ED Attaches Rs 3,034 Crore Assets in Reliance Group Probe
The Enforcement Directorate attached assets worth Rs 3,034 crore belonging to Anil Ambani's Reliance Group under PMLA in a money laundering probe.
Category : Banking
India's Russian Crude Imports Fall 20% in April
India's imports of Russian crude oil fell 20% month-on-month in April to 1.57 million barrels per day, easing from March highs driven by Middle East disruptions and US sanctions waivers.
Complete Guide to Family Health Insurance Policy
Learn everything about family health insurance policies, including benefits, coverage, and tips for choosing the best plan for your loved ones.
Indian Stock Market Opens Lower on FII Selling, Geopolitical Risks
Indian equity benchmarks Nifty and Sensex opened lower on Wednesday, dragged by persistent selling by foreign investors and escalating tensions in West Asia.
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Sensex Falls Over 200 Points, Nifty Near 24,050
Indian equity markets opened lower on April 28, 2026, with Sensex dropping over 200 points and Nifty near 24,050. SBI was the top loser amid weak global cues.
Govt says no need to import auto fuels, sufficient stocks
The government assured that India has sufficient diesel and petrol stocks, dismissing any need for imports. Panic buying caused shortages in Andhra Pradesh, but supplies are being restored.
ED Seizes Rs 18 Lakh in PDS Scam
The Enforcement Directorate has seized Rs 18 lakh in a Public Distribution System scam, uncovering illegal diversion of subsidized grains.
RBI Mandates Banks to Report All Forex Derivative Deals on Rupee
RBI now requires banks to report all forex derivative deals involving the rupee, including offshore trades, within two days. Exemptions apply for small trades and hedging transactions.
UCO Bank Q4 Net Profit Up 22.6% to Rs 801 Crore
UCO Bank reported a 22.6% rise in Q4 net profit to Rs 801 crore. Cost of funds improved to 4.5%, fee income surged 32.6%, and recovery exceeded Rs 700 crore.
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RBI Final Rules: Banks to Set Aside Loan Loss Provisions From 2027
RBI's final rules require banks to set aside money for possible loan defaults from April 2027 using expected credit loss models, softening earlier proposals but marking a major shift in bad loan recognition.
ITAT quashes Rs 32 crore tax proceedings against Ajit Pawar
The Income-tax Appellate Tribunal quashed proceedings under Section 153C against late Ajit Pawar, deleting Rs 32.14 crore addition as unexplained income, citing insufficient evidence.
IT Dept Attaches Rs 100 Crore Benami Land in Hyderabad
The Income Tax Department's Benami Prohibition Unit has attached 2.2 acres of prime land worth Rs 100 crore in Narsingi, Hyderabad, alleging it was benami property held by Gia Global Consultants Pvt Ltd.
Armed Gang Robs SBI Branch in Surat of Rs 52 Lakh
Five armed men stormed an SBI branch in Surat's Varachha area, stealing Rs 52 lakh. No security guard was present, and the emergency siren was disabled. Police have formed multiple teams to investigate.
City Union Bank Q4 Net Profit Up 25% to Rs 360 Cr
City Union Bank reported a 25% increase in net profit to Rs 360 crore in Q4 FY26, with full-year net profit rising 18% to Rs 1,326 crore. Advances grew 26.5% and NPAs declined.
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TMB net profit rises 28% to Rs 374 crore in Q4 FY26
Tamilnad Mercantile Bank posted a 28% rise in net profit to Rs 374 crore in Q4 FY26, driven by interest income and record advances growth. Full-year profit stood at Rs 1,338 crore.
Axis Bank Fraud: Staff Used Customer Data to Take Loan
Two bank employees used confidential customer data to change a registered mobile number and take a pre-approved loan of Rs 4.7 lakh in the customer's name. Four arrested.
Lucknow Women Protest Smart Electricity Meters
Women protesters in Lucknow's Indiranagar demonstrated against smart electricity meters, citing billing errors and financial strain. They demand return to conventional postpaid meters.
ICAI Caps Tax Audits at 60 per CA from FY 2026-27
The Institute of Chartered Accountants of India (ICAI) has set a limit of 60 tax audit assignments per chartered accountant from FY 2026-27, enhancing accountability and transparency.
Noida Airport Gets Final Security Clearance, Flights from June
Noida International Airport receives final security clearance after appointing an Indian CEO. Commercial flights are expected to start in the first week of June with IndiGo, Air India Express, and Akasa.
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Meghalaya Rural Bank MoU with MegLIFE for financial inclusion
MegLIFE project under MBDA signed an MoU with Meghalaya Rural Bank to enhance financial inclusion and credit access for rural residents in Meghalaya.
Raipur Consumer Court Bans Mall Parking Fees as Unfair
Raipur consumer court rules shopping malls cannot charge visitors for parking, calling it an unfair trade practice. Mall directed to stop collection and pay compensation.
Banquet Hall Ordered to Pay Rs 37,557 for Faulty ACs
Mumbai consumer commission orders banquet hall to refund Rs 37,557 for malfunctioning ACs that caused guests to leave early, causing embarrassment.
Coal India Q4 Profit Rises 11% to Rs 10,839 Crore
Coal India reported an 11% rise in consolidated net profit to Rs 10,839 crore for Q4 FY26, while expenses increased to Rs 37,107 crore.
Delhi Makes 'No PUC, No Fuel' Rule Permanent to Curb Emissions
Delhi has permanently enforced the 'No PUC, No Fuel' rule, requiring vehicle owners to have valid pollution certificates to refuel. The move aims to reduce emissions and improve air quality.
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Karnal Fertiliser Dealers Strike Over Forced Tagging
Fertiliser dealers in Karnal went on strike protesting the mandatory tagging of products by authorities, causing supply disruptions.
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Rupee Rises 1 Paisa to 94.15 Against US Dollar
The Indian rupee strengthened by 1 paisa to close at 94.15 against the US dollar on Monday, supported by positive domestic cues and a weak greenback.
Gold Futures Drop to Rs 1,52,350/10g, Silver to Rs 2,43,819/kg
Gold futures on MCX fell 0.23% to Rs 1,52,350 per 10 grams, while silver declined to Rs 2,43,819 per kg in trading on April 27, 2026.
Petrol, Diesel Prices Unchanged Amid Global Oil Volatility
Petrol and diesel prices remain steady across major Indian cities on Monday despite global crude oil volatility due to Middle East tensions and shipping disruptions. Check city-wise rates.
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Indian Stock Markets Rebound After Three-Day Decline
Indian stock markets rebounded on Thursday after three days of decline, with Sensex and Nifty closing higher driven by buying in banking and IT stocks.
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