New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
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New Delhi, March 19 (IANS) The Central Bureau of Investigation (CBI) questioned Reliance Group Chairperson Anil Ambani on Thursday for 8 hours at a stretch in a complaint filed by the SBI related to an alleged Rs 2,929 crore fraud by Reliance Communications (RCom). Ambani has been asked to appear for further interrogation at the CBI office on Friday.The CBI registered a complaint after the SBI claimed a loss of Rs 2,929 crore resulting from alleged misappropriation by RCom and Anil Ambani by ent…
Mumbai, March 17 (IANS) The Reserve Bank of India has been selected for the prestigious ‘Initiative of the Year Award’ by London-based Central Banking in recognition for its launching the ‘.bank.in’ domain, making India the first country globally to mandate a secure and exclusive Internet domain for the banking system.The award recognises the initiative as a global benchmark in financial cybersecurity and digital infrastructure management.The transition enhances consumer confidence, helps reduce…
Mumbai, March 13 (IANS) Indian equity markets ended sharply lower on Friday as rising tensions in the Middle East weighed on investor sentiment and triggered broad-based selling across sectors.The benchmark indices, Nifty and Sensex, closed deep in the red as concerns over the prolonged US-Iran conflict intensified fears of a gas supply crunch and higher energy costs.The Nifty declined 488.05 points, or 2.06 per cent, to settle at 23,151.10. Meanwhile, the Sensex dropped 1,470.50 points, or 1.93…
New Delhi, Feb 27 (IANS) As the new GDP series (with base year 2022–23) is scheduled to be released on Friday, a sub-committee set up by the Ministry of Statistics and Programme Implementation (MoSPI) has also recommended an enhanced use of GST data in the new series for GDP estimates.The report of the sub-committee forms part of the process launched by MoSPI to revise the base year of the National Accounts to FY 2022–23.In the 2011-12 series, GST data were used to compile the Quarterly Nati…
Hyderabad, Feb 24 (IANS) Hyderabad police on Tuesday arrested two inter-state robbery offenders who had looted Rs. 6 lakh from a businessman by opening fire on January 31.Deputy Commissioner of Police (DCP), Task Force, Gaikwad Vaibhav Raghunath, announced the arrest of the inter-state robbery offenders, both natives of Uttar Pradesh.They had committed the offence near the SBI ATM, Koti branch, in the heart of the city. The accused had forcibly confined the victim, assaulted him by using country…
New Delhi, Feb 16 (IANS) The Special Court has issued notices to Venugopal Dhoot and 12 other entities in the Rs 61,773 crore bank loan fraud case related to Videocon’s oil and gas business in Mozambique, according to a statement issued by the Directorate of Enforcement (ED) on Monday. The notice, issued by the special court at Rouse Avenue in Delhi, is in response to a prosecution complaint filed by ED on Dec 18, 2024, under the provisions of the Prevention of Money Laundering Act (PMLA) i…
New Delhi, Feb 4 (IANS) The Supreme Court on Wednesday expressed serious concern over an “unexplained delay” by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) in probing alleged large-scale bank loan frauds linked to Reliance Communications Ltd (RCOM), its group companies, and promoter Anil Ambani, involving public funds estimated at Rs 40,000 crore. A Bench headed by Chief Justice of India (CJI) Surya Kant asked the ED to constitute a Special Investigation Te…
Mumbai, Feb 2 (IANS) Indian equity markets bounced back strongly in the final hour of trade on Monday, helped by late buying in heavyweight stocks such as Adani Ports, Bharat Electronics, L&T, Mahindra & Mahindra, ICICI Bank and HDFC Bank.The Sensex recovered sharply from its intra-day low of 80,387.25. It jumped as much as 1,345 points to touch a high of 81,732 before closing at 81,666. The index ended the day up 944 points, or 1.17 per cent.Similarly, the Nifty moved in a wide range du…
Mumbai, Feb 1 (IANS) Indian stock markets witnessed a sharp fall on Budget Day as investors reacted negatively to the government’s decision to raise the Securities Transaction Tax (STT) on futures and options trading.The benchmark indices Sensex and Nifty recorded their biggest Budget-day decline in six years, with both ending around 2 per cent lower in a special trading session held on February 1.By the end of the session, the Sensex closed at 80,723, while the Nifty settled at 24,825, losing…