EOW arrests middleman in Rs 6.88 crore loan fraud
The Economic Offences Wing arrested a middleman for aiding a Rs 6.88 crore loan fraud at a public sector bank in Bhubaneswar. Three women employees were already arrested.
Category : Business
Ludhiana Petrol Pump Owners Face Crisis Amid Stagnant Commissions
Ludhiana petrol pump dealers face financial strain as fuel prices surge, with stagnant commissions and rising operational costs. They demand periodic revisions as per 2012 report.
Rise InfraVentures Reports Strong Growth in FY 2025-26
Rise InfraVentures announced a robust financial performance for FY 2025-26, with revenue up 35% and net profit surging 50%, driven by expansion in infrastructure projects.
FDA raids 100 units in Maharashtra, seizes banned items worth Rs 40 lakh
Maharashtra FDA conducted a three-day crackdown, raiding 100 units and seizing banned gutka, adulterated milk, and ghee worth over Rs 40 lakh. 25 FIRs filed, 33 arrested.
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IAS Officer Dhanendra Kumar Dies at 80, Known for CCI Role
Dhanendra Kumar, a retired IAS officer and first CCI chairperson, passed away at 80. He continued writing and engaging in public life until his final days.
Govt warns industrial users against diverting diesel from retail outlets
The government has warned industrial consumers against buying diesel from retail outlets due to price differences, causing artificial shortages. It assured adequate fuel supplies and announced strict action against violators.
US Mortgage Rates Hit 9-Month High, Squeeze Affordability
US mortgage rates rose to 6.53%, a nine-month high, adding pressure on homebuyers amid spring season. Higher oil prices and inflation concerns drive borrowing costs up.
NCP MLA Jayant Patil Urges Maharashtra Govt to Cut Fuel VAT
NCP (SP) MLA Jayant Patil has urged the Maharashtra government to temporarily remove VAT and surcharges on petrol and diesel to provide relief from rising fuel prices.
India Energy Investment Record $170B by 2026: IEA
India's energy investment is expected to reach a record $170 billion in 2026, driven by renewable energy, grid upgrades, and storage, according to the IEA.
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108 Ambulance Pushed to Start at Hazaribag Hospital
Staff of a 108 ambulance at Sheikh Bhikhari Medical College in Hazaribag were forced to push the vehicle to start it due to a battery issue, raising concerns about the fleet's maintenance.
JPMorgan Ordered to Pay $4.25M Over Deli Platter Dispute
A $642.50 deli platter led to a banker's firing and a $4.25 million payout. FINRA ruled in Brent Ryan Bodner's favor, ordering JPMorgan to pay damages and expunge his termination record.
Taxpayers Association Urges Andhra Govt to Abolish Additional VAT, Road Cess on Fuel
Taxpayers Association urges Andhra government to abolish additional VAT and road development cess on petrol and diesel, citing heavy tax burden causing skyrocketing prices and financial strain on the public.
Infosys Denies Draconian Contract Claims by Australian Union
Infosys denies allegations by Australian union FSU that employment contracts for Bendigo Bank tech workers are draconian, citing compliance and equal opportunity.
Three Arrested for Cheating Gold Loan Agent of Rs 40 Lakh
Three men were arrested for defrauding a gold loan agent of ₹40 lakh by faking a pledge redemption. The accused are in judicial custody.
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Jaipur Police Arrests Man for Rs 1.03 Crore Fraud
Sodala police arrested Abhishek Khandelwal for allegedly transferring over Rs 1.03 crore from Jaipur Bio Fertilisers' accounts to his own and relatives' accounts without authorization.
SVU Arrests Contractor Rishu Shri in Patna Tender Scam
The Special Vigilance Unit arrested contractor Rishu Shri for tender manipulation and money laundering, seizing Rs 2 crore cash and jewellery worth Rs 2 crore from his Patna residence.
Bitcoin Struggles Near $73K After US Strikes on Iran
Bitcoin price hovers near $73,000 amid geopolitical tensions following US airstrikes on Iran, sparking market volatility and investor caution.
MMRDA and KDMC Launch Survey for Dombivli Station Traffic Plan
MMRDA and KDMC have initiated a joint survey for the Dombivli railway station area under the SATIS project to improve traffic, pedestrian movement, and create transit-oriented facilities.
Bengal Transport Operators Seek CM Meeting Over Fuel Costs
Private transport operators in West Bengal have urged Chief Minister Suvendu Adhikari for an urgent meeting to address rising fuel costs, operational uncertainties, and concerns over free travel for women on state buses.
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Hyderabad AI Data Centre Hub: $10-20 Billion Investments
Hyderabad is becoming a major AI data centre hub with $10-20 billion investments in the pipeline, according to a Telangana government official.
India, South Korea to Upgrade CEPA to Fix Trade Deficit
India and South Korea have agreed to upgrade their Comprehensive Economic Partnership Agreement (CEPA) to address the growing bilateral trade deficit and enhance economic cooperation.
India to finalise coal gasification urea policy in a month
India is finalising a policy to promote coal gasification-based urea manufacturing within a month, aiming to reduce dependence on imported natural gas and boost self-reliance in fertiliser production.
Kanke Dam Park renovation stalled for a year due to vendors
The renovation of Kanke Dam Park in Ranchi, a Rs 3 crore project under PPP, has been stalled for a year due to a vegetable market blocking entry. JTDC seeks district administration help to resume work.
Rising Petrol and Diesel Prices Strain RBI, Government, and Households
India faces economic pressure from US-Iran conflict driving up crude oil prices, weakening rupee, and fueling inflation. Rising petrol and diesel costs impact household budgets, food inflation, transport, RBI policy, and Balance of Payments.
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IBC Completes 10 Years, Realises Over Rs 4 Lakh Crore
The Insolvency and Bankruptcy Code (IBC) marks a decade, facilitating recoveries exceeding Rs 4 lakh crore and reshaping India's resolution framework.
UK May Block Sunil Bharti Mittal from Increasing BT Stake
The UK government is reportedly considering blocking billionaire Sunil Bharti Mittal from raising his stake in telecom giant BT Group, citing national security concerns.
Urban Haat Project in Ranchi Gets Renewed Push from FJCCI
The Federation of Jharkhand Chamber of Commerce and Industries urges authorities to create a dedicated marketplace for artisans, rural producers, and small entrepreneurs in Ranchi.
US Stocks Near Records as Oil Rises on Iran Tensions
US stocks held near record levels despite rising oil prices from Iran tensions, as strong corporate earnings like Dollar Tree and Snowflake boosted investor sentiment.
Subbarao Backs Rupee Depreciation as Shock Absorber
Former RBI Governor Duvvuri Subbarao suggests allowing rupee depreciation to absorb external shocks, preferring liquidity management over rate hikes amid inflation pressures.
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Hyderabad Raidurg Land Auction Record Rs 237 Crore Per Acre
Telangana's TGIIC auctions 6.29 acres in Raidurg for Rs 237 crore per acre, 70% above reserve price, totaling Rs 1,490 crore, surpassing previous record of Rs 177 crore.
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