Surat, May 7 (IANS) The Surat Crime Branch has arrested two men from Uttar Pradesh in connection with the Rs 50 lakh armed robbery at a State Bank of India (SBI) branch in the Varachha area, police said on Wednesday.Officials further added that the offence was executed by an interstate gang allegedly directed by a Bihar-based mastermind operating from jail.The robbery took place on April 27 at around 1 p.m. at the SBI branch on L.H. Road.Police said five or more men, aged between 25 and 30, ente…
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Mumbai, May 3 (IANS) The combined market valuation of four of India’s top-10 most valued companies surged by Rs 2.20 lakh crore in a holiday-shortened week, driven largely by a sharp rally in heavy-weight stocks.The benchmark Sensex ended the week on a modestly positive note, gaining 249.29 points or 0.32 per cent.Among the top gainers, telecom major Bharti Airtel posted strong gains, with its valuation rising by Rs 43,503.51 crore to Rs 11,49,222.13 crore.IT giant Tata Consultancy Services (T…
Aizawl, May 2 (IANS) Mizoram Chief Minister Lalduhoma on Saturday stressed the need to enhance financial literacy across the state, particularly in rural areas, and underscored the importance of accessible and efficient banking services for the people. The Chief Minister attended the Mizoram Rural Bank Branch Managers’ Conclave 2026 on Saturday in Aizawl.Addressing the conclave, he expressed pride that Mizoram possesses one of the most progressive Regional Rural Banks in India. He commended Mi…
New Delhi, May 2 (IANS) The Cyber Police Station of East District, Delhi, has solved a cyber fraud case involving the cheating of Rs 2,00,000 on the pretext of selling a second-hand car, officials said on Saturday. One accused has been arrested in connection with the case. According to the police, the accused impersonated an employee of a reputed online car-selling platform to gain the victim’s trust. He allegedly induced the complainant to transfer money as booking and processing charge…
New Delhi, May 2 (IASN) The Central Bureau of Investigation (CBI) has successfully secured the extradition of wanted fugitive Kamlesh Parekh from the United Arab Emirates, in connection with a major banking fraud case involving losses of hundreds of crores.In an official statement, the agency said, “The Central Bureau of Investigation (CBI), in coordination with the Ministry of External Affairs (MEA) and the Ministry of Home Affairs (MHA), has successfully secured the extradition of Red Notice…
New Delhi, April 29 (IANS) If the US-Iran conflict remains unresolved for a long duration, it can make the task of central banks arduous in their endeavour to rein in inflation expectations while minimising growth sacrifice, a new SBI Research report said on Wednesday.In uncertain times, a good central bank should be cautious about false precision, forceful against high-cost tail risks, systematic enough to preserve credibility, flexible enough to adapt, and transparent enough that uncertainty a…
New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
Patna/Shillong, April 28 (IANS) The Central Bureau of Investigation (CBI) has arrested an absconding accused in connection with a Rs 60.86 lakh bank fraud case involving the Bharat Sanchar Nigam Limited (BSNL), nearly 14 years after the registration of the FIR, officials said on Tuesday.The accused, identified as Manoj Kumar Sinha alias Manoj Sinha, had been evading arrest since the registration of the FIR in 2012 and never joined the investigation, the agency said.According to the CBI, the case…
New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
Mumbai, April 28 (IANS) “Regulations have become highly micro in nature in India. Instead, we need to have the kind of ecosystem that rewards innovation, encourages you to scale fast and fail fast, that you can get up again and try again,” said Arundhati Bhattacharya, Chairperson & CEO, Salesforce – South Asia and Former Chairman, State Bank of India.She was speaking during the discussions at the Release of the Report on ‘Regulatory Governance: The Scope, 2026’, in Mumbai.“Regulators n…