanlal Prajapat in Bhanawata, seizing gold, silver, vehicles, and documents. The action is part of a campaign against illegal loan sharks exploiting villagers.
Ahmedabad Agent Booked for Rs 10 Crore LIC Fraud
An Ahmedabad investment agent faces fresh cheating charges after a Mumbai woman alleged he siphoned over Rs 10 crore from her family's LIC policies and investments between 2010 and 2019.
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RBI Launches Twin USD-INR Forex Swap Facilities
The RBI introduces two special USD-INR forex swap facilities for FCNR(B) deposits and ECBs/OFCBs to attract foreign currency inflows and support external financing.
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