Railways launch special train after bridge collapse
Indian Railways launched a special unreserved train between Bhagalpur and Katihar to restore connectivity after the Vikramshila Setu collapse, aiding stranded commuters and traders.
Category : Banking
IDCW Option in Mutual Funds: Key Factors to Consider
IDCW option in mutual funds offers periodic payouts but may impact long-term growth. Understand tax implications, NAV erosion, and reinvestment strategies before choosing.
Add-On Complexity Reshapes Bike Insurance Buyer Choices
The increasing complexity of add-ons in bike insurance is altering how buyers choose policies. Understanding these changes is crucial for insurers and customers alike.
Land Loans: Eligibility, Rates, Tax Benefits Guide
Considering a plot loan? Understand eligibility, interest rates, down payment, tax rules, and documents needed. Get insights on how land type and location affect approval.
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RERA Rights for Homebuyers: Refund or Compensation for Delays
Thousands of homebuyers face delays in flat possession. Under RERA, they can seek compensation or full refund with interest for prolonged delays. Know your rights and how to file a complaint.
CBI Court Gives 5-Year Jail in Rs 1.24 Crore Bank Fraud
A special CBI court in Chennai sentenced three persons, including a software company's MD, to five years rigorous imprisonment for cheating SBI of Rs 1.24 crore through fake loans.
Petrol, diesel prices hiked 87-91 paise; cumulative rise nears Rs 5
State-owned oil companies raised petrol and diesel prices by 87-91 paise per litre on Saturday, marking the latest in a series of hikes that have pushed retail fuel rates up by nearly Rs 5 per litre in less than 10 days.
SEBI Cracks Down on Finfluencer Pump and Dump Network
SEBI has taken action against a finfluencer network involved in pump and dump schemes, urging retail investors to avoid social media stock tips.
SEBI Proposes New Rules to Curb IPO Price Suppression
SEBI has floated new rules to curb artificial price suppression in IPOs, aiming to enhance transparency and protect retail investors from market manipulation.
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ED Arrests Nowhera Shaik in Heera Group Fraud Case
The Enforcement Directorate arrested Nowhera Shaik, owner of Heera Group, in Gurugram for allegedly defrauding investors of over Rs 3,000 crore through a Ponzi scheme.
ED arrests Ajay Sehgal in GMADA-CLU scam case
The Enforcement Directorate arrested Ajay Sehgal in a money laundering case linked to the GMADA and CLU scam in the Suntec City project, involving forged consent letters and illegal sales over Rs 200 crore.
Gold Loan Amount Per Gram Varies with Purity
Gold loan amount per gram depends on purity, market rate, and lender policies. Learn how 22K, 18K, and 24K gold affect loan values and why they differ across lenders.
Fuel Prices Hiked Third Time in October, Petrol Nears Rs 100
State-run fuel retailers raised petrol and diesel prices by less than Re 1 per litre on Saturday, marking the third hike this month amid elevated crude oil prices due to the Iran conflict.
India LRS Outflows Drop 2% to $29 Billion in FY26
India's LRS outflows fell 2% to $29 billion in FY26, driven by a 20.9% drop in overseas education spending and a 3.1% dip in travel, while asset investments surged.
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Gold jewellery sales volumes hit decade low as prices surge
Gold jewellery sales volumes in India hit a decade low due to high prices and import duty hike, with volumes dropping 8% in FY26 and expected to decline further, though revenue grows.
RBI Board Approves Rs 2.87 Lakh Crore Dividend to Govt
The RBI board approved a Rs 2.87 lakh crore dividend to the government for 2025-26, up 6.7% from last year, despite a 143% increase in contingency risk buffer transfers to Rs 1.09 lakh crore.
Kevin Warsh Sworn in as Fed Chair Amid Iran War Inflation
Kevin Warsh was sworn in as US Federal Reserve chair on Friday, facing surging inflation from Iran war-driven oil prices and AI economic shifts, with a pledge for reform-oriented leadership.
RBI Sold $53.1 Billion in FY26 to Curb Rupee Volatility
The RBI stepped up dollar sales in FY26, selling a net $53.1 billion to manage exchange rate volatility. Bankers estimate the central bank made at least 10% profit, contributing nearly Rs 50,000 crore to its income.
Ayushman Bharat May Have Two Beneficiary Categories in Bengal
Bengal's Ayushman Bharat integration may create two categories: one for existing eligible beneficiaries and another for middle- and lower-income groups now under Swasthya Sathi.
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Power Cuts Loom as Gurgaon Substation Delays Continue
Delays in a key power substation in Gurgaon's Sector 99 leave thousands vulnerable to outages this summer, with officials citing coordination and penalty issues.
CBI Raids Shri Hari Extrusion Directors in Rs 62 Crore PNB Fraud
The CBI conducted searches at the premises of Shri Hari Extrusion Pvt Ltd directors in connection with an alleged Rs 62 crore fraud at Punjab National Bank, involving loan diversion and siphoning.
Punjab Minister Warns Against Excessive RBI Dividend Transfer to Centre
Punjab finance minister Harpal Singh Cheema criticized the Centre for taking an unprecedented Rs 2.87 lakh crore dividend from RBI, warning it could weaken the central bank's resilience and undermine cooperative federalism.
Bihar: Second instalment of Rs20,000 for Jeevika Didis this month
Bihar's rural development minister announced the second instalment of Rs20,000 under MMRY for Jeevika Didis this month, dismissing opposition allegations of election stunt.
IT Dept Launches PRARAMBH 2026 Campaign in Jaipur
The Income Tax Department launched 'PRARAMBH 2026' in Jaipur to raise awareness about the New Income-tax Act, 2025. Rajasthan recorded Rs 37,000 crore tax collection, growing 7%.
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SEBI Targets Finfluencer Misconduct, Freezes Accounts
SEBI cracks down on finfluencers misleading retail investors, freezing accounts and tightening regulations to safeguard market integrity.
ED Arrests Heera Group Chief Nowhera Shaik in Rs 3,000 Cr Fraud
The Enforcement Directorate arrested Heera Group chief Nowhera Shaik from Gurugram in a Rs 3,000-crore fraud involving over 1.72 lakh investors. She was living under a false identity.
Ramco Systems Posts Rs 41.8 Crore Profit in FY26
Ramco Systems reports Rs 41.8 crore net profit for FY26, its first profitable year since FY21, driven by SaaS revenue growth and operational discipline.
Mumbai Police File Case Against Osia Hyper Retail for Rs 9.3 Cr Loan Fraud
Mumbai Police have registered an FIR against Osia Hyper Retail Ltd and its directors for allegedly obtaining Rs 9.3 crore in bank loans through fraudulent invoices on the TReDS platform and defaulting on repayment.
SBI Branches Normal May 25-26 After Strike Deferred
State Bank of India branches will function normally on May 25 and 26 as the proposed two-day nationwide strike by employees has been deferred following positive discussions between management and union representatives.
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ED Arrests Heera Group Scam Accused Nowhera Shaik
The Enforcement Directorate arrested Nowhera Shaik, the main accused in the Rs 3,000 crore Heera Group scam, and produced her before a PMLA court in Hyderabad, which remanded her to judicial custody.
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