Sensex surges 790 points despite rupee at 96, crude near $106
Despite rupee hitting a record low of 96 against the dollar and Brent crude near $106, Sensex rallied 790 points to 75,399, driven by HDFC Bank, Bharti Airtel, and ICICI Bank.
Category : Banking
US to Drop Fraud Charges Against Gautam Adani
US authorities have initiated proceedings to drop fraud charges against billionaire Gautam Adani, according to reports. The move marks a significant development in the high-profile case.
Bajaj Broking Picks NMDC and Jayaswal Neco as Top Stock Bets
Bajaj Broking Research recommends NMDC and Jayaswal Neco Industries as top stock picks for May 15, 2026, with target prices of ₹102 and ₹124 respectively.
Centre Hikes Petrol, Diesel Prices by Rs 3 per Litre
The central government has increased petrol and diesel prices by Rs 3 per litre, effective from midnight, citing rising global crude oil prices.
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Rs 530 Crore Assets of Gameskraft Seized
The Enforcement Directorate has seized assets worth Rs 530 crore of Gameskraft, a rummy game app operator, under the Prevention of Money Laundering Act.
Paint Shop Gutted in Vadakkencherry Fire, Short Circuit Suspected
A paint shop near Mudappallur Junction in Vadakkencherry was destroyed in a fire on Thursday evening. Short circuit suspected; loss being assessed.
CBI probes interstate gang in Rs 64.82 crore bank fraud
The CBI suspects an organised interstate gang linked to South India in a Rs 64.82 crore fraud at Bank of India's Sadar branch in Lucknow, arresting two accused from Karnataka.
Amul Hikes Milk Prices by Rs 2-6 Per Litre in Lucknow
Amul has increased retail milk prices in Lucknow, with full cream milk now at Rs 142 for 2 litres, up from Rs 136. Toned milk also sees a hike of Rs 2 per litre.
Goa CM Sawant Urges Banks to Boost CD Ratio, Financial Literacy
Goa CM Pramod Sawant called for improving the state's credit-deposit ratio and enhancing financial literacy, especially among professionals, while praising banks for achieving 91% of their annual credit target.
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ED Questions NCP's Rupali Chakankar in Astrologer Money Laundering Case
The Enforcement Directorate questioned NCP politician Rupali Chakankar for eight hours in a money laundering probe linked to Nashik-based astrologer and rape accused Ashok Kharat, examining her financial ties to his trust.
Why Women Lead India's Banking GCCs: A New Chapter
India's banking GCCs are increasingly led by women, reflecting a shift rooted in global diversity mandates, flexible work, and the nature of the GCC model itself.
Delhi Police Arrests Dental Surgeon in Rs 1 Crore Fraud
Delhi Police arrested a 44-year-old dental surgeon for cheating people of over Rs 1 crore through fraudulent property deals in northeast Delhi. He was on the run for seven months.
Belagavi Raid: Ponzi Scheme Probe Targets Shivam Associates
District administration and cooperation department officials raided Shivam Associates in Belagavi over alleged Ponzi scheme involving thousands of crores. Key documents seized; 45,000 investors at risk.
ICICI Bank Launches USD Debit Card for NRIs with Visa
ICICI Bank and Visa launch a USD-denominated debit card for NRIs, eliminating forex markup fees. Linked to GIFT City account, it offers savings on international spending.
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How to Claim FD Without Nominee or Will: Step-by-Step Guide
Learn how to claim a deceased family member's fixed deposit when there is no nominee or will. Step-by-step process, legal requirements, and succession laws explained.
Rupee Hits Record Low of 95.73 Against US Dollar
The Indian rupee settled at an all-time low of 95.73 against the US dollar, driven by inflation concerns and a strong greenback in overseas markets.
Market Closing Bell: Sensex Rebounds, Nifty Near 23,700
Indian stock markets saw a strong rebound on May 14, with Sensex surging and Nifty closing near 23,700, driven by broad-based buying across sectors amid positive global cues.
XFlow Brings Stablecoin Acceptance to Indian Businesses
XFlow becomes the first cross-border payments platform to offer compliant stablecoin acceptance to Indian businesses, enabling faster and cheaper international transactions.
Sensex Rises 450 Points on Positive Asian Peers
Sensex jumped 450 points in early trade, tracking gains in Asian markets. Nifty also advanced 170 points as investor sentiment improved amid global cues.
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Rupee Plunges to Record Low of 95.86 Per US Dollar
The Indian rupee fell 20 paise to an all-time low of 95.86 against the US dollar in early trade, pressured by strong dollar demand and foreign fund outflows.
Rupee slumps to 95.85 against US dollar, down 0.1%
The Indian rupee continued its decline, falling 0.1% to 95.85 against the US dollar amid rising crude oil prices and Middle East conflict, marking a 1.4% drop this week.
Air India Cuts 145 Weekly International Flights This Summer
Air India suspends additional 145 weekly flights from June to August, adding to earlier cuts, to reduce costs amid rising losses. Passengers face higher fares.
PFC Dividend 2026: Record Date, Payment Date, Share Price
PFC announces dividend for 2026 with record date and payment date. Check share price on NSE and BSE, quarterly results, and dividend history.
PE Investments in India Drop 33% to $19.6B in 2025
Private equity investments in India fell 33% to $19.6 billion in 2025 due to high valuations and geopolitical turmoil. Average deal value declined 25%, with sub-$100 million deals dominating.
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Gold, Silver ETFs Jump 6-7% as Import Duty Hiked to 15%
Gold and silver ETFs surged 6-7% after the government raised import duty on precious metals to 15% from 6%, while jewellery stocks showed mixed trends. Market experts cite structural frictions.
Kevin Warsh Confirmed as New Federal Reserve Chair
Kevin Warsh, former Fed governor and Republican adviser, has been confirmed as the next Fed chair in a 54-45 Senate vote, replacing Jerome Powell amid inflation concerns.
Pune Fuel Sales Up 20% on Price Hike Fears, No Rush
Petrol and diesel sales in Pune have increased by about 20% over the past few days as consumers fill tanks fully amid speculation of a fuel price hike, though no panic buying is visible.
Pune Man Dies, Woman Injured in Truck Accident
A 27-year-old man from Wagholi died and his woman friend sustained severe injuries after falling off their motorcycle under a truck near Manchar, Pune.
Kevin Warsh Confirmed as Next US Federal Reserve Chair
The US Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote. Warsh, replacing Jerome Powell, faces inflation above target and internal Fed divisions over interest rates.
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Rs 30 Lakh Insurance Fraud with Fake Death Cert Busted
An insurance fraud of Rs 30 lakh using forged documents, including a fake death certificate and FIR, was uncovered in Prayagraj. Couple booked.
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