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.
Category : Banking
Central Bank of India OFS Oversubscribed 2.35x on Day 1
The government's offer for sale in Central Bank of India was oversubscribed 2.35 times on day one, prompting the use of the green shoe option to sell an additional 4% stake.
RBI Announces Record Rs 2.87 Lakh Crore Dividend
The RBI has declared a record dividend of Rs 2.87 lakh crore for FY26-27, boosting government non-tax revenue amid economic pressures from global oil shocks and geopolitical tensions.
Airfares surge 30% forcing Bengalureans to rethink holidays
Airfares have surged up to 30% after a 25% ATF price hike, forcing Bengalureans to opt for cheaper nearby destinations or cancel travel plans. International fares have also doubled, impacting bookings.
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RBI Transfers Record Rs 2.86 Lakh Crore to Govt for FY26
The RBI approved a record surplus transfer of Rs 2.86 lakh crore to the central government for FY26, boosting fiscal revenues and supporting economic growth.
UPI to Go Live in Cyprus Next Year, MEA Confirms
India's UPI payment system will be operational in Cyprus from next year, as confirmed by the Ministry of External Affairs, boosting digital payments and bilateral ties.
India's Forex Reserves Drop $8bn to $688.9bn
India's foreign exchange reserves declined by $8 billion to $688.894 billion for the week ended March 21, marking the first drop after multiple weeks of increase.
ITAT Ruling: No Capital Gains Tax on Late ITR If Funds Used
The Mumbai ITAT ruled that a taxpayer need not pay capital gains tax on property sale even if ITR was filed late, provided the gains were already reinvested in a new home before filing.
RBI Announces Record Rs 2.87 Lakh Crore Dividend to Government
The RBI declared a record dividend of Rs 2.87 lakh crore for FY26, surpassing last year's Rs 2.69 lakh crore. The central bank's net income rose to Rs 3,95,972.10 crore, providing fiscal relief amid global challenges.
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RBI to Pay Record Rs 2.87 Lakh Crore Dividend to Govt
The Reserve Bank of India will pay a record dividend of Rs 2.87 lakh crore to the central government for the fiscal year 2025-26, boosting government revenue and aiding fiscal consolidation.
HRA Claims: 28,174 Taxpayers Found Making Bogus Rent Deductions
Tax authorities uncovered 28,174 taxpayers with disproportionate HRA claims. Nearly 4,200 updated returns, reversing Rs 217 crore in bogus claims and yielding Rs 120 crore in additional tax revenue.
SBI Mutual Fund Hikes Bandhan Bank Stake Above 5%
SBI Mutual Fund increased its holding in Bandhan Bank to 5.04% after buying 16.98 lakh shares from the open market. The stock traded higher on Friday.
FPI Share in NSE Firms at 17-Year Low in FY26
Foreign portfolio investors' share in NSE-listed companies has been declining since March 2023, reaching a 17-year low in FY26, according to NSE data.
Central Bank of India OFS Opens: Floor Price ₹48.50
Central Bank of India's OFS opens for subscription with a floor price of ₹48.50 per share. Retail investors get 5% discount. Check details on NSE and BSE.
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RBI Sells $2-3 Billion to Defend Rupee, Currency Strengthens
The RBI sold $2-3 billion on Thursday to defend the rupee, with further intervention on Friday, helping the currency strengthen past 96 per dollar. Oil prices and FPI outflows remain key pressures.
Gold Slips Further, Silver at Rs 2.72 Lakh/kg on MCX
Gold prices continued to decline on MCX, while silver surged to Rs 2.72 lakh per kg. Check city-wise rates for 22K and 24K gold today.
RBI Considers Rate Hike to Halt Rupee's Plunge
The RBI, led by Governor Sanjay Malhotra, is weighing measures including a rate hike to stabilize the rupee after it hit a record low near 97 per dollar.
Vodafone Idea share price gains on 5G expansion plans
Vodafone Idea share price surged after the company announced plans to expand its 5G footprint. The stock gained over 5% on Thursday, May 22, 2026.
TDI Directors May Go to Jail in Homebuyer Case
A court warns TDI directors of jail for failing to refund homebuyers. The case highlights legal remedies for buyers and the consequences for builders under consumer protection laws.
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Rupee rises 18 paise to 96.18 vs US dollar
The Indian rupee gained 18 paise to 96.18 against the US dollar in early trade on Thursday, supported by constructive diplomatic signals from the US on the Iran situation.
ITC Dividend 2026: Stock Opens Red Post Q4 Results, Rs 8
ITC shares opened in the red on May 22, 2026, after the company announced Q4 results and a dividend of Rs 8 per share. Check record date and details.
SEBI Proposes Pre-Open Price Discovery Revamp
SEBI has proposed changes to the pre-open price discovery mechanism to prevent artificial price suppression. The new rules aim for fairer price formation during the IPO listing process.
Banks Propose RBI Subsidise Hedging to Attract $30-50bn Forex
Banks suggest RBI subsidise hedging costs to attract $30-50bn forex, including FCNR-B swaps and removal of withholding tax on debt investments.
FBI Releases Video of Fraud Suspect Fleeing After Balcony Jump
A man jumped from a fourth-floor balcony to evade FBI arrest for a $90 million fraud scheme in Minnesota. The FBI released footage and seeks public help to capture Mohammed Omar.
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NMRDA, ICAI Join Hands for Single Window System in Nagpur
NMRDA signs MoU with ICAI to develop a single window clearance system for the 11,300-crore New Nagpur Business District, enhancing ease of doing business and digital governance.
Oil firms push premium petrol on dealers in Nagpur
Petroleum dealers in Nagpur allege oil companies are forcing them to buy costly premium petrol, causing delays in regular fuel supply. Consumers prefer regular petrol due to high prices.
Chandigarh Police Book Immigration Firms for ₹1 Crore Fraud
Chandigarh police have registered seven FIRs against immigration firms for allegedly duping job aspirants of around ₹1 crore in visa fraud cases.
Heera Gold scam accused Nowhera Shaik arrested by ED
Nowhera Shaik, prime accused in the Heera Gold fraud, was arrested by ED from a Gurugram Airbnb using a fake identity. She was hiding after Supreme Court cancelled bail.
CBI Files 10,000-Page Chargesheet in Rs 593 Crore Fraud
The CBI filed a 10,000-page chargesheet in a Rs 593 crore fraud case involving IDFC First Bank and AU Small Finance Bank. The chargesheet names 15 accused, including bank officials, government employees, and private individuals.
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Fire at Gurgaon Substation Causes 9-Hour Power Outage
A fire at a Sector 9 substation in Gurgaon led to a nine-hour power outage affecting 1,500 families in three societies. Parina Laxmi Apartment suffered the most due to lack of backup.
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