Bengaluru, May 24 (IANS) The Karnataka State Cyber Command on Sunday unearthed a massive “digital arrest” cyber fraud case in which a 74-year-old Bengaluru woman was allegedly cheated of Rs 24 crore by fraudsters posing as officials of central investigation agencies.The arrested accused were identified as N. Shivanam from Erode in Tamil Nadu, Akkach Mallik from Mumbai in Maharashtra, Palak Bhai Patel and Amit Narendra Patel from Ahmedabad in Gujarat, Om Prakash Rajut from New Delhi, and Gaur…
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Mumbai, May 24 (IANS) Indian equity benchmark indices ended higher on Friday, with analysts on Sunday said that they are expecting the Nifty to test the crucial 24,000 resistance mark next week, while the Sensex may face hurdles near the 76,000 zone amid persistent global uncertainty and volatile crude oil prices. Experts said the market is showing signs of gradual recovery, supported by gains in heavyweight banking stocks, although inflation concerns and geopolitical tensions continue to keep i…
Mumbai, May 24 (IANS) The combined market valuation of six of the country’s top-10 most valued companies increased by Rs 74,111.57 crore last week, led by gains in ICICI Bank, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC), Bajaj Finance and Larsen & Toubro amid a positive trend in equities.During the week, the BSE benchmark index rose by 177.36 points, or 0.23 per cent.Among the top-10 valued firms, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro and LIC em…
Mumbai, May 24 (IANS) State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making company in India’s financial sector during the January-March quarter of FY26, reporting a net profit of over Rs 23,400 crore.The insurance giant also retained its top position among Central Public Sector Enterprises (CPSEs) in terms of quarterly profit during the fourth quarter of FY26.LIC last week reported a 23 per cent rise in consolidated net profit to Rs 23,420 crore for th…
Mumbai, May 20 (IANS) Indian stock markets opened lower on Wednesday, mirroring weak global cues from the US and Asian markets amid rising bond yields and geopolitical tensions in West Asia.Sensex opened at 74,806.49, down 394.36 points or 0.52 per cent, while Nifty began the session at 23,457.25, slipping 160.75 points or 0.68 per cent.Later in the morning trade, the 30-share index declined as much as 671 points or 0.89 per cent to hit an intraday low of 74,529. Similarly, the Nifty fell 220 po…
Mumbai, May 17 (IANS) The combined market valuation of nine of the country’s top-10 most valued companies declined by Rs 3.12 lakh crore last week amid a sharp sell-off in domestic equities triggered by rising geopolitical tensions, weakness in the rupee, and surging crude oil prices.The broader market sentiment remained under pressure as the 30-share Sensex plunged 2,090.2 points, or 2.7 per cent, during the week, while the Nifty dropped 532.65 points, or 2.2 per cent.Among the top-10 valued …
New Delhi, May 14 (IANS) In a major breakthrough, the ER-II unit of the Delhi Police Crime Branch on Thursday has arrested a proclaimed offender and alleged serial property fraudster accused of cheating multiple victims of more than Rs 1 crore through fraudulent dealings. The accused, identified as Majahar Khan, son of Idrish Khan and a resident of Yamuna Vihar in North-East Delhi, had been absconding for the past seven months. Khan, aged 44, is a qualified BDS and MDS doctor and was popularly k…
Ahmedabad, May 12 (IANS) The Ahmedabad Cyber Crime Branch has arrested two members of an interstate cyber fraud gang involved in a “digital arrest” scam in which a senior citizen woman was cheated of Rs 55.50 lakh after being impersonated and coerced through fabricated legal threats and forged official communications. According to police, the case was registered at Cyber Crime Police Station under various sections of the Bharatiya Nyaya Sanhita, 2023, including Sections 338, 336(3), 340(2…
New Delhi, May 12 (IANS) The Central Bureau of Investigation (CBI) has unearthed an alleged nexus between a real estate developer and bank officials in a major homebuyers fraud case and filed its eighth charge sheet in connection with the matter, an official statement said on Tuesday.The charge sheet has been filed against M/s Logix City Developers Pvt. Ltd., its Directors, and officials of ICICI Bank and HDFC Bank for their alleged involvement in a criminal conspiracy linked to a housing projec…
Mumbai, May 12 (IANS) Indian equity benchmarks traded sharply lower on Tuesday for the second consecutive day in morning trade, with both indices declining around 0.5 per cent amid geopolitical tensions.Sensex declined as much as 0.62 per cent or 474 points to trade at an intraday low of 75,541 in early trade, while Nifty was seen trading at 23,689, down 0.53 per cent or 126 points from the previous close.Sector-wise, IT, chemicals, realty, cement and financial indices were among the top losers,…