Masked Robbers Loot Factory Agent of ₹5 Lakh in Ludhiana
Two masked men on a motorcycle robbed a factory collection agent of over ₹5 lakh, his phone, and wallet on Noorwala Road, Ludhiana. Police are investigating.
Category : Banking
Bahraich Police Recovers 101 Lost Mobiles Worth Rs 25 Lakh
Bahraich police's SWAT and surveillance team recovered 101 lost mobile phones worth Rs 25 lakh, handing them to owners at a ceremony. SP Vishwajeet Srivastava praised the team.
Banking, insurance complaints surge in Karnataka
Banking and insurance complaints in Karnataka rose in 2025-26, with claim rejections and service deficiencies cited. Consumer court orders often remain unenforced, highlighting awareness gaps.
Tax Consultant Dupes Relative of Rs45 Lakh in GST Fraud
A tax consultant from Palghar allegedly cheated his distant relative, a soybean trader from Junnar, of Rs45 lakh by failing to pay GST. The accused took Rs77 lakh but paid only Rs32 lakh, providing fake receipts.
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Karnataka CM seeks report on LPG, diesel price hike
Karnataka CM DK Shivakumar seeks detailed report on recent LPG, industrial gas and diesel price hikes. DCM G Parameshwara criticizes Centre for burdening common people.
Jewellery Employee Held for Stealing 280 Grams Gold
Ahmedabad crime branch arrested a 30-year-old jewellery shop employee for stealing 280 grams of gold worth Rs 42.1 lakh over six months. Five gold bars recovered.
Prayagraj to Replace Old Pipes to End Contaminated Water
Prayagraj administration plans to replace dilapidated water pipes costing over Rs 15 crore to resolve contaminated water supply complaints in 60+ wards.
Indian Indices End Lower as RBI Holds Rates, Global Cues Weigh
Indian benchmark indices closed marginally lower on Friday after the RBI kept repo rate unchanged at 5.25%, raised inflation forecast, and cut GDP growth projection. Global market weakness and FII selling added pressure.
Belagavi Cracks Down on Fraud Deposit Schemes
Belagavi district intensifies action against fraudulent deposit schemes, with three more firms under scrutiny following raids on Shivam Associates and Adityaraj Capital.
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Phagwara trader loses ₹54 lakh in paddy payment fraud
A Phagwara businessman was cheated of ₹54.37 lakh in a paddy transaction. Police registered a case against Davinder Singh after an inquiry.
Window company director arrested for cheating over defective windows
Ravi Panjwani, director of Yantra Window System, was arrested for allegedly installing defective aluminium windows at a luxury apartment in Mumbai, causing losses of over Rs 72 lakh.
CBI Searches in Rs 661 Crore IDFC-AU Bank Fraud Case
The CBI conducted searches in connection with a Rs 661 crore fraud involving IDFC First Bank and AU Finance Bank, alleging public servants received undue advantages.
EOW files chargesheet in Rs 15.32 crore bank fraud case
Mumbai EOW files chargesheet against former New India Co-operative Bank officials and Percept Group executives for alleged loan irregularities causing Rs 15.32 crore loss. Investigation ongoing.
Bhopal Metro Boosts Non-Fare Revenue Amid Losses
Bhopal Metro introduces 'Celebration on Wheels' and station leasing to generate non-fare income, as passenger numbers remain low. Commercial operations cover only 7 km.
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India's Forex Reserves Rise by USD 938 Million to USD 682.32 Billion
India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion for the week ending May 28, according to RBI data. This follows a decline of USD 7.511 billion in the previous week.
Karnataka Bank TPP Conference Sets FY26-27 Roadmap
Karnataka Bank's TPP conference brought together leaders and partners to discuss insurance opportunities, ethical selling, and tech adoption, aligning with 'Insurance for all by 2047' vision.
Odisha Vigilance Raids Engineer, Seizes Properties
Vigilance sleuths in Odisha raided assistant executive engineer Baikuntha Nath Behera, detecting five multi-storeyed buildings, 13 high-value plots, and cash over Rs 2.66 lakh from disproportionate assets.
IBC at 10: Five Transformations Reshaping India's Insolvency
The Insolvency and Bankruptcy Code turns 10, marking a decade of creditor control, business revival, and improved recoveries. Here are five key transformations.
RBI Measures Could Trigger $40-75 Billion Inflows, Support Rupee
RBI's monetary policy measures aim to shift rupee perception from depreciation to inflows. SBI Research estimates $40 billion inflows, Kotak $50-75 billion, potentially supporting rupee towards 92-93 levels.
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West Bengal BJP Seeks GI Tags for Traditional Sweets
West Bengal BJP initiates efforts to secure GI tags for traditional sweets like Kansat and Mohan Bhog, aiming to boost recognition and set up Misthi Hubs for organized production and export.
Belagavi Ponzi Scam Probe Widens as Officials Trace Funds
Revenue, Co-operative Department officials, and Cyber Crime police jointly investigate Belagavi Ponzi scam, tracing depositors, bank accounts, and transactions by questioning staff and examining records.
RBI Holds Repo Rate at 5.25%: Experts React
The RBI maintained the repo rate at 5.25% for the third consecutive time, balancing growth and inflation concerns. Experts highlight cautious stance amid rising crude prices and rupee volatility.
RBI, Govt Measures Aim to Attract Foreign Investors, Boost Rupee
The RBI and government announced coordinated measures to attract foreign portfolio investors and NRI funds to bonds and deposits, including tax exemptions and hedging cost subsidies, boosting the rupee by 84 paise.
RBI Tightens Deposit Interest Rate Disclosure Norms
RBI proposes stricter disclosure norms for deposit interest rates, requiring banks to publish rates upfront and prevent intra-day changes. A fourth factor for pricing bulk deposits is introduced.
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Tata Trusts Seeks Rs 1,000 Crore Damages in Share Row
Tata Trusts has demanded that petitioner Suresh Patilkhede and his lawyer withdraw allegations over a 1989 share transfer, seeking Rs 1,000 crore in damages for reputational harm.
MFs Restrict Large Gold ETF Inflows to Align with Govt Policy
Three large mutual fund houses—HDFC MF, ICICI Prudential MF, and Nippon India MF—have restricted large inflows into gold ETFs and FoFs to align with the government's policy discouraging gold purchases.
RBI Holds Repo Rate at 5.25%, Cuts Growth, Raises Inflation
RBI kept repo rate unchanged at 5.25% amid West Asia conflict, cut FY27 growth forecast to 6.6%, and raised inflation projection to 5.1%, signaling caution over broadening price pressures.
Businessman Gets 3 Years for Rs 4 Crore Bank Fraud
A special CBI court in Mohali sentenced businessman Sameer Dua to three years rigorous imprisonment for his role in a Rs 4 crore bank fraud case involving forged documents.
Ahmedabad Visa Fraud: Man Duped of Rs 4.5 Lakh
A 39-year-old unemployed man from Ahmedabad filed a complaint against DAA Business Consultant Services for allegedly defrauding him of Rs 4.5 lakh by promising a work visa for his brother.
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Calcutta HC Grants Bail in Rs 50 Crore Crypto Case
Calcutta High Court granted bail to two accused in a cryptocurrency case involving over Rs 50 crore and China links, citing trial delays and long custody.
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