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.
Category : Banking
Hyderabad Man Duped of Rs 6.21 Crore in Rubber Scam
A Hyderabad businessman was cheated of Rs 6.21 crore by another businessman who promised a 50% partnership in a recycled rubber business. A case has been registered under IPC Section 420, and investigations are ongoing.
Haj airfare hiked by Rs 10k per pilgrim, sparks outrage
The Haj Committee of India's last-minute airfare hike of Rs 10,000 per pilgrim, citing fuel costs, has drawn criticism from pilgrims in Gujarat, who call it unfair and financially burdensome.
Kiran Mazumdar-Shaw Names Niece Claire as Biocon Successor
Biocon founder Kiran Mazumdar-Shaw announces a gradual succession plan, naming her niece Claire Mazumdar as her successor. Claire currently leads Biocon spinoff Bicara Therapeutics.
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Sebi Proposes Foreign Bonds via Online Platforms in GIFT City
Sebi plans to let online bond platforms offer IFSCA-regulated debt securities in GIFT City, enabling Indian investors to buy foreign bonds and tax-saving bonds from govt bodies.
Bombay HC Quashes FIR Against HDFC Bank CEO
Bombay High Court quashed an FIR against HDFC Bank CEO Sashidhar Jagdishan filed by Lilavati Hospital Trust, calling it a counterblast to recovery proceedings.
Global Optimism Drives Indian Stocks Up: Sensex Gains 500 Points
Indian stock markets rallied on global optimism, with Sensex gaining 500 points and Nifty soaring past the 24000 mark, driven by positive global cues and strong buying.
Rupee Rises 23 Paise to 94.95 Against Dollar
The Indian rupee appreciated 23 paise to 94.95 against the US dollar in early trade on Wednesday, recovering from its previous close at the interbank foreign exchange market.
Thieves trapped by neighbours call police for rescue
Two thieves in Rourkela called police for help after being locked inside a house by alert neighbours. They were rescued and arrested, with stolen jewellery recovered.
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Dombivli College Alumni Funds Misappropriated; 3 Booked
Three individuals including two former office-bearers of Shivajirao S. Jondhale College of Engineering alumni association and a bank manager booked for allegedly misappropriating over Rs 3 lakh from association funds.
7 Arrested in Chhattisgarh Rs 115 Crore Overtime Scam
Chhattisgarh EOW/ACB arrested seven directors of manpower agencies for an alleged Rs 115 crore overtime scam in CSMCL. Fake bills were used to siphon funds.
Bank Credit Grows 15.9% in FY2025-26, Reaches Rs 212.9 Lakh Crore
Scheduled Commercial Banks recorded robust 15.9% credit growth in FY2025-26, reaching Rs 212.9 lakh crore. Services, personal loans, and agriculture led the expansion amid low interest rates.
Bank Manager Remanded in Rs 1.08 Crore Embezzlement
Sudhansu Khora, branch manager of KCC bank in Malkangiri, was forwarded to court after arrest for misappropriating over Rs 1.08 crore in crop loan funds from farmers via LAMPS.
Rupee Rises 5 Paise to Close at 95.18 Against Dollar
The Indian rupee strengthened by 5 paise to close at 95.18 against the US dollar on Thursday, supported by positive domestic equities and foreign fund inflows.
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ITAT: Property from Relatives Not Sham for Tax Exemption
Mumbai ITAT ruled that buying a residential property from close relatives cannot be treated as a sham transaction solely because it yields tax benefits, allowing a Rs 41.5 crore exemption under Section 54F.
Sundaram Home Finance Net Profit Up 15% to Rs 282 Crore in FY26
Sundaram Home Finance reported a 15% increase in net profit to Rs 282 crore for FY26, with AUM growing 14% to Rs 19,909 crore. Disbursements rose 5% to Rs 6,842 crore, while emerging business segment disbursements more than doubled.
Manoj Kohli Joins Alt DRX Advisory Board for Tokenisation
Former SoftBank executive Manoj Kohli has joined Alt DRX's advisory board, signaling a major push for asset tokenisation in India's financial sector.
M&M Declares 660% Dividend: Record Date and Details
Mahindra & Mahindra announced a 660% final dividend for FY26. Check record date, payment date, and other key details for investors.
KIFS Housing Finance Appoints Selvin Uthaman CEO
KIFS Housing Finance Limited has appointed Selvin Uthaman as its new Chief Executive Officer, effective immediately. He brings extensive experience in housing finance and banking.
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Rupee Hits New Record Low of 95.25 Against US Dollar
The Indian rupee dropped 2 paise to close at a fresh record low of 95.25 against the US dollar on Tuesday, after touching an intra-day low of 95.44.
Indian Banking Sector Faces Profitability Squeeze: McKinsey
A McKinsey report warns that Indian banks face a structural profitability squeeze due to rising costs and credit risks, urging strategic shifts for sustainability.
Healthcare Stock Hits 52-Week High After Subsidiary News
A healthcare stock surged to a 52-week high after announcing a step-down subsidiary. Check the share price details and market reaction.
RBI Rate Cuts Partially Passed On to Borrowers in FY26
A report reveals that RBI's rate cuts in FY26 were only partly transmitted to borrowers, with lending rates falling but not fully reflecting the central bank's actions.
Apollo Hospitals Launches Advanced Bone Regeneration for Diabetics
Apollo Hospitals introduces a novel bone regeneration solution for diabetic and complex bone infections, aiming to reduce amputations and improve healing outcomes.
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EB-5 visa apps from India double, USCIS flags concerns
EB-5 visa applications from Indian nationals nearly doubled to 1,903 in FY2025, raising concerns in the US about misuse by those already in the country.
Rupee hits record low of 95.40 against US dollar
The Indian rupee tumbled to a record low of 95.40 against the US dollar in early trade on Tuesday, falling 17 paise from its previous closing. The currency had already ended Monday at its weakest-ever closing mark of 95.23.
OneMIP Technology Solutions IPO GMP Today: Kissht Lists on NSE, BSE
OneMIP Technology Solutions (Kissht) IPO lists today on NSE and BSE. Check GMP, listing date, and brand ambassador Sachin Tendulkar's role.
Sensex Falls 165 Points, Nifty Near 24,050 Amid Middle East Tensions
Indian equity markets opened lower on Monday, with Sensex falling 165 points and Nifty near 24,050, as fresh escalations in the Middle East weighed on investor sentiment.
IT Dept Notices to 800 for Hiding Assets Worth Rs 3,000 Crore
Income Tax department has issued notices to 800 individuals for concealing assets and income exceeding Rs 3,000 crore. Cases of gross underreporting were detected through scrutiny of financial transactions.
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Pune: Man Arrested for Cheating Official's Wife of Rs 22.5 Lakh
The Nigdi police arrested a 36-year-old security agency owner for cheating the wife of a central government official of Rs 22.5 lakh by promising double returns on investment.
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