RBI Approves Kotak Bank's 9.9% Stake in City Union Bank
RBI has allowed Kotak Mahindra Bank to acquire up to 9.9% in City Union Bank, subject to regulatory conditions and no board seat.
Category : Banking
Optometrist Pleads Guilty to $6.9M Medicare Fraud
A Tennessee optometrist, Helen Boerman, pleaded guilty to healthcare fraud, submitting $11 million in false claims and receiving $6.9 million from Medicare and other programs.
Labourer killed in hit-and-run on SP Ring Road in Ahmedabad
A 37-year-old labourer was killed in a hit-and-run on SP Ring Road in Ahmedabad. The truck driver fled but later abandoned the vehicle. An FIR has been registered.
Star Health Insurance Ordered to Pay Rs 14,716 Claim
Noida consumer commission orders Star Health Insurance to pay Rs 14,716 claim with 6% interest, plus Rs 2,000 for mental agony, for denying valid claim of Dankaur resident Bijendra Singh.
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Farmer alleges Rs 50 lakh chillies fraud from cold storage
A farmer from Ballari district has accused a cold storage facility in Haveri of fraudulently selling his 363 bags of Byadagi chillies worth Rs 50 lakh without his consent, prompting a police investigation.
GST Appellate Tribunal to Hear Appeals
The GST Appellate Tribunal has been authorized to hear appeals, providing relief to businesses. This move aims to expedite dispute resolution under the Goods and Services Tax regime.
Gold Silver Up on Weak Dollar, US-Iran Peace Hopes
Gold and silver prices advanced on Tuesday due to a weaker dollar and optimism over US-Iran peace prospects, boosting demand for precious metals.
Indian Stock Markets End Lower, Sensex Falls 114 Points
Indian equity markets closed lower in volatile trading on Monday, with the Sensex declining 114 points and Nifty slipping below 23,550 amid mixed global cues.
ED Raids: Cash Bags Hurled From Ninth Floor in Mohali
During ED raids in Mohali linked to a money laundering case, cash bags were thrown from the ninth floor, with around ₹25 lakh recovered. The probe involves GMADA CLU licence irregularities.
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Rupee Rises 23 Paise to Close at 94.26 Against USD
The Indian rupee strengthened by 23 paise to close at 94.26 against the US dollar on Tuesday, supported by falling oil prices and improved risk appetite.
SBI Employees Announce Two-Day Nationwide Strike on May 25-26
State Bank of India employees will strike on May 25-26 over staffing shortages, outsourcing, pensions, and working conditions. The union cites 16 demands, including recruitment of messengers and armed guards.
ECLGS 5.0 to benefit 1.1 crore MSME accounts: SBI report
SBI report says ECLGS 5.0 could benefit 1.1 crore MSME accounts, providing additional credit of Rs 2-2.3 lakh per account, with Rs 2.55 lakh crore overall credit flow targeted.
HSBC HK Launches Asia Pacific's First World Legend Mastercard
HSBC Hong Kong has introduced the Asia Pacific's first World Legend Mastercard, offering premium benefits including travel perks, concierge services, and exclusive rewards for affluent customers.
Rupee Falls 28 Paise to 94.77 Against US Dollar
The Indian rupee depreciated 28 paise to 94.77 against the US dollar in early trade on Wednesday, tracking weak domestic equities and a strong greenback overseas.
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Indian Bank CEO warns lending rates may rise
Indian Bank MD & CEO Binod Kumar said marginal cost of lending rate has bottomed out and may rise as bulk deposit costs increase. Credit growth outstrips deposits, and treasury profits may be limited.
Mphasis Sues Coforge, Ex-Employee Over Contract Breach
Mphasis has sued Coforge and former employee Brijesh Khergamker in a US court for breach of contract and misuse of confidential information, seeking injunctive relief related to key client Charles Schwab.
Sensex surges 941 points on US-Iran deal hopes, crude falls
Sensex rallied 941 points on Wednesday as reports of a US-Iran peace deal pulled crude prices down, strengthening the rupee and boosting bond markets globally.
Investors Protest at GIFT City Over Alleged Cheating
Tension erupted at a GIFT City data centre as investors protested an alleged cheating scheme involving monthly returns. Police deployed, with claims of 33,000 affected and crores involved.
SBI Staff Federation Calls Two-Day Strike on May 25-26
The All-India State Bank of India Staff Federation announced a two-day nationwide strike on May 25 and 26 over unresolved employee issues and alleged violations of agreements.
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Punjab Halts Crop Loan Hike After Bank Objections
Punjab government puts on hold the 53% increase in crop loan limits for farmers after cooperative banks raised concerns over inadequate funds and reduced NABARD support.
Gurgaon Court Slams HDFC Bank Over Account Attachment Refusal
A civil court in Gurgaon reprimanded an HDFC Bank branch for refusing to attach a DHBVN account despite a warrant, calling the excuse of different branch 'not tenable' in the era of online banking.
Court allows ED to arrest Praful Lodha in money laundering case
A special court in Mumbai granted the Enforcement Directorate permission to arrest Praful Lodha, held for serious offenses, to probe money laundering allegations linked to sexual assault and cheating cases.
Non-bailable warrant issued against Rashmi Saluja
A Mumbai court issued a non-bailable warrant against former Religare chairperson Rashmi Saluja for failing to appear in an ESOP irregularities case at Care Health Insurance.
Paytm Parent Posts First Full-Year Profit Since Listing
One97 Communications reports Rs 552 crore profit for FY26, up from loss of Rs 663 crore in FY25, despite RBI cancelling Paytm Payments Bank licence. Revenue grows 21.8% to Rs 9,291 crore.
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Sensex surges 940 points, Nifty above 24,300
The BSE Sensex jumped 940.73 points to close at 77,958.52 on May 6, 2026, while the Nifty settled above 24,300, led by gains in IndiGo and other heavyweights.
Idea Share Price Surges 5% as Birla Takes Charge as Chairman
Vodafone Idea shares rose 5% after Kumar Mangalam Birla assumed the role of non-executive chairman, boosting investor confidence in the telecom company's turnaround plans.
Bagmane Prime Office REIT IPO GMP Today: Lists May 6
Bagmane Prime Office REIT IPO GMP today indicates strong demand ahead of listing on May 6. The Blackstone-backed REIT saw robust subscription. Check GMP, allotment status.
Small-Town India Shifts from Gold to Stock Market
India's small towns are moving away from traditional gold and property investments to equities, driven by financial literacy and digital access, as seen in Leh's Sapal Dorjee's journey from a Rs 2,000 SIP to Rs 1 lakh monthly.
NPPA Caps Prices of 42 Drug Formulations
The National Pharmaceutical Pricing Authority has capped retail prices of 42 drug formulations, ensuring affordable medicines for consumers. The move aims to regulate prices and prevent overcharging.
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Stock Markets Rebound as Oil Prices Decline on US-Iran Progress
Indian stock markets rebounded in early trade on Friday, tracking a decline in global oil prices as progress in US-Iran negotiations eased supply concerns.
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