New Delhi, June 3 (IANS) Shares of private lender IndusInd Bank fell 3 per cent on Wednesday after reports emerged of a fresh whistleblower complaint seeking an investigation into alleged insider trading, governance lapses and audit shortcomings at the bank.The stock declined as much as 3.01 per cent to hit an intraday low of Rs 884.75 apiece on the BSE as of 2:30 pm. At the last count, the banking stock was trading at Rs 895.80, down about 2 per cent.The selling pressure followed reports sugges…
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New Delhi, May 27 (IANS) The Delhi Police on Wednesday arrested three accused persons in connection with a cyber fraud case involving the unauthorised use of a credit card and fraudulent transactions worth Rs 9.58 lakh. According to police, the accused fraudulently used the complainant’s IndusInd Bank credit card to purchase gold coins, causing a financial loss of Rs 9,58,051. Four gold coins weighing approximately 50 grams have been recovered during the investigation.The case was registered a…
Mumbai, May 18 (IANS) The upcoming Nifty rejig could lead to estimated inflows of around $657 million, with BSE Ltd likely to be included in the benchmark index, replacing IT giant Wipro Ltd, a report has said.A report by domestic brokerage Axis Capital said the NSE indices rebalancing announcement is expected in the second half of August 2026, with changes effective from September 30, 2026.The eligibility assessment is based on six-month average data for the period February 1 to July 31, while …
New Delhi, April 23 (IANS) The Delhi High Court has dismissed four bail pleas in a high-value “digital arrest” cyber fraud case involving the alleged siphoning of crores from a senior citizen, observing that the accused appeared to be “important cogs of the conspirational wheel” in an organised crime with serious societal impact. A single-judge Bench of Justice Manoj Jain denied regular bail to accused Ashok Kumar and Mohit, and anticipatory bail to Vipul Rana and Himanshu Singh, in conn…
Hyderabad, April 19 (IANS) The Hyderabad City Police have dismantled a pan-India cyber fraud network with the arrest of 52 accused, including 32 bank officials in nine states. Hyderabad Police Commissioner V. C. Sajjanar said on Sunday that a major operation titled Operation Octopus 2.0 was launched to dismantle an organised cyber fraud network.Sixteen special teams comprising seasoned investigators conducted the operation simultaneously across nine states over a span of seven days.The Commissio…
New Delhi, April 18 (IANS) The Central Bureau of Investigation (CBI) on Saturday conducted searches at five locations across Telangana and Andhra Pradesh in connection with a “digital arrest” fraud case, arresting three persons, including a bank official. The case, taken up on the directions of the Supreme Court, involves the alleged cheating of a senior citizen, who was coerced into transferring more than Rs 1.6 crore, under the threat of a so-called “digital arrest”.The accused have been ident…
Ahmedabad, April 2 (IANS) The Ahmedabad Cyber Crime Branch has uncovered a network of bank accounts linked to at least 41 cyber fraud complaints across India, and has arrested six individuals accused of facilitating financial transactions for a wider cryptocurrency scam syndicate. The arrests follow a complaint alleging that a local resident was duped of Rs 57.9 lakh after being lured into a fake cryptocurrency investment scheme promising high returns.Police said a key accused, identified …
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
Bhubaneshwar, Jan 15 (IANS) The Cricket Association for the Blind in India (CABI) and Samarthanam Trust for the Disabled will host the Women’s National T20 Cricket Tournament for the Blind 2026 from January 17 to 22 in Bhubaneswar, Odisha, with a total of 18 teams, grouped into five pools, competing in a high-energy battle for the championship.The league matches will commence on January 17 and culminate in the grand final on January 22. The tournament will be formally inaugurated on January 16…
New Delhi, Dec 24 (IANS) Private sector lender IndusInd Bank on Wednesday informed stock exchanges that the Serious Fraud Investigation Office (SFIO) has begun investigating the affairs of the bank under Section 212 of the Companies Act, 2013, and has sought relevant information related to accounting issues flagged earlier.In a regulatory filing, the bank said it received a letter dated December 23, from the SFIO asking for specific details as part of the investigation.“The Bank has received a…