Ahmedabad/New Delhi, April 20 (IANS) A man accused of orchestrating a GST refund fraud worth around Rs 1,825 crore has been arrested at Indira Gandhi International Airport in New Delhi after returning from Dubai, officials said on Monday. Kapil Chugh was apprehended on Sunday by officials of the Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit.According to officials, he had evaded the investigation, failed to respond to 22 summonses issued by the agency, and fled to Dub…
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Jammu, April 12 (IANS) The annual Amarnath Yatra will start this year on July 3 and will conclude after 57 days on August 28, coinciding with the Raksha Bandhan festival, Jammu and Kashmir Lt. Governor Manoj Sinha said on Sunday.Jammu, April 12 (IANS) The annual Amarnath Yatra will start this year on July 3 and will conclude after 57 days on August 28, coinciding with the Raksha Bandhan festival, Jammu and Kashmir Lt. Governor Manoj Sinha said on Sunday.The office of the Lt. Governor posted on X…
New Delhi, April 7 (IANS) India’s headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI’s April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday.The report from Yes Bank said GDP growth is expected to moderate to about 7 per cent with downside risks if the US-Iran war persists.”Growth has remained resilient so far, supported by domestic demand – both private consumption demand and government’s capital e…
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…
New Delhi, March 26 (IANS) India’s credit growth has seen a sharp jump in FY26, rising 61 per cent, driven mainly by strong demand from retail borrowers and MSMEs, a new report showed on Thursday.Credit growth in India has accelerated significantly in FY26, with total credit flows rising to Rs 25.1 lakh crore, nearly matching deposit mobilisation of Rs 26.1 lakh crore, a report by Yes Bank said.The report noted that strong demand across retail, MSME and infrastructure sectors has been the key …
New Delhi, March 12 (IANS) The Enforcement Directorate on Thursday said it has attached another lot of properties, worth more than Rs 581 crore, of Anil Ambani group companies Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).An order was issued on March 11 to attach land parcels in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan, the Enforcement Directorate (ED) said in…
New Delhi, Feb 25 (IANS) Credit card spending remained subdued at Rs 1,990 billion in January 2026, growing 8.1 per cent year-on-year, a report has said on Wednesday.However, data compiled by Asit C. Mehta Investment Intermediates Limited showed that it has declined by 2.7 per cent compared to the previous month.The report noted that the sequential decline in spending was largely driven by lower spends from the top four banks.State Bank of India saw the biggest drop, with spending falling by Rs …
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…
New Delhi, Feb 4 (IANS) After the Union Budget 2026 and the historic India-US trade deal, all eyes are now on the three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting that begins from Wednesday, with the key repo rate decision on Friday.Economists believe RBI Governor Sanjay Malhotra-led MPC is likely to pause any further policy rate cut. The Central Bank is rather set to undertake direct measures to tackle liquidity, bond stability and currency-related risks.The RBI…