Petrol, Diesel Prices Hiked Again: Rs 2.61 & Rs 2.71
Fuel prices have increased for the fourth consecutive day, with petrol costing Rs 2.61 more and diesel Rs 2.71 more per litre. The hikes follow a recent surge in global crude oil prices.
Category : Banking
Insurance Firm Ordered to Reimburse Rs 81k for Wrongful Rejection
A Ludhiana resident won a consumer case against an insurance company that rejected his mediclaim. The firm was ordered to pay Rs 81,000 plus compensation for deficiency in service.
IRDAI Seeks Standard Claim Definition, Uniform Settlement Ratio
IRDAI asks non-life insurers for a uniform claim definition and settlement ratio to ensure transparency and accurate financial health indicators.
Markets Eye RBI's Record Surplus, Volatility Ahead
Indian markets will monitor RBI's expected record surplus transfer to the government in FY26, while monthly expiry may trigger volatility. Energy and capital goods sectors stay supported by policy tailwinds and strong orders.
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UP second in power demand amid outages from thermal plant shutdowns
Uttar Pradesh has become India's second-highest power-consuming state after Maharashtra, with peak demand reaching 30,476 MW on May 22. Widespread outages due to thermal plant shutdowns have disrupted rural supply, prompting state action.
Two held with Rs 24 lakh cash in Ghaziabad
Two men were arrested in Ghaziabad with Rs 24 lakh unaccounted cash. They are linked to hawala transactions and GST fraud involving 10 firms.
Diwali Break Turns Costly: 6,600 Saris Missing
A Surat sari trader lost over 6,600 saris worth Rs 27 lakh after two employees allegedly sold them without billing during Diwali leave and absconded.
Insurance Firm Ordered to Pay Rs 1.41 Lakh Covid Claim
Vadodara consumer forum directs Future Generali India Insurance to pay Rs 1.41 lakh claim for Covid treatment, rejecting plea of non-disclosure of TB 20 years ago.
Chandigarh Petrol Pumps Face VAT Evasion Scrutiny
Chandigarh administration's excise department initiates data-matching with oil companies to check VAT evasion at petrol pumps, aiming to boost revenue amid rising EV adoption.
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Ahmedabad Police Arrest Two More in Rs 8.7 Crore Bank Theft
Ahmedabad police arrested two more accused in the Rs 8.7 crore theft from Bank of Baroda's RBI currency chest, recovering Rs 60 lakh cash. The main accused, a joint custodian, had siphoned money over months.
ED Probes Dawood-Linked Drug Lord's Mumbai Properties
The Enforcement Directorate investigates three Worli properties linked to deceased drug lord Iqbal Memon alias Mirchi, a Dawood Ibrahim associate, uncovering a web of illegal transactions and money laundering.
Flipkart Delivery Boys Swapped Products with Fakes, Rs 4.2 Lakh Fraud
Four Flipkart delivery executives in Bengaluru allegedly swapped expensive products with fakes, causing a loss of Rs 4.2 lakh. The fraud involved placing orders and returning fake items.
GATWU Slams Karnataka Govt Over Minimum Wage Exclusion
GATWU criticizes Karnataka government for excluding 19 labour-intensive industries, including garments, from revised minimum wages, calling it unjust to lakhs of workers, especially women.
Bengaluru Woman Wins Rs 32,000 in BookMyBai Case
A Bengaluru woman won a consumer case against online domestic-help platform BookMyBai, which failed to provide a maid despite payment. The court ordered a refund of Rs 22,420 plus interest and Rs 10,000 compensation.
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India to mandate 1% SAF blending in aviation fuel from Jan 2027
India plans to mandate 1% blending of Sustainable Aviation Fuel (SAF) in aviation turbine fuel from Jan 2027, with minimal impact on airfares (Rs 100-200 per ticket). PSUs are preparing production capacity.
Bank Holidays May 26-28: State-wise Closures for Festivals
Banks in several states will remain closed from May 26 to 28, 2026, due to festivals. Plan visits in advance; digital services remain active.
Bengaluru Liquor Stores Charge Old Rates Despite New Tax
Liquor stores in Bengaluru continue to charge old rates even after the Karnataka government implemented a new tax regime, causing confusion among customers.
US becomes second largest source of FDI into India
The US overtook Mauritius to become India's second largest FDI source in 2025-26, with equity investments doubling to over $11 billion. Singapore remained top, while Japan saw a surge.
Dwarka Police Bust Diesel Black Market, Seize 1000 Litres
Devbhumi Dwarka police busted a diesel black-marketing racket, seizing 1000 litres and arresting one person. The accused used fishing boat tokens to procure subsidized diesel illegally.
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Gold Exchange Triggers LTCG Tax: Experts Warn on Old Jewellery Swap
Gold exchange for new jewellery surges after PM Modi's call, but tax experts warn LTCG applies. Learn about 'melt and remake' to avoid tax liability.
Bank of Baroda Employee Arrested for Rs 8.7 Crore Theft
Harsiddh Kadiyar, a joint custodian at Bank of Baroda's Kalupur branch, was arrested for stealing Rs 8.7 crore. He allegedly uploaded fake balance certificates to hide the theft.
Hyderabad Woman Complains Against Tech Firm for Cheating Staff
A 25-year-old woman from Beeramguda has filed a complaint against Technoreach, alleging that the firm cheated 80-90 employees by not paying salaries and demanding training fees.
Congress MP Questions RBI Record Surplus Transfer to Centre
Congress MP Sukhjinder Singh Randhawa raises concerns over RBI's ₹2.87 lakh crore surplus transfer to central government, questioning economic strength and rising debt.
TV mechanic, accountant held in Rs 128-crore fake GST racket
Delhi Police EOW arrested a TV mechanic and an accountant for their roles in a Rs 128-crore fake GST invoicing racket using stolen identity documents.
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ED arrests Punjab builder Ajay Sehgal in Mohali land fraud case
The Enforcement Directorate arrested Punjab builder Ajay Sehgal in a money laundering case linked to forged consent letters for change of land use in Mohali's Suntec City project.
Mumbai Court Convicts Firm, Director in Rs 3.33 Crore Bank Fraud
A Mumbai magistrate's court convicted Anushool Metals Pvt Ltd and its director Bharathi Hegde for cheating Canara Bank of Rs 3.33 crore using forged documents and concealed encumbrances.
Property Sale Tax 2024: 12.5% LTCG Without Indexation
Selling property in 2024? Learn about new capital gains tax rules: 12.5% LTCG without indexation vs 20% with indexation. Understand exemptions under Sections 54, 54F, 54EC.
Home Loan Affordability: Using EMI Calculators Before Buying a House
Planning to buy a home? Use home loan affordability and EMI calculators to check if you can afford it. Learn how factors like income, EMIs, tenure, and interest rate affect your budget.
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.
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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.
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